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I love these cars and am excited about them finally starting to go up in value, Im also all for a "rising tide" an all - but what are they smoking north of the boarder
I love these cars and am excited about them finally starting to go up in value, Im also all for a "rising tide" an all - but what are they smoking north of the boarder
The 89 isn't unreasonable as a starting bid price. Looks like a pretty good example. Especially with the original rear spoiler, wheels and radio coming with the car. The Buy It Now price is out there though. The "Nut Shell" comment of the best example that he's ever seen in the world is pretty funny though. Obviously he hasn't seen some of the other Canadian Owner's cars (Like my brother Bertrand's) or mostly any 928s that show up at Frenzy.
Now the "79" is another story. Is pot legal in Canada? Because he must be smoking it for that Buy It Now price!
I love these cars and am excited about them finally starting to go up in value, Im also all for a "rising tide" an all - but what are they smoking north of the boarder
Yeah crazy for sure. And the S4 looks nice but then they just decided, eh what the hell, let's leave the engine bay filthy and still charge Willhoit prices. At least his cars are immaculate.
I once was looking at a very interesting car on a dealer's back lot.
It was rough .. really rough.
I asked if he was interested in selling. He said yes, and then gave me a price that was way over the moon. Like condition 1.5 pricing for a condition 5 minus car.
So I asked him, "You obviously know the car is not in the condition necessary to be worth even one third of what you are asking. And you are not the first dealer I've seen with something potentially valuable on the back lot, but in need of a whole lot of work. And none of you seem to be all that interested in selling these cars. What gives?"
His reply was interesting. "Have you ever heard the term flooring?", he asked. I said "No, mind explaining?" He then proceeded to tell me how a car like the one I was looking at may have little real value, but could be presented as valuable collateral against a loan to buy "bread and butter" stock that sells quickly. And since his bank was willing to loan him a lot of money against that car, it really was worth about as much as he was offering to sell it to me for, and advertising it for to the general public, at least to him.
While I'm personally not a fan of running a highly leveraged business, at least I now understood what was going on. I have no idea if this comes into play with any of the recent dealer price jumps, but it does show an interesting perspective on how some smaller car dealers apparently operate.
06-01-2017, 12:20 PM
I would like to see it in person though. 
