Of course, everyone knows parts are worth more seperately than the whole car is together...no new news there.
Yeah, the car might be "worth" $5000 as it sits, but where is the "deal" in that?
Anybody can just go out and buy anything for what its worth. Getting a deaql on it is what makes it so special.
Of course none of those parts are worth anything just sitting there rotting away.
$2500 cash that the seller has in is hand today is "worth" far more than a potential $5000 he may never get if the right buyer doesn't come along.
You can go just about anywhere and find probably any kind of rare project car you want at any time. Thay all have a high "potential" value, but that can only be reached if restored correctly. Other than that, its just an expensive, almost-nice old Mustang.
My wife's brother had a 69 428 SCJ 4-speed Mach 1 sitting in his garage from the day I met her (in 1985) until the day he sold the car for $5,000 last year.
He had it as a kid, wrecked it (damaged the fender and front suspension) and garaged it ever since. I offerd him $5,000 as it sits and then eventually $10,000 for it many, many times.
When he finally was willing to sell it to me, I cooled on it. Those cars have come down, they are not the $50,000 sure-things they used to be 15 years ago.
He struggled for a year to find a buyer, and I ended up putting him together with a buyer for it.
So for all his measly "waiting for the right buyer" bull and such, he ended up with $5000 for a car he stored for 25+ years in his garage, and then dumped it without getting one iota of enjoyment from it,. Big whoop.
So, for basically $16 a month, he let "someone else" store that car in his garage for 25 years.
Offer him a lowball and don't be surprised when he snaps it up![/u]