HB GT on autotrader

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Re: HB GT on autotrader

Postby edgoose1 » Tue Oct 09, 2018 7:57 pm

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Re: HB GT on autotrader

Postby pbottomley » Tue Oct 09, 2018 9:54 pm

Why have you bought a VW LT coupe?
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Re: HB GT on autotrader

Postby edgoose1 » Wed Oct 10, 2018 8:07 pm

pbottomley wrote:Why have you bought a VW LT coupe?

I liked the Carbs :D
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Re: HB GT on autotrader

Postby Colin » Sun Oct 14, 2018 9:48 pm

Well, with over 260 ebay watchers today the GT generated a huge amount of interest.

A little over a week after the ebay classified ad appeared it has today been withdrawn. The item is 'no longer available'. So I'm guessing a deal has been done.

https://www.ebay.co.uk/itm/Vauxhall-Viv ... true&rt=nc

I hope the buyer enjoys this very nice Viva GT. 8)
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Re: HB GT on autotrader

Postby ken707 » Tue Oct 16, 2018 6:25 pm

If Escort prices have gone static it's not surprising, bit like the house prices pre recession, couldn't sustain the mad increases
Brexit?.. no one knows so I'm going to remain upbeat, trade works both ways, Europe needs our products as much as we need theirs.
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Re: HB GT on autotrader

Postby Colin » Tue Oct 16, 2018 10:28 pm

I think there's an inversely proportionate relationship between interest rates and classic cars prices.

When interest rates are high, as in the late 1980s, people sell their antiques and classic cars and put the money in the bank where it will attract high interest - reducing classic car demand and hence values as seen in the classic car price crash of late 80s and early 90s.

In 1989 interest rates hit 15% to 16% - hence everyone rushed to sell their classic cars and instead put their money into high interest accounts - causing the bottom to fall out of the classic car market.

When interest rates are low, as over the last ten years, there's no money to be made in bank interest and so people speculate by buying classic cars and antiques - driving demand and price increases.

I think we can expect to see prices remain buoyant for as long as bank interest rates remain low.
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Re: HB GT on autotrader

Postby Colin » Sat Oct 20, 2018 12:03 am

As usual I'm wrong. Not sold after all...

https://www.ebay.co.uk/itm/Vauxhall-Viv ... :rk:8:pf:0
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Re: HB GT on autotrader

Postby edgoose1 » Sat Oct 20, 2018 4:24 pm

Colin wrote:I think there's an inversely proportionate relationship between interest rates and classic cars prices.

When interest rates are high, as in the late 1980s, people sell their antiques and classic cars and put the money in the bank where it will attract high interest - reducing classic car demand and hence values as seen in the classic car price crash of late 80s and early 90s.

In 1989 interest rates hit 15% to 16% - hence everyone rushed to sell their classic cars and instead put their money into high interest accounts - causing the bottom to fall out of the classic car market.

When interest rates are low, as over the last ten years, there's no money to be made in bank interest and so people speculate by buying classic cars and antiques - driving demand and price increases.

I think we can expect to see prices remain buoyant for as long as bank interest rates remain low.

Totally agree thats why people with money invest in cars. but seems this one is a little over priced
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Re: HB GT on autotrader

Postby Colin » Sat Oct 20, 2018 9:15 pm

Absolutely agree Carl. This one sold after restoration for £10k a couple of years ago. It certainly hasn't nearly doubled in value over a couple of years.
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Re: HB GT on autotrader

Postby Colin » Wed Dec 26, 2018 10:57 pm

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