I have a little extra cash and want to invest a small amount into older cars. I have my eye on a '95 BMW convertible @ 88,000 miles and a 2000 Mustang coupe with 120,000 miles. Which would be the better investment for say, 3-5 years?
?
Favorite Answer
Get the BMW. It's more attractive and the performance is a lot better. And if you look at the mileage it was used less often, it's low for a 95. It depends if the Mustang is a V8 or V6. The V6 is crap and the V8 is obviously better, so if it's a V6 Mustang, get the BMW for sure. If it's a V8, then it's up to you. But my vote is on the BMW, mustangs are too common
?
The definition of INVESTMENT is something you buy with an expectation that it will grow in value over the years. Stocks and bonds are an investment. Real estate is an investment. Jewelry and precious metals are an investment.
A USED CAR is just a USED CAR. You will NEVER get back what you paid for a high-mileage crapped out Mustang or a BMW convertible. NOW; if you could buy a BRAND NEW Mustang Cobra and wrap it in plastic and put it in a humidity controlled vault for about 100 years, then you MIGHT see a return on your "investment"... but NOT in 3-5 years.
Anonymous
Personally I think I would get the BMW. But if you're asking for the higher investment I would have to say the Mustang because it is made at 2000 while the BMW is older. People looking for cars are usually looking for newer cars.
?
If the Mustsng is a V6 I'd say BMW. If it's a GT I'd say for the price you probably could find a Cobra around the same year. I'd get the Mustang if and only if it was a V8, other wise the BMW but I like muscle cars and that's MY preference so my opinion is bias.
Berni
The cars you mention are not old enough to be collectable and 3 to 5 years from now they will still not be old enough. Their value will likely decrease. Investing in cars hoping for an increase in value is a risky proposition.