ericmac

SOLD...or NOT* 1926 Ford Model T Touring reduced price

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As of this morning this car is sold. It is going to a brand new to the hobby collector who is perhaps just as fastidious as I am with it. He wanted to know if he is too old to join the hobby at age 76. I strongly encouraged him not to look at the hobby that way and to enjoy his youth. Needless to say I am very happy with the new stewardship of this car.

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Hooray!

Some cars choose their owners...

He will be enjoying his youth — and heck, he just gained 10 years by not having to restore it.

I didn’t ask how many years you spent on the restoration Eric. But I figure it would’ve taken me 5-6yrs even not doing the actual work - just farming it out and reassembling everything. It then would have taken at least 4yrs. of all my disposable income to pay for it all. At least. 🙂

Edited by Ben Perfitt
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8 hours ago, Ben Perfitt said:

Hooray!

Some cars choose their owners...

He will be enjoying his youth — and heck, he just gained 10 years by not having to restore it.

I didn’t ask how many years you spent on the restoration Eric. But I figure it would’ve taken me 5-6yrs even not doing the actual work - just farming it out and reassembling everything. It then would have taken at least 4yrs. of all my disposable income to pay for it all. At least. 🙂

I bought the car May 1999 and showed it for the first time June 2005. I was beaten that day by a Duesenberg and a Hispano Suiza, so I didn't feel too bad about the loss. This has been a good run and I will miss having a car of this quality but will enjoy making my 1913 more drivable. Thanks to all of you for your support along the way.

20190713_193503.jpg

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Congrats Eric. 

Just came across this today and didn't realize you were selling.   Kellie and I enjoyed sitting and visiting in the car at Eyes on Design when it decided to downpour.  Someone purchased a great car.  

 

 

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42 minutes ago, Janousek said:

Congrats Eric. 

Just came across this today and didn't realize you were selling.   Kellie and I enjoyed sitting and visiting in the car at Eyes on Design when it decided to downpour.  Someone purchased a great car.  

 

 

Thanks Brad. I have my eye on another real gem but had to free up some funds to make it happen.  Hope to catch up with you and Kellie soon.

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I guess it isn't over until the cash changes hands and the title is signed. The buyer had second thoughts about his ability to maintain the car in the event of some sort of mechanical problem so has elected to reconsider whether or not he wants to buy it. Probably for the best.


In any case the car remains on the market.

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Dang, sorry to hear that Eric. At least he didn't try to throw his wife under the bus instead.

 

It's been my experience that it's always better to not sell a car than to sell one to a guy who is going to be a problem for you in the future. I don't want to be married to someone and his car for the rest of my life and be the first call he makes every time it hiccups. I have been known to cancel deals because my own BS detector goes off and I think the car will be a problem for the buyer. Sometimes it's better this way just to avoid future hassles.

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29 minutes ago, Matt Harwood said:

Dang, sorry to hear that Eric. At least he didn't try to throw his wife under the bus instead.

 

It's been my experience that it's always better to not sell a car than to sell one to a guy who is going to be a problem for you in the future. I don't want to be married to someone and his car for the rest of my life and be the first call he makes every time it hiccups. I have been known to cancel deals because my own BS detector goes off and I think the car will be a problem for the buyer. Sometimes it's better this way just to avoid future hassles.

I think that is exactly what happened here and agree, that I am probably better off not to sell to him than to risk becoming his personal mechanic.

 

As anyone can see, the wheels on the car are apple green (a color Ford inexplicably called Emerald Green), something this buyer knew and saw before coming to look at the car. The prospective buyer's wife did not like them and both of them questioned the authenticity of the wheels and the rest of the car (even though it is an AACA Senior Grand National and MTFCI Stynoski winner). I am not sure they even understood the significance of the awards.  At that point, my BS detector was ringing loud and clear. The message was "they are never going to buy this car with these wheels on it." I should have listened to that ringing. As you have pointed out Matt, I am probably better off.

