JD Classics, what have they been up to?
Discussion
TooMany2cvs said:
Gameface said:
a (now) convicted fraudster who has ruined lives of all his staff
Hold on a minute...If the staff are as good as JD's (previous) reputation suggested, they'll get jobs elsewhere - or set up on their own - in short order, and do very, very well indeed.
singlecoil said:
Maybe, but that depends on whether people are prepared to pay that kind of money for that kind of work at the moment With a likely downturn in the market they might be a bit reluctant.
I think there are a lot of cars in garages that people have bought with the intention of 'doing up' like car SoS does in just 2 weeks for hardly anything and they thought they can make a fortune, I suspect if a market adjustment occurs after the JD affair then a lot of these cars are massively uneconomical to rebuild and the restoration industry could collapse quite quickly, its surprisingly expensive to do a nut & bolt rebuild, we might see the sales of filler going up though!classicaholic said:
I think there are a lot of cars in garages that people have bought with the intention of 'doing up' like car SoS does in just 2 weeks for hardly anything and they thought they can make a fortune, I suspect if a market adjustment occurs after the JD affair then a lot of these cars are massively uneconomical to rebuild and the restoration industry could collapse quite quickly, its surprisingly expensive to do a nut & bolt rebuild, we might see the sales of filler going up though!
That's entirely my attitude. For a true classic car lover, the cost transcends the value.Doofus said:
DonkeyApple said:
urquattroGus said:
How anyone can give Hood any sympathy is beyond me.
Is anyone?
The thread took a turn after someone posted the following :-
"I'm possibly alone here in feeling some sympathy for Derek Hood. He's a secondhand car dealer and his job is to relieve as much money from gullible fools as he can and thus make himself richer. Twas ever thus.
iSore said:
I'm possibly alone here in feeling some sympathy for Derek Hood. He's a secondhand car dealer and his job is to relieve as much money from gullible fools as he can and thus make himself richer.
Yes you are.And it's a sad comment on you - that you think ripping-off other people is a fair and decent way to make a living.
GoodOlBoy said:
Spoken with authority. Wrong though. Typical PH
The thread took a turn after someone posted the following :-
"I'm possibly alone here in feeling some sympathy for Derek Hood. He's a secondhand car dealer and his job is to relieve as much money from gullible fools as he can and thus make himself richer. Twas ever thus.
I ignored that particular post because unlike most on here, I didn't take it at face value.The thread took a turn after someone posted the following :-
"I'm possibly alone here in feeling some sympathy for Derek Hood. He's a secondhand car dealer and his job is to relieve as much money from gullible fools as he can and thus make himself richer. Twas ever thus.
classicaholic said:
singlecoil said:
Maybe, but that depends on whether people are prepared to pay that kind of money for that kind of work at the moment With a likely downturn in the market they might be a bit reluctant.
I think there are a lot of cars in garages that people have bought with the intention of 'doing up' like car SoS does in just 2 weeks for hardly anything and they thought they can make a fortune, I suspect if a market adjustment occurs after the JD affair then a lot of these cars are massively uneconomical to rebuild and the restoration industry could collapse quite quickly, its surprisingly expensive to do a nut & bolt rebuild, we might see the sales of filler going up though!Some of the restorers I go to have been actively seeking enthusiast work as opposed to speculator for a few years, purely to mitigate the above eventuality.
For my part am re-jigging website at present to reflect buildings, aircraft, furniture, consumer design projects etc, as opposed to majoring on classic cars, as feel the industry has had a terrific run and is due a correction. Need to cover possible major changes now and not in a desperate rush.
GoodOlBoy said:
Doofus said:
DonkeyApple said:
urquattroGus said:
How anyone can give Hood any sympathy is beyond me.
Is anyone?The thread took a turn after someone posted the following :-
"I'm possibly alone here in feeling some sympathy for Derek Hood. He's a secondhand car dealer and his job is to relieve as much money from gullible fools as he can and thus make himself richer. Twas ever thus.
TooMany2cvs said:
thegreenhell said:
No ideas for a name said:
TooMany2cvs said:
Ethics should not just be their location.
That did, to be fair, deserve a little more recognition. 
anonymous said:
[redacted]
Depends on how much you think the "bubble" has been propped up by people buying like Tuke, piling them high on advised investment potential rather alone - or whether you think it's off the back of people who are actually buying specific top-end cars because they want to own/drive/stroke them.anonymous said:
[redacted]
It may well be the turning point rather than the cause. The cause will be the cars being over-valued in the first place, when the correction occurs there will be far less money available for expensive restoration work than there was when the market was rising.DonkeyApple said:
To be fair, Hood to show that there were massive and rapid returns to be made from buying classic cars and flipping them on to the next punter. He was spot on about the type of fantastic returns that could be expected.
"Spot on" in the sense that the returns really were literal fantasy? It's either that or that they were possible, but only short-term while the whole Ponzi scam had new money coming in.Gassing Station | Classic Cars and Yesterday's Heroes | Top of Page | What's New | My Stuff