Sound advice… I would still like to buy an affordable S2 though 🙁
I would like to buy an affordable Aston Martin DB6, or an affordable chateau, or maybe an affordable luxury island. The thing is, they are worth what someone will pay for them. If you can afford less than someone else is prepared to pay, they will buy it. There are some benchmark figures around on another thread, which indicate likely ranges by condition but nothing is absolute. If the going rate is higher than you can afford/are willing to pay, you have to be patient, see if you can score a bargain or look for an alternative.
Classic car prices are not yet falling but depending on what you are happy with, there are still options. A late Series 3 is less expensive. Alternatively, they may start to fall in the autumn - furlough created a bubble for a lot of jobs and people had disposable income and available time as a consequence of not going out. Easily restorable vehicles got more expensive as a result (see the adverts for 'lockdown project'). The end of the furlough scheme if it comes will see jobs going, as will the need for businesses to start repaying COVID loans from June 21st. Maybe the Indian variant will push dates out, maybe it will be like the scare stories over the South African variant etc. and actually those who have been infected or vaccinated will be equally protected. If it increases/extends restrictions, prices will probably stay high for the above reasons. When restrictions and financial support ease, prices at the lower end of the market will probably fall as the amount of money/time decreases and people realise they will never actually complete that lockdown project.
Alec
(I fear that however much prices fall I still won't be able to buy myself a luxury island though...
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