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another f.... car


zhead240

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Z cars that are presently being restored are selling for $35,000.

I wonder where he got THAT figure? If anyone stops by to inpect he car, they should wear tall boots. There seems to be an excess of B___ S____ around area.

EDIT: Patrick, I will check out that other car for you tomorrow. (Sat)

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I think we're seeing those "collectors" (read=investors) who bought one of those Nissan Restorations for the speculative value, getting their $ out of it.

That's fine, they'll get out, probably losing a bit (just like Nissan), but they'll help elevate prices for those of us who are just getting into the hobby. (Meaning less than 5-8 years of ownership.)

There has been a lot of sales since the Wall Street Journal and other newspapers picked up on the "collectability" of the Z (and other cars). Remember, one of the primary criteria for the WSJ's report was it's present and projected FUTURE value having "investment" value. I.e. buy it now, it'll be worth more later when you sell.

Those of us who are doing the actual work of finding parts, repairing others, repairing prior bad fixes etc. are the ones who will...sadly...gain the least. The ones who'll gain the most are those that hang onto their vehicles to get past having had a return on their investment (in pleasure, learning or ....) and then still recoup a sizeable part of their investment when they sell the car. Those that buy a vehicle that has already had at least a medium restoration will see the most increase in their investment, as long as the car isn't allowed to deteriorate. Full restorations, such as those effected by the people Nissan hired, are more expensive, and their need for future restoration is the least of all. That's why they're selling expensively now, and will sell even more expensively in the future.

As we've said before, you don't buy a car for the investment opportunities, unless you are buying an already acknowledged museum piece, and will be maintaining it in a museum AND interest is maintained or increases.

If you plan on driving and enjoying it, what you are hoping is that the wear and tear you introduce is minimized in order to maximize the vehicle's eventual value...as a well-maintained "classic".

Since the second is what I'm planning on, when I finally let mine go, it will be worth more to the next buyer. Hopefully I might break even on my $ investment, or loose only a little and benefit hugely on my PLEASURE regardless of it's sale price.

2¢

Enrique

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The second car looks nicer though not as 'original' and has a lower VIN and would probably be a better occasional driver. The 'FRP' cars (sorry) don't appeal to me as much as just a clean, maintained, properly repaired, or even slightly modified, regular car. I guess I just expected more from the cars that came out of that 'Z store' thing.

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Here's one for the rest of us. Looks like a nice car for a lot less money.

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1&item=4532363284&category=6187

Owner/Seller is a member here:

http://www.classiczcars.com/forums/member.php?u=4054

As nice of a car as it is.........IMO the BIN Price is awfully high for an unrestored car with 120,000 miles on the clock. (I see that you have been on the website today Steve, so I hope that you won't be offended that I expressed my opinion here)

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