Got 30k Offer for my 1925 Model T Coupe - Is this fair?

Topics Last Day Last Week Tree View    Getting Started Formatting Troubleshooting Program Credits    New Messages Keyword Search Contact Moderators Edit Profile Administration
Model T Ford Forum: Forum 2014: Got 30k Offer for my 1925 Model T Coupe - Is this fair?
Top of pagePrevious messageNext messageBottom of page Link to this message  By Len Clements on Tuesday, October 07, 2014 - 06:17 pm:

My T has been fully restored, including new tires and upholstery, but has been sitting in my parent's garage undriven for about 14 years. I just got an offer for $30,000. Is this a good offer? If I were to publicly offer it for sale is there a good chance I could get more?

Thanks for your insights.

Len


Top of pagePrevious messageNext messageBottom of page Link to this message  By Val Soupios on Tuesday, October 07, 2014 - 06:21 pm:

I would be very suspicious as that is not just a good offer but an amazing offer if it is true. If they pay cash (make sure it's not counterfeit) I would take it and run!


Top of pagePrevious messageNext messageBottom of page Link to this message  By Jack Daron - Brownsburg IN on Tuesday, October 07, 2014 - 06:22 pm:

It sounds to good to be true...


Top of pagePrevious messageNext messageBottom of page Link to this message  By Harold Schwendeman - Sumner,WA on Tuesday, October 07, 2014 - 06:26 pm:

Sounds like an "offer" from Nigeria,.....???


Top of pagePrevious messageNext messageBottom of page Link to this message  By Peter Martin, Sydney Australia on Tuesday, October 07, 2014 - 06:27 pm:

or the "Bissells"


Top of pagePrevious messageNext messageBottom of page Link to this message  By Gary H. White - Sheridan, MI on Tuesday, October 07, 2014 - 06:33 pm:

Accept only cash.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Graham Lloyd on Tuesday, October 07, 2014 - 06:38 pm:

Too many red flags with this deal. But, since you are in Vegas, it could be a winner who is buying everything in sight.

Personally I wouldn't accept any money orders or bank drafts. Too easy to counterfeit. I would be more inclined to insist he meet you at your bank with the cash. They should be able to verify it is real.

Stay clear of the paypal offers. Big scam attempt here in Ontario. Probably everywhere else as well.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Charlie B actually in Toms River N.J. on Tuesday, October 07, 2014 - 06:50 pm:

Take the money (up front/in cash) and run.


Top of pagePrevious messageNext messageBottom of page Link to this message  By John Semprez-Templeton, CA on Tuesday, October 07, 2014 - 06:52 pm:

I'd say that offer was a little north of reality. Be careful! Accept Cash American only!


Top of pagePrevious messageNext messageBottom of page Link to this message  By Ron Patterson-Nicholasville, Kentucky on Tuesday, October 07, 2014 - 07:08 pm:

I am with Charlie, and run fast.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Eric Sayer on Tuesday, October 07, 2014 - 07:13 pm:

Yes that is a amazing offer but unbelievable at same time.🙊


Top of pagePrevious messageNext messageBottom of page Link to this message  By Mark Stewart -Calif. on Tuesday, October 07, 2014 - 07:17 pm:

Hi my dearest friend Len. I am blessed to see your add. My husband the late King Of Nigeria left me $453,256,244. I'll send you a check for $50,000. You cash it, keep the $30,000. and send me back the extra $20,000. Via wire transfer. I will pick up the Model T later. Deal??? My address is 666 86th st Abuja, Nigeria.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Tim Wrenn on Tuesday, October 07, 2014 - 07:21 pm:

While the offer may be a little north of reality, it is possible. Not long ago, I agreed to the use of my pristine '15 at a wedding of prominent doctors of Indian descent. Entire family, heck, probably the entire gang of people at the wedding, were some form of medical professionals. Several, and I do mean several, asked about the value of the car, and just for the heck of it, I replied that in a "good economy" she'd be worth around $30K. All of them disagreed and said it's worth at least 40-50K. One guy even said he figured it'd be in the six figure area!!

