• Hello there guest and Welcome to The #1 Classic Mustang forum!
    To gain full access you must Register. Registration is free and it takes only a few moments to complete.
    Already a member? Login here then!

Hard decision to make

68EFIvert

68EFIvert

Well-Known Member
I took the Mustang out to Cars and Coffee this morning and had a great time. Met some nice people and was approached by a guy who wanted to buy Mustang. I wasn’t really prepared for that but have been thinking about selling it for a year now. I was kinda thinking $60k but her offered $50k. I think I could counter offer at $55 and he would take it.

I have had the car for 15 years and rebuilt everything on it but rarely drive it. It has under 3,500 miles on it. If I sound it I would likely but a car I would use more. Maybe a 911 or a Land Rover Defender?

What do you guys think? Do you ever regret selling a car you built?


Sent from my iPhone using Tapatalk
 
Last edited:
That's a pretty serious offer. Good luck with your decision!

Sounds like he's 20% below your "wanting" price but you feel you could get him to buy at ~10% of what you had in mind. Most sellers would take that (not sure about Mark Sellers)...

Allen
 
It's a good offer. I can only assume how much you have put into it but we all know how that story goes. If you've had unprovoked thought about selling prior then I think you should sell if the guy is legit. You'd be hard pressed to find another buyer with the means on your own which would require a broker who's help comes at a sizable cost.

Be honest with yourself about the car's value. You created a beautiful, high quality car but its still a niche custom. Convertibles are not at the top of the demand list which really limits the buyer pool. A sales effort could take some time if you elected to take it out to market. This would seem like a bird in the hand kinda moment, honestly.

Besides, you focus has shifted to the coupe project now it would seem the timing is right. Good luck!
 
You’ll always regret it but if your interest has changed then sell it. I echo Terry in finding another buyer with that kinda cash.


Sent from my iPhone using Tapatalk
 
How much longer until this bubble bursts? Is the economy at its highest point or can it continue to grow? It is all related, the economy tanks so does the value or liquidity of buyers. But that is really not the point. Once you sell it is gone forever. Could you make another? Would you want to make another? Take the 911 to cars and coffee and maybe someone will talk to you, with the Discovery you will be asked to park across the street. :p Then you can go and admire the other cars there. But I think the bottom line is how much emotional attachment do you have to the Mustang?

fd
 
Thanks for the input guys. I actually mistyped the Discovery. I meant to write Defender. I am really leaning towards selling the car. I will take it out for a nice long drive today and see how I feel after that.

I have been looking online for the past day to look at cars that I would want. Most of what I want has an asking price almost double what the sale would be for. I am not gonna do that.


Sent from my iPhone using Tapatalk
 
If you sold it, banked the cash and hit a Barrett Jackson or similar auction down the road you could likely find what you want at a steep discount that that $50k just might cover. Was watching yesterday and saw some "supercar" types or European badged rides go for pennies on the original purchase dollar.

I am always amazed by some of the sales prices on cars at those things. Cars you know people sunk 6 figures into that hammer in the 30's or so. That's why I do everything in my power to do myself. Keeps the investment in the range I might not lose my arse. But I'm OK with someone else getting those great buys when they can.
 
I'd say you like to build. That's great. There are others out there who like to drive, then others who just love the car show part of it. Sell the car since as Fordude mentions the economy is good and buyers are out there.
Go buy another to build. I think you would get excited again...now just what direction to go with it???
As for that itch for a everyday car....hey that's what loans are for.
 
Sell the car; get something else that tickles your fancy (not necessarily a car), such as a mistress, a timeshare, or a very nice vacation somewhere. That's an outstanding price, do not turn it down.
 
Come on Randy. He would only be getting $55k....a mistress would cost him a whole lot more. :D
 
Sell it. I've been toying with selling both of mine and would if I had a walk up buyer. Echoed again...hard to "run across" a cash buyer like that.
 
Well I sold the car. It involved a bit more stock in the deal than I originally thought and a little less cash. I settled for $25k in cash and 102,000 shares of the private company valued at $.80 per share. There is quite a bit of hope in the deal that it will work out in the long run but I am ok even if it doesn’t come public in the next couple years. They feel it will bring about $3.00 per share when it finally does go public.

It it works out I will come out on top. If it falls apart I get my $25k and a couple years of hope. With the upside potential I will risk the cash. $25k won’t make a big difference in my life but $300k will give me big smile.

What is the phrase? Nothing ventured nothing gained.


Sent from my iPhone using Tapatalk
 
No kidding. My gut tells me I will more than likely regret this decision down the road. Oh well, nothing ventured nothing gained.

I am now searching for the next car. Not interested in another project this time. Something I can just drive and enjoy. I am leaning towards a 2007-20010 Porsche 911 Turbo with a manual transmission. They seem to be flat lines on prices so depreciation should be minimal but really fun to drive.


Sent from my iPhone using Tapatalk
 
Hopefully the deal works out for you. Your car was amazing!

You still have the Volvo, that will be an awesome ride when it's done.

Sent from my moto x4 using Tapatalk
 
You must log in or register to reply here.
Back
Top