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Everything posted by 1935Packard

  1. California law on YOM plates is really quirky from a tax perspective. You can use YOM plates, but here's the trick: You can't use YOM plates if you want a historic registration that has essentially zero annual value taxes ($2 a year). For that, you need the special historical tags. If you want to use YOM plates, you need to pay the annual taxes that start off 0.65% of the value of the car and drop over 11 years to about 10% of that, or about .065%. This means that how much you pay for YOM plates depends on when you bought the car and how much you paid for it. For example, I recently went to register a rather expensive restored car I was fortunate to buy, and I wanted to use YOM plates. The annual tax bill just to be able to use the YOM plates was over $1,000 a year. When I asked the DMV employee how much it would cost a year if I just used historical tags, she ran the numbers and responded, "Ok, well in that case your tax is $2." No YOM plates for me on that car. On the other hand, I have another similar car that I bought 13 years ago in lousy shape and put a lot of money into. The state sees that car as now worth only about $6,000, so the annual tax is something like $50. YOM plates for that one. Strange state, California. (I assume there are a lot of people who register with historic tags and just put the YOM plates on anyway, but so it goes.)
  2. That's one benefit of the real estate market over the classic car market: When houses are offered for sale, the number of days it has been on the market is prominently listed and gives you a good idea of whether it is perceived as being priced too high. And then you have an agent urging the seller to drop the price.
  3. I've been a Life Member since about 2006 or so. It was $600 at the time, as I recall. I had joined the aaca in the 80s or 90s for a few years, but then came back to it around 2002 when I bought my first classic car. Plus, saved me the hassle of renewal.
  4. I was cruising around New York City in a convertible just like this. Fun wheels, with a good suspension, but underpowered at just one mom-power.
  5. I'm mostly doing what I used to do in winter back when I lived East: Starting each car about once a week, letting the oil get warm, driving up and down the drive way to get moving a bit, etc. I haven't yet ventured out on to the roads mostly because I'm paranoid I'll have a problem and get stuck. It's unlikely, but If that happens, I don't know if I can get a tow, or if a shop that could work on the car is open. But I'm probably just being paranoid, and I'll probably venture out for a real drive eventually.
  6. Not a surprise. Good for PB that invites to the 2020 concours are now just pushed back to 2021; no one loses an earned spot. Let's hope everything is back to normal by August 2021!
  7. Thanks, Matt, for the links -- I didn't know you did these, too. I look forward to watching them, especially the Marmon one.
  8. Many forum members are familiar with Mark Hyman's dealership in St. Louis. Looks like Hyman has started posting short videos of some of the cars he's offering. Potentially interesting in part because he talks about the significance/interest of the car model generally, in addition to details of the car for sale. It's not super-polished, I gather a reflection of the coronavirus circumstances, but still of potential interest. The two most recent videos are below.
  9. That's great to hear. If you don't mind me asking, are these people buying cars remotely, without an in-person inspection? Or were they able to see/drive the cars first?
  10. I don't know how accurate this is, but it's at least some relevant information. https://www.bloomberg.com/news/articles/2020-04-16/coronavirus-crashes-the-car-industry-winners-emerge-in-classics?fbclid=IwAR3hEz3cu2oGwDN1DoVP3uZJEYySWUjf6yWrp4cvC13dU1pBeRIbthyVwiM While Used Cars Pile Up in Lots, the Classics Are Busy Changing Hands The market for vintage and collectable automobiles remains strong during this period of social lockdown, creating some unusual opportunities. Just don’t expect bargain basement prices.
  11. The problem with the classic car market is that it undervalues the cars I have and overvalues the cars I want to buy. Weird how it always works that way. Seriously, though, I hope everyone is safe and healthy during these crazy times. Thanks for keeping the hobby alive.
  12. Probably right. We're renting and have been looking to buy, and we were looking at a property that had a space to build a two-car garage. I asked a contractor how much it would cost to put up a very basic, ugly, no-features two-car garage on that spot. He said ballpark estimate was starting around $150,000. And of course that's after you pay about $1,000 per square foot on the house itself. And that was the rare lot that had room to build a garage. It's nice out here, but the housing (and garage) situation is nuts. Maybe it will be less crazy after the virus stuff ends.
