1912Staver

Seller with unrealistic expectation

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On 2/1/2020 at 1:43 PM, 1937hd45 said:

 

 

Sure isn't a Lotus 11. Bob 

 

Definitely not. However in some regards not that much different either.  And it is enough bigger that I actually can get comfortable in one. Just shy of 6'2" so 11's don't work for me even if I could somehow afford one. Several 11's  ended up in as poor a condition as this Buckler, but due to their value have been restored.

This car had a Climax FWA installed at one point but was designed for and originally built with a MG "T" series engine as was my car. Some of the later examples had mounts for MGA engines. I will use a MGA in mine.

Greg

Edited by 1912Staver (see edit history)

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I would argue that there's no such thing as a seller with realistic expectations. 

 

There is also no such thing as a buyer with realistic expectations.


it is not until everyone is equally unhappy that a deal is reached. 

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"no such thing as a seller with realistic expectations."  Does it count if I gave some cars away ?

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I see a big trend that the Estates usually sell off classic vehicles for a price that is far less than the previous owner would ever agree to sell. Estates are about liquidation and have no sentimental value placed on a car. Grandpa may have 4,000 hours of his life invested in his car but  Grandpa and his Estate once Grandpa is deceased will not get anything more than the FMV for the vehicle regardless of the hours spent finding that rare part and repairing items to be placed on the vehicle.   I have never made money in the old car hobby.Yet, I purchased my cars for the enjoyment of having some historical vehicle that looks like a rolling piece of art, and that can tinker with and enjoy. I just hope that my heirs will get a fair price before the next caretaker gets his or her hands on them.

 

Now, if the car of your desire is so rare that you will also be in the short line to meet your maker when the car comes up for sale at a good price then be warned that the future day the car comes up for sale with the price you desire , then that eventful day may be a day when you are too old to enjoy the car. If you can afford to purchase and it brings you joy now (while you are still able to enjoy the car) and you can enjoy the car until Alzheimer's kicks in then go out and spend the money. Be sure before you buy to get your spouse's permission however.  

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There's an ass for every seat. Finding it is the trick..................Bob

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31 minutes ago, Bhigdog said:

There's an ass for every seat. Finding it is the trick..................Bob

 

Everybody says that, but what if the seller's ass is the only ass for that seat? Hot rods suffer this fate more than almost anything else since they're so individualized. Guys build them their own way and then nobody else wants the car. If there's only one ass for such a seat, well, that seller is going to be out of luck.

 

 

Edited by Matt Harwood (see edit history)
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Rare isn't always valuable. That's why I am attracted to Bucklers. An interesting car without all the lather of value that surrounds some of its contempory's.  Bucklers don't have any identifying number stamps or vehicle I.D. plates. So the market place lumps them in with kit cars and homebuilt's. Which in a manner of speaking they are. But they were also well built and a well engineered

starting point for would be builders. Much the same as Devin's, just from an English point of view.

I bought all the suspension from a Elva of about the same era a while back. Also an estate sale. Elva's have become quite valuable but the early ones are actually quite crude compared to what Buckler was building. I made enquiries with the Elva register if they knew if any cars that used that particular suspension set up were missing / unaccounted for. Really just so that I would have 

an idea of weather or not I should keep looking for any more of the car which might have survived. They wont even tell me if any are unaccounted for as they are scared people will start building cars out of thin air like has happened with early Lotus cars.

I am interested in these cars because I like them; and they fit my budget, not because I am working toward a big pay day.

 

Greg

Edited by 1912Staver (see edit history)

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Greg......the only important thing about a car is that the owner likes it..........to hell with all the other people’s opinions.

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15 hours ago, edinmass said:

Greg......the only important thing about a car is that the owner likes it..........to hell with all the other people’s opinions.


I want you to remember these words next month when I write that check.

Edited by alsancle (see edit history)
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7 minutes ago, alsancle said:


I want you remember these words next month when I write that check.


But the guy fixing it has to like it also......or it costs more.........just saying.

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23 hours ago, padgett said:

"no such thing as a seller with realistic expectations."  Does it count if I gave some cars away ?

 

Not really selling them then are you? PM me if you decide to give anything away. I'll resell them for $30 dollars each and go out to McDonald's afterwards. (as long as they can be delivered for 8 cents a mile.)

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On 2/1/2020 at 3:33 PM, 1912Staver said:

Rare isn't always valuable.

 

Ain't that the truth.

 

Rickenbackers are a perfect example of this.

The car has great historical significance and even with fewer than 40 examples known to exist, a really nice Ford Model A will often bring more money.

 

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Surely it’s because of the Weed bumper...

https://classics.autotrader.com/classic-cars/1927/paige/model_6_75/100858726

Wonder if this guy invested in that Durant?

 

(Seriously, whatever happened to that $75,000.00 Durant? Advertised in HMN for 5 straight years or something like that.)

EDFD7CE1-5577-41E2-ABB6-8EC1886819FA.jpeg

CE804C39-1C4C-4633-B27B-A9867673B251.jpeg

Edited by Ben P. (see edit history)

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There is a reason they call this part of the world "God's waiting room".

