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Showing content with the highest reputation on 01/06/2021 in all areas

  1. Pakchoy

    Introduction

    Good Morning, I have been a member here since 2012, BUT up until now haven't formally introduced myself. My name is Rick and I am fortunate enough to currently own a 1972 Silver 240z. I have previously owned 3 other 240z's and will soon be building another over the next couple of years. I look forward to contributing more to the forum and getting to know all you guys. Might see you at the upcoming BBQ on the 17th Jan. Rick
    1 point
  2. My thoughts about this topic is this. Everyone has a threshold of what they are prepared to pay for things based on how they value money. For me, due to how much I earn and how I value this money I earn, there is a limit to how much I am prepared to pay for a 240z/260z coupe. As much as I love these cars, once the price goes over 20k I start to question whether I'm doing the right thing. Firstly there is the thought in my mind that paying over 20k is a lot of money, especially with a car this old, with rust, fumes and constant repairs and safety issues. You also start to question the comparable factors. There are a lot of cars you can buy in the $20k-$40K mark that may make more sense. I know that I should have bought one of these when they were under 20k. In the late 80's you could get a nice 240z for $5000 and that is what I should have done. When I see one now where the asking price is $50k I'm not interested. That's a good deposit on a rental property. Maybe the 280zx is the value buy right now. Also as Gav was talking about Sydney real estate, with prices now in stratosphere territory many people are being locked out of the market, lot of it in my area due to overseas buyers who have heaps of cash. A house for over 1.2m in the Hills District of Sydney means you may never own it unless you came into inheritance or you are on to your 3rd house, so you start to look at regional areas, the outskirts and other cities which many are now doing provided the economy is strong enough to support jobs. The generational factor is also important as well as the prestige element. MGB's with an asking price in the 20k-30k mark are not selling that well as younger folk will probably buy an MX5. The E type is seen as a top end car and will still appeal to many people especially with its styling and leather interior, it still looks classy today. The younger generation are also a lot more expecting of features that allow them to be carefree. They like modern performance, braking, handling and comfort and reliability. I think at present the 90's Japanese sports cars as classic cars are making a lot of sense as this decade saw a huge improvement in quality, safety and performance albeit complexity. As current options, the Toyota 86/Subaru BRZ is a good option.
    1 point
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