Quote:
Originally Posted by REAL 1
The Data. Lets start with a rolling chassis at $160,000.00 before tax. Lets then go to a 2 year wait. Then lets proceed to a detailed and quality authentic build out. You think you are getting into that aluminum Continuation Shelby for less than $200K? 
My data? The detailed appraisal and statement recently received setting out in detail with costs what it would take to re-do CSX4206 today from HRE/Billy Andrews. Why solicit a "third party appraisal" ? I have the car insured for an agreed value. Carrier has all the documentation on the car and understands what it is. There is no way I can duplicate my car today as it sits for less than $240,000.00 I was clearly advised this by Billy Andrews at HRE who is very familiar with my Cobra and knows it inside and out. He laid it out in writing in detail. Not winging it.
However, I'm not selling it. But I have had interest expressed to acquire at over $200K on more than one occasion and an owner of a near identical car out of HRE turned down $250K. Had my car sold in or about 2004/5 for $145,000.00 as I recall. I backed out of the deal.
But whatever you say. I'm "winging it". Ok.  |
"Interest" expressed a decade ago and an appraisal = Data? Most of us here know that "interest" and appraisals are worthless. I know the appraisal process very well (businesses, real estate, cars, etc.) as I'm sure you do. Educated guesses performed by uneducated people.
All I'm asking for is published sales where money actually moved between two unrelated entities or people. Everything else is pure nonsense in my part of the universe. I'll keep scouring my auction magazine (Sports Car Market) each month and will let you know when one does sell for $200K+.
There's a brand new alloy CSX4000 sitting at Hillbank for $199,000. Make them an offer, buy it, and then flip it for a profit. You could make a profit of 10-20%, which when annualized is an outstanding ROI.