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Questions and Answers - Classic Car Community
It's only worth what someone will pay. |
| July 23rd, 2012 09:46:48 am, posted by Michael Hoff |
Book values are missleading in that its only worth what a person will pay. If a car is listed at a value of $50,000 but the market is soft and no one will pay more than $10,000 than the car would accualy be worth $10,000. It also goes the other way. Different locations also have a bearing, where I live it's hard to sell anything. As far as appiciating, it will never stop, as fawer are on the road the value will go up, remember a lot of the cars from the 60's and 70's were not kept up and will end up as doner cars or crushed. As far as selling it that is your choice, for me a car is a car and if I could turn a proffit on it I will sell it (do you wanna buy a car).
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