Value of my car?
#1
Joined: Nov 2004
Posts: 17,181
Likes: 154
From: OC - So Cal
Value of my car?
I'm toying with the idea of selling the G...
Without stating individual cost here - I did some quick calculations (using 30%-40% of mods costs, in some cases 50% + 15K value for the car {55K miles excellent condition}) and figured 25K is a fair price... I'm not sure it would sell at that price - but the reality is, that's a very fair deal...
This is NOT a for sale thread... just wondering what you guys think... there is no other way to gauge value (on the planet) than in this section of this forum... so I'm asking here...
If/when I do put up for sale - if it doesnt work out, I'll just keep it and sink some more money into later with other ideas (after I get bored with other current hobbies)...
Let me know what you guys think (pics and mods list in profile - I dont want to clutter the thread)...
If 25K is over or under the price you consider reasonable, please state what you would value it at (real only please)...
TIA
BTW, other option is part out (which would end up totaling at least same if not more)...
Without stating individual cost here - I did some quick calculations (using 30%-40% of mods costs, in some cases 50% + 15K value for the car {55K miles excellent condition}) and figured 25K is a fair price... I'm not sure it would sell at that price - but the reality is, that's a very fair deal...
This is NOT a for sale thread... just wondering what you guys think... there is no other way to gauge value (on the planet) than in this section of this forum... so I'm asking here...
If/when I do put up for sale - if it doesnt work out, I'll just keep it and sink some more money into later with other ideas (after I get bored with other current hobbies)...
Let me know what you guys think (pics and mods list in profile - I dont want to clutter the thread)...
If 25K is over or under the price you consider reasonable, please state what you would value it at (real only please)...
TIA
BTW, other option is part out (which would end up totaling at least same if not more)...
#3
#4
To be realistic, you'd have to start at KBB value and add a few thousand or so as a whole for the mods. If your car looks really nice and clean, and drives nice as well, then you might be able to find people who will want your car and are willing to pay more than KBB for it, but the rest is going to be left to negotiation. And it doesn't make it any easier that the economy is down right now as even people who do want your car might not be able to afford it.
IMHO, 20 might be a little high already, but it may be possible to find a buyer at that price. 25, well, think of it this way, at 25, you can buy a Supra in good condition, and that's a highly sought after car even after all these years... all reasons why so many people demod and sell off the parts rather than selling all the parts with the car.
IMHO, 20 might be a little high already, but it may be possible to find a buyer at that price. 25, well, think of it this way, at 25, you can buy a Supra in good condition, and that's a highly sought after car even after all these years... all reasons why so many people demod and sell off the parts rather than selling all the parts with the car.
#5
Joined: Nov 2004
Posts: 17,181
Likes: 154
From: OC - So Cal
thanks for the responses guys...
yes, I started with KBB (15K)... and completely understand mods get nowhere near there initial cost (which is why I valued most of it at 30-40%, some of it I didnt even add to price)...
What makes it difficult to value is the body work/paint... that's why simply using KBB and bolt-on mods to determine a price wont work...
I basically took blue book + 30-40% of bolt-ons and added a few thousand more for the items that cant be removed (cams/misc internals) and body work... and came in way less than 50% of cost...
The problem with parting out is - I think it would be senseless for someone to buy the car as it would end up after being parted out... they'd have to turn around and re-mod (and would end up re-buying everything I took off - and paying way more, even used)... I dont think anyone would drive a car that looked like this without the mods that I would part out...
But if I did end up selling, that would be offered...
It's a very small market for something like this for sure... Thanks again for the feedback... more is welcomed
yes, I started with KBB (15K)... and completely understand mods get nowhere near there initial cost (which is why I valued most of it at 30-40%, some of it I didnt even add to price)...
What makes it difficult to value is the body work/paint... that's why simply using KBB and bolt-on mods to determine a price wont work...
I basically took blue book + 30-40% of bolt-ons and added a few thousand more for the items that cant be removed (cams/misc internals) and body work... and came in way less than 50% of cost...
The problem with parting out is - I think it would be senseless for someone to buy the car as it would end up after being parted out... they'd have to turn around and re-mod (and would end up re-buying everything I took off - and paying way more, even used)... I dont think anyone would drive a car that looked like this without the mods that I would part out...
But if I did end up selling, that would be offered...
It's a very small market for something like this for sure... Thanks again for the feedback... more is welcomed
#6
Joined: Nov 2004
Posts: 17,181
Likes: 154
From: OC - So Cal
I have all the stock parts... so parting out would be easy (and the OEM parts would obviously go to buyer if they wanted them)...
#7
KBB is the worst thing to look at.... Look at Edmunds, because it is the closest to currnet market trends... Your car is a private party only due to all the mods and custom work... In my experience and opinion, i would be shocked of you could get anything more than 20k for the car.
And dont part it out... Post it up on Ebay motors and you will find a buyer. With all of your documentation, it shouldn't be that hard to sell Mike.
And dont part it out... Post it up on Ebay motors and you will find a buyer. With all of your documentation, it shouldn't be that hard to sell Mike.
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SDGenius (05-13-2012)
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#8
Joined: Nov 2004
Posts: 17,181
Likes: 154
From: OC - So Cal
thanks Mark... the car is so far from stock (and can never be close to stock again), that I think no matter what base value method is used, it's not gonna matter much...
I agree that 20K would be a value that is obtainable (and probably would sell)... but at that price it's jut a smokin' deal for someone and I might as well keep it... That's kinda why I came in at 25K - it's still a very fair price for what the car is - but of course, there are very few/if any people that are looking for something like this...
I don't mind keeping the car - I just with I had more room so I can buy something else...
I agree that 20K would be a value that is obtainable (and probably would sell)... but at that price it's jut a smokin' deal for someone and I might as well keep it... That's kinda why I came in at 25K - it's still a very fair price for what the car is - but of course, there are very few/if any people that are looking for something like this...
I don't mind keeping the car - I just with I had more room so I can buy something else...
#9
#14
Joined: Nov 2004
Posts: 17,181
Likes: 154
From: OC - So Cal
I suppose I could always place for sale with all reasonable offers considered... and let the kooky offers commence