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What I mean is whatever the market value is for a nice or perfect car - not arguing whatever that is or price increases - I’m seeing cars that are far from perfect selling for way too close to that market value, instead of, say, 50% thereof. On auction sites.
If a car sells for 100k on average in good shape (based on classifieds, auctions, guides, insurance values) and a particular one needs 50k of repairs to get to that “good shape” level, auction sites seem to sell them not for the expected 50k ( I realize it’s not perfect math in most situations). It’s more like they are going for 80... I’m just guessing - and I could be wrong - that with this growing reach of internet sites, there are lots of folks new to the hobby unaware of true cost of repairs or what constitutes collectibility, that *statistically* will show up to pretty much all those online auctions and overpay.
And that kills the “fix it as you go”’car enthusiast options that used to exist... Seems to me now you gotta buy a perfect car or stay home.
Or buy outside of those sites. Great places for selling though !
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