"Denver Is Stuck In The 90s" (denver80222)
01/17/2015 at 08:52 • Filed to: None
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"Denver Is Stuck In The 90s" (denver80222)
01/17/2015 at 08:52 • Filed to: None | 0
| 10 |
3k for a one owner classic in that shape isnt horrible right? It has to be worth at least 4k
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jkm7680
> Denver Is Stuck In The 90s
01/17/2015 at 09:01 |
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Looks rusty as hell, I don't even want to know what the frame looks like. I'd say pass.
Biased Plies
> Denver Is Stuck In The 90s
01/17/2015 at 09:07 |
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I don't know, those have pretty soft suspension. Better ask the expert in this field, Raphael Orlove.
deekster_caddy
> Denver Is Stuck In The 90s
01/17/2015 at 09:08 |
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It all depends where the rust is. No, they aren't really worth that much. Even in awesome shape, a 350 2bbl car isn't worth that much.
Also, I think that car has been on CL for a long time. I remember looking at something very similar when we were trying to figure out what to do with my brother's '69 last year and I think that was the same car.
Edit - the closer I look the worse shape it's in. Water leaks around the back window, interior is really rough. The console shifter is worth something in parts, but not that much... lots of issues with that car, no way it's going to fetch $3K, it's a $900 parts car.
edit again - if you have interest in an old buick watch the forum v8buick.com. Lots of stuff goes through there, not a ton of for sale items but when they do come up people are pretty honest about the issues and pricing.
505Turbeaux
> Denver Is Stuck In The 90s
01/17/2015 at 09:13 |
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The difference in a non desireable classic like that between 3 and 4 grand is a matter of negotiation, which means it isn't worth your while. If it is listed in your area for 3, and hasn't sold, it is likely the few people interested have seen it and passed at that price. So it it worth whatever someone is willing to pay
OkCars- 22k Crossroads
> Denver Is Stuck In The 90s
01/17/2015 at 09:23 |
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what do you mean by flip it?
Im not from the US so i dont understand that phrase.
jariten1781
> OkCars- 22k Crossroads
01/17/2015 at 09:39 |
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Buy it at a low price, put little or no work in, then sell it quickly for a large profit.
There's a trend here driven by TV shows and internet articles that makes people believe this is an easy way to make big money (also done with houses). In reality it's not all that easy and even if you make it work it's not big dollars. Another in a line of get rich quick schemes.
Tipo Stradale Fever
> OkCars- 22k Crossroads
01/17/2015 at 09:50 |
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twochevrons
> Denver Is Stuck In The 90s
01/17/2015 at 11:00 |
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I have no idea what a fair price for a car like that would be, but in my eyes, at least, the main driver of the price on that car would be the rust. Unless you can weld, rot is expensive and time-consuming to fix, and even if you got the rest of the car in great shape, that rust is going to scare people off. After all, a general rule of thumb is that if you can see significant rust on a car, the rust that you can't see is probably ten times worse.
If you're looking to flip a car, the best course of action is to find a one with issues, whether cosmetic or mechanical, that you are confident that you can fix cheaply. Of course, that takes a good eye, a bit of experience, and a whole lot of luck, but it can be done – after all, folks such as Tavarish seem to do okay with it. I lucked out with my 850R in that respect – I paid very little for it because it had electrical issues and looked pretty rough. With a few junkyard parts and a lot of elbow grease, I reckon that I could probably sell it for twice my all-in cost, not that I plan on doing so.
Having said that, you've also got to factor in things like time. Sure, I could make a few dollars selling my 850R, but given the time that I've spent on it, it would probably work out to less than minimum wage. DIY work is only 'free' if your time is worth nothing. Still doesn't stop me from enjoying working on cars, but it's another thing to keep in mind.
As 505 said, a car (or anything, for that matter) is only worth what somebody is willing to pay. Just buying and reselling a car locally probably isn't going to do it – if they're selling for less than market value, there's probably a reason for it, and if it's has been listed for a long time, there is something that is scaring people away. The trick is to find 'scary' cars that you can fix. Easier said than done, but it is indeed possible, especially when a car is right at the bottom of its depreciation curve.
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OkCars- 22k Crossroads
> Tipo Stradale Fever
01/17/2015 at 16:56 |
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Haha denver wants to flip over in that car. The roof is not going to hold.
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OkCars- 22k Crossroads
> jariten1781
01/17/2015 at 16:59 |
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Oh right, i get it. Like gas monkey tv show. But i watch it in spanish so i cant hear if they use the term.