I have a chance to buy a couple really cheap 4.6 stangs that have been wrecked. Im wanting to get them, add new bumpers, hoods, ect or whatever needed, but not factory. Then paint them something that sets then apart from the rest, and throw a nice set of rims on them, and re sell em. Where is the cheapest place to buy aftermarket hoods, bumpers, spoilers, etc. Opionons needed here, would this be a good idea? Got any paint ideas? One is a 2001 black gt, i thought about leaving the front black and having it fade into a silver. Advice please!
cheapest place to buy
- Thread starter projectfiveo
- Start date
02nightmaregt
To hell with your Mustang, I want to see your HOG!
With that paint job people would assume that it has been hot rodded, thus been beat on and not worth as much.
In this economy I would not recommend it. A salvage or rebuilt title can take 40% of the value of a car. Then you spend no less than $1000-1500 in paint and wheels/tires assuming you do the paint yourself. In Kansas you would have to pay sales tax, personal property tax, and registration if you are an individual. you really have no room for profit, unless you are going to a wreck auction, but even then you would make more by buying two cars and building one and then selling parts off the leftovers or the second car. I just don't see you turning a good profit in this economy, not enough profit to justify the energy and time you put into it. Just an opinion.
If you want to fix one or both of them up as drivers for yourself, thats one thing....but if you're doing this to make money....don't. You'll never get half the time, work or value in most cases that you'll need to sink into them in order to make your money back.
So....$2,000 for the cars.....possibly $2,000 or more in work needed to replace/straiten the body panels...and that's assuming there isn't any structural damage to the car. Add several hundred more to paint said panels….several hundred more yet (minimum) to paint the whole car if needed, add another $800-$1,200 for a set of fancy wheels and tires....then take into account if their "wrecked" status was noted by the insurance company, that it cuts their actual resale value (regardless if they've been fixed or not) in about half.
Tack on the cost of advertising them, the down time you have letting them sit, waiting to be sold losing further value still and the haggling with every ass hat that wants to take a Mustang for a test drive, then lowball you on the price afterwards...and that's even assuming they're even a serious buyer to begin with.
It's more of an endeavour than I'd want to take on.
Tack on the cost of advertising them, the down time you have letting them sit, waiting to be sold losing further value still and the haggling with every ass hat that wants to take a Mustang for a test drive, then lowball you on the price afterwards...and that's even assuming they're even a serious buyer to begin with.
It's more of an endeavour than I'd want to take on.
