Omega Owners Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Search the maintenance guides for answers to 99.999% of Omega questions

Pages: [1] 2  All   Go Down

Author Topic: Bangernomics question.  (Read 2024 times)

0 Members and 1 Guest are viewing this topic.

Doctor Gollum

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • In a colds and darks puddleses
  • Posts: 28202
  • If you can't eat them, join them...
    • Feetses.
    • View Profile
Bangernomics question.
« on: 13 December 2021, 19:30:42 »

Let's say you have an older car, say 20/21 years old with around 85k on it and it's a ten footer... with the only notable rust being the front wings.

Would spending £150-200 on a pair of rust free wings bring an increase in value?

It stands to reason that it will make it an easier sell, but would it actually add, say £500, to make it worthwhile?  :-\

Logged
Onanists always think outside the box.

BazaJT

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • SLady bitshorpe N.Lincs.
  • Posts: 9098
    • Omega 3 litre Elite
    • View Profile
Re: Bangernomics question.
« Reply #1 on: 13 December 2021, 19:40:45 »

I'd think adding rust free wings would increase the value[and as you say make it an easier sell] by how much is a debatable question and could depend on make/model of car[for how desirable it is]you'd want an approximate idea of value as it is and an approximate value of similar cars with the better wings.
Logged

STEMO

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • Posts: 8359
    • Astra 1.6 diesel
    • View Profile
Re: Bangernomics question.
« Reply #2 on: 13 December 2021, 19:44:27 »

On a five grand car, maybe. On a car where £500 would probably double the price, debatable.
Logged
Diesel till I die

dave the builder

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • Derbyshire
  • Posts: 7782
    • omega b2 2.6 cdxi
    • View Profile
Re: Bangernomics question.
« Reply #3 on: 13 December 2021, 19:59:20 »

A cheap n cheerful DIY P38 and rattle can touch up on a sub £1000 car if you want to tart it up to sell IMHO
Logged

Doctor Gollum

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • In a colds and darks puddleses
  • Posts: 28202
  • If you can't eat them, join them...
    • Feetses.
    • View Profile
Re: Bangernomics question.
« Reply #4 on: 13 December 2021, 20:16:46 »

That's the thing, looked at two cars last week... One offered £500... tother,  £1,500.

Two very different deals and perhaps the variation stems from a different approach from the two dealers :-\
Logged
Onanists always think outside the box.

STEMO

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • Posts: 8359
    • Astra 1.6 diesel
    • View Profile
Re: Bangernomics question.
« Reply #5 on: 13 December 2021, 20:47:15 »

That's the thing, looked at two cars last week... One offered £500... tother,  £1,500.

Two very different deals and perhaps the variation stems from a different approach from the two dealers :-\
Or the trade against the vehicle you were looking at. One could have made a reasonable profit offering you £500, the other £1500. You must have an idea what it's worth, and one of them was taking the piss.
Logged
Diesel till I die

dave the builder

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • Derbyshire
  • Posts: 7782
    • omega b2 2.6 cdxi
    • View Profile
Re: Bangernomics question.
« Reply #6 on: 13 December 2021, 20:49:36 »

That's the thing, looked at two cars last week... One offered £500... tother,  £1,500.

Two very different deals and perhaps the variation stems from a different approach from the two dealers :-\
now it's MOTed it's more desirable to the dealer to sell on
dealers offer what they know they can get the money back on PXs ,maybe the £1500 offer was because the dealer had a buyer for the PX or had plenty of money in the deal .
check what WBAC and sales/completed listings for similar .
spending £200 on cosmetics of a £1000 car may sell it quicker
or offer it for £1200 and get £200 knocked off for cosmetics

I did spend 2 years assessing ex lease cars for retail and the associated PX offerings ,most PXs got sent strain to auction (after being drained of fuel  :-X)
dealers make money ,if you want the same margin ,sell it privately 

Logged

Doctor Gollum

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • In a colds and darks puddleses
  • Posts: 28202
  • If you can't eat them, join them...
    • Feetses.
    • View Profile
Re: Bangernomics question.
« Reply #7 on: 13 December 2021, 20:58:00 »

The £500 was against a car being sold on behalf of a family member (also just had £1,600 spent on it's MoT)... And was a piss take.
Logged
Onanists always think outside the box.

