Preparing for the end.

[ronn]

sort of my point Keith

much adu about nothing. If you are wealthy, then you are the exception and already have everything in place.

[katy]

I'm 81 going for 100, when I get there I',m going for 200, I have a will and don't worry about "the end".

[ronn]

Katy,

interesting..... give us an idea of what Canadian law is on inheritance. would be interesting to know. I would also like to know how all of this goes "down under"....

no pun intended.

[clifforddward]

Comments about values over time are important considerations. I had a 68C back in the 1980s and I recently realized that now 30+ years later that same car would cost me less to acquire today....

[J Franklin]

Originally Posted by clifforddward

Comments about values over time are important considerations. I had a 68C back in the 1980s and I recently realized that now 30+ years later that same car would cost me less to acquire today....

I smell a little exaggeration, but then maybe not.

[katy]

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Originally Posted by ronn

Katy, interesting..... give us an idea of what Canadian law is on inheritance. would be interesting to know. I would also like to know how all of this goes "down under".... no pun intended.

All I know is that when my wife passed away a few years ago, we were co-owners of everything, estate, vehicles, chattel goods, etc. She had a will leaving everything to me and that I was executor of the estate. We were co-owners from the day we were married. I never heard from Revenue Canada about any tax owing.
I like to keep my mouth shut, as my dear old Dad told me: Just keep a smile on your face and your big mouth shut.

[ronn]

so Katy, somewhat similar to here in the US.

J franklin- I woulkd agree with clifford on some of that.....A 400s selling on BAT for 22k and 30k respectively. They couldnt have been bought that cheaply just 5 years ago.

While many of the basic cars are just holding their own, some of the expensive models have dropped ridiculously. which could be a good thing, if youre not selling.

[Gene F]

Originally Posted by ronn

so Katy, somewhat similar to here in the US.

J franklin- I woulkd agree with clifford on some of that.....A 400s selling on BAT for 22k and 30k respectively. They couldnt have been bought that cheaply just 5 years ago.

While many of the basic cars are just holding their own, some of the expensive models have dropped ridiculously. which could be a good thing, if youre not selling.

I can hardly believe how the prices of good "baby-birds" have dropped. Some of the expensive classics are likely next. The Packards are not always desirable to people that are turning 50 and up through about age 65. They seem to want muscle cars. Sure Packards won't be cheap, but I think their prices are going to start to drop.

[Mister Moose]

Originally Posted by Gene F

Sure Packards won't be cheap, but I think their prices are going to start to drop.

If so, I'd be happy to tool around in a 30's Packard roadster. Red please, with a camel top.

[Oldbluoval]

While many of the basic cars are just holding their own, some of the expensive models have dropped ridiculously. which could be a good thing, if youre not selling.

Yeah but…….these days with the cost of restoration (materials, labor, machine shop, plating..on and on) you’re going to be upside down in any Model A. It cost about as much, sometimes more, to restore a basic closed car (coupe, Tudor, Fordor) as a A400, 180a, cabriolet. Albeit the cabriolet is loaded with plating!
Of course the initial cost is more but more apt to recoup more dollars out of the rarer styles than the mass produced, large production basic body styles. Of late, I’ve seen basic well-restored coupes/tudors going for $10k ish; got to be 1/2 to 1/3 of invested cost
Imho

[ronn]

so moral of the story is to buy the best car you can......cheaper in the long run.

an old restoration can be much more affordable then a new one, at todays labor and materials rates.