TMCP #552: Ask Rick – Is it Wise (or Possible) to Have Collector Cars as Your Retirement Investment?
It is September and football is back!!! It is also time for another riveting Ask Rick segment were I ask him the tough questions that not everyone wants to hear. As always Rick delivers sage advice and wisdom founded in years of buying and selling classic vehicles. When it comes to cars as investment, possibly a with a great ROI, Rick has strong opinions and advice here. Can it be done? Short answer; yes! Should it be done? Long answer……maybe.
As with all things, it depends what you understand and where you can make your gain on the purchase of the car initially. For Rick and his dad, their collection has immense value today of course, but every car in inventory was chosen for it’s specialness to the Schmidt’s not as a hedge on a great investment. They chose high quality low mile original cars and didn’t just stick to muscle cars. Their collection has many examples of unique rare American cars that have less than 1000 miles (think Rivieras, Eldorado’s, and Lincoln’s).. Some have interiors with the delivery plastic still in place! Others are beautifully restored treasures. Today, it’s paid off. Technically, it could payoff if they ever chose to sell….which they almost never do!
It is August and time for hot August nights and some of the greatest car shows ever! Thousands of people will dig out their cherished vehicles this month and attend massive gatherings such as the Woodward Dream Cruise. When you get that many people in once place accidents will happen and you need to make sure your insurance is correct. In this edition of Ask Rick, I inquire as to what insurance Rick uses and how he knows it will cover his needs. It’s a boring topic…but one we all need to get right more than ever.
It is July and and time for all of the great summertime activities like fireworks, trips to the beach, and summer car shows! This month the show went completely off the rails from what was planned but that is a great thing for YOU! We covers many great topics from best car detailing practices, to when is a great to to delegate work, and even touching on why the 1984 Toyota Celica GT is such a great car. Stay tuned and listen in as Rick speaks the truth in no uncertain terms about the topics you love to ask to hear.
TMCP #542: Ask Rick – Mecum ’23 Indy Auction Recap, What Sold, What Did Not, and Why You Need To Check The Paperwork!
It is June and finally the start of summer is upon us (technically it’s June 21st…but who’s counting). The recent Mecum auction ended with some very interesting surprises and apparently some gossip and fallout after the bidding was all done. I Asked Rick what he thought about the prices and investment quality of the offerings this year as well as his take on some cars that I was considering until the prices went up!
TMCP #541: Topher McGinnis – The Headlight Motor Man Can! Restoration for Hidden Headlights, Open to Close!
This week our guest was Topher McGinnis, otherwise known as the “Headlight Motor man.” He is the person in the vast world of “MOPAR hidden headlight restoration” and has found a unique way to service a very specific segment of the restoration industry. I didn’t ask him specifically about non MOPAR applications, but I’m sure he’d be willing to help give advice one way or the other!
TMCP #539: Ask Rick – Good (and Bad) NPD Sponsorships, The End of of the Challenger and Camaro, and Investment Cars!
May is here and car shows are starting up across the nation. Also Cinco de Mayo and Memorial day are around the corner and the official start of summer is near. I hope you have your car out or your project almost done to a point where you can drive it and enjoy the warmer weather. This time I decided to once again Ask Rick about six cars from two different categories. The first set of cars are of “pedigree”and have either a track record or history that makes them special. The other category is $10k starter cars that are ready to go out and make some summer memories. Ricks take on these is always clear and to the point.
TMCP #537: Ask Rick – Lessons Learned to Promote (or Dismiss) Employees; Plus an Easter Project Car Review Blowout!
April is here and Easter is upon us! For some of us, Spring brings on the need to get out our cars and get them ready for driving. For others it is the time to look for a project car to work on since it is now warm enough to spend hours in the garage or driveway bringing it back to life. This time I decided to Ask Rick about not just three but SIX cars to get his take on; 3 were crusty (but promising) restoration projects, and 3 were terrific (and affordable) examples of 3rd generation Pontiac Firebirds/Trans Ams that might be good fits for my son to take on. However, we started by addressing some thought listener questions on business: promoting and dismissing employees.
TMCP #534: Ask Rick – Gangster St Patty’s Day Mercs, Patenting Restoration Parts, and The Unintended Consequences of AI in Cars
Gangster St Patty’s Day Mercs, Patenting Restoration Parts, and The Unintended Consequences of AI in Cars
TMCP #532: Ask Rick! Playing the Value Game of Buying and Selling at Auctions (and Online) in 2023
K&F Show #249: Feature Interview with Tom Wopat, Car Movies in 2023, and National Parts Depot Presents Bernie (and the News)!
Presented with Holley! Christmas is over and it’s time to look forward to spring break. How about April 28-30 in Las Vegas at Holley LS Fest West?? If an LS based (or current generation LT V8) engine is powering your ride or if you are considering a swap to LS power, this is your event! Race cars, street rods, muscle cars, trucks, late models, drift cars, prerunners, Ultra 4 buggies – you name it, if it is powered by an LS/LT there will be something here for you! Just visit Holley.com to peruse and view for yourself and be SURE to tell them that we sent you!
Tom Wopat is here! With our man Corndog gone this week (to do “parenting” stuff) we knew we had to do something big….so we replaced him with Dukes of Hazzard legend Tom Wopat! Well….actually, we after last week’s show we realized that, like Corndog, Tom’s favorite seasons of the Dukes dated back to Season 1 as well for most of the same reasons. So, it seemed only fitting to replay his one and only appearance on our show from 2019 (Episode 102). Tom went from being a farm-kid in Wisconsin dreaming of playing for the Green Bay Packers, to being a lead on Broadway, becoming Luke Duke, and back to Broadway. There’s something for everyone in here – and plenty of Dukes insight as well!
National Parts Depot Presents: Bernie on the News: Also in this episode….the good people at National Parts Depot have to decided 2023 is the year to present the Award Winning Newsman Bernie McPartland in his (self-proclaimed) award winning news segment, Bernie On the News. As most of you know, NPD is the title sponsor of The MuscleCar Place Podcast and has been since 2011. Their immense support of TMCP as a show (and as a company) can’t be overshadowed. And now, the fact that they are presenting Bern in the drivers seat for the world to hear….is somewhat humbling. And by humbling, we mean frightening, terrifying, sickening, etc. Welcome, NPD (and Bern, don’t screw this up)!
Patreon Peeps, the year 20232 will be an important one for Patreon specifically, and if you’d consider jumping up to the $5 level it would sure help. The $10 level will remain and we now have a brand new $20 level as well! All members who join at that level will receive a sticker swag pack in the mail, you’ll be IMMEDIATELY entered in the monthly prize grab, and you’ll receive a phone call from one (or all) of us to chat up whatever you want for 30 minutes! Thank you SO MUCH to those of you who have joined in for the extra content that is only for Patreon supporters. To get in on the action and support the show with a minor financial contribution just click the link below to sign up. http://www.patreon.com/kfshow.
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