The down slide in sale value of the collector car mrkt. seems to be affecting the insurance values of our cars. A friend of mine just had 2 of his cars re-appraised by request of Ins. co. [done 5 yrs. ago] Neither car has gone "down hill" but one dropped $10 grand & the other lost $5 grand from 5 yrs. ago!!!!!! One of them was just recently sold & was about 1/2 of the new appraisal value, he's trying to "thin" out the collection & reduce the "overhead' of keeping 5 cars on the road + it took a little over a yr. to find a "true" buyer & not a KIJIJI IDIOT making stupid offers without even seeing the car!!! Only good thing with lower value is the Ins. premium is less
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I can only please one person a day, Today is not your day!!Tomorrow doesn't look good either !!!!
I think it will only get worse for anyone with a car collection these days .....the younger generations of buyers don't think like car guys of yesteryear ......and don't appreciate our stuff . The only young guys I see at a cruise or a car show , are there with there new store-bought Mustangs, Camaros etc. , that were most likely bought by mommy and daddy . Young guys with old rods are a rarity .
The down slide in sale value of the collector car mrkt. seems to be affecting the insurance values of our cars. A friend of mine just had 2 of his cars re-appraised by request of Ins. co. [done 5 yrs. ago] Neither car has gone "down hill" but one dropped $10 grand & the other lost $5 grand from 5 yrs. ago!!!!!! One of them was just recently sold & was about 1/2 of the new appraisal value, he's trying to "thin" out the collection & reduce the "overhead' of keeping 5 cars on the road + it took a little over a yr. to find a "true" buyer & not a KIJIJI IDIOT making stupid offers without even seeing the car!!! Only good thing with lower value is the Ins. premium is less
I have Never considered my car/hot rod as an investment. Sure,it will bring money when sold- depending on market conditions. Gold, diamonds, real estate ; these are investments. In the end, those with the Gold, Diamonds , Real Estate will only be able to enjoy the hobby . Just my opinion
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Reality; A test of Mind and Spirit And BODY. (`-`)
It just goes to show you your car is only worth what someone is willing to pay. I have bought and sold many cars and have never lost always gained. Think about what you paid what you sold for figure out the return on your money V.S the bank rate. I have actually used the banks money @4.5 % to finish a project and then sell it. A lot better return and a nice profit to start the next one. Jmo There is still a market for customs and hot rods 60"s and early 70"s, Not so much for the 50's original classics and again just my personal opinion
teejay99 is right,most younger people are not interested in our old hotrods and classics,they cant relate to them. When we go to the home ,there will be some good deals on these cars.
I seen a few cars sell at the Lindsay swap meet about five cars including my original 66 Biscayne sleeper that went to a fellow that came from Nova Scotia for the event. I was thinking at the time that the old car market may be heating up but I guess it was just the shear volume of people coming to the event that boosted the number of sales.
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Yes they are all crazzzy but me and you........... and I am not sure about you!!!!
first most of the weiners buying new camaros or mustangs (especially V6 converts) are trying to buy their 15 minutes of fame (yet they all want 15 years)
Second, it is so easy for weiners to credit so buy the "flash", the "in thing" the bank will lend them $40k for a V6 **** box but not $1,000 for a classic.
third, weiners are weiners give it 5 years when all the weiners have a new wannbe performance car then fad will be to have an old car. Many ( not all) weiners judt want "hey! look at me"...... what ever get them there.
fourth, the big money will be selling our REAL cars to the up and coming turd world yuppies.
5th, be thankful you did not buy a POS import. they lose value faster than used toilet paper.
and lastly....I heard they appraise imports now at $90 / ton
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Fords Rule ! If it ain't designed and manufactured in North America it sucks ! I don't do rice, pasta, fish and chips, sauerkraut, Ikea or other third world motor vehicle !
not only the price market push the young ones away from buying classic I seen cruise night where the younger one were told we don t want your tuner close to our classic , kill the young guy interest in car and now complain ??????????????
Yes , so the buyers of those cars ( 40's -50's -60's ), in most cases , won't be 20 year olds . If they want an "older fun car " it will probably be 70's-80's .
Just for the conversation , I'm also into model railroading and have been since I was 10 . There are many parallels in that the hobby has a difficult time attracting young people too. Open houses bring the parents and the kids and the parents ( fathers ) seem more interested than the kids . Any young people that do get involved want ready-to-run items rather than learning how to build things which , to me , was all the fun . It's a changed world and we might as well enjoy ourselves with our cars since there won't be many people to pass the torch to ..........they'll be the ones selling off estates for pennies on the dollar !
