Do you include upgraded kit when pricing your car to sell?
Discussion
Not thinking of selling the s2000 just yet - but interested to get opinions on this..
If you have spent significant money on upgrading a car (i.e 1k+ of audio equipment, expensive track wheels, a Mugen gear knob for example) - would you include that to some degree in how you priced it, knowing it would come up more expensive against comparative models, would you offer to let people have the car at a cheaper price conditional on you removing the kit and replacing OEM, , or do you you just suck it up and price it according to the market.
I suppose my point is - I could get 80 quid or so on Ebay for the Mugen gear knob in my car if I swapped it back out for the scruffy, scratched OEM one it came with, and the Focal bassbin behind the passenger seat would transfer nicely elsewhere, or sell for several hundred. So do you offer it with all the bells and whistles at a price higher than a similar car, or strip it and stay competitive?
If you have spent significant money on upgrading a car (i.e 1k+ of audio equipment, expensive track wheels, a Mugen gear knob for example) - would you include that to some degree in how you priced it, knowing it would come up more expensive against comparative models, would you offer to let people have the car at a cheaper price conditional on you removing the kit and replacing OEM, , or do you you just suck it up and price it according to the market.
I suppose my point is - I could get 80 quid or so on Ebay for the Mugen gear knob in my car if I swapped it back out for the scruffy, scratched OEM one it came with, and the Focal bassbin behind the passenger seat would transfer nicely elsewhere, or sell for several hundred. So do you offer it with all the bells and whistles at a price higher than a similar car, or strip it and stay competitive?
You never get back what you put in when you go to sell a car. I once had a guy ask for more for a car because he just put a new alternator on lol.
Your best plan to maximise money is to take the upgraded parts off and sell them on Ebay, there's always a market for that stuff. Your car will still be worth what it's worth with the standard parts refitted.
Your best plan to maximise money is to take the upgraded parts off and sell them on Ebay, there's always a market for that stuff. Your car will still be worth what it's worth with the standard parts refitted.
SpaceGhost said:
You never get back what you put in when you go to sell a car. I once had a guy ask for more for a car because he just put a new alternator on lol.
Your best plan to maximise money is to take the upgraded parts off and sell them on Ebay, there's always a market for that stuff. Your car will still be worth what it's worth with the standard parts refitted.
Yes of course - I would never expect the full amount spent of course - I guess what I am asking is whether it makes more sense for your wallet, and also how competitive the price you would let it go for, to strip a car back out to the bare bones as much as possible where feasible, or are there enough buyers who have sense to see that you are offering it at a higher price because you have spent money making it significantly better. Your best plan to maximise money is to take the upgraded parts off and sell them on Ebay, there's always a market for that stuff. Your car will still be worth what it's worth with the standard parts refitted.
It'll depend on the car, but generally I would expect a tastefully modified car to sell for the price of a standard one.
Of course, if putting it back to standard means make a disproportionate effort (and/or you could have sold the car in the meantime if you did that), or the reason the modified parts were added is that the originals were knackered, it might be worth it to take the standard price and leave it at that.
But in most cases, you'll make the most out of a car if you sell it as standard and sell the bits on separately, even though you still won't get the full price of the modifications back.
That said, it's not a 'one size fits all' approach and I can imagine that it wouldn't be worth the effort for many cars.
Of course, if putting it back to standard means make a disproportionate effort (and/or you could have sold the car in the meantime if you did that), or the reason the modified parts were added is that the originals were knackered, it might be worth it to take the standard price and leave it at that.
But in most cases, you'll make the most out of a car if you sell it as standard and sell the bits on separately, even though you still won't get the full price of the modifications back.
That said, it's not a 'one size fits all' approach and I can imagine that it wouldn't be worth the effort for many cars.
I would pay extra for a car with the correct mods all ready and done as I know I'd be making a saving in time and effort. When looking for DC2's they were always all put back to standard as they'd make back more money.
If I was looking for something run of the mill I'd be weary of any mods that I personally deemed unnecessary.
If I was looking for something run of the mill I'd be weary of any mods that I personally deemed unnecessary.
