Hello from Germany and a request for your opinions on a ZR-1 - ZR-1 Net Registry Forums

Matt B · 10-15-2022

Marty, I think there are still people out there who are willing to go down that road, BUT:

- EUR vs USD has lost about 23% since I bought my ZR-1 in 2020

- Taxes have thereby implicately risen as customs and taxes are calculated based on USD values, current exchange rares and, worst of all, CIF. Both, insurance and freight are often paid in Dollars, too (even transportation cost resulting from relocations on US ground are considered...). So: more taxes!

- Europe is in deep ****. Germans, where probably the most potential buyers are located, is in the deepest ****. Skyrocketing inflation and a powerless central bank meets an economy that is heavily dependent from cheap (russian) gas. We're expecting stagflation (or already have it...), a massive wave of bankruptcies and slowly people start to understand, what that means for them: they will be in deep deep ****, too. People in deep **** don't buy fun cars but food.

- Gas prices have soared. As they did in the US. But you are now where we were before. In other words: here it's EXPENSIVE. I'm rather a relaxed driver but 1km (0.65mls) ZR-1 fun costs about 30 cents, c31 US. It's not fun and it's increasingly less affordable to run big engines here.

So... To my understanding It's just a matter of time that this market will crumble as German/European buyers will more and more retract.
My ZR would be about 12-15k euros more today to get it here. Only parts of it being based on the raise in prices.
Would I do it again at today's conditions? Certainly no...

Great news for you Merc and Beamer fans out there! There are great chances ahead for bargains! [emoji3]

10-15-2022	#19
Matt B Join Date: Jan 2021 Location: Beautiful Bavaria Posts: 523	Re: Hello from Germany and a request for your opinions on a ZR-1 Marty, I think there are still people out there who are willing to go down that road, BUT: - EUR vs USD has lost about 23% since I bought my ZR-1 in 2020 - Taxes have thereby implicately risen as customs and taxes are calculated based on USD values, current exchange rares and, worst of all, CIF. Both, insurance and freight are often paid in Dollars, too (even transportation cost resulting from relocations on US ground are considered...). So: more taxes! - Europe is in deep **. Germans, where probably the most potential buyers are located, is in the deepest . Skyrocketing inflation and a powerless central bank meets an economy that is heavily dependent from cheap (russian) gas. We're expecting stagflation (or already have it...), a massive wave of bankruptcies and slowly people start to understand, what that means for them: they will be in deep deep , too. People in deep ** don't buy fun cars but food. - Gas prices have soared. As they did in the US. But you are now where we were before. In other words: here it's EXPENSIVE. I'm rather a relaxed driver but 1km (0.65mls) ZR-1 fun costs about 30 cents, c31 US. It's not fun and it's increasingly less affordable to run big engines here. So... To my understanding It's just a matter of time that this market will crumble as German/European buyers will more and more retract. My ZR would be about 12-15k euros more today to get it here. Only parts of it being based on the raise in prices. Would I do it again at today's conditions? Certainly no... Great news for you Merc and Beamer fans out there! There are great chances ahead for bargains! [emoji3] __________________ ZR-1 #638/1991