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Thinking of selling my Z... advice?


mimregi

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I don't want to sell it, but the thought has crossed my mind lately. I don't want to get too much into it (because I may cry), but essentially it boils down to this: we just moved and I have nowhere to work on the car, I'm a bit further from work than where I wanted to be and, quite frankly, gas is KILLING me (it is my daily driver). I am not quite sure yet if I am going to sell it, but someone at work approached me about it and it got me thinking... if I sell it now, I can almost certainly make a profit, buy something cheap to beat around for a year or two until we buy a house and then buy back in later (promising myself I will get a '72 before too long makes the whole idea much more palatable). OK, preamble aside...

IF I sell the car, what do you all think would be a fair price? Check out my gallery here:

http://www.classiczcars.com/photopost/showgallery.php?cat=500&ppuser=8707

The car is obviously in great shape. There is no rust anywhere on the car that I have found, the interior and extreior body panels are rust-proofed, the paint is near perfect, the interior is in wonderful shape (the carpets are a kit but a fairly good one). Mechanically, it is wonderful... starts right up, one crank, every time.

The minutia: it does need some very little things -- I would loike to have a body person tweak the doors, hatch and hood (they are ever so slightly off), and the seals could stand to be re-done. The car takes on a very minimal amount of water when it rains hard (one of the pics shows the extra strip of rubber I silicon'd in to compensate for the doors hanging just off). It does not have AC (non-existant, not inoperable). There is a hint of a gas smell -- I am convinced that it is a combination of the rear hatch seal and the fact that the webers run very rich (if I do keep the car, I will eventually restore the original SUs, re-seal the hatch and get a tip for the exhaust which I feel certain will eliminate the odor). Those are the biggest things -- a handful of other small things persist (the driver's window is a bit sticky, I hate the shift knob and have not gotten around to re-ordering one, etc.), but ultimatel, the car is wonderful.

NADA prices the car at about 8k mid and 12.5k high retail. I feel like the car easily qualifies for high retail or more. What do you folks think? If you were me and considering selling the car, what would you ask for? If you were in the market to buy it, what would you offer? Hell, make me an offer =) Certainly, there is a price point beneath which it just snt worth selling the car...

so sad.. thoughts?

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I don't want to sell it, but the thought has crossed my mind lately. I don't want to get too much into it (because I may cry), but essentially it boils down to this: we just moved and I have nowhere to work on the car, I'm a bit further from work than where I wanted to be and, quite frankly, gas is KILLING me (it is my daily driver). I am not quite sure yet if I am going to sell it, but someone at work approached me about it and it got me thinking... if I sell it now, I can almost certainly make a profit, buy something cheap to beat around for a year or two until we buy a house and then buy back in later (promising myself I will get a '72 before too long makes the whole idea much more palatable). OK, preamble aside...

Dude, are you high? (Kidding..well, sorta. Actually, no.)

Seriously, I can't believe I just saw "sell the Z" and "buy something cheap to beat around..." in one sentence! I totally respect the whole "gas is killing me" thing, because even though I commute 4 miles to work everyday it still cuts into the rainy day fund. Why not just buy a beater? Get an old 4-door Civic for $3000 and stash the Z! Shoot, you could keep it on "temporary loan" at my house if I weren't three states away!

Looked at your gallery, and the car looks great. Really, top shelf preservation. (Mild personal critique follows) I prefer the chrome bumpers and the diamond vinyl, and some polished SUs would look suh-weet in that engine bay. BTW, where did you get those hoses? I like the whole steel braided look...

Don't do something permanent (sell that car) while you are in a temporary situation (apartment, etc.) You may very well regret it every time you set foot in that ol' beater you sold the Z for...

$0.02,

Steve

PS: Personally, based on the pics and East Coast market I would not go below $9500, and I would shoot for $10.5-11 if the underside matches the topside.

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Considering the time, effort and $$$ it took to get your present in this shape starting over might be more expensive overall...at least your current ride is in really good condition and you know everything going on with it...you don't know what you'll find with the next one...I'm with xray on this, if you can maybe hold on to it for that little while...once you buy that house it may be difficult to keep that self-promise...good luck with it...

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man, I would sell my house to have the one u have! it is obvious tht u spent time, money and energy into it, it dosnt mke a sense that u'll buy a nother one later, coz the mantinnce thing is kind of a relation between a person and his car, if u r satisfide with urs now, I dont think that u'll have a big chance to be satisfide with a nother one so fast!

but a cheap car with a 1.6L engine and store the angle;)

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Got another suggestion for ya...

