Sign in to follow this  
GregLaR

Color Change Effect on Value?

Recommended Posts

6 hours ago, John_Mereness said:

If you are "green" to the hobby I fairly often suggest trying a Porsche 356, 911, or a Mercedes 280 SL (perhaps also a 230 or 250), they tend to be fun cars and at least around the Indiana and Southern Ohio (plus for customers in such as Los Angeles) areas you have solid handfulls of people that can repair one, vibrant club activity, and also they can substitute for a summer daily driver.  As to price - it is pure market and you gain or suffer per market, how you maintain your car, and ....  And, if I put you in a really nice one then no matter what it's issue are a year or even 5+ years later, if you tire of it and want to move it along to get something else then I can sell it in often a day (we rarely have ever had one in inventory more than two full weeks and car after car from parts cars to 100 pointers trade hands per year without ever seeing the website - surprisingly as to color even the green painted one sell quick, but the white ones still take a little more work to find new owners). 

 

 

John, I love those cars, but your point about gaining or suffering "per market" is a big one.  My sense is that prices were super strong for a while for those cars in particular  (insert all of our "should have bought that one for $18,000 back in 2002" stories) and have softened, and it always makes me nervous to see big price fluctuations.  

Share this post


Link to post
Share on other sites
1 minute ago, 1935Packard said:

 

John, I love those cars, but your point about gaining or suffering "per market" is a big one.  My sense is that prices were super strong for a while for those cars in particular  (insert all of our "should have bought that one for $18,000 back in 2002" stories) and have softened, and it always makes me nervous to see big price fluctuations.  

We have seen some that are exceptionally nice and fair market value (occasionally less, but that gets harder by the day) and then we also see ones that I know we cannot take in as the owner is just not willing to loose and they are in way (often way, way, and more way) over fair market value.  If you buy one a FMV you could win or you could loose and if you overpay and hope the market will catch up to you - well, some people have done it successfully, but not sure where this is all going in next couple years - ie you could lose too.   Good news is that at a certain range around FMV they did not stick around long before finding a new garage.   The rusted and then welded up cars are still welded up cars (some rust repair is ok, but ...) =  a whole different discussion no matter the quality of their restoration. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this