Because it has that much value?
Well, if it was a 57 Bel-Air, convertible (like Glen Quagmire's) or a 55 Lincoln Continual, maybe even a 66 Shelby Mustang 350; or several others I could mention. Depends on the condition; and, at that cheep price you could get one in, almost, showroom.
I had a 1957 Bel-Air 2 door, no post 427cuin 4 on the floor, coupe in mint condition. I sold it for 78,000
Because it would be the car owned by Henry Ford.
the same reason people Buy new cars stupid
I was in My 954 220 Mercedes Benz and next to me was a 300,000 pound RR we were on the A1/M1 in a snowstorm the road was a carpark for 4 Hours and My car was just as warm and Comfortable as the RR only at a cheaper Price
Today I own a 2002 VW Bora and drove 30 Klm in Hrs in another road that became a car park My Bora $5,000 and behind me was a new Bentley he travelled as fast as I did for 100 times more than I paid
You haven't watched a Barrett-Jackson auction have you?
Because they have more money than sense.
To save the rest of the cost. Some cars are a lot more expensive than that when new. (i.e. buying a slightly used $200,000 car for $70,000 is a whole lot different than buying a new $70K car for full price).
And what car would that be
Some vintage cars are worth more than that
the most expensive cars in the world are used cars
To fix up and re-sell?
A car becomes used 1 day after registration so that Bentley is well worth it
1. They can afford it.
2. It was a good deal.
3. It was collectible.
4. Because you couldn't.
It was a FERRARI.