If you're using it as a daily driver, I'll bet you have quite a bit of insurance on it, yes? Why not buy some POS to run around town in to save on gas (old Honda or Toyota comes to mind), and take your Z OFF regular insurance and put it on COLLECOR CAR INSURANCE (Hagerty's is what I have). The money you'll save on insurance alone, over a couple of years will pay for that POS commuter AND you'll still get to keep AND DRIVE your Z! I'm dead serious. When I found out how cheap it was to insure a collector car, that's what finalized me getting my Z (after YEARS of regretting getting rid of my 260Z!). If you love your Z, and it sounds like you do, my advice is dont sell it, there are other answers.

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Got another suggestion for ya...

If you're using it as a daily driver, I'll bet you have quite a bit of insurance on it, yes? Why not buy some POS to run around town in to save on gas (old Honda or Toyota comes to mind), and take your Z OFF regular insurance and put it on COLLECOR CAR INSURANCE (Hagerty's is what I have). The money you'll save on insurance alone, over a couple of years will pay for that POS commuter AND you'll still get to keep AND DRIVE your Z! I'm dead serious. When I found out how cheap it was to insure a collector car, that's what finalized me getting my Z (after YEARS of regretting getting rid of my 260Z!). If you love your Z, and it sounds like you do, my advice is dont sell it, there are other answers.

This is interesting, can I get a collector car rider on my regular auto insurance or is Hagerty's a specialty provider?

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This is interesting, can I get a collector car rider on my regular auto insurance or is Hagerty's a specialty provider?

Hagerty is a specialty provider. I have their insurance on my Z and my 320. There are certain restrictions on how the car can be used. You can't drive to work or to school on a regular basis, etc. You must have a non collector car also on a regular policy with a regular insurance company in order to have their in order to have Hagerty's insurance on your collector car or cars. It's bascally for pleasure driving, shows, etc. Some of the major companies offer collector car insurance but it is usually through some subsidiary of theirs and after comparison, I came to the conlcusion that Hagerty is the best of it's type at least for me.

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Stephen Blakeley: "Hagerty is a specialty provider. I have their insurance on my Z and my 320. There are certain restrictions on how the car can be used. You can't drive to work or to school on a regular basis, etc. You must have a non collector car also on a regular policy with a regular insurance company in order to have their in order to have Hagerty's insurance on your collector car or cars. It's bascally for pleasure driving, shows, etc. Some of the major companies offer collector car insurance but it is usually through some subsidiary of theirs and after comparison, I came to the conlcusion that Hagerty is the best of it's type at least for me."

Correct me if I am wrong, but don't you also have to have the car in a secure weather-proof facility, i.e., locked garage? That may pose some problems if you are renting an apartment or something similar...

Just don't sell the Z...

S

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wow... you guys are are making me want to cry =-)

Tough to keep thinking about it in the face of all the advice. Economically, if this guy at work makes a solid offer, I may not be able to say no... but you definitely have me leaning away from actually posting it or persuing the sale.

We'll see... if I do decide to sell it (I would stand to make a healthy profit I think), I will post it here first, I would hate for it to go to someone who wouldnt appreciate it.

Thanks =)

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Correct me if I am wrong, but don't you also have to have the car in a secure weather-proof facility, i.e., locked garage? That may pose some problems if you are renting an apartment or something similar...

Just don't sell the Z...

S

I have Hagerty on my Z and yes, a secure locking storage (garage) is a requirement. You also need to have a full time - insured daily driver car for every licensed driver in the house before you can get the collector status too. But the upside is that there is no mileage limit (i checked and double checked on that - even confirmed that a cross country drive is still considered a pleasure ride as long as I have my daily driver), AND it's seriously inexpensive. I valued my Z at $4K and the premium is only $100/yr. with BETTER coverage than I have on my DD. BTW, I pay more than that every month to insure my daily driver. FWIW, I dont think that Hagerty stipulates that it needs to be YOUR garage (attached or otherwise on your property), so a rental garage might suffice. With the money you'd save in insuring a boring little 4dr. sedan as your DD, it might just cover renting a little garage space too. Hey, where there's a will, there's a way.

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Thanks, Ricklandia, I was going to answer xray until I read your post. I forgot to mention the garage thing. I guess I kind of took that for granted. I believe that is was Sleepy-Z who mentioned a 12 mile commute? I don't know which company he has his collector insurance through but with Hagerty, you can't use your car to commute.

