Build a Bigger Grarage or Sell a couple cars ?

[NorCam]

Congrats on an early exit from the grind Jeff.

While in different boots, going through some changes up here too and that left me wondering what to do with all my stuff. Sold the house with the 6 bays of garage, and bought another with only two bays. I know right...what the hell was I thinking? Obviously room was going to be an issue and atop that I just bought a new car trailer. (have you seen the price of trailers now days) So, I looked at buying a business condo, looked at other options and settled on renting a cheap little W/H bay at 1000 square feet which solved all my storage concerns. Short term lease and cheap at $650 a month to store my junk.

Maybe look at a short term lease of a small bay and then see what you want to do with the 4 cars as time moves along. At least they'll be under your own control. Maybe you sell one, keep three and stick a lift in your two bay garage to squeeze them in together? Sounds like your having fun no matter the storage concerns? Again...glad to hear you're having fun.

[GrumpyJeff]

Lots of great thoughts from you guys ! Adding to the resale value or marketability of my home is not really a concern, as i plan to be here for as long as possible. I don't really have any other interest or hobbies. So i believe i would regret selling the cars more than spending the money to build ? I tend to over think everything ,especially financial stuff. As said ,We don't know where the collector car thing will be in 10/15 years from now? but i'm not sure i really care ? Having everything under one roof would just make what i love to do even that much more enjoyable. Probably just not the best time to be building because of the cost that's for sure...

[GMC_Typhoon]

Originally Posted by GrumpyJeff

Lots of great thoughts from you guys ! Adding to the resale value or marketability of my home is not really a concern, as i plan to be here for as long as possible. I don't really have any other interest or hobbies. So i believe i would regret selling the cars more than spending the money to build ? I tend to over think everything ,especially financial stuff. As said ,We don't know where the collector car thing will be in 10/15 years from now? but i'm not sure i really care ? Having everything under one roof would just make what i love to do even that much more enjoyable. Probably just not the best time to be building because of the cost that's for sure...

Yes you would regret selling your cars. You can't unring a bell. Seems to me like you already know what you want to do. I do understand that cars are just stuff, but sometimes they are irreplaceable.

[EZ Nova]

Grimpy, if you are thinking about keeping your cars, and you can afford building, then just do it and build. There is litterally no down side to building onto your place.

At this time I have 4 cars. I have 2 car garage at house, so 1 there, and own rental stuff where my single unit will hold 6 plus work space. I like having options and I doing what I want with my stuff.

Go for it buildon. You won't regret it. Now selling off and downsizing?? I can see regrets and seen it happen before.

[napa68]

I think you'll find when everything is at home, you tend to appreciate the cars even more. One of the things I enjoy most about my building at home (aside from having my cars in one spot), is the things I have collected for memorabilia.

In short, it's my happy place. You cannot put a price on that

[turbo69bird]

Anyone remember when muscle cars had PEAKED in value in the 80s and they’d never be worth that money again? What happened there? I’d say right now the euro trash (as we affectionately call them) is at a peak. Muscle cars are in a valley. Only time will tell what it brings when the whole world goes electric. (Assuming that happens) remember the 70s when muscle cars weren’t worth squat people were offing them and a 62 vette was $400 to $1800 people were standing in line for gas on odd and even days and solar panels were going on roofs all over America? What happened with that? It’s hard to judge what tomorrows markets will bring
Think of the cars you may have sold and what they’d be worth today? Now think of what a new car cost is today? A model X Tesla tri motor is $165k well optioned. Again hard to say because that car will run a 9.90 new from the factory. And a muscle car ran 14s We know our cars will become more and more rare as some people decide to drive and enjoy them and use them up. Only question that remains is will they be desirable still? Rare isn’t what matters, it has to be coupled with desire. So to answer your question. Do what you enjoy and worry about the money as a secondary because there’s no way to know for sure.

[Lynn]

Quit posting all this logical chit. You guys are making me feel like a moron..... and old... I am pushing 70. Reality is starting to set in, and I don't even have my dream garage / storage facility done yet. Lord, I hope I live long enough to enjoy it.

[CamaroNOS]

Originally Posted by Lynn

Quit posting all this logical chit. You guys are making me feel like a moron..... and old... I am pushing 70. Reality is starting to set in, and I don't even have my dream garage / storage facility done yet. Lord, I hope I live long enough to enjoy it.

I hear ya.....sorry to make ya feel bad. That was not my intention.

Go borrow $125,000 and build the "best damn garage in town" as Grumpy would say. Mortgage it over 50 years and and you will be the smartest one of us all.

Just make sure you invite us all down for a nice cold beer when you have your grand opening shin dig.

Paul

[Lynn]

Purely tongue in cheek. Your self evaluation is nothing but good. I would be glad to host a shindig here in Guthrie, "Murca" when I get this shop done. I bet my buddy at Short's automotive would co-host. He is in the original Chevy dealer location (Austin Chevrolet). One of the members here has a car that was originally sold from that dealership. There is a pic of it on the wall in the showroom (which is now a bicycle shop). The elder Mr. Short just recently passed. He worked in that garage right up to the end. His daily driver was a beautiful 69 Chevy, 283 PG car. He started working there in the 50s.

[turbo69bird]

If you have the room build a 30x40 pole barn and section off two spots, Rebt the rest to quality car guys but the space and have a little income from it and still have you cars with little to no headaches.