Quote:
Originally Posted by Unholy986
Tell me this, if I do sink $2K into it, worst case and it doesn't run as should, how hard would it be to get $2K back out of it?
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It really depends on the total cost of the list of items that need repair.
Worst case: if the car needs a replacement engine, replacement transmission, and complete suspension refresh, the total repair bill could be over $10K which means that the car is worth close to $0 as it sits.
Best case: All it needs is a CPS replacement and you got a nice $6K car for a little over $2K.
Or anywhere in between those two extremes.
But regardless of what it needs, you could probably sell it to a salvage yard for $2K so there might be a bit of a safety net built into the deal.
I will say that its rare for a seller to not install a $100 part that he already has that would instantly increase the value of the car that he's selling by $3K-$4K. Is he completely stupid or lying? I would tend to vote for lying because I don't think that anyone is that stupid, but I could be wrong.
Bottom line: It's a roll of the dice.
Do ya feel lucky? ...