 

Honestly, this is not a bad car to get stuck with forever so I am not home alone crying in my beer, though it could prevent me from moving to the next project as quickly as  had hoped. I just hope the other car remains available for a while.

Edited by ericmac
clarification (see edit history)
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seriously, questioning the authenticity of the car should have been a HUGE red flag and at that very moment, I would have told the prospective buyer,  the car was not available to them.

 

IMHO, the problem with expensive restorations of non classic cars, is, once you take them out of the box, they become a used car. sad part, you have spent so much blood and money to restore a car correctly and yet,  you do not get the well earned respect for this, can we all say "Rodney Dangerfield",

 

If I may suggest, sell it on contract of a year or less, yes, keep the car until it is paid for, remember who your buyer really is, they are not people who have no problem writing a check for 20K, usually you will get far closer to your asking price, if not your asking price and more than likely, you will be paid in full long before you find a buyer at a greatly discounted price, everyone wants a bargain, and no one ever says, I paid the asking price, also, I might add, the best time to sell, is when someone is asking to buy your car. 

 

I will conclude my thoughts, with this, the greatest value in owning a wonderful car like this one,  the smiles per mile are priceless...

Edited by j m davis phd (see edit history)

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3 hours ago, Matt Harwood said:

Dang, sorry to hear that Eric. At least he didn't try to throw his wife under the bus instead.

 

 

Matt,

 

I'm certain you've heard a books worth of reasons from people who changed their minds about purchasing one of your cars. How about sharing some of those reasons using your well-written prose.

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16 hours ago, Matt Harwood said:

It's been my experience that it's always better to not sell a car than to sell one to a guy who is going to be a problem for you in the future. I don't want to be married to someone and his car for the rest of my life and be the first call he makes every time it hiccups. I have been known to cancel deals because my own BS detector goes off and I think the car will be a problem for the buyer. Sometimes it's better this way just to avoid future hassles.

 

Been there, done that. I have very rarely sold an antique car because I wanted to. Never because I was "tired of it" or "I need the garage space". Usually, family needs jumped up and money was needed NOW. Usually, I end up selling too cheap because I need the money. Often to someone looking for a bargain, and something to put "their universe in order". Several of those buyers truly became a P I T A because they didn't understand what they were doing. One consulted his "machinist buddy" who convinced him the hundred year old car was total junk just because everything wasn't built to a one thousandth inch spec! I won't go into a few other complaints.

 

Eric, I am saddened the deal didn't work out, but as others have said, it is probably for the best. I do hope you can work out a way to go forward with your hopeful new project.

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This car is a beauty. I would love to own it. Yet I have other cars and no more space. The discussions around here lately about this period of cars is certainly interesting. The cost to restore many cars has exceeded what the market will bear it seems. Even if you do the work yourself.  In many instances parts, shipping costs, etc seem to total up to be more than its final sell price, for an  average car. It's unfortunate as fewer and fewer cars will be restored in the future I fear.  This Model T would be great in the hands of an average back yard mechanic who is a vintage car lover. Doing your own repairs on it would be very rewarding and not difficult. Patience will be needed to sell it, it seems. There is a buyer out there somewhere. At what price? It's hard to know. Good luck with the sale. If I win the lottery tonite I'll be in touch. - K

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2 hours ago, keithb7 said:

The cost to restore many cars has exceeded what the market will bear it seems. Even if you do the work yourself. 

 

I'm working on a '26 T at the moment and I'll have more into it than its worth all the while doing the bulk of the work myself, just the way it is at my place for most of the cars I've ever worked on. I never add up the receipts, don't want to know, lol. 

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5 hours ago, Lahti35 said:

 

 

I'm working on a '26 T at the moment and I'll have more into it than its worth all the while doing the bulk of the work myself, just the way it is at my place for most of the cars I've ever worked on. I never add up the receipts, don't want to know, lol. 

I kept track of the restoration but none of the ongoing repairs or routine maintenance.  I know what I spent initially which was a lot closer to 50K than I like to admit.  A Model T, like any car, has to be restored because of the love of the car and not for a financial benefit.  The numbers just don't work otherwise. 

