There’s nothing that beats that “new car” smell — except if you accurately predict that your new car will smell like money in 40 years.
In the vast majority of cases, new vehicles are money losers, or a depreciating asset if you want a fancier term, for the buyer. However, there are a few vehicles that beat the odds and increase in value over time.
Case in point: the 1971 Plymouth Barracuda convertible. The ‘Cuda featured a drop top and a 426 Hemi all for $4,296 when it debuted more than 45 years ago. Now it’s valued at $2.5 million, a 58,000% increase in value over time, according to Black Book, which provides up-to-date pricing information for classic cars. (more…)