Re: How depressed is the market in our cars?

Posted by patgreen On 2011/10/21 13:59:43

There is always a disconnect between collectors and buyers. Call it egos, call it the collector mindset but collectors are essentially allowing you to buy their car--after they have "decided" what it is worth.

This seems to be a process where other club members vie with each other to hike the estimate of what it should be worth. Along the lines that so-and-so's car was reputed to have sold for xxxxx dollars and mine is worth way more....

I looked for two years for my car and in that time found three cars that I was truly interested in. Two were black and white, which I don't like; I'm driving the third.

I got mine from an individual who wanted to sell the car, who wasn't jiving his wife with a story about trying to sell the one too many car (a story that was repeated many times in various forms).

I also looked at a number of dealer cars which were, IMHO, grossly overpriced and were essentially speculative investments.

I have to say that I don't see these as investments. The longer you have them, the more they deteriorate in one way or another. If you need to tell your other half that they are an investment and she buys in,,,,,,

Plain and simple, most are adult toys and all are to some extent money pits.

What are they worth? What the high bidder will pay you. Since we don't currently live in extravagant times, chances are that value today is lower than the peak.

To me. that means enjoy them now and quit worrying about their value. If you get tired of them, put them on EBay, swallow your pride, sell them and move on.