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As for the market price of a nice 240Z, I have seen a couple of very nice ones sell for $13K and $19.5K recently. That being said, I personally think you should keep it, as I don't think you'll end up saving very much on gas costs by switching to a different car, as you would really need to get some very, very high mpg in order to really save any significant $$$. Finally, while you may make some profit on the car you sell now, you will definately lose it and end up paying more when you 'buy back in'.

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Thanks, Ricklandia, I was going to answer xray until I read your post. I forgot to mention the garage thing. I guess I kind of took that for granted. I believe that is was Sleepy-Z who mentioned a 12 mile commute? I don't know which company he has his collector insurance through but with Hagerty, you can't use your car to commute.

Yea, they told me not to "commute" in it, but I only do it 2 days a week mostly b/c I wash and wax it every week at work and want to give it a good drive every couple of days. If I get in an accident, I was simply taking it to work to clean it for a show. The insurance company didn't seem to care what I was doing with it just as long as I keep the miles below the limit, if anything its safer at work then in my drive way at home. BTW my advice is to keep it somehow, my dad has a photo album of his old cars that I look at when I think of selling my any of my Z's, lets just say he almost cries when he looks at them and watches barrett-jackson to see how much some sell for today. If you know who your selling it to will take care of it and possibly sell it back to you one day that may be different but just keep it, you only live life once(as far as I know).

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  • 4 weeks later...

After much deliberation and a few new bits of news at home, I have decide with a heavy heart to do it...

http://www.classiczcars.com/classifieds/showproduct.php?product=733&sort=1&cat=1&page=1

If anyone is interested or knows anyone that might be, drop me a line. I hate losing the car, but it is necessary atm, so any help would be appreciated =-)

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After much deliberation and a few new bits of news at home, I have decide with a heavy heart to do it...

http://www.classiczcars.com/classifieds/showproduct.php?product=733&sort=1&cat=1&page=1

If anyone is interested or knows anyone that might be, drop me a line. I hate losing the car, but it is necessary atm, so any help would be appreciated =-)

If you have to sell it I think your asking price is right on the money for the condition your car is in.

You may not sell it as quick as you want, but someone will definatly buy it. I would not drop the price at all. Anyone who has spent any time restoring a z knows they will eventually spend the same amount if not more to get a cr in that good of shape.

good luck,

Mark

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Appearantly you made your decision !!!! I see you car in the Classified adds !!! Nice car !!!! You are the only one that knows what is best for you in your situation !!!! WOW that was fast I just went over to browse ZCAR.COM classified and low and behold your Z is posted there too !!!! Is it on ebay yet ????

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I appreciate the support on the price. The only thing that pushed me over the edge to sell it was getting full value for it -- I am not trying to "get rid of it" so getting much less than what I am asking... well, I'd rather keep it =) When the worst case scenario is a beutiful car, life could be worse! Besides, anyone who is willing to pay what it's worth will apprciate it and take care of it, and that makes the hurt less ;)

And no, I haven't posted it to e-bay just yet. I figure I would go the free route with some enthusiast sites, take it to the local z-club meet (next week I think) and see if I get a nibble before going to e-bay. I am prepared for it to take some time to find the right buyer, and I'm not positive a 10 day e-bay auction will get me what I want (for those of you that watch the e-bay auctions, do the cars that list that high tend to sell?).

I will be back... oh yes, I will be back ;)

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I can't imagine anyone is vouching for "MR KELVIN"?

Yeah... this sounds legit:

-----Original Message-----

From: [email protected]

Date: Tue, 4 Oct 2005 03:57:44

To:[email protected]

Subject: Reply to your ZCAR.COM Classified Ad

Thank you for using ZCAR.COM's Classified Ads!

Following is the response to your '1973 240z -- Outstanding Condition' listing, posted through our website:

Information about inquiring person:

Name: MR KELVIN

Email: q_aguns20052yahoo.com

===================================================

Hello Dear Seller,

I am MR KELVIN by name,Interested in your above mentioned item for sale.Kindly mail me back with the asking price,The current condition,The pics if available and the mode of payment will be through Certified Cheque.Kindly get back to me asap...

Cheers!!!

MR KELVIN

===================================================

To reply to this message please click on 'Reply' button in your email program.

===================================================

.

For further reading:

http://www.cbsnews.com/stories/2003/12/05/eveningnews/consumer/main587162.shtml

http://www.joewein.de/sw/419-unitrust-coma.htm

I'd love to pull a p-p-powerbook on this guy...

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