best way to convert "well loved" spec C into cash
 

what is the best way for me to get money for my motor?

my loan is paid off in december, and i have my eye on an RS4... i have thoroughly enjoyed the scooby... only perhaps a little too much :lol1:

i wouldn't feel comfortable offloading it to somebody unless they were extremely mechanically inclined... let's just call it a 'fixer upper' :lol1:

problems:

it has been in two impacts (both below 10mph) ... caused by old biddies. one didn't put her handbrake on right, and it rolled down a slope into the back of it, and the other blind pensioner T-boned me just when she was pulling out from a junction. both fixed by insurance, had to import a new enkei wheel.

i smacked a kerb with the front wheel coming down a steep hill in the snow.

i had a big oil leak from a harsh landing. pipe got fixed.

the ?chassis rattles bad whenever you go over bumps in the road.

the steering is majorly sloppy.

the boost is faulty. it is mild and smooth, where it was once brutal and pulled like a train.

little bit a rust on bodywork.

back bumper and front splitter damaged.

and i blew the engine and had it rebuilt :lol1: good times.

i mean, no-one in their right mind would buy this, right? it could be a series of relatively easy fixes, but then again, it could well be uneconomically viable.

it has been to the garage a number of times with the sloppy steering complaint, to no avail "it's fine"... but it's not, and it keeps getting progressively worse, so i have kind of given up on that... tried three different garages too.

i'd imagine it would probably be for a breaking, though there is the guilt because it is a spec c.

i mean, it does drive, and if the steering/handling were fixed, it would be great fun again.

what would be my best bet? what could i get for this, cash-wise, and what approach would be best?


thanks.

it sounds fcked to me.
been crashed, has all sorts of knocks and bangs and the engine was blown up.
good luck you will need it after that description.

break it or sell it cheap.

CAn't fault his honesty :thumb:

Pics of said car may help.....

What year is it and how much would you take for it?

As a project / track car someone may well be interested at the right money.

i would never try sell it without disclosure, scumbag like.

and i wouldn't call it 'crashes' exactly. one at coasting pace, and one the other car hit it at picking off pace i.e. 1st gear.

i can arrange pics, though it looks rather unassuming. looks ok... small patch of rush, cracked bumper and splitter. as i said, the main faults are hidden from view.

2005 i believe. it was terminator X's car on here. don't know what i'd take for it, as i don't know what it is worth. was just looking for advice in the first instance, as my loan is nearly paid as i mentioned and i am free to get a new car.

the engine blew something to do with a cooling fault, not because i was red lining it.

Year, colour, miles and price please.

here it is, in pristine form... so innocent :lol1:

https://www.scoobynet.com/private-fo...-54-plate.html

miles now is 50k. rebuilt @ 40k-ish. i still drive it daily. not got a price in mind yet, too early for that... i still need it to commute.

Sock in the filler neck fella with a match lit :lol1:

You do realise the vultures will be circling with some kick in the balls offers now don't you :lol1:
You may want to empty the pm box

The car is worth 2 grand but as you seem like a nice chap I'll give you 3 grand cash for it :-)

I am interested in having a look at your Spec C.

When you had your 2 accidents, where any body panels replaced ?

Where exactly is the rust on the body ?

Any potential buyer will want to know how much you want for the Spec C. Can you please give a price for the Spec C.

I can't work out whether this is genius or stupidity. On the one hand it is the worst description of a car I have ever seen, on the other it is a very well disguised for sale ad :lol1:

Webuyanycar.com

....and tell them it's mint!

Well the previous ad is a good starting point.

£14,495 at just over 3 years old:

* It didn't seem to have sold quickly
* You know what price it went for eventually
* 5 years worth of wear and tear to take into account
* the honest comments re. what appears to need doing

JDM STi's are like gold dust, from some of the comments I've seen on here, and a Spec C as well.

That'll keep the price up.

The cost of putting right what might be wrong - and what else might be wrong in a buyer's mind - counterbalances that though.

I think you have to set a price that's attractive to someone who knows their cars and can work on them, and to be blunt refuse to budge too much.

I'm saying nothing but hopefully these comments will focus you on how to price it.

You need an enthusiast buyer I think.
As it says in the original ad - most know what a Spec C is.

If you chucked it on Ebay all you'd have is an ignoramus saying 'well there's one exactly like that for 4 grand less'.

