Someone I know paid £60k for a Ford Escort, but then it was pocket money to him.
Did he buy it to use or as an investment?
I think people see the prices of these crappy old Fords going through the roof and they simply jump on the bandwagon.
No doubt some do, but I think it’s often the case that nostalgia kicks in and the demand outstrips supply.
Perhaps obsessed wasn’t the word I was looking for. I’m basically saying many people seem to be making the assumption that this car would only be worth buying if held all of its value or gained an extra £10k.
I certainly don’t.
That'll be me. I always lose money on them, too...
That’s exactly what I have been trying to say!If you look at it this way.
You get it for 22 Grand, use as AMG intended and put 20k on it and sell it after 2 years for say 15 Grand, thats only a 7 grand loss which is less than the original owner lost just driving it out of the showroom ?
Doesnt seem bad value to me
Don't know - he has a large collection, probably worth millions. He's the type who doesn't sell stuff anyway.
I know what I'd rather be driving ! (and truth be told she would probably prefer the clk as well)
When you put it that way it sounds good.If you look at it this way.
You get it for 22 Grand, use as AMG intended and put 20k on it and sell it after 2 years for say 15 Grand, thats only a 7 grand loss which is less than the original owner lost just driving it out of the showroom ?
Doesnt seem bad value to me
Although I agree, it’s all relative.There is only one fool in this scenario, the original owner who bought a AMG that deserves to be driven and didn't
Knob !
Although I agree, it’s all relative.
They might have several cars, or live overseas or something, or just like looking at it in their garage.
£ per mile it’s a lot of depreciation but then £30/40k spread over nearly two decades doesn’t seem that bad either.
I’m sure people who change their car every year or two lose far more!
We’re all different, it’s nice that there’s a few ultra low mileage timewarp examples of cars out there still.
The actual money lost is pretty irrelevant as it was over a such a long period and we do not know the owners circumstances. I have previously owned 5 190's and probably lost well over 10 grand on them faffing about - and my total mileage in all of them combined - probably less than 1000 miles !
