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Jan 19, 2013 17:05:30 GMT
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This is nonsense. A car is worth what the market will pay for it. No more, no less. If someone pays £6000 for it, it is worth £6000. If not, the price will be reduced until, what someone is prepared to pay and what the seller will accept are matched. Basic economics that works with every market from sausages to classic cars.
Just because this car sells for £6000 doesn't mean the values of similar cars will rise. The same market forces work on them too.
I've seen this seller's cars advertised with the original asking price reduced, proving the point above.
Asking prices are meaningless. Selling prices matter.
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Last Edit: Jan 19, 2013 17:06:33 GMT by cecotto479
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Jan 19, 2013 17:12:43 GMT
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Lol kgf will be laughing their collective dicks off! 1200 odd views, can't buy that publicity
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Jan 19, 2013 17:47:39 GMT
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Freddie Mercury never owned this? That doesn't even make any sense. Too much for me to afford? No. The fact is someone will buy it. Then when they do, other mk2 sellers will see this and say "hey, if he can get 6k for his, i'll try it with mine". Before you know it, the markets full of mk2's worth in reality 2-3k, going for 6k. Then those that CANT afford it are forever out of the market for a decent mk2. And don't automatically assume because someone pays 6k for a car, they'll look after it...not always the case. And if you don't get the point, then you really need to ask if you understand classics at all. Its like over inflated house prices, it damages the market, it isn't rocket science really. Over inflated houses prices have never damaged the market because their prices always reflected demand. At least base your argument on a coherant example! What is there to understand about classics? Some command a premium and some don't. You can buy 3 reasonable 6A Scimitars for the price of a decent and inferior 2.8 Injection Capri. Why? There are more potential buyers for a 2.8 Crapri than there are good ones on the open market. Higher demand pushes up prices,it works just the same elsewhere because its how capitalism works and if you don't get that, more fool you. The World isnt fair, its not equal and some of us will be the "haves" and some of us will be the "have nots" Personally, Id love something like a good MK3 Zodiac but they are way out of my price range. Who should I blame for that? Its life, I accept that somethings will not be within my reach but I wont get all bitter and twisted about it. "Classics" is a very loose term and the MK2, in my eyes is NOT a classic so people shouldnt be getting all precious about Golf prices. The arguments against the dealer are frankly weak and a bit pathetic. If there are plenty of decent MK2s out there much cheaper then buy the bloody cars, under cut him and stop moaning FFS!! And thats exactly why things are in such a state with the country. Because people like you wont stand up to be counted. You'd rather just sit back and take a good shafting from the dealers/MP's. All in all this is getting a tad silly now, so i've said my piece, if you don't like/agree with it, thats your perogative, more the fool you. And as you quote capitalism to make some kind of point, I too shall quote it, simply by stating the fact, we still have freedom of speech, and freedom of opinion.
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1991 Scirocco Scala, 2.0litre Brands Hatch motor, SOLD!!
2000 curse word Polo.
1997 Audi S8 in a kinda grayish. (Gone.)
violetish,darkish colour.
BMW E28 518i Lux
ON the lookout for something interesting/uniqueish
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Jan 19, 2013 18:29:25 GMT
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Freddie Mercury never owned this? That doesn't even make any sense. . Bloody hell, learn to read properly! I never said Freddie owned this but David Niven did. I brought Freddies RR Shadow up as an example because people will pay more money for a car owned by a famous person. i think you need to have a sit down and a cup of tea
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If it ain't broke, I'll break it
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Jan 19, 2013 18:35:25 GMT
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Freddie Mercury never owned this? That doesn't even make any sense. . Bloody hell, learn to read properly! I never said Freddie owned this but David Niven did. I brought Freddies RR Shadow up as an example because people will pay more money for a car owned by a famous person. I think you need to have a sit down and a cup of tea You prat. It's not THE David Niven because he died in July 83. Think before you type!
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1991 Scirocco Scala, 2.0litre Brands Hatch motor, SOLD!!
2000 curse word Polo.
1997 Audi S8 in a kinda grayish. (Gone.)
violetish,darkish colour.
