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Old 02-23-2006, 04:08 AM
Jeff H Jeff H is offline
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Default Re: 427 Baldwin Motion Nova For Sale

Take for example this 1970 BM Nova(if it was real). Say that a true enthusiast bought it for $25K and put $50K into restoring it. They have a $75K car but no interest in selling it. So a BM Nova is worth $75-100K. But if a flipper grabs it for $25K and flips it right away for $50K. Then the next guy puts $50K into it and flips it for $150K. The next guy bought it with the intent that it will be worth $200K in a year and he sells it for that. But you can't really use that example very well. Musclecars have become an investment just like real estate. So there will always be a flipper(investor) looking to purchase and would be willing to outpay the enthusiast. There are people that make a living restoring cars and flipping them, that's what their business is and there's nothing wrong with that. But today, there seems to be many types of buyers with different reasons for buying and therefore different price ranges as well. One way to look at is if these cars did not go up in value, nobody would be restoring them the right way because it would be a losing proposition. I just say blame it on the Hemi Cuda conv guys.
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