At today’s end an eighth of 2019 will already be gone. Carpe Diem!
Reader “David Banner” suggested writing about collector cars for “the average Joe/Jill.” I think that’s a good idea although defining “average” and “collector car” is subjective.
Today’s selections are from Hemmings and, as such, the listings belong to them. As today’s Frugal Friday is the first I am kind of winging it. If I continue the feature I will probably not rely solely on Hemmings.
For today I chose cars listed at between $9,000 and $10,000, inclusive, and cars that were made between 1989 and 2004. The criteria are arbitrary, I admit. That reminds of me what I used to say about salary arbitration in baseball. Salary arbitration is well-named because the results are completely arbitrary. I also only included cars sold at US dealers and not by individuals as well as including only those ads with photos. I will try to avoid cars about which I have written before, but it is inevitable that some of them will be included. Without further ado:
Here is a 1991 Chevrolet Camaro RS:
It’s in Red Metallic over Gray and has only 56,000-ish miles. It’s not an overly powerful car; the engine is a 305 cubic-inch V-8 rated at 170 HP/255 LB-FT of torque, which is not a high output for a 3,300 pound car. It has a 4-speed automatic transmission. The asking price is $9,500.
About 101,000 Camaros were produced for the 1991 model year. I think if you want a nice driver with a little flair for not a lot of money you could do a lot worse than this car. ALL used cars come with risk.
A Jaguar for under $10,000?! Yep…
This gorgeous burgundy over beige 2001 Jaguar XK-8 coupe with about 56,000 miles is listed for $9,900. My wonderful wife had an XK-8 convertible and it was not without its issues, but they are beautiful cars and are nice GT cruisers. Bill Stephens, one of the hosts of Mecum Auto Auctions on NBCSN, has an XK-8 about which he speaks very highly.
This car has a 4-liter (244 cubic inches for the aforementioned Bill Stephens) V-8 engine rated at 290 HP/290 LB-FT of torque. The XK-8 has a five-speed automatic transmission. Even if you had to put $2,000-$4,000 into the car after purchase, you would still have a Jaguar that cost you less than $15,000.
Please let me know what you thought of the first Frugal Friday post.
Had to include a link to this CNBC article about Charlie Munger, Vice-Chairman of Berkshire Hathaway. The title is, “Charlie Munger says California, Connecticut have been ‘stupid’ for driving rich people away.”
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