Overpriced old beetle?

[Albeniz]

Yearly depreciation of close to $10k.

Is this an overpriced old beetle?

 

http://www.sgcarmart.com/main/info-nxk8sG3-1000.html

 

If one is really keen to own an old piece of beetle, he could just have bought a much cheaper beetle and spend the money on restoration. It still won't add up to $40k.

What do you think?

Edited August 20, 2007 by Albeniz

[Bentwy]

seems like it's some collector's item. overhauled engine too.

[Albeniz]

It wouldn't cost very much to overhaul the engine.

[Marky3113]

since its uber rare, esp that particular model and also because of singapore's car rules(ie COE, etc etc) its not really viable to keep old cars.

 

if someone really wanted it , they would shell out the money to be honest.

 

with a car like that, value on paper not the issue. its the $$ value it holds to the person.

[Toyo]

This is a 1600cc beetle? most of the old beetle i came across are 1200cc