Have you ever thought...........

Discussion in 'The Bench' started by Mark Demko, May 23, 2020.

  1. Mark Demko

    Mark Demko Well-Known Member

    Have any of you ever considered or thought who will get your Buick/s after you pass?
    Will you decide to sell before you get too old to enjoy it or just hold on to it for a keepsake?
    I often think "this some bitch will outlast me!"
    I myself think I'll never sell, yeah the money would be nice, but the enjoyment from "fast cash" would be short lived, verses the continued enjoyment from my two Buicks, even tho I've had my GS 35 years, and my GN 21 years.
    I truly believe its the history and memories I have with both vehicles, especially my GS:D
     
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  2. Golden Oldie 65

    Golden Oldie 65 Well-Known Member

    That's a tough one, and there are variables. Personally, I'd like to think I'll never sell either of mine but I am also a realist, I know that the day will likely come where I might lose the ability to enjoy them the way I do now. I guess I'll cross that bridge when I come to it. As far as handing them down to the kids, I can't see that happening. I probably shouldn't say things like this but my son turned out to be a sissy and we keep getting further apart. We haven't spoken in 3 years. He drives a Honda Fit and he couldn't care less about my old cars. Or about me, but I honestly don't have a problem with that. I doubt if he'd even be able to figure out how to start either of them anyway. Our daughter would like to have them but I can't see that happening either. We have two grandsons. One is autistic so I'll guess a no on him. The youngest, well, that would be a maybe depending on how he turns out. He's only 7 now. Our daughter's boyfriend would absolutely love to have them, and he's a great guy and I'd love for him to end up with them but he's got MD and that's something that doesn't go away. Most likely he will no longer be able to drive anymore by the time I'm gone. My wife has so many health issues that it seems logical that she will die first, and as painful as that would be for me, I sincerely hope she does so that she doesn't have to face life without me. If it turns out the other way around, well, she can sell the cars and use the money for other things she may need in the future.
     
    Last edited: May 23, 2020
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  3. jmos4

    jmos4 Well-Known Member

    Hi,

    This subject seems to be coming up a lot lately.

    If you have a kid who's interested in the cars then it's a no brainer. If not all depends upon your health and financial needs.

    I recently had a friend, mid-70's, who had 4 Buicks and a bunch of Harley's, when he got to the point where he couldn't ride bikes, he started to sell them, but his health went quicker than he thought, his daughter ended up putting him in a home and selling his collection at a auction about 6 months before he passed. Caused a lot of friction between him and his daughter. Personally think she should have waited till after he was gone.

    I personally will keep things and write down a few contacts for my wife and stepdaughters to help assist them on values on things, as have quite the parts collection, after that, auction away, if the kids want something bid away. That way no one can complain, and then they can split the proceeds.

    Regards,
     
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  4. wildcatsrule

    wildcatsrule Well-Known Member

    I think about this quite often. My dilemma is that I have no kids and obviously by extension no grandkids. I've thought about donating to the Buick Heritage Alliance or the Sloan Museum.
    Or maybe having cars auctioned off with the proceeds going to charity.
     
  5. JoeBlog

    JoeBlog Platinum Level Contributor

    I told my 2 sons that my first grandchild would inherit my Wildcat. It didn’t start the breeding war I’d hoped for, though. Eventually, I was a proud grandad, and my grandson will be it’s owner when he is older. Oh, by the way, I now have 4 grandkids, so maybe they’ll be able to cruise in it together one day.
     
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  6. Brad Conley

    Brad Conley RIP Staff Member

    Already resolved in our trust. Each kid gets one "special" car and then divided up...there's 26 to get through.
     
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  7. gs66

    gs66 Silver Level contributor

    One of my sons is in to cars and it’s starting to look like the two grandsons and even our granddaughter will be into cars. Ours are also put into a trust but if the kids’ interest wanes we can sell them and spend the money ourselves. I always figure if they’re going to sell them anyway then I might as well do that and enjoy the money. None of us are getting any younger.
     
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  8. Dwayne B

    Dwayne B Well-Known Member

    My son really likes old cars,I have several. I told my wife if something was to happen to me to give him or my daughter's there pick.I told her to definitely give my GS to one of them ,I've had that car when I was in high school and my grandpa's 70 chevy c10 that means A lot to me.
     
