Hongqi Automobile is the most famous domestic brand and the starting point of China's automobile industry. In the past, Hongqi Automobile did not take the civilian route, and many models were leaders' cars, which ordinary people could not see at all. Now Hongqi Automobile has embarked on the civilian route, and the price of cars is getting cheaper and cheaper.
A car owner in Beijing saw an old Hongqi in the second-hand car market, which has been parked for at least 30 years, and the surface of the body has fallen a thick layer of soil, which looks very old. Mr. Zhang was very interested in this old red flag, and he asked the car dealer how much money this car cost?
The car dealer told Mr. Zhang that the old red flag had been scrapped and sold for 20,000 yuan. Mr. Zhang plans to spend 20,000 yuan to buy this old car back, and many friends have heard that Mr. Zhang wants to buy a car and persuade him to dispel his thoughts. Friends have said that this old red flag has been scrapped, bought back is also waste, not worth 20,000 yuan at all, spend money to buy a car is in the water.
Mr. Zhang believes that Hongqi Automobile is the most famous domestic car in China, in the past, Hongqi Automobile launched many high-end models, although the old car in the second-hand market has been scrapped, but some parts on the car have collection value. In the end, Mr. Zhang spent 20,000 yuan to buy this scrapped car home, and he planned to clean and repair the car.
After the cleaning, the old red flag revealed its original style, although this car looks very shabby, but after the cleaning, it has a new look. Mr. Zhang sent the car to the repair shop for identification, although the old Hongqi car is in old condition, but the performance is good, the engine and gearbox on the car are not damaged.
The repairman told him that the model of the old Hongqi was CA770, which was the first batch of domestic luxury cars manufactured by Hongqi. The CA770 was born in 1965, this luxury car is 5.98 meters long and 1.99 meters wide, and was officially put into production in 1966. The CA770 that Mr. Zhang bought was a model produced in the 1970s, and there were not many units in the country that year.
Although the CA770 has become a scrapped car, this car has a strong collection value, and Mr. Zhang put it in the garage for collection after repairing and maintaining the car. Soon some people heard that Mr. Zhang found an antique car, and came to Mr. Zhang's home to see the car, and there was a local tycoon who liked the Hongqi CA770 very much and was willing to spend 800,000 yuan to buy it.
Mr. Zhang sold this old red flag at a price of 800,000 yuan, and Mr. Zhang made a net profit of more than 700,000 yuan, and his friends felt very red-eyed. When Mr. Zhang bought the car, his friends sneered, thinking that buying this car would definitely lose money, but he did not expect that Mr. Zhang made more than 700,000 yuan through this antique car and changed a BMW 5 Series.
The Hongqi CA770 can sell for such a high price, mainly because this car is extremely collectible, this old Chinese car is equipped with a 5.65-liter V8 four-stroke water-cooled carburetor engine, equipped with a two-speed manual transmission. At that time, this Red Flag CA770 was the leader's exclusive car, appeared at the military parade, and the collection value of this car was very high.
Mr. Zhang bought this Hongqi CA770 car is in good condition, the interior of the vehicle has been restored and preserved, and you can still faintly see the luster left by the walnut interior, do you think this antique Chinese luxury car is worth 800,000?
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