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Also, they may seem cheap, but that , like anything is because they cost less than the perceived value.
If you compare a BMW z3 for instance from 2001, they are selling for $7k , it's not because they weren't popular or junk, and actually has more to do with that are so many still driving around, and they aren't scarce. For a lot of other "luxury" sports cars from the same period.
Then tag on the impracticality of a 2 passenger cost, and the well deserved reputation of expensive maintenance, and that drives always many customers and keep the market saturated and the price down.
Then there's that perceived price, where i truly believe many people, having never priced the car, think its priced out of their budget to the name brand. Whenever I mention I'm not doing a particular thing at work or with friend because I find it too expensive, I always get the reply, "and this is coming from a man whose drives a Porsche" and I believe they think my car is far more valuable than it is. Ironically I could buy 4 for the price of one of their Lexus or Bimmers
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