Ragtops’s Roadrage

Entries from September 2008

Classic cars

September 11, 2008 · Leave a Comment

Don’t you just hate what depreciation does to your old trade in? If you don’t put a lot of miles on your car, a classic car  will hold it’s value in a recession and maybe even increase enough to recover it’s price and carrying costs when it’s time to sell.

A roadster will hold it’s value better, but they are trickier to buy, maintain, and insure than conventional cars; harder to sell, too, but  if you work things right, they will never be worth less than you paid for them. Why? Old cars don’t have air conditioning.

Roadsters and cabriolets that once sold  for under a thousand dollars fifty years ago now sell for tens of thousands of US dollars on eBay and online. Even musclecar convertibles that just got their first classic license plate sell for many times their investment and carrying costs. Plus the occasional freight  and  towing charge that  their owners  incur to sell  their car and buy another.

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Buying a Car

September 11, 2008 · Leave a Comment

Financing Mistakes – Cash is your best deal. The dealer’s finance and insurance plan is never your best deal. Have your own loan and Insurance arranged beforehand and show him your numbers before he shows you his. Why waste time?

What about the Warranty? – Have a quote for a third party warranty also. Ask if they can beat the total. You may want the coverage or you may not. Check the policy exclusions page for expensive or hard to fix stuff, especially if you drive hard and often.

Categories: Auto Industry · Finance and Insurance
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