Holy crap. Overpriced?

"Naijaflavor, I Love Doritos" (NaijaFlavor) 11/10/2013 at 21:49 • Filed to: NPOCP

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Guy claims to have invested 33k into this WRX to make an STi. I mean, these vehicles are nice all, but dropping 13.5k on it (especially with the somewhat tacky wheels) is not worth it. Plus, its not a genuine STi, its a spruced yo WRX made to look like an STi. Look at it !!!error: Indecipherable SUB-paragraph formatting!!! .

Nick, Drives a Cobalt LT > Naijaflavor, I Love Doritos 11/10/2013 at 21:54

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Also, modded cars are the biggest mistake anyone will ever make.

They are usually beat on.

Usually poorly put together.

And just bigger money pits then ever expected

Mathias Rios > Naijaflavor, I Love Doritos 11/10/2013 at 21:54

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Such a crack pipe. This is like people putting AMG badges on a non AMG benz. It grinds my gears, along with the fact that he has the nerve to call his crap tastic "ebay" headlights, "Euro" headlights.

YSI-what can brown do for you > Nick, Drives a Cobalt LT 11/10/2013 at 21:59

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Didn't you have a modded car?

Also, just because you add parts to a car doesn't mean the value of the car will go up.

Aaron James > Naijaflavor, I Love Doritos 11/10/2013 at 22:01

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retail on a 2002 wrx is about 7,500. No way he'll get much more than that for it. All those upgrades would hurt the value in a sane persons eyes because you know it's been beat on. With all that money invested it's a good bet that there are serious problems that may not be easily seen. Why else sell it unless you know it's not gonna last much longer.

Straightsix9904 > Naijaflavor, I Love Doritos 11/10/2013 at 22:06

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A) I don't see $33K in upgrades. I think we are talking more $15K in upgrades

B) We may be talking $9K on a good day.

Biostar01 > Naijaflavor, I Love Doritos 11/10/2013 at 22:27

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xD amazing grammar.

"The body is an '02 WRX however all but the motor (stock 2.0 liter motor) is modified STI parts."

also,

douchebag ricer exhaust much?

desertdog5051 > Naijaflavor, I Love Doritos 11/10/2013 at 23:18

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Just because you put that money in the car does not guarantee it is worth that much. Upgraded/customized vehicles rarely return anywhere near what you think they are worth.

His Stigness > Nick, Drives a Cobalt LT 11/11/2013 at 01:00

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Why are they "usually poorly out together?"

His Stigness > Mathias Rios 11/11/2013 at 01:03

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Turning your non performance variant car into a performance variant is not the same as sticking an AMG badge on the trunk. With the right know how you can turn a C250 into a C63. Or more easily, and cheaper, a TDI into a GTD.

N/A POWAAAHH > Naijaflavor, I Love Doritos 11/11/2013 at 07:58

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WUT? an sti motor is $7000 and the drivetrain is $4000 in canada, so 33k seems far fetched

Mathias Rios > His Stigness 11/11/2013 at 08:20

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It says it has the stock 2.0 engine, which to me means it's still a WRX and not an STI. I agree with you but it will never be a "true" AMG as for the first thing you'd have to replace the 4 cylinder with a V8, trans, suspension, brakes, wiring, outer cladding, and basically every single component on the car to make the car merely work...

brakesnow > Naijaflavor, I Love Doritos 11/11/2013 at 09:53

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Ah. Another case of an overpriced wrx. I swear every rex owner thinks their car is worth at least 25% more than market value. Really a shame.

Rico > His Stigness 11/11/2013 at 11:19

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Because they typically are. Most Craigslist modded cars weren't worked on by some well known performance shop but rather Jimbo off of Central Ave. bolted it on. Unless the guy has receipts for whatever performance shop he used to have all the mods done I wouldn't bother, also if he was the one who did the work there's no telling how good or bad it actually is unless you personally know the guy.

Rico > desertdog5051 11/11/2013 at 11:21

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Exactly. All it does is increase the chances of parts going bad or something going wrong and all of a sudden you've got a money pit on your hands.

Rico > Aaron James 11/11/2013 at 11:23

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Yeah at this point if he's looking to make a return on the money he put in he might as well take it apart and piece it out.

Aaron James > Rico 11/11/2013 at 14:07

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Exactly, that's really the only way

His Stigness > Mathias Rios 11/11/2013 at 15:38

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Alright the C250 to C63 was a bad example because it's super extreme. But that also brings up another point in which I agree with you: unless you do change everything to AMG, or STI in this case, you shouldn't badge it as an AMG or STI.

But what if you change over almost everything else, like my example with the TDI to GTD. What if I bought a TDI and put in everything a GTD had, including the same engine tune, or better, a GTD body kit, or R kit, GTD steering wheel, leather interior, lights, blah blah blah.

If I stocked my TDI with GTD parts or better, am I wrong for badging it a GTD? I'd say no because GTD is not as bad as say going from a C350 to AMG because there are huge differences between a regular Mercedes and an AMG. A Golf is much easier to change models.

And as an aside, I would never badge my current Mercedes, or future Mercedes an AMG unless it actually was one.

His Stigness > Rico 11/11/2013 at 15:39

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So what you're saying is even if the seller provides you with receipts you'll ignore them because you don't trust anyone you don't know. Alrighty then.

