How much do you think my car is worth?
#1
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How much do you think my car is worth?
Considering that it has under 47K miles and it was *never* drag raced, how much do you think my car is worth today?
Check mods and specs here
Check mods and specs here
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Unfortunately what a car is worth and what it might sell for are usually not that close. To the right person, that car is worth $22-25k. To everyone else, maybe $18-20k. I have checked blue book on mine (34k miles) and it is maybe $23k - and that is "retail" value..........
Our cars are notoriously hard to sell on the normal market. It just takes time & patience and a little bit of good luck.
Why is my question?
FYI, to me, an owner saying it was never drag raced means nothing (unless I know him/her personally) because anyone can say that whether or not it is true. It wouldn't make me offer a dime more whether or not it was true. Sadly, there is no way to prove it has not been raced.
Our cars are notoriously hard to sell on the normal market. It just takes time & patience and a little bit of good luck.
Why is my question?
FYI, to me, an owner saying it was never drag raced means nothing (unless I know him/her personally) because anyone can say that whether or not it is true. It wouldn't make me offer a dime more whether or not it was true. Sadly, there is no way to prove it has not been raced.
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LOL if you decide to sell it let me know for how much, would be funny if I ended up in another SOM. Rotty has it about right although he is optimistic on the actual value of your car at 18-20 but I could see the right person going 20-22. I bet if you tried to trade it in you'd get maybe 15.
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The car is worth $30K Nick. But like everyone said, you'll probably get $20k +/- a couple grand. I have close to $60k in mine now, and I'd probably get $25+ from the right buyer. But I NEVER plan to sell it. One thing you do have that I don't is a rare car. (SOM)
#10
Yeah, this area is not a good one for selling these cars at a good price... if it isn't an import, or an overly large SUV, or better yet an overly large import SUV, people don't really want it.
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Originally Posted by WS6freak
Yup, mine is a '01.
Originally Posted by Tranzor_Z28
Yeah, this area is not a good one for selling these cars at a good price... if it isn't an import, or an overly large SUV, or better yet an overly large import SUV, people don't really want it.
Not surprisingly up here, with the weather the way it is , these cars would be harder to move, especially right now (time of year).
#12
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Originally Posted by TwoFast4Lv
Nick I will give ya....$99.95 today only! J/K!
I think every one has given you solid advise. The only way to get good money out of them is to have Bobby Drive it till some one see's it and just HAS to have it!
I think every one has given you solid advise. The only way to get good money out of them is to have Bobby Drive it till some one see's it and just HAS to have it!
LOL the Moton Tuners do carry a premium I'd have to drive it at least all summer though to put my name on it!
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Yeah that's what thought... I don't plan on selling it anytime soon, but I've been drooling over the new 2007 Lexus LS-460 eight speed automatic - the hybrid version will have more than 500hp with V6-like mpg. Won't be fast as the bird but oooohhhh "me like luxury" too...
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Originally Posted by WAHUSKER
The car is worth $30K Nick. But like everyone said, you'll probably get $20k +/- a couple grand. I have close to $60k in mine now, and I'd probably get $25+ from the right buyer. But I NEVER plan to sell it. One thing you do have that I don't is a rare car. (SOM)
New 04 H2 ..................$48,500
Blown stock engine........-$4,500.00 (price of crate engine replacement)
NEW 402......................+8,500.00
Adjusted "investment" ...$52,000
See parts sold are deducted and parts broken just "disappear"
I only count what is in the vehicle at the time. Anything else would make me crazy!!!
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Originally Posted by CHarris
You've got to start some new accounting method there, Mark. As an example... a blown stock engine deducts the amount of a replacement crate engine. To better illustrate:
New 04 H2 ..................$48,500
Blown stock engine........-$4,500.00 (price of crate engine replacement)
NEW 402......................+8,500.00
Adjusted "investment" ...$52,000
See parts sold are deducted and parts broken just "disappear"
I only count what is in the vehicle at the time. Anything else would make me crazy!!!
New 04 H2 ..................$48,500
Blown stock engine........-$4,500.00 (price of crate engine replacement)
NEW 402......................+8,500.00
Adjusted "investment" ...$52,000
See parts sold are deducted and parts broken just "disappear"
I only count what is in the vehicle at the time. Anything else would make me crazy!!!
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It wouldn't be worth selling or trading for the Lexus. You would always wish you had he 'bird back no matter how much you enjoy the luxury. But if you do sell it and start stripping parts, just remember me first.
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Is hard to get what these cars are worth. I have a 02 Z28, purchased it in 2002 with 1,500 miles on it and was built 3 months before I bought it used for 18k out the door. Was really a new car fully loaded with ground effects and all the options. This was at a car dealership too.. I know the Z28's sell for less than the SS's or WS6's, but is a example... If you look on autotrader you can figure out a base price for a 01 WS6 and add a couple 1,000 on for the mods. Sometimes is harder to sell a modded car than one that isn't... I know when I went to get my Z28 they had a 01 SS sitting next to it with about 10k miles and nitrous hookups, but no bottle and the dealer said it was a high 11 second car...just because of the mods I went for the lower mileage Z28.. Now that I have had one of these cars I know more what to look for, but even with the h.p you have, I really can't see anyone paying more than 19k.. now I see C5 vettes all the time for 22- 24k with nice miles and even see z06's at times for that price.
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Originally Posted by CHarris
You've got to start some new accounting method there, Mark. As an example... a blown stock engine deducts the amount of a replacement crate engine. To better illustrate:
New 04 H2 ..................$48,500
Blown stock engine........-$4,500.00 (price of crate engine replacement)
NEW 402......................+8,500.00
Adjusted "investment" ...$52,000
See parts sold are deducted and parts broken just "disappear"
I only count what is in the vehicle at the time. Anything else would make me crazy!!!
New 04 H2 ..................$48,500
Blown stock engine........-$4,500.00 (price of crate engine replacement)
NEW 402......................+8,500.00
Adjusted "investment" ...$52,000
See parts sold are deducted and parts broken just "disappear"
I only count what is in the vehicle at the time. Anything else would make me crazy!!!
And I'd still probably only get ~$20K!
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When selling a car I don't think mods really add much value.
if you have a cam, well the car came with a cam....so you've added no value
headers....car came with exhaust manifold
swaybar....same
so on, and so on
now you add a supercharger...well it didn't come with that so it might up the value a little.
But like all have said, you have to find the right buyer to pay for it. It also depends on the bank, cause when the guy goes to get a loan, Mr. banker looks it up in his little book and says "uh, we can lend you $18k for it" It's not going to mater to the banker that it has headers and a h/c package.
Basically moding a car is wasting your money, but obviously we all do it.
if you have a cam, well the car came with a cam....so you've added no value
headers....car came with exhaust manifold
swaybar....same
so on, and so on
now you add a supercharger...well it didn't come with that so it might up the value a little.
But like all have said, you have to find the right buyer to pay for it. It also depends on the bank, cause when the guy goes to get a loan, Mr. banker looks it up in his little book and says "uh, we can lend you $18k for it" It's not going to mater to the banker that it has headers and a h/c package.
Basically moding a car is wasting your money, but obviously we all do it.