Mods & resale value.......

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Sep 3, 2004 | 11:25 AM

#21

sinorswim

Drifting

Joined: May 2003

Posts: 1,313

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From: Toronto

I only buy used and would not buy a modified vette, other than minor mods like exhaust.

When I bought my '01, I wanted one with original tires. Why would anybody change tires with less than 10,000 miles?

Sep 3, 2004 | 01:14 PM

#22

HummelS

Race Director

Joined: Aug 1999

Posts: 17,541

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From: Manhattan, KS Missing SoCal since 2005

Quote:

Originally Posted by Pewtavert

How about heads & cam?

In my experience, and I've helped quite a few people sell 'vettes in the last couple of years, serious mods like H&C greatly reduces the audience you're trying to sell to. And if you get $.20 on the dollar spent on the mods, you are doing well.

Sep 3, 2004 | 02:53 PM

#23

Laguna Blu

Thread Starter

Le Mans Master

Joined: Jun 2004

Posts: 7,155

Likes: 154

From: The Arid Sunny Desert

.20 on mods is better than taking a 20% hit off of the book value because the car is modded. This way I would still make out better than straight book.

Sep 3, 2004 | 08:43 PM

#24

TCW

Le Mans Master

Joined: Jan 2001

Posts: 6,449

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From: Maryville TN

St. Jude Donor '06-13,'16-'17, '19

Visual mods will KILL the resale value.

Tom

Sep 3, 2004 | 09:25 PM

#25

madeouttaglass

Le Mans Master

Joined: Jan 2003

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From: AKA Harvey Mushman-I know just enough to be dangerous "Those who sacrifice liberty for safety deserve neither"- B. Franklin

Senior Member

Cruise-In V Veteran

Quote:

Originally Posted by TCW

Visual mods will KILL the resale value.

Tom

Do you mean bolt on wings, tigershark fronts, tint? I recently put in chrome vert hoops from WCC and I can't believe how many positive comments I've gotten on them from both Vette people an non car enthusieists. I can see where front ends and hoods might make someone wonder if the car had been hit and needed the replacements, (I wonder that often with some of the custom C3s out there.).

Sep 3, 2004 | 09:34 PM

#26

C7cmnthru

Burning Brakes

Joined: Jan 2004

Posts: 1,009

Likes: 54

From: slower lower DE

have a couple of friends in car business who tell me most mods hurt resale value. For me, I try to limit mods to things that can be brought back to stock. Check our the forum - there have been a number of posts in the past from owners that had to take stuff off of their cars to get a decent trade. Even cat backs give dealers heart burn. As far a performance mods, minor ones don't bother me (exhaust, air intake, drilled rotors), but I would not buy a Vette that had major performance mods unless I knew the owner.

Sep 3, 2004 | 09:43 PM

#27

Blueyednd

Drifting

Joined: May 2002

Posts: 1,432

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From: Southeastern Louisiana

St. Jude Donor '05

When I was looking for the right C5, I was interested in either stock or modded. The 99 FRC I bought has about $16K in the motor/wheels/etc... but I only paid about $3K over book value for a stock 99 FRC. Also, I was able to talk to the original owner and follow the history of the car. It didn't hurt that the car was built at MTI, so I gave them a call too. For me, I got the car I wanted with the mods that I would have done and saved a bunch...

BUT, I recently sold my 85 that was pretty heavily modded and got my asking price within 2 days and all of my investment out...

It all depends on the buyer. There is a buyer for anything you have to sell. You just have to find that buyer.

Sep 4, 2004 | 12:37 AM

#28

Dukeblu

Cruising

Joined: Aug 2004

Posts: 14

Likes: 0

Depends on the buyer and need to sell

If you've got to sell a modified car in a hurry I would guess that the mods may drop the car's value some. However if a seller can be patient, the right buyer may be out there.

Personally I'm looking at buying a 98/99 CV in the winter and I don't want mods. I've seen too many LS1s on ebay that have significant mods that have rebuilt transmissions or replacement engines before 100k.