TD

  • Omega Knight
  • *****
  • Offline Offline
  • Gender: Male
  • Swindon
  • Posts: 1235
    • Nowt!
    • View Profile
Re: Bangernomics question.
« Reply #8 on: 13 December 2021, 21:02:56 »

The dealer offering £500, depending on the sort of car he/she usually sells, may not want a car that age, with unknown faults to him the hassle of selling it and then grief from whoever buys it, if it has faults he hasnt declared. He may just prefer to give £500 on P/X and then send it to the scrap yard  :)
Logged

dave the builder

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • Derbyshire
  • Posts: 7782
    • omega b2 2.6 cdxi
    • View Profile
Re: Bangernomics question.
« Reply #9 on: 13 December 2021, 21:14:23 »

The £500 was against a car being sold on behalf of a family member (also just had £1,600 spent on it's MoT)... And was a piss take.
unfortunately spending £1600 to get a car through an MOT does not make it a car worth £1600 or more .
not to say it isn't worth £1600+ to the right buyer

20 years ago we aimed to make at least 1500 on a 5000+ car
margins are less these days i imagine
I don't tend to sell cars now ,just fix them and use them till too rusty and economically unviable , then scrap em   ;D

better the devil you know and all that
Logged

Nick W

  • Omega Queen
  • *****
  • Offline Offline
  • Gender: Male
  • Chatham, Kent
  • Posts: 10857
  • Rover Metro 1.8VVC
    • 3.0l Elite estate
    • View Profile
Re: Bangernomics question.
« Reply #10 on: 13 December 2021, 23:37:10 »

On a five grand car, maybe. On a car where £500 would probably double the price, debatable.


It's a straight no. A  £500 car would see more benefit from spending £50 on a better driver's seat than tarting about with the body work.
Logged

Marks DTM Calib

  • Administrator
  • *****
  • Offline Offline
  • Gender: Male
  • West Bridgford
  • Posts: 33839
  • Git!
    • View Profile
Re: Bangernomics question.
« Reply #11 on: 14 December 2021, 12:56:58 »

I would say, assuming its not a crazy rare car, that the wings would increase saleability but not value
Logged

Nick W

  • Omega Queen
  • *****
  • Offline Offline
  • Gender: Male
  • Chatham, Kent
  • Posts: 10857
  • Rover Metro 1.8VVC
    • 3.0l Elite estate
    • View Profile
Re: Bangernomics question.
« Reply #12 on: 14 December 2021, 13:21:09 »

I would say, assuming its not a crazy rare car, that the wings would increase saleability but not value




That.


A £500 car isn't really worth much. One that looks clean, well cared for and isn't full of dog hair(for example) is going to be easier to sell than an abused looking example that's been parked under a tree for a month, even if the second example was doing 150miles a day with no problems.
Logged

Doctor Gollum

  • Get A Life!!
  • *****
  • Offline Offline
  • Gender: Male
  • In a colds and darks puddleses
  • Posts: 28202
  • If you can't eat them, join them...
    • Feetses.
    • View Profile
Re: Bangernomics question.
« Reply #13 on: 14 December 2021, 14:25:01 »

It's just been serviced. So that should help...

It’s actually in pretty decent shape for a W220... the rear arches and chassis are both rust free :o The front arches are the worst part of the car.

Loathed to finance the replacement, which means the cheaply expensive route to change it. Hence the question re maximising the value :-\
Logged
Onanists always think outside the box.

ronnyd

  • Omega Lord
  • *****
  • Offline Offline
  • Gender: Male
  • Bury St Edmunds Suffolk
  • Posts: 8627
    • Vectra 1.8 SRI Silver
    • View Profile
Re: Bangernomics question.
« Reply #14 on: 14 December 2021, 20:15:46 »

Let's say you have an older car, say 20/21 years old with around 85k on it and it's a ten footer... with the only notable rust being the front wings.

Would spending £150-200 on a pair of rust free wings bring an increase in value?

It stands to reason that it will make it an easier sell, but would it actually add, say £500, to make it worthwhile?  :-\


Err, was dat then? :-[
Logged
Pages: [1] 2  All   Go Up
 

Page created in 0.032 seconds with 19 queries.