[artplumber]

Originally Posted by 88911coupe

I guess I'm a little confused as to what I see as the premise of your initial post...which apparently is that sellers don't realize their cars aren't worth what they are asking. If this were true you'd have had no trouble at all finding what you wanted at a steal and only on here to post about a few clueless individuals who don't know their cars have plummeted in value. ...

The OP's point is simply that a lot of pcar pricing seems to be a little out of touch with disposable income. He's gotten a lot of flack about that, which is partially justified in the sense that any seller has the right to ask any price even if it seems out of touch. On the other hand, there is plenty of evidence that collectible car pricing has taken a big hit with the general contraction of the economy (real estate crash included), and many things in addition to collectible cars are selling at a discount vis-a-vis their prices in 2005.

I wish you luck in finding a deal. Unfortunately, most people that were too heavily leveraged (ie at risk of losing things) have already sold. You might get lucky in the next wave of foreclosures, but other parts of the economy are looking a little healthier which would make the next wave less important. When you're looking for a steep discount, you'll have to make more offers, and possibly offend some folks' sensibilities because that is all the cash you have.