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Originally posted by dave p View Post£29995......good luck to them!
/// Exdos ///
"Men who try the impossible and fail spectacularly are infinitely superior to those who reach for nothing and succeed" --Napoleon Bonapart
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Originally posted by exdos View PostHexagon do us ALL a big favour and they'll get our MCs recognition as a classic sooner rather than later.
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Originally posted by dave p View Postthey do? not sure I agree with any of that, Hexagon have taken a expensive car and made it very expensive that doesn't make it a classic it makes it overpriced (imo).
Take the E-Type Jag as an example of a classic car. They were in production from 1961 to 1974 in a few different Marks and a total of over 70,000 of them were made, they sold new for around £3,500 (averageish). Looking on Pistonheads today, the cheapest one presently for sale is £25,500 and the most expensive is £85,750. Since the majority of cars that are made depreciate like mad and then ultimately get scrapped, it could be argued that all existing E-Type Jags that are for sale now are grossly over-priced. At what point in time did E-Type Jags start selling for MORE than their original purchase price? Is that the point in time when a car becomes a "classic"?
The Phoenix Yellow MC with 14,700 miles presently for sale at Hexagon for £29,995 is priced at around the price it would have been offered at in June 2003 when I bought mine with 3,600 miles for £31,300. In May 2006, Hexagon had a Phoenix Yellow /Kiwi MC with 3,000 miles for sale at £28,995 (possibly the same car?), so to me, at least, it looks like Hexagon thinks that MC prices should be on the rise. It may well sit around at Hexagon for a couple of years before it sells again, but with interest rates at only 0.5%, the profit that Hexagon will eventually make on a car which it has just bought for £22,995 will considerably exceed any return made as interest on a bank deposit of the same amount./// Exdos ///
"Men who try the impossible and fail spectacularly are infinitely superior to those who reach for nothing and succeed" --Napoleon Bonapart
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