I will do just fine. There are lots of vintage car afficionados who have
their entire lifes earnings in antique vehicles. Its more solid than mutual
funds and more liquid than real estate. Usually they buy and sell these cars
which is way more inefficient than doing all the work yourself. No matter
what the case, I am having too much fun to care.
----- Original Message -----
From: <dcvjrv@flashcom.net>
To: "Deve Krehbiel" <dkrehbiel@kscable.com>; "oletrucks"
<oletrucks@autox.team.net>
Sent: Saturday, April 22, 2000 11:00 PM
Subject: Re: [oletrucks] Show Trophys
> I'm sure glad that he thinks that his investment will turn a profit in 10
> years. I am sure that he is not an economics expert. And, just what will
> be the purchasing power of $40K in 10 or 15 years in today's money?
>
> Jim V.
>
> At 09:20 AM 4/23/00 Sunday -0500, Deve Krehbiel wrote:
> >I mean 15 thousand. But that includes some pretty expensive tools I didnt
> >have. There is about 10K in the truck itself and it isnt even close to
> >finished yet. Thats what it costs to do it right. I am not so much
worried
> >about the money.. its not as if I am rich or anything.. I am just at a
point
> >where I needed to replace a vehicle and rather than dropping $25K on a
new
> >Chevy truck, I bought tools and restored the 50 (as well as purchased a
> >running 49) for about $6,000 less. In the end, I will have a truck to
drive,
> >and a truck for its investment potential that will far exceed the price
of a
> >new truck.
> >
> >Heres the thing.. its whatever makes your boat float. For me, meticulous
> >attention to detail, exacting specifications, and seeing things through
are
> >really big kicks. Will I drive it when I am through? NO! Will it sit in a
> >hermetically sealed, dessicant chamber for the rest of its life?
Probably.
> >This particular truck is only one of many projects I intend to do. This
one
> >is special for its perfection, while the next project will be a daily
driver
> >that will be special for its modern ride, higher speed, and smoother
looks.
> >Its all about knowledge and what I dont know but intend to learn.
> >
> >It will be a trailer queen as much as I hate trailer queens. It will
really
> >belong in a museum with ropes around it to keep people away. Its to be a
> >pristine example of years gone by for anyone to appreciate. Its not
> >practical, makes no sense to own one like this because it takes up
valuable
> >space, and its expensive, but someday, someone will come along with a
check
> >large enough to take it home for themselves and the investment will then
be
> >worth it. Since it isnt my grandfathers truck and I have no personal
> >attachment to it other than the sweat (a little blood even) that went
into
> >it, the investment potential over a period of years is as good as money
in
> >the bank. Right now, these trucks are going for around $20K- $25K frame
up
> >restorations. I wont sell this one for less than 40. Someone will want
the
> >high quality and pay it. Maybe not for another 10 years, but it will go
for
> >much more than I paid. Meanwhile the learning experience is priceless.
And
> >believe me, I am having a real blast doing this! Thats really the measure
of
> >the truck.. how much fun you have rebuilding it. Also.... remains to be
seen
> >yet if I have the talent to learn how to do that good of a job. I am a
true
> >amatuer. But then again, I dont like to lose! :)
> >
> >Deve
> >50 3100
> >49 3600
> >www.speedprint.com/Deves50/index.html
> >
> >
> >----- Original Message -----
> >From: "Terry S. Glines" <ace0027@attglobal.net>
> >To: "oletrucks" <oletrucks@autox.team.net>
> >Sent: Saturday, April 22, 2000 7:58 PM
> >Subject: Re: [oletrucks] Show Trophys
> >
> >
> > > Deve,
> > > I just want to make sure we're talking about the same
numbers...when
> >you say
> > > 15K, you mean 15,000.00. Or 1500.00
> > >
> > > Terry & Ace
> > > http://www.milezone.com/terry
> > >
> > > Deve Krehbiel wrote:
> > >
> > > > Yeah! To date, I have roughly $15K in this truck already and have
done
> >at
> > > > least 90% of the work myself. Its still cheaper than a new truck
with no
> > > > personality, and since I am tore completely apart, why not set it up
to
> >show
> > > > quality standards?
> > >
> > > oletrucks is devoted to Chevy and GM trucks built between 1941 and
1959
> >
> >oletrucks is devoted to Chevy and GM trucks built between 1941 and 1959
>
oletrucks is devoted to Chevy and GM trucks built between 1941 and 1959
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