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Gather 'round, childrens! John "buy PTON @30" Flynt is giving you more great financial advice.
Spend $40k on a luxury car because it could be worth $50,000 in five years. Forget about maintenance, insurance, and inflation. Your elderly chinaperson husband will cover those costs and only poors care about inflation. It is pure profit! The unrealized gains will be more than enough for your husband to buy you another pinball machine, which is another investment!
I’ve got more than a little experience with classic cars. I have my great grandfather’s 1950 Plymouth and a 1961 Buick Convertible.
They’re a lot of fun but they take a lot of work to be daily drivers. When a car is pushing 40 years old (as I think his Porsche is), things start going wrong. Alternators go bad, front suspension wears out, rear main seals leak, engine needs a rebuild etc.
And the problem is that you just can’t go to an auto parts store and buy a new one because the parts are likely not stocked and if they are, the part is likely crap (I had 5 starters in my Buick over the course of a month because Autozone can’t rebuild a starter to save their lives).
Hell it was grounded for another month because the hood hinge was bad and it’s a 1 year car and I had to just start cold calling junkyards in hopes of finding one.
You need a new wheel cylinder for a 50 Plymouth, that’s a week lead time because you have to order it from a guy in Massachusetts.
For toy cars, that’s ok. I understood what these cars were when I bought them and I’m ok with it.
However, if that’s my daily driver (which the Plymouth was for a brief bit after my daily got totaled in an accident) the eccentricities that come baked into these cars can be a big deal. That alternator shits the bed on Tuesday night, you’re staying up late to get it fixed so you can make the drive in to work the next day. The starter takes a shit, you better park on a hill because the old one has to get rebuilt (which takes a week) and you’re popping the clutch to start it.
Unlike John, some of us have to get to work in the morning and can’t rely on our closet case of a husband to provide us with multiple vehicles.
If I’m dropping $40k on a daily driver, I expect it to run because if it doesn’t, I can’t get to work. (And $40k is a lot of money for the average Joe. My daily is a Jeep Gladiator and that’s the most expensive car I’ve ever owned… and I’m middle aged). I spent a lot of my teens and 20’s driving around in sub $10k shit boxes that had all the problems that come with classic cars without the price tag (but you could get parts off the shelf at O’Reilly’s).
Of course John is just a leach and doesn’t have to work to afford his adolescentesque lifestyle, so sure, why not buy an antique foreign sports car.
