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I'm not a person who would buy a mechanic's special used car, but I have one to sell. Do you have thoughts on how to price it?

The information I have is: - local dealer price for similar model and year (2 for sale near me) - a good maintenance and repair backlog estimate from my mechanic - a good idea of parts price to cover the backlog - a wildcard: electrical problem and I'm guessing 10 hrs and $500 for parts and building that into price consideration

The way I'm going right now is to work out a price such that a buyer might be able to pay themselves for repair work, buy parts, and have some room to make some money if they sell it afterwards. I am motivated to sell, but do not want to burn myself too badly. I do not have the appetite to correct this stuff before selling because there is some electrical risk in here that could go the wrong way financially.

I'm not a person who would buy a mechanic's special used car, but I have one to sell. Do you have thoughts on how to price it? The information I have is: - local dealer price for similar model and year (2 for sale near me) - a good maintenance and repair backlog estimate from my mechanic - a good idea of parts price to cover the backlog - a wildcard: electrical problem and I'm guessing 10 hrs and $500 for parts and building that into price consideration The way I'm going right now is to work out a price such that a buyer might be able to pay themselves for repair work, buy parts, and have some room to make some money if they sell it afterwards. I am motivated to sell, but do not want to burn myself too badly. I do not have the appetite to correct this stuff before selling because there is some electrical risk in here that could go the wrong way financially.

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[–] • 1 pt

In my area there are salvage yard that will pay a little more than a scrap yard because they basically run a legal chop shop.

[–] • 2 pts

Cool. I'm calling them all now. I think the first one must have been a recycled material / shredding operation. They were guessing something like $750. I'm aiming for 5-7k on sale.

But for parts? I could see that. It's a luxury car with expensive parts, not wrecked, mostly working. I don't know what that is worth to a place like you describe. I know it's a good business, but I'm sure they make it a good business by buying cars at the right price for them. We'll see.

[–] • 0 pt

5 to 7k for a mech special? It better be rare, classic, beautiful, or a car everyone wants.

5 to 7k gets you cars that run fine.

[–] • 0 pt (edited )

Read the OP. That backlog is about $6600 in electrical diagnostics for critters chewing up wire harnesses, behind the dashboard work, and the headlight assembly from hell. So there is not much value here. A guy could buy this at a better price for me, pay himself for labor, buy parts and still be able to make a profit.

It is not viable at shop rate, but a guy who fixes shit could make this work pretty well. Also my shop cannot fit salvage parts, so headlamp must be new.

It is a Lincoln. Never again a luxury car. Lol