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Look up MECUM's Chicago auction for Friday October 25th. The Ford Model T's and As were selling for ridiculous cheap prices. 

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True,  but for that price you couldn't take one of those cars and turn it into my car. Paint alone would have you better off buying mine.

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1 hour ago, ericmac said:

True,  but for that price you couldn't take one of those cars and turn it into my car. Paint alone would have you better off buying mine.

Exactly. You can’t compare auctions to real life buyer/seller transactions anyway.  “If you want to buy a car at an auction, then why are you looking at mine?”  Two completely different arenas.

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12 hours ago, ericmac said:

True,  but for that price you couldn't take one of those cars and turn it into my car. Paint alone would have you better off buying mine.

Paint?

I’m thinking of that Mark Larder top + interior. Seriously guys, just go take a look, then compare those two lone items to those in the next Stynoski winning T — and I’m dead certain they won’t compare.
This is the only T in the world that can stand next to a Duesenberg and a Hispano Suiza and not look out of place.

I’m still thinking about a Larder top for my ‘18 Buick touring... So if my posts here come to a sudden stop and an obit turns up you’ll know I went down and got that top — I’ll have been shot dead on my doorstep when I returned home.

Just saying....

Edited by Ben Perfitt
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On 10/26/2019 at 3:15 PM, BucketofBolts said:

Look up MECUM's Chicago auction for Friday October 25th. The Ford Model T's and As were selling for ridiculous cheap prices. 

 

I was at the Mecum Chicago auction this weekend. While the Model Ts and Model As that sold there were reasonably priced and provided people with an affordable entry into one of these cars, almost all of them were ROUGH, NOT RUNNING and, in reality, needed TOTAL RESTORATIONS. They really sold for all they were worth. They were not even close to being in the same league as Eric's car and would cost twice the asking price of Eric's car if they were to be restored by the owner-not a restoration shop.

 

Even though the photos and selling prices made these cars look cheap, there were no bargains there this weekend. The best one of the group was a very, very amateur restoration of a 1926 Model T Touring car. This car was NOT running, the incorrect and un-attractive bright green body paint was so rough you could have grated cheese on the doors, the cheap top kit barely fit the bows, the cheap interior kit barely fit the seats and the engine bay and chassis were painted with a broom. It brought about 14,000.00 with the buyers premium. Certainly not cheap let alone comparable to Eric's car.

 

https://www.mecum.com/lots/CH1019-389287/1926-ford-model-t-touring/

 

Quality cars still bring quality prices. An example from Mecum's Auction was the absolutely gorgeous 1926 Atterbury Truck. This truck was an AACA Senior from the 1980s but would still win the award today. It was rare, early, properly restored and superbly presented. The result was a strong selling price of 77,000.00.

 

https://www.mecum.com/lots/CH1019-389309/1926-atterbury-5-ton-dually-pickup/

 

It doesn't matter if it is prewar or postwar, junk cars bring junk selling prices, fair quality cars sell for fair prices, good cars bring good  prices and great cars bring great  prices. The problem with today's market is that many owners do not know which category a particular car honestly fits into.

Edited by motoringicons (see edit history)
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On ‎10‎/‎25‎/‎2019 at 5:59 PM, ericmac said:

A Model T, like any car, has to be restored because of the love of the car and not for a financial benefit.  The numbers just don't work otherwise. 

So true! I'm doing it for my old girl... she deserves an owner that treats her right for a change. It will never reach the awesome level of your car but it will be a far cry from care under its previous owners.

 

 

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I really appreciate all of the kind comments about my car, especially from people like Guy and Ben. who have seen the car in person. I remain confident that someone will look at the car and appreciate what they see. This really is more to me than "just a car" so I want it to go to the right home where it will be treasured as much as I have. Thanks all for looking.

Eric 

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I still have this one sitting comfortably in the garage. Several people have been interested. I will most certainly consider offers. This is a car that will not disappoint. Thanks!

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