I just saw this in my Hagerty newsletter (https://www.hagerty.com/articles-vid...24/predictions) predicting 10-year prices of 50-65K.
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I just saw this in my Hagerty newsletter (https://www.hagerty.com/articles-vid...24/predictions) predicting 10-year prices of 50-65K.
Based on what?
I'll be absolutely floored if they hit 50k.
Straight from the article: "Because the Gen-Xers who grew up with such television landmarks as Magnum P.I. and movies like Back to the Future are going to hit their peak earning years in the next decade, and you know what they’re going to want."
To me, that translates into higher demand, which could drive the prices higher.
Well that news will upset a lot of owners. Never have I saw people PISSED upon hearing the news that the car that they own might just actually be worth more than they paid in the future.
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Im seeing them for 50K now. Especially with lower miles and good condition stainless. The reality is that its a specialty car and if most of the current owners demand more for their cars when they come to sell, they will rise in value. Magnum PIs car the 308 was 15K 10 years ago. Now 60K+.
$40 - $50k is pretty standard in Canada.
What if there had never been a BTTF. What would our cars be worth then, or would we even be bothered to own one?