Regarding BN's letter "Chevy chaste", I don't know whether the capital gains tax rules in the USA are different, but in the UK there is no capital gains tax on motorcars. If one wonders why, it's because losses and gains can be set against one another and since the majority of us lose money heavily on car ownership HMRC does not want to enter into an argument over CGT on classic cars and what constitutes a classic. Knowledge of this fact may spur more people to buy old cars, thereby improving the market for such things.