PDA

View Full Version : New and need some purchase advice please



vtechadam
12-10-2018, 10:13 PM
I live in Virginia and I have an opportunity to buy a 2005 SRT roadster with roughly 17K miles on it. I work at an RV dealership and it is being traded in on a very high-end diesel motorhome. All indications are it is a near stock with some sort of fiberglass cover for the roll cage. 4 owners (6 months in FLA, then all northern VA), clean title/maintenance. I do not have any pictures yet but will post if I can get some in the next day or two.

My questions are about value and resale.

I called a dealer friend of mine and he said trade/buy on it is roughly 38K to the dealer, does this sound right?
Assuming all is correct with it, what's a good value? Is there a strong market for these?
If I decide to flip this car, how different is winter selling vs. Spring and summer?
How is the market for these with a private sale? Ebay/Craigslist/auto trader is not helping me very much.

I apologize as I'm usually very thorough with purchases, but the timeline is very short but doesn't want to miss out on a great deal. It sounds like the owner bought it for roughly low/mid 40's a year ago and has had some possible tuning done and spent another 8k or so. I'll need to find out more about that too.

Thanks,

Adam

braunstein82
12-11-2018, 01:23 AM
There would be a couple factors that might change value. If it was stock and clean. The retail value is about $38k-$40k selling it at the start of warm season. If you sit on it, the right buyer might pay $42k. Off season and quick flip probably $35k+.

06SRTCoupe
12-11-2018, 05:52 PM
Definitely post some pics. If the fiberglass cover is the Autoform hard top, that is awesome because those are 3-4k after purchase, shipping, and paint. If it has that top, 38K is a good price with the miles...and if everything else is good to go. Run a Carfax AND Autocheck! Why both? One sometimes catches stuff the other doesn't.

DustyD
12-11-2018, 09:08 PM
Definitely post some pics. If the fiberglass cover is the Autoform hard top, that is awesome because those are 3-4k after purchase, shipping, and paint. If it has that top, 38K is a good price with the miles...and if everything else is good to go. Run a Carfax AND Autocheck! Why both? One sometimes catches stuff the other doesn't.

This.

I have ran an Autocheck + Carfax combo on probably 30 cars in the last 4 years. More often than I would have liked, the reports were not equal.

V10Sidepipes
12-11-2018, 10:30 PM
Near stock...

Bought for mid 40's...

Spent 8k in possible tuning...

Those 3 things don't really add up for me.

Right now I see the same cars for sale week after week after week... especially the verts. Winter definitely knocks the value down on most roadsters and this one is no exception. If you wanted to flip you would either have to get it at a steal or hold until spring. Without knowing what all has been done to it or the actual condition, nobody can tell you if its a good deal or not. Based on the description, it sounds like it more likely has one of those chintzy looking convertible top covers that aren't worth all that much to most people vs the hardtop being discussed earlier.

Like most things, the deal is in the details. Right now nobody can tell you if its a good one or a bad one until we know the numbers and the car...