Do mods increase the price of a car?
Jun 27, 2011, 03:38 PM
#1
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Do mods increase the price of a car?
If I buy a used evo-x, should mods increase the price of the car, or not really change it at all? Mods in question are volk te-37s, hks hipermax 3, etc.
Jun 27, 2011, 05:27 PM
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The price of the car will increase as you're effectively buying the car and the parts. But those parts aren't new so you shouldn't be paying very much over the cost of a standard car.
Jun 27, 2011, 05:36 PM
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I would go with "No" they do not increase the price of a car only because your taking the risk of buying it off him and it blowing up in your face. But if say the evo is a 800 whp evo that's a different story. I guess it's all in relation to the mods but IMO bolt-ons and below should be the bonus, anything after is subject to making it more.
Jun 27, 2011, 05:41 PM
#5
Not at all!!
Unfortunately it doesn't add value at all unless your selling to the 1% of the people that might know anything about the car and pay above retail. If they have to get a loan the bank will not give any more money than what the current value is. We all think it does but it doesn't. Now if yourr selling the car to someone with unlimited cash then maybe. Don't hold your breath.
Jun 27, 2011, 05:46 PM
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they shouldnt... but most people who sell cars think they should justify how much they spend on their mods, give a list and price, plus labor... and bump the car over blue book.
most cars probably arent even at good blue book value. so i certainly wouldnt buy something thats priced much more than a grand over that.
thats pretty much how i sold my last car. i looked at blue book and said, sure, 1k more. but it also had all stock parts, different turbo, intercooler, 2 exhausts, ect ect. the person could have sold parts and made money really.
i imagine that someone with te's would try to be tacking on 3g to the price.
most cars probably arent even at good blue book value. so i certainly wouldnt buy something thats priced much more than a grand over that.
thats pretty much how i sold my last car. i looked at blue book and said, sure, 1k more. but it also had all stock parts, different turbo, intercooler, 2 exhausts, ect ect. the person could have sold parts and made money really.
i imagine that someone with te's would try to be tacking on 3g to the price.
Jun 27, 2011, 07:56 PM
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Unfortunately it doesn't add value at all unless your selling to the 1% of the people that might know anything about the car and pay above retail. If they have to get a loan the bank will not give any more money than what the current value is. We all think it does but it doesn't. Now if yourr selling the car to someone with unlimited cash then maybe. Don't hold your breath.
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Jun 27, 2011, 08:04 PM
#8
I mean, would I expect to pay a little extra for volks? Yea but not 3k worth. But most mods don't add any value.. Coilovers and wheels though are a little bit different TO ME. I would rather buy a car with volks instead of rotas because it means the original owner didn't cheap out on anything so he probably took care of the car, in my opinion..
