Odd thing about prices for modded cars

P

pHilli0

Active member
 Bedford
I was thinking the other day how come we seem to value modded cars so little compared to stock? I have seen many forum for sale pages where people have spent years, thousands of pounds, had the advice of the forum to help, been really enthusiastic about their car and put a lot of effort in. Then they sell the car for 2k more than a stock on after spending 10k on upgrades. What is going on???

If we take an M at say a 16k market value ,stock, nice used condition, tidy
Then we add
CSLs and MPSS @ 2k
BBK @2k
Suspension mods @ 2k
Other misc improvements, enhancements, detailing, loving ownership, passion, forum knowledge etc..

Now anyone who was to buy that car after those, would be getting a totally better car in all ways. Much better on the road if say V3s had been fitted, the BBK wins on both road and track, the CSLs look the business and the tyres are good enough for most apart from hc tracking. All the other softer stuff just makes it a better deal.......But if I ask anyone the market value of the car now what is the answer? 18k? after 7-8ks worth of cash spent?
I must be missing something here? I know not everyone wants to spend more but its the value of the car that boggles me.
 
Agree with what you say totally but a £16k car with £8k of add on's will never be worth £24k
That's just the way it is :wink: you have to add them for your own benefit & pleasure knowing you are unlikely to recoup the full value of what are after all 2nd hand parts when you come to sell :?
 
Most mods add very little to any vehicle but will make them more saleable if they are mods that are worthwhile doing.
Every car needs wheels, tyres, suspension, exhausts etc whether they are aftermarket upgrades or not so when selling the vehicle they go with the car, the next owner might get a bargain if its stuff they would have done themselves.
There are very few people who will make their money back after upgrading their vehicle.
If you want more for your vehicle and its upgrades it needs stripped back to stock if possible and the mods sold seperately.
 
Always puzzles me how some one would do so much modding and expect some one else to pay for their choice to do it or their personal taste, yes it improves the car, bike etc and should add some value agreed but you still need those components as a whole to sell the car, bike. I wouldn't pay full value for the modded parts I'd work to agree a deal or just go look elsewhere. That's why the advice you would always get is keep the OEM parts (where possible) and refit and sell them separately to make more of your money back.

I always upgrade parts because I want to and don't worry what some one else wants.

For example OEM Exhaust on my motorbike (Any bike for that matter) is pants, so fit an AKy can or system and £600+ later I'm a happy chap. Come sell or trade in time I still have the OEM exhaust, system and it goes back on and I get around £200/£300 back selling it second hand or If the buyer wants it they agree a fee to pay or don't get it it's that simple..
 
I think it's pretty obvious you aren't familiar with the modified car game :)

Value of mods has no bearing on the value of the car.

I should know, I've spent well over £50k on mods for my track car and wouldn't dream of getting anywhere near that back for it. It's just an expensive hobby :)
 
I think it's simpler than that

If we all looked at a standard car
Then one with mods

Most would assume it has been tweaked
And possibly abused due to tweaks
This combined with you want to mod it yourself
I think is why most prefer stock hence price

But you can also have a low mileage full Bmw sh
Csl wheels mss tyres and say brace and iPod connection

I'd say that's more an appeal as you'd want to do those changes yourself anyways

But some people tweak engine etc so you may choose first car over engine tweak through fear of abuse

That's way I look at them :)
 
This same argument also applies to factory fitted mod's too i.e. optional extra's, add a bunch of goodies, say heated seats, nav, different wheels etc & although they may add a significant premium to the base price of a new car they don't add anywhere near the value back come resale time.
 
TonyP said:
This same argument also applies to factory fitted mod's too i.e. optional extra's, add a bunch of goodies, say heated seats, nav, different wheels etc & although they may add a significant premium to the base price of a new car they don't add anywhere near the value back come resale time.
Click to expand...

Tell me about it :rofl:

I've recently sold my wife's 3.0tdi Audi - it had all the bells and whistles but we got a fraction of what they cost when the car was specced up!
 
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