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SVTPerformance's Chain of Restaurants
The Market
Vehicles For Sale
Terminators Buy/Sell
The Terminator and Fair Market Value
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<blockquote data-quote="Y2k4cobra" data-source="post: 9167219" data-attributes="member: 56319"><p>How can you justify a 40 year old car and paying $60k for? Its a cash market, nada doesn't mean crap if my car gets totaled I will get a check for $28500 which it is appraised at, and that is what the insurance agrees upon. I have no problem with paying top dollar for the right car. If a 1971 cuda came along and was the right car for $45k do you think the bank would give me a loan for a car that is almost 40 years old, no way. Cash is king either you have it or you don't.</p><p></p><p>Its a great write up and our cars value will go up. A big example is the fox market nada is $2500 for a 91 gt with 30,000 miles. If you find me one for that price and I will pay double! A 91 GT with low miles are going for $10k, its a cycle that the cars will drop in value and the people with cash will buy what they want, when they want, and the cars will bring top dollar.</p></blockquote><p></p>
[QUOTE="Y2k4cobra, post: 9167219, member: 56319"] How can you justify a 40 year old car and paying $60k for? Its a cash market, nada doesn't mean crap if my car gets totaled I will get a check for $28500 which it is appraised at, and that is what the insurance agrees upon. I have no problem with paying top dollar for the right car. If a 1971 cuda came along and was the right car for $45k do you think the bank would give me a loan for a car that is almost 40 years old, no way. Cash is king either you have it or you don't. Its a great write up and our cars value will go up. A big example is the fox market nada is $2500 for a 91 gt with 30,000 miles. If you find me one for that price and I will pay double! A 91 GT with low miles are going for $10k, its a cycle that the cars will drop in value and the people with cash will buy what they want, when they want, and the cars will bring top dollar. [/QUOTE]
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