Hello, my name is Andrew. I’m from Montreal, Quebec, Canada where we have an abundance of delicious maple syrup and artisan beer.
I have an intense passion for sports cars. It all started on a trip to Costco (or Club Price as it was called then) when my father bought me my first model car; the iconic MK4 Toyota Supra. I found myself staring at that toy for hours, inspecting every square millimeter of detail.
I told myself that I would one day own that car and it was my dream car until 5 years ago when I found one and bought it. At $9000.00 a red right hand drive 1993 Toyota Supra MK4 imported from Japan was the perfect fit for me.
I live in Canada so there weren’t any issues with buying a right hand drive vehicle at the time. However, a year after I bought it the province of Quebec banned the registration of right hand drive vehicles. Cars that were registered before the law was passed could remain on the roads due to exceptional status.
This meant I could still drive my new Supra and also that it’s value would increase in my province as “legal” RHD vehicles got more scarce. The value increased so much that following the purchase date my insurance company sent an evaluator to assess to the value of my Supra. The evaluation came in at $14,500.00! I was already in the money.
I do all the maintenance work on this car myself and I keep it stored inside a heated garage during the winter months to maximize its value. Most cars lose value over time and are widely regarded as “money pits”. This is not the case for my car; which Toyota stopped producing in 2002.
Today, if you search the classifieds for this particular model you’d be lucky to find one selling in good condition for under $20,000.00. Do you have a car or other asset which is not known to commonly appreciate in value but does so anyway? Comment below with your story on how something you have and cherish appreciates in value.