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88 thousand bucks, you say ? Fer a 1927 mid level 4 door see-dan? Zat where d'market's at deese days, izzit  ? PLEASE don't nobody offer me dat kinda money fer my 1927 Cadillac fo' do'. It is in better shape den dis'n, and looks it too. 'Bout same miles. I love my '27 Cad, 'till death do we part. But dat  much dough will force me to break my vows, and live on wit a broken heart.  😢.   -   CC 

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On 2/1/2020 at 4:58 PM, padgett said:

"no such thing as a seller with realistic expectations."  Does it count if I gave some cars away ?

I would say it depends on your expectations.  If you expect nothing for them, you are not unrealistic.

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A few years ago I had a couple of Corvair station wagons.  They were parts cars. They both had a lot of good parts including rare tinted glass in one of them. 

 

I listed them for sale with the Corvair club and on eBay  and the best offer that I could get for them was $100.00 each. The scrap value was $250.00 each across the scale.  They went across the scale.  If I could not get at least scrap price for them, then the parts must not be that valuable.

 

End of stuff sitting around.  Just simplifying my life with less stuff.

Edited by Larry Schramm (see edit history)
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I have offered Flint, Moon, and Dodge Brothers front axels, hubs, drums and steering parts at $25 or offer, and not a peep.

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Some comments remind me of a used Class B camper van I bought two summers ago. They are very sought after and their prices are ridiculous. I spent 2 years before that researching and pricing on them, never knowing if I'd ever find or even own one. I looked a few pieces of sh** over the years and carried on. Until that one day I found one locally. Bought it on the spot. In great shape and I could easily double my money spent, but now's the time to enjoy it. Patience can really pay off sometimes..... 

Edited by Summershandy (see edit history)

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16 hours ago, Summershandy said:

Some comments remind me of a used Class B camper van I bought two summers ago. They are very sought after and their prices are ridiculous. I spent 2 years before that researching and pricing on them, never knowing if I'd ever find or even own one. I looked a few pieces of sh** over the years and carried on. Until that one day I found one locally. Bought it on the spot. In great shape and I could easily double my money spent, but now's the time to enjoy it. Patience can really pay off sometimes..... 

Yes the B class vans are getting more popular. Why? Because they are easy to drive, park, and cheaper to run. As we get older I see quite a few big motorhomes parked and for sale. I've had 3 B's. Still enjoy using them.

63cadi 059.jpg

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But now back to the original topic. I just wasted a 3 hour trip looking at a 1964 Pontiac convertible that was described as very solid, numbers matching, good running. 

It was none of the 3. Priced far too high to even consider. Owner was rather sketchy about details, pretty sure he just got it and was doing a flip, but had a different story than that.

He asked me what I thought it was worth. I replied about half of asking, but that wasn't an offer. Reality is it was a parts car worth far less than half, but at that point I just wanted to leave without an argument.

 Went home and informed the local Pontiac club leader about the condition so he could tell his guys.

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Are there some cars that never deteriorate to parts car status if virtually complete?  For instance is there any such thing as an early 1930s Cadillac Roadster "parts car" ?  How bad would it need to be before it was declared "parts only" assuming it was a basically complete car?

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There are many cars that even if a shell are still going to be restored as long as they still have their I.D. plates and stamped numbers. Any Shelby Mustang for example. All necessary parts are  available for restoration of the worst possible example, buy a decent regular mustang for the first 75% of what's needed and buy 

reproduction parts for everything else. A C.O.P.O. 1969 Camaro would be another one , and so on in the muscle car era. 

Pre war I am sure very few C.C.C.A. roadsters would ever become parts car's although Ed may be in a position to tell us differently. And Pre war Bugatti's and Alfa's get reborn seemingly from a serial plate and dust.

Same with later 1950's early 1960's racing Sports cars like Lotus 11's and 23's. A few crumpled bits of frame tubing , a serial tag , and scraps of ownership history invariably equals a ready to run car in 4 or 5 years.

 

 

Greg in Canada

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I had a class A that was easy to park and had a BMW engine & five speed manual trans. 27-30 MPG.

Now AACA eligible.

 

CoopersRockWV.jpg

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2 hours ago, Ed Luddy said:

I just wasted a 3 hour trip looking

I can't recall ever wasting time to go look at an old car. Not only is the trip a great adrenaline rush, but there is also the chance of something else being there. And there is always an opportunity to stop in a good restaurant on the way back.

 

In my case I know how much money I have to spend. I don't go to look at cars costing significantly more, or call on cars without prices or hidden reserves. If I want a car I will ask if there is room on the price or offer all I have available. If I offer all I have and that is the limit I can't do any better. Professional car salesmen get it.

 

The best cars I have owned are the ones that others have told me I paid too much for. The impulse buys that were a bargain were usually sold fairly quick. I have come out pretty good on those because the buyer was a bargain hunter.

 

Expectations, people ask me if my '60 Electra is for sale, sure, I know what is is, what it will do, and what I have done to it.Take it to the corner, top off the tank, and go anywhere, $23,000 while I'm here. My wife has a spreadsheet that lists it at $7,000 if I drop dead. Unrealistic? When you figure the enjoyment I got from owning the car I could give it to my nephew and walk away with no regrets.

 

It's a hobby. Just randomly Google "obituaries Brockport Bernie" a couple other cars and some tools are on my wife's spreadsheet.

 

Bernie

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