The way I have viewed the purchase of an old classic, is this, I compare the
older classic, with what the cheapest new car would cost me today. I have
used the Chevy Cavalier ,ford Escort, or Even a Dodge Neon for comparison.
What would I rather drive or pay for the classic or the$13K, $14K? for a new
bottom basement car? I would always choose the classic, because I feel that
a lot of these old cars , will retain some value, and are much more
enjoyable to drive. Whereas a Cavalier, Escort, Neon, will one day be
worthless. The only problem, I have found is finding competitive Insurance
rates for the value of the car, in order to be a daily driver. Safety and
comfort is also an issue. TR6's aren't terribly comfortable, and I view them
as being unsafe, in comparison to today's construction and features. In my
opinion one of the best cars out there that would satisfy the cool need with
comfort and safety would be the TR8.
Phil Smith
TR6
"trying to talk myself into buying another Mustang or TR8"
----- Original Message -----
From: <greenman62@hotmail.com>
To: <lgmtr6@juno.com>; <bethken@erols.com>
Cc: <vafred@erols.com>; <triumphs@autox.team.net>
Sent: Thursday, January 13, 2000 10:24 AM
Subject: Re: $21,500 TR6 at auction
>
> I too watched this thread for a while...
>
> I think we are all concerned about "speculators" discovering a way to
really
> make a "killing" with our TRs(ala the Ferrari thing, a few years ago). I
for
> one don't think it will happen for TRs to that extent. We must accept a
bit
> of appreciation as our cars get increasingly rare. Still, there were
PLENTY
> made. As far as valuating a TR6, I think it should be whatever someone is
> willing to pay to own one. Let "CAVEAT EMPTOR" rule in this regard too
> (those that got in to Ferrari speculation late got burned).
>
> Look to what's out there today available that would be a modern equivalent
> to the TR6... I don't think a Miata would qualify as a TR6 equivalent. Now
a
> BMW M3 perhaps would. What does a new M3 cost? I think $21.5K for a
showroom
> floor condition TR6 is one hell of a bargain by comparison.
>
> If one wanted to speculate on the TR market and put one aside for future
> reward my pick would be a 1976 Brown TR7 with ALL original numbers
correct,
> and no rust (if one even exists). In 50 years I wonder what having the
only
> one of those left would mean price wise:)
>
> My tuppence
>
> Greg Petrolati
>
> >From: Lawrence G Miceli <lgmtr6@juno.com>
> >Reply-To: Lawrence G Miceli <lgmtr6@juno.com>
> >To: bethken@erols.com
> >CC: vafred@erols.com, lgmtr6@juno.com, triumphs@autox.team.net
> >Subject: Re: $21,500 TR6 at auction
> >Date: Wed, 12 Jan 2000 10:05:06 -0500
> >
> >I finally have to jump back in here. I have watched the thread (which I
> >started :-) ) with a lot of mixed feelings.
> >
> >Lots of pros and cons on the increasing price of our cars. But can any
> >one really say that a "brand new" TR6, (that is a TR6 that is in perfect
> >condition, with all new mechanicals) is not worth the same price as a
> >Dodge Neon. Sure the Dodge is new, with a/c, but the comparison stops
> >there.
> >
> >The buyer of this TR6 was in no way "stupid". Sure, he may have spent
> >more than most would, but he indeed got "value" for his money, any way
> >you look at it.
> >
> >And, fortunately , there will ALWAYS be the $1,000 Triumph awaiting
> >those of us who want to get our hands dirty : - )
> >
> >Larry Miceli
> >Gold Coast Triumph Club
> >Pompano Beach, Florida
> >'73 Stag
> >'66 Herald
> >
> >
> >
> >
>
>
|