I'm planning on purchasing a 1959 Cadillac and then selling it in the future to make a good profit. How much do you think it would be worth in the future? Do you think $10,000 would be enough to buy a 59 Caddy? Sources?|||your in the wrong business!
very very unlikly that you will make profit from any cars...
if you consider that if you purchase a car for 10k...lets say in 20 years its now worth 20k.
well you just paid 20yrs of insurance...maintnance...storage.. etc.. so your measly 10k over a 20 yr period doesnt look so good. if you sell lemonade outside for 0.50c over the next 20 years...you will make more profit that way.
i dont mean to offend you either...im just trying to show you..|||Well all the big cars that were not worth much 10 years ago are making comebacks as far as collector cars...Big convertibles,monster Chrysler's and yes they Cadillac line are now getting the respect they deserve...The only problem with these cars is the amount of chrome they have to restore,It,s expensive and very time consuming...Hey gotta love those big chrome ladden bombs!!!!Just hold on to that car,it may be years before the economy gets better for the market for your 59 will be worth selling...|||It depends what kind of Caddy. If it is old and in good shape and you keep it that way, than yes, it is a good idea. If it is some old, beat up, pice of ****, it's not a good deal.|||Here's one for $5,000
http://www.cars-on-line.com/42208.html|||You can check current selling prices at www.hemmings.com Hemmings Motor News is one of the best sources.|||do not sell a callica
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