Bunz-T
Dec 23rd, 08, 10:41 AM
Sold my 69 SS project this week. Went to Indianapolis to a new member that shares the excitement I can only remember. He is a terrific guy and I am confident he will do a nice job completing the car.
I feel very fortunate to have bought this car and the 67 at a premium time and recovered within $2500 of my investment selling them both in this market. Not many hobbies that can be enjoyed for 18 months for that kind of money.
The 69 was only loosely advertised....more by word of mouth than anything else. The car was a difficult sell because it was a project and it was going to take a special person that would recognize the potential of the car, the amount of money it took to get where it was and how much back of that money the car was priced. I began several months ago watching for people that were posting cars for sale they were interested in. If it resembled what I had I would PM them to see if they had any interest. Most were dead ends until I found the current buyer. From start to finish only a couple of weeks. He was the type buyer I was looking for and unless I miss my guess the car will be everything he wants at terrific value. He now gets to build "His" car with all the hard work done.
Most people will agree how hard it is to sell something and I think the biggest obstacle a private seller has to overcome is accepting the real market value of some of these cars. So many were bought in a premium time and way too much paid for them. It will be a long time before the average or common car brings what it did 18 mos. ago.
But it is also a buying opportunity......for so many things. With the money I got for the car I bought 15 cows $400 back of what I was paying 6 mos. ago. That $6K savings goes a long way to easing the pain of the cars being sold. They will produce $9K income in 12 mos. and 5+ years of depreciation. Someones loss is usually someone else's gain.
It is tough out there and the day of just posting on E-Bay, C/L, etc. and expecting to catch a fish at a big price has passed. It a takes hard work and the help of friends. Like the ones I have here. For that I say thank you. :thumbsup:
I feel very fortunate to have bought this car and the 67 at a premium time and recovered within $2500 of my investment selling them both in this market. Not many hobbies that can be enjoyed for 18 months for that kind of money.
The 69 was only loosely advertised....more by word of mouth than anything else. The car was a difficult sell because it was a project and it was going to take a special person that would recognize the potential of the car, the amount of money it took to get where it was and how much back of that money the car was priced. I began several months ago watching for people that were posting cars for sale they were interested in. If it resembled what I had I would PM them to see if they had any interest. Most were dead ends until I found the current buyer. From start to finish only a couple of weeks. He was the type buyer I was looking for and unless I miss my guess the car will be everything he wants at terrific value. He now gets to build "His" car with all the hard work done.
Most people will agree how hard it is to sell something and I think the biggest obstacle a private seller has to overcome is accepting the real market value of some of these cars. So many were bought in a premium time and way too much paid for them. It will be a long time before the average or common car brings what it did 18 mos. ago.
But it is also a buying opportunity......for so many things. With the money I got for the car I bought 15 cows $400 back of what I was paying 6 mos. ago. That $6K savings goes a long way to easing the pain of the cars being sold. They will produce $9K income in 12 mos. and 5+ years of depreciation. Someones loss is usually someone else's gain.
It is tough out there and the day of just posting on E-Bay, C/L, etc. and expecting to catch a fish at a big price has passed. It a takes hard work and the help of friends. Like the ones I have here. For that I say thank you. :thumbsup: