Might have to sell the mustang... What should i ask for it?
#1
Might have to sell the mustang... What should i ask for it?
So basically me and wife are about to take the step on selling the mustang... Yeah I know...so my doubt is what should I ask for it? It has a 400 miles new 306 crate motor from summit forged internals edelbrock rpm intake Holley 600 cfm. C4 new from tci tranny with manual valve body, TCI stall 6000. Subframe connectors. 9inch ford with moser 5 lug axels. Weld wheels. It has a 6 point cage. Interior is like new. Paint is in great shape but hatch is from another fox and white doesn't match perfectly. I'm sure I'm forgetting tons but you get the idea. Also suspension eibach drag lunch spring kit with bags. Coil over adjustable 8way. Front is tubular. Etc. thanks guys
#2
So basically me and wife are about to take the step on selling the mustang... Yeah I know...so my doubt is what should I ask for it? It has a 400 miles new 306 crate motor from summit forged internals edelbrock rpm intake Holley 600 cfm. C4 new from tci tranny with manual valve body, TCI stall 6000. Subframe connectors. 9inch ford with moser 5 lug axels. Weld wheels. It has a 6 point cage. Interior is like new. Paint is in great shape but hatch is from another fox and white doesn't match perfectly. I'm sure I'm forgetting tons but you get the idea. Also suspension eibach drag lunch spring kit with bags. Coil over adjustable 8way. Front is tubular. Etc. thanks guys
#4
What would it be worth stock?
Now... can you reasonably figure out how much your mods add or subtract from that value? Then you can set a price.
Finding a buyer might be the harder part. Someone has to want a modded Mustang like you've done. And no two people are alike on the mods they'd do.
That's why there's no replies to speak of... that highly modded a Mustang can't have a 'set' price. The buyer may show eventually for the price you want... or may never show, because nobody wants to pay your price for the thing. It's a touchy call, like TheMuffinMan says, and nobody wants to be wrong or a black hat on this.
So... what will you bottom line for it? I'll give you $500 for it right now. But you won't take that. So... what will you take?
Now add a few percent to that... there's your asking price. Now you have a negotiable item, and maybe somewhere in the middle you'll get more than what you'd bottom line take... providing there's a buyer, of course.
And that's all on you, buddy. Nobody else can do that for ya.
Wishin' you luck on the sale.
Now... can you reasonably figure out how much your mods add or subtract from that value? Then you can set a price.
Finding a buyer might be the harder part. Someone has to want a modded Mustang like you've done. And no two people are alike on the mods they'd do.
That's why there's no replies to speak of... that highly modded a Mustang can't have a 'set' price. The buyer may show eventually for the price you want... or may never show, because nobody wants to pay your price for the thing. It's a touchy call, like TheMuffinMan says, and nobody wants to be wrong or a black hat on this.
So... what will you bottom line for it? I'll give you $500 for it right now. But you won't take that. So... what will you take?
Now add a few percent to that... there's your asking price. Now you have a negotiable item, and maybe somewhere in the middle you'll get more than what you'd bottom line take... providing there's a buyer, of course.
And that's all on you, buddy. Nobody else can do that for ya.
Wishin' you luck on the sale.
Last edited by houtex; 3/1/13 at 09:28 PM.
#5
What makes it even more touchy is the fact that the parts you put in aren't new. I'd say find out what it is stock (like the person above me said) and then add up the price on all the mods you have done and add 1/4 of that price to the price of your car stock. In the end though don't expect to get nearly what you paid for the mods back. Most cases no one wants to buy a heavily modded vehicle that's why you really only see them at whole sale dealer ships going for a lot less then their stock counterparts.
#6
What makes it even more touchy is the fact that the parts you put in aren't new. I'd say find out what it is stock (like the person above me said) and then add up the price on all the mods you have done and add 1/4 of that price to the price of your car stock. In the end though don't expect to get nearly what you paid for the mods back. Most cases no one wants to buy a heavily modded vehicle that's why you really only see them at whole sale dealer ships going for a lot less then their stock counterparts.
#7
Gotta Have it Green Fanatic Official TMS Travel Guide
Joined: December 17, 2012
Posts: 2,256
Likes: 1,120
From: Western NC
Thats probably too high but there is certainly no harm in asking that price, right? If you do get some interest, great! If nothing after 7 - 10 days, then you know it is priced too high. Lower the price gradually until you hit that sweet spot when the phone starts ringing. Remember that this heavily modded car has a very limited buyer's market, generally a younger male demographic that has little cash on hand. Not only that problem to overcome but someone is going to have to love what you done with the car and be willing to pay for it. Sorry to be a 'downer' but I'm sure you want honest opinions. GLWS!
#8
But I bring a valid point on that, the buyer may be that sort of suspicious... and you shouldn't take it personally. Caveat Emptor is always *always* the rule of thumb with a preowned anything.
