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Pebble Beach when the boomers die. rip
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Jul 23, 2020 10:58
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Memento posted:
Kind of sad that car will likely never see more than a couple more miles in it's life. It'll change hands every few years for increasingly stupid amounts of money. For 250k there's a lot of other cars I'd buy to drive and appreciate...like a M1 Procar  As angryrobots said the E30 M3 needs a track or mountain road to be appreciated, the S14 is not a good daily driver engine as it comes from the factory. If someone wants a E30 M3 to put some miles on my friend is selling this S54 swapped car - https://bringatrailer.com/listing/1988-bmw-m3-101/ NitroSpazzz fucked around with this message at 13:59 on Jul 23, 2020 |
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Jul 23, 2020 12:46
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um excuse me posted:Is the car a $250k experience or is it in the grasp of a collector at this point? I'd assume the latter, but I've never driven one so I can't say for sure. $250k can buy a shitload of car bliss, it would be a hard argument to the former. It's a collector, for sure. The value is in the low mileage - as soon as you drive it, the value drops. If you want one to drive, you don't need to spend that much.
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Jul 23, 2020 12:57
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BigPaddy posted:The cars as investments people are the worst but it smacks of Tulips where one day the only people turning up to auctions will be sellers as the bubble will have burst. I donno. Rich people will always exist. The first Shelby GT350 just sold for something like 3.2 million, making it the most expensive Mustang ever.
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Jul 23, 2020 13:03
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Didn't BMW take used E30 M3 blocks for their F1 program?
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Jul 23, 2020 14:01
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C-Bangin' it 
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No, was the earlier M10 blocks, to which the S14 is itself related.
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Jul 23, 2020 14:09
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BigPaddy posted:The cars as investments people are the worst but it smacks of Tulips where one day the only people turning up to auctions will be sellers as the bubble will have burst. There's no capital gains tax to pay on used cars. It's the same market as art. You could look at it like a very long game of hot potato, where eventually nobody will want what you're left holding for the price you paid for it, but in the mean time rich people will see a $250k investment that could earn them 20% tax free if they can sell it for $300k in a year or two.
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Jul 23, 2020 14:27
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Art has the added benefit of being able to be donated and taking the value of the piece as a tax write off. What happens is someone will buy a piece and then have it "valued" at some stupid price then donate it to a gallery and take the tax break. Doing that with cars is likely hard since there is a more limited number of them and less places to donate to.
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Jul 23, 2020 14:32
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Rich people ruin everything.
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Jul 23, 2020 14:38
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Dr.Smasher posted:I donno. Rich people will always exist. This really, one of my coworkers friends made it big in tech. He's only in his mid 30s but he's already built up an impressive collection including, related, an E30 M3.
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Jul 23, 2020 14:51
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MrOnBicycle posted:Rich people ruin everything. Agreed.
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Jul 23, 2020 15:52
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I mean the rich are the dummos who eat the initial depreciation of new cars, leaving just the actual value of the car for the rest of us. Can't live with em, can't live without em.
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Jul 23, 2020 15:56
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um excuse me posted:I mean the rich are the dummos who eat the initial depreciation of new cars, leaving just the actual value of the car for the rest of us. Can't live with em, can't live without em. Nah those people are just people who think they're rich. Happy for them to keep financing new cars though.
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Jul 23, 2020 16:09
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InitialDave posted:So it's a Desert Eagle then?  Steve French posted:
I love the license plate. Blacknose posted:Pebble Beach when the boomers die. rip Because I'm a huge nerd, the phrasing of this *immediately* brought to mind "Darmok and Jalad at Tanagra" (from Star Trek: The Next Generation, for non-nerds.)
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Jul 23, 2020 16:47
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Finger Prince posted:There's no capital gains tax to pay on used cars. It's the same market as art. You could look at it like a very long game of hot potato, where eventually nobody will want what you're left holding for the price you paid for it, but in the mean time rich people will see a $250k investment that could earn them 20% tax free if they can sell it for $300k in a year or two. This couldn’t be more wrong. Classic cars (and art) are subject to capital gain taxes.
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Jul 23, 2020 17:00
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TheMadMilkman posted:This couldn’t be more wrong. Classic cars (and art) are subject to capital gain taxes. Huh, well poo poo! There must be some tax advantage to doing it. Maybe some fiddle with listed personal property. I mean maaaaybe it's all on the up-and-up, but that would have to be a historical first.
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Jul 23, 2020 17:24
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My understanding is that if you use the profits from the sale to buy another vehicle, it's tax exempt.
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Jul 23, 2020 17:33
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Darchangel posted:Because I'm a huge nerd, the phrasing of this *immediately* brought to mind "Darmok and Jalad at Tanagra" (from Star Trek: The Next Generation, for non-nerds.)