BMW E28 518i Lux
ON the lookout for something interesting/uniqueish
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Rob M
Posted a lot
Posts: 1,915
Club RR Member Number: 41
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Jan 19, 2013 18:53:30 GMT
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Over inflated houses prices have never damaged the market because their prices always reflected demand. At least base your argument on a coherant example! What is there to understand about classics? Some command a premium and some don't. You can buy 3 reasonable 6A Scimitars for the price of a decent and inferior 2.8 Injection Capri. Why? There are more potential buyers for a 2.8 Crapri than there are good ones on the open market. Higher demand pushes up prices,it works just the same elsewhere because its how capitalism works and if you don't get that, more fool you. The World isnt fair, its not equal and some of us will be the "haves" and some of us will be the "have nots" Personally, Id love something like a good MK3 Zodiac but they are way out of my price range. Who should I blame for that? Its life, I accept that somethings will not be within my reach but I wont get all bitter and twisted about it. "Classics" is a very loose term and the MK2, in my eyes is NOT a classic so people shouldnt be getting all precious about Golf prices. The arguments against the dealer are frankly weak and a bit pathetic. If there are plenty of decent MK2s out there much cheaper then buy the bloody cars, under cut him and stop moaning FFS!! And thats exactly why things are in such a state with the country. Because people like you wont stand up to be counted. You'd rather just sit back and take a good shafting from the dealers/MP's. All in all this is getting a tad silly now, so i've said my piece, if you don't like/agree with it, thats your perogative, more the fool you. And as you quote capitalism to make some kind of point, I too shall quote it, simply by stating the fact, we still have freedom of speech, and freedom of opinion. Ummm. Oh dear! The country is in a state for more reasons than a dealer selling a bloody Golf for an"inflated price!" People like me are not being shafted by anybody thank you, please don't assume that I am, you don't know my personal circumstances and you are not an unofficial spokesperson for the destitute and hard up either. I'm not sure the classic car movement needs a Swampy type character to go and camp in its boot to stop it being sold to poor unsuspecting down trodden persons so why assume you are part of a majority thats fighting for the right to a fair sale price when its his car and he can do what the hell he wants to with it? You are quite right though, we still, indeed have the freedom of speech and opinion. You have that freedom to express your thoughts and the dealer has the freedom to sell HIS car for whatever he wants to, ok? I don't see any difference TBH, you cannot deny him that right in a free and democratic society,unless you feel that he should be forced to sell the vehicle at what you would consider to be fair and that would hardly be democratic tho, right? Nowt wrong with me fella, I'm not living in a fantasy world...
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Jan 19, 2013 19:06:13 GMT
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Ha ha. Swampy type? You obviously know nothing about me either. And I'm certainly not a spokesperson(very pc) for anyone, just exercising ones right to an opinion.
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1991 Scirocco Scala, 2.0litre Brands Hatch motor, SOLD!!
2000 curse word Polo.
1997 Audi S8 in a kinda grayish. (Gone.)
violetish,darkish colour.
BMW E28 518i Lux
ON the lookout for something interesting/uniqueish
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Jan 19, 2013 19:14:14 GMT
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Errmm, wow........... ? Nice car. Good luck with the sale
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Jan 19, 2013 19:36:00 GMT
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well Sean I bow to your superior knowledge of everything ever, although his son was also called David but whatever. Either way its still the best looking MKII with the lowest mileage I've seen, people spend lots more money on wine but each to there own. I know personally I'd rather spend a couple of grand more on something that's done less miles than most 4 year old euroboxes and has a completely traceable history then some piece of curse word that's been knicked/damaged then resprayed and had some nice wheels put on it or a trick engine put in. as with pretty much everything a completely factory standard example will be worth more than something someones dicked about with in their garage. but as we now know you're the authority on everything and i will now follow your example and cast aspersions on every one else who has an ad up that i think might be a bit thick price wise, theres a dodgy looking scirocco in the ads that grabs my attention
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If it ain't broke, I'll break it
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Jan 19, 2013 19:43:42 GMT
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Ha ha, I don't know, nor do I claim to know everything. I simply check things out first, you should try it some time. I'll give you that though, sometimes it is better spending more on something that doesn't need work than doing it yourself, but isn't that why we're here? And that "dodgy" scirocco to which you refer, that'll be mine. Lord knows why you'd consider it dodgy though, its straighter than Richard Hammonds perfect teeth. But then I'm not asking 6.5k for it am I? Now if you have a proper point to make then do so, but please don't try to tell me a mk2 gti is worth 6.5k because, possibly, David Nivens son may have owned it. Anyway, I'm done here, I'll let one of you gents have the last word. Good luck with the sale pal.
