Retro Reedman Motors Langhorne PA Superbird

[nascarxx29]

I was going into my 69- 70-newspaper archives trying to locate WINGR daytona which also sold from Reedmans.I compiled local area dealer car ads with wingcars and otrher muscle cars.Reedmans apparantely had a superbird for $2899


.

[Magnumcharger]

Lets see....At Barrett-Jackson, that car would likely fetch $120,000.
$2900 x 100% profit margin = $5800
$2900 x 1000% profit margin = $58,000
$2900 x 2000% profit margin = $116,000

Other than gold....it's gotta be one of the best investments of all time.

[hemigeno]

While it's certainly not a bad investment, it's perhaps not as good as you might think...  Consider this:

A $2,900 investment made today with a desired Future Value of $120,000 after 37 years would require the following annualized rates of return to make the target:

10.06% if the interest is compounded daily
10.10% if the interest is compounded monthly
10.59% if the interest is compounded annually.


Like I said, that is a decent return on the investment for 37 years, but not a record-setting pace by any stretch of the imagination.

[69_500]

Thanks for typing that out Gene, I was going through and trying to figure out what the percentage rate would be. But you beat me to it.

[wetfeetmi]

 Could you post the rest of the ad that was cut off?  I see many Fords and especially XKE Jags listed and was curious! Also there were some interesting Vettes. Thanks, Rick

[nascarxx29]

I will try and rescan it for you Rick .If you want to see a rare  ad.Ive got one for a ZL1 camaro 1 of 50 made with the all aluminum 427.From Penske motors Philadelphia PA .Thats what I call a rare one.I had for a long time compiled  these ads from actual dealers advertisements from newspaper and newspaper archives on microfilm at the library.

**Inactive Link Removed**

[nascarxx29]

[nascarxx29]

Well theres a few more winged investments

[Rolling_Thunder]

While it's certainly not a bad investment, it's perhaps not as good as you might think...  Consider this:

A $2,900 investment made today with a desired Future Value of $120,000 after 37 years would require the following annualized rates of return to make the target:

10.06% if the interest is compounded daily
10.10% if the interest is compounded monthly
10.59% if the interest is compounded annually.


Like I said, that is a decent return on the investment for 37 years, but not a record-setting pace by any stretch of the imagination.

Hey man...    you forgot to compound the interest contunially....     

[hemigeno]

[thread hijack]

Hey man...    you forgot to compound the interest contunially....     

I know it has been a few years since my last Finance class in college - and even though Finance & Banking is what my BSBA degree is in, I won't begin to say I remember much of what I was supposed to learn back then... but...

I'm drawing a total blank on what you're referring to as "continually compounding of interest".  For my calculations I used:

PV = 2,900
FV = 120,000
PMT = 0
N = 37 (compounded annually) or
N= 444 (compounded monthly) or
N= 13,320 (compounded daily)

Then, I solved for %I and multiplied by either 1, 12 or 360 to annualize the percentage rate.  This method does compound the interest (meaning that the interest earnings are "reinvested" and earn interest themselves), rather than calculating it as simple interest.  I will readily admit that I took out my trusty BA-54 and computed the percentages I had listed in my first reply on this subject.  To double-check my math, I just did a complete Excel spreadsheet to prepare a full amortization schedule for each of the three scenarios, (including for each of the 13,320 days in the 37 year daily compounding  ) and the initial interest rates are correct with the exception of the fact that you would need about 7 decimal places for the interest rate to end up with EXACTLY $120k.  What I listed will get you to within $200 of exactly $120k for each of the compounding scenarios I listed.  I can send you the spreadsheet if you'd like.

You'll have to show me how to compound continually, as I don't know how that would work with the payment periods or how to solve for the interest percentage.

Geno

[/thread hijack]

[Magnumcharger]

It would be interesting to see the comparison in gains on the gold market vs. the Superbird market over that same timeframe (1970 - present).

[nascarxx29]

I got another dealer ad for a six pack superbird.$3395 that sold from Don Horrow Motors Woodbury NJ.This car sold new in my town the ad mentioned stock# 2749.Which matched the paperwork I seen for RM23VOA167121 when I was going over this car from my town.I knew of and frequently worked on..He bought the car from another local guy in 1973 for $850.00.The first original purchasing owner turned the car back in to the dealer.For a more pratical car to travel out of town with .

[nascarxx29]

Then Don Horrow listed the car again same car and stock number$3850.I found changing prices on this car from time to time in the ads



**Inactive Link Removed**