Rabu, 03 Februari 2016

proving that investors should avoid running up the tab on collector cars, the recent barn find Alabama Daytona was over a 10,000 dollar loss to the guy who bought it out of the barn


Charlie Lyons found and bought it, for over 100,000 and it only sold for 10,000. Add the sales tax of about 10% that Charlie paid, and he certainly lost over $20,000 for thinking he had a gold mine when he really only found a rusty Dodge. And THAT is what over inflates the prices on collector cars.

http://www.hotrod.com/cars/barn-finds/1602-barn-find-daytona-sold-at-mecum/

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