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Old 01-08-2024, 11:17 AM   #19
Tim Ayers
Senior Member
 
Join Date: May 2010
Location: NJ
Posts: 6,252
Default Re: Prices going through the roof?

Quote:
Originally Posted by BRENT in 10-uh-C View Post
I guess the real question is what is the definition of 'decent'??

In my mind, the term 'decent' as it applies to a Model-A is a vehicle that does not need any type of mechanical repairs to be able to Start, Stop, and Steer reliably. A decent Model-A is one that the driver nor the occupants need to worry whether they will get to their destination without delays nor worries. After all, Model-As were 'decent' cars when they were new or slightly used, so that expectation should apply today.

As for prices falling, I think that factors when a Buyer looks at an older restoration and determine it has not been well maintained and now is going to require larger sums of money to bring the vehicle back to a 'decent' condition. For example, a 'restored' Model-A that sold for $30k around 5+ years ago that now needs a complete set of tires & tubes, a new battery, the gas tank restored, along with a full maintenance on chassis mechanicals will see that repair bill in excess of $10k if professionally performed. This scenario happens all too often as buyers seek a collector car purchase.

So yes, that vehicle that sold for $30k is now being sold in the lower $20k range ...however is the value of the vehicles dropping, -or is the condition of the vehicles dropping??
Why would a 5 year old restoration need the gas tank redone? Let's say the previous owner was smart and used non-ethanol gas and kept the tank full
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