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I paid cash for the last two but in the past I have financed. I have financed when I wanted it "off the household books" so I didn't have to discuss with the wife why I bought another car when I already have "X" cars.
If the economy goes in the direction of high inflation/high interest rates and layoffs happen on a large scale, then people holding these toys would possibly liquidate. But with high inflation, a 70k car two years ago that is selling today at 70k is cheaper.
I am talking driver quality cars here.
The inability for people to finance new purchases would impact pricing in my opinion. The less people able to finance makes less buyers which make the prices come down. Come down by how much, I am not sure. I doubt I will ever buy a 3.2 for 14k every again or sell one like I did in 2009 for $9,800 (Which recently sold again on BAT for 90K).
It is a double edge sword. While I want my cars to have a higher value, it also hurts me on parts and buying more cars. I bought my last aircooled 911 in Feb of 2017. I spent 42k on it. I wasn't ever going to spend 100k for an aircooled 911. I am glad I did because if the prices don't come down, they will be over 100k and not ever coming down in the not too distant future (I am speaking of 3.2s, my favorites).
It just seems like prices on PCA are just sky high. Maybe I am wrong and that is indeed the true market. I watch BAT and it is like "good god I can't believe someone spent that much on that car".
I am a 356 in for a cosmetic restoration and it isn't cheap so the higher value will help stomach those costs. I was lucky, I found a rust free barn find '63 coupe that was complete. It was a time capsule. I was able to get it for what should considered theft.
I guess I am just going to hold on to the cars I have.
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