FWIW, none of the seven most recent Studebakers on my Bay watch/bid list reached reserve. That there was a 100% failure to sell tells me either the market is dead or sellers are overly optomistic. Some observations:
1. A recession/depression affects discretionary purchases most of all. If at all possible, keep your Stude until better times.
2. From mid-November to mid-March is a dead time for old car selling. Just moving a car in the northern half of the country during this time-zone is bad science. Spokane just got two feet of snow, more coming down, with -5 for the weekend.
3. Conversely, it is a great time to buy if you have some cash.
A. The retirement account is in the toilet, so the wife uses that excuse to bring up old resentments; how much money went into that old car, the storage cost, the insurance cost, "we can't afford it any longer - sell it now." Last week a friend got a bargain on the rare, pristine Corvette a local guy swore he'd never, ever sell at any price. Money/market paranoia killed the dream.
B. Real emergencies - lost the job, business went bankrupt, bank won't loan any more - got to raise cash fast to keep the house.
C. College costs are higher than ever; got to help the grandkids.
What have you seen out there?
thnx, jack vines
PackardV8
1. A recession/depression affects discretionary purchases most of all. If at all possible, keep your Stude until better times.
2. From mid-November to mid-March is a dead time for old car selling. Just moving a car in the northern half of the country during this time-zone is bad science. Spokane just got two feet of snow, more coming down, with -5 for the weekend.
3. Conversely, it is a great time to buy if you have some cash.
A. The retirement account is in the toilet, so the wife uses that excuse to bring up old resentments; how much money went into that old car, the storage cost, the insurance cost, "we can't afford it any longer - sell it now." Last week a friend got a bargain on the rare, pristine Corvette a local guy swore he'd never, ever sell at any price. Money/market paranoia killed the dream.
B. Real emergencies - lost the job, business went bankrupt, bank won't loan any more - got to raise cash fast to keep the house.
C. College costs are higher than ever; got to help the grandkids.
What have you seen out there?
thnx, jack vines
PackardV8
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