[DeTomaso] Selling my Pantera

[Will Kooiman]

Asking price is not a comparable.  For a comp, you need several comparable
*selling* prices.  A $79K buy-it-now on ebay does not establish a value.

I suspect that this could be messy with a low volume car.  Is a valid comp
$125K or $25K?

Sean - you are the only one that knows what you should do.  What does she
think it is worth?  If she thinks it is worth $80K, and you sell for $40K,
she might ask for her half of the other $40K.  If she thinks it is worth
$40K, then there is no financial reason to sell it.  You just have to come
up with $20K to keep it.

On 5/29/15, 6:48 PM, "Bill Moore" <bill at incendium.com> wrote:

>   "The reason a divorce costs so much is because it is worth it."
>
>   Cheers,
>   Bill Moore
>   Incendium Supply
>   Calgary
>
>   -------- Original message --------
>   From: Julian Kift <julian_kift at hotmail.com>
>   Date: 2015-05-29 2:18 PM (GMT-07:00)
>   To: "MikeLDrew at aol.com" <mikeldrew at aol.com>, jskeane6 at gmail.com, De
>   Tomaso List <detomaso at poca.com>
>   Subject: Re: [DeTomaso] Selling my Pantera
>   As much as Mike has never met anyone who didn't regret selling their
>   Pantera, I have equally never met anyone who regretted their divorce!
>   They might complain about how much it cost, but it just goes to show
>   money can buy your happiness!
>   There are two avenues; either it is worth $39,000 at best where one of
>   us should buy it quickly with a view to reselling it back to you once
>   the divorce is finalized >;) or, as many a divorce lawyer might argue
>   it's worth the same as whatever high point Pantera sold recently
>   ($125K?) in which case it's hers as part of the divorce settlement and
>   you go replace it with the money you saved!
>   Julian
>   Date: Fri, 29 May 2015 15:12:31 -0400
>   To: jskeane6 at gmail.com; detomaso at poca.com
>   Subject: Re: [DeTomaso] Selling my Pantera
>   From: detomaso at poca.com
>   In a message dated 5/28/15 20 31 47, jskeane6 at gmail.com writes:
>   >
>   > Due to an impending divorce, I'm thinking about selling my 1974
>   L-model.
>   >
>   >>>I wish you wouldn't.
>   First of all, I'm profoundly sorry to hear of the difficulties in your
>   personal life.   It can't be pleasant to have to consider such
>   things.
>   Although I've never experienced it myself, I've witnessed it far too
>   many times.
>   One bit of advice I can offer is that I have never, EVER seen somebody
>   in
>   your position who sold his Pantera because he thought he needed to, and
>   then
>   later didn't live to regret that decision.   To a man, every one I know
>   who
>   sold his Pantera because he thought he needed the money for something
>   else
>   (whatever it was), upon reflection decided that it was a big mistake,
>   that
>   the money could have come from elsewhere, or whatever it was needed for
>   wasn't
>   nearly as important as having the Pantera.   The Pantera is a rapidly
>   appreciating asset; financially you would be much better off
>   determining its
>   current value and then settling with cash based on that.
>   > >It's a pretty typical Pantera, in that it's not set up as a race car
>   > with a 427 in it or anything, but I've done a number of upgrades to
>   make
>   > it reliable. I live in Arizona, so I've upgraded the fans and
>   radiator
>   > (Ron Hall Racing aluminum radiator) which keeps the engine cool even
>   > when idling in the Arizona summer heat. I've also upgraded the
>   > alternator to a high-amp model, replaced the reciprocal York air
>   > conditioning compressor with a modern (and much more lightweight)
>   > centrifugal design, and put Aussie heads on the engine for better
>   > airflow. The interior was replaces about 10 years ago, and looks good
>   > although not factory fresh.
>   >
>   > I'm thinking about asking $39,000 for it. Is that realistic in
>   today's
>   > market?
>   >
>   >>>That is totally UN-realistic.   A nice, decent, solid Pantera is at
>   least a $65-70K proposition in today's overheated market.   While that
>   might not
>   be true tomorrow, it's certainly true today.
>   FWIW, in the last few months two PCNC members elected to sell their
>   cars
>   blindly, through dealers.   The first one sold his to a dealer for
>   $42.5K
>   (*less* than he paid for it a few years ago, and he subsequently spent
>   money on
>   it improving it).   The dealer flipped it in less than two weeks for
>   $72.5K.
>   DUH!!!
>   Now, this week, another PCNC member decided to sell his car without
>   contacting anybody in the club first.   I don't know what he sold it
>   for, but it
>   has been sold to a well-known Ferrari broker, who is actually looking
>   at it
>   right now.   A potential local buyer is planning on meeting him at the
>   car,
>   and there is a good chance that the car will be sold on the spot.   If
>   the
>   original seller had just contacted the club, the buyer would have been
>   sent
>   over there and a deal could have been done where the seller got more
>   money for
>   his car, and the buyer paid less.
>   Double-DUH!
>   If you are committed to selling your car, you're doing it the right
>   way,
>   reaching out to the community of current and would-be owners.   The
>   world is
>   small enough now that we don't need to rely on brokers and agents, who
>   collect large commissions for the work that they do.   I don't begrudge
>   them their
>   profit when they are doing a bunch of work to earn it, but in your
>   case,
>   it's unnecessary.
>   I do hope you'll reconsider selling it however.   If you just don't
>   like
>   the car anymore and want to be rid of it, that's one thing--in fact
>   that is
>   the ONLY reason you should be thinking of selling it.   Otherwise, do
>   whatever
>   it takes to keep it, even if it means short-term financial hardship.
>   In
>   the long run you will definitely be happier, not to mention the fact
>   that the
>   car will be worth substantially more if things continue as they have
>   been
>   recently.
>   And if you really, *really* want to sell the car, send me photos and
