Where I live there are laws against leaving vehicles to rot in one's backyard or dumping them in the forest, mostly to prevent soil pollution and the junkyard appearance. I understand different countries have different sensitivities towards pollution and the environment.
But I'm really curious about the financial aspects of people buying cars and leaving them to rot for decades on their property. It seems to be quite frequent in the USA, see for example Hagerty's "Barn find hunter" show.
Among these cars are some that were wrecks when they were "stored", but there are also ones that were running and intact, but were simply abandoned. How come the owner decided to simply let a piece of property (some of them not cheap! exotic Italian cars and all) turn to dust?
I understand that buying cars, especially exotic or rare ones, and storing them for the long term is a form of investment. But their values are orders of magnitude higher if they are in good condition. Most of the carcasses seen on this show have zero residual value.
So, what are the financial motivations of people who buy cars and leave them to rot?
Edit: one thing I might be overlooking is that in the mid-20th century America, cars were crazy abundant and not very reliable so they had a pretty low second-hand value. As such they were effectively already worthless when they were parked and abandoned by their owners.