Notices
Racing & Drivers Education Forum
Sponsored by:
Sponsored by:

Resale anyone?

Thread Tools
 
Search this Thread
 
Old 01-06-2008 | 10:09 PM
  #1  
TraqGear's Avatar
TraqGear
Thread Starter
Former Vendor
 
Joined: Mar 2007
Posts: 3,672
Likes: 5
From: Jacksonville, FL
Default 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.
Old 01-06-2008 | 10:13 PM
  #2  
chrisp's Avatar
chrisp
Three Wheelin'
 
Joined: Jun 2004
Posts: 1,614
Likes: 1
From: CT
Default

Buy someone else's race car.
Old 01-06-2008 | 10:38 PM
  #3  
Bill L Seifert's Avatar
Bill L Seifert
Three Wheelin'
 
Joined: Dec 2001
Posts: 1,561
Likes: 2
From: Hailey, Idaho
Default

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
Old 01-06-2008 | 10:45 PM
  #4  
Steve Weiner-Rennsport Systems's Avatar
Steve Weiner-Rennsport Systems
RL Technical Advisor
 
Joined: May 2001
Posts: 11,871
Likes: 66
From: Portland Oregon
Default

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.
Old 01-06-2008 | 11:02 PM
  #5  
38D's Avatar
38D
Nordschleife Master
 
Joined: Jun 2002
Posts: 6,683
Likes: 845
From: About to pass you...
Default

You typically get at most 50 cents on the dollar back for mods.
Old 01-07-2008 | 07:53 AM
  #6  
RSRRacer's Avatar
RSRRacer
Rennlist Member
 
Joined: Jul 2001
Posts: 1,945
Likes: 189
From: NC
Default

You can buy a nice older 996 cup for 75 - 90 drive the wheels off then sell for $15K less in two years.

No contest for saftey, reliabiity, speed, get a cup car.
Old 01-07-2008 | 11:47 AM
  #7  
ilko's Avatar
ilko
Agent Orange
Rennlist Member
 
Joined: Jun 2006
Posts: 16,207
Likes: 571
Default

Originally Posted by 38D
You typically get at most 50 cents on the dollar back for mods.
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.
Old 01-07-2008 | 01:29 PM
  #8  
leif997's Avatar
leif997
Three Wheelin'
 
Joined: Nov 2005
Posts: 1,852
Likes: 3
From: Long Island, NY
Default

Originally Posted by RSRRacer
You can buy a nice older 996 cup for 75 - 90 drive the wheels off then sell for $15K less in two years.

No contest for saftey, reliabiity, speed, get a cup car.
Chris is dead-on wrt this one, Rog...
Old 01-07-2008 | 02:27 PM
  #9  
lowside67's Avatar
lowside67
Rennlist Member
 
Joined: Dec 2005
Posts: 1,432
Likes: 39
From: Vancouver, BC, Canada
Default

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.
Old 01-07-2008 | 04:02 PM
  #10  
joey bagadonuts's Avatar
joey bagadonuts
Addict
Rennlist Member

 
Joined: Mar 2002
Posts: 3,606
Likes: 1
From: Highland Park, IL
Default

Originally Posted by ZBB0730
I see quite a few for sale, but unless they are super deals, they seem to sell pretty slowly.
Do you have examples you can point to? There's probably a little more to the story than just price.

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
Old 01-07-2008 | 04:27 PM
  #11  
John H's Avatar
John H
Addict
Rennlist Member

 
Joined: Jun 2001
Posts: 5,123
Likes: 71
From: Portsmouth, Ohio
Default

I'll sell you mine. I need a cup car

<---------------



Quick Reply: Resale anyone?



All times are GMT -3. The time now is 07:27 AM.