Brexit and Dino prices

I think the day has come ... We can expect a big drop in prices ... A good Dino will soon be available for £150k .... What do you think ? I think I'm probably close to the truth...I'm hope I'm wrong .....

 

Sorry dumb question, with the pound going down doesn't the price in pounds go up?
Or are you sayign that RHD drive dinos that are mostly in the UK will drop in price because of recession fears etc?

 

long-term RHD Dinos should rise because the UK will be better off without the EU...
I`m more worried about the Italian banks.....

 

Bad world economy can do weird **** to collector prices. Sometimes people flee to them, other times, if squished for cash, they bail for whatever they can quickly recover.

I don't see BREXIT as that kind of situation. I do see the overall slowdown of world economies as a bigger risk. At least this time most folks have not (I'm assuming) financed their big ticket collector items, making it easier to hang on until the market rises again.

Having said all that, I can't imagine there being anything less than a 10-15% correction in prices in the next 12-24 months.

D

 

brexit cld cause prices to go up - i wld argue the UK was being held back by the EU

 

My original post really just stimulate thought and discussion ....having seen my Dino go from 100k to 30k during the early 90s I do see a correction after Brexit with a few owners deciding to sell now ... Whilst still on top ...
For me .... No I'm not selling , having paid ten grand for mine ... I can't really go wrong .... But that was in 79

 

Yes. The latter

 

I think Brexit makes Ferrari 246 GT Dino | Longstone Tyres cheaperf to a lot of you. regardless weather you have the steering wheel on the wrong side of the car or not Ferrari 246 GT Dino | Longstone Tyres

specially with the new Cinturato Ferrari 246 GT Dino | Longstone Tyres

 

So long as interest rates on your savings are negative (after tax deduction and inflation) then tangible assets are going to be attractive.

Who would trust the banks, I am happy for my car to sit in the garage so I can see it, use it and polish it.

As for prices dropping, I don't see it happening. Small corrections but long term the dino will continue to rise. If you brought to make a profit then you may be disappointed short term.

As for Brexit having a effect......never, only the banks want you to be nervous about it as they haven't got your cash!!

Tony

 

If importation to the UK will be more expensive because of BREXIT, prices of Dinos already in the UK should go up.

Andres
Observing from an island in the Pacific

 

As someone who recently paid, ahem, bit more than that (!) for mine, I don't give a damn - I have the car of my dreams and that is worth every penny!

 

Totally agree with Matthias,and others,RHD cars in UK will remain a positive investment,and as the effect of Brexit fades,The limited number of classic Fcars in UK will be sought after,as the country gains momentum in the global economy.