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What should you pay for a car?
What is a car's value? How do you know whether you are paying to much? Obviously the most difficult question to answer and perhaps the most controversial. We have found from over 20 years of buying exotic and classic cars that logic tends to get brushed aside in favor of emotion. Our private collection is filled with cars that were fully priced when we purchased them and because they had a special meaning to us we were willing to pay a premium for a premium car.
For example we purchased a fully priced 1998 Dodge Viper GT 2 of which 100 were sold to the public in 1998. The car was sold by the original dealer to us on an open MSO with 54 miles and the plastic and window sticker still on the seats and window.
We love Vipers, we believe they are the only hand built American muscle car ever built. We think the GTS coupes built from 1996 to 2002 have classic lines and shape and are current modern classics. Therefore all logic aside we were willing to pay a premium for our GT2 because it was worth it to us to own that rare car in that condition. We probably paid to much but we didn’t buy it to sell it we bought it to enjoy owning it.Because it is rare and desirable the market will eventually catch up to us should we ever decide to sell it.
That I guess sums up our philosophy about how much to pay for a car. What is it worth to you to own a particular car that may be your dream car in perfect shape with your dream colors and options like you would have ordered when new if you could.
Therefore if you have come to us looking for a discount car you are probably looking in the wrong place. But while you are here surf over to our private collection to look at some really cool cars we have in all likelihood paid to much for!
Our inventory of cars for sale will be quite small and they are all cars we like to drive and would own ourselves and probably do. We only buy premium cars after a thorough some would say anal investigation and generally drive sellers nuts with the level of our investigation.
Our family tells us we have the buying of incredible cars down to a science but need therapy on the selling part. So don’t be surprised if when you call on a car for sale we have decided to keep it for ourselves. We will not buy a single car for resale that we wouldn’t keep for ourselves to own and enjoy.
However for those of you who feel more comfortable with a price guide or Evaluation book. These are the ones we have found to be reliable.
Keith Martins sports car market Magazine and pocket price guide. We are gold level subscribers to his service and find it to be fun and somewhat helpful. We say somewhat because even Keith can’t keep up with the appreciation level of premium musclecars. But he is quite good on current exotics and sportscars. You can subscribe and buy his guide by calling 800 289 2819
We also recommend the National auto research Black Book price guide. The information found in this book is taken from actual sales at collector car auctions and is therefore relatively accurate but sometimes dated. Also many newer exotics don’t sell through these auctions and are not covered but it is still a great source, we think.
We hope you enjoy surfing our website and perhaps find it somewhat informative as well.
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