coupelady
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Maybe we have already "gone here"?
Are you aware of the Buyer's Guide in the May 2016 Hemmings?
pages 32-37. Basically it says that our cars are worth:
low average high
$12,000 $28,000 $40,000
Of course there are many ways to look at this statement from Hemmings in my opinion. It is all in the hands of the buyer and what they are willing to pay. One can always start high and come down on a selling price. Luckily I am not faced with having to sell but revisiting the value I have placed on the car for insurance values might be in order. Trying to replace the car if something happened to it would be so hard to do, most of us would repair what we have, I am sure, unless it is totaled or stolen. I have read in the past: keep all your paperwork and proof that the car is well restored/repaired has done well at shows/publications for instance. Get an appraisal, it is well worth having a "second" opinion from someone else as to what you have.
Some of us had a lively conversation about value of our e9s at the Euro Auto Festival in Greenville, SC last year when we had 8-10 CS at the event. Actually our cars are rare in that about 400 autos and 400 4 speeds were imported to the US per year. Lots of them have gone away for various reasons (crusher, totals, parts) so the numbers have dwindled more. And so many of us are not letting go of our cars. Case in point: We spent some time at an inn at the Highlands Motoring Festival with one of the the car acquisition fellows from Bonhams auctions. He made the statement that he has found that people who own the nicer BMWs don't want to sell. He kept humming around my coupe..........
Are you aware of the Buyer's Guide in the May 2016 Hemmings?
pages 32-37. Basically it says that our cars are worth:
low average high
$12,000 $28,000 $40,000
Of course there are many ways to look at this statement from Hemmings in my opinion. It is all in the hands of the buyer and what they are willing to pay. One can always start high and come down on a selling price. Luckily I am not faced with having to sell but revisiting the value I have placed on the car for insurance values might be in order. Trying to replace the car if something happened to it would be so hard to do, most of us would repair what we have, I am sure, unless it is totaled or stolen. I have read in the past: keep all your paperwork and proof that the car is well restored/repaired has done well at shows/publications for instance. Get an appraisal, it is well worth having a "second" opinion from someone else as to what you have.
Some of us had a lively conversation about value of our e9s at the Euro Auto Festival in Greenville, SC last year when we had 8-10 CS at the event. Actually our cars are rare in that about 400 autos and 400 4 speeds were imported to the US per year. Lots of them have gone away for various reasons (crusher, totals, parts) so the numbers have dwindled more. And so many of us are not letting go of our cars. Case in point: We spent some time at an inn at the Highlands Motoring Festival with one of the the car acquisition fellows from Bonhams auctions. He made the statement that he has found that people who own the nicer BMWs don't want to sell. He kept humming around my coupe..........