Guys,
The inflation charts, miles driven calc, and rotational dissonance is
interesting......but it always boils down to this: What are people willing
to pay? And since you can't use dollars in 1970 anymore (unless you have a
time machine) , you have to use dollars now...... All who wish to "cash out"
their cars wish for more, but I like to drive and enjoy mine....I don't care
WHAT it's worth, except when it comes to insurance costs!
Best,
Ray McCrary
"Speed is Life;
of course Luck and Altitude
are helpful, too."
----- Original Message -----
From: "Mark Hineline" <hineline@helix.ucsd.edu>
To: <mg-t@autox.team.net>
Sent: Wednesday, August 16, 2000 11:42 AM
Subject: Re: TC Wanted
>
> This is an interesting question that will never have a suitable answer.
> But here is a possible rule of thumb. Let us suppose that someone buys a
> TC new in 1948 and drives it 60 miles per year for 52 years, so that
> there are some 3120 miles on the clock. Other than that it has been
> garaged for the whole period. Regular, loving maintenance. What should
> such a car be "worth" today. One way to go is to figure purchase price,
> maintenance cost, an average $100 per year storage, and a seven to eight
> percent profit plus inflation, compounded daily. In other words, the
> owner might expect to get back all costs plus a suitable profit for
> having the forsight to buy a TC and the scrupulousness to keep it cherry.
>
> I am guessing between $20,000 and $25,000 for that car (I don't have my
> tables handy).
>
> In principle, a restoration should never cost more than this car, no
> matter how much was spent on the restoration. Because, in principle, no
> restoration can have as much value as this car.
>
> But that's just hypothetical.
>
> Mark Hineline
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