6T-FinSeeker Posted November 10, 2021 Share Posted November 10, 2021 (edited) For sale on Craigslist: 1958 Cadillac 4-door Sedan in Boonton, NJ - $16,500 - Call Steve: 973 588 43 three six Link: https://newjersey.craigslist.org/cto/d/boonton-1958-cadillac-sedan/7405795243.html Seller's Description: 1958 Cadillac 4-door Sedan condition: excellent cylinders: 8 cylinders transmission: automatic odometer: 80,200 paint color: custom title status: clean Very original--runs & drives excellent--driven regularly. Always garaged. Seats, headliner, dashboard, chrome all in fine shape. Radio, antenna, power windows, Autronic Eye, and clock work. Exhaust has the correct resonators. Mostly original paint--sides touched up in places. A little rust repair behind back doors. Drips a little trans fluid. Heater core bypassed. Brand new master cylinder/brake booster. The key thing about this car is that all the important pieces like the steering wheel and dashboard vinyl (no waves or cracks), bumper ends, upholstery, and other items that are almost impossible to restore correctly are in excellent original shape. Even the original "Owner's Identification Card" is still in place under the hood! Emails or phone calls only. Edited November 21, 2021 by 6T-FinSeeker update price & status (see edit history) 3 Link to comment Share on other sites More sharing options...
suchan Posted November 10, 2021 Share Posted November 10, 2021 Great looking car at a decent asking price. Good ad. Sharp colors. Worth a look. 2 Link to comment Share on other sites More sharing options...
kingrudy Posted November 10, 2021 Share Posted November 10, 2021 I agree with suchan, looks like a lot of car for the money. Nice description of parts that might be unobtanium to replace if these were not in great shape (dash, resonators and rear bumper). Link to comment Share on other sites More sharing options...
deac Posted November 10, 2021 Share Posted November 10, 2021 Looks like a car that I would want to owned but there's no way I could park/store a car of that size. Get that beast on the open road and I'll bet you'd cruise upwards of 70 mph and in lavish comfort! Link to comment Share on other sites More sharing options...
John_S_in_Penna Posted November 10, 2021 Share Posted November 10, 2021 (edited) A few encouraging notes, since I enjoy a '57 Fleetwood 4-door hardtop quite similar to this gray car: ---Parts are not unobtainable. Dash pads can be restored by "Just Dashes"; rear bumpers can be replated, and used ones are around; resonators are likely available from any source (such as Waldron's Exhaust) that serves old cars. ---The car is not overly large. It fits in any normal garage. And believe it or not, Cadillacs were quite economical for their size, according to reviews of the time. So admirers need not go away disappointed. For what it's worth, here is a picture of my '57: Edited November 10, 2021 by John_S_in_Penna (see edit history) 6 2 Link to comment Share on other sites More sharing options...
daniel boeve Posted November 10, 2021 Share Posted November 10, 2021 Your 1957 looks very good !Nice colors also . 1 Link to comment Share on other sites More sharing options...
6T-FinSeeker Posted November 21, 2021 Author Share Posted November 21, 2021 On 11/18, Seller deleted the Craigslist ad. Link to comment Share on other sites More sharing options...
6T-FinSeeker Posted November 21, 2021 Author Share Posted November 21, 2021 On 11/20, Flipper increased price to $40,000 and listed on Facebook: Link: https://www.facebook.com/marketplace/item/603920614281371/1958-Cadillac - Must be a member of Facebook to access Seller's contact information. Seller's Description: 1958 Cadillac 4-door Sedan in Little Falls, NJ Excellent condition Driven 80,000 miles Automatic transmission Exterior color: Grey · Interior color: White 1958 CADILLAC. A ONE OWNER, DOCUMENTED BEAUTY. GARAGE KEPT ALL ITS LIFE AND WELL TAKEN CARE OF. A TRUE CLASSIC. 2 Link to comment Share on other sites More sharing options...
John_S_in_Penna Posted November 21, 2021 Share Posted November 21, 2021 So the original asking price was $16,500, and the buyer probably negotiated down from there. And then he immediately feels the car is worth $40,000? I detest greed. Greed is an evil which does no one any good. Did the flipper pretend to be a hobbyist, and tell the seller that he would take good care of the car as his own? I've heard such. Further, if he really thought the car was worth close to $40,000, why didn't he offer the seller more? Did the flipper want all the money for himself, not for a long-time owner who might also need money--and who might be elderly or a widow? It will be interesting to follow this car, if possible, and see what happens next. 3 Link to comment Share on other sites More sharing options...
Mark Huston Posted November 21, 2021 Share Posted November 21, 2021 The first seller did a much better job of staging the car for the pictures. The current seller couldn’t be bothered to get the car out of his driveway before taking some snaps and reposting with the big price increase. I guess we can give the flipper credit for not reusing the first sellers pictures. Link to comment Share on other sites More sharing options...
