Purchase price vs. resale price, possibly shooting ourselves in the foot? |
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Purchase price vs. resale price, possibly shooting ourselves in the foot? |
jwalters |
Dec 27 2004, 01:35 PM
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#1
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Sooo Close....... Group: Members Posts: 1,677 Joined: 14-May 04 From: Huntsville, AL Member No.: 2,068 Region Association: Europe |
I am sure I am going to get much banter, good, bad, and ugly for this post. But I just have to bring this up.
It is about all the talk I read about appropriate purchase prices of any teener. It seems as though a great multitude of people are hell bent that a teener should never cost anybody more than maybe 2k. Yet the parts for this car is easily on par with a full-on Porsche 911,928, etc. Particularly the engine--it is a vw unit developed ( in conjunction with Porsche??)--I could easily rebuild a flat six for the same if not much less than the cost of a higher power / reliable IV model. We as a group are spending an absurd amount of time and greenbacks to get our cars to our personal level--yet the consensus I read is that after all this is done the cars are worth absolutely s*#t compared to the comparables. In my humble opinion this needs to stop, I see much foot shooting going on here. Do we as a group really want to invest all of the above and then by our own methods and verbalizations intentially keep the cars ...ahem..."CHEAP"? Now do not get me wrong--I am all about "affordable" , but would rather see "affordable" vs. CHEAP and LESS than it could / should be. I have an newer issue of "Excellance" and they are reporting the 914's are on the rise--We as a group have it within our power to change this trend for the worse if carefull thought is not applied to what is being said, sold, and bought. I do not want to pump 10k into my car from rustoration, upgrades, only to only get maybe 2k for it if I was in the need. I realize that right now I would be hard pressed to get what only I have in it, not to include my personal labor hours, which so far has exceeded 500 easily at a shop rate of $55.00 an hour---the OTHER Porsches do tho............... I see too many nice cars for sale and people asking what they are worth and then saying that same nice car that is in good repair should only be " $900.00,,Tops" This is not going to cut it--we should be following the examples as set out in our newsstand advocate--"Excellance" Just think about this for a moment before spouting off------I see much shooting of the feet in here--lets get smarter--and help the market adjust our beloved to the affordable level--not the out of reach level--We need parts that are of high quality, yet not priced exorbitantly--do you want to sell 10 at a 100.00, or 1000 at 50.00?? For every person that can afford a 10k type IV motor, there are possibly hundreds if not thousands who cannot. Just not dirt cheap to begin with an excellant example and then pour another thousands into it to make it our own and then get nothing for the fruits of our labor........... It makes me sick to read about some poor schmo that bought a 2.5k rebuild cause that is what he could afford, and then have nothing but problems with it--then get berated about: " Told you so"..when the type 1 crowd can have 200+ hp for LESS THAN 3K----------I might just put a type 1 in mine and save 7k, or more-- Just as an example: For the time and money I am putting into my car--I could have easily purchased a late 70's-early 80's 911, rebuilt the motor, put good wheels and tires on it--and probably a minor interior / exterior upgrade--and easily sell it for more than I bought it / upgraded it for-------- I want to thank all of you that manufacture worthwhile products AND also price them accordingly---some others out there could possibly do some homework----We need to help the market as a whole with resale values----3000 members (almost) in a small community as the 914 is, is strong JEDI......yes, we are strong......... If I have offended anybody I do not apologize--this is a forum for adult lively discussion--I would ask no less from anybody else. This post is NOT to any one person(s)--it is just a discussion. But if things do not begin to change before I dump my talents and cash into this--I will go the 911 route Point is: " I should not put 10k plus into my car and then expect to get for it what I am reading in here!, which is crap.........." |
Steve Thacker |
Dec 27 2004, 05:15 PM
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#2
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UMMMPH Yea Baby Yea ! UMMMPH Group: Members Posts: 1,089 Joined: 8-January 03 From: Pickerington, Ohio Member No.: 113 Region Association: Upper MidWest |
The market price for a car is decided by people like us, not just newbies to classic car ownership. When we hold our cars to a higher level, then that will be the deciding factor of how much it is really going to command on the selling block. I have to admit that I have restored hundreds upon hundreds of America classic cars for myself and other clients. I realized early in the game that I would loose cash on some and gain some on others. I'm sure the owners found this out also. Yes the 914 due to
"owner" consensus are being under valued. I have 16k in mine and I may or may not get 2/3rd's of my cash back if sold, labor doesn't even come into the equation at this point. That was my love and stubborness coming into play "hate to have a car beat me". We can bring up the value and status of these cars up "IF" we stick together as a solid owners foundation. The best way to find out is not take less than the car is worth. Don't get a offer that is exceptable?... Keep the sucker. Yes I'm suggesting that you personally and with honesty, inflate your cars value a wee bit. You have all this cash and sweat invested so protect it. The people who sell new or NOS parts for teeners are pulling this trick everyday. Don't believe me? Look at all those receipts you all have, seems like someone is makng their money and who is setting those prices?...they are. You have the car boys and girls! With all those highly inflated car parts ! And they are not worth any less because they are installed on the car. If so then who says they are now worth less?! What I'm trying to get at is.... That prices of "things" are not just controlled by supply and demand. So don't fall for that shit. These fine autos that we have enslaved ourselves to are worth as much as we are willing to let them go for, not necessarly what someone is willing to offer us for them. We all know buyers try to whittle us down, so don't play... stick to your guns. All I ever hear is how these little cars spank the shit out of 911s in the curves on the track, that says something folks. So if these cars can do that, why are people denying them their rightful place and net worth? Beats me.... I must be stupid for loving them then. I'll be damned that I give mine up for cheap on someones "opinion". I'm still in the stage that my cherry hasn't been popped yet by years with these cars and I know that, but I know cars and usually the problem is an anxious seller with cash flow problems. So I too, cast my lot in with the consensus that we need to talk our cars up in all areas not down. Piss on negative skuttlebutt . nuff said...... |