Re: A few listings from Facebook Marketplace
Posted by Tim Cole On 2022/12/19 12:26:05
Here is a little fun:
Two cars for sale early 60's. Given Bob Turnquist bought a mint 38 V-12 town car around 1949-50 for $85 that works out to 13% gross annual gain. I say gross because that doesn't factor in the capital cost of owning a dry garage, property taxes, up keep; and such which probably drives that net return to close to zero.
Oh, and after the war the eight cylinder cars generally sold for more than the V-12 because they were more practical than the big dinosaur.
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39 Packard.jpg (33.11 KB)
Two cars for sale early 60's. Given Bob Turnquist bought a mint 38 V-12 town car around 1949-50 for $85 that works out to 13% gross annual gain. I say gross because that doesn't factor in the capital cost of owning a dry garage, property taxes, up keep; and such which probably drives that net return to close to zero.
Oh, and after the war the eight cylinder cars generally sold for more than the V-12 because they were more practical than the big dinosaur.
Attach file:
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