Originally posted by MapOfTaziFoShoââ??¢:
Originally posted by Y2KSVT:
Originally posted by obicanobi0:
house modding > car modding any day of the week!



Very true!

Brand new car: $20,000.00
Mods: ~$15,000.00
Resale of the $35k I have into this car: ~$8,000.00

House: $XX,XXX.XX
House mods: 1/6th of purchase price of the house.
Resale of house: 150% of purchase price not even 3 years later.

Mark




You have 15k into your car...holy poop!

I THINK I am 15k in but including the cost of the car.



He bought it new I guess, like I did.

I figure the $23K for a new car is used up if you drive it for five good years and out of the warranty period. AFter that its just gravy if it runs good with low repair costs.

To figure out what the car Is worth you have to have some kind of standard measure. So I total up the costs of mods only since I do all my own labor, and then cut it in half and add it to the current value of the stock car to get a "fair" value on it.

I too have probably $15-18K into this car over the years to including stereo mods. That = 7500-8500. Then figure it is clean, has a lot of little creative extra mods that increase its value, and with only 61K miles on it making it a low mileage car, all that equates to a full $6500 value for the car itself.

Former owner of '99 CSVT - Silver #222/2760 356/334 wHP/TQ at 10psi on pump gas! See My Mods '05 Volvo S40 Turbo 5 AWD with 6spd, Passion Red '06 Mazda5 Touring, 5spd,MTX, Black