>   information, as I have a number of people looking for good cars at the
>   moment.
>   While most are interested in Pre-L cars, at least one is dedicated to a
>   good,
>   solid L-model.
>   But I'd prefer that he find and buy a car from somebody other than you.
>   :>)
>   Mike
>   _______________________________________________
>   Detomaso Forum Managed by POCA
>   Posted emails must not exceed 1.5 Megabytes
>   DeTomaso mailing list
>   DeTomaso at poca.com
>   http://poca.com/mailman/listinfo/detomaso_poca.com
>   To manage your subscription (change email address, unsubscribe, etc.)
>   use the links above.
>      As much as Mike has never met anyone who didn't regret selling their
>      Pantera, I have equally never met anyone who regretted their
>   divorce!
>      They might complain about how much it cost, but it just goes to show
>      money can buy your happiness!
>      There are two avenues; either it is worth $39,000 at best where one
>   of
>      us should buy it quickly with a view to reselling it back to you
>   once
>      the divorce is finalized >;) or, as many a divorce lawyer might
>   argue
>      it's worth the same as whatever high point Pantera sold recently
>      ($125K?) in which case it's hers as part of the divorce settlement
>   and
>      you go replace it with the money you saved!
>      Julian
>      Date: Fri, 29 May 2015 15:12:31 -0400
>      To: jskeane6 at gmail.com; detomaso at poca.com
>      Subject: Re: [DeTomaso] Selling my Pantera
>      From: detomaso at poca.com
>   In a message dated 5/28/15 20 31 47, jskeane6 at gmail.com writes:
>   >
>   > Due to an impending divorce, I'm thinking about selling my 1974
>   L-model.
>   >
>   >>>I wish you wouldn't.
>   First of all, I'm profoundly sorry to hear of the difficulties in your
>   personal life.   It can't be pleasant to have to consider such things.
>   Although I've never experienced it myself, I've witnessed it far too
>   many times.
>   One bit of advice I can offer is that I have never, EVER seen somebody
>   in
>   your position who sold his Pantera because he thought he needed to, and
>   then
>   later didn't live to regret that decision.   To a man, every one I know
>   who
>   sold his Pantera because he thought he needed the money for something
>   else
>   (whatever it was), upon reflection decided that it was a big mistake,
>   that
>   the money could have come from elsewhere, or whatever it was needed for
>   wasn't
>   nearly as important as having the Pantera.   The Pantera is a rapidly
>   appreciating asset; financially you would be much better off
>   determining its
>   current value and then settling with cash based on that.
>   > >It's a pretty typical Pantera, in that it's not set up as a race car
>   > with a 427 in it or anything, but I've done a number of upgrades to
>   make
>   > it reliable. I live in Arizona, so I've upgraded the fans and
>   radiator
>   > (Ron Hall Racing aluminum radiator) which keeps the engine cool even
>   > when idling in the Arizona summer heat. I've also upgraded the
>   > alternator to a high-amp model, replaced the reciprocal York air
>   > conditioning compressor with a modern (and much more lightweight)
>   > centrifugal design, and put Aussie heads on the engine for better
>   > airflow. The interior was replaces about 10 years ago, and looks good
>   > although not factory fresh.
>   >
>   > I'm thinking about asking $39,000 for it. Is that realistic in
>   today's
>   > market?
>   >
>   >>>That is totally UN-realistic.   A nice, decent, solid Pantera is at
>   least a $65-70K proposition in today's overheated market.   While that
>   might not
>   be true tomorrow, it's certainly true today.
>   FWIW, in the last few months two PCNC members elected to sell their
>   cars
>   blindly, through dealers.   The first one sold his to a dealer for
>   $42.5K
>   (*less* than he paid for it a few years ago, and he subsequently spent
>   money on
>   it improving it).   The dealer flipped it in less than two weeks for
>   $72.5K.
>   DUH!!!
>   Now, this week, another PCNC member decided to sell his car without
>   contacting anybody in the club first.   I don't know what he sold it
>   for, but it
>   has been sold to a well-known Ferrari broker, who is actually looking
>   at it
>   right now.   A potential local buyer is planning on meeting him at the
>   car,
>   and there is a good chance that the car will be sold on the spot.   If
>   the
>   original seller had just contacted the club, the buyer would have been
>   sent
>   over there and a deal could have been done where the seller got more
>   money for
>   his car, and the buyer paid less.
>   Double-DUH!
>   If you are committed to selling your car, you're doing it the right
>   way,
>   reaching out to the community of current and would-be owners.   The
>   world is
>   small enough now that we don't need to rely on brokers and agents, who
>   collect large commissions for the work that they do.   I don't begrudge
>   them the
>   ir
>   profit when they are doing a bunch of work to earn it, but in your
>   case,
>   it's unnecessary.
>   I do hope you'll reconsider selling it however.   If you just don't
>   like
>   the car anymore and want to be rid of it, that's one thing--in fact
>   that is
>   the ONLY reason you should be thinking of selling it.   Otherwise, do
>   whatever
>   it takes to keep it, even if it means short-term financial hardship.
>   In
>   the long run you will definitely be happier, not to mention the fact
>   that the
>   car will be worth substantially more if things continue as they have
>   been
>   recently.
>   And if you really, *really* want to sell the car, send me photos and
>   information, as I have a number of people looking for good cars at the
>   moment.
>   While most are interested in Pre-L cars, at least one is dedicated to a
>   good,
>   solid L-model.
>   But I'd prefer that he find and buy a car from somebody other than you.
>   :>)
>   Mike
>      _______________________________________________ Detomaso Forum
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