Modifying your doesn't increase its value

[strat61caster]

@rice_classic and that was only when I skimmed page one of the classifieds! Go back further and there's dozens of threads chock full of entertainment value.

You don't have to wonder, it's already happened.

[chiefshayan]

Oh man I have the perfect CL link for this thread...

http://sfbay.craigslist.org/eby/cto/4611485269.html

Read it and weep, 35k for a FRS?!?!?

[strat61caster]

Originally Posted by chiefshayan

Oh man I have the perfect CL link for this thread...

http://sfbay.craigslist.org/eby/cto/4611485269.html

Read it and weep, 35k for a FRS?!?!?

Dealership somewhere in the bay (forgot which) had one for $39k, not even FI just fully loaded TRD, leather, aftermarket nav and some other superficial stuff. And it wasn't the only one...

http://www.ft86club.com/forums/showthread.php?p=365260
http://www.ft86club.com/forums/showthread.php?p=388076

[Rampage]

Whenever I see "For Sale" ads like that I always think, 'OK, so you have modded the car to the point that even you do not like it anymore and now you want me to buy it?'

[mfbmike]

TLDR

It's more cost effective (and I use that term lightly) to part out before selling car.

[jebuwh]

Originally Posted by chiefshayan

Oh man I have the perfect CL link for this thread...

http://sfbay.craigslist.org/eby/cto/4611485269.html

Read it and weep, 35k for a FRS?!?!?

Should we all call him and then laugh when he answers?!


[ame]http://youtu.be/nxXEPk3dzFg[/ame]

[noobcake]

I once read on a forum that you can buy a wrx for 25k new but if you want it used/modded it will cost 28k lol.

[reni]

Originally Posted by noobcake

I once read on a forum that you can buy a wrx for 25k new but if you want it used/modded it will cost 28k lol.

Shit they should've called me, I know a guy who'll rape your new car for only $0.10/mile.

[n2oinferno]

Ah yes. Interestingly enough I don't think everyone's ever going to just "get it" and realize that it's not cost of car + cost of parts = asking price..

I think to a degree it's fair to ask a slight premium sometimes, if the stock parts are included with the sale. SLIGHT premium though. Maybe 30% or so of your original purchase cost. So figure you've got a 25k car now worth about 17k, and you paid ten grand in tasteful modifications that are wanted by your potential buyers.. Yeah, I'd say 20k probably isn't unreasonable.

[Gunman]

Cars are designed by the OEM's for mass appeal. Certain cars have less mass appeal, which is why you see more of certain cars than others. Any car you modify, you reduce the market size, and more mods reduce it even farther. Thus, they are hard to sell, or you take a "loss".

I've seen street rods, with over $250,000 invested, make the Great 8 in the Ridler, and barely pull $100k at auction. Is the car not worth $250k? maybe, but finding that one buyer that is willing to pay it, is not that easy.

[rice_classic]

Originally Posted by Gunman

Cars are designed by the OEM's for mass appeal. Certain cars have less mass appeal, which is why you see more of certain cars than others. Any car you modify, you reduce the market size, and more mods reduce it even farther. Thus, they are hard to sell, or you take a "loss".

I've seen street rods, with over $250,000 invested, make the Great 8 in the Ridler, and barely pull $100k at auction. Is the car not worth $250k? maybe, but finding that one buyer that is willing to pay it, is not that easy.

Basically the entire article in the original post, in a nutshell.

[Dave-ROR]

Originally Posted by Rampage

Whenever I see "For Sale" ads like that I always think, 'OK, so you have modded the car to the point that even you do not like it anymore and now you want me to buy it?'

There's some of that for sure.


There's also these reasons:
-People like a project and once one is "done" they want to move on. This causes them to lose a ton of money on this hobby. See @King Tut
-People build the car because they want want want but can't afford it so once that 20,000 credit card bill starts coming in they have to dump and recover as much as they can.


I'm sure there are other reasons too though.

[King Tut]

Originally Posted by Dave-ROR

There's some of that for sure.

There's also these reasons:
-People like a project and once one is "done" they want to move on. This causes them to lose a ton of money on this hobby. See @King Tut
-People build the car because they want want want but can't afford it so once that 20,000 credit card bill starts coming in they have to dump and recover as much as they can.

I'm sure there are other reasons too though.

The only car I ruined was my Cayman R. When Fabspeed tells you the products are "Race" products, don't install them on your street car. Lesson learned on that one, but at least it went to somone that was actually going to track the car. I don't like to call it losing money on the hobby, more just the cost of admission. As long as the enjoyment you get out of the parts/hobby are greater than the amount paid, then you can't really call it losing money.

[Poodles]

Depends a whole lot on the modifications as well. Some cars have well known weaknesses and if those issues have been already fixed, the car gains value.

I do see the point of the article though. The whole "you couldn't build this car for this price" doesn't mean it's a fair price.