Buying a hot rod air-cooled 911
Discussion
I appreciate this is a well worn path and and all but would be grateful for some input in respect of how to correctly value a hot-rodded air-cooled 911 for purchase purposes. By hot-rodded, I mean one with a significantly upgraded engine, a sound gearbox, boxster brakes and with bilstein's all round. This is a perfect example of the kind of thing I mean.
http://www.ddk-online.com/phpBB2/viewtopic.php?f=2...
Its got a 3.2 twin-spark Nick FullJames Redtek special in it which I believe would cost you approx £25-30k to fully replicate, has sound bodywork and sorted suspension. However its not a matching numbers car, nor is it a long-hood conversion. If you tried to commission that car yourself (or say bought a 964 and paid someone like Redtek or RSR Engineering to take the engine out to 3.8 with approx 320bhp), do people agree it would cost you easily the £80k asking price when factoring all the associated knock on costs?
I dont want to buy a car which when it comes to re-sale is a nightmare to sell on. I personally appreciate that a Redtek engine and sorted car is a great thing but would the general buying market?
Thoughts re how to approach buying/valuing this kind of car and the general market for them? Personally I believe it should be strong as provided its been done well, the car will be a bloody hoot to drive. However when it comes to selling, its not my opinion that will count!
Thanks
Tom
http://www.ddk-online.com/phpBB2/viewtopic.php?f=2...
Its got a 3.2 twin-spark Nick FullJames Redtek special in it which I believe would cost you approx £25-30k to fully replicate, has sound bodywork and sorted suspension. However its not a matching numbers car, nor is it a long-hood conversion. If you tried to commission that car yourself (or say bought a 964 and paid someone like Redtek or RSR Engineering to take the engine out to 3.8 with approx 320bhp), do people agree it would cost you easily the £80k asking price when factoring all the associated knock on costs?
I dont want to buy a car which when it comes to re-sale is a nightmare to sell on. I personally appreciate that a Redtek engine and sorted car is a great thing but would the general buying market?
Thoughts re how to approach buying/valuing this kind of car and the general market for them? Personally I believe it should be strong as provided its been done well, the car will be a bloody hoot to drive. However when it comes to selling, its not my opinion that will count!
Thanks
Tom
Edited by skullcandy on Friday 24th August 19:23
Something that interests me too though I am in very early days of looking at these cars/understanding which specialists you need to know about in a good way and bad way. Regardless of that though You need to go into this eyes wide open....if you were to build a car like this you should expect to lose money...if a car is at or close to the build cost why not get one built to your exact spec ? That’s what most people would do. So unless you get very lucky these cars need to be priced at a discount to build cost.
The other things to note are that a lot of specialists dealers won’t touch modified cars or only if they’re very cheap and selling a car for £80k is very,very difficult.
Personally I think if I was going to buy a car like this/get one built I’d be going to the likes of Tuthilll or Autofarm....they have excellent reputations and are more likely to be able to help you shift a car if you ever wanted to sell it. I am sure there more expensive to buy from but I reckon it would be easier to sell a car built by them than the one advertsised.
The other things to note are that a lot of specialists dealers won’t touch modified cars or only if they’re very cheap and selling a car for £80k is very,very difficult.
Personally I think if I was going to buy a car like this/get one built I’d be going to the likes of Tuthilll or Autofarm....they have excellent reputations and are more likely to be able to help you shift a car if you ever wanted to sell it. I am sure there more expensive to buy from but I reckon it would be easier to sell a car built by them than the one advertsised.
Thats way too much , had a major wobble last yr and almost sold mine for £49k , a 278 hp 1120 kilo modded 3.2 , had lots of interest and offers..
I would rather my mate Richards old car , properly sorted over many years of development..
https://www.pistonheads.com/classifieds/used-cars/...
I would rather my mate Richards old car , properly sorted over many years of development..
https://www.pistonheads.com/classifieds/used-cars/...
Edited by Longman66 on Friday 24th August 20:46
You would need to go into a purchase like this with your eyes wide open. There is always the possibility that a modded car, such as this, will give you years of problem-free motoring and heaps of great memories. However, there’s also the possibility that you may shell out a small fortune perpetually keeping the car running.
I’ll give you an example. A very good friend of mine bought a beautiful classic Mercedes a number of years ago. It had been extensively rebuilt. The engine, gearbox, electrics and bodywork had all been reworked. It looked the business and had also featured in one of the Merc magazines the year before the purchase. The car cost my friend a considerable sum. About a month after getting it home the problems began. The wiring loom needed replacing, the rust started poking through, various trim parts started becoming unstuck and the engine needed vast amounts of care. He has now paid approximately the same amount of money on repairing the thing as he paid to buy it. Yes, it looked great in the magazine feature and when he first viewed the car, but you simply won’t know the quality of any work done.
As has been stated above I would stick to companies with a strong reputation, such as Autofarm. Restomods are becoming increasingly popular as original air cooled cars are priced beyond the reach of many of us. But this means that we need to be increasingly careful about buying such cars.
And then there’s the resale value. Put simply, you won’t get back what you pay for it. If this isn’t an issue then fine - and I personally try not to let this get in the way of a fun car purchase. But unless you’re purchasing a Singer or Autofarm rebuild cars such as this won’t be an investment.
I’ll give you an example. A very good friend of mine bought a beautiful classic Mercedes a number of years ago. It had been extensively rebuilt. The engine, gearbox, electrics and bodywork had all been reworked. It looked the business and had also featured in one of the Merc magazines the year before the purchase. The car cost my friend a considerable sum. About a month after getting it home the problems began. The wiring loom needed replacing, the rust started poking through, various trim parts started becoming unstuck and the engine needed vast amounts of care. He has now paid approximately the same amount of money on repairing the thing as he paid to buy it. Yes, it looked great in the magazine feature and when he first viewed the car, but you simply won’t know the quality of any work done.
As has been stated above I would stick to companies with a strong reputation, such as Autofarm. Restomods are becoming increasingly popular as original air cooled cars are priced beyond the reach of many of us. But this means that we need to be increasingly careful about buying such cars.
And then there’s the resale value. Put simply, you won’t get back what you pay for it. If this isn’t an issue then fine - and I personally try not to let this get in the way of a fun car purchase. But unless you’re purchasing a Singer or Autofarm rebuild cars such as this won’t be an investment.
Thanks for the thoughts peeps. Even the PHer with the Tuthill one referred to above had to take a real bath on his so how much of the doom and gloom is economy related I wonder? Should one even mention the word "bubble"?
That £55k one looks like it would be a mare to sell: very non standard looking
That £55k one looks like it would be a mare to sell: very non standard looking
I think the really good cars are still making proper money. Not as much as they were but still pretty good.
People have become a little more discerning with what they choose to buy.
So the average to poor stuff is taking a hit because that is what they are. Crap like a lot of stuff that goes through the auction houses.
Chat with Nick.
He is a very nice guy and see if you can work a deal out.
People have become a little more discerning with what they choose to buy.
So the average to poor stuff is taking a hit because that is what they are. Crap like a lot of stuff that goes through the auction houses.
Chat with Nick.
He is a very nice guy and see if you can work a deal out.
The yellow 964 has more inherent value for me but I would have to get rid of that silly race spec motor
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