Frugal Friday

At today’s end an eighth of 2019 will already be gone. Carpe Diem!

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From today’s Friday Funnies by 56packardman:

gas $1.39

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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.

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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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Monday Musings

I am still suffering adverse effects from the first dose of the Shingrix vaccine. As such, I do not have the same perspective I have when I am less encumbered by physical maladies.

Becky Quick of CNBC interviewed Warren Buffett, Charlie Munger and Bill Gates this morning. First, a politically incorrect remark: Becky Quick has great legs. Why it’s not OK to express that view but is OK to praise someone for being a great singer is beyond me. Both are products of genetics.

Quick asked her guests about Bitcoin. Here are two comments:

Buffett: Bitcoin is an asset that creates nothing.

Munger: Bitcoin is worthless, artificial gold.

Millennials will dismiss those remarks as being the thoughts of old fogeys. (Buffett is 87, Munger is 93.) However, automatically assuming that anything new, anything created while a person is young and “vital” is progress is also a prejudiced viewpoint. Most of us suffer from temporal arrogance, but many young people of today push the arrogance to new heights. Neither human beings nor their institutions are perfect; therefore, no creation or development is automatically good just because it’s new.

All three men opined that the world is a much better place now than it was, say, 100 years ago. Munger mentioned that cars of today are remarkable feats of engineering in that a car purchased new today can be driven for ten years without any major problems. Buffett and Gates said that the world was less violent, healthier and wealthier than in generations past.

I would like to add that, IMO, a significant reason why people don’t see or acknowledge progress is that it is not in the interest of politicians to acknowledge progress. If the world is better, then why do we need more government programs?

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A picture of a 1964 Corvette convertible I took this weekend at a monthly gathering “sponsored” by a local Corvette club. I LOVE C2 Corvettes. This was the only C2 at the show; most of the cars were C5, C6 or C7 models like the two blue Vettes parked next to the ’64. I grow more determined by the day to acquire a restomod C2 Corvette.