What's this 87 S4 worth?
04-17-2011, 07:14 PM
#31
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Thread Starter
So I drove out to look at the car but was not able to see it coz the owner had to go somewhere else. He emailed be after I left the house. I ltake at this as a sign thinking that it wasn't meant to be so I am probably going to pass. I also made an offer for the Tucson AZ Salvage Title S4 on CL (asking $5900 obo) for $3k and was told to go buy one for $10-25k.
After spending a year looking here is a synopsis of what I am seeing:
1. Collectors cars with no mileage owned by people who know what they have.
2. Premium cars owned by dealers and heavily marked up who are trying to snag a hungry buyer.
3. Well sorted cars who have a fair bit of work and upkeep in the mid level price range and some realistically priced but not in a hurry to sell.
4. Well sorted cars cars owned by people who are in a hurry to sell.
5. Neglected beaters that need a ton of work and owners have given up on them.
I, as with many others are in the market for #4. I could go for a deal like EspritS4's if I can find one like that.
Another hurdle is, with the way the economy is, not too many people have disposable income to buy a car like this. Forget financing for privately owned cars that are not in your state. I tried to get a loan with Well F#$Go for that 1990 S4 on CL for $6500 and they were only willing to lend me $5k and I have excellent credit.
After spending a year looking here is a synopsis of what I am seeing:
1. Collectors cars with no mileage owned by people who know what they have.
2. Premium cars owned by dealers and heavily marked up who are trying to snag a hungry buyer.
3. Well sorted cars who have a fair bit of work and upkeep in the mid level price range and some realistically priced but not in a hurry to sell.
4. Well sorted cars cars owned by people who are in a hurry to sell.
5. Neglected beaters that need a ton of work and owners have given up on them.
I, as with many others are in the market for #4. I could go for a deal like EspritS4's if I can find one like that.
Another hurdle is, with the way the economy is, not too many people have disposable income to buy a car like this. Forget financing for privately owned cars that are not in your state. I tried to get a loan with Well F#$Go for that 1990 S4 on CL for $6500 and they were only willing to lend me $5k and I have excellent credit.
04-17-2011, 09:17 PM
#32
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Frankly if one needs to borrow money to buy an old 928.....they probably should not be buying one. Many, many people used the home equity "line of credit" (which was a masterful bit of marketing calling a second mortgage a "line of Credit" made it seem so much nicer and somewhat flattering) to buy collector cars. The banks called all those loans and lines forcing those with any equity to refinance their firsts. But I am old fashioned and feel that using a credit card to buy dinner is not a good idea since the dinner will soon be literally flushed down the toilet long before you pay for the dinner. Using credit for consumables and depreciating "assets" has gotten lots of people in trouble.
