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Collector car insurance



  • Well without a deposit all bets are off. I won't hold a car without a deposit.
  • fintailfintail Posts: 32,909
    And you shouldn't...but the guy could have at least given him a chance to match the offer, as they had been communicating for some time.
  • parmparm Posts: 723
    Actually guys, I did offer the seller an earnest deposit to hold the car for me at $9K. But, he declined. Even though he agreed to sell me the car for $9K, he was holding out for $10K. Keep in mind, this was right before Christmas and I felt pretty safe nobody was going to swoop in - and nobody did at that time. Again, I had no problem with him holding out for $10K between when we agreed on $9K and when I could get out there. I just wanted the opportunity to make a counter.

    The car was first advertised in November. So, considering other cars I've seen which has sat for months (if not years), this car didn't sit on the market all that long because it was priced right. Having said that, these things are typically easier to buy than they are to sell. Turns out the seller was very fortunate - as in, he should buy a lottery ticket lucky. Because he not only found one needle (me) in the haystack in a relatively brief period of time, he found two. :sick:
  • Well look, his personal ethics aside...if you don't have a deposit on the car, you don't have a contract. Verbal agreements in the year 2009 are as suicidal as verbal agreements from a car dealership that "don't worry, just buy the car now, and next time you come in we'll take care of that howling noise in the differential".

    I've learned all this the hard way and now I take nothing for granted in a car deal....NOTH-ING. If I want the car, I nail it firmly to the deck as soon as possible, and I actually presume the deal is going to unravel unless I do that.

    The seller was under no legal obligation to you, and so he took a flyer---as is human nature to work in one's self-interest sometimes.

    When a deal drags on, the odds of it going sour begin to soar with each passing day.
  • parmparm Posts: 723
    I don't disagree with what you're saying. But, I wasn't really dragging things out. Had the car been within a more easy reach or if it wasn't the holiday season, trust me, I would've gotten out there very quickly. I had a professional inspector all lined up to meet at the car in less than two weeks. So, the seller knew I was serious and that I'd buy the car assuming the car didn't have a cracked frame or something unusal like that.

    I know all about "first come, first serve" and "strike when the iron is hot", etc. and I fully understand the seller was under no legal obligation to call to allow me to counter. But, it would've been nice. I would've gotten the car I wanted and the seller would have additional money in his pocket right now.
  • I can't even deal with a car that's 2 hours away, much less 12.

    Well you didn't even see the car so maybe no regrets are necessary. You'd be amazed how radically different cars are in person from their ads or descriptions. Digital cameras are devilishly good at hiding things (intentionally or not).

    As an appraiser, I'm disappointed in the "real life" car more often than not, despite glowing descriptions and beautiful photos.
  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    If the seller had 'phoned to say, "Another guy with $10,000 is very interested." A lot of folk including you would think he's just trying to "UP" me.
  • andre1969andre1969 Posts: 21,590
    Yeah, that is a good point. I wonder how the seller would be able to PROVE that he had a buyer at $10K?

    Anyway Parm, sorry it didn't work out for you. It really was a nice car from what I could see in the pics. But, sometimes things turn out the way they do for a reason.

    As Benny Hill once said, about women...they're just like buses. Miss one and another will come along! ;)
  • parmparm Posts: 723
    Oh definitely. The "bus" analogy has always been my mantra. And, at this price, my head tells me the market is full of other cars that will tickle my fancy. I mean, it's not like this car was a 1 of 1 or anything like that. But, I've been watching early to mid-60's Cadillacs for an awfully long time (10+ years) and I've not seen many in such good original condition with such a long list of options AND at a reasonable price.

    I know I'll eventually get something I'll love. But, I told my wife just this evening that until the day I die, I'll probably always think of that '63 Coupe Deville with remorse as the "one that got away". :(
  • fintailfintail Posts: 32,909
    I'll keep an eye out for you. Decent cars with little to no rot turn up here now and then.

    Any specific colors or options?
  • parmparm Posts: 723
    My tastes are pretty much 1960's domestics. Would love a convertible, but the ones I'd want (aka, nice ones) are more $$ than I want to spend right now. I always keep coming back to Cadillacs with the 1963-1964's being my favorite. Perhaps for me to better answer your question, I'll start a new thread for those cars. See you there!
  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    Have you taken a look at the site below? There is a real nice convert for $16,500, but remember everything is negotiable. A more economical hardtop is listed below.

    to see a lot more dial in
  • euphoniumeuphonium Great Northwest, West of the Cascades.Posts: 3,305
    In case you come into some money, here is the site of the convertible for you.
  • parmparm Posts: 723
    OK. I know I'm picking nits here, but the turqoise 1963 convertible is a Series 62 which was the entry level model (replaced by the Calais in 1965). I'm only interested in the Deville line. Having said that, in 1963, if you wanted a Cadillac convertible, you only had two options. The Series 62 and the top of the line Eldorado. In 1963, there wasn't a Deville convertible. In 1964, the Deville convertible came to be. However, all that aside, compared to the Series 62 models, Devilles where more nicely equipped, nicer interiors, etc. and in 1964 they were also different mechanically in terms of their engines and transmissions.

    All that aside, the turqoise 1963 Cadillac convertible has some issues. It's not one I'd want. Not saying it's a "total piece", but it's not what I would term "nice".

    The silver Coupe Deville is a "strike out" (for me) for the same reasons. It's not all that nice and appears to be a mild custom at that.

    You'll find that I'm pretty picky. But, having said that, I am NOT unappreciative of your efforts to forward leads my way. While I would be surprised if you guys find a 1963-64 Cadillac from the mainstream collector car classified websites I've not already seen, PLEASE keep'em coming!

    BTW, I started a new discussion thread entitled 1963-1964 Cadillacs that includes the link to a '64 Sedan Deville worth considering. But, I see it's not yet been posted. Probably needs to be "sanctioned" first which I totally understand. But, Mr. ShiftRight, if for some reason this new thread didn't go through, please let me know and I'll try again.

    In the mean time, let's see what else you guys can throw at me. :P
  • Nope your new topic didn't post. Try again. There's no review on this board of new topics, so if you don't see it, it didn't happen for some reason.
  • fezofezo Posts: 9,195
    Dang. That is bringing me back aways.

    When I was a young teen driver a friend's mother had a nice, yellow 62 Caddy convertible. For a while that's what they let said friend drive around in. (They later got him a new 72 Datsun 510 wagon.) Well, for reasons that remain a mystery to this day they told him that he was not to let friends drive the car with one exception. That would be me. Funny thing is he hated the car because he thought it was too flashy. I loved the thing.
  • andre1969andre1969 Posts: 21,590
    Funny thing is he hated the car because he thought it was too flashy. I loved the thing.

    I always loved the '61-62 Cadillac, but to me it was the lack of flash that turned me on to it! The car seemed a lot more trim and cleaner than the over-the-top 1959-60 models...downright sporty in comparison. For 1963 the car seemed to mature a little bit. Still a gorgeous looking car, but it seemed to trade off the sporty flair for a more prestigious aura.

    Oh, speaking of collector car insurance, my bill is coming due soon. I wonder if I should up the value I have stated on my '67 Catalina? I think currently have it valued at $8-9K, but I just sunk a ton of money into it. With luck, it comes back from the mechanic today. As of yesterday, he was just waiting for four weather seal pieces to be delivered. I'm really looking forward to not having to put the top up and down manually...that sucker can be a real back-breaker!
  • A clean driver would be worth about $9K and a #2 (local show quality) upwards of $15,000.
This discussion has been closed.