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the Mink Test - READ ONLY
88 messages, Last post on Jul 10, 2006 at 10:45 AM
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What is this discussion about? Cadillac
#85 of 88 . by fintail
Jul 10, 2006 (9:42 am)
People must see that three pointed star and get all emotional. 15K for a 450SL? Maybe for a perfect ultra low mileage example in 100 point condition, and no 75-76-77 models from what I hear.I still almost regret not buying that mint 560SL that was a perfect match for my W126. But of course, that third car would have been a silly move, and I wouldn't have bought the C43 if I had three cars already/
- andre1969 (Jul 10, 2006 10:01 am)
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#86 of 88 Re: . [fintail] by andre1969
Jul 10, 2006 (10:01 am)
Replying to: fintail (Jul 10, 2006 9:42 am)
People must see that three pointed star and get all emotional. 15K for a 450SL? I'm guessing that to some people who aren't knowledgeable, they might also look at a price like that and think that they're still getting a luxury car at a cheap price, especially when they see how much a new one is!
I know that's one way my buddy justified paying the $16K or whatever he did for his '78 Mark V. His rationale was that car was about $20,000 brand-new, which equates to $60,000 today. So in his mind he thinks he's getting a $60K car on the cheap!
I wonder if that type of rationale is common? I think one trap I fall into sometimes is when I start thinking that it would be cheaper to go out and buy a nicer version of a car I have rather than fix mine up. However, that still doesn't justify over-paying for the nicer version!
- fintail (Jul 10, 2006 10:13 am)
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#87 of 88 Re: . [andre1969] by fintail
Jul 10, 2006 (10:13 am)
Replying to: andre1969 (Jul 10, 2006 10:01 am)
Maybe he underestimated repair costs. I think with some of those cars, they are also bought by people who remember them when new. From what I can tell, having something like a 450SL when they were new meant having quite a prestigious and even chic car. Probably even moreso than they are today, due to being a little rarer. Maybe that Mark V can be explained the same way. If you get a no-miles as-new one for well under original MSRP, someone could see that as a deal, esp if they are fond of the car to begin with. It might not be safe logic, but it is logic. At the same time, some people think vintage = worth a fortune. If a new SL is 90K, a nice vintage one must be worth a bit, right? Some people assume that about my fintail...if a loaded new E-class is 60K and a S-class is 90K, a shiny old MB with fins and chrome must be worth 30K anyway, right? People have actually told me that.
Funny thing too...according to my 1976 NADA and KBB guides, a 74 450SL had a MSRP of $15450, and a 73 at $13340 - so that guy paid more than original MSRP!
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