People Dont Grasp This Concept!, Mods lower value of the car |
People Dont Grasp This Concept!, Mods lower value of the car |
Oct 2, 2005 - 10:04 PM |
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Enthusiast Joined Dec 26, '04 From Hopkinton, MA Currently Offline Reputation: 0 (0%) |
I just dont understand why people are asking for ridiculous amounts of money for cars with minor mods. I mean i understand if you got a show car and your asking for 15,000 of the 25,000 you put into it back. but if you have a basically stock celica with intake, and some crappy paint on the interior. maybe exhaust and a wing. that should lessen the value of the car shouldnt it? so why ask for all the money back from it. its just me whining because i have a totalled car, and its gonna cost me alot to get my baby back together, or just buy a done one.
anyone agree or disagree? open topic, speak amongst ya selves |
Oct 2, 2005 - 11:02 PM |
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Enthusiast Joined Mar 31, '04 From Summerville, SC Currently Offline Reputation: 5 (100%) |
Modifications always lower the value of a vehicle. The only exception is if you make a major modification that another enthusiest wants already done. For example, a 6th gen with a 3SGTE swap. In ALL other cases, the value of the car is lowered.
And even in that case, you'll never get back what you put into it. The best way to get your money back on a modified car is to part it out. Along the same lines, replacing stock maintenance parts DO NOT raise the value of the car. If the car has a newer engine and new starter and new alternator and new radiator and so on and so on, that doesn't mean that the car is NOW worth the value PLUS the cost of all those parts. It's worth what the value is, end of story, because the value assumes that the car is in good running condition. -Doc -------------------- -Dr Tweak, 6GC's resident engine swap wiring expert extraordinaire Click here to see my swaps drtweak@phoenixtuning.com |
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