I love Jay’s philosophy about cars as kinetic art. He buys what he likes, pays a fair price and never sells. Truly a legend whose car collection is not about horsepower and speed but a deep passion and love for preserving yesterday’s cars. God bless you Jay.
Most important part of the interview @ 8:07, "buy something you like". And it doesn't matter what anybody else thinks because it's your car, it's your money, if you like it that's all that counts.
100% a class act. I watch his JLG channel and he always is doing wonderful things for us nobody's. He's a very humble guy that truly cares about other people.
When you make 30 million a year, put that money in the bank and live off the millions you make from the stand up gig, you never have to sell any of your cars to buy another one. Jay took a 15 million a year cut in pay just to keep his full crew on the job. He's the most un-greediest man in America. God bless him.
Greg, that's the case in almost EVERY other collection. The cars are essentially planters on display. I once heard that Ralph Lipschitz, sorry, Lauren, said the same thing, but I know for a fact that it not only isn't true but he hardly operates his "collection" at all....the only other place I've heard this where I believed it was with the Bardinon collection, where it even extended to his ex-Ford France Ford MK. II.....
Jay doesn’t collect them to hopefully someday cash in....he collects them because he truly loves cars....most collections start out that way, but eventually evolve into something akin to “hoarding”. My grandpa collected and restored old cars for 25 years and seldom drove any of them. It was a hobby rather than a love affair. Most of them wouldn’t run when he finally sold them off before he passed away....sadly.
@@cutl00senc Know what you mean. I have 9 motorcycles, 1977-1998, and all of them (except the one being restored) run and are ridden regularly. That's the good thing about classic motorcycles...you can afford to have a few and not price yourself into the ground. Any one of the classic cars I'd like to have would cost me more annually than all the bikes...
So cool! My son at 17 got into cars and at 20 has a classic car that he works on and just loves it. Love seeing him go to car shows and having people talk to him. Such a cool hobby.
Feeling even better than usual after spotting a '67 Camaro SS at 3:02 sitting among all that exotica. Hey Jay, we're First Gen Camaro buddies, let's cruise.
He has another huge warehouse for his money barrels! Seriously, he always lived beneath his means and saved, to be able to have this hobby later in life.
John @ VVG ! With your time invested into the Great Pumpkin didn't you , device some kind of contractual agreement ? Like you , do what you've shown us on RU-vid , and come up with a price , that you , find worthy along with the boss (the wifey) because I've been following your channel from the beginning. It wouldn't be such a reach that the person you , did this for ante up like $1,200.00 for each month for a total of $14,400.00 all depending on the grand total of months . I think this is a fair shake ! A , body shop could get the job done sooner , but the price could even double ! What's your (wifey) got too say about my opinion ? LL KOOL RAY 😎 FRISCO
I love old cars. I bought and sold 1000. Not eeasy to do. I also didnt look at mileage because it doesnt matter. Check for rust and originality. Like Jay said buy it because you like it, not because you need a investment. I dont like new cars or hypercars etc. Those are no fun. Old cars have charm and history.
You don't be have to be a millionaire to buy a vintage car. If that's your passion, ,save by your money and start looking for the type of car that, you like, and can afford.
I wish the collection was open to the public. Maybe Jay can sell chances for a charity. Maybe the ten winners get a private tour, high donation gets to drive their favorite. Just an idea!!!
I'm glad Jay finally said it on miles. It drives me up a wall when people think a low mileage hunk of junk is better than a higher mileage car with impeccable maintenance and care. I guess it works for me, though, I'll buy the high mileage car and save a fortune and you can have all of the problems with a rustbucket.
Jay didn’t spend his money trying to look rich he just spent his money investing to become rich. Denim clothes were good enough for Jay. Besides denim lasts longer.
Nope. I remember looking in 2009, and they were all above my price range. Might’ve been cheaper then vs now, but still above my price range. I ended up buying a 1967 Triumph GT6 which was similarly designed. I like the styling better than the Zs, but the Japanese engineering versus the British can’t be beat. The Triumph even rose in value just as the Zs did, and I think Jay Leno did feature a Quaker State version on one of his shows.
Classic car shopping tips with Jay Leno. Step one have a shitton of cash like Jay Leno so as to be able to buy anything worthy of a collection. Step 2 if you haven't achieved step one work and save your money for the next 200 years or so. Good luck.
a lot of people use children as a means to extortion and self enrichment, but to truly nurture your offspring with the best instruction is expensive and worth it
Refreshing to see a girl that's slim. Most girls weigh twice what they should and are very out of shape. How does someone decide to go through life like that? In shape here, so I can talk
In 1974 my than girlfriend bought a Corvair that needed a tune up badly, it ran very poorly no power. I did a tuneup on it and wow ! Ralph Nader or not that car was impressive. With the turbo it had I could see how it would give Porches of the day competition.
@@BradfordtheEclectic I saw one in France in 1963 and I just loved the styling. It was interesting that after Citroen bought the ailing Panhard company that they took some of the styling into the SM and the CX. I have owned 2 x DS, 1 x SM and 1 x CX.
It's unfortunate Jay never ventured into car sales or dealerships. Granted, he's an enthusiast but, it would have been great to see him operate on a large-scale selling cars to the public. As a customer, you would know you were getting a good car at a competitive price.
