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lordkarma88

Rusty Fairlady for $28k?

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Seller mentions "natural patina on paint".  It appears that patina was applied to the hood by a large immovable object.

Dennis

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11 hours ago, lordkarma88 said:

 

Is there really anyone out there that will pay $28k for a rust bucket like this?

 

https://losangeles.craigslist.org/wst/cto/6775162227.html

 

I wouldn't necessarily call it a "rust bucket". I've seen a lot, lot, LOT worse and it is still eminently restoreable. It has rust in the floors for sure, but it still looks structurally sound and relatively good in some areas. I'm currently rebuilding something that started out far worse. Certainly wouldn't frighten off anyone who is used to serious repair. That tow bar and fender mirror/door mirror combo will elicit some throwaway lines from the peanut gallery, but this car looks like it could be a bit of a diamond-in-the rough to me. 

The asking price may well be a little high (probably a good strategy for the vendor), but what do you value it at? I would be willing to bet that it sells for more than your valuation. Let's hear it.

Here's a current market reference point for you:  https://page.auctions.yahoo.co.jp/jp/auction/g317504338?fbclid=IwAR2i0nT_GnctmANNPj4kbi65FzHPxYZzAPCdMjw150LGMIV1426zIwZxjtg

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How much I value it at? Woa, things just got personal.
But I honestly have no idea... If it were a series 1 in that condition, I'd say maybe $10k? But it's a fairlady, so an extra $5k? As you can see, I don't have a clue... But $28k still seems a lot to me
And you're right, it's not a rust bucket. Perhaps "oxidation kettle" would be more fitting?

Sent from my OP 3T using Classic Zcar Club mobile

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1 hour ago, lordkarma88 said:

How much I value it at? Woa, things just got personal.

Yup, that's how value often works.  A buyer would have the choice of driving it like it is or making it a rather involved project car.  As a project car, taking on a righthand drive Z in the US would add to the fun/drama.  Much would depend on the restoration skills of the buyer, how much work would have to be "farmed" out, the depth of the budget, or all three.  It's easy to look at the pictures of the car and realize that if you you were willing to pour $50,000 into it's restoration, you could end up with a very nice $25,000 Z.

So, the value?  For me maybe $5,000 as a daily driver novelty (unusable at drive-up bank ATMs or fast food pick-up windows) if it really is structurally solid and mechanically sound with just paint patina.

Dennis

 

 

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2 hours ago, lordkarma88 said:

How much I value it at? Woa, things just got personal.

If it were a series 1 in that condition, I'd say maybe $10k? But it's a fairlady, so an extra $5k? As you can see, I don't have a clue... But $28k still seems a lot to me emoji16.png

I think it got 'personal' when you started the thread with your "rust bucket" comment. I didn't think you'd be scared of differing opinions though?  

You say "if it were a series 1...". You think it doesn't qualify for that soubriquet? Why can't it be a "Series 1" and a Fairlady Z? Do the two things have to be mutually exclusive?

I'd say that this is probably a better car - structurally for sure - than the Fairlady Z-L which was bid up 20k USD on Bring A Trailer a couple of weeks ago. If local people don't want them/don't know what they are looking at, then they'll probably end up being sold for export.

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Interesting car. Not in terrible shape and the hood can be easily replaced. The tow bar is a throw away and the patina can be left or fixed as desired. I would say as a rare right hand drive car, it holds a certain appeal for many. Not my cup of tea, but I would say it sells for close to $12,500. The completeness of the car is a big selling feature.

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I think it got 'personal' when you started the thread with your "rust bucket" comment. I didn't think you'd be scared of differing opinions though?  

You say "if it were a series 1...". You think it doesn't qualify for that soubriquet? Why can't it be a "Series 1" and a Fairlady Z? Do the two things have to be mutually exclusive?

All good, you're right I shouldn't have called it a rust bucket. And I didn't mean to say it couldn't be a series 1 fairlady, sorry for the misunderstanding.

So how much would you value it at?

 

Sent from my OP 3T using Classic Zcar Club mobile

 

 

 

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23 minutes ago, psdenno said:

It's easy to look at the pictures of the car and realize that if you you were willing to pour $50,000 into it's restoration, you could end up with a very nice $25,000 Z.

 

So you think a fully restored car that just had 50k USD spent on it is only worth 25k USD? Point me at 'em. I'll take three.

 

30 minutes ago, psdenno said:

(unusable at drive-up bank ATMs or fast food pick-up windows)

Ha Ha! Deal breaker!

