Experience with selling a high HP vehicle?

Big A · 12-31-2019, 08:16 AM

I'll need to find a new home for my Mustang in a month or three, and I've not yet had the privilege of selling a car privately. I've traded in up until now, but don't need a new car at this point, and would positively lose my ass on the upgrades (more so than usual).

Two part question, what are mods worth these days on a 2 yo car, and how have you handled test drives in a similar situation?

My primary concern is to vet out the joy riders, as well as protecting against inexperienced drivers who very well may be serious buyers. As far as I'm concerned, the guy/gal that's going to buy it can do donuts in an intersection, if that's what they need to know they want to car, but I don't want some yahoo in there wasting rubber, and potentially destroying the gearbox/clutch, or wrecking it.

Is a deposit of some kind feasible?

On the aspect of upgrades, I've added just about every bolt on possible, including, but not limited to a CF driveshaft, active exhaust, and a blower. Not an insignificant amount has been spent, what can I reasonably expect to add to the asking price as a percentage?

Trip McNeely · 12-31-2019, 08:32 AM

I have never heavily modded a car that I sold, but my take on selling any modded car is that you never recover that money unless it’s a specialty vehicle or at least it is rare to.

D. Lil · 12-31-2019, 08:34 AM

In the past, I have driven the car on test drives. If they HAVE to drive it then I need cash in hand.

HaMMuH · 01-23-2020, 10:43 AM

Quote:

Originally Posted by D. Lil

In the past, I have driven the car on test drives. If they HAVE to drive it then I need cash in hand.

This 100%....full amount of Cash in hand or no driving. Had a guy wreck my buddies Viper during a test drive luckily we talked the night before and he had a brief case of cash he was holding when they went for the test drive.

Dumb-ass...down shifted to a low gear at a high speed did a 360 and slammed a curb on the right side of the car....my buddy just looked at him and said you now own a Viper :-) (he then asked if my buddy would claim it on his insurance)

Gasser64 · 01-23-2020, 03:03 PM

Quote:

Originally Posted by HarrisonTX

Will you explain a buy back? like a repo?
Once they hit 100k, people dump the cars. I saw a 4 door at 97k for $22k.

Is 100k when they start to go bad? Some cars are like that, kias and such.

Quote:

Originally Posted by kingjason

There was something else I can't remember but with just 50k miles it was a reminder of why I stear clear of GM products. They also have driveshaft, sunroof, and timing chain issues. 11 and back 6cyl at least had oil burning issues.

I really loved the design, comfort, and concept of that car and it had me looking hard at the Lexus FC cars since it would be all that and reliable.

Which is sad cause it used to be that GM was fairly reliable. All my GM buddies keep saying they've gone downhill. Maybe the loss in quality has something to do with all their financial problems.

Seems like the Lexus would be pretty reliable, what with being a toyota and all.

Big A · 01-23-2020, 05:52 PM

Quote:

Originally Posted by HaMMuH

This 100%....full amount of Cash in hand or no driving. Had a guy wreck my buddies Viper during a test drive luckily we talked the night before and he had a brief case of cash he was holding when they went for the test drive.

Dumb-ass...down shifted to a low gear at a high speed did a 360 and slammed a curb on the right side of the car....my buddy just looked at him and said you now own a Viper :-) (he then asked if my buddy would claim it on his insurance)

Hearing this cements it, I had an open mind to somebody driving it without the full amount, but if they're serious after I drive it for them, a real buyer will come back cash in hand.

bird_dog0347 · 12-31-2019, 08:42 AM

If you have the stock parts, put back as close as possible to stock then sell the car, and sell the parts for 40%ish off retail.

svauto-erotic855 · 12-31-2019, 08:47 AM

Selling a heavily modified car is a losing proposition unless the car is a specialty car. Sometime back I sold a heavily modified FD RX-7 and believe that it is the only modified car I've ever sold that I made money on.

BP · 12-31-2019, 08:55 AM

Texas Hot Rides specializes in doing exactly what you're asking about. You might want to give them a shot to make an offer before you deal with random strangers.

