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Advice on selling

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emwmarine
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Advice on selling

Postby emwmarine » 14 Jan 2009 08:55

Unfortunately I may have to part with my 50,000 mile 1981 FHC which is part way through 'restoration'.

The body is very sound with no rust in the usual places and clean fresh paint underneath. All the trim has been removed and it is part way through painting.

My question is that I also have the suspension and brake pack from S&S, not fitted, (polybushes, upreated springs & shocks, brake pipes, discs and pads) and also Stainless manifold and exhaust and k&N filters.

How is the bestway to sell. Should I put the whole lot on ebay or sell seperately?

Any thoughts welcomed.

Brian

Shauniedawn
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Postby Shauniedawn » 14 Jan 2009 11:53

Hmmmm.

I don't think any one answer will be correct for you here.

I'm sure the parts would sell well individually <b>normally</b>, but we are in a difficult economic climate, and the worst part (Jan/Feb)of any year to get the best price.

As you know any part-restored car doesn't ever make very good money, so a few new parts included might well help the sale along?

The car on its own might not be that appealing being partially dismantled, regardless of the few new bits. Most folks like something that is together so they know how it all goes back, and to easily spot anything which is missing.

I think it's a hard one for you. Obviously better and easier if the car was altogether.

Where are you in the country by the way?

Shaun



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emwmarine
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Postby emwmarine » 14 Jan 2009 13:26

Essex, in southend on sea.

I might try to complete it if circumstances allow.

FI Spyder
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Postby FI Spyder » 15 Jan 2009 01:56

What Shaun said. An incomplete restore will bring the least amount of return on cash spent. This is one situation you want to avoid. Take a break from the resoration, find some one that will encourage you to soldier on, reminding you the journey is as enjoyable as the destination or be prepared to bite the bullit.



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PeterTR7V8
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Postby PeterTR7V8 » 15 Jan 2009 03:34

I'm not sure if I entirely agree with that FI. I think it depends on what point of the job you are at. When you have a car that has a lowish maximum market value then finishing the resto to maximise the sale price might be throwing good money after bad. Let's say you have a car that has cost 2k so far & needs another 5k spent to bring up to a market value of 4k then you won't get any return on the extra 4k you will spend to finish the car. In fact you will lose 3k of it so you are going backwards.

But I just made those numbers up so the only way to tell is do some financial analysis.

As is value = money spent so far - market value of spares & car.

Finished value = (money spent so far + money required to finish car[don't forget to double it!]) - market value of finished car.

Both values are your losses so if as is value 1 is smaller than the finished value then sell it as is.

The parts should be easy to sell on their own at about 70-80% of retail value. I think you would get less for them if you sold them with the car as a package even though the person who buys the car may want the S&S gear too. Just list them separately so each has a predefined value before you start the haggling.

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