Opinions needed -Value 2003 MM BLOWN 47K

So glad I came across this thread, there was drama and excitement all rolled into one in here lol.

Whenever I have sold a car I have always asked for 1500 ish more than what I really want to sell it for so it gives me a little room to budge for the hook line and sinker if it's needed to make the deal. I'd say 17-20k.
 
CRUZTAKER said:
Thank you Mary...as an ol' timer here I appreciate that and far more appreciate his not adding to my posts.


It is indeed a built motor, and built quite well.
I am just putting out feelers as things in life due indeed change and moving on and growing older is inevitable.

No doubt I'll never come close to what I have spent, but I need a good starting point in the spring to figure out where I need to go.
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Am interested how this may turn out as yours is or appears to be about equal to mine I believe. So will be curious what folks think/say ...just curious.....

Paul T. Casey said:
Lousy reason for selling a car you like. It may be cheaper in the long run to keep the Merc rather than replace it as you near your "mid-life" crisis.
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On the other hand....I agree^^^^^^^here ....Where else can you get so much fun, with so much power, with so much comfort, and have so many looks....and be paid for........so ....yeah...gotta keep it ....for those reasons alone.....and if anyone is interested ...I'll take $48,750 for mine--:lol:
 
You only have to look at mine for an example. I have more than double my asking price in it. Top of the line everything from start to finish. And I cant get a freaking bite from a serious individual in the $20k range or above. Even when I lowered it to $19.5 no one would even make an offer.

Maybe something with my car is scaring people away. But no one has specifically come out and told me that.

In my opinion, you would be better off de-modding and selling. Obviously people in the marketplace do NOT care what it takes to put cars like this together.
 
Todd said:
You only have to look at mine for an example. I have more than double my asking price in it. Top of the line everything from start to finish. And I cant get a freaking bite from a serious individual in the $20k range or above. Even when I lowered it to $19.5 no one would even make an offer.

Maybe something with my car is scaring people away. But no one has specifically come out and told me that.

In my opinion, you would be better off de-modding and selling. Obviously people in the marketplace do NOT care what it takes to put cars like this together.
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Very good point--That's why if I should ever get serious to sell, I would only do it in a car enthusiast "sell area" of a large car show--where the folks who really want such a car are willing to put our the $$ for it--even more maybe after it gets older and more scarce.....cause there I can wait for my price--and keep it otherwise if it doesn't sell till the next show time.
 
modding cars rarely brings you a profit, I hope those with super chargers and such are in it for the long haul.

The best way to make money with a built car is to buy a used one super cheap, mod it wisely and then sell it.

I know when I am looking at a car I am turned off by performance upgrades unless I see it done just right. Meaning with taste, with high-end work and documentation. Even then I am more wary then buying a used stock car.

These days most poeple finance their cars so they don't want to make payments on something that is going to break down. OTH, if you find people paying cash, I bet they are more likely to be interested in upgrades.

Just my 2 cents...
 
ludwigvan968 said:
These days most people finance their cars so they don't want to make payments on something that is going to break down.
Just my 2 cents...
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This is where the problem lies. Most banks don't consider modifications when they research the book value and subsequently will not approve a loan for, say, $20k on a car that only "lists" for $11k in the blue-book -- even though it may be well worth the $20k considering the upgrades. :shake:
 
Todd said:
You only have to look at mine for an example. I have more than double my asking price in it. Top of the line everything from start to finish. And I cant get a freaking bite from a serious individual in the $20k range or above. Even when I lowered it to $19.5 no one would even make an offer.

Maybe something with my car is scaring people away. But no one has specifically come out and told me that.

In my opinion, you would be better off de-modding and selling. Obviously people in the marketplace do NOT care what it takes to put cars like this together.
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Your avatar is kinda scary, you car is kinda awesome. If I wanted another black car in my life, yours would certainly be it, plus, it's way different than most all the other MM's, yours is turbo instead of SC'd. And it's done nicely. If you maybe would like to store it in my garage in Ohio, just let me know.:D
 
yours is turbo instead of SC'd. And it's done nicely. Actually it is supercharged! Vortech
 
Spectragod said:
Your avatar is kinda scary, you car is kinda awesome. If I wanted another black car in my life, yours would certainly be it, plus, it's way different than most all the other MM's, yours is turbo instead of SC'd. And it's done nicely. If you maybe would like to store it in my garage in Ohio, just let me know.:D
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Thank you man. I appreciate it.
 
W4LTD said:
This is where the problem lies. Most banks don't consider modifications when they research the book value and subsequently will not approve a loan for, say, $20k on a car that only "lists" for $11k in the blue-book -- even though it may be well worth the $20k considering the upgrades. :shake:
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One more thought.....


What you are saying is accurate. But to point out a couple things:

1) KBB and NADA do not address the 'market' value of cars in many cases. This is more prevalent today than ever. My friend is a car dealer. Owns his own business and has sold me a number of my cars. We talk all the time about market value versus book value and they are not always the same. Sometimes they aren't even close. But as you said, the banks typically loan based on NADA and that is what counts to people who have no savings to put with the loan dollars or cant justify putting cash with it. Although, try to walk into a dealer today and buy a car with no down payment. The buyer will most likely be surprised as they get turned away.


2) Many of the guys on this board will buy a car, then spend thousands on mods. Whether it be as significant as a supercharger, or exhaust, cold air, tune, gears, etc... So they apparently find the money to make payments on the car itself and THEN get the money to buy all the mods. They arent getting a loan on those mods. So they are spending cash or putting on credit card and stretching the payments out a little. Buy car for lets say $14k for a lower mileage, good condition car. Then spend $5k +/- on some combo of mods. Then you are right there at the prices people are telling Cruztaker the car is worth.

Which is why I put in my ad that I would let someone put the difference on a credit card at a local store (or internet retailer I guess). But no one has shown interest in that option at all.
 
[I would love to have a conversation with you!quote=offroadkarter;847884]That would get it stolen by some minorities, and thats not how he wants his car gone....[/quote]
 
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