Personally I leave that kind of stuff to my butler.  

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4 minutes ago, lordkarma88 said:

So how much would you value it at?

I reckon there's a good possibility of a sale as-is in the range of 18k to 20k USD or more if recent interest is anything to go on.

It needs a lot of work and some rare parts for a 100% factory-correct restoration, but there's no imperative for such a car to be bone stock and it's a great candidate for a Japanese home market style period-modified project. I believe there are a fair few people looking for such a blank canvas these days. If it were priced around 15k USD or so it would almost be a no-brainer purchase for export.

The 5k USD comment further up-thread is just trolling.

 

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I would be very surprised if it went for closer to $20,000 USD. Not that I don’t believe it’s worth what someone is willing to pay, as much as I personally could not imagine paying that much for a blank canvas.
In any case, I hope it gets purchased and restored.

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16 minutes ago, HS30-H said:

So you think a fully restored car that just had 50k USD spent on it is only worth 25k USD? Point me at 'em. I'll take three.

Sorry, I don't have three.  But I do have one (not a Z) parked in my garage.  It was a very good buy at less than 50¢ for every dollar the previous owner spent as evidenced by the folder of receipts that accompanied the car at time of sale.  It happens.  😀

Dennis

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42 minutes ago, HS30-H said:

So you think a fully restored car that just had 50k USD spent on it is only worth 25k USD? Point me at 'em. I'll take three.

 

Ha Ha! Deal breaker!

Personally I leave that kind of stuff to my butler.  

 

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56 minutes ago, psdenno said:

Sorry, I don't have three.  But I do have one (not a Z) parked in my garage.  It was a very good buy at less than 50¢ for every dollar the previous owner spent as evidenced by the folder of receipts that accompanied the car at time of sale.  It happens.  😀

 

Key point in bold above. We are talking about a 1970 S30 Fairlady Z-L here, not anything else. And if the car in question was to have your quoted 50k USD spent in bringing it back to very presentable condition then I think your 'valuation' of 25k USD would be, er, unenlightened to say the least. 

And I don't think it would even require 50k USD to make a nice car out of it anyway. Everybody knows we can get into negative equity with these cars (I'm no different), but that's for a future restoring owner to worry about, isn't it? Early S30 and S30-S Fairlady Zs are changing hands for more than their contemporary build date HLS30Us (they pretty much always have done...) so for anybody who actually desires one - that will be people who have legs that can hold them up whilst they lean against the wall at the ATM and the indoor counter of their preferred fast food supplier - the market price is what they will usually have to pay. My observation is that the market price is still rising.  

   

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Too bad it's on craigslist.  Probably never find out what it goes for or even if it sells.  Maybe somebody could contact the seller and tell him to put it on BAT.

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1 hour ago, hiyabrad said:

Vin is: S3002241

Unless I miss something, that's a pretty low number car. The RHD thing would be an issue for me, but it could be a very nice car for the right buyer. Would be interesting to know what it sells for. BaT might be a good option for it.

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On 12/19/2018 at 4:13 AM, HS30-H said:

I'd say that this is probably a better car - structurally for sure - than the Fairlady Z-L which was bid up 20k USD on Bring A Trailer a couple of weeks ago. If local people don't want them/don't know what they are looking at, then they'll probably end up being sold for export.

I saw that Bring a Trailer car in San Francisco a few times when I visited and I told Yan I'd value it at $20,000 AUD a few years ago even though I could see rust poking out of it in the sills, rockers and doors.

RHD cars are just far fewer in numbers and home market cars are just that bit rarer again.

For the car in question in this thread it also has a few rare parts fitted and is a rare colour for the home market. Not to mention an early build.

To me it's worth it all day long. But I often see value in things differently to others.

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1 hour ago, lonetreesteve said:

The car ended up selling on eBay for $37,750.00 on Christmas day.

https://www.ebay.com/itm/1970-Datsun-Z-Series-Fairlady-240Z/163439575664?

On the same page is 8445.  Shouldn't it be a Fairlady, with right hand wheel, since it was bought in Okinawa?  Or did they sell them configured for export?  Just asking, don't know...  Buy it now $25,200.

https://www.ebay.com/itm/1970-Datsun-Z-Series-/264108787269?oid=163439575664

https://www.ebay.com/itm/1970-Datsun-Z-Series/264108787269?hash=item3d7e1c4645:g:U~MAAOSwVMJcJ5ix:rk:1:pf:0&vxp=mtr

Edited by Zed Head

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