Resale anyone?
#1
Resale anyone?
Once you do pull the trigger on a race set up, how difficult is it to resale it? Like, if you buy a prepped 996 cup, 993RSR or 993 race prepped, etc. I see quite a few for sale, but unless they are super deals, they seem to sale pretty slowly. I bought a 944 for my son and spent 4 for the car and another 4 to get it in good DE condition. He has only driven it twice and it looks like I'll have to practically give it away when I resale. I don't want this to happen with a 50 to 100k set up.
#3
The 944 should not be a give away. But you will probably not get what you have in it. Want adds are full of 944's that people bought for $3,000, and put $4,000 in to make it a mediocre race car, then want to sell it for $12,000. Ain't going to happen. I would guess the same goes for a 911. All cars depreciate, even good race cars. If you price a car fairly, it should sell for what it is worth. Though it may take a while.
The biggest problem, is, that just because someone has $50,000 in a car, does not mean it is worth $50.000. Whatever you do, do not buy one out of PCA Club Racing News, those guys are total dreamers. Over 19 years, I have, probably, $40,000 in my 944, or maybe more, but it is still a $10,000 race car, AT THE MOST! If I blow the motor at the next race, it is worth next to nothing.
The other side of this coin, is that all you have to do is win every race you run in, and the car will be real easy to sell.
Bill Seifert
1987 944S Race Car
The biggest problem, is, that just because someone has $50,000 in a car, does not mean it is worth $50.000. Whatever you do, do not buy one out of PCA Club Racing News, those guys are total dreamers. Over 19 years, I have, probably, $40,000 in my 944, or maybe more, but it is still a $10,000 race car, AT THE MOST! If I blow the motor at the next race, it is worth next to nothing.
The other side of this coin, is that all you have to do is win every race you run in, and the car will be real easy to sell.
Bill Seifert
1987 944S Race Car
#4
Rog:
It depends on what you buy,...
A factory race car such as a Cup car or RSR holds its value better than the like-equipped home built race car.
Non-factory race cars are usually worth at least the sum of their parts so if something was built up using premium components, those do better than ones equipped with something less.
Each & every car should be judged/valued on its own merits depending on how well its prepared and condition.
It depends on what you buy,...
A factory race car such as a Cup car or RSR holds its value better than the like-equipped home built race car.
Non-factory race cars are usually worth at least the sum of their parts so if something was built up using premium components, those do better than ones equipped with something less.
Each & every car should be judged/valued on its own merits depending on how well its prepared and condition.
#7
Unless those are bolt-ons that you can part out. Then you would get more. For instance, you can expect to recoup about 70-80% from the cost of a roll bar or newer race seats. Now if you have shortened gears expect 20-30% return. YMMV.
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#8
#9
Thats one thing I've noticed is although the cup cars are a step up in terms of investment, they seem to be easier to sell and at a very healthy price compared to most of the DE cars and club racing streetcars. If the cost of entry and running costs arent too steep to begin with, I think they make a lot of sense. Also, I'm not sure what level a driver you are but cups are obviously single seaters and a lot of DEs I have seen are not as keen on drivers without instructors until you are an advanced driver.
#10
Generally, well-equipped cars with a PCA stock class log book will be easier to sell than those without. Podium cars get a premium and move quicker. GT class cars seem less popular. 993/964 cups are in demand and rare.
Mods that progress your car into a GT class will devalue the car, i.e. body panels, gear ratios, motor "upgrades." Items that will help sell your car: top of the line suspension, maintenance records, leakdown numbers, quality wheels, attractive color combination, top-notch safety equipment and stunning lap times.
$0.02