I was here a long time ago...
- Thread starter oli
- Start date
I saw, I believe Mecum, I could be wrong, a tungsten fgt wrapped in the Heritage colours. Closest I've seen to my budget excluding commission.
PeteK
GT Owner
If you look at the auction houses, prices are always higher. Just one year ago, a mid-mileage GT could be bought for $250K in a private party purchase. Although prices have been moving up for maybe two years, the greatest rise has been most recently—the so-called “hockey-stick” curve. Which is what makes me think we are in the overshoot region of the graph of market price movements. Which is why I would not be a buyer at current prices. I’d wait for the market to stabilize again.
Just speculation though. I don’t have a crystal ball! And I'm not selling mine anytime soon.
Just speculation though. I don’t have a crystal ball! And I'm not selling mine anytime soon.
extrap
GT Owner
I feel the same as Pete ... the problem being, just like the stock market, what if you're wrong and prices never come back down to where you think they should be? Double whammy: You end up paying the same or more later, and ya missed out on fun during the period you waited.
In 2007 the Dow ranged between about 12k-14k, then the bust happened and it dropped to ~6,500. At that point you could've waited for "the bottom" to invest more, but it's been nearly all up since then and is now around 35k-36k.
In 2007 the Dow ranged between about 12k-14k, then the bust happened and it dropped to ~6,500. At that point you could've waited for "the bottom" to invest more, but it's been nearly all up since then and is now around 35k-36k.
I've had those thoughts as well. My P car was worth more than 200k and I had an offer early in my purchase of which I should of taken. Since then there has been a pull back and that's why I couldn't come back here until I had her sold. It just got real hard to find that one person who appreciated my car for what it is worth. I was thinking my car was going to continue to go up.