DDK - Die Deutschen Klassiker

I got an agreed valuation done on 20th March and my car had gone up in value from 2 years previously. Maybe I should accidently write it off and get an upgrade Joking of course!!!

In typical style, I bought my car at close to top of the market. However, most of the cost has been down to restoration (more than 2x the cost of the car). A lot of people I have spoken to say that a restoration costs more than the value of the car when completed so I'm not really surprised if i'm out of pocket. I could have saved some money by not doing some things but at the end of the day, I did them because it was a car I wanted to keep. Will I ever get my money back? No idea. It is not for sale, so I don't care.
Kind regards
Gitesh

I am in the same category as you Gitesh, but i have been in that category i think for every car i ever bought. In fact, i can only think of 2 occasions where i have stayed in the black. My Sunbeam Tiger which has been a reliable companion on and off since 1989. It's had a bare metal respray and a mohair hood. Apart from that, nothing other than regular maintenance so even with current depressed prices, i am well on the good side. And the other thing was an original works hard top for my Healey. I bought it when i harboured ideas of going classic rallying (which never happened). Bought it for £1,000, it sat in the cellar for 3 years and i sold it for £2,000.

As for the 911, again, same as you, restoration costs 2x the cost of the car.

But, i have only ever bought cars i wanted to get to know better and keep for a long time and i have always applied the rule, do it once, do it properly and i have been fortunate enough to be able to stick to that rule.

And as my wife pointed out once, at least she knows where i am and what i am spending my cash on!!

Dougieboy1 wrote:As for the 911, again, same as you, restoration costs 2x the cost of the car.

I think I have been very lucky so far that by and large with only a minor amount of man-maths, I have come out break-even on the 6 911s I have owned. I reckon I am under-water with the current two probably 15-20k down just with the current market conditions (who knows where covid19 will take us though).

We are venturing into uncharted territory.
My gut feeling is that after “the event” (you’ll need to be a Mitchell and Webb fan to get the comparison)
people will have been taking stock of their lives and decide to buy that car they’ve always fancied.
Then there’ll be those who decide to move onto other things and sell the classic car they bought and hardly used!
Basically it’s anybody’s guess!
There is one group of cars though that as the values of others have gone up, then down, then up again have remained steady throughout and where owners are enthusiasts rather than financial chancers.
But that would be telling......

Matchbox ?