Matt Harwood Posted November 21, 2021 Share Posted November 21, 2021 (edited) Second owner seems to be claiming this is a one owner car. Someone should ask him about that... Edited November 22, 2021 by Matt Harwood (see edit history) 3 Link to comment Share on other sites More sharing options...
edinmass Posted November 21, 2021 Share Posted November 21, 2021 40k for a sedan........hope he likes the car. I wouldn’t give 10k. Hell, that’s just me.......but people need to understand the market. There is NO market for sedans of that era. Link to comment Share on other sites More sharing options...
supercub Posted November 22, 2021 Share Posted November 22, 2021 (edited) Absence of a plate tells everyone that it's a flip job. For 40k, one wouldn't have the opportunity to test drive it legally. No doubt it will sit outside through the winter. Edited November 22, 2021 by supercub (see edit history) Link to comment Share on other sites More sharing options...
58L-Y8 Posted November 22, 2021 Share Posted November 22, 2021 Give this flipper a year or so when he receives no response, figures out he stuck himself with a car he didn't want. It will become a misery for him to unload it In the meantime, better decide he likes it since he will have it for a very long time... Link to comment Share on other sites More sharing options...
John_S_in_Penna Posted November 22, 2021 Share Posted November 22, 2021 I could see the car possibly selling for $20,000. A 4-door hardtop isn't undesirable in '58 Cadillacs. The gray looks dignified on this car, but with so many of today's new cars being in shades of gray, gray has become rather undistinguished and unappealing to me! Link to comment Share on other sites More sharing options...
kingrudy Posted November 22, 2021 Share Posted November 22, 2021 Hope the current seller has a garage to keep this car in over the winter, as I don't think this will be a fast sale. Link to comment Share on other sites More sharing options...
Joe Cocuzza Posted November 22, 2021 Share Posted November 22, 2021 I am so sorry for this "ranting" but I just had to vent This really gets under my skin and I have been saying this for many years now. These type of people are the ones ruining our "HOBBY"!!!!!!! When I first began in the "HOBBY" (much longer than I want to admit) there were fewer of these GREEDY so-called "FLIPPERS" and car collecting was more of a "HOBBY". There was a mutual respect for each other in the car collecting hobby and when we sold our car(s) we were almost 100% sure it was going to a person in the "HOBBY" that would enjoy it and take good care of it. We were even prone to sell the car(s) for a modest profit OR a loss knowing it was going to a good home. Now, with these "so-and-so's" out there, it is more of a "BUSINESS" and that is what is ruining it for our "HOBBY". I don't begrudge someone buying a car at a great price (I have been fortunate enough to be one of those people several times) and, at the very least, keep the car for a bit and tinker with it. That at least shows the buyer wanted the car(s) and at first bought it to have some fun with it. They may have even made some improvements on it - which means they spent additional money to do so. Then, if circumstances change (found another car, couldn't afford to fix it, etc) it is reasonable to see them sell it. AND, if they make a profit that is great. I can tell you from my experiences that I have made some money AND I have lost some money selling my cars - sometimes I have lost $1000's when I sold them. BUT, I had the pleasure to own them and mess with them a little. When I sell a car it is usually because of needing space/money for another one - IT IS NEVER JUST FOR FLIPPING !!!!!! I am sure that is true about most of us here on the Forum. The other thing that drives me crazy is the "pictures of the car(s) on the flippers trailers" and with a bunch of garbage in the car. That just shows me they cannot wait to sell that thing and make the big profit with minimal amount of effort. When I see those "trailer" pictures the FIRST thing that enters my mind is "I wonder how much that guy paid for the car and what is the projected profit margin" One last thought. Because of the internet all of these cars for sale are seen by millions of people. So when a "flipper" does what this guy is trying to do they lose a lot of potential customers because we all know how much (approx.) they bought the car for. And we pretty much know what a car is worth and what is a reasonable asking price. 4 2 Link to comment Share on other sites More sharing options...
supercub Posted November 22, 2021 Share Posted November 22, 2021 Yes and yes, Joe. The flippers even make it hard to buy an affordable used everyday driver on craigslist for the same reasons. I have brought and sold many motorcycles, to experience the model, bring back to life, add some value, ride and sell for something else. The positive cash flow goes into parts or another aquisition. Hence, an empire is built. On the flipper side, Once the car is exposed, interested parties google the make and model, and posts like this are found, and the car's out of the bag on the flipper or unscrupulous seller. If the hobby was listed on the stock market, what we state here about this kind of guy, we are essentially "shorting" him. Link to comment Share on other sites More sharing options...
John_S_in_Penna Posted November 22, 2021 Share Posted November 22, 2021 Notice that the flipper makes the claim that this is a "one owner" car--a claim which the previous seller didn't make in his ad! If this truly had been a one-owner car, the owner would have had it for 63 years, which is highly unlikely. And as Matt Harwood noted above, if it WAS a one-owner car, it certainly can't be now. 1 Link to comment Share on other sites More sharing options...
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