You can probably make more by selling it yourself but you'll get calls from toothless hillbillies that'll just want to talk about their uncle daddy's El Camino with a 3/4 race cam that wants to race you for titles. That and guys with $500 cash who are waiting for an insurance check that want you to hold it for them.

Big A · 12-31-2019, 09:06 AM

Quote:

Originally Posted by BP

Texas Hot Rides specializes in doing exactly what you're asking about. You might want to give them a shot to make an offer before you deal with random strangers.

You can probably make more by selling it yourself but you'll get calls from toothless hillbillies that'll just want to talk about their uncle daddy's El Camino with a 3/4 race cam that wants to race you for titles. That and guys with $500 cash who are waiting for an insurance check that want you to hold it for them.

I'll look them up when the time come, this is exactly what I'm not looking forward. I don't have the time nor patience to deal with bs, and will probably piss a few of them off, but don't be wasting my time.

Sent from my SM-G965U using Tapatalk

cobrajet69 · 02-21-2020, 08:26 AM

Quote:

Originally Posted by Big A

I'll look them up when the time come, this is exactly what I'm not looking forward. I don't have the time nor patience to deal with bs, and will probably piss a few of them off, but don't be wasting my time.

Sent from my SM-G965U using Tapatalk

This is who I sold my Shelby GT500 to a few months back. Gave me a fair price and was a quick & painless deal and never had to deal with the ass hats wanting to joyride. Ask for Jon, he will definitely be fair to you and is a great guy to work with.

David

Big A · 12-31-2019, 09:03 AM

I bought it new in 2017, and threw parts at it immediately. I'm not expecting to take make a profit, due to depreciation alone, but would like to get FMV for the package as a whole to mitigate any loss. I don't want to turn away a potential sale with an unrealistically high asking price, and I also want to know where to draw the line in ignoring low ballers.

If the loss is unpalatable I'll hold onto the car a while longer, but we are moving this summer, and I'd rather not bring it with me.

Sent from my SM-G965U using Tapatalk

cool cat · 12-31-2019, 09:08 AM

You're better off hitting a pelican, and taking the insurance money.

BP · 12-31-2019, 09:17 AM

Quote:

Originally Posted by cool cat

You're better off hitting a pelican, and taking the insurance money.

Funny thing, last I heard he still owns that car. I mean he went to prison but he still has a Veyron.

kingjason · 12-31-2019, 11:04 AM

Quote:

Originally Posted by BP

Funny thing, last I heard he still owns that car. I mean he went to prison but he still has a Veyron.

I thought there was a youtbe video of where that car is now. Like it was sold, took apart, another buyer got it, sold again.

I can tell you on a few heavily modded cars I built I was lucky to get the stock value for them. Just depends, if the right guy comes along, you might get way more than you think. It is a crap shoot really. These fools will have tax return money right now so this is a good time of year to sell!

ram57ta · 12-31-2019, 11:09 AM

Quote:

Originally Posted by kingjason

I thought there was a youtbe video of where that car is now. Like it was sold, took apart, another buyer got it, sold again.

I can tell you on a few heavily modded cars I built I was lucky to get the stock value for them. Just depends, if the right guy comes along, you might get way more than you think. It is a crap shoot really. These fools will have tax return money right now so this is a good time of year to sell!

Makes me wonder what I could get for the Grand National if I painted it. Doubt I could force myself to do it though. Too much blood, sweat and tears have gone into it. I'll probably be buried in it.

kingjason · 12-31-2019, 11:30 AM

Quote:

Originally Posted by ram57ta

Makes me wonder what I could get for the Grand National if I painted it. Doubt I could force myself to do it though. Too much blood, sweat and tears have gone into it. I'll probably be buried in it.

Being as that is a collectible, even though it is a Buick, it may surprise you.

71chevellejohn · 12-31-2019, 10:24 PM

Quote:

Originally Posted by kingjason

I thought there was a youtbe video of where that car is now. Like it was sold, took apart, another buyer got it, sold again.

I can tell you on a few heavily modded cars I built I was lucky to get the stock value for them. Just depends, if the right guy comes along, you might get way more than you think. It is a crap shoot really. These fools will have tax return money right now so this is a good time of year to sell!

https://youtu.be/oe-rU03uJhI

There's at least one other vinwiki video about it too.

ram57ta · 12-31-2019, 09:59 AM

Quote:

Originally Posted by cool cat

You're better off hitting a pelican, and taking the insurance money.

EXACTLY what came to mind when I saw the post

4bangen · 12-31-2019, 09:09 AM

I have two stock GT's we can just put all your go fast parts on one of my cars and put yous back to stock. problem solved!

12-31-2019, 08:16 AM	#1
Big A Lifer Join Date: Jul 2001 Posts: 43,641	Experience with selling a high HP vehicle? I'll need to find a new home for my Mustang in a month or three, and I've not yet had the privilege of selling a car privately. I've traded in up until now, but don't need a new car at this point, and would positively lose my ass on the upgrades (more so than usual). Two part question, what are mods worth these days on a 2 yo car, and how have you handled test drives in a similar situation? My primary concern is to vet out the joy riders, as well as protecting against inexperienced drivers who very well may be serious buyers. As far as I'm concerned, the guy/gal that's going to buy it can do donuts in an intersection, if that's what they need to know they want to car, but I don't want some yahoo in there wasting rubber, and potentially destroying the gearbox/clutch, or wrecking it. Is a deposit of some kind feasible? On the aspect of upgrades, I've added just about every bolt on possible, including, but not limited to a CF driveshaft, active exhaust, and a blower. Not an insignificant amount has been spent, what can I reasonably expect to add to the asking price as a percentage?

12-31-2019, 08:47 AM	#8
svauto-erotic855 I know everything, I'm older than you Join Date: Nov 2010 Posts: 7,709	Selling a heavily modified car is a losing proposition unless the car is a specialty car. Sometime back I sold a heavily modified FD RX-7 and believe that it is the only modified car I've ever sold that I made money on. __________________ Magnus, I am your father. You need to ask your mother about a man named Calvin Klein.

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12-31-2019, 08:32 AM	#2
Trip McNeely Black Ac Join Date: Mar 2004 Location: Central Alabama Posts: 38,893	I have never heavily modded a car that I sold, but my take on selling any modded car is that you never recover that money unless it’s a specialty vehicle or at least it is rare to.

12-31-2019, 08:34 AM	#3
D. Lil Lifer Join Date: Apr 2005 Location: DTX Posts: 1,311	In the past, I have driven the car on test drives. If they HAVE to drive it then I need cash in hand.

12-31-2019, 08:55 AM	#9
BP infidel Join Date: Apr 2000 Posts: 19,479	Texas Hot Rides specializes in doing exactly what you're asking about. You might want to give them a shot to make an offer before you deal with random strangers. You can probably make more by selling it yourself but you'll get calls from toothless hillbillies that'll just want to talk about their uncle daddy's El Camino with a 3/4 race cam that wants to race you for titles. That and guys with $500 cash who are waiting for an insurance check that want you to hold it for them.

12-31-2019, 09:03 AM	#12
Big A Lifer Join Date: Jul 2001 Posts: 43,641	I bought it new in 2017, and threw parts at it immediately. I'm not expecting to take make a profit, due to depreciation alone, but would like to get FMV for the package as a whole to mitigate any loss. I don't want to turn away a potential sale with an unrealistically high asking price, and I also want to know where to draw the line in ignoring low ballers. If the loss is unpalatable I'll hold onto the car a while longer, but we are moving this summer, and I'd rather not bring it with me. Sent from my SM-G965U using Tapatalk

12-31-2019, 09:08 AM	#13
cool cat Lifer Join Date: May 2003 Posts: 16,580	You're better off hitting a pelican, and taking the insurance money.

12-31-2019, 09:09 AM	#20
4bangen ©4bangen© VIP Member Join Date: Dec 2002 Posts: 6,458	I have two stock GT's we can just put all your go fast parts on one of my cars and put yous back to stock. problem solved!