how to sell a classic car, thats still a project

RACER X · 01-27-2010, 01:40 AM

my old old boss has asked me to help her son sell his project 72 chevelle, he's had it 5-6yrs and hasn;t really progressed, and now he's bought a fixer upper house.

he's spent a boat load of $, says $20k, but still has a long way to go. and really had no idea about how to work on cars so he paid others to do alot of work and now has alot of parts.

top of the line stuff

baer brakes
hotchkis susp
eibach springs
383
roller cam
almost ready for paint

he's wanting $10k, does that seem reasonable?

other then craigslist, where else?

and yes if i help sell it i get a commission, cash to add to my unemployment.[/

Riceaholic · 01-27-2010, 01:47 AM

tranny? interior? glass? That's not a complete motor....

How much is left of the original? Trim? Chrome?

I'm just bringing up shit that will nickel and dime you to death...

RACER X · 01-27-2010, 01:52 AM

turbo 350

no interior other then the tore up original

he had a complete running car when he bought, and took it all apart......now what......

he said he had an offer for $8k a bit back, and turned it down.......that was stupid.

and he says if he can't get enough he'll build it..........lol

several more thousands of $ and many yrs.....

we would like to buy an old hot rod, but it's gonna be built and running, rebuilding a car is alot more work and mech. knowhow then i care to deal w/

BobTheBiker · 01-27-2010, 02:02 AM

$8k is pretty reasnable IMO. anyting higher is totally unrealistic to me. especially for a car that isnt all original. for any non running project car though, to me, $4k is my upper limit, since I know exactly how much of a pain in the ass it is, how much time, and money it costs, and all that shit. its a LOT of work and headaches to deal with these project vehicles. not to mention money.

RACER X · 01-27-2010, 02:12 AM

oh he;s got all the orig. parts in boxes, but they're not in great condition and could do w/ replacing......

i have alot of pics, i need to download them to a photobucket account or something.

BobTheBiker · 01-27-2010, 02:35 AM

well, in this economy, $8k is a really good offer honestly.

karl_1052 · 01-27-2010, 07:43 AM

He won't get an $8K offer now.
Projects are usually sold at huge discounts.

He would be better off to finish it himself and then sell it.
He can take courses at community colleges that will teach him how to restore a car, so he can stop paying others to do the work.

I would not pay more than $3-4K for a project like that.

Hell, the glass alone would probably cost $2000+

shmike · 01-27-2010, 09:06 AM

Quote:

Originally Posted by BobTheBiker

$8k is pretty reasnable IMO. anyting higher is totally unrealistic to me. especially for a car that isnt all original. for any non running project car though, to me, $4k is my upper limit, since I know exactly how much of a pain in the ass it is, how much time, and money it costs, and all that shit. its a LOT of work and headaches to deal with these project vehicles. not to mention money.

Quote:

Originally Posted by karl_1052

He won't get an $8K offer now.
Projects are usually sold at huge discounts.

He would be better off to finish it himself and then sell it.
He can take courses at community colleges that will teach him how to restore a car, so he can stop paying others to do the work.

I would not pay more than $3-4K for a project like that.

Yep.

He should have taken the $8k.

He has two options: Finish it or give it away (<$5k).

lauralynne · 01-27-2010, 10:21 AM

I will answer when I get to work. This is what we do: www.restoreyourcar.com

lauralynne · 01-27-2010, 11:28 AM

paint job alone on that car is going to be another $10-$15k - this is a HUGE project and he's not very far along despite how much money he's spent. And as a coupe, it's not a valuable. He's in over his head and should take whatever he can get - $8k is a GREAT deal - if he can get $5k and get it out of his driveway he'll be doing well.
1972 is not a desirable car. He might like it a lot ($20k spent means he does...) but generally the earlier ones are far more desirable (and worth more)
Option 2 is to sell off the parts he bought on Ebay - try and recoup more of the retail on those. How long has the motor sat open like that? And is there a power assist booster with the Baer brakes? Lots of questions to get a more accurate price...but generally he's NOT going to get $20k back out of it - not even close. But he'll get more out of it by parting it back out than trying to pawn off the package.

01-27-2010, 01:40 AM	#1
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	how to sell a classic car, thats still a project my old old boss has asked me to help her son sell his project 72 chevelle, he's had it 5-6yrs and hasn;t really progressed, and now he's bought a fixer upper house. he's spent a boat load of $, says $20k, but still has a long way to go. and really had no idea about how to work on cars so he paid others to do alot of work and now has alot of parts. top of the line stuff baer brakes hotchkis susp eibach springs 383 roller cam almost ready for paint he's wanting $10k, does that seem reasonable? other then craigslist, where else? and yes if i help sell it i get a commission, cash to add to my unemployment.[/ __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.

01-27-2010, 01:52 AM	#3
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	turbo 350 no interior other then the tore up original he had a complete running car when he bought, and took it all apart......now what...... he said he had an offer for $8k a bit back, and turned it down.......that was stupid. and he says if he can't get enough he'll build it..........lol several more thousands of $ and many yrs..... we would like to buy an old hot rod, but it's gonna be built and running, rebuilding a car is alot more work and mech. knowhow then i care to deal w/ __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.

01-27-2010, 02:12 AM	#5
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	oh he;s got all the orig. parts in boxes, but they're not in great condition and could do w/ replacing...... i have alot of pics, i need to download them to a photobucket account or something. __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.

01-27-2010, 07:43 AM	#7
karl_1052 sergeant hatred Join Date: Jul 2009 Location: Ottawa Moto: The bus Posts: 2,723	He won't get an $8K offer now. Projects are usually sold at huge discounts. He would be better off to finish it himself and then sell it. He can take courses at community colleges that will teach him how to restore a car, so he can stop paying others to do the work. I would not pay more than $3-4K for a project like that. Hell, the glass alone would probably cost $2000+ __________________ My wife was afraid of the dark...then she saw me naked and now she's afraid of the light. Last edited by karl_1052; 01-27-2010 at 09:21 AM..

01-27-2010, 10:21 AM	#9
lauralynne 667:Neighbor of the Beast Join Date: Mar 2008 Location: Everett WA Moto: VTR1000, SV650, FZR400, CRF150 Posts: 1,403	I will answer when I get to work. This is what we do: www.restoreyourcar.com __________________ WMRRA's slowest Expert! triathalete, mom, racer, rider, friend, sister, wife - all in one tidy package! Married my best friend 8/30/09

01-27-2010, 01:47 AM	#2
Riceaholic High Life Drinker Join Date: Feb 2008 Location: Tampa Bay Moto: 01 GSXR 1000 - Yamaha Zuma 125 Posts: 961	tranny? interior? glass? That's not a complete motor.... How much is left of the original? Trim? Chrome? I'm just bringing up shit that will nickel and dime you to death...

01-27-2010, 02:02 AM	#4
BobTheBiker too much time on my hands Join Date: Jul 2008 Location: the northern district of god damn Moto: 01 ZX6R, looking for more now. Posts: 1,802	$8k is pretty reasnable IMO. anyting higher is totally unrealistic to me. especially for a car that isnt all original. for any non running project car though, to me, $4k is my upper limit, since I know exactly how much of a pain in the ass it is, how much time, and money it costs, and all that shit. its a LOT of work and headaches to deal with these project vehicles. not to mention money.

01-27-2010, 02:35 AM	#6
BobTheBiker too much time on my hands Join Date: Jul 2008 Location: the northern district of god damn Moto: 01 ZX6R, looking for more now. Posts: 1,802	well, in this economy, $8k is a really good offer honestly.

01-27-2010, 11:28 AM	#10
lauralynne 667:Neighbor of the Beast Join Date: Mar 2008 Location: Everett WA Moto: VTR1000, SV650, FZR400, CRF150 Posts: 1,403	paint job alone on that car is going to be another $10-$15k - this is a HUGE project and he's not very far along despite how much money he's spent. And as a coupe, it's not a valuable. He's in over his head and should take whatever he can get - $8k is a GREAT deal - if he can get $5k and get it out of his driveway he'll be doing well. 1972 is not a desirable car. He might like it a lot ($20k spent means he does...) but generally the earlier ones are far more desirable (and worth more) Option 2 is to sell off the parts he bought on Ebay - try and recoup more of the retail on those. How long has the motor sat open like that? And is there a power assist booster with the Baer brakes? Lots of questions to get a more accurate price...but generally he's NOT going to get $20k back out of it - not even close. But he'll get more out of it by parting it back out than trying to pawn off the package. __________________ WMRRA's slowest Expert! triathalete, mom, racer, rider, friend, sister, wife - all in one tidy package! Married my best friend 8/30/09 Last edited by lauralynne; 01-27-2010 at 11:46 AM..