So if you can really sell it for that, do so with a clear conscience my friend! But, that said, I'd ONLY accept an ELECTRONIC TRANSFER of funds. Virtually fool proof. Even $100 bills are still being counterfeited, and unless you take them to the bank first and have them mark each one of those 300 Benjamins with that magic pen, you have no way of knowing if even cash is real!
JMHO, nothing else.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Kenneth W DeLong on Tuesday, October 07, 2014 - 07:34 pm:

I think scammer's like people who are a little greedy best?? Bud.


Top of pagePrevious messageNext messageBottom of page Link to this message  By keith g barrier on Tuesday, October 07, 2014 - 07:42 pm:

I would have him meet me at the bank and if the cash is real, I would tear his arm off! KGB


Top of pagePrevious messageNext messageBottom of page Link to this message  By Richard Wolf on Tuesday, October 07, 2014 - 07:45 pm:

Better take it.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Royce in Georgetown TX on Tuesday, October 07, 2014 - 07:47 pm:

Sell. Car doesn't move until cash in hand.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Mike Walker, NW AR on Tuesday, October 07, 2014 - 08:03 pm:

Len -- You can buy three nice Coupes for that amount. I'd do all the things suggested above.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Jim on Tuesday, October 07, 2014 - 08:25 pm:

" My T has been fully restored, including new tires and upholstery, but has been sitting in my parent's garage undriven for about 14 years.
I just got an offer for $30,000.
Is this a good offer?
If I were to publicly offer it for sale is there a good chance I could get more?

Thanks for your insights.

Len "


Who gave you The Offer - exactly ?

Was it an actual living breathing person standing in front of you with cash ?



Jim


Top of pagePrevious messageNext messageBottom of page Link to this message  By Christopher Vasconcelos on Tuesday, October 07, 2014 - 08:27 pm:

I'm in tears...Nigeria...priceless.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Fred Dimock, Newfields NH, USA on Tuesday, October 07, 2014 - 08:38 pm:

my leg hurts!


Top of pagePrevious messageNext messageBottom of page Link to this message  By Wayne Sheldon, Grass Valley, CA on Tuesday, October 07, 2014 - 08:44 pm:

A few years ago, I bought my 1924 coupe older restoration. It was basically tour ready, and needed some touch up, but it also had a nice original Ruckstell, original accessory overdrive, brakes and more.
I gave less than eight thousand for it. I have seen several since at about the same price. One very nice car (nicer than mine, but without the extra goodies) was advertised on our classified site for several months earlier this year at about $8K. I think it was a good deal but don't know if he ever sold it. I do know he was getting frustrated by it not selling. Unless your car is a 100 point restoration, correct and nearly flawless, and ready to go, anything much over $10K is gravy.
But some people do have more money than brains. It is up to you whether you want to take advantage of them or not.
I have had a lot of people insist my cars were worth a lot more than they really were. But I have never had one that had enough money to back it up.
And do be careful of scam artists. They have odd ways of finding how to con people.




Drive carefully, and enjoy, W2


Top of pagePrevious messageNext messageBottom of page Link to this message  By John Semprez-Templeton, CA on Tuesday, October 07, 2014 - 10:55 pm:

Tim, how many of those wealthy doctors pulled out their wallets?


Top of pagePrevious messageNext messageBottom of page Link to this message  By Tim Wrenn on Wednesday, October 08, 2014 - 08:10 am:

John...LOL..yeah, none!! I figured if nothing else, it all made for great conversation. You know the saying... "Money talks, bullshit walks"! :-)


Top of pagePrevious messageNext messageBottom of page Link to this message  By Roger Karlsson, southern Sweden on Wednesday, October 08, 2014 - 08:13 am:

There is a coupe worth 30K at the classifieds now, but it's not a '25..
http://www.mtfca.com/discus/messages/3487/484602.html?1412729969


Top of pagePrevious messageNext messageBottom of page Link to this message  By JohnCodman on Wednesday, October 08, 2014 - 08:29 am:

I agree with all of these posts. Take the money, but be sure you get it in "good funds." As was said earlier, you could purchase three of them for $30 grand.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Andrew Benoit on Wednesday, October 08, 2014 - 09:23 am:

The original post looks like the scam.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Bill Everett on Wednesday, October 08, 2014 - 10:59 am:

If it's cash and you don't know the buyer, go to the bank with them and ask that they buy a certified check.