My friends 3 daughters asked him which of the 5 cars was the most expensive, so they knew which one to "unload" 1st if anything happens to him!!! made him feel 'real' good knowing that none of them will keep them after he's gone!!!!
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I can only please one person a day, Today is not your day!!Tomorrow doesn't look good either !!!!
also just for conversation....Why was it in the muscle car era (I was a baby and not there) that the kids were working at gas stations etc and then going out and buying "new Camaro's, Mustangs and Mopars". This was what they did and then some of the Hot Rodding types would race them. They wanted high horse power Muscle car. But a young guy goes and buys a new Camaro, Mustang or Mopar nowdays and he is critized for doing so? A buddy of mine who used to have a Dart that required constant tuning etc just recently bought and is racing on Friday test and tune night a newer Mustang. The car is running 12.66 on Radial Slicks and with a Magnifow exhaust. The car gets decent mileage and has air and a bunch of creature comforts. I can almost guarantee that your not going to find more than a handful of cars on this site that could run with him. But maybe that's the problem...we used to hate the late 80's 5.0 Mustangs because they were so fast and anybody could own one for cheap. We had to build a stout car to run with them. Just asking. Everyone is entitled to there opinion and there choice in cars,
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slab----67 chevy II 2dr post and 66 chevy II hardtop
The muscle car era that you refer to started probably about 1964 with the Mustang , Chevelle , Barracuda and grew rapidly with all the manufacturers getting into it .That was the beauty of the era in my opinion .....if you liked Pontiac , Buick , Olds , Merc , AMC , besides the usual Ford , Chevy ,Chrysler products , etc . there was a muscle car for you to buy .Cars were 3-4K range and there were no credit cards then ....bank loans were not easy to get for a car ( usually required money down ) and nobody I knew had mummy and daddy foot the bill . We all worked ....my payment was $75 / month for my new 1968 Mustang GT Fastback 302 4spd and I paid EVERY dime for the car . And the insurance , gas , upkeep .It was my third car ( the previous 2 were used and I paid for them too ) There were no handouts . Kids driving the muscle cars of today sure didn't pay the 40K PLUS for the car , and the insurance , or probably the gas .
Cars back then were still hands on motors and running gear . There were NO computerized cars , no fuel injection , no electronic ignition . If you wanted to go faster you had to learn things and get your hands dirty . Today they hook the car up to a computer and tune it from the drivers seat . It is what it is , but it's why I roll my eyes when a " rodder" shows up to a cruise in a brand new Mustang Coyote , or a new Hellcat .............
the muscle car era started with the model T.... (?) when "my car is faster than your car". we went out tonight and all but 3 of the 20 newer mustangs were the wife's car, 3 had manual transmissions.
the whole concept behind cruising and muscle cars is to go as fast as you can for as cheap as you can otherwise the guy with the most money apparently "wins"
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Fords Rule ! If it ain't designed and manufactured in North America it sucks ! I don't do rice, pasta, fish and chips, sauerkraut, Ikea or other third world motor vehicle !
There will always be the few who follow the road less travelled . I put on an average of 200 kilometres a day on a low dollar 57 and frankly don't give a crap what the market value of it is. Its not fast and its not pretty , I don't worry about it being stolen or smashed because it oh's me nothing .The best advice I ever gave my daughter was if I die don't claim the body they will be looking for money. Somethings only worth what someone is willing to pay so you may as well drive it or take the hit trying to sell.
I'm with Slim, I have no interest in the value of these vehicles. As far as I'm concerned if the bottom drops out all the better for me! Maybe then I can afford a model A coupe one day! I wanna drive it, it's not an investment for me.
I'm probably on the younger end of the scale for classics. I was 32 when I got my truck. If I'm correct I don't think most in their 20's are even allowed to insure a classic anyways. Don't you require 10 years driving experience to be allowed to insure one?
I'm with Slim, I have no interest in the value of these vehicles. As far as I'm concerned if the bottom drops out all the better for me! Maybe then I can afford a model A coupe one day! I wanna drive it, it's not an investment for me.
Don't you require 10 years driving experience to be allowed to insure one?
Yes.
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Reality; A test of Mind and Spirit And BODY. (`-`)
I'm with Slim, I have no interest in the value of these vehicles. As far as I'm concerned if the bottom drops out all the better for me! Maybe then I can afford a model A coupe one day! I wanna drive it, it's not an investment for me.
Don't you require 10 years driving experience to be allowed to insure one?
Yes.
I think that only apples to certain companies offering historic/ vintage insurance along with the rest of the hoops they want you jump through. If I remember right Ben was able to get it but Im not sure of the details.
