Hey there guys!
I am in the process of almost grabbing a sweet 72 that I plan to modify into a street/strip car. See my post " A 72 that could be mine but I need all your help"
My father , a die hard mopar guy is telling me that if I buy I am making a mistake because if I dump 8 grand into the car to make a nice strip car then if I ever have to sell it in an emergency I will not get back what I put into it.
I wonder if he is right, or if I should take the chance and build one. I cannot forsee any future problems where I would have to sell it in a pinch. And if I put 8000 bucks in a 2000 grand car would I be able to sell it for 10k? ( with a V8 in it that is)
This is the only deciding factor for me right now. Even my brother is telling me the same thing. He said he a saw a pro street vega on ebay that the guy dumped 30,000 bucks in but he couldn't even sell it for the 13k he was asking but he had to lower all the way to 7 grand! I do not want this to happen to me...
So anyone, please reassure me that if I do up a beautiful 72 with a nice 302 that if I ever HAD to SELL IT would I get back what I put in? or would I be losing lots of cash?
Thanks for your help guys!
Sad to say if your going to play your going to pay..if you can't afford to keep and up keep the toys you should rethink your project.
for example...If you have 8k in a crate motor and you take it out of the crate your going to loose value, if you have a chassi in a car and run a season you going to be hit by deprecation.
Are you building the car to be liquid or for you own enjoyment..
One will out weight the other..Sincable Business or true passion.
I had a 460 Pinto that was almost done.. I had two years of my own work in it ... Lost my butt in it,,, but I truly enjoyed putting it together...I my only regret was not running it at the track.
So in short if you have that much in the motor is the motor alone worth any less after the work is done...most likely. and yes it sucks.
FrankBoss
I have not put 8k into the motor I am talking 8k into the car in total
My only problem is that I am 19 and that I dont want to lose money on this if I ever have to sell it in case of a bad scenario
Sorry that was my misunderstanding...
Maybe a little history about the car your working on and where the money would be allocated too in the car. I still have my V8 Pinto from when I was 19( a long time ago I must add). I quit looking where the money went...:)
FrankBoss
I don't have the car yet,
I want to buy it and put about 8 grand into it as a budget
I just don't want to end up losing money if I ever have to sell it.
How much would I lose if I did?
I'm not trying to hackle you but,,
there are car with that much in them and people are getting more than that out of them.
But Just because you throw out a number and say you want to alter a cars from origanal doesn't mean your not going to loose or make your investment, your question is just too vague.
you need to have a plan on PAPER. general out line of your investment.
How good is the car you plan on buying ect...how much where will the money go.
Honestly you might go over your projected budget you might get a deal on this and that and get it cheaper..but the number is all relitive to How, Where and with What. I'm sure your dad has a your best interest in mind and he would know your resources..
You might need to lay out a plan and talk it over with him honestly, and then doo your research on each step. Rather than just throwing out a number and assume your going to loose or make your money back.
I hope I'm making sence. The project can be a harsh reality if aproched with money and good intentions.
If you need help finding this and that for your out line feel free to ask on the boards theres a bunch of us who have been hit with the ups and downs of this swap,
FrankBoss
Quote from: pintobassdude on August 03, 2008, 12:38:37 PM
I have not put 8k into the motor I am talking 8k into the car in total
My only problem is that I am 19 and that I don't want to lose money on this if I ever have to sell it in case of a bad scenario
You mentioned that your are 19.
How electronically savvy are you?
The reason that I ask is that an electronically fuelinjected turbo charged four cylinder or an electronically fuelinjected supper charged 4.0 V 6 nicely done would probably have better fuel economy. Be smogable in California, and handle better in a turn. A 5.0 Liter V8 is old school. Old guys can appreciate technology however many of us are limited. What old guys do have is more disposable cash and would be a potentially bigger market if you ever need to liquidate your project.
My self I am not I am a 48 year old school guy. This is why I stick with a carburetor and a distributor.
Did I mention nicely done! In other words factory looking.
The real bottom line to this is: exactly what do you want from this car>>>?????
If you are buying for an investment then I would suggest that you do more research and see what is bring BIG money on resale.......
But if you are buying this to make it your own and to have fun then this could be just the project you are looking for.
Pintos make great projects and you can take them to whatever level you want. Hell you can even do it in stages. Half the fun of owning a Pinto is simply owning and driving a Pinto because they are cool and oh so rare....
