Re: We saw this car at Hershey

Posted by 55PackardGuy On 2009/4/29 17:13:52

I agree, to each his own. It's the buyer's money.

Looking at the fine print in the ad, though, why the H did they list the"Value Today" as $30,000 when their asking price was $55,000???

It looks like they're saying: "Hey, here's what it's worth, but if you're willing to pay $25 Grand more than it's worth, we'll take it! Thanks!

I know it's a very special car, with low miles etc., but how often do you pay almost double the "sticker" on any vehicle. A new Mercedes, like the one Lloyd mentioned, probably wouldn't depreciate by 50% as soon as you drove it off the lot (although some new cars do come pretty close to that).

Lloyd, I agree 100% with your logic: invest in an interesting car with the idea that the total expense would be comparable to a new car, and that you're likely get a decent payback on resale.

A "collector car" can thus be very reasonable transportation over the long haul. And much more pleasurable to drive than a cookie-cutter new car.

BTW, if the buyer was dickering right, he shouldn't have paid more than $42,500 IMO, midway between the "Value" price and the "Asking" price, with an initial counter-offer of $36,250.