Quote:
Originally Posted by Thor maine
... so from October 1980 to January2015 did I lose money or make money?? I don't know ...
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Run the numbers, it doesn't take a CPA to correct for inflation.
$11695
$2694
$300
$1900
$200
$400
$300
$980
$131
$525
$545
$3000 (misc parts & rebuild kits, you said "thousands" spent)
$2000 (Beals Autobody)
$1200 (legal fees)
Total in 1980 dollars = $25,870, let's say $25,000 to make it simple.
I sold the car for just under what Jeff CCX1985 said in post #16
Post #16:
if you sold you car for 9k more than we discussed you net upwards of $25k
So that means a $25K profit (or you sold for $50,000)? I don't think so but Jeff did say
net upwards of so I'll run with it.
$25,000 in 1980 = $75,961.21 in 2014
Annual Inflation: 3.32%
Total Inflation: 203.84%
Calculate the value of $25000 in 1980 - Inflation on 25000 dollars - DollarTimes.com
This means you took an "inflation corrected" $25,961.21 loss if you sold your chevy powered cobra for $50,000. Of course only you and your hairdresser know for sure what it sold for, but it's pretty clear inflation will eat you alive over time.
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