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Old 05-14-2005, 06:59 AM
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Default Re: World Record Price for Yenko Camaro?

Whitetop, you miss the whole point... sure, its cool to know a car you have is "worth" more than you paid, and sure its only smart to insure it for what its "worth", simply because if something happened to it and it needed to be replaced, i'd have to pay the current "worth" price to replace it... but if (and thats a big if) these cars started to decline in price, would I hurry up and put it on ebay or try to sell it quick tot he first guy with a fist full of dollars? Heck no... to me, i don't really care if my car is worth twice what I paid or half what i paid... its not an "investment", its a dream come true. In some odd way i almost wish they WOULD fall flat on their face as far as "value" goes, because I'd love to buy about a half dozen more of them. To me they were just as cool, just as fast, and just as rare when they were "worth" 25 grand as they are now. I will also like these cars just the same if someday I am the only one left in the world that is still "into" them. That's not going to happen though, as there are more and more people looking to buy, own, drive, show, and enjoy these cars every day... hence the ever increasing prices. The prices don't go up simply because people are "investing" in them, the prices go up because more people want them, and they don't make them anymore, so whatever is out there already has to be divided up among all the poeple who want them. These cars were expensive 10 years ago, 5 years ago they were even more expensive, and 5 years from now they will likely be even more expensive still... or then again maybe they won't be...In either case, I will be happy, as the car i have will still be the same and mean the same to me. I know thats hard for an "investor" or "speculator" to imagine, but its true. I don't think I'm alone in this thought either.
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