The Car Thread

[EpsomWolf]

I know it is, is it £276k of Ford escort holy grail? No, not at all.
These are bought by blokes in their 50s who couldn’t afford them when younger, in 10-15 years the cars will age out ( people who want them are dying off) then they’ll be 10k tops or so because nobody wants to buy 60yo Ford escorts.

Geoff can be a bit of a knob but he does a lot of auction analysis videos and likes to highlight the point you are making and agrees with you on this Escort particularly.

This video isn’t his best but it does feature said Escort. For a deeper delve into what’s selling, what’s hot, what’s not and what’s fallen off a cliff, a couple of his auction videos from a few months ago are well worth a look. Very easy to get your fingers burned trying to catch the crest of the wave but if you’ve always wanted one of those cars that was top dollar not so long ago that’s now dropping like a stone it’s a great time to buy too.

Edit:
The aforementioned auction video. Shows the importance of paying attention to the market when getting involved in that game:

 

[Squeak]

It's a really interesting point about future buyers of cars like the MKII Escort and one I hadn't given much thought to until now. Years ago I could and did buy MK1's for £20. I even paid £100 for a MK1 rolling shell with wider arches with the intent of putting a pinto in it...early 90's. Never did. Ended up spraying it and just about getting my money back. Lord knows what that would be worth now.

I'm currently looking for a 205 1.9 GTI and the price of those has shot through the roof since I paid £750 for my last one around 1998.

I don't know what the market will be in the future but you really have given me food for thought about future values and whether these cars are just a more sentimental acquisition than a real investment in the future. Of course, it always comes down to buying whatever you are buying at the right price. Thanks for the insight and the links. Appreciate it.