Rico > His Stigness 11/11/2013 at 15:53

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What I said was "Unless the guy has receipts for whatever performance shop he used to have all the mods done I wouldn't bother"

But if that's not the case then: "if he was the one who did the work there's no telling how good or bad it actually is unless you personally know the guy." Because you can't put too much trust in a random person off craigslist when it comes to modifying a car.

I can show you a receipt for a new turbo, doesn't mean I installed it right just that I bought it from [Insert place].

His Stigness > Rico 11/11/2013 at 16:01

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So what you're saying is I should have read your comment more carefully? That's so overrated.

Let's throw you a curveball though. Let's say I was selling my car that I've done some mods to, but we'll keep it relatively simple and say I re-did most of the suspension on an E46 M3 and also installed a very good sound system. But instead of me just being some joe blow I show you all my ASE certifications that all line up with what I did, in this case I'm certified in suspension, brakes, electrical, and engine performance (drivability/diagnosis) to name a few. Would you then be confident that the work was done correctly and with great attention to detail?

Rico > His Stigness 11/11/2013 at 16:53

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Lol what I'm saying is craiglist is 50-50.

After showing me all of your certifications I would be inclined to believe you, but would also have a 3rd party mechanic take a look at the work to be sure since I, myself, wouldn't know how well the work was actually done or if anything needed fixing.

Still if you dropped let's say $30k+ on E46 M3 mods and tried to sell it to me for $20k above resale due to said mods, I'd have serious reservations.

His Stigness > Rico 11/11/2013 at 17:27

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An independent inspection is cool, and should be done even if I'm the shop foreman of a BMW dealership (if we're still on the E46 scenario). But are you still wary of the mods and just going to have an inspection done of the entire car, or are you still going to have the inspection scrutinize the suspension mods and anything else I did?

In this scenario lets say I put in roughly five grand on the suspension, and a few in the stereo, I think if I were actually selling this hypothetical car I add half of the cost of the mods to the price above blue book or NADA. This price is also based on the rest of the car being perfect, and if it's mine it would be. Do you think cutting the price of the mods in half and adding it to the price would be agreeable or do you not want to pay anything above blue book?

Rico > His Stigness 11/11/2013 at 19:07

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The 3rd party inspection is to inspect the entire car, the existence of added mods will increase scrutiny but the work will speak for itself. If I were selling you a house and told you I just replaced the roof, you'd want to go up and see the work that was done right? Pretty much the same thing here.

As far as paying above KBBV the value estimate is merely a guideline for buyers like me. Without knowing the year E46 I know the typical price range is $13k on the low end and upto $25k on the high end. Let's see your car was worth $17K bb value and you put $7k in mods and seeing that your maintenance records are great, car and mods check out by 3rd party, no reason to believe your fuel or water pump is going to call it quits, I think it'd be reasonable to expect 19k-20K.

But this is all dependent on many many factors. Hell someone could be holding out for $21K and some guy comes along, seller is having a shitty day and buyer says "Hey I've got $18k cash right this second" someone might just part ways with it.

But overall half seems reasonable.

Rico > His Stigness 11/11/2013 at 19:49

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Just another quick point look at what I just found on CL:

http://newjersey.craigslist.org/cto/4185766711…

He's done the works to this car, and he's only asking for $13k I'm sure he's put at least half that into the car already.

His Stigness > Rico 11/11/2013 at 20:32

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Good point on the roof.

I'm glad my first guess seems reasonable because I would never sell any of my cars because one they're German, and two I'll never come out ahead, or even close to breaking even on them because of the large amount of required maintenance and the higher cost of modifications. Even a highly coveted car like an E46 M3 will lose money. If the stars align I'll be buying one from someone on Oppo and even though he just bought the car, and it's a cherry with only 35k miles he's going to lose some money. In the case of my erected I'd lose over ten grand if I sold it, and I've only owned it for three years and driven it about 15000 miles. Cars are money pits plain and simple, and to expect any return is unrealistic.

And it's funny that in the CL ad he says it's stock even though sections, like the entire rear end, aren't. I'd also be wary of cars with lots of warranty claims, to me as a professional technician that means many problems down the road. And German problems means expensive problems.

Rico > His Stigness 11/11/2013 at 20:46

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It all depends on how you look at what you invest in the vehicle. Maintenance just comes with the territory you can't really apply it to getting a "return", kind of like the gas you put in it.

His CL ad description is all over the place, but all of the replacements he's done counting parts/labor that has to add up to at least 7k which is a little more than half what he's asking for, something's probably about to go really wrong in a short amount of time (6 months).

Nick, Drives a Cobalt LT > YSI-what can brown do for you 11/11/2013 at 20:48

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I do drive a modded car, however it has all been professionally done, nothing was hacked up by some backyard crew.

And I don't plan on selling my car anytime soon

Mathias Rios > His Stigness 11/11/2013 at 21:01

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In the case you describe it probably is OK to badge it as what it pretty much is. Although sleepers are awesome. But yeah, pretty much everything you said here I agree with.

His Stigness > Rico 11/11/2013 at 21:22

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Yeah maintenance shouldn't be considered when thinking of "return," but it's still money you put into the car, and in German cars you're going to spend more.

Yeah he put a lot of money into it, and if it was just preventative stuff (which the rear end stuff is) I'd be fine with it, but with the differential needing to be replaced I'd be wary.