Buy or Not buy.
I do not think we need to be worried about market values.
What is a car worth? as much as you can get someone to pay for it.
Is a gold level Bugeye worth $30,000? Only if you can find someone to
buy it at that price.
I would rather have the basket case than some the rusty rolling shells
(no floors, seats, sills, engine, trans etc.) that I have looked at
where people are asking $1000.00 and up.
$800 for a basket case should have enough usable parts to be worth it
especially if you throw in the practical joke factor.
I say go for it.
>From: richard.arnold@juno.com (Richard D Arnold)
>My $0.02:
>
>If the car is truly a basket case and can be purchased for much less
than
>the $800.00, then I would say to go ahead and do it. A good supply of
>parts is a blessing....
>
>But, if it as a basket case and the price can not be negotiated
downward,
>then I would not purchase it. Even though individual exposure would be
>little (approximately $10.00 in most cases), every purchase of an LBC
at
>beyond market value for condition will over inflate the good examples
of
>vehicles in the future. I would respectfully suggest that in these
>cases one should not encourage the delusions of the DPO.
>
>Rich
>Council Bluffs, Iowa, USA
>
>'74.5 RB MGB "Miss Maggie"
>'78 Chevy Half-Ton "Waltzin' Matilda" (LBC Support Vehicle)
>'79 Midget "Miss Molly"
>
>richard.arnold@juno.com or rdarnold@neonramp.com
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