People Dont Grasp This Concept!, Mods lower value of the car Options

[kman2010]

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

[Digndoug]

I think you guys are trying to make a stupid point. A mod isnt really going to lower the cars value, your just not going to get the monjey out of it. Its not really worth modding a car to re-sell. But if you have a car moded, IE: lip kit, lowering springs sway bars a few other things, You should be able to get about 50% of the cost out of it.

All in All a car is only worth what someone will pay. Its all about making it atractive and wanted by all.. or most. and yes stupid things like painting the inteior will make it worth less.. but im talking about a real "mod"

[Dr_Tweak]

I think you guys are trying to make a stupid point. A mod isnt really going to lower the cars value, your just not going to get the monjey out of it. Its not really worth modding a car to re-sell. But if you have a car moded, IE: lip kit, lowering springs sway bars a few other things, You should be able to get about 50% of the cost out of it.

All in All a car is only worth what someone will pay. Its all about making it atractive and wanted by all.. or most. and yes stupid things like painting the inteior will make it worth less.. but im talking about a real "mod"
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Actually, you're not correct. In the retail world, ANY modification at all LOWERS the value of the car below the book value, even a modification that makes the car "better".

Again, that's the retail world, in the enthusiest world you *might* be able to get 50% of your money back on it.

And we're not "trying" to prove a point, it's already been proven time and time again. Read the title of the thread, and then repeat after me: "This thread is talking about ME."



-Doc

This post has been edited by Dr_Tweak: Oct 3, 2005 - 12:02 AM