Different Kits - resale

[Tenrocca]

What do we all think about the resale value of various kits?

Here is a list of what is on Carsales\unique carsales at the mo:

WA 2010 G-Force - $110000
NSW 2008??? Harrison - $79500
QLD 2002 Classic Revival - $76500
QLD 2009 BDM - $68500 (By design)
VIC 1997 DRB - $53000
QLD 2000 DRB - $53500
QLD 2000 DRB - $68000
QLD 1995 DRB - $45000
QLD1997 DRB - $59000
VIC 1988 DAX - $50000

A couple of things jump out:

Lots of DRB's for sale
Lots of QLD cars for sale
Has #7 only been around since 2008?
Newer generation kit (CR, Har, BDM) tends to = higher advertised price (or is it just the year?)
Older car = lower resale (obvious - but I wouldnt have thought it was as significant as it appears to be given a 2010 car looks much like a 2000)

Thoughts?

[spookypt]

"Has #7 only been around since 2008?"

Hmm, I seem to recollect owning that particular car well before 2008..And OzVenom may even remember owning that car before me!

Perhaps it only feels 3 years old!!

[Aussie Mike]

DRB is probably the most prolific kit in Australia so statistically there should be more changing hands.

The price on Carsales doesn't tell us what they are actually selling for, just what the seller is hoping for.

I think a lot of the prices by year may relate more to what it may have cost the owner to build the car. Back in the 90's you could build one and get it on the road for a lot less than you can now.

Cheers

[soulman]

[quote=Tenrocca;1114849]What do we all think about the resale value of various kits?

Here is a list of what is on Carsales\unique carsales at the mo:

WA 2010 G-Force - $110000


Hi Guys,

Is a G-force car worth that much ??

I know nothing about them, was considering selling my 1968 titled Arntz for that sort of money.

Soul.

[Tenrocca]

Does look a good build - That is unpainted too though, but only 1000km on the clock. Worth more without the stupid plates - "sik cobra"

[AC-460]

You all know there are Cobras and Cobras ....everyone builds their pride and joy but in the end if you are penny pinching when you build your car it will be reflected in the market value.... I dont think you can compare the brands for resale you have to look at the quality of the build and the dollars spent.....

[Andrew429]

I would guess that it's a turn-key job and the price is reflecting that,
It's going to be an expensive build once the paint, interior, bumpers etc. are sorted.
Tenrocca, couldn't agree with you more about the plates.

[Zedn]

Originally Posted by AC-460

You all know there are Cobras and Cobras ....everyone builds their pride and joy but in the end if you are penny pinching when you build your car it will be reflected in the market value.... I dont think you can compare the brands for resale you have to look at the quality of the build and the dollars spent.....

I totally agree. The variation in build quality, design and parts used will make a huge difference. For example if you build a great car but it is bright pink with yellow interior it is not going to appeal to many. But if its silver, black, blue etc with a black, or plain interior its going to be more desirable to people. Same with how it is built.

To be honest im not sure the actual brand of kit will make as much difference as the way it is build. Unless its one of those toyota crown jobs but thats a different story.

My dream car probably is not some one elses dream car. But thats the great thing about building your own car.

[boxhead]

When mine was on eBay last year, I did not even get an offer at the $50k start price.
2010 complied (in NT) Classic Revival, 5.7 gen III, 6 speed manual, no shiny paint.

I think alot will depend on currency climate.
Might be another couple of years before the market gets moving at higher prices again.

But then again, maybe mine is a $hit fighter?
Since it cost so little to build.............

IMHO Throwing money at something, doesnt always make it beter.

[LoBelly]

I recently had a couple of blokes ring me to discuss cobra's and values.

One was looking to buy, the other - a workshop owner - looking to build to sell.

Neither were in the Cobra 'scene'

In the case of the one looking to buy I think the brand did make a difference, he was looking at a Robnell which IMHO would qualify as a premium cobra in the Australian market. Even though the kit was a bit older (1988/82k from memory) it was not that much more than a lot of cars priced like the ones mentioned above - but looked to be in great condition. We talked about various kits but the guy (who had/has a number of portia) knew of Robnell and had a positive impression of them.

The build to sell guy was asking questions like "What could I get for ...." / "What if it had..." / "How much does it cost to..."
It was almost as if he'd just realised that if you bought a kit and could get 65K for it (there were few priced under that amt at the time) and it cost you less than that to build (expected to spend about 40-45k) then you'd make money (!) And he could do it.

I said to him that educated buyers would have an idea about the comparitive starting price of the kits/brands and that unless he could establish himself as a premium builder he'd have trouble over coming that starting point in terms of resale value compared to others available at the time - I think this is true.

(that is not to say that an expensive base kit always turns into a valuable car)

LoBelly

[Rotty]

I think the BDM is actually the guys DRB. I was in the workshop (which is either gone or moved now) a while back and this looks very much like the one he had inside...in front of his DRB540. As an aside, has anyone got a BDM Cobra on the road?

[ptrefry]

Doesnt it boil down to what the buyer is willing to pay ???

[Gav]

Yep, I agree.
It is definitly a buyers market. The quality would need to be high in order to draw big dollars.

[Towmaster]

BDM is a separate builder. He had the matte black racecar at the nationals last year. Had an F250 with goose neck trailer there too. Gary Hall is his name, same sort of aluminum chassis as 540. He is racing in our A series this year.

[Wazza]

Originally Posted by Towmaster

BDM is a separate builder. He had the matte black racecar at the nationals last year. Had an F250 with goose neck trailer there too. Gary Hall is his name, same sort of aluminum chassis as 540. He is racing in our A series this year.

This is Garry's race Cobra...



i.e. BY DESIGN MOTORSPORTS ( BDM )...


Should be quick as he gets more time behind the wheel......430 rwhp/weighs about 950 k.g.


None registered as yet....as far as I know !


Cheers,
Warren...

[spookypt]

I think there are 2 rego d Wazza. ??? But could be wrong.. Often am!