I've bought used stuff and had nary an issue... and I've bought used stuff and seriously had to just... let it go, because it was totally useless to my wallet.
So the fact it's new or not is pretty much a non-factor to a lot of people. That it has it is, and may or may not affect their acceptance of price.
As far as the asking price, well... if you get it sold quick, it was too low. If it takes forever, it's too high. If it takes a couple of weeks or a month or so? Probably about right...
And there's only one way to find that out.... put it out there and see. This be like fishing. Might have to change the bait if the first kind doesn't work. Perhaps they'll like the spoon instead of the worm...
#9
Suuuuure they are....
But I bring a valid point on that, the buyer may be that sort of suspicious... and you shouldn't take it personally. Caveat Emptor is always *always* the rule of thumb with a preowned anything.
I've bought used stuff and had nary an issue... and I've bought used stuff and seriously had to just... let it go, because it was totally useless to my wallet.
So the fact it's new or not is pretty much a non-factor to a lot of people. That it has it is, and may or may not affect their acceptance of price.
As far as the asking price, well... if you get it sold quick, it was too low. If it takes forever, it's too high. If it takes a couple of weeks or a month or so? Probably about right...
And there's only one way to find that out.... put it out there and see. This be like fishing. Might have to change the bait if the first kind doesn't work. Perhaps they'll like the spoon instead of the worm...
#10
Suuuuure they are....
But I bring a valid point on that, the buyer may be that sort of suspicious... and you shouldn't take it personally. Caveat Emptor is always *always* the rule of thumb with a preowned anything.
I've bought used stuff and had nary an issue... and I've bought used stuff and seriously had to just... let it go, because it was totally useless to my wallet.
So the fact it's new or not is pretty much a non-factor to a lot of people. That it has it is, and may or may not affect their acceptance of price.
As far as the asking price, well... if you get it sold quick, it was too low. If it takes forever, it's too high. If it takes a couple of weeks or a month or so? Probably about right...
And there's only one way to find that out.... put it out there and see. This be like fishing. Might have to change the bait if the first kind doesn't work. Perhaps they'll like the spoon instead of the worm...
#11
what you put into and what you want and what you expect to get does not matter in the end. It is what people are willing to pay for it. It all depends on your area. people where I live want way to much but one state over they are pretty much on target. I am sure some areas they ask to little. I suggest look at ads for your area. craigslist and e-bay and you might get a better idea. Sorry to harsh you question but the reality of it all is we don't often get what we think it is worth. Good luck
#12
I'm selling my 5.0. Private owner. Just sits in garage. See link. My buddy put it up.
http://www.excellauto.com/pre-owned/
http://www.excellauto.com/pre-owned/
#13
A heavily modded car has two additional problems. If your prospective buyer doesn't have all his dollars in his pocket he is likely to have a tough time finding a lender who will front money for such a car. The other problem is that your prospective buyer may have an even more difficult time finding someone to insure it. Like the guys before me, I hate to pour on cold water, but your buyer's market is likely to be very thin. That obviously affects the price. GLWS
#14
I hate to say it but the market stinks for modded cars right now..... Unless you are giving it away, know what I mean..
IMO, your best bet is to try and network within your area. Car shows/meets, etc.. this way folks will see it live and you could deal on the spot..
When I sold my built fox (in 2006) it took 10 months before I got the right buyer, but I wasn't going to give it away, and theeconomy was in much better shape
GLWS !
IMO, your best bet is to try and network within your area. Car shows/meets, etc.. this way folks will see it live and you could deal on the spot..
When I sold my built fox (in 2006) it took 10 months before I got the right buyer, but I wasn't going to give it away, and theeconomy was in much better shape
GLWS !
#15
I hate to say it but the market stinks for modded cars right now..... Unless you are giving it away, know what I mean..
IMO, your best bet is to try and network within your area. Car shows/meets, etc.. this way folks will see it live and you could deal on the spot..
When I sold my built fox (in 2006) it took 10 months before I got the right buyer, but I wasn't going to give it away, and theeconomy was in much better shape
GLWS !
IMO, your best bet is to try and network within your area. Car shows/meets, etc.. this way folks will see it live and you could deal on the spot..
When I sold my built fox (in 2006) it took 10 months before I got the right buyer, but I wasn't going to give it away, and theeconomy was in much better shape
GLWS !
#16
Gotta Have it Green Fanatic Official TMS Travel Guide
Joined: December 17, 2012
Posts: 2,256
Likes: 1,120
From: Western NC
#17
Actually car still for sale. Apparently the market does suck for modded fox's. i know of a guy that saw one before mine and bought it then saw mine at a meet and was very very pissed off. He paid more because was recently painted but its slow as f.... Anyways yeah still up for sale...
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