All it's doing for me is driving my insurance rates up.
Debbie downer
All it's doing for me is driving my insurance rates up.
Yes, many have more money than brains. The fact that the car may be worth more than what they paid in a year or so after the purchase is completely irrelevant, especially when they can buy the same car same mileage any day of the week for far less, easily.So your concept is that the wealthy guys that have gotten to where they are for a reason, suddenly go in the category of more money than brains? Did it ever occur to you that most of these people do this as a hobby? Not as a business? Have you ever paid more than you should have for something? You knew you wanted it so it didn't matter, right? Maybe it was $1000 and you paid $1200? Did that make you stupid?
No, its all relative to your income and value perceived. Just because you couldn't, or wouldn't, doesn't make someone else dumb for doing it. Also the GT is a pretty safe bet that within a year it will be worth considerably more that it is now. There are not to many cars that aren't stupid money that can accomplish that.
Bottom line is it is helping our values. So be happy.
Yes, many have more money than brains. The fact that the car may be worth more than what they paid in a year or so after the purchase is completely irrelevant, especially when they can buy the same car same mileage any day of the week for far less, easily.
No, I don't pay more to get what I want...I usually get it for the price I want it; all it takes is a bit of patience. Why would I overpay for something if I don't have to? I much prefer having the money in my pocket than in someone else's. I actually DO look at market value of something before I make the purchase...and I will spend the time to make sure I get it at the right value/ price.
You ever wonder how many of those wealthy people you refer to actually made their own money, and not had it handed down to them?? I know many wealthy people who (fortunately for them) inherited money - because they had no ability to make it themselves; just spend it.
And no, it really doesn't help the value of my GT's...because I'm not selling them at one of those TV entertainment auctions. Mecum and BJ don't drive the sales of these cars in the used car market. They represent less than maybe 1-2% of the GT's sold annually and are completely bullshit prices, having little to do with actual value of the car you would get selling it. How does that help the value of my GT's today?
Go try and sell your GT's for what they get at one of those auctions and see what you get in the end...and be lucky if you see 75% of the selling price getting into your pocket.
But, you're entitled to your opinion, as am I...
Personally, I think there's more to it than just stupid buyers showing up at these auctions. What are the odds that one particularly vehicle model could repetitively and coincidentally go for substantially over retail market value at auction? That'd be one heck of a run of luck finding uninformed buyers with several hundred thousand dollars to spend.
F360 Modenas...Ford's performance target for the GT...are going for <$100k.
which is why you should let me have your yellow one...lol.
That would be all true - watch that car do a full circle back to you Shelby. Just gonna take a few decades though - LOLForget it Keith. I sold it to him. If any dealers getting it, it will be me!
What other cars are there at the 250-400k mark that are actually increasing in value today? I don't believe that there are any from the Italians, McLaren or any of the Brit cars...nothing American, so what does that leave us?
I have however found out that collector cars not being driven are actually harder to maintain over cars that get used.