Originally Posted by mcbear
I am not going to argue with you on this. I deal with 500Es on a daily basis for the past 4 years and know their market value inside and out.
No one with sense takes a 500E to a dealer for trade in. If they do, they get what they deserve.
If you don't understand the 500E or collector car market, that's ok.
As for the curve in the 500 market, much like the 560SEC market it is very near its bottom. NO, they won't just keep going down.
That is a bit harsh. However, it is absolutely correct.
My late uncle purchased a brand new silver 1966 G.T.O. 2 door "post" sedan (not the hardtop) with a manual transmission, manual steering and brakes, black interior, at the end of 1965 from Bianco Pontiac, the dealer for them in San Rafael, California, then located just north of San Francisco.
In 1980, it had 80,000 miles on it and still was stock and totally mint, down to the dog dish hubcaps. For reasons known only to him, he traded it in on a brand new 1981 Chevrolet Citation X11, now known unarguably, to have been one of the worst efforts of GM in that era, IF EVER, that was foisted off on the buying public in the USA. Basically, a brand spanking new, total and utter piece of $hit.
He told me much later, after the fact, that the day he drove it to the Chevrolet dealer in Novato for the first time, intending to trade it in, on the new Citation, EVERY single Chevrolet salesman on the Chevrolet lot literally ran out of the dealership building and all of them were arguing and trying to buy the car off him.
My uncle had never told me in advance of his plans for that car. Years before, I had mentioned I'd like a crack at it should he ever want to get rid of it. We always got along. But he never told me anything until it was too late.