Re: The Value vs the Investment

[Toby Erkson <Toby_Erkson@ccm.jf.intel.com>]

Hmm, I have some clarifying to do...

With the asking price as it is and the work done to the vehicle I felt 
pretty sure that most of the work was contracted out.  My vehicular work is 
done mostly by others as well and I am so grateful to have such talented 
people do the work for me.  I either don't have the time and/or skills they 
posses.  Looking at the work done and reading the spec sheet I have, and 
gave, no doubts as to the fine quality of work performed.

Please reread what I wrote:  I did not say that you had more money than you 
knew what to do with, I said the people who can afford to purchase an 
*exotic car* are of that type.  I've been accused by others (family, 
friends, strangers, you name it) that I've spent, and keep spending, too 
much money on my cars -- enough to buy my dream Porsche 930 (being made in 
the late '80s it would be used, of course).  The quantity of money you 
spent is a good amount that the majority of Type III owners would agree 
upon.  But the quality shows in the car (this is a good point).  Yes, to me 
it was a wise investment of lasting value, *to you* if you should keep the 
car.  However, cars are not like real estate...you won't get everything, 
including any possible profit, from what you've put in (again, unless the 
car is exotic or VERY old).

Here's a perfect example:
My uncle has a passion for cars as well and reworks them by himself and 
through the help of others.  Currently he has a red, convertible, 1962 El 
Dorado Caddie (for an American car it is beautiful, too, and please forgive 
any spelling mistakes :)  He's put $22k into it but if he were to sell it 
today the very best he could ask would be $18k.  However, he told me that 
back in the early '90s it would've been worth about $50k (had he owned it 
during that time) -- market demand, how weird.

So the Value vs the Investment currently is...
     Keeping the car and not selling it: Value is greater than investment.
     Selling the car: Investment is greater than [actual/market] value.

The Square is beautiful and I wish I could fix mine like your pan-up but 
this is how I observe the situation.
    Toby Erkson
    air_cooled_nut@pobox.com  <-- Please use this address for email responses
    '72 VW Squareback 1.6L bored and stroked to 2.0L
    '75 Porsche 914 1.8L, ORPCA member
    Portland, Oregon, http://www.geocities.com/MotorCity/8501/

______________________________ Reply Separator _________________________________
Subject: The Value vs the Investment
Author:  type-3-errors@umich.edu at SMTPGATE
Date:    2/2/98 8:04 PM

The question is -- Is the Value equal to the Investment?
...
we think we have made a wise investment of lasting value.
Robert & Carolyn Wilson