Too much money for re-sale projects?

[camrat68]

So, what do you do then when it's finally time to part ways with your ride, just accept the fact that you're going to take a bath on the deal?
I've owned my project car for Forty years and due to health reasons, I think that the time has come to pass it on. That leads me to having to put a price on something that I've been trying to ignore prices on. Because I had no-name shops do the work, that doesn't translate to "added value" to the car. Where do you price the modifications then?

[JLMounce]

So, what do you do then when it's finally time to part ways with your ride, just accept the fact that you're going to take a bath on the deal?
I've owned my project car for Forty years and due to health reasons, I think that the time has come to pass it on. That leads me to having to put a price on something that I've been trying to ignore prices on. Because I had no-name shops do the work, that doesn't translate to "added value" to the car. Where do you price the modifications then?

It's certainly hard because we all kind of build the car we want. I'm assuming your project is your 68 camaro in your signature?

The 502 with th400/gear vendors combo is hurting the value. The rest of the parts you have on there are good parts, befitting of most restomod and pro-touring builds.

Unless your car is really incomplete, you might be money ahead yanking the 502/th400 and putting in even a fairly stock LS1/2/3 with a 4l60/80. Much more marketable with those parts. But of course if health is a concern, I don't know your ability to get that completed or not.

I don't necessarily think I would worry about having a big name shop do the work, so long as the work that was done is good. That said, I'd have the car appraised by a local appraiser. If it is complete, even though the big block is probably hurting the value, there's buyers that may be interested in it. Or put it up on bring a trailer and let it go for whatever it goes for.

[BonzoHansen]

The 502 with th400/gear vendors combo is hurting the value. The rest of the parts you have on there are good parts, befitting of most restomod and pro-touring builds.

That's too bad. From personal experience, that combo is a lot of fun.

[JLMounce]

That's too bad. From personal experience, that combo is a lot of fun.

Oh I'm sure it is. I still run a traditional Pontiac in my bird, along with a 4l80e. It's fun and what I want, but I also know that it's not really what a lot of interested buyers would want. They want a "modern reliable" LS in the car. I could try and prove to them that my traditional Poncho powered car is every bit as reliable and actually still gets reasonable fuel mileage, but it's engrained in to peoples heads that if you're buying a restomod, it has to have an LS.

2 years ago, I watched my friend spend about 15K more on a car simply because it had an LS2 instead of a SBC like the other contender car had. In my opinion, the car with the SBC was the nicer of the two as well.

[ProTouring442]

So, what do you do then when it's finally time to part ways with your ride, just accept the fact that you're going to take a bath on the deal?
I've owned my project car for Forty years and due to health reasons, I think that the time has come to pass it on. That leads me to having to put a price on something that I've been trying to ignore prices on. Because I had no-name shops do the work, that doesn't translate to "added value" to the car. Where do you price the modifications then?

I just bought a 2017 Genesis G90 for $26,000. The original buyer paid some $75,000 for the car. He lost a good $50,000 on his car (and only drove it 40,000 miles!). Such is how it goes. Cars are almost always depreciating assets.

A hot rodded/customized "classic" car isn't quite the depreciating asset a new car is, but that's only true while that particular car or style in in vogue. It's a supply and demand thing. Build a car on the cusp of a boom in demand for that style and you might make money. Own the car when the demand bubble crashes and you'll have your ass handed to you.

Build what you want because it's what you want and accept the cards however they fall.

[badazz81z28]

I just bought a 2017 Genesis G90 for $26,000. The original buyer paid some $75,000 for the car. He lost a good $50,000 on his car (and only drove it 40,000 miles!). Such is how it goes. Cars are almost always depreciating assets.

A hot rodded/customized "classic" car isn't quite the depreciating asset a new car is, but that's only true while that particular car or style in in vogue. It's a supply and demand thing. Build a car on the cusp of a boom in demand for that style and you might make money. Own the car when the demand bubble crashes and you'll have your ass handed to you.

Build what you want because it's what you want and accept the cards however they fall.

Why do people think that’s a $50k loss? You didn’t get a $75k car for $26k, you got a $26k car for $26k

That car has 40k miles of wear, that’s a lot of wear on car. There also isn’t a warranty anymore…..the car depreciated based on wear and tear, not just because