Quote:
Originally Posted by ricks234
Now of course, this is new price for all these modifications (which I didn't pay), but this totals $10,000, and that's excluding all of the race preparation. I realize street value for used parts is less, but I figured a 6.5K valuation on the chassis, and 6k in parts was more than fair
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I don't know about the chassis price - that might be fair or not, but the aftermarket price parts? Very rarely do you get more than fifty cents on the dollar for used parts (on stuff that is in demand and NLA, you might do better), and rarely more than eighty cents on the dollar for unused parts. And for damaged (but repairable) parts? Well, if they can be fixed for less than half the cost of the new part, then your damaged part is worth about 10% of new. If they can't be fixed, they aren't worth anything.
This is one of my beefs in the larger picture, with hotrods and highly-modded cars. The folks that put the parts on want top dollar for the stuff, even though it's almost universal that mod parts get about fifty cents on the dollar, and that the cost to have them installed about zero cents on the dollar, unless it was done by a shop with a national, stellar reputation.
A closer valuation on all your parts is about $4 -4.5k.