re "That would make it really hard to justify putting any money into Tigers
to restore them"
most cars dont make economic sense to restore yourself and recover the
value, unless its a rapidly appreciating car or high dollar so the relative
cost of restoration costs incl labor are a much smaller portion of the value
of the car, such as ferrari dinos, shelby's, etc. thats why they always
say, "buy someone else's restoration"...
i will have spent probably 60k on restoration of my mark 1a (i didnt have
time to wrench on it myself given work schedule) on top of the 15k purchase
price, (crazy when i think about it what i have into it, and like most
things, i started out thinking i could do more work myself and spend a lot
less, but thats another discussion) and im under no misconceptions that
unless prices rise quickly for the next 5 years, regardless of how great the
quality of the restoration, i will not get back what i put into the car for
a long long time...
----- Original Message -----
From: <mcdangerous@verizon.net>
To: <clarkwgriswold2nd@gmail.com>
Cc: <TIGERS@autox.team.net>
Sent: Thursday, August 05, 2010 11:54 AM
Subject: Re: [Tigers] Tiger on Bring a Trailer
> Is the value of such a clean Mk1A Tiger really only $26k? That would make
> it really hard to justify putting any money into Tigers to restore them,
> considering what it costs to buy one, even when it needs restoration? Is
> this the true market value, or is it just a temporary dip thanks to the
> economy? That's a Mk1A, right? Shouldn't that make it a bit more
> attractive when compared to Mk1s? What's the outlook for values? What's
> the current value and outlook for Mk2s? If this is the level of Tiger
> values, then I don't even understand how anyone can consider putting money
> into an Alpine to create a Tiger clone, considering that someone said in
> another thread that clones are bringing 50% of Tiger values. None of this
> makes sense to me... Please let me know what you think re. Thanks. M
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