Top of pagePrevious messageNext messageBottom of page Link to this message  By John Semprez-Templeton, CA on Wednesday, October 08, 2014 - 11:07 am:

Andrew, I agree! Pfishing anyone?

Tim, My dad used to call that "social Butt sniffing"!


Top of pagePrevious messageNext messageBottom of page Link to this message  By Chuck Hoffman - Gold Country of Calif. on Wednesday, October 08, 2014 - 11:41 am:

Notice the OP hasn't responded to the answers to his question, but he does have a clickable link to his website in his profile. Hmmm...


Top of pagePrevious messageNext messageBottom of page Link to this message  By Dick Lodge - St Louis MO on Wednesday, October 08, 2014 - 11:44 am:

Yes, and the website is "Inside Network Marketing."
Oh, and total posts is 1. I second "Hmmmm..."


Top of pagePrevious messageNext messageBottom of page Link to this message  By Terry Woods, Richmond, Texas on Wednesday, October 08, 2014 - 12:20 pm:

Fair? NO. Outrageously Generous (to you)? YES. Like taking candy from a baby (from him)? YES.

If I had two or three restored 1925 coupes, I'd gladly give him all for that offer.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Terry Woods, Richmond, Texas on Wednesday, October 08, 2014 - 12:24 pm:

As P. T. Barnum said, "There's a sucker born every minute".


Top of pagePrevious messageNext messageBottom of page Link to this message  By Stan Howe Helena, Montana on Wednesday, October 08, 2014 - 12:47 pm:

Isn't this guy a "Consultant?" Len Clements, Founder & CEO of MarketWave, Inc.

In cow country they used to sell little spray cans of BS Repellent. I need to see if I can find mine and spray my computer with it.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Justin Heim on Thursday, October 09, 2014 - 10:06 pm:

Stan, I can let you borrow mine if you need it.



Top of pagePrevious messageNext messageBottom of page Link to this message  By Terry Woods, Richmond, Texas on Thursday, October 09, 2014 - 11:49 pm:

I love it! Where is it available?


Top of pagePrevious messageNext messageBottom of page Link to this message  By David Powell on Friday, October 10, 2014 - 08:07 am:

http://en.wikipedia.org/wiki/Phishing

Read this and learn from it.

David


Top of pagePrevious messageNext messageBottom of page Link to this message  By Len Clements on Sunday, October 12, 2014 - 11:56 pm:

Hey guys,

I thought I was suppose to get email notifications that someone responded to my question, and I never received any from this forum so didn't bother to return. I just found this thread again as I was researching Model T prices and saw it mentioned in another forum where I left the same question.

Anyway... the guy that made the offer is a friend of my brother's who saw the T in my mother's garage. After my brother told him he was sure I was not interested in selling it, he said he'd pay $30,000. I think the guy is pretty well off (my brother has been to his home), so maybe he can afford to make such a great offer (which I've since learned probably is too good to be true). He says he wants to come by and take a closer look at it, so I guess I'll find out what the catch is then.

Thanks for all the feedback. I very much appreciate it.

Len


Top of pagePrevious messageNext messageBottom of page Link to this message  By Garnet on Monday, October 13, 2014 - 12:03 am:

Notifications, nope.

