Reply to Are classic cars a better buy than late model used cars?

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[quote=Anonymous]My daughter in college  next spring needs a car. She has a budget on her own of 2-4k and we said we would match. I am looking on line and 4k to 8k used cars are a horror show. Like a 10 year old car with 100k miles with scratches and no warranty.

However, I day dream about a classic car and see corvettes, BMWs, Mercedes convertibles like 20-24 years old where prices are at pre pandemic prices.

I WFH and literally drive to Starbucks and CVS or maybe a play date drop off if wife busy.

I own a 2011 Cadillac with 32,000 miles that runs perfect. Would it be crazy just to buy myself a classic car and give her the Cadillac?

For instance in nextdoor I saw a 1991 Corvette Convertible and a 1993 Mercedes Convertible with each around 65k miles always garages for around 12k.

A 10 year old used Honda with 100k miles plus is 12k.

Since I have a garage and run errands I could use the classic car. She is drives back and forth to college and doing hospital work her junior year. She needs a car she can put 20k to 40k no problem. [/quote]

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