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  9. yachtsmanbill

    yachtsmanbill Well-Known Member

    Ya know Bill, yer like a carpenter with a 20 oz. framing hammer that can drive a 16P nail with one swing. Pat and I (not being married and her not having a pot to piss in) has her name on all the toys with the "OR" caveat on the title. The names are Bill OR Pat, so that in the event of ones demise first, theres no issue regarding ownership. The stupid toys are in my will to a few old pals and even their sons. If I go, Pats got the yacht, the two Buicks, and the motorcycle. She swears she'd keep the XGS forever LOL. Tons of tools, shop equipment etc can be dealt with however. I have a pal here that will guide her through the value. Its gonna be a helluva man sale for sure! Since she's already a widow (hence the SS and his pension) she'll get by. I 'd hate to see her deal with it, but I'll be done at about 900F for an hour so it wont much matter. If she goes first, Im SKEWED. She handles all the books. That whole issue revolves around trust.

    Since I am the end of the bloodline she can do what ever she wants; just so she's comfy. Six kids and a lousy life? She deserves that much at least. I cant tell any of you guys what to do, but I am glad that Mark raised the question. All of a sudden we're gonna be in a nursing home (sooner than later for most here!) so at least try to plan ahead. If youve got kids and you put a half a mil into them each so they can play pacman? Let yer conscience be your guide. I have an older brother that I am estranged from since my dad died in 1980. I left him exactly $5.00 in my will. The lawyer was instructed to issue him a check with these words... "The last laugh is still the best". End of story. ws 1955 - ????
     
  10. rmstg2

    rmstg2 Gold Level Contributor

    No big collection here any more, I have two sons who are gear heads and one who isn't! So I think it would be best if I sold the 53 and let them divide the proceeds if there is any left when I'm gone, or I should say after the wife and I are gone. My wife is my sole beneficiary, and I'm hers!

    Bob H.
     
  11. 71stagegs

    71stagegs bpg member #1417

    Nobody wants these cars but us I wont be in the ground A day and my sons will sell it for a new vette hahahahaha
     
  12. CJay

    CJay Supercar owner Staff Member

    All my stuff is going to go into a 30 year dumpster when I kick off and my cars will probably be put out for garbage night
     
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  13. gstewart

    gstewart Well-Known Member

    At this point in time, I am not ready to sell. However, my son is not interested in my GS but my grandson is. But he lives in the Toronto area and would not be old enough to get insurance. Therefore, in a couple of years, i will attempt to sell my car. So far this year, there appear to be only a couple of sites will be having a car show later in the summer. I will just continue to go for a drive once or twice a week. No cruse-ins either. Covid-19!
     
  14. Hawken

    Hawken Hawken

    TWENTY-SIX kids!!! Wow!:D
     
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  15. skylark

    skylark Well-Known Member

    I've got it planned for a couple scenarios. If I die young, my sister in law gets my 70 and my brother gets all the others. If actually get old, my nieces will get them all. They both dig old cars.
     
  16. telriv

    telriv Founders Club Member

    I'm sure Brad also means his grand children
     
  17. pbr400

    pbr400 68GS400

    Like Model Ts, antique china, furniture and model trains, our cars are going to age out of their prime values. If you have someone who will want them, promise them to them now and put it in a will. (And make a will!!!! A lot of people put it off, croak quickly or with such drama that it gets overlooked, then the ‘oh craps’ start). Or sell them/gift them when you’re both alive. If you want to leave money instead, sell them as soon as you’re done enjoying them. Save the hassle for your heirs and invest the money. My .02;
    Patrick
     
  18. gsfred

    gsfred Founders Club Member

    Funny, I had this conversation with my financial guy in December. Talked about if it was the right time to thin the herd.
    As we get older we face our mortality, and try to decide What do you do with your cars. Mine are currently left to my kids in my will. My son is not a car person, my daughter has some attachment. I was finally starting to get my arms around selling what I have collected all these years. Took alot to say gee I will let that car go. Now with the Wuhan, I'm not sure if the values have been hurt. So I will monitor and then decide. Fortunately my cars are the more collectable Buicks. My GSX is a survivor, so will always have some value.
     
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  19. Chuck Bridges

    Chuck Bridges Well-Known Member

    I have a Granddaughter and a Grandson. I am hoping one of them will want the car. I plan on getting them to help work on and wash the car, you know, nurture that interest while they are young. So far, too young to start (Aria 2 year 10 months, Luke, 6 months). But, you can't start too young, can you?
     
    Last edited: May 24, 2020
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  20. Mister T

    Mister T Just truckin' around

    I have no wife or children either, so my estate will be liquidated and the proceeds distributed equally among my heirs.
    Sold my 65 GS's when getting in and out of them became a problem due to bad knees. Sold the Mustang GT for the same reason. Only have my Navigator left to drive.
     
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