Garnet


Top of pagePrevious messageNext messageBottom of page Link to this message  By Terry Woods, Richmond, Texas on Monday, October 13, 2014 - 12:12 am:

Good luck, Len. I hope your potential buyer doesn't read this Forum and see what a Sucker; er, fool he is. Ignorance can sometimes be bliss, and if he's that rich, or uneducated, you're going to make out like a Bandit.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Burger in Spokane on Monday, October 13, 2014 - 01:56 am:

Guys, lets remember there is DOLLAR value, and there is "jolly factor" value. I know I have paid way more than the so-called "going rate" dollar value for a few things in my life because I really wanted that item and I got a lot of jollies out of having it/them. We all have hobbies that we might *assume* we partake of because we derive pleasure from them. How much is THAT worth ? ... more than the cash we paid to have that pleasure ?

I get the whole going rate/market value thing, but some times it is easier to come up with another briefcase full of green rectangles than it is to find exactly what we are looking for. All my friends thought I'd lost my mind when I paid 10-large for my 58 DeSoto Fireflite convertible 25 years ago. I had spent twice that in long distance phone calls, time wasted, and long road trip goose chases trying to find one. It was a no-brainer, even if the so-called "going rate" was just a hair over scrap value at the time. I have enjoyed the hell out of that 10K spent and today it is worth vastly more.

Some times, you just pull the trigger when the spotter says "now" because there may not be another chance. :-)


Top of pagePrevious messageNext messageBottom of page Link to this message  By Wayne Sheldon, Grass Valley, CA on Monday, October 13, 2014 - 04:32 am:

Well put, Burger!
Drive carefully, and enjoy, W2


Top of pagePrevious messageNext messageBottom of page Link to this message  By Tim Wrenn on Monday, October 13, 2014 - 08:32 am:

I agree with you, Wayne & Burger. I too have lost out on many cool things, including cars, him-hawing trying to chisel down that last grand. So I've taken the approach that if you see it, like it, want it, BUY it! Like you said Burger, may not be another one. Still kicking myself over a couple of 'em.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Jim on Monday, October 13, 2014 - 09:56 am:

" My T has been fully restored, including new tires and upholstery, but has been sitting in my parent's garage undriven for about 14 years. I just got an offer for $30,000. Is this a good offer? If I were to publicly offer it for sale is there a good chance I could get more?

Thanks for your insights.

Len "

Pardon my directness Len ....

But it seems your question has been well answered.

The consensus here seems to be:

Take The Money And Run


Next.........



Jim


Top of pagePrevious messageNext messageBottom of page Link to this message  By Len Clements on Wednesday, October 29, 2014 - 05:47 pm:

I figured I should provide an epilogue to this story...

The guy said he would come by "in a day or two" to look at the T more closely. He said that three times over about a three week period. I haven't seen him since, and I'm done calling him. I think what might have happened is he made the ridiculous offer, then went home and actually did some Googling and realized his offer was way too high.

Anyway... I'm seriously considering putting it up for sale for $14,950, which would also include an extra engine, real end, spare body parts, and a large assortment of various smaller parts. And a couple driving lessons.

Thanks to most of you for your feedback. It was much appreciated.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Jeff Hood on Wednesday, October 29, 2014 - 06:19 pm:

I get outrageous offers for my cars quite often. People think that since they are old and "rare" they are very valuable. Especially since the TV shows like "Gas Monkey" "Counting Cars" etc. buy and sell cars at unbelievable prices, and the auction shows like Barrett-Jackson sell cars for ridiculous prices.

A couple of weeks ago my wife and I were out in the T and decided to stop at an "OPEN HOUSE" "for sale by owner." As soon as we stopped, he came out and said "WOW, I'll trade you for the house!" He actually thought that my $10,000 car was worth several hundred thousand dollars. He could not believe that a nice T could be had for between $8,000 and $15,000.


Top of pagePrevious messageNext messageBottom of page Link to this message  By John H. Nichols on Wednesday, October 29, 2014 - 06:47 pm:

Justin,

The manufacturer seems to have a good grasp on his product, which is not unusual since it was made in NEW YORK CITY !!!!

John


Top of pagePrevious messageNext messageBottom of page Link to this message  By John H. Nichols on Wednesday, October 29, 2014 - 06:48 pm:

Justin,

The manufacturer seems to