Last post on Nov 29, 2013 at 11:51 AM
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#27733 of 30830 Re: WARNING! Discussing a Vega on eBay! [Mr_Shiftright]
Jan 24, 2013 (6:23 am)
The espenses you list are sunk costs, so those expenses really don't matter to today's buyer. Frankly, I'm surprised anyone would pay as much as $8,500 for a Vega, even a Cosworth, unless it was for the purpose of flipping it with a high probability of making a profit. It's not worth that as an econobox, an there wouldn't be $8,500 worth of pleasure - for me, at least - to display it at car shows. It might be worth that in 35 more years, when it'd be an extremely rare novelty that no car show visitor recalled.
#27734 of 30830 Re: Saw This Ad [stickguy]
Jan 24, 2013 (6:33 am)
That Volvo ad reminds me of this ad for a lost dog:
#27735 of 30830 Re: WARNING! Discussing a Vega on eBay! [hpmctorque]
by MrShift@Edmunds HOST
Jan 24, 2013 (7:48 am)
Even then you never know. I know a guy who has the last surviving specimen of a 1920s car---and it's worth no more than a 1920s Buick. Why? Because nobody cares--well, nobody with money cares. A museum cares, but it has no money, so it cannot affect the price. Passion doesn't drive up prices---a checkbook does.
Sunk costs are, true enough, water over the dam, but with cars you can also have prospective costs.
Say you own a Ferrari F40. It's fun, it's great--you're out tracking it and you miss a shift----oops, you just spent $75,000 for an engine.
Unless you own a very VERY blue chip and rare car that everyone lusts after, your "investment" of $8500 can evaporate in the snap of the fingers.
That's the weird thing about classic cars---North Korea invades South Korea and your Camaro is suddenly worth half. Very bizarre.
I guess "toys" are very vulnerable to economic conditions.
#27736 of 30830 White Chevy Citation
Jan 27, 2013 (11:56 am)
Never expected to see one of those, especially as a current driver in the winter.
Other than a missing left front wheel cover and being covered with salt, looked to be in pretty good shape.
#27737 of 30830 Re: White Chevy Citation [explorerx4]
Jan 27, 2013 (12:04 pm)
Haven't seen a X-body in years. Saw a Ford Maverick yesterday, looked like it was ready to be retired.
#27738 of 30830 Re: White Chevy Citation [explorerx4]
Jan 27, 2013 (12:59 pm)
I came close to considering an '85 Citation X-11 before I ordered my Celebrity Eurosport, but I figured I'd take a hit on resale value (back when I traded every three years or so). Same car mechanically, even same wheelbase as my Celebrity was. Tom Jumper Chevy in Sandy Springs, GA had several to choose from, when other dealers had none. His lot of new Chevys was so big they drove you around it in a golf cart.
#27739 of 30830 Re: White Chevy Citation [toomanyfumes]
Jan 27, 2013 (1:44 pm)
Saw one a few weeks back. It was traveling the opposite direction and didn't look rusted through. It was the golden brown color that was popular for those. I have no idea what year it was other than a 4-door with sloped back.
#27740 of 30830 Re: White Chevy Citation [uplanderguy]
Jan 27, 2013 (2:12 pm)
Years back there was a huge Long Chevrolet in Elmhurst, west of Chicago. You'd spot it coming into O'Hare sometimes. One night, GMAC must have hired every tow truck within 20 miles and cleaned out the lot.
#27741 of 30830 Re: White Chevy Citation [imidazol97]
Jan 27, 2013 (2:20 pm)
I saw a yellow Citation 4 door a year or so ago, it looked mint. Funniest thing is that it had "Collector" plates. How times moves by.
#27742 of 30830 Re: White Chevy Citation [fintail]
Jan 27, 2013 (8:14 pm)
Years ago I got to ride in a very special Chevy Citation. The car was a GM test mule, and, the performance it had was simply awesome. After the ride, the test engineer popped the hood for me. I was looking at a turbocharged Buick 3.8 V6. Turns out the car had the prototype drivetrain destined for the Buick Grand National.