GLWTS. :thumb:

I'd say £9k is a fair price.:thumb:

Between £7k to £9k depending on how badly someone wants it.

I really like those wheels, want them in that style at 18" but they're fook-me expensive.

£5.5K less than original asking price, 5 years ago, and with those declared 'issues'.............

...........BUT it is a Spec C (with apparently desirable wheels) after all.

I'd say that you should be closer to a decision.
Even closer if you test the water ;)

:thumb: :lol::lol:

It sounds like a £6k depending on condition of what is left with everything that been said.

I mean to put it context, its been ragged, bumped twice, both insurance claims, smacked into a curb which has undoubtly damaged the front suspension/steering rack, if that didnt the air bourneness and landing hard will have contributed (bottomed out no doubt), the engine blew which is quite hard to do with a newage 2.0 STI lump unless neglected, or obviously just unlucky. I need not continue any further.

That said, Im interested as it is maybe just what im looking for :D

Rob

But the engine's been rebuilt, only done 10k (?) since.
If the receipt's from a reputable or even renowned builder that elevates the price.

It's a conundrum isn't it?

A risk-taker (in the entrepreneurial sense) would look on it as a potential bargain.

Someone wanting to part with their hard-earned cash for their next car (upgrade) would probably think long and hard.

Decisions, decisions eh ?

Indeed, I agree with all you say, but I still remain to state that a newage STI lump are difficult to expire unless abused or your just unlucky, so regardless of the rebuild or not, the failed engine may have been contributed by the above, in which case, taking all the issues in post1 into consideration, the rebuilt engine may also be subject to abuse. I'm not saying it is, I'm just stating that the honestly of the post suggests the car hasn't been well looked after, or at least not a lot of sympathy has been used. Yes the issues have been addresses on all account, or at least attempted, but the fact remains its an insurance claimed x2 car that is still in need of TLC, even to the point the owner hasn't been successful in resolving.

Anyway,back to the op, send me a pm with pic, price and location please, and we'll take it from there if your serious about selling, as I'm bored of looking for another motor :D

Rob

You could try a free advert on ScoobyNet disguised as a question so you don't have to pay your £2.00 like the rest of us to advertise on here.

Oh, sorry, I see you already have.

at least it was more imaginative than the usual

"gauging interest" b0llocks

some interesting answers, thanks for some insight.

i didn't realise you need to pay for ads, rest assured when it goes up, i'll fork out the two quid :lol1:

the engine blowing was secondardy to something else failing. a water pump or something if i remember. the engine has been solid since the rebuild. JDM motorsports i think it was, not sure if they are still around, their site isn't up anymore as far as i can see.

it would be a few months away anyway, the loan i think ends in december... and i'm up in glasgow.

i tried webuyanycar when i blew the engine, and wasn't sure if i had the money to rebuild the engine. they offered 5k as a non-running car a few years ago. couldn't do it but... had to bring her back to life :D

:lol1: :lol1:

Why would you need to wait till the load ends?, or is it finance on be car?

My 2nd ever car back in the 90's was a loan job, had no issues moving it on as the loan isn't against the car, its against the borrower.

Rob

well, i'd imagine that it would be better going for another loan (for a new car) having fully repaid my current loan.

i can't be car-less, so i'd need a loan approved, in the bank and ready so i can buy a new car before i let the spec c go.

i'd need a 20k loan, i don't know if i'd be approved. my first car loan was 10k, this one was 15k... but if i couldn't get a 20k loan, i'd need the money from the spec c sale to subsidise a new car.

i'll check when the loan is up, and how much i owe.

Foooookin hell man ........a 20k loan for a car :cuckoo:
Doesn't anyone save up for cars anymore :confused:

Bit off topic like but how much interest do you have to pay back?....fooook that anyway

Assuming a reasonably favourable credit profile, a £20k loan on a car works out around £467 a month over four years. Much more affordable than blowing £20k outright IMO. The rate can be better if you've got an excellent profile but you'd need a 20% deposit at least.

The total cost of credit is just short of £2400.

There is quite a lot of opposition to finance on here by many, at the end of the day if you want something there and then and can afford it, what's the problem?

How times change.

We didn't have that much for our first house.

How can spending £22.4K be more affordable than spending £20K :confused: