Quote:
Originally Posted by DRM500RUBYZR-1
To the OP.
A 300 mile car in the twenties, even if it needs up to $5,000.00 in maintenance or repairs is a SPECTACULAR DEAL!
The problems are simple to correct, so do not let the fear of the unknown cause you to fail to understand the true value of that car! With all of the corrective measures taken, and given it's as-new condition, that is an NCRS / Bloomington Dream Car that I would net sell for less than $37,000.00 once the work is done and that kind of buyer is found.
Our shop would easily correct it's ailments, yes, even the dreaded airbag light. It's a shame that in your case we are closer to the opposite ocean.
Someone will step up and buy that car.
Good Luck, but I suggest once again, not to waste too much time.
Marty |
Also keep in mind that this car "Has" to pass emissions in order to be registered and titled in CA, then there is the 8.5% sales tax (depending on where you are at) and licensing fees. Also, any vehicle under 7500 miles is considered new in CA, so there is that hassle to deal with (the dealer may mitigate). So he's easily another 3500.00 in just that, then the repair costs up front to get it ready. So this car just went from 30k to 38,500 (more or less). The OP said this was an investment, so given any real investment you would do to make at least 20% so now we're at about 45k resale minimum to be worth it. While you have the car you have insurance and storage costs and normal maintenance, etc as well while you wait on the resale value to go up (cost???). I am certain the Marty could sell this at his dealership for that, but will the OP have the same luck.....
That's the real decision here.
Everyone has an opinion, the only right one is yours....