Fix a broken belt?

If the car is broken when you sell it, the value will be LESS than full value-repair ESTIMATE. The estimate does not cover all risk. The buyer covers his risk by lowering the price paid.

You fix the car and it does not have any diminished value, it is worth full price.

People in the biz pick up damaged cars and do the work themselves to make a little side money all the time. Ask Carreaper.

Erich

 

I would like to know what type of ferrari engine this is you are rebuilding for 15k? If its a 12, Ill take 2 please.

 

Ted Rutland ofTRutlands once told me my Boxer was worth around $250k if sold piece by piece.

 

Once repaired correctly, I do not think the car loses any value just because the repair was made.

 

It really doesn't work that way, the parts are very expensive in the case of an engine failure of this sort.......

My example: $30K car, when running.

Thrown belt, trashed engine, $12K part by part rebuild, or short block the darn thing via Trutlands, $8K + 2K labor....not much savings there.....

The fact is you'll HAVE to spend the bucks on repair to preserve your equity.

No one is gonna want a broken car. Lots of newbies think they can buy in that way.

$200 fuse blocks quickly school 'em.......

That's why so many wrecks and fire jobs end up as studio furniture!!!!

Save the chassis plate though.....

 

I've been told that more than once, by the dealer.

He was avoiding a Diminished Value discussion on a wreck, though.

But the fact remains, Ferraris are MEANT to be used differently than normal cars, so mishaps are not the tragedy some would have you believe.

An appraiser I once dealt with put it another way:

"This car is over 25 years old, you'd assume at SOME point in that length of time it would have damage, and repair!"

Now THAT is a real world prespective! LOL!

 

How does one disassemble a Ferrari and sell each part for nothing? How many man hours to disassemble? How do you sell the several thousand parts? Even on eBay you're going to spend money and time to turn it into cash.

Ken

 

It goes pretty fast, if you use a sawzall.....

 

Fix a broken belt?
Do it all the time on my Ferrari with a few staples and some duct tape.
I think I can make these 30 year old timing belts last another 15 or 20 years given enough staples.

 

This is a good discussion, just because so many people are so full of BS. Your car is at the shop, they want the job fixing it, of course they tell you the repair wont hurt the cars value. But ask the same question a week later, and suddenly a 100 questions are being asked. Broken belt? How bad was the damage? Who did the work? Was the engine replaced?

Okay so its a lowly 308, not a lot of risk, but say its a BB. Do want to buy a car for top dollar that may have welded up heads from catastrophic failure, or ones never wrecked? Do you want to pay top dollar for a car with a different engine, or you want the original? No one here is gonna tell me it makes no difference. And that is why the log books disapear, and the invoice on the broken belt gets lost somewhere never to be seen again. It never happened. And anyone who would say otherwise on a high end exotic is just swatting at flies. Only a fully documented rebuild using the original block would have a chance of not depreciating the car, IMO. Then it doesnt have to be written up as damage due to a broken belt.

 

Finding a buyer for each and every part will take a LONG time. Ask Russell at ferraripartsexchange what the total turnaround time on a parts car is. I'd bet lots of items go quickly; but some things just sit and sit and sit.

Remember, all those parts you'd be selling are *used*. Who wants a used CV boot? Who wants a used sparkplug? Now, show me a 456 hood for $5K, and I'll send a money order this morning!




-Daniel