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Jul 23, 2020 18:32
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Darchangel posted:Because I'm a huge nerd, the phrasing of this *immediately* brought to mind "Darmok and Jalad at Tanagra" (from Star Trek: The Next Generation, for non-nerds.) I'm glad someone appreciated it.
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Jul 23, 2020 19:06
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InitialDave posted:So it's a Desert Eagle then? 
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Jul 23, 2020 19:11
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Darchangel posted:Because I'm a huge nerd, the phrasing of this *immediately* brought to mind "Darmok and Jalad at Tanagra" (from Star Trek: The Next Generation, for non-nerds.) GET OUT OF MY HEAD
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Jul 23, 2020 20:11
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InitialDave posted:Shaka, when the value of the portfolio fell. Datsun and Jeep, at Barret Jackson.
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Jul 23, 2020 20:46
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wesleywillis posted:Datsun and Jeep, at Barret Jackson.
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Jul 23, 2020 20:56
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McTinkerson posted:My understanding is that if you use the profits from the sale to buy another vehicle, it's tax exempt. Was tax exempt. Apparently Trump’s tax bill removed like-kind exchanges for anything other than real property.
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Jul 23, 2020 20:57
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wesleywillis posted:Datsun and Jeep, at Barret Jackson. I appreciate these.
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Jul 23, 2020 21:05
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Leno, in his Garage.
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Jul 23, 2020 22:26
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Can an entire forums thread count as awesome? https://www.pistonheads.com/gassing/topic.asp?h=0&t=1601182 The intro summarizes it quite well: "Original IMS, original engine, original gearbox. Built for commuting across Europe and the top end of Africa at speed it can carry 96L of fuel, generate it's own 240V mains supply, has three GPS receivers and one GLONASS receiver, a sat phone, telemetry, remote diagnostics, it's own specific lightweight Facom tool kit & spares package, 48hour emergency food and water, holds 10L of engine oil, can wade 0.5M of water, has BS5051 spec seal sealing tyres along with TPMS, a lot of underbody protection and a Tomtom! It can also give quite a reasonable account of itself around a circuit and is capable of over 420 miles range at a 125mph cruise."
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Jul 24, 2020 00:30
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McTinkerson posted:Can an entire forums thread count as awesome? Retired smuggling vehicle, neat. Imagine how built (and stealthy) the current car must be!
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Jul 24, 2020 04:15
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I'm not sure this is better than the guy who replaced his Volvo 240's door open chime with a midi version of Toto's Africa, however.... https://twitter.com/therealKzero/status/1286418122585628673?s=19
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Jul 24, 2020 08:59
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Olympic Mathlete posted:I'm not sure this is better than the guy who replaced his Volvo 240's door open chime with a midi version of Toto's Africa, however....
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Jul 24, 2020 15:25
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boxen posted:GET OUT OF MY HEAD No. And I love the in kind follow-ups.
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Jul 24, 2020 17:55
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Diesel, his Charger totalled. Hamster, in the rocket. Clarkson, his supper late. May, in no particular rush. Ford and Ferrari, at LeMans. Lamborghini, his tractor scorned.
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Jul 25, 2020 05:21
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This guy makes beautiful little (cute!) scale models of cars. https://twitter.com/nekoworks01/status/973468117702557696?s=19 https://twitter.com/nekoworks01/status/1281491707528241153?s=19 They're tiny https://twitter.com/nekoworks01/status/1286804355127996417?s=19
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Jul 25, 2020 11:25
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A cool video about the development and deployment of the Kharkovchanka Antarctic exploration vehicles, very awesome car poo poo IMO: https://www.youtube.com/watch?v=f6R-h06IsJw
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Jul 25, 2020 12:04
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Pile Of Garbage posted:A cool video about the development and deployment of the Kharkovchanka Antarctic exploration vehicles, very awesome car poo poo IMO: Sadly this giant was lost to the icebergs
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Jul 25, 2020 19:15
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Anyone got a few hundred grand burning a hole in their pocket? McRae MG Metro Group B rally car goes to auction in Tasmania quote:A 1985 MG Metro 6R4 Group B rally car driven by Jimmy McRae – father of legendary rally driver Colin McRae – has surfaced at an auction house in Tasmania.
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Jul 26, 2020 13:12
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I have had a ride in a 205 T16 and can confirm any Group B car is worth the money for pure adrenaline production.
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Jul 26, 2020 19:47
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BigPaddy posted:I have had a ride in a 205 T16 and can confirm any Group B car is worth the money for pure adrenaline production. I am so loving jealous of you right now.
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Jul 27, 2020 02:50
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If something went wrong this would go in the the bad thread. https://i.imgur.com/5QyOUlP.mp4
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Jul 27, 2020 14:28
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Thought the guy was going into the building. I'm sure he "meant" to get close enough to curb it.
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Jul 27, 2020 14:46
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