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Supply and demand on 1/200?????????....................
It's kinda like the housing bubble, if the loan is higher than the appraisal will be down the line, ouch!!!!! Thank goodness you can't get a ARM on these. I'de think one of the Holiday Lightning whites would be the ticket for this kind of change.
The auction is over and I paid $327 for this White Lightning. Some are confused as to why I would do this. Here is some of my reasoning.
1. I tried about 30 times to win one of these through the contest.
2. I sold a bunch of my higher end Muscle Machines to raise paypal
funds to purchase this car so it was not "new' money.
3. I collect higher end HW's and JL's and feel this car is very special
due to the fact that there are only 200 of them AND they are
the only WL's I am aware of that do not have a regular issue
counterpart. My Newsflash with the "Winner" Challenger on the
cover has been a constant reminder that I did not own one of these.
4. I got outbid on the last two auctions where this car sold for
$228 and $280 so this time I sold more cars to raise the pot
5. I do not think that many of these will be sold on Ebay because
they shipped two months ago and only a few have been sold.
This seems to me to be an item that if "Won" by a collector
would not be easily given up.
6. If I overpaid by $100 or more, this will not be the last time
that occurs. I just saw a Wild Weekend Camaro WL sell for
$200. I paid alot more than that when it first came out.
When dealing with very low production cars there is always
some speculation regarding supply/ demand.
I can live with that as most of my collection has dropped
in value and I collect for fun / not profit. When I sell , it is
usually for 50 cents on the dollar to raise funds for other
purchases. I use a S&P 500 Index Fund for investing/
not small metal vehicles for children.
7. If many of these Challengers show up soon and the price drops
to $120 I will be happy for those that pay the lower price.
I think that pretty much says it all for me and probably most of us here. One time I bid and paid $25.00 for a black 69CJ Mustang because it looked like one I used to own. The car is surely not worth that much on the market but I wanted it in my collection so to me it was worth the cost. Congrats on finally getting your Challenger.
DrDeal, I just want to say congrats, it is an aquisition that will look good in your collection. No matter what you paid for it, if it was more than $3, you can bet somone would be speculative about why you did it.
Personally I've done it, and will do it again, if theres a car that I want, and I can justify it for the hobby, I would spend big bucks on one too.
Good luck, and congrats...
__________________ I intend to live forever... so far so good!