02 Values too High

[conkitchen]

1 hour ago, Slavs said:

You meant a WWII era  Russian T-34. There was never a T-35.

There is one for sale for about $85,000.

 

http://www.mortarinvestments.eu/products/tanks-2/t-34-35

 

The BMW 2002 Turbo might fetch more in today's market.

 

34 or 35 whatever it takes

 

FYI there was a T35

https://en.wikipedia.org/wiki/T-35

 

but what do I know

 

 

 

Edited May 9, 2019 by conkitchen

[NYNick]

Holy crap. On the Pelican Forum they put this kind of topic in a special Politics and Religion Forum. This thread has officially lost its way.

[conkitchen]

4 hours ago, NYNick said:

Holy crap. On the Pelican Forum they put this kind of topic in a special Politics and Religion Forum. This thread has officially lost its way.

Actually we have arrived! 

[Hodgepodge]

What's all this I read about valves being too high?????  

[TobyB]

11 hours ago, NYNick said:

Holy crap. On the Pelican Forum they put this kind of topic in a special Politics and Religion Forum. This thread has officially lost its way.

That is EXACTLY why we are here.

 

If it's annoying, I hear Roadfly has a nice forum.

 

t

ECS owns Pelican now.  

[D Seattle]

As Thomas Jefferson said: "A little rebellion now and then, is a good thing."  

 

https://www.google.com/search?q=who+said+a+little+revolution+is+a+good+thing&rlz=1C1ASUM_enUS822US822&oq=who+said+a+revoluation&aqs=chrome.1.69i57j0l2.5292j0j8&sourceid=chrome&ie=UTF-8

[NYNick]

27 minutes ago, TobyB said:

That is EXACTLY why we are here.

 

If it's annoying, I hear Roadfly has a nice forum.

 

t

ECS owns Pelican now.  

Silly me. I thought it was about the cars.

[Vicleonardo1]

B.O.T

 

So far I think the prices are reasonable. They are not in the crazy Porsche range and some American Iron prices these days. 

 

The thing I get envious about is the massive availability of new manufactured and bolt on resto-mod parts for the Mopars, Chevy's, Fords etc. I believe there is one company where they make or sell enough new parts to build over 95% of the 65 1/2-70's mustangs from scratch. ( I know it's because they made so darn many of them) 

 

But this is the price we pay of participating in a sort of a niche market I guess. 

[Slavs]

Maybe I have it all wrong. Perhaps the 02 was undervalued from the very beginning. There was a lot of good engineering and metallurgy that went into it, something car companies only reserve for race motors, today. And,now this is finally being recognized. For a long while these cars were cheap, parts were abundant, the bone yards were full of them, the Porsche and Alfa people were missing out, and some of us got too spoiled. The "Good Times" are over. And. that's too bad. It was great while it lasted. But, there are way too many people taking maximum advantage, And, the values have been artificially driven up through speculation. This is not just limited to the 02.

 

 

 

 

[02tradition]

On 5/6/2019 at 5:01 PM, NYNick said:

Sorry guys, but it sure sounds like a bunch of sour grapes to me. Here's a news flash; We're not 19 and it isn't 1969 anymore.

 Word haha. If you’re old enough to be able to complain, “ I remember buying 2002’s for $300”, hate to break it to you but you’re a buzzard now. Yes this hobby is getting expensive because this is the economy we live in currently, at least here in the US. If ya don’t like it then too bad, move to Russia where car buys you!

 

I for one am extremely happy with the way the values of these cars are going. Glad I picked up mine when I did! And it will never be for sale AGAIN. 

[TobyB]

15 hours ago, NYNick said:

Silly me. I thought it was about the cars.

 

Heh.  That would make too much sense.

 

t

[TobyB]

5 hours ago, 02tradition said:

 Word haha. If you’re old enough to be able to complain, “ I remember buying 2002’s for $300”, hate to break it to you but you’re a buzzard now. Yes this hobby is getting expensive because this is the economy we live in currently, at least here in the US. If ya don’t like it then too bad, move to Russia where car buys you!

 

 

I remember, back when I was a young buzzard in the 90's, watching 40's and 50's Jag XK 

prices go through the roof.  I was working on 60's cars, and watching others work on the Jags,

I realized that their price had gone above the cost to fabricate a 'new' one out of sheet metal

and mechanicals from the saloons.  In fact, I watched a REAL craftsman make a set of front

wings that were better in fit, finish and design in less than a month.  He earned a living wage

from it, and the 'fenders' were the least expensive option at the time.

 

I figured out, at that point, that the cars were 'overvalued'- if you can make it for less than

used ones are trading for, economics have gone out the window.  AND it's probably

unsustainable, as demand will dictate supply, some 'clever entepreneur' will get China to

start pooping out all the parts, and you'll be able to buy a 'new' one soon.

 

Meh.  The $300 2002s were seldom viable cars, and even if the shells were solid,

it was another $10k- 25k to make a decent- to- excellent car out of it.

 

t

would love to go to Russia.

 

[ray_]

2 hours ago, TobyB said:

 

I remember, back when I was a young buzzard in the 90's, watching 40's and 50's Jag XK 

prices go through the roof.  I was working on 60's cars, and watching others work on the Jags,

I realized that their price had gone above the cost to fabricate a 'new' one out of sheet metal

and mechanicals from the saloons.  In fact, I watched a REAL craftsman make a set of front

wings that were better in fit, finish and design in less than a month.  He earned a living wage

from it, and the 'fenders' were the least expensive option at the time.

 

I figured out, at that point, that the cars were 'overvalued'- if you can make it for less than

used ones are trading for, economics have gone out the window.  AND it's probably

unsustainable, as demand will dictate supply, some 'clever entepreneur' will get China to

start pooping out all the parts, and you'll be able to buy a 'new' one soon.

 

Meh.  The $300 2002s were seldom viable cars, and even if the shells were solid,

it was another $10k- 25k to make a decent- to- excellent car out of it.

 

t

would love to go to Russia.

 

 

 

Or Cuba?

 

?

[SydneyTii]

7 hours ago, TobyB said:

unsustainable, as demand will dictate supply, some 'clever entepreneur' will get China to

 start pooping out all the parts, and you'll be able to buy a 'new' one soon.

Oh god hurry up already! ?

[joebarthlow]

I sorry you bought a car that is European, highly desired and has a motorsport pedigree. 

 

Last I checked, e21 values are still in the tank, yet they contain many of the modifications some people do to 2002s. 

 

Personally, I welcome these little German shit-boxes gain value as it helps me justify dumping thousands of dollars into them. Can you imagine if values were not going up?? there would be no 2002faq, there would be no parts produced, there would be no organized events. 2002s would just rust away.

 

Edited May 11, 2019 by joebarthlow