So the way I see it from this 51 year old set of eyes is this. Years ago they started taking all the shop type classes out of high school in favour of cost savings. This lead to more computer space and sit down type learning. There was still some schools that had shops buy mostly for the "special" kids. Teaching turned into more of a process of I show you what to do and you do it. Much less try and see what happens. I notice this in my kids, if you give them a problem outside of the box they learned in they are lost. Parents that chose desk type jobs then raise kids the same way. Social media has become a way of talking instead of going over to Billy's house to see him. I see now that our government is trying to encourage young people to get into the skilled trades. Funny how this happens 25 years after taking skilled courses out of high schools. In many ways I still hear about any job that is hands on being somehow less of a career then a desk type job. I am a self employed carpenter and have lots of trouble finding any young person that wants to learn this career. All think that post secondary education will land you a high paying job and a life of getting others to do things for you.
As for younger people getting into hot rodding there are lots, most of them are building tuner type cars. Not my choice but these guys are putting together some very fast well handling cars. Not your choice but why not embrace them if that is what they want to do. At least they have an interest in cars. Lots of things have died over the years, farmers used to have plowing matches, the women used to have spinning and knitting competitions, etc. You can still find some of that but it is dying a slow death. That is life.
As for me I am just starting to build my first hot rod, learning lots and having fun. It wasn't until now that I could even afford to start something like this, family, house, bills, retirement planning and saving, the list goes on.
Embrace what you have, share it with others, invite others into your world, share the joy, be happy with what you have and above all don't complain about anything, people pick up on that and tend to walk away.
My two cents anyway.
The only thing I would add to this ^^^ is that in Ben's last semester of Auto shop the average mark was 50% kids were taking the class because they thought it was a no brainer mark for doing nothing. Ben had an excellent shop teacher who really cared about the kids and taught them well. (if they wanted to try and learn). Thanks Mr. Darling Ben is doing excellent because of your guidance and teaching.
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slab----67 chevy II 2dr post and 66 chevy II hardtop
What a well written piece Marten. I too couldn't find apprentices in the building trade as the older craftsmen retired. I have been ranting about apprenticeships for years and am so happy to see the governments stick their toe back in the water. Didn't it ever occur to anyone that portable jobs i.e. computer programming etc. could easily be moved off shore or was it that getting your hands dirty was no longer the Canadian way? Good on you Ben and all the other young people who have seen the light and are using the talents we were born with.
So the way I see it from this 51 year old set of eyes is this. Years ago they started taking all the shop type classes out of high school in favour of cost savings. This lead to more computer space and sit down type learning. There was still some schools that had shops buy mostly for the "special" kids. Teaching turned into more of a process of I show you what to do and you do it. Much less try and see what happens. I notice this in my kids, if you give them a problem outside of the box they learned in they are lost. Parents that chose desk type jobs then raise kids the same way. Social media has become a way of talking instead of going over to Billy's house to see him. I see now that our government is trying to encourage young people to get into the skilled trades. Funny how this happens 25 years after taking skilled courses out of high schools. In many ways I still hear about any job that is hands on being somehow less of a career then a desk type job. I am a self employed carpenter and have lots of trouble finding any young person that wants to learn this career. All think that post secondary education will land you a high paying job and a life of getting others to do things for you. As for younger people getting into hot rodding there are lots, most of them are building tuner type cars. Not my choice but these guys are putting together some very fast well handling cars. Not your choice but why not embrace them if that is what they want to do. At least they have an interest in cars. Lots of things have died over the years, farmers used to have plowing matches, the women used to have spinning and knitting competitions, etc. You can still find some of that but it is dying a slow death. That is life. As for me I am just starting to build my first hot rod, learning lots and having fun. It wasn't until now that I could even afford to start something like this, family, house, bills, retirement planning and saving, the list goes on. Embrace what you have, share it with others, invite others into your world, share the joy, be happy with what you have and above all don't complain about anything, people pick up on that and tend to walk away. My two cents anyway.
I bought a lot of machinery from the high schools in the early 90s. including all the machinery from a Cobourg school wood and steel. I agree it was a big mistake what they did from behind their desk. The people that changed the program more than likely do not know the difference from a screwdriver to a drill.
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Yes they are all crazzzy but me and you........... and I am not sure about you!!!!
I have met lots of people say 10-15 years younger then me that cannot so much as use a screw driver or hammer (or know what they are). That's OK though as I can make more money that way. If people could do even basic home repairs they could save them selves so much money. And it is all there after tax dollars so they need to make a few bucks to pay for me.
