<VV> What's It Worth X2
Sethracer at aol.com
Sethracer at aol.com
Tue May 26 16:30:07 EDT 2009
Ned writes:
Bob,
You don't know the value of these cars?
It's always difficult to give a value without seeing the car or even a
picture. If I'd have to guess (and I guess I do), I put them both in the
$1500-$2500 range. As the owner of a "plastic fantastic" car, I really don't
value them very high, regardless of how nice the plactic is. However it does
run. The show car with a dead engine, is a car with a dead engine. Subtract
the cost of a good rebuild and a repaint from that one. Its cost may depend
on how dead the paint really is, if is shows good or not.
BTW "We don't need no stinkin' badges!"
Ned
Oh - You movie buffs! (And you don't know where that badge has been!!)
But about the cars. The only way I put a value on a car is what it is worth
to me - at this exact time. The smart way to do that is to assess the car
as it is, estimate the cost(s) of bringing it to the point that I would
stop putting money into it because it is at the level I want. Then value the
finished car as it would be acceptable to me. The difference equals the
amount I would pay for it. Of course, that "assumes" that I know the amount
that the finished car would be worth to me. You can estimate that by looking
at cars which have already attained that status. Someone else in the club or
a friend of a friend might have a car that meets your expectations. If you
know how much that car is worth (has one changes hands recently?) then you
might has a starting point for to measure from. If all of the above seems
complicated - it isn't! That is how most people buys car today - even if
they don't know they are doing it. That is, however, why it is so hard for a
person to put a price on a vehicle - that they are not in the market to
buy!!
Bob is probably not in the market for either of these cars - nor am I -
especially given the 3000 miles distance away. So it will take the attention
of someone who might indeed be in the market for this type of car - or
project, as the case may be. So, East Coasters, it is time to earn your keep.
The coupe would require less work, it is more "ready to drive". The
Convertible would take more work, so the acquisition price might be lower - BUT -
the car might be worth more when finished. Unfortunately, neither car is
one of those highly-coveted 4-doors, so they will probably bring only
modest sums. I may be in the minority here, but, depending on the financial
circumstances of the family - inheritors, I guess,it is not a bad thing for
someone in the Corvair Club, maybe even an associate of the late owner, to
pick up one or both of these cars at a friendly price as a project with
earnings potential. I hate to refer to that as a benefit of club membership. But
as a member of a couple of California clubs, and President of each a few -
well more than a few times - I have turned down dozens of Corvairs, mostly
free ones. On the positive side, I have stayed married for 36 years.
Seth Emerson
C's the Day! - Corvair, Camaro, Corvette
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