On 3/23/2017 8:03 PM, Ed Pawlowski wrote:
On 3/23/2017 11:42 AM, Leon wrote:

I was watching Velocity. A restorer found a Stutz Bearcat unmodified
and pretty much in running condition hidden away in a garage. They
bought it and just cleaned it up and then entered it in the Pebble Beach
Show and won first prize for not restoring. It ran well considering
it's age. 1921 model.


When you drive a new car off the lot you lose at least 10% so it has
lost a lot of value. Even worse, it is a discontinued model. Not worth
much more than scrap value, I'd guess.


Well actually it loses value because if you immediately trade it in it
has to be sold at a profit again, and no one is going to pay more than
retail.