I have been looking at an old Corvette. 1963 Split window. 327, Muncie four speed, all original in driving condition, not a show car, but less than 50,000 original miles. I suspect it is worth about 45,000, the owner hopes to get between 50-60K.
If you or I had been lucky enough to buy it for $2,900 back in 1972 as he did and then park it in the garage how would our "investment" have turned out? Figure compound interest on the money at a ridiculously low 3% interest and the purchase cash will cost you $8,657.00 But you have to store the **** thing. If you were lucky enough to find a garage suitable for the storage of a collector car, and you paid, on average $150. rent each month, then the true cost of the money, 37 years worth without the investment value that 150 per month would have given you, is: $75,423.18.
You should have some maintenance costs, and it should be insured, at least for fire and theft all 37 years. etc,etc,....
I'm guessing I owe him 80-90 K if I want that car. but I am sure I can find a nice one for $45K.
If you like it, buy it. But don't store it, drive it or ride it! That will be the only return on your investment that will make sense.