Quote:
patgreen wrote:
Friend of mine has a sixties Cadillac coupe deville. Nice condition for a driver; worth maybe $5,000.
Wife insists he sell it immediately, and accept no less than $10,000. Why 10,000? Because her father (in his 90s) once said that is what it's worth!!!!!!!!!!!!!!!
Any argument to the contrary is irrelevant.
I have a sore spot when it comes to trying to fairly buy a car or parts off of someone who doesn't understand value at all.
*Get's on soapbox*
I LOVE how everyone thinks their car is worth gold when they're selling and how it's not the best model and not worth anything and every little thing is wrong when they're buying.
Cars that are always popular and considered blue chip cars are even down now. 60s GTOs, 60s mustangs, camaros, firebirds. Any car that you thought before the recession was worth 30-60k (like a 69 gto judge four speed) suddenly starts going for $20k on ebay. Hell, used to be you could sell a SHELL of a 69 gto with title for 5k. That's a 1500 car now. You can get nice 60s driver mustangs with decent paint and in pretty fair condition for 5-7K now. Used to be no one would part with a decent mustang no matter what under 10-15.
I'm not saying that i'm wishing ill-will on car collectors; i'm one myself.
But i am kind of happy to see smug owners of high dollar collector cars that really are pricey for just names and not performance (you could build a 10 second lemans for the price of a common GTO in the 14s) get a little wake up call when things get tight and more important things like bills and food and security become more essential than bragging rights over how much you paid for an old vehicle and what it's worth.
Same with some people (nothing against anyone personal here) complaining that they lost thousands in the stock market or this fund or that fund. One customer complained they lost 100,000 that month. Eventually it came out that he saved about 20k over time, and the investment of that 20k was worth about 130,000 and then dropped to about 40k. Sounds like poker. When i start with 20 bucks and get up to 130 bucks and then lose 100 bucks, at the end of the day i made 10 bucks, not lost 100.
When you gamble (and buying/selling old cars and parts is really gambling in a fluid market) sometimes things don't work out how you plan. If you want double what a cars worth, have fun staring at it all day forever. No car is so rare that you can't find another to make you happy.
*soap box put away*
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