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Last Edit: Jan 19, 2013 19:49:54 GMT by seanr68
1991 Scirocco Scala, 2.0litre Brands Hatch motor, SOLD!!
2000 curse word Polo.
1997 Audi S8 in a kinda grayish. (Gone.)
violetish,darkish colour.
BMW E28 518i Lux
ON the lookout for something interesting/uniqueish
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grahamj
Part of things
Old enough to know better....
Posts: 274
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Jan 19, 2013 19:59:24 GMT
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I work on cars for a living, have done 500k+ miles in same era Golfs and VWs. If it was a choice between a £5-6k 2 year old Mondeo/vectra or this Gti, i would go for the Golf, be 200k trouble free miles IMO, a newer car be worth nothing in 5 years, if its still going............ I bought my Lotus Sunbeam 10 years ago for 1500 quid, nobody wanted them. A sister car to mine has just sold for over 16k, doesnt mean mine is worth that, people pay over the odds if they want it bad enough, the Sunbeam owner admitted he paid too much, but he had the disposable cash and wanted that one bad! .. the ebay culture seems to be setting the market, price guides are worth nothing, its what someone is prepared to pay for it, i say leave the dealer alone, as to pricing, go find another in the same nick, mileage and history?- you pays your money or.............takes your choice. Seems a good investment, if thats 'your bag'.
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2005 VW T5 Dayvan 1997 VW T4 Dayvan Vauxhall Nova 2 Litre Redtop 1970 Moggy Van.. 94 vw Passat Bus 1985 Vauxhall Nova Base show car 1987 Vauxhall Nova 1.4 16v XE Rallycar
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Jan 19, 2013 20:02:11 GMT
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it was a bit of a dig thats all you scirocco looks pretty decent, i don't even know why i'm bothering i don't really like vw's
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If it ain't broke, I'll break it
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kite
Part of things
Posts: 260
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Jan 19, 2013 22:59:48 GMT
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KGF1 loving it,
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THE_Liam
Yorkshire and The Humber
If at first you don't succeed... HAMMERS.
Posts: 1,363
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Wow, political debate sparked by mint hot hatch shocker...
Golf looks amazing, and I agree that it's only worth what someone will pay.
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dungbug
Posted a lot
'Ooligan!
Posts: 2,852
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Jan 20, 2013 10:29:49 GMT
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*Waiting for Godwins Law* ;D
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Past: 13 VW Beetles from 1967 - 1974 Bay Window Campers (1973 & 1974) Mini's (1992 Cooper lookalike & 1984 '25 Anniversary) MK2 Polo Coupe S (1984 & 1986) MK2 Polo Breadvan (1981 & 1984) MK4 Escort (1989) MK2 Granada Based Hearse (seriously) Fiat Uno 60S (1986) Punto 60S (1998) Cinq (1997) 1998 Yamaha YZF600R Thundercat 2003 Ford KA
Current: 2004 Ford Focus (barely alive)
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Jan 20, 2013 16:19:02 GMT
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and thats where the problems (for the average individual begin) limited number available, a few people who perhaps don't know better (or don't care) start to pay over the odds and the prices rise. it wont likely happen to the same degree with a mass produced hot hatch as a limited edition low numbers car - but the principle is the same. The damage really occurs when supply falls and people with more money than sense decide they want (and must have) have it - at that point they affect the market I've gotta say, that is a very poor attitude to have If I've read that right, you're saying that because someone else has the money to spend on something that you might not have the money for, and because you think that you want or deserve it more than them, that they shouldn't be allowed to buy it? Do you say the same for people with larger houses then you? Or maybe the couple that go on holiday often to a place that you really want to visit? I have a passion for film photography, and the same can be applied to classic cameras. Do I moan about wealthier people who buy the best Leica or Hasselblad, even though they don't understand how to use it? No I don't, because I'm an adult. Toy's and pram come to mind. Don't be bitter about things out of your control.
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sooty
Part of things
Posts: 447
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Jan 20, 2013 16:50:17 GMT
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For those that are worried about the state of the economy, if KGF does sell for a huge profit, just think of the large sum of VAT he'll be paying.
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2016 Dodge Charger Scat Pack 2008 Jeep Liberty Limited
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