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Old 08-29-2018, 06:17 PM   #17
zach
swinging for the fences
 
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Join Date: Oct 2003
Carmudgeonly Ride: 987, X7 M60i, e36 M3
Location: Boston, MA
Posts: 5,037
Quote:
Originally Posted by FC View Post
Crazy. But if you think about it, did the owner really make all that much money for that massive gamble? Cr could have been damaged, stolen, etc. and I doubt insurance would have paid anywhere nearly as much.

Put that $80k in an S&P 500 index fund and you beat the return (156% according to https://dqydj.com/sp-500-return-calculator/). To say nothing of the floor space, worrying and insurance spent all these years. Now there is the income tax to pay on the gain.

There was hardly any enjoyment either.

I keep thinking of buying a MB R129 in good condition. They seem to ave hit rock bottom. All MB SL's start to appreciate at some point.
My FIL still has his 2001 SL500 AMG package (30-40K miles). I find it extraordinarily boring.
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