Collectible Cars: good time to buy, bad time to sell.
As I was driving to work this morning in my not-very-collectible Miata I was thinking about the 1972 Land Rover I almost bought and the 19?? Unimog I will likely buy. Both of them are selling for a really great price. It makes sense that in a time of economic uncertainty that these type of vehicles are the first to go. The market for fun, impractical vehicles was booming. Not so much now. This is good for the buyer, bad for the seller.
So if you've got the money, now's a good time to find that car of your dreams. Just be prepared to live in it if things go bad. Hmm, going to need to convert that mog...
The Wall Street Journal: http://online.wsj.com/article/SB122757588574055233.html