Personally, I wouldn't pay £80 more for a car with a Mugen gear knob over one without it, as I personally think that's crazy amounts to spend on a gear knob! Likewise if I was buying a car and it had subs installed, I would assume some 17 year old kid had spend his birthday money down Halfords and drives as such, thus looks after the car (or lack of) in a certain way. I'm not the only person who buys cars with this attitude, so personally you're better off taking that stuff out. Obviously replacement non-OEM parts as upgrades is a different story, but I certainly wouldn't want to pay any extra for an S2000 that has had £1k worth of audio equipment installed.
Riknos said:
Personally, I wouldn't pay £80 more for a car with a Mugen gear knob over one without it, as I personally think that's crazy amounts to spend on a gear knob! Likewise if I was buying a car and it had subs installed, I would assume some 17 year old kid had spend his birthday money down Halfords and drives as such, thus looks after the car (or lack of) in a certain way. I'm not the only person who buys cars with this attitude, so personally you're better off taking that stuff out. Obviously replacement non-OEM parts as upgrades is a different story, but I certainly wouldn't want to pay any extra for an S2000 that has had £1k worth of audio equipment installed.
Classic PH post. Well done. krunchkin said:
Riknos said:
Personally, I wouldn't pay £80 more for a car with a Mugen gear knob over one without it, as I personally think that's crazy amounts to spend on a gear knob! Likewise if I was buying a car and it had subs installed, I would assume some 17 year old kid had spend his birthday money down Halfords and drives as such, thus looks after the car (or lack of) in a certain way. I'm not the only person who buys cars with this attitude, so personally you're better off taking that stuff out. Obviously replacement non-OEM parts as upgrades is a different story, but I certainly wouldn't want to pay any extra for an S2000 that has had £1k worth of audio equipment installed.
Classic PH post. Well done. krunchkin said:
Riknos said:
Personally, I wouldn't pay £80 more for a car with a Mugen gear knob over one without it, as I personally think that's crazy amounts to spend on a gear knob! Likewise if I was buying a car and it had subs installed, I would assume some 17 year old kid had spend his birthday money down Halfords and drives as such, thus looks after the car (or lack of) in a certain way. I'm not the only person who buys cars with this attitude, so personally you're better off taking that stuff out. Obviously replacement non-OEM parts as upgrades is a different story, but I certainly wouldn't want to pay any extra for an S2000 that has had £1k worth of audio equipment installed.
Classic PH post. Well done. The extras you mentioned would make me run a mile.
Riknos said:
Classic PH response. You ask for opinions. You're going to get one you don't agree with. Others have said the same; you want to maximise the value, you're better off putting back to OEM and selling after market parts separately.
Agree with this^^ Not sure what the OP's problem is......
EddieFelson said:
Back to basic, having a modified car just reduces the number of potential buyers.
The irony is people will then buy it and potentially modify it themselves.
The irony is people will then buy it and potentially modify it themselves.
Indeed, I'm not adverse to the odd mod here and there, however when I buy a car I'd like it as original as possible.
Edited by g3org3y on Sunday 22 September 18:50
I think there may be exceptions though, if it was a car that had a known problem or weakness and the modification was a well known one, for example a land rover 110 with a 200tdi engine will normally be worth more than one with the original N/A or turbo engine or a puma with uprated front brakes but that also depends on the quality of the work done obviously.
I also think it would apply more to a car with a more focused following
I also think it would apply more to a car with a more focused following
g3org3y said:
EddieFelson said:
Back to basic, having a modified car just reduces the number of potential buyers.
The irony is people will then buy it and potentially modify it themselves.
The irony is people will then buy it and potentially modify it themselves.
Indeed, I'm adverse to the odd mod here and there, however when I buy a car I'd like it as original as possible.
If you took your car to a dealer with the mods still on it, most would value it less than a standard car. Most private buyers will be put off by the mods, and I would guess that very few people would be willing to pay any more.
As others have said put it back to standard and sell your bits on the bay.
As others have said put it back to standard and sell your bits on the bay.
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