This could dampen increases in value in a rapidly appreciating market since buyers will refer to previous sales of a particular vin even if it where 6 months ago or 5 years ago and make buyers even more reluctant to understand how fast the market is increasing.
Then that is the buyers problem, and if they don't want to pay the asking price, or close to it, they can walk away. There's always another car out there to buy, albeit probably not in the same condition.
Details of private party transacrions[sic] is not generally public information, so what's the reasoning for recording on here forever along with the VIN?
It's the same thing with real estate. You list a house for sale, and the public see's the listing on the MLS. You can then go to the tax collector website for that county and see how much the house sold for. You're in the construction business and flip properties, so it's no different.
Intrestingly[sic] enough when ive[sic] sold collector cars on otherforums[sic] it's the buyers that request price to be deleted for this very reason of anticipated appreciation.
I don't see the difference between this and eBay. Every auction that ends can still be found on eBay as long as you have the listing number. You can always find the final selling price.
In the case of prime sales thread that number does not even refer to an actual sales price and only the asking price, so it's utterly pointless anyway.
So if it's pointless, who gives a $hit.
Not to mention I want prices deleted when i buy old cars since if I know its worth more $ and get an agreed value insurance policy for more money than i paid, I don't want to be accused of fraud.
It's only fraud if you misrepresent the vehicle. Furthermore, if you want to insure a 1991 NSX for $250,000 you're going to have to pay the premium. I'm sure the insurance company will question a stated value that seems to far fetched. The insurance companies are not as dumb as you think they are.
And many times people in private party transactions and especially cash buyers or sometimes even sellers want diffrent[sic] numbers on sales agreement for whatever persoanl[sic] reasons they may have. Information posted here could put somone[sic] in trouble.
If you want to take that risk on cheating in paying sales tax, then that's your risk. Some states don't care about the sales receipt and will tax you based on their data. That happened to me when I had a legitimate sales receipt for a car that I bought at a wholesale price from a dealer. I was taxed on the retail price no matter how much I argued with the DMV.
FWIW. that's just my opinion.
seams like unecessary[sic] policing of private transactions.
You are entitled to yours, just like I am mine. I just find it easier to play by the rules the older I get.
