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sunroof Samba Member
Joined: October 06, 2006 Posts: 1768 Location: Winnipeg
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Posted: Fri Feb 02, 2018 9:54 am Post subject: Bring A Trailer |
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I wish there was an auction page here like BAT where we could get a true idea of the value of the for sale cars. One can get a real car education from the discussions held there.
Don _________________ Better and better mistakes! |
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hitest Samba Member
Joined: September 30, 2008 Posts: 10296 Location: Prime Meridian, ID
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Posted: Fri Feb 02, 2018 4:24 pm Post subject: Re: Bring A Trailer |
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True idea of value has never, ever been assessed based on an auction-sold car. Auctions provide only the auction value of one car once- with just two interested buyers. Resale is much closer to establishing value.
If two people want the same car and jack the price to the heavens a true value assessment cannot be had. Two Boneheads with money do not a market make. Conversely when the same-caliber car comes up next week- maybe those two same nutjobs are now on vacation or are into Volvos instead. _________________
EverettB wrote: |
I wonder what the nut looks like.
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'62 L390 151, '62 L469 117, '63 L380 113, '64 L87 311, '65 L512 265, '65 L31 SO-42, '66 L360 251, '68 L30k 141, '71 L12 113, '74 ORG 181
FU#5 |
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Busstom Samba Member
Joined: November 23, 2014 Posts: 3837 Location: San Jose, CA
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Posted: Fri Feb 02, 2018 6:00 pm Post subject: Re: Bring A Trailer |
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Yep, I've said it before: "Auctions, the only place where you haggle the price UP!"
And yet it's those very "boneheads" that are wholly responsible for the current Type 2 market condition, which is ridiculous. |
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heimlich VWNOS.com
Joined: November 20, 2016 Posts: 6589 Location: Houston, Texas
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Posted: Fri Feb 02, 2018 6:12 pm Post subject: Re: Bring A Trailer |
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Busstom wrote: |
Yep, I've said it before: "Auctions, the only place where you haggle the price UP!"
And yet it's those very "boneheads" that are wholly responsible for the current Type 2 market condition, which is ridiculous. |
Might be a bit more than that. There are a lot of people who drive SUV's. The type 2 is closer in size than say, the type 1.
There are a lot of reason to have a type 2. I'd like to have one, any but they are unreasonably priced. _________________ www.vwnos.com [email protected]
Classic Brands. Classic Quality.
Not all parts are made the same. NOS OE/OEM parts made mainly in West Germany, Early Germany, and Early Brazil are where VW produced the best quality parts and best fitting products.
5% Off your order with coupon code: 5%OFF
Restored Distributors Available (<--Click here) |
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hitest Samba Member
Joined: September 30, 2008 Posts: 10296 Location: Prime Meridian, ID
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Posted: Fri Feb 02, 2018 8:18 pm Post subject: Re: Bring A Trailer |
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Busstom wrote: |
Yep, I've said it before: "Auctions, the only place where you haggle the price UP!"
And yet it's those very "boneheads" that are wholly responsible for the current Type 2 market condition, which is ridiculous. |
Indeed, semi-inebriated fourth-day bidders at Westworld have caused plenty of type 2 headaches. I'm comforted in knowing those guys represent a small percentage of buyers- and are rarely type 2 people. The rest of us still know the real field of values. Yes- the separation between good and excellent is divided by five digits now instead of a few hundred bucks- but we're all kind of to blame for that. _________________
EverettB wrote: |
I wonder what the nut looks like.
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'62 L390 151, '62 L469 117, '63 L380 113, '64 L87 311, '65 L512 265, '65 L31 SO-42, '66 L360 251, '68 L30k 141, '71 L12 113, '74 ORG 181
FU#5 |
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sunroof Samba Member
Joined: October 06, 2006 Posts: 1768 Location: Winnipeg
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vwinnovator Samba Member
Joined: July 11, 2005 Posts: 1555 Location: Still doing it in the back of your VW
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Posted: Wed Feb 07, 2018 5:18 am Post subject: Re: Bring A Trailer |
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True value of anything is ZERO until you have a willing buyer/barterer to take it off your hands.
In fact, for the most part, the value is at a constant negative as your absorbing the cost of storing and maintaining it in hope to find that willing purchaser to take it off your hands.
It should be all too obvious that what one person may take off you hands for $10,000 another person wouldn't take off your hands for $500..
