Anyone got any spare change?

[User0083]

It just screws it for the real enthusiast who wants to own the car for the pleasure of driving.

Birmingham traffic?

Haha

But I agree, price should be lower and only a club member or something allowed to own it.

[Norman Verona]

But I agree, price should be lower and only a club member or something allowed to own it.

 

 

 

 

1) how do you control the price of something in a democracy?

2) Club member? What club? The very rich mans club ok?

3) How do you control who buys things in a democracy?

 

Other than "or something" seems the rest can't be done.  

[Nick Algar - Competition Secretary]

Crystal ball would have been good 30 years ago. Still would :D

 

Must admit it seems so difficult to see why some cars make big money and others don;t. ie E Type jags against TR6. 

[jeff oakley]

Norm is spot on it is the repeat of the eighties where there was some fast money being made on classic cars. And like any bandwagon those last to hop on will be the ones who take a hit. LAst time there were cars being dug up restored and sold for fortunes because all the papers talked about investments being low and look at the huge fortune made on classic cars. who can forget those who got burnt with the jag 220

The unfortunate thing is that it prices cars out of the league of some that would treasure them and love them instead being seen the same as a financial vehicle.

I am not grumpy, but realistic.

[Dave Eastwood (Gadgetman)]

Indeed, a distant neighbour got stung last time round; bought a shed of an E Type, one of the less desirable variants at that for over twenty grand, that needed a lot of time and money to restore - a good thirty/forty thousand on top of the purchase price. (Don't forget tis was the first time round, so this is at eighties prices!) I remember seeing it on his drive, fresh back from the bodyshop and a very expensive repaint, (services related to classics had also rocketed in cost), while he began the long and exacting, (give him his due, he was fastidious) process of refitting brightwork, trim etc.

A week later, the market had collapsed. I remember him telling me he was thirty grand in the hole and f****d.

[Norman Verona]

A classic car dealer I knew at the time told me he's lost a million pounds on his stock in one week. He laughed it off as he said it was a fraction of what he's made in the previous two years.

 

However, one of our customers, a Saab dealer, paid a million for a Mercedes 300 gull wing. It sat in the centre of the showroom and the receiver valued it at £300,000. One of the owners was a famous Porsche specialist which is what he does now.