Possibly selling my 930. What's the price neighborhood?
12-03-2014, 01:34 PM
#16
Burning Brakes
Thread Starter
The color and mileage are right but the paintwork, non-USA car, and the few non-original bits will hurt. It took me a long time to sell mine with 22k miles. Personally, I think your car will be worth somewhere in the mid to high $60k's. You may try to consign it but the sale is tough. Very few people buy these cars from an owner unless it is priced right. The dealers are trusted.
The first guy who contacted me about the sale was a dealer from London, so I don't think the non-USA car is an issue. These attract a lot of attention from the overseas collectors and have a very strong following, and I'd not be surprised if this ends up going back "home". The Euro cars are preferred for "repatriations".
Yes, I wish the car was 100% totally showroom stock, but it is what it is. There really aren't many out there that haven't had a few bits added over the years, and an upgraded turbo, stainless exhaust, and an aftermarket radio are forgivable sins and relatively minor. The re-painted front bumper is probably less than 10% of the paint on the car, which still makes it an "original paint" car in my opinion. But I agree, all these will reduce the price a from the 5-star condition price.
As for buying from an individual owner over a "trusted" dealer, I strongly disagree (and laughed). Give me a well-loved car that has been owned by a PCA member for years ANYDAY over a car that was bought & sold by a dealer who wants to make a fast buck. IMHO, the true enthusiasts are the ones who really know the idiosyncrasies and details of their cars, and take care of them properly. Of course, you always have to do your homework, but I've been hustled a few times by exotic dealers, but never by a guy who truly loved & babied his car.
12-04-2014, 11:31 AM
#19
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As for buying from an individual owner over a "trusted" dealer, I strongly disagree (and laughed). Give me a well-loved car that has been owned by a PCA member for years ANYDAY over a car that was bought & sold by a dealer who wants to make a fast buck. IMHO, the true enthusiasts are the ones who really know the idiosyncrasies and details of their cars, and take care of them properly. Of course, you always have to do your homework, but I've been hustled a few times by exotic dealers, but never by a guy who truly loved & babied his car.
Lots of these cars are shipped overseas which is why they are appreciating here so rapidly.
12-05-2014, 07:18 PM
#21
Trucker
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You and me both but that is not the way the world works. I had my car advertised for $95k here for a long time and got very little interest except 1 BS buyer who tied me up a little. I called Sloan and he told me he could get $120k-$130k all day long as his buyers trust his reputation for screening cars.. I have heard this countless times. Dealers with large client lists just sit on them cars until they get the price they want. And the proof is I sold my car for more than I had it advertised to a dealer. Lots of these cars are shipped overseas which is why they are appreciating here so rapidly.
Apparently he does a lot of consignments. Nice to have the space and low working capital...
12-06-2014, 06:28 PM
#23
Burning Brakes
Thread Starter
There were a few people trying to get me to end the auction early (offering $55-60K), but I said that we'd let it run. Good thing too, because the final price was $78,700. So now we know what a clean '85 Euro car is worth... at least in 2014.
Demand is still good for these cars. The #2 bidder emailed me & said he would take it if something happened to bidder #1, but I've already received the deposit and #1 is making arrangements to pick the car up.
Demand is still good for these cars. The #2 bidder emailed me & said he would take it if something happened to bidder #1, but I've already received the deposit and #1 is making arrangements to pick the car up.
12-06-2014, 06:36 PM
#25
Burning Brakes
Thread Starter
So if you wanted to get at least $70K for your car, you could begin the auction at 70K and run it with no reserve, or (better) start it at a lower point to get some interest (say $35k) and put a reserve of $70K on it. The reserve amount is hidden, and bidders only see if that price has been met or not.
Seems like a lot of dealers put cars up with incredibly high reserves, in an effort to pump up the market. I'm not so sure that works, but when you see 4 cars on there at $120K+, it sure makes yours look like a good deal.
I put mine in at a low starting point, with no reserve. Maybe it was a little risky, but even if mine didn't sell for top dollar, I'd make money on it (I've had it for 8 years). But I think it brought the appropriate amount. Of course, next year, when the prices are $10-20K higher, I'll be back here crying.
12-07-2014, 12:14 PM
#29
Drifting
Congrats to seller and buyer- ebay gets a bad rap but it's the perfect place to sell a car like this, lot's of exposure and not expensive to list. I've never had someone make a fair offer to end an auction early.
Phil
Phil