True value really boils down to TIME.
How much time do you want to possess the it before you move it along to the next possessor.
Sit on a car for 5yrs and how much time has that cost you vs. time with another car? |
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sunroof Samba Member
Joined: October 06, 2006 Posts: 1768 Location: Winnipeg
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Posted: Wed Feb 07, 2018 1:59 pm Post subject: Re: Bring A Trailer |
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That made no sense at all. It sounds like you go to your insurance agent and say "my car has no value but I would like to insure it anyways" I'm strictly talking about assessed value for insurance purposes or if a person is trying to judge whether a seller is asking a good price or what a good starting price might be on a car someone is wanting to sell. Existential questions like what is the "true" value of something have no place here.
Don _________________ Better and better mistakes! |
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hitest Samba Member
Joined: September 30, 2008 Posts: 10296 Location: Prime Meridian, ID
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Posted: Wed Feb 07, 2018 6:56 pm Post subject: Re: Bring A Trailer |
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Well Don you're right- very indicative of 'true value'- at one Online Auction House
Now what's the 'true value' of the 100s of these cars sold every year privately? Exactly. Rather inconclusive and incomparable.
Auctions results accurately represent the following exclusively: Auction sold prices at their respective auctions. _________________
EverettB wrote: |
I wonder what the nut looks like.
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'62 L390 151, '62 L469 117, '63 L380 113, '64 L87 311, '65 L512 265, '65 L31 SO-42, '66 L360 251, '68 L30k 141, '71 L12 113, '74 ORG 181
FU#5 |
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vwinnovator Samba Member
Joined: July 11, 2005 Posts: 1555 Location: Still doing it in the back of your VW
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Posted: Wed Feb 07, 2018 8:00 pm Post subject: Re: Bring A Trailer |
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sunroof wrote: |
That made no sense at all. It sounds like you go to your insurance agent and say "my car has no value but I would like to insure it anyways" I'm strictly talking about assessed value for insurance purposes or if a person is trying to judge whether a seller is asking a good price or what a good starting price might be on a car someone is wanting to sell. Existential questions like what is the "true" value of something have no place here.
Don |
In that case, the value is what ever carmax is willing to give you... |
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kingkarmann Samba Member
Joined: November 05, 2003 Posts: 4111
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Posted: Fri Aug 09, 2019 8:48 am Post subject: Re: Bring A Trailer |
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Bringing up this old thread again
What's our VW's worth? Like others have said it's whatever was negotiated.
The folks who founded BAT are IMO, BRILLIANT!
The brilliant part of BAT is the their "Auction Results"
At some point I will probably sell the KG. most likely on BAT. Like the stock market, I believe BAT's specific model "Auction Results" is a great tool to decide to sell or hold. Insurance values vs. market values are very different but using BAT and other resources I can come up with an educated price. |
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[email protected] Samba Member
Joined: February 12, 2003 Posts: 510
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Posted: Fri Aug 09, 2019 7:53 pm Post subject: Re: Bring A Trailer |
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Every other year, when it's time to reap my collector car insurance, I call them and ask what the max is for my cars. When I bought my 73 Thing, they would only insure it for 13K, this year it's up to 30K. The lady I talked to was surprised about this also, and my wifes 83 240D Mercedes will only insure for a max of 8K, kind of funny in a way. Both are showroom condition |
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my59 Samba Member
Joined: August 13, 2003 Posts: 3789 Location: connecting the dots
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Posted: Sat Aug 10, 2019 4:37 pm Post subject: Re: Bring A Trailer |
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[email protected] wrote: |
Every other year, when it's time to reap my collector car insurance, I call them and ask what the max is for my cars. When I bought my 73 Thing, they would only insure it for 13K, this year it's up to 30K. The lady I talked to was surprised about this also, and my wifes 83 240D Mercedes will only insure for a max of 8K, kind of funny in a way. Both are showroom condition |
In CT you pay personal property tax to the town your cars are registered in, tax based on 70% appraised value. Town does the appraising, unless you want to challenge them on it. Out of the three pre-80's cars I own, I pay 12 times more on the bus than the others! _________________ my59: Well son, my grandfather died before I got to drive it, so does that answer your question?
our79: sunroof bus w/camper interior and 2.0 FI
Other:'12 Jetta, '77 Benz 300D, and a 74 MG Midget. |
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