19 January 2016

Classic Classified: 1966 Oldsmobile Toronado

From: Hemmings Motor News
Date: March 1989
Price then: $6,500 ($12,400 adjusted for inflation, about the cost of a new 2016 Suzuki GSX-R600 Motorcycle today)
Price now: $10,900 - $40,700
Approximate dollar difference: $28,200 (assuming No, 1 condition)
Annual rate of return: 4.4%

Olds: 1966 Deluxe Toronado, 31,000 miles, stored 17 years, power: steering, brakes, door locks, windows, seats, antenna, cruise, climate control, tilt-telescopic, AM-FM Wondrbar, chrome wheels, cornering lights, new champaigne exterior, black interior, drives like new, $6,500

If you were in the market for a sporty luxury car in 1966, the Olds Toronado was a serious contender. It had all the bells and whistles of Cadillac but packed a big punch of a 425-cid big block V8 producing 385 HP (25 more than the top 4-4-2). The only detractor to some collectors is that the Toronado was front-wheel drive, even though Buick thoroughly developed the drivetrain and it worked very well. Today, the Toronado has more of a niche appeal, but has turned out as a steady long-term investment.

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