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Perhaps "pig" is a bit strong but it's what I refer to when describing a car that is heavy-ish. (Just imagine a 911-R with a sunroof!)
Pumping the values on these cars is what this is all about. Once you establish a mark, it then invites all of the rest of the cars out there to try their luck with inflated prices. Have I paid up for cars? Yes, I have but I've been really lucky and it has not hurt me over the long run. The rule of thumb is that you can pay too much too soon. $107,000 is a little strong for this car but perhaps one day soon it won't be. In a climate of deflation and poor equity performance folks are putting money anywhere that they believe will turn a profit for them. Things will change, as there are no permanent trends (death and taxes excluded).
And, lest we forget; cars, boats and motorcycles are not great investments. I'll bet that the money for the car plus expenses for 30 years would be worth something on the order of $200,000. But to paraphrase an aquaintance of mine who is a collector/economist/writer, you can't put value on the pleasure and pride of ownership. That's the wildcard to any valuation.
So, does anyone want to loan $107,000 at favorable rates???
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R Gruppe #111
Early S Registry #235
res ipsa loquitur
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