Cars & Vehicles Car Buying & Selling & Rentals

Are Cars Investments or Junk?

There are many older Americans in our country who have invested in things over the years which they hold onto for one reason or another.
We may all have a grandparent, aunt, cousin, or friend who knows someone who many be considered a "hoarder".
The Greater and Greatest generations have seen our economy in the economic spoil we are experiencing now, and that may have been the very reason they decided to hold onto those things when everyone else said "get rid of it".
These investments may have been big or small, and if anyone has watched the TV show "Pickers" then they know these items aren't just junk! After all this time, an old sign or machinery that is no longer created or used is now suddenly antique and therefore, worth money! Much in the same way, there are cars sitting in driveways, yards and garages around the country and they have gotten quite a bit of notice.
If they are in good condition they are considered "classic" and may even take an annual drive to be shown off proudly at car shows by their owners.
If they are not in good shape, they may not run and have been deemed junk by everyone who sees them but their owners.
The junk car industry thrives off of these people.
Offering instant cash to remove these unsightly piles of rusty metal and flat tires.
To their owners, these cars hold memories, maybe it was a first car, or a car that they intended to fix but never did.
Whatever the reason, these cars sit.
When cars like these gain attention from cities it usually comes in the form of a citation.
City officials in many states have passed legislation stating that junk cars are not allowed to sit around as eyesores anymore.
Even cars that have been re-purposed fall under these laws and are being ordered to be removed.
Another incentive for a junk car owner to hold off on selling a car even to interested individuals who themselves may want to fix the car and drive it; is that they know they can get a few hundred dollars out of it and see it as an investment.
I know a man who held onto an older car and refused to sell it for years.
Turning down every offer he got, he waited because he did not need the money for the car but knew that he would.
As the economy got worse he knew he could count on that old car and when the time came, the tow truck towed it away and left the money in his hand.
Junk cars aren't always old and rusty, sometimes they are totaled, or re-called, flood or fire damaged, or just no longer in demand.
Whatever their condition and classification they are worth cars that people get cash for.

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