True market value of a 2005 C2S w/ salvage title
04-25-2013, 09:50 PM
#31
Rennlist Member
Maybe it's the Confederacy legacy 
04-25-2013, 11:49 PM
#33
Rennlist Member
That may be true, but it's still a risk and one that the OP is taking instead of something more liquid and/or more easily valued (i.e. for which there exists a known market). Because of this risk, OP is justified in discounting what one might expect to be a "fair value" today because, if/when he ends up taking possession of the vehicle and wants to sell it he cannot be certain there will be a market.
Secondly, not sure how far in the future OP's chance of taking possession could be realized, but there is also a supply/demand factor. As time goes on, there may be more of these motors available as more new cars are purchased and current cars age. This may drive the price down.
When I watch Pawn Stars I see people trying to sell things to the owner for $X after an appraiser says it's worth $X. The owner usually tells them - you want $X for it? Open your own store.
While the motor likely does not have zero value, the OP assumes the risk of an uncertain market (e.g. potentially flooded market and/or potentially no buyers) and somewhat illiquid asset (i.e. not as easy to get rid of as plane tickets to Hawaii on Craigslist). Of course these risks may be small, but the bottom line is that the OP is the one assuming them.
Secondly, not sure how far in the future OP's chance of taking possession could be realized, but there is also a supply/demand factor. As time goes on, there may be more of these motors available as more new cars are purchased and current cars age. This may drive the price down.
When I watch Pawn Stars I see people trying to sell things to the owner for $X after an appraiser says it's worth $X. The owner usually tells them - you want $X for it? Open your own store.
While the motor likely does not have zero value, the OP assumes the risk of an uncertain market (e.g. potentially flooded market and/or potentially no buyers) and somewhat illiquid asset (i.e. not as easy to get rid of as plane tickets to Hawaii on Craigslist). Of course these risks may be small, but the bottom line is that the OP is the one assuming them.
04-26-2013, 03:28 AM
#34
Rennlist Member
04-26-2013, 10:43 AM
#35
Rennlist Member
tell you what. a bare cup car tub is $12-$15k. 997.1 NB tub is cheaper.
M97 engine is $13-$15k. gearbox, well, depends, look it up. overall if I would be looking for a donor car to turn it into a cheap racer I would not pay more than $17l-$20k for any donor with salvaged title as essentially all content from that car will be ditched and a different ECU would be used probably.
I would not think to use a salvaged car for anything else other than a donor for a racer considering tub itself is in OK condition and did not get hit too much with a rust yet.
M97 engine is $13-$15k. gearbox, well, depends, look it up. overall if I would be looking for a donor car to turn it into a cheap racer I would not pay more than $17l-$20k for any donor with salvaged title as essentially all content from that car will be ditched and a different ECU would be used probably.
I would not think to use a salvaged car for anything else other than a donor for a racer considering tub itself is in OK condition and did not get hit too much with a rust yet.
