Resale of a replica - Is it a good investment?

[Jim Colman]

And now for my take on the subject. Cal Metal had it right, the original owner usually takes a hit but the second and third owners can make out like bandits.

Timing is everything. I bought a used Midstates in 97'. The builder needed the cash and I had the money. I paid $27,500 for the car and that included him delivering it cross country to my front door. Two years later, I sold it. The reason I sold it doesn't matter, but I advertised it in September of '99 and sold it two weeks later for $29,500. Over the two years I owned it, I put about $2,000 in the car so I broke even. One of the reasons this car sold so quickly and for my asking price, was that I featured it in my video "Bitten by the Snake". The car received a lot of publicity from the video and that's why it sold so quickly.

Now, the question is, can you do the same thing?? I don't know. When I sold my car, the stock market was way up and people had money to burn. Not so in todays market. However, that doesn't mean that you will go broke when and if you ever sell the car. The key is to shop around for a good used quality car that the builder needs to unload. Let the builder take the hit. Don't rush into buying the first car you see. Take your time, do your homework and be patient. Your future car is out there.

Good luck.

Jim