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1991 Convertible For Sale


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Posted

I have a 1991 Reatta Convertible. It has been totaly restored and repainted. It has a lot of miles(380,000), but it has a new Mr. Goodwrench motor and new brakes, shocks, tires, dash, and to many other parts to list. The top is original, but in great shape. The Reatta runs great. It is white with a red interior. If this car had 1,000 miles it would be worth $30,000.00. I am asking $10,900. I have a pretty good offer on it already, but will wait for two weeks to decide. My phone number is (517) 627-1770, or (517) 622-4316. Ask for Ron.

Posted

Too bad you paid $6,000 for it in the first place, nice try! smile.gif" border="0 I remember seeing it in the wheeler dealer also.

Posted

Although the seller can ask whatever price he wants, he'll never get $10,900 for a ten-year-old car with 380,000 miles on it.

Posted

Hey Rebel... nice to have you visit. Yeah, rip-off IS a bit strong... how about opportunist!? Perhaps you should list some of the work you've done on the car? You and ask whatever you think the car is worth, doesn't mean you're gonna get it. grin.gif" border="0

Posted

This Reatta was listed for more that $6,000. The car needed a lot done to it(I have receipts). I have to admit that I do not know what it is worth, but have been involved with the restoration of some Chevys' and Oldsmobiles that are more that ten years old and were sold for more that $10,000. I drive the car all the time and it drives great. I don't mind a little constructive criticism, but did not expect to be called a "rip off". I appoligize for using the Reatta Chat room, it won't happen again!

Posted

Cannot speak to this instance but in general, any restoration work necessary to bring a car back from decrepid to decent condition, just makes it worth book, not more.<P>Even the best restoration can never be expected to return more than half of the investment and never more than what a similar car will bring.<P>Do not know how many times I have heard "but I just put [$200, $400, $2000, $5000] into replacing X" without understanding that the car was just changed from "unsalable" to "salable" without adding any value.<P>To make money on cars you need to buy cheap & sell reasonable with a rapid turnover & minimum investment.<P>Fact is that there are not many megabuck old cars out there and the ones that exist only change hands rarely and are almost never driven. Sure you see $80k. $100k advts but often you see the same ones for a year or more. Almost all have production number under 100. <P>Strangely the "one of a kinds" rarely do well since the market is so small. It is the ZL-1 Vettes, Hemi Cudas and COPO Camaros that people can relate to, not the Fitch Sprints.<P>Of course time clouds everything - doubt that many seeing the remake of "Gone in 60 Seconds" today would realize that few thought much of the Shelby GT-500 when it was new - just had the passenger car 428 and not the entirly different 427 used in the Cobra - was more cosmetics than muscle.<P>In Florida late fall is the time when all of the "For Sale" signs come out in front of houses. Few of the owners really want to sell but if some Northerner wants to pay the price... & is surprising how often someone will (particularly those coming from California where $100k buys a one-car garage).

Posted

Where in CA can you get a one car garage for 1OOK, not anywhere in the Bay Area.

Guest wally888
Posted

R. R. Sounds like a bargain to me. In fact I just raised the price on my 89, $700, to $6900. Two weeks ago there were several Reatta Coupes in the Atlanta Paper. All were $7000 +, except mine, $6200. Mine is now the only one listed. Guess I didn't ask enough!

Posted

Thanks for the reply Burkieboy. The list is very lenghty, but the engine is a GM replacement motor. The major items include new Michelin Tires, windshield, shocks, brakes, front end, dash, paint, starter, battery, plugs and wires. The Reatta has been well maintained it's whole life and all work was performed by professionals. I have a ton of receipts. I can be flexable on the price, but would only talk turkey with someone who sees the car first.

Posted

On reflection suspect that my first thought was about ten years worth of inflation out of date.<P>With average new cars topping $20k these days, for $10k a convertible that needs nothing but a driver is probably a bargain.<P>Think most of us were a bit shocked at the 380,000 miles (38,000 miles a year is A Lot. Would like to know the story behind that).<P>But if all the wear items have been replaced then what really matters is what is the condition now and for a nice modern convertable, $10k is probably a proper price that is still only 1/3 of list.<P>With real estate the byword is location, location, location. For a car it is condition, condition, condition.

Posted

Another thing worth considering is that, properly maintained, the car should be worth the same $10,000 5 years from now.<P>These type of cars have "U" shaped depreciation curves. I feel that they are at the bottom if not on the leg up.<P>There are also dreamers that "sell (offer for sale every year)". Their car sale is their hobby and I have seen them year after year at the same shows with the same grossly overpriced cars.<P>Frankly I had my 89 as a summer car, put 80,000 miles on it over 5 years and sold it for $500 less than I paid for it. Yes it took typical but economical maintenance during this period.<P>Can you imaging going into your GM dealership and say "I want to take advantage of your 0% interest rates and purchase a car for $100 a <B>year</B> depreciation. That is some heck of a residual value on your lease grin.gif" border="0 .<P>Just my 2 cents CDN, Robert that is 1.274 cents US frown.gif" border="0

Posted

Peatta Rebel ... why not register???? confused.gif" border="0

Posted

Thanks for all the responses. I have noticed that same thing that Wally pointed out about the price of these cars. Everyone that I talk to about them loves them.<P>Responding to Padgett, the previous owner drove the Reatta everyday to work, including many trips out of state. He loved the car(will get to that in a minute)and did not do any work on it himself, but instead took it to the neighborhood garage for everything. That is part of the reason it is in such great shape. If anything at all went wrong with it, he had them fix it. I have receipts for the Reatta that when piled up are over an inch thick. I also put it on the rack and was impressed with the underside. He did keep the top conditioned and it really shows.<P>I mentioned above how the previous owner loved his car, so you may ask, "why did he sell it". He bought another one just like it with less than a thousand miles on it and drive that one every day also. I am only selling this Reatta since I need the money. I plan to buy another one down the road when I am in a better financial position.<P>As to why I haven't registered, I am new to this Reatta stuff and this is the first time I have went into this type of web site. I plan to register later.<P>Thanks to all the responses, you have really helped me understand the value of this Reatta. I am sure that this Reatta will make some else nice car and something they can enjoy. grin.gif" border="0

Posted

Rebel - Since this is probably the highest mileage Reatta found to date, would you mind posting the VIN and color info.(ext, int, top, side molding) and options for inclusion in the database?

Posted

Stan:<BR>I talked to Barney last week and gave him the information on my Reatta. It should make the next list.

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