> I have recently seen a spit for sale that was asking $10,000 and now
> another asking $14,300. A local car is asking $7000. Not long ago I
> turned down the best spit I have ever seen that was asking $5500 because I
> thought that was too much. My son has a 72 that is nearly perfect except
> paint. If he spent $3000 on paint he would not have anything near $5000 in
> the car. I don't think any spit is worth $14300. Am I wrong, are prices
> going up?
Depends on how much you spent on it. A friend went through a Spit
restauration that cost him about $13000 in parts plus 1 year of time.
Obviously, that is car you never want to sell because you spend far
more than the market value. But also, it is a car that is now better
than when it left yhe factory (galvanized frame, all SS exhaust and
SS screws everywhere, updated suspension, leather interior etc.).
If you are forced to sell a car like this it is only naturally to ask
as much as possible.
In fact I know of somebody who spent close to $23000 on his Spit
and actually sold it for $14000. (This was in Germany though where
the pricelevel is a bit higher. Early original MKIV 100% cars yield
about $9000.)
My $ 0.02 worth.
Marcus
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