My husband started building when we got married, he got his first car for our wedding, gifted to us by his brother. It cost $50. a 1955 olds hard top. He learned how to work on it by taking it apart and putting it back together. Then became a mechanic for 40 years, working for several dealerships in Milwaukee area. He then bought a 1927 model t bucket kit and made one of those, we had a fun time with it while it was being built. 1970 got a ford van from his brother with all windows around and made it show worthy, won 1st place in Milwaukee’s custom car show, sold it, found it in a field, they were using it as a chicken coupe. He vowed he would never sell another. 1973 he bought a body and all the parts of a 1934 ford, and put that together, 1976 bought a 1936 ford p u and put that together. 2008, our 49 anniversary, looking for a convertible, we bought a 1964 Pontiac Bonneville convertible. We still have those 4 and a 1983 GMC Suburban he fixed up. Bought and sold a lot of cars over the years but those are our babies. Cars are not worth the price you pay for them these days, it’s so great to have a little piece of the past beauty captured in our garage! Next to Johnny Carson, we watched you faithfully, loved your night show! We just celebrated 64 years marriage, feeling blessed✝️🙏♥️ We also belonged to the original car club, “Torque Twisters”, it was family orientated, so much fun.
Jay gets it, unfortunately the price and appreciation obsessed people who make car shows for the discovery channel don't - and they're actually ruining the hobby for true enthusiasts. If someone starts going on about what a car will sell for I switch off immediately. Its the history that matters, money is meaningless in the grand scheme of things...
Is the hobby for pleasure or investment? Because if it’s for an investment, you figure out what cars are currently 20yo. You pay a few thousand for a runner, and enjoy driving it for 5-10 years while restoring whatever you found fault with. But the time the vehicle is 30yo, it’s now worth more than what your paid for it, and hopefully what you put into it.
The dangers of investing in any sort of "collectable" art: 1) They are usually non-performing assets (unless you can rent them or charge to show them) 2) You have to house and maintain them at considerable cost. (something hoarders don't grok) 3) Something is only worth what someone else is willing to pay you or it. Value often drops with trends. Buying a collectable car, is like buying a single family home. It is a lifestyle expense, not usually an investment.
Important to note that Jay doesn't "invest" in cars for the profit purpose or to acquire the most valuable collection. He buys what he likes and finds interesting. This is a car enthusiast collections, not a investment collection. There are many more valuable collections but few so representative of the wide spectrum of automotive history and personal enjoyment. Of course those overlap quite a bit by the fact that interesting cars tend to end up valuable collector items. I like his one piece of advice, "Buy what you like, because it's likely others will too" , implying value comes naturally if you're a real enthusiast
Hello people, I am from Argentina, I have a 1967 Jaguar MK2, I would like to offer it to Mr. Jay Leno, if anyone knows how I can contact him I would appreciate it.
This video is deceptive. Everything Leno says about buying classic cars is true, but it's only true at the level Leno collects classic cars. By that I mean Leno has the lettuce to do anything he damn well pleases, and makes choices on emotion more than based on practical matters, such as can I afford to restore this thing? Those of us who collect at more practical levels are also emotionally involved, but we remember that the price we pay for a classic is just a down payment on the restoration.
How to Shop for a Classic Car with Jay Leno... Jay: I get my guys to take care of it.
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When asked how much space in his garage he has Jay took the path of humility and didn't mention he actually has another 10 storage buildings housing his collection.
If you knew nothing about shopping for a classic car before you watched this video, after watching it, you'd still know nothing; don't get me wrong, I think Jay is a down to earth, regular guy, especially for being a multi- millionaire,,,
So the car with a crackhead in a junk yard with 65.000 miles on it is worth more then the car with 347.000 miles crossing the USA for the seventeenth time ?
My neighbor is one of Jay's old racing buddies from early 1960s. We live up in the mountains fading away like a sunset. Never talks about it unless I ask.
It's unfortunate Jay never ventured into car sales or dealerships. Granted, he's an enthusiast but, it would have been great to see him operate on a large-scale selling cars to the public. As a customer, you would know you were getting a good car at a competitive price.
I once was selling a 55 international truck, and this guy come out to look at a 70-year-old vehicle, first thing he asks is how many miles on it? I say how many you want I can make it happen LOL
In my experience, unless you’re rich, forget having more than one. Get the car you want and put your full effort into it, or you’ll be putting out small fires constantly.
Owning a classic car is an investment. Certain classics only go up in value depending on condition. Plus depending on the make they require constant maintenance. The average blue collar American will never be able to own a classic.
The best place I can give anybody advice to find a reasonably priced car they're looking for number one have a list of about 10 cars you would like to have write down how much you want to spend then start going to local car shows first in your area then spread out to your state then neighboring states and if you're ready to buy and you got the money you're going to find more cars that you love you're just not going to have enough money to buy them all
...."cheaper than hookers and cocaine." Not so sure about that but at least you have something for the money spent besides a strange itch, and a drug habit.
I remember picking up a 12 year old Road & Track as a teenager and being FLOORED by how cheap the cars were in the classifieds "way back then". I've been collecting cars and bikes, wrenching on them, and saving them for the new people ever since. It's nice when you can make money doing something you would do anyway.
@@austinjunkman2449 I should have given examples like a Ferrari Daytona for $12k "needs work" in 1972. By 1984 that car was already close to $100k and today is closing in on $1M. From looking at historical prices I developed a bucket shaped curve that follows the life of a collectable car from new, to used, to ballistic and then started looking for cars in the bottom of the bucket. In 1984 I bought a low miles Ferrari Dino for $25k. In 1984 Dinos weren't really Ferraris and 308's were way faster, haha. I still have my slow little uncool 206 Dino.
@@BradfordtheEclectic Yes. There was a 2 liter version of the Dino. Pretty rare car.
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If you account for inflation most cars stay the same value or lose value. The cars usually end up costing much if you ad insurance, storage, renovation, repairs etc. If you invest the money it will probably increase more in 10, 20 or 30 years.