  13. Reading this thread makes me want to leave the SF Bay area and move to some place far away where I could build a huge garage. Of course, being stuck in a small house 24 hours a day can do that, too.
  14. Matt, you might be eligible for a forgivable loan under the stimulus bill. If you haven't thought about this but want to talk more about it, feel free to DM me. https://www.hansonbridgett.com/Publications/articles/2020-03-bus-distruption-covid19-cares-act
  15. In the short term, with people unable to travel, with stock prices down, and with unemployment spiking, I would guess that the classic car market ends up in a downturn. A market in luxury goods generally doesn't do well when the economy goes down, and a hobby that requires driving doesn't do well when you often can't drive. As with others, I just hope that the pain is short-term enough that it doesn't damage the support network (shops, part sources, dealers, etc.) on which the hobby rests. Fingers crossed.
  16. Having moved twice in the last three years to new areas of the country, where I had to introduce myself to new car clubs, I can't emphasize enough the importance of being super welcoming to new members. Showing up at a gathering when you don't know anyone can be intimidating. Everyone else seems to have known each other for decades, and it can feel like crashing a family reunion to show up without knowing anyone. Following our most recent move, we were welcomed incredibly warmly by both the local CCCA region and the local Packard Club. They both made clear that they were happy to have us, and it made all the difference. Things to do to welcome new members might include: 1) When you receive a new membership form, don't just process it -- call them! Call the new member and introduce yourself, explain how the club works, mention any upcoming events, and ask if they have any particular needs or interests. That way the new member knows at least one person right off the bat. 2) Offer a discounted or complimentary cost for any new member's first event. This is a nice gesture: When a member shows up at his first event, make the event complimentary (or discounted) for the new member. It makes the new person feel welcome. 3) Offer the new member an opportunity to introduce himself to others. Maybe invite the new member to write something about his interests and/or car(s) for the newsletter. Or just make a point of introducing the new member at the first event, perhaps giving him/her a chance to speak and talk about his car or interests. These little things can make a big difference.
  17. Maybe it's too early, but I'm curious if those who follow the market closely have a sense of how COVID-19 may be impacting the classic car market (other than just shutting things down, of course). I think RM just finished up its online-only Palm Peach auction, which may offer some data points, and maybe there are other auction results out there, too. There are a lot more important things going on in the world right now, of course. But as my dad used to say, "if we don't have vodka, let's at least talk about vodka."
  18. It's a pretty entertaining FB thread, too, at least in the "can you believe that" sense.
  19. Lots of good responses here. I'll just add that when I started driving, in 1987, my first car was a 1979 model and it seemed ancient. It was starting to rust all over, it broke down, and it was hardly worth anything, My current daily driver is 11 years old and it still seems quite fresh: The paint is still in terrific condition, it's totally reliable, and the only modern feature I wish it had is a backup camera. It's impressive how much longer the lifespan is of today's cars.
  20. A few places say that in 1930, the average lifespan of a car was 6.75 years. Granted, that doesn't say how long the first owner kept the car: Instead, it's how long the car stayed on the road. As has been noted on the forum before, the value of used cars plummeted quickly in those days; a 5-year-old used car could be worth 5 cents on the original dollar. So people must not have wanted used cars, although that doesn't itself say why. I've always assumed it was mostly that the cars just weren't designed to last: They would rust, fall apart, and otherwise reach the end of their expected lives in a few years. And there was a certain amount of planned obsolescence, at least in boom times, although I don't know how much that actually impacted consumer choices.
  21. Probably not. From a recent news story about the new statewide "stay at home" order: Newsom’s order could be interpreted as very strict, Lemley said, as the wording did not provide an explicit exception for outdoor exercise, as some local health orders had done. Newsom, though, has given more leeway in his public comments, saying, “You can still walk your dog.” Luxury sports cars, though, may not make the cut. A club for Lamborghini owners decided to scrap its plan for a Saturday morning drive in Northern California wine country. “With today’s statewide announcement regarding the shelter in place mandates, we have heard that the CHP would hassle us if we proceed,” the organizers wrote Friday on the club’s Facebook event page, referring to the California Highway Patrol. They said they would aim for a date in April, instead, to “start the driving season.”
  22. Yes! I watched it a few times. If I recall correctly, it was right after they talked about how the car was so well sorted and drove so well.