What type of vehicle do you have ??

I sold all bad debt items such as our Audi and BMW and bought a 1999 commodore for $6500-. We only have the one car and a scooter.I did this so I can invest more money in property for the next couple of years.This will allow more borrowing power and therefore bigger assets.I see this as a short term sacrifice for much better long term wealth.

Anyway,I love my little scooter and the commodore has heaps more room than the other two combined.

My tactic is definately working as I've been able to make some great buys in Sydney since selling.

We had a friend with the uncanny ability to acquire a car, and drive it for a few months or a year and then sell it for a few thousand extra dollars more than he bought it for.  He bought an old Suzuki 4WD short wheel base once and sold it six months later for nearly double what he paid for it after driving it fairly solidly, using it as a hunting vehicle and fitting some new shockies.  The nack though, was to buy a bargain.  He didn't sell overpriced cars, he just bought cheap ones.  I guess the same principle applies to property.  Can't imagine how much he could have made out of property if he used his clever buying in real estate!

Far out, if it's genuine it would be worth well into the 7 figure range given that Phase 3's have gone for high 6 figures, although the muscle car boom is now well and truly behind us.

There were only 4 Phase 4's produced from memory, and only one of them was a production car, the other 3 were race cars. I believe one of the race cars was destroyed leaving only 3. If it's red it will be one of the 2 remaining track cars, the only production P4 was green.

You would have to look into it's authenticity first before you got excited though, there are 10000 mock ups out there and being such a rare example, very few people would be able to label it as authentic without a great deal of research although 20k in the 70's was a substantial sum of money so you would hope that the buyer made sure it was the real deal! I had a mate who had a kitted VL Commodore and got very excited when Walkinshaws started fetching near 100k, an 'expert' had told him that to be a Walkie it simply had to have a Walkinshaw kit on it! And it wasn't even a complete kit! Was red (Walkies only came in Panorama Silver) and get this, it was an auto straight 6! He thought he was going to be rich lol, well i shouldn't laugh but that level of gullibility (is that even a word?) is pretty amusing!

Hi Bootlace, sounds like you know your cars. Yeah 20k back in the seventies was a load of money for a car.  Yes its definitely the real deal as he has had some serious offers but doesn't intend to sell. Very tightly locked away. Would look great in the National Museum. Who would 'nt love to take it for a spin? A few nice videos on You Tube as well. (not his) Thanks for the feedback.

Great thread! Though it has taken me some time to read through it!

Of all my siblings I was the only one to get my first car myself, each of them (3) were given decent cars bought FOR them. 

My first car was a 1980 Nissan Pulsar Hatch ($700 and hardly road worthy), then a 1997 Ford Laser Hatch (good car, got it cheap, ran well, but no aircon) that Hubby and I shared. Hubby bought a Jeep Wrangler new in 2006 through salary sacrafice.

My dream car had always been a '98 MX-5 convertable. I got that model in the colour I wanted approx 1.5yrs ago and I love it. So fuel efficient and prevents me from buying too much when I go shopping (as the boot is TINY!). Was the car I had to have before we start a family. Funny thing worth a mention is that someone stopped me in a car park last week and made an offer to buy it from me for the same price I paid for it!

Had hubby and I been interested/educated in Property Investing earlier on we probably would still have the Laser only, and have more properties – lesson learned!

But we get good use out of the cars and they give us no trouble so we are not gonna loose sleep over it.

That is a very good buy

me…an  68 astin martin db6……….no, not really………  but it is a car with 4 wheels…….its fantastic…. youd love it…

Update;

we still own the 1998 Musso and the 2000 Hyundai Accent.

getting closer to buying something newer, but these two are still running well.

Tough one; new(er) car(s), or new investment??

Our mindset is the R.K one; use the pos cashflow from the ivestment to fund the doodad. Our cars would be tax deductible these days as we have a business now, but cars – it's another expense.

I was driving a 1986 Toyota Cressida but it needed the front steering rack replaced $1000 and the Alternator $400 and the rear leaf springs are dicey. So I have $2000 of repairs for a car worth <$1000 So I have just lashed out an got a $5000 car a 1997 Magna while the other work car is a Falcon A series car $10,000. So no BMW however if you were to buy a second hand BMW you could pick on up for <$10,000 and still look like a rich person until someone gets jealous and scratches your BMW or lets all the tyres down. Saw this had been done on a Mercedes however it was a second hand mercedes but the unknown perps probably didn't think of this when they let down the tyres at my local shopping centre.

subaru liberty 2001