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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 38,168
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Older cars are not easily financed and the home equity self funding is gone. I know some collector ins cos like Haggerty did financing on collector cars, but I don't know about today. So, you just have to have plain ol' cash. The next thing that usually occurred in better times was that someone sold one car and rolled the money into another. I believe this process is in a bind as well. Consequently, anyone who is impatient will end up dropping their price. In turn this will hurt the market.
It might be a tad early to tell, but I think most used Porsches are going to go down in value. It takes exceptions to make rule.
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