unit wrote:
cmohr wrote:
unit wrote:
Fact is what something is actually worth and what someone is prepared to pay for it are two completely different things.
I Love it when people come up with this comment!!!!!
Its like you read it somewhere once and thought you would pass it on as your own.
No it is my own comment actually, I come across SO may people with a $20,000 cooper "s" because someone once paid that for one. I've had own my "s" for 23years, fact is to me its priceless, no amount of money will convince me to sell it. To me it's about the car not what its worth. So does that mean its worth $1000000 dollars on a bank loan, I think not.
And if the REDBOOK price was $20000, that would mean ALL cooper "s" would be worth that regardless of condition.
Seems your more interested in the monetary value of the car than the "value" of owning an "s".
You have no idea!!!
I said i wouldnt sell the car Its been in the family for 38years.
The point was i thought 8000 for a classic that SOME people pay allot of money for
didnt add up. I dont see any low mile 1 family owned cooper s's for sale for $8000.tThe point is where do they get this value when clearly they are bringing more.
As stated from another member here classic cars puts the value allot higher.
Good bye!
I am Sorry unit, but, my comments were not ment to offend you or your "s". As is the rest of my comments, I don't wish to offend, but, this is where I'm coming from.
I'm positive with the credentials that your car has it would be worth a great deal to replace/rebuild. And , god forbid, if you every did sell, someone would have to part with a huge bag of money to convince you to part with it. But, I stand by the low valuation for use as a security against a loan.
I know what can be fetched by a good brick, but, this is the Redbook price that I am refering to.
9yrs ago I was called by someone offering 14500 for mine , and, it was in peices under the house, I thanked them for their interest but declined the offer.
I too believe that I am the second owner of my "s", it was originally bought as a race car, then, as a show car. I was member number 48 in the original old QMCC. I bought it 1983, it's a 1965 mk1, and its body number is in the first 1000 made. I have rebuild the engine myself 3 times, and am again restoring it, I have hand sanded shell to metal, and sprayed it myself, my father has hand sewen the carpets to be original paterns and joins, I have used original vinyls for interior and roof linings, I have done all the mechanial work myself.
I have keenly watched prices of all kinds of mini's on the market over the years and often read peoples posts of forums such as this, about the price the car was originally advertized for and then what they paid for it, the two mostly being very very different.
Sorry for the rant, and I may be only new to this forum, but, I DO have an idea.
I hope you understand banks and accountants don't value mini's as much as we love them.......(unless the accountant owns one
)
cmohr
