Real values on our PT cars.... - Page 2 - Lateral-g Forums

**Steve1968LS2** · #11 07-28-2011, 04:56 PM

But seriously.. cars ARE NOT INVESTMENTS.. they are hobbies and people need to realize that it's rare to get the money back out.

There's also the rule that something is only worth what someone else is willing to pay.

If I have a $5000 Rolex watch and the best offer I can get to sell it is $100 then guess what.. it's a $100 Rolex watch.

In other words what an owner percieves as value is fairly meaninless.

**Streetking** · #12 07-28-2011, 05:19 PM

Quote:

Originally Posted by Steve1968LS2

But seriously.. cars ARE NOT INVESTMENTS.. they are hobbies and people need to realize that it's rare to get the money back out.

There's also the rule that something is only worth what someone else is willing to pay.

If I have a $5000 Rolex watch and the best offer I can get to sell it is $100 then guess what.. it's a $100 Rolex watch.

In other words what an owner percieves as value is fairly meaninless.

Exactly!

Ah the good old days when Penny was a infant..

My wife was shaking her head when I told her she had to keep he brand new BMW X5 outside because a old Chevy was taking it's spot..

SLO_Z28 · #13 07-28-2011, 05:38 PM

You'll never get out of it what you have into it. You have to build a car to suit your tastes. I know that I could rebuild my same car in under 6 months for under 10 grand so I have no problems taking it out to all the events I can, and beating the hell out of it. I know that I will never sell my car ever and thats good enough for me. You can ASK whatever you want for a car, getting it is another story...

Vegas69 · #14 07-28-2011, 05:40 PM

I knew Penny had a sex change.

**Flash68** · #15 07-28-2011, 06:04 PM

Quote:

Originally Posted by Steve1968LS2

If I have a $5000 Rolex watch and the best offer I can get to sell it is $100 then guess what.. it's a $100 Rolex watch.

You are right in your general analog, but using a $5k Rolex watch, or any other expensive good watch, is not a good example. They usually hold and often increase in value. Actually, a quality watch is a good example of a discretionary consumer item that can be a very good investment.

Ok, now back to overpriced PT cars.

**Steve1968LS2** · #16 07-28-2011, 07:11 PM

Quote:

Originally Posted by Flash68

You are right in your general analog, but using a $5k Rolex watch, or any other expensive good watch, is not a good example. They usually hold and often increase in value. Actually, a quality watch is a good example of a discretionary consumer item that can be a very good investment.

Ok, now back to overpriced PT cars.

Yea, but the principal that anything is only worth what someone is willing pay is one of the great life truths.

**Steve1968LS2** · #17 07-28-2011, 07:13 PM

Quote:

Originally Posted by Vegas69

I knew Penny had a sex change.

What's funny is that when you look at those pictures the car looks almost the same from the outside.. flatter hood, but pretty much identical.

But every part has been changed except the cage, steering column, rearview mirrow and a couple of other widgets.. what was I thinking?

The big block sounded killer.. I think it got 4mpg.. seriously..

Van B · #18 07-28-2011, 08:05 PM

Quote:

Originally Posted by Steve1968LS2

But seriously.. cars ARE NOT INVESTMENTS.. they are hobbies and people need to realize that it's rare to get the money back out.

There's also the rule that something is only worth what someone else is willing to pay.

If I have a $5000 Rolex watch and the best offer I can get to sell it is $100 then guess what.. it's a $100 Rolex watch.

In other words what an owner percieves as value is fairly meaninless.

I'll give you $200 for the Rolex...

Vegas69 · #19 07-28-2011, 09:50 PM

I have to say Penny looked great with those wheels and a big block in him.

(except for that drivetrain angle) That RHS LSX is bad.... Car has come a long way. I'll be ready to go heads up soon....

**Steve1968LS2** · #20 07-28-2011, 10:05 PM

Quote:

Originally Posted by Vegas69

I have to say Penny looked great with those wheels and a big block in him.

(except for that drivetrain angle) That RHS LSX is bad.... Car has come a long way. I'll be ready to go heads up soon....

It's actually amazing how diff the car is but how it looks the same..

Anytime on the rematch Todd, it would be fun.. and if I loose then at least it's to another Camaro

Guess I need to finish that 502 RHS LS I was working on..