Re: Chassis number
Posted: Sun Jan 09, 2022 8:52 am
To continue the off topic side of this thread, smiley
Grizzly wrote 'you tell people your experience of buying a car cheap and making a huge profit on it and then wonder why people do something similar as an investment'
Firstly, where did I say I made a huge profit on buying and selling? If you think buying something for £10k and then selling it for say £13k is a huge profit, we have a different interpretation of the word huge.
Secondly, to 'people who do similar as an investment', I say good luck to them. If their crystal balls tell them that certain Lotus or Ferrari cars, or whatever, are going to double in value over the next 10 years, where can I buy one. It may have pushed the price up of something that I would love to own, but cannot now justify spending the sort of money that that item may now command, tough titty, thats life.
Grizzly also wrote 'I know people that will buy anything they think they can make money on'
Well, what the hell is wrong with that. Its called earning a living. Whilst I sold my business years ago, I still love having a deal. It does not matter if that is selling something for 50 quid that cost me 20 or selling something for £10k that cost £8k, both deals would give me the same buzz, I just love doing business. I suspect we are cut from different rolls of cloth Chris, and nothing wrong with that. Just don't ask me to go into business with you.
Grizzly also wrote 'we still get collectors that would spend huge amounts of money to keep the appearance of originality'
Not sure what your point is here. Maybe that the collectors wanted their cars to look original. Well that is what the best restorer of Lotus cars EVER, Peter Day, tried and suceeded in achieving. Cars, that when restored, looked like they had just rolled out of the factory, only better, and that is why they command a high price when they come to market today.
And also wrote 'there are people i know that get more of a buzz from a profit made than driving a sports car down a country lane'
Well, I get a buzz from doing both actually, but maybe different buzzes.
Lastly, there is no doubt in my mind, that the bubble in certain share prices, house prices and classic car prices, has been driven by 14 years of ultra cheap money, but that is finally starting to come to an end. When we see interest rates normalise to somewhere near 3 -5%, which may still take years, then the crazy prices we see in certain sectors, may receed. Having said that, I do not believe that prices of Lotus cars from the era of the ones that we love, are in, or have ever been in a bubble.
Thank you and good night, I have been up a long time.
Leslie
Grizzly wrote 'you tell people your experience of buying a car cheap and making a huge profit on it and then wonder why people do something similar as an investment'
Firstly, where did I say I made a huge profit on buying and selling? If you think buying something for £10k and then selling it for say £13k is a huge profit, we have a different interpretation of the word huge.
Secondly, to 'people who do similar as an investment', I say good luck to them. If their crystal balls tell them that certain Lotus or Ferrari cars, or whatever, are going to double in value over the next 10 years, where can I buy one. It may have pushed the price up of something that I would love to own, but cannot now justify spending the sort of money that that item may now command, tough titty, thats life.
Grizzly also wrote 'I know people that will buy anything they think they can make money on'
Well, what the hell is wrong with that. Its called earning a living. Whilst I sold my business years ago, I still love having a deal. It does not matter if that is selling something for 50 quid that cost me 20 or selling something for £10k that cost £8k, both deals would give me the same buzz, I just love doing business. I suspect we are cut from different rolls of cloth Chris, and nothing wrong with that. Just don't ask me to go into business with you.
Grizzly also wrote 'we still get collectors that would spend huge amounts of money to keep the appearance of originality'
Not sure what your point is here. Maybe that the collectors wanted their cars to look original. Well that is what the best restorer of Lotus cars EVER, Peter Day, tried and suceeded in achieving. Cars, that when restored, looked like they had just rolled out of the factory, only better, and that is why they command a high price when they come to market today.
And also wrote 'there are people i know that get more of a buzz from a profit made than driving a sports car down a country lane'
Well, I get a buzz from doing both actually, but maybe different buzzes.
Lastly, there is no doubt in my mind, that the bubble in certain share prices, house prices and classic car prices, has been driven by 14 years of ultra cheap money, but that is finally starting to come to an end. When we see interest rates normalise to somewhere near 3 -5%, which may still take years, then the crazy prices we see in certain sectors, may receed. Having said that, I do not believe that prices of Lotus cars from the era of the ones that we love, are in, or have ever been in a bubble.
Thank you and good night, I have been up a long time.
Leslie