Omega Owners Forum

Chat Area => General Car Chat => Topic started by: Doctor Gollum on 13 December 2021, 19:30:42

Title: Bangernomics question.
Post by: Doctor Gollum 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?  :-\

Title: Re: Bangernomics question.
Post by: BazaJT 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.
Title: Re: Bangernomics question.
Post by: STEMO on 13 December 2021, 19:44:27
On a five grand car, maybe. On a car where £500 would probably double the price, debatable.
Title: Re: Bangernomics question.
Post by: dave the builder 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
Title: Re: Bangernomics question.
Post by: Doctor Gollum 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 :-\
Title: Re: Bangernomics question.
Post by: STEMO 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.
Title: Re: Bangernomics question.
Post by: dave the builder 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 

Title: Re: Bangernomics question.
Post by: Doctor Gollum 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.
Title: Re: Bangernomics question.
Post by: TD 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  :)
Title: Re: Bangernomics question.
Post by: dave the builder 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
Title: Re: Bangernomics question.
Post by: Nick W 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.
Title: Re: Bangernomics question.
Post by: Marks DTM Calib 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
Title: Re: Bangernomics question.
Post by: Nick W 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.
Title: Re: Bangernomics question.
Post by: Doctor Gollum 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 :-\
Title: Re: Bangernomics question.
Post by: ronnyd 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? :-[
Title: Re: Bangernomics question.
Post by: Nick W on 14 December 2021, 20:19:41
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? :-[


One that has no distinguishing features from 10 feet away. Those features could be dents, rust, scratches, missing parts and/or perfect paint and alignment, shiny chrome, fancy wheels etc.
Title: Re: Bangernomics question.
Post by: STEMO on 14 December 2021, 20:35:03
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? :-[


One that has no distinguishing features from 10 feet away. Those features could be dents, rust, scratches, missing parts and/or perfect paint and alignment, shiny chrome, fancy wheels etc.

You can see the Mercedes badge from 10 foot, though  :(
 ;D
Title: Re: Bangernomics question.
Post by: ronnyd on 14 December 2021, 20:56:02
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? :-[


One that has no distinguishing features from 10 feet away. Those features could be dents, rust, scratches, missing parts and/or perfect paint and alignment, shiny chrome, fancy wheels etc.
Thanks for that Nick :y
Title: Re: Bangernomics question.
Post by: STEMO on 14 December 2021, 21:04:35
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? :-[


One that has no distinguishing features from 10 feet away. Those features could be dents, rust, scratches, missing parts and/or perfect paint and alignment, shiny chrome, fancy wheels etc.
Thanks for that Nick :y
It makes no sense, really, people tend to get closer than ten foot when buying a car.
Title: Re: Bangernomics question.
Post by: STEMO on 14 December 2021, 21:08:55
My car is a fifty footer, btw  ;D
Title: Re: Bangernomics question.
Post by: Nick W on 14 December 2021, 21:22:12


One that has no distinguishing features from 10 feet away. Those features could be dents, rust, scratches, missing parts and/or perfect paint and alignment, shiny chrome, fancy wheels etc.
Thanks for that Nick :y
It makes no sense, really, people tend to get closer than ten foot when buying a car.


Really?


So you've never driven 100miles, looked at the prospective buy and driven away without even getting out of the car? That was thirty years ago and the car was a Fiat 131.


The same day we had looked at the first candidate on arrival and the close inspection showed that the ten foot inspection was a true and accurate representation of the rest of the car: it was the cheapest example we could find, but was still massively over priced. Mk1 Golf GTi.


I've done it the other way too; made a proper inspection of a car that looked far better than it had a right to. That's based on advice given to me years ago by an antique dealer friend: when you see recent refinishing you must ask yourself What are they trying to hide?
Title: Re: Bangernomics question.
Post by: Nick W on 14 December 2021, 21:27:19
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? :-[


One that has no distinguishing features from 10 feet away. Those features could be dents, rust, scratches, missing parts and/or perfect paint and alignment, shiny chrome, fancy wheels etc.

You can see the Mercedes badge from 10 foot, though  :(
 ;D


I wouldn't have even gone to look at a Mercedes. The ten footer designation could equally be described as your initial gut feeling about the car. House. Dog. Bar. Whatever.
Title: Re: Bangernomics question.
Post by: Doctor Gollum on 14 December 2021, 22:34:03
Looks decent from 10 feet away...

Significantly better than a fifty footer. In the dark. But not as nice as a garage queen.

Basically it's presentable but look closely and it is not perfect.
Title: Re: Bangernomics question.
Post by: Field Marshal Dr. Opti on 15 December 2021, 13:04:48


One that has no distinguishing features from 10 feet away. Those features could be dents, rust, scratches, missing parts and/or perfect paint and alignment, shiny chrome, fancy wheels etc.
Thanks for that Nick :y
It makes no sense, really, people tend to get closer than ten foot when buying a car.


Really?


So you've never driven 100miles, looked at the prospective buy and driven away without even getting out of the car? That was thirty years ago and the car was a Fiat 131.


The same day we had looked at the first candidate on arrival and the close inspection showed that the ten foot inspection was a true and accurate representation of the rest of the car: it was the cheapest example we could find, but was still massively over priced. Mk1 Golf GTi.


I've done it the other way too; made a proper inspection of a car that looked far better than it had a right to. That's based on advice given to me years ago by an antique dealer friend: when you see recent refinishing you must ask yourself What are they trying to hide?

My old dad had the model before the 131 Mirafiori.

It was the 125S which came with a 1600cc twin cam engine 5 speed box and 100 BHP. Not bad for 1970. :y
Title: Re: Bangernomics question.
Post by: Nick W on 15 December 2021, 13:22:20


Really?


So you've never driven 100miles, looked at the prospective buy and driven away without even getting out of the car? That was thirty years ago and the car was a Fiat 131.


The same day we had looked at the first candidate on arrival and the close inspection showed that the ten foot inspection was a true and accurate representation of the rest of the car: it was the cheapest example we could find, but was still massively over priced. Mk1 Golf GTi.


I've done it the other way too; made a proper inspection of a car that looked far better than it had a right to. That's based on advice given to me years ago by an antique dealer friend: when you see recent refinishing you must ask yourself What are they trying to hide?

My old dad had the model before the 131 Mirafiori.

It was the 125S which came with a 1600cc twin cam engine 5 speed box and 100 BHP. Not bad for 1970. :y


This was a sport: 2 door, 2 litre, faded black paint and red velour, no floors. We could see the remains hanging below the sills from 10 feet away. That was in Guildford.


The Golf was in Bexley, and looked rough. It sounded worse, even allowing for it only running on 3 cylinders.


I don't remember why Ian didn't buy the car in Croydon, which suggests that it was just poor ::)
Title: Re: Bangernomics question.
Post by: Doctor Gollum on 15 December 2021, 16:40:47
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? :-[


One that has no distinguishing features from 10 feet away. Those features could be dents, rust, scratches, missing parts and/or perfect paint and alignment, shiny chrome, fancy wheels etc.

You can see the Mercedes badge from 10 foot, though  :(
 ;D


I wouldn't have even gone to look at a Mercedes. The ten footer designation could equally be described as your initial gut feeling about the car. House. Dog. Bar. Whatever.
To be fair, you would only be looking at a particular car if someone had asked you or you were interested in buying it.

Seeing one driving down the road and thinking 'that looks tidy for a...' is a reasonable application of the 10ft test and it also serves as the first impression before a more detailed inspection.

Expectations should be set by the price point and MoT history before deciding to look at a potential purchase.