Rick Schmidt – Ask Rick:
It is February and time for another riveting Ask Rick segment where I ask him the tough questions! Happy Valentines Day, and don’t forget to get something nice for your wife and remind her that you love her above all others!
Rick’s Take on MECUM Kissimmee 2024:
MECUM Kissimmee has just wrapped up and it was a record breaking year at the flagship event. The Top Ten price vehicles topped tens of millions of dollars with one even being purchased by the auctions owner. Ferraris priced out in the stratosphere with forty two of the Italian racers crossing the block altogether. There were a few muscle cars in the high end mix including a top dollar 1970 Hemi ‘Cuda Convertible. In classic Rick fashion, he knew that was a Peter Klutt car, who restored and then maintained the bright yellow drop top at his restoration shop in Canada. The ‘Cuda was king of the high dollar muscle at the event bringing in a whopping $2.14 million dollars. MECUM has come a long way and has really upped their game from the early days of selling dad’s old Buick that was driven to work and now to selling one off cars for prices that are not even comprehendible to the major portion of automotive enthusiasts.
Rick’s Take on Buying a Future Classic Now:
I gave Rick the list of the top ten vehicles selling on the market now. These are new or very low mile newer cars that very well could be high dollar sales in 2034 if stored and cared for properly. I wanted to know which he would stash away and keep for a rainy day like a few people did back in the 60’s and 70’s. The answer was, “none of them”, but if he really had to it would be something like a Jeep Cherokee, highly optioned and a special edition of some sort. Rick said that he has all of the cars he wants and there is no need to collect anymore. It would have to be a very special car at an even more special price and that would not be anything newer than the 1980s.
Ricks Take On Auction Cars – Best Return on Investment:
With Mecum Results in mind…..which of these cars would Rick buy, hold until next Jan, and sell with a gain? The goal is the best ROI….not the most cash. Rick said that his dad always made the most money on the cheap cars as they had a larger head room for profits. Even when he bought a nice car at a great deal he still would make less return than if he bought a cheap one and did the basic clean up fix up treatment. Out of the list of cars I sent Rick, he picked the Riviera as it had the potential for the most return at sale time.
Dallas Kibbe Need A $10K Car: Going Practical In the Midwest Rust Belt Options
We are finally narrowing the car search down to potentially a Porsche and a winter beater. Iowa winters last five months so to have a nice older vehicle and not destroy it requires having a second car but that is the price we are willing to pay.
(NOTE – After this show was recorded – we DID purchase this white 944! Listen in for a full rundown of the stress of buying a car sight unseen!)