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why people would rather see their old cars rot than sell em
- Thread starter roundhouse
- Start date
Well there was that ridiculous cash for clunkers program a few years back. Thank God the feds got all those old cars off the street and crushed them before someone sold one and was taken advantage of by some car flipping thieves
I'll sell you my rusty 66 for 2500, I don't care what you do with it.
A lot of good iron was lost in that stupid program. And then the scrap market took off a few years later and cleaned out a bunch more.
In the late 80's and 90's I bought and flipped a lot of old Fords and parts to fund my Galaxie habit. Good times! Kids came along, priorities changed and I sold everything off. Now that they are old enough to drive we are getting into 80's-90's Landcruisers.
I have a different angle on it. I flip all types of stuff, for extra to help provide for my family. Capitalism yea, providing is how I define it. If you want give me more than what something is worth, I'm good with that, if I'm asking more than you want to pay and you offer less. Does that make you bad.
I have an old truck in the back yard. Thus the name "Panelman" I always wanted a Panel truck from the time I was 14 and say one in a magazine. I got one ten or so years ago still sitting on blocks. Will I sell it? No. And I have been asked.
It doesn't matter what you think something is worth, but what someone is willing to pay you for your item.
Just my .02.
I have an old truck in the back yard. Thus the name "Panelman" I always wanted a Panel truck from the time I was 14 and say one in a magazine. I got one ten or so years ago still sitting on blocks. Will I sell it? No. And I have been asked.
It doesn't matter what you think something is worth, but what someone is willing to pay you for your item.
Just my .02.
That Stutz was a basketcase,sure it wasn't cheap to put it back together and get I running.
Yep. A lot of time, knowledge, experience, network, & money went into this. I'm sure that the profit/loss statement for this project looks significantly different than $500k - $40k. I wouldn't be surprised to see that he had several hundred thousand tied up in the whole process of finding, purchasing, storing, restoring, & selling it.
It seems a lot was done to the car in order to get it running before he sold it. Wonder how much that cost? It's a lot more than pay someone $40k then sell it for $500k. Did the guy he bought it from have the money or even the knowledge to know where to get it running? I'm not a car Guy, but I'm pretty sure you couldn't take this vehicle to Pep Boys for a tune up.
