In about 5 to 10 years depending upon how that vehicle is kept up and the equipment:
* It will be worth more that its purchase value new.
* Did you maybe speak with the owner? Maybe that car has sentimental value for some reason.
My first 2 cars were 3rd generation Camaro
* 85 base model - HS Graduation present
* 92 RS with V8 - First Car I bought on my own
If I did not have this Triathlon hobby, and did not live in a condo I could very well would buy an 80 to 90's Camaro and or Vette.
(My dad was Vette guy and he owned 6 of them from 1973 until he died and gave me the last one a 2002)
To be exact a 1996 LT4 Convertible Corvette in the Silver Anniversary package, which would cost about 10k is what I would buy and I want.
I like the Vette that JSA bought a while back.
I am 49 / College Educated / Work for a fortune 100 company / Lives in Los Angeles/ No kids
Yeah I was going to say there are sports cars that people drive for fun, and then there are sports cars that are collectors' items. The latter are often a target for rich people because you can get one (let's say, 1st year of production), garage it, and you basically have an appreciating asset that's tax free, if you are in a no sales tax state.
And then there's the other end of the spectrum which are the folks leasing them for a business write-off - although I'm not sure if that still applies with the revamp to the tax code: http://www.businessinsider.com/...-luxury-cars-2012-11