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re: the End?

To: MG List <mgs@Autox.Team.Net>
Subject: re: the End?
From: "Michael P. Ohleger" <mikeoh@bellatlantic.net>
Date: Sun, 26 Jan 1997 13:12:17 -0500
David,

I disagree with you that a '69 fully home-restored MGB is worth $13,500. It 
depends.  Is 
it 95 point concours? I seriously doubt it. Most amateur home-retorals aren't 
that 
good. Just because someone put $14,000 into his restoral doesn't justify the 
price.  I 
haggled with a neighbor that wanted $5000 for his rust bucket of an '69 MGBGT 
because he 
had $4000 in parts receipts. It's still sitting in his yard with the sign on it 
- been 
there a year and he's clueless. 

I think I'm more sensitive to this issue since I started looking for a TD.  The 
prices 
are all over the map.  But I agree with you in that people will let these cars 
rot 
rather than let them go to someone who cares simply because greed and vanity 
cloud their 
vision.

As far as seling at a loss is concerned, isn't that what we all do with our 
daily 
drivers - our Hondas and Buicks and Chevys, etc. - or is this not part of the 
argument. 
I hate like hell to buy a new car only to have it lose half it's value the 
first year.  
Maybe that's why so many people lease.  In my own experience, I had to replace 
the 
steering rack on my  V*lv* to the tune of $2000 - does that add $2k to the 
value or to 
the price? 

A question to ponder is what will happen to the value of these cars when and if 
Rover 
lets the MGF into the US?  Will everyone forget the LBCs and concentrate on the 
new one?
OR, will it heighten the interest and cause the "old ones" to become even more 
popular?
Time will tell...

Cheers

Michael Ohleger

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