To Sell Or Not To Sell...Mopar Madness
Hi. I'm a new member and quite frankly I cannot understand anything about this forum in a way of navigation. But hey, got to start somewhere. Found this way to start a new conversation? HOpe I'm in the right place...
My name is Rick and I acquired a 74 scamp this year due to some buddies of mine telling me I need to buy it and fix it up and then sell it for a profit.
Yes, I can restore cars. I do it as a hobby. Not really to make profits as that is the most difficult thing you can do in restoration. But I have a 70 mach 1 in the shop today working on it.
Trouble is the Plymouth was more of a project car. And I really didn't need to have two. The guy before me started ripping everything out to turn it into a drag car...So missing everything. no A/c inside or out, changed power steering to manual, (I think it had power before. Not sure.
Does have a freshly rebuilt 318 and new auto transmission. Lots of expensive performance parts that you can never make money back on.
It seems though that no one is interested in it. And parts are extremely hard to find for this car.
I put some paid ads up and some free ads up. Not a single reply. Probably due to it being a scamp. A valiant? And maybe my asking price is too high.
Paid $4k for it and found out it needed lots of work, time and money to even get it to drive down the road correctly, like a real car. My mistake of course.
I have recently put $1600.00 in it just to get it running and driveable. I rebuilt front end, aligned it. put new tires, new brakes front and back, new master cylinder, pwr booster, new proportioning valve, electric fan, new AutoMeter Instrumentation gauges, new tires, I painted rims, B&M auto shifter added to the floor, expensive ignition system, new steering wheel, battery, etc..
I did lots of dent removal, no rust. New exhaust pipes to the rear bumper. It's a good running straight car now but needs paint. carpet and rear seat cover.
And now it needs even more. As seats are some racing variety that needs to be removed and new buckets put in. back seat needs to be covered. everything is green and so I was going to turn inside to black. Purchased new $300 dollar OEM Dash Pad. Coming in soon.
Needs carpet. Needs paint.
Do I try and sell it for a loss now. Or do I keep putting money into it to try and eventually find that narrow market buyer?
Negative profits will be a solution. But where will my shortest loss be at?
What next? After interior and exterior paint, carpet, seats and custom wheels I would do next... in the future?
Or try and give it away now, before I ever put another $2 to 4k in it. I think it is already getting out of hand. At $6500.00 But it would have been hard to sell as it was. Was missing many parts, like driver window and crank, shift cable, ignition system, glove box, radio bezel, seat belts, wiper system, wheels, shift cable, mufflers, pipes, steering wheel, etc... Not sure why I bought it now that I'm finding out there is no interest in them. Damn friends of mine!
If anyone can give me advice or any help with this please let me know. Thank you.
Cordially,
Rick Bell
Hi. I'm a new member and quite frankly I cannot understand anything about this forum in a way of navigation. But hey, got to start somewhere. Found this way to start a new conversation? HOpe I'm in the right place...
My name is Rick and I acquired a 74 scamp this year due to some buddies of mine telling me I need to buy it and fix it up and then sell it for a profit.
Yes, I can restore cars. I do it as a hobby. Not really to make profits as that is the most difficult thing you can do in restoration. But I have a 70 mach 1 in the shop today working on it.
Trouble is the Plymouth was more of a project car. And I really didn't need to have two. The guy before me started ripping everything out to turn it into a drag car...So missing everything. no A/c inside or out, changed power steering to manual, (I think it had power before. Not sure.
Does have a freshly rebuilt 318 and new auto transmission. Lots of expensive performance parts that you can never make money back on.
It seems though that no one is interested in it. And parts are extremely hard to find for this car.
I put some paid ads up and some free ads up. Not a single reply. Probably due to it being a scamp. A valiant? And maybe my asking price is too high.
Paid $4k for it and found out it needed lots of work, time and money to even get it to drive down the road correctly, like a real car. My mistake of course.
I have recently put $1600.00 in it just to get it running and driveable. I rebuilt front end, aligned it. put new tires, new brakes front and back, new master cylinder, pwr booster, new proportioning valve, electric fan, new AutoMeter Instrumentation gauges, new tires, I painted rims, B&M auto shifter added to the floor, expensive ignition system, new steering wheel, battery, etc..
I did lots of dent removal, no rust. New exhaust pipes to the rear bumper. It's a good running straight car now but needs paint. carpet and rear seat cover.
And now it needs even more. As seats are some racing variety that needs to be removed and new buckets put in. back seat needs to be covered. everything is green and so I was going to turn inside to black. Purchased new $300 dollar OEM Dash Pad. Coming in soon.
Needs carpet. Needs paint.
Do I try and sell it for a loss now. Or do I keep putting money into it to try and eventually find that narrow market buyer?
Negative profits will be a solution. But where will my shortest loss be at?
What next? After interior and exterior paint, carpet, seats and custom wheels I would do next... in the future?
Or try and give it away now, before I ever put another $2 to 4k in it. I think it is already getting out of hand. At $6500.00 But it would have been hard to sell as it was. Was missing many parts, like driver window and crank, shift cable, ignition system, glove box, radio bezel, seat belts, wiper system, wheels, shift cable, mufflers, pipes, steering wheel, etc... Not sure why I bought it now that I'm finding out there is no interest in them. Damn friends of mine!
If anyone can give me advice or any help with this please let me know. Thank you.
Cordially,
Rick Bell