Just be honest with yourself about what you really want and what are your expectations. I have started my Pinto project and I now realize it was one of the best things I have ever done because of the fun I am having and all the great people I have met.
jim
Listen to these guys! Its well known in the car hobby that when you build up a car, you can almost never sell it for what you have into it for parts alone, forget your own labor time! I still work on cars, but I do it for the pleasure of the hobby. (I'm gathering parts to build a Turbo 2.3 Pinto myself) If you learn this at 19, then you are way ahead of where I was at 30! (I'm 51 now)
mike
I have to agree with most of the folks that replied, and I don't want to sound like I am being a smart-butt...... but, no-one that I know has a crystal ball to tell what that car even MIGHT be worth at some point in the future. All 'investments' carry risk.
Car markets fluctuate; right now Mopars are 'in', but a few years ago you could not give them away. IMHO: there is a rising value in cars that get better MPG. Again, IMHO: Tubbed or full race cars don't TYPICLY catch big money because there tends to be a smaller pool of potential buyers for them, and most of those MIGHT not like how YOU put the car together. Does all this mean you should not build YOUR car the way YOU want it?? No, you should not build that car because you should spend all that time and money on your education!! GO TO SCHOOL!!
One more time. IMHO: If you are going to go ahead with this project, and you looking for re-sale as a high priority, keep your 'mod.s' and your dollars to a minimum.
Down from the soap-box......
Bill
GUys
I agree with you all!
It is my father is warning me against it and he says he knows it a shallow idea but he just doesn't want to see his son get shafted down the line.
I can't see myself having to sell it and I didn;t think you guys would all say go for it, because that is exactly what I want to do and was going to do regardless of what anyone said!
As for the guy who said the thing about oldschool V8's, well lets just say I should have been born in a different era as everything for me is about V8's and heavy metal! 8)
I am goin with my gut!
Thanks all I really appreciate the answers!
;D
I've got to agree with the majority here.....even the guys selling at Barretts for 100K in most instances put 125-150K into the restorations. You'll never get out of a project car what you put into it, it's not something to be looked at as an investment, it's a labor of love for something you truly want to drive and show off.
This topic is "near and dear" to my heart. My wife is very "anti-Pinto", sad to say. I used to have a '57 Chevy 2 dr hdtp which I sold, and never recouped the money. The wife thinks this current car (which I have almost 3k in already) is nothing but a money pit, and a waste of time, since it's a Pinto.
You know what? I DON'T CARE. I literally had to look at her yesterday and say "I know you don't like it, I'm sorry, I am going to fix it up the way I want to until I decide what to do with it". She understood; after all, the money I am putting into the car is my money, fueled by income from my other hobbies. TRANSLATION: Like most, I don't have a wad of cash laying around to dump in the car, she doesn't have to put a dime in it, and the road to getting it where I want to be will be a long one.
For me, this is all about the journey. I am not saying that the >destination< is not worth it, but the sweat equity you put in is, as the VISA commercial says, is "priceless". Some guys put their money in guns, some in boats, some in sports paraphenalia, some in....you name it. I chose a PINTO - and I am proud of it.
Chris
Quote from: popbumper on August 09, 2008, 09:50:46 PM
This topic is "near and dear" to my heart. My wife is very "anti-Pinto", sad to say. I used to have a '57 Chevy 2 dr hdtp which I sold, and never recouped the money. The wife thinks this current car (which I have almost 3k in already) is nothing but a money pit, and a waste of time, since it's a Pinto.
You know what? I DON'T CARE. I literally had to look at her yesterday and say "I know you don't like it, I'm sorry, I am going to fix it up the way I want to until I decide what to do with it". She understood; after all, the money I am putting into the car is my money, fueled by income from my other hobbies. TRANSLATION: Like most, I don't have a wad of cash laying around to dump in the car, she doesn't have to put a dime in it, and the road to getting it where I want to be will be a long one.
For me, this is all about the journey. I am not saying that the >destination< is not worth it, but the sweat equity you put in is, as the VISA commercial says, is "priceless". Some guys put their money in guns, some in boats, some in sports paraphenalia, some in....you name it. I chose a PINTO - and I am proud of it.
Chris
I agree it's the journey!
hey its been a long strange trip but worth it. i drive truck a night and get alot of ideas for my wagon while going done the road.i get home and see if they will work some do some don't.my wife used to have a hatchback in school and thats what got be started on pintos.shes not a huge pinto fan but i can still talk here into going to aw rootbeer cruise complete with Elvis and Monroe walking around.so keep working on your cars and try new ideas. my wife asked if ill ever be done and i say probally not unless i run out of new ideas ;D chris in ca
Hey GUys!
Yes I TOTALLY AGREEE!!
and sorry, but my account somehow got deleted weirdly >:(
But oh well I am back. Unfortunately I cannot grab the pinto I wanted since my parents say there isn't enough room on the driveway for it this year, plus I don't want to pay to store it right now anyways since summer is over I can't work on it. Hopefully next year he still hasn't sold it or maybe I can find another deal!