H and H Auction today!

[DonkeyApple]

anonymous said:

[redacted]

Will your lender allow you to wrap the cost of the repair work into the purchase? Nope. You'll have to front that yourself. Removes a lot of buyers from that equation.

Also, let's be really honest, the 456 is just a used car. It's not that old, not that rare, not that special. If you're not convinced it's going to double in value in a couple of years it's just an old driver's car that has big running costs and the seller of this couldn't even find the cash to get it working for auction so it's probably a bag of ste run on a budget by a debt monkey.

The market has been taking a breather for a while as it decides in which direction to keep moving so we're seeing a adjustment of expectations of valuations overall, tat being priced realistically and quality still selling as the smart money stops speculating and the dumb money starts having to unwind losses and declines to take on more debt. It's pretty much what is happening in the London £2m+ resi market.

People will buy good stuff at a sensible price but no one is interested in paying market for the tat or a premium for anything. I seem to distantly recall from many moons ago that this was oncereferred to as 'normality'.

[s m]

generationx said:

Some of the prices at the Silverstone auction were ludicrous. How about fourteen and a half grand for a tool kit?

Don't they know they could get a really good one from Halfords for a fraction of that.......

"I'll be glad when this bubble has burst and we can all afford old tool kits"

[DonkeyApple]

generationx said:

Some of the prices at the Silverstone auction were ludicrous. How about fourteen and a half grand for a tool kit?

https://www.silverstoneauctions.com/complete-origi...

Seems pretty cheap ultimately as it's not really about the tools but that having the tool kit in your 250 makes it look more like the real thing than a kit car around a VIN plate. What price do you put on legitimacy? Probably hundreds of thousands if not much more in this case?

[spreadsheet monkey]

DonkeyApple said:

Also, let's be really honest, the 456 is just a used car. It's not that old, not that rare, not that special. If you're not convinced it's going to double in value in a couple of years it's just an old driver's car that has big running costs and the seller of this couldn't even find the cash to get it working for auction so it's probably a bag of ste run on a budget by a debt monkey.

Oof!

Brutal, but accurate!

[spreadsheet monkey]

DonkeyApple said:

Also, let's be really honest, the 456 is just a used car. It's not that old, not that rare, not that special. If you're not convinced it's going to double in value in a couple of years it's just an old driver's car that has big running costs and the seller of this couldn't even find the cash to get it working for auction so it's probably a bag of ste run on a budget by a debt monkey.

Oof!

Brutal, but accurate!