selling

Why is it that people thing just because it a project car that you are goingto give it away for 1/3 of what you are asking for it , Whenwhen they know you all the part is worth more than what your asking for it !!!!!!!!!!!!!!

 

Generally because an unrestored or older restoration in similar condition can often be purchased for a lower price.
Throwing money into a project doesn't necessarily increase it's value by the investment amount.

 

I was in the same situation about a year ago, but I decided to hold on to the car and now I am in middle of a restoration. My circumstances changed and I am fortunate to be in the situation I am in currently. Maybe hold on to it and things will change?

 

The labor, parts,"asking" price & sentimental value dont matter to a new buyer...the amount needed to finish it does.:grin:

 

oh yeah, buyer is in the driver's seat in that situation definately. Usually it's a motivated seller that will accept a much lower offer. Even with brand new parts still in boxes, the price people are willing to pay for them is not what they retail for, probably 75% at very best.

 

True statement

 

People don't seem to want to pay for work that has been done on a project, even though it's stuff that they would have to get done if they started with an assembled car.

 

For Buicks yes.................almost nobody wants to pay anything since most of the cars don't hold a great value not have a popular demand.

My buddy has a small customer and restoration shop....................the Chevelle and gto guys open up their wallets for junk cars. The last time I went there there was a Chevelle that was a complete turd. The guy he does work for a guy runs through Mecum.................. He bought it for 10K. I would have given more than 2K. It's rotted out non numbers matching but allegedlly an Big Block SS car. My friend is cobbling it togetherbody wise. He is expecting to bring over $25K. If I bought the car for $25 K I would be pissed once I got it home. He said then that's the starting point for a guy to really restore it and have a $60K car afterwards. The bad part after all that cash he someone will have over $60 in the 60K car.

If you have a car in pieces as a project you might as well sell it one piece at a time. You will make more money in the long run.

 

Ain't that the truth. I've had people tell me on project cars to sell them as a whole, that they will bring more than parting them out. There's a reason junk yards don't sell complete cars, the money is in all the individual parts.

 

"bhi8347":



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