Quote:
Originally Posted by Got the Bug
... Now that price issue has been discussed, is there anything else that can be done to support your fellow ERA owner and help him sell his car?
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Well, although I'm the only current ERA owner, Buckley, Steve and I have attempted to do that. Lower it, change the carpet and tires but realize that the market has been telling you to
reprice it. Sexy pictures and Curt Scott will only catch a fool, not a home-work studied buyer. Bill, as an experienced pro, is surely entitled to ignore that advice-but he
did ask for it.
Cashburn is totally correct-wrong car to flip and worse yet, bought 'wrong' (too high) for that purpose.
If the car had: the Griffin/ERA aluminum radiator, Wilwood big front brakes, Tilton/ERA brake masters, Billboards or Avons and probably a black wool/leather interior instead of tan, the car could be considered 'good value' at 45K. The powertrain alone cannot support that ask price. The advert does not specify any of these so I conclude the car does not have these later ERA upgrades. Bill's specified a 'non-race' car aimed at the lawn chair and tour buyers-which is fine-but they've shown they'd need this kind of content at Bill's price point. I'd venture that Billboards alone would bring more interest but Bill's made clear he's not going to sink another K into an already too costly car.
In my business, we had an expression to die for: "A good out". If we bought something too high and market conditions turned against us, to free up capital and turn to a better play, we sold at a loss. The trick being to sell at
the least possible loss. That was "a good out."
Bill doesn't have to listen to any of us-the market has been telling him what to do. I just don't think he can accomplish the zero loss transaction he desires-but I surely wish him luck.
Uncle Sammy taught me that "There's an ass for every seat..."