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Once again, it's time for the FNGT!

If you don't know how this works, . That link will take you to another site to give you some additional information and tell you about some of our off-site features. That's also the site where we will host the weekly guitar threads, should Poal go down.

NOTE: That site is by invitation only. If you want an invite, and you're a regular participant, then just ask Crazy, or myself.

If you do know what's going on, you probably don't need to click that link - but you may want to, to make sure you know of the other features, such as the archive or a separate forum that's invite only.

Remember, we are guests here on Poal. Let's act like it. If you're interested in supporting Poal, then .

**Once again, it's time for the FNGT!** If you don't know how this works, [click this link](https://fngt.gq/index.php?page=intro). That link will take you to another site to give you some additional information and tell you about some of our off-site features. That's also the site where we will host the weekly guitar threads, should Poal go down. **NOTE:** That site is by invitation only. If you want an invite, and you're a regular participant, then just ask Crazy, or myself. If you do know what's going on, you probably don't need to click that link - but you may want to, to make sure you know of the other features, such as the archive or a separate forum that's invite only. Remember, we are guests here on Poal. Let's act like it. If you're interested in supporting Poal, then [you can donate](https://poal.co/donate).

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[–] • 0 pt

That would be way more than I live on now!

If you can pay the capitol gains now on perceived value of the vehicle I would think that would really save you a whole lot of money in the long run over the actual sale price that you would get if and when you liquidate some of those vehicles. As the value of those vehicles is more than likely going to rise very much over what it is now. Especially if the inflation continues as it has lately. That 70K car could be a 100K car just a year from now. I don't think it will ever be worth less, at least as long as it is in the condition it currently is in.

I am assuming you paid the gains taxes now?

[–] • 0 pt

I paid the taxes on their approximate value at the time of purchase, rather than pay it later. If I happen to sell for less, then I get to write that off. Doing this kept my tax burden from being as high as it could have been. Had I just taken the money out and not invested it within the same fiscal year, I'd have paid a shitton of money. But, it works out a bit better as it's essentially moving money from one asset to the next. So, the burden is better than it could be.

[–] • 0 pt

It seems to me that you are still having to pay a shit ton of money!

But I saw on the Barrett Jackson auction they kept setting records for the highest price for this car or that car, I think the value will just continue to rise on those vehicle investments. It's not like they are making any more, and even if they do, they're not the same as the originals.

[–] • 0 pt

I paid low seven figures in taxes.

And, while I am a fan of Mecum, pretty much everything I buy will (if nothing else) ever be worth less than what I paid for it. When you buy a car at auction, it's almost never going to go down in collector value - unless you damage it or something.

Sometimes there are bubbles and I ignore those and try to avoid them. In those cases, the value will go down - but if you can wait it out the value will sooner or later get back. Like pickup trucks. Those were going for 70k and now they're back sub-30k. That was a bubble that I ignored.

But, pretty much everything I purchased is worth at least what I paid for it - usually a fair amount more, often quite a bit more.

For all my purchases, I'm actually pretty careful. I know the value of what I bid on, or can at least give an estimate of value. I then stick to a budget.