I know you can do what you want.......BUT

-
gtgto

gtgto

FABO Gold Member
FABO Gold Member
Joined
Dec 4, 2014
Messages
936
Reaction score
483
Location
Connecticut
I have come across 2 separate cars recently that I looked at to maybe purchase a few years back. When I looked at them they were more than 10,000.00 cheaper than the asking price is now. I know the asking price is just that, an asking price but does everyone have to shoot for the moon? One of the cars literally had the engine removed and painted and a cut and buff of the already thin paint. Now its like 14K more than when I looked at it. The other is pretty much the same car it was 3+ years ago and its more than 10K more.....Maybe it was washed and vacuumed out. Seems to be way more flippers than there are true Mopar lovers nowadays.
 
Some people have different theories and approaches. Price really high, someone not so knowledgeable comes around and thinks they're making a low ball offer and the seller still makes a good profit.
 
Every time I restore a car people ask me if I am going to sell it afterword .

HELL NO ! I am going to drive it !
Why would I spend 3 years of my life just to sell it ?
 
mbaird said:
Every time I restore a car people ask me if I am going to sell it afterword .

HELL NO ! I am going to drive it !
Why would I spend 3 years of my life just to sell it ?
Click to expand...
I think there are a lot of people who get a car at a fair price and try to get an unfair price without doing much at all if anything. If a car is priced fairly it will sell.....If over priced get used to holding onto it. People watch to many of these shows and auctions and think they have gold. A bodies have always been the so called red headed step child in the collector market and with the asking prices nowadays the owners do not want to believe they are not for the collector market. I am not talking about MCode cars or big block GTS's and Formula S's
 
Ego? Greed? Stupidity? Total case of " fu**edupiness"?

Sometimes a seller could price a $10000 car for $100 and 99% of the lookers would offer $75!

Or tell the potential buyer tells the seller why his paint job is not perfect on the $4000 car for sale, and bitches that he did not spend $8000 on the paint job so it would be perfect!!??
 
There's been someone trying to sell a Dan Gurney mercury near me.

Some months it's $18,500, others it's $23,000.

Then there are the ads that say "must sell" but also say "price is firm"- oxymoron
 
My point is that I am not a flipper and have never been. I own them because I have a passion
 
When I was shopping for a Mopar in 2012, One of my avenues was Carsonline.com. The ad numbers are currently over 100,000. There are still some Roadrunners and other "restored" mopars with ad listing numbers in the 40,50, and 60,000 range. Which means the ads are between roughly 4-6 years old. If your car hasnt sold for $75,000 and it has been listed since 2014, doesn't that tell you something?? McFly?
 
A friend of mine who is really into Mustangs always has a Mustang or two that are of no particular interest to him. He buys them for an average price, cleans them up a bit, fixes a few glaring issues and then marks his selling price way up. His thought is, someone will always come along who wants one bad enough to pay what he's asking. Book prices don't get in the way of personal desire. So far he's been right, and he hasn't had to hang on to any for a long time either. He'll make a couple thousand and apply the profit to the cars he keeps.
 
mbaird said:
My point is that I am not a flipper and have never been. I own them because I have a passion
Click to expand...
You are a rare breed. I have passion for cars as well and did not buy mine to resell at twice the price after cleaning up a few things. Hopefully we are not becoming extinct.
 
grimreaper said:
A friend of mine who is really into Mustangs always has a Mustang or two that are of no particular interest to him. He buys them for an average price, cleans them up a bit, fixes a few glaring issues and then marks his selling price way up. His thought is, someone will always come along who wants one bad enough to pay what he's asking. Book prices don't get in the way of personal desire. So far he's been right, and he hasn't had to hang on to any for a long time either. He'll make a couple thousand and apply the profit to the cars he keeps.
Click to expand...
A couple thousand is one thing......Doubling your investment by buying some Corporate Blue to paint the engine and buff the tired paint is another.
 
Sorta like the story of the guy that traded his $1 million frog to his buddy for his $1 million turtle. They each claimed they made $1 million. So if I advertise my $10,000 car for $75000 for years on end, it means I am convinced it is worth $75000!! ha
I admit I enjoy working on project cars, rising them from the dead,.. NO, been many years since I wanted to make one a perfect nut an bolt resto job. My cars usually just become decent looking drivers. No show poodles. I always intend to get my $ back out, but many time not a dime for my labor. I am not a flipper but I have owned and sold many mopars over the last 30 years. Cars come, cars go.
I am about to advertise 2 F bodies, I just finished painting. I like the cars. I have 4 Mopars right now and I have to build a shed here for them, or hopefully just 2! Not going to do the body/paint work, even though not perfect, and let them sit outside. In about 1 year we want to sell this place and move further into central Texas, and building a garage or shed here will not add to the properties value, it make it easier to sell, though. So a shed big enough for 2 cars is my choice. Two cars for sale!
Point is F bodies are low $ car in general. F guys are tight! Even tighter than A guys! Not easy sells. I have never lost any $ on a Mopar but these might be a real test!! I will see. My pricing method is figure what the probable fair market value is, hopefully, I have no more than that in it, and if that car is worth that many $$$ to me..... and no one wants its, fine, it can live here
When a possible buyer wants to beat me down on what I feel is a fair price I just tell them that car is worth that many $$ to me. It has been many cars I wish I had overpriced and then I would still own them!!!!!!!!!!!!!!! ha Maybe those guys with the idiot prices on their cars are pretty smart after all!!???????////ha again!????
 
i know a few guys that buy and sell and do very well profit wise. I don't have a problem with it..it is just another part of the hobby.
An old timer told me that "you have to buy what other people want"
and never to make a decision based on emotion...it almost guarantees failure.
 
My rides are for sale all the time. I have small 4 sale signs on the dash with high but not ridiculous prices on them. My cars are very well maintained drivers and both are 10 footers or better. I don't really care if someone buys either of them but I will make a small profit when sold or I will drive them until the undertaker shuts the lid. When I'm gone my Son can sell them for whatever he wants and not loose a cent. I am not into classics to make a profit but I'll be darned if I will sell at a loss.
Jerry
 
mbaird said:
My point is that I am not a flipper and have never been. I own them because I have a passion
Click to expand...
But if I offered you the right price ,sold right , hypothetically of course
 
gtgto said:
A bodies have always been the so called red headed step child in the collector market and with the asking prices nowadays the owners do not want to believe they are not for the collector market. I am not talking about MCode cars or big block GTS's and Formula S's
Click to expand...

I agree, but will say that A bodies prices have gone up. While they may not be collectable to some, they are considered classic. Also, as the supply of E and B bodies have dried up, and prices have gone through the roof, A bodies still represent a good value in the classic car market. Much like they did when they were newer. Sure a big block Cuda grabbed a lot of attention, but that does not mean that A bodies are less fun to drive.
 
I can't sell.
Would be like selling a child.

al-bundy-dodge-dart.jpg
 
We have not paid more than 50% of what the seller was asking except for one.
That seller was a young guy who was basically forced (nagged I'd bet:D) into selling his project because they were having another kid and he needed the money at the time.
We ended up giving him his full asking price which was totally fair and never regretted it.
I also stay in contact with him and have been sending him updates and pictures as things progressed over the years, and I promised him if we ever sold it he would get first choice.
Sometime before long we are going to meet up in person again and he's going to get to drive the car as it is now.(WAY different than when I bought it)
 
You must log in or register to reply here.
-

Back
Top