Author Topic: Need advice (Read 840 times)

RustyRed · « **Reply #25 on:** July, 23, 2010, 12:02:05 PM »

Quote from: sigtauenus on July, 23, 2010, 10:29:42 AM

FYI, most of us here are spending more money on our car than it is worth, some moreso than others.

I resemble that remark.

I've figured out you probably are never going to make money on trying to flip a classic Mustang. People in my neck of the woods want a couple thousand for cars that I wouldn't give $500 for as a parts car. For some reason when they have an old Mustang some folks seem to believe they have a pile of gold in the yard.

It doesn't matter to me...I've been building my coupe for my enjoyment and building it the way I want it. If it happens to add value great, if it doesn't...who cares.

If the market would come up in price a bit more I might could break even on my car if I found a real sucker, doesn't matter to me though.

I'd say your best bet is don't spend another dime on the coupe unless your fixing it up for your enjoyment and plan to keep it for a long time to come. Sounds like you'd be better off selling it as is.

sigtauenus · « **Reply #26 on:** July, 23, 2010, 12:04:26 PM »

Quote from: Kats66Pny on July, 23, 2010, 11:48:37 AM

He's at work right now, but asked if I could drive it over so he could look at it.

Don't do it. I know its a buyer's market and you may take a bath on this, but that doesn't mean you need to invest your time and gas money on his curiosity. If he is really interested, let him come to you.

scedd · « **Reply #27 on:** July, 23, 2010, 12:32:06 PM »

Quote from: Kats66Pny on July, 23, 2010, 11:48:37 AM

I explained the good and bad parts and still wants to look so we'll see.

Dont get too carried away with telling all about the bad points.
Talk the car up, not down.
Its the same as if i scored a date with a beauty queen,
they will hear all about my huge inheritance and mansion, but nothing about my bad eye or shrivelled up testicle!

AzPete · « **Reply #28 on:** July, 23, 2010, 12:37:53 PM »

Quote from: scedd on July, 23, 2010, 12:32:06 PM

Dont get too carried away with telling all about the bad points.
Talk the car up, not down.

I tend to disagree with that line of selling. I told the guy that bought mine every bad thing I could think of. I wanted no surprise calls about something I failed to tell him. If you don't hide anything, there is never a question as to the quality of the sale transaction. Also, I received all kinds of notes from John about his car before I bought it. Maybe I am to honest but I sleep good after a sale.

scedd · « **Reply #29 on:** July, 23, 2010, 12:50:42 PM »

Quote from: AzPete on July, 23, 2010, 12:37:53 PM

I tend to disagree with that line of selling. I told the guy that bought mine every bad thing I could think of. I wanted no surprise calls about something I failed to tell him. If you don't hide anything, there is never a question as to the quality of the sale transaction. Also, I received all kinds of notes from John about his car before I bought it. Maybe I am to honest but I sleep good after a sale.

I agree with you regarding being honest.
Integrity should always come first (which is why most of us will never be Real Estate Agents, Car Salesmen or Politicians)
My reference is to the sale of a cheaper "Doer-upper", rather than an expensive one like yours that is almost perfect.
2 different sales

napaguy · « **Reply #30 on:** July, 23, 2010, 12:59:31 PM »

Quote from: sigtauenus on July, 23, 2010, 12:04:26 PM

Don't do it. I know its a buyer's market and you may take a bath on this, but that doesn't mean you need to invest your time and gas money on his curiosity. If he is really interested, let him come to you.

Agreed...I can tell already the "potential buyer" is a nut scratcher. Dont waste your time

AzPete · « **Reply #31 on:** July, 23, 2010, 01:02:17 PM »

Quote from: scedd on July, 23, 2010, 12:50:42 PM

I agree with you regarding being honest.
Integrity should always come first (which is why most of us will never be Real Estate Agents, Car Salesmen or Politicians)
My reference is to the sale of a cheaper "Doer-upper", rather than an expensive one like yours that is almost perfect.
2 different sales

A sale is a sale....no matter what the quality of the item sold. I sold two '60 F100's in Az. The buyer saw two typed pages of things needing attention that I knew of...and that was just on the good truck...the other was for parts only. I also helped a tow company move abandoned cars....I told the buyers all I knew about them after driving them for a few days. It was their choice to buy....with no hidden problems.

Anyway....I hope you move it soon Kat.............

Kats66Pny · « **Reply #32 on:** July, 23, 2010, 01:17:14 PM »

Quote from: scedd on July, 23, 2010, 12:32:06 PM

.....shrivelled up testicle!

Ok I really didn't need that visual in my head. :lol

I took the mustang over to him. I didn't mind because I was going to take her out anyway and test the brakes (which btw still pulls to the right, maybe I didn't adjust the bearings right?) and she needed a gas fill up before tonights Friday night cruise in.

The guy owns a used car dealership. :ep We pulled in and there was a white 66 coupe sitting there. Sold already though. Damn! Anyway, he liked the stang, and offered $3k cash. I said I don't know, that I wasn't in any rush to sell since I'm still undecided on what to do. Then he said $3.5k cash.. I said nah.. he went to $4k cash. I said I don't know, let me think about it and he said if I want to let her go for $4k, give him a call. I don't trust car salesmen so figured I'd see what you all thought about what he offered.

For $4k, do you think I could find a mustang in decent shape with so-so interior (seats, correct gauges, seat belts, etc) with nothing major needing fixed like rusted floor pans/cowl vents/things that would require me to weld?

AzPete · « **Reply #33 on:** July, 23, 2010, 01:33:46 PM »

No......unless you find someone real desperate to sell.

The $4000 offer is pretty fair but you have looked around and know what is out there. I might tell him $5000 and it is his since he sees a $6000 price advertised.

You will have to take your time buying the next one with the limited funds. Most have at least one major problem in that price range.

scedd · « **Reply #34 on:** July, 23, 2010, 01:36:16 PM »

If he will give you 4k, it is worth 6k.
He is a car dealer, not a charity.

napaguy · « **Reply #35 on:** July, 23, 2010, 01:37:34 PM »

Kat,
Other's MMV but I would take the 4k and run if the guy is serious...

Kats66Pny · « **Reply #36 on:** July, 23, 2010, 02:21:24 PM »

Quote

No......unless you find someone real desperate to sell.

The white 68 coupe folks sounded like they were in a hurry to sell it. The wife is due to have their baby in about a month and they need a family car. So I guess it just takes some patience and finding the right person to buy from.

Quote

The $4000 offer is pretty fair but you have looked around and know what is out there. I might tell him $5000 and it is his since he sees a $6000 price advertised.

I told him I wouldn't take less than 5, that if I didn't get atleast 5 then there's no point in selling it and I would just keep it. Thats when he offered $4k. If a car dealership guy is willing to pay $4k then I'm sure there's someone out there who would pay $5k or more. Hell I paid the $5k for it. :shy I also learned the white 66 that was out there is the same one listed on craigslist that was for sale for $4000 and has a blown rod. He said he just bought and sold it the day after he bought it. Wouldnt suprise me if he bought it, sold it for 5 or more and its still in his parking lot even though it's sold because the new owner needs to get it towed home.

ko67 · « **Reply #37 on:** July, 29, 2010, 03:17:16 PM »

Quote from: scedd on July, 23, 2010, 12:32:06 PM

Its the same as if i scored a date with a beauty queen,
they will hear all about my huge inheritance and mansion, but nothing about my bad eye or shrivelled up testicle!

That could be the quote of the day for today. By the way, what a great idea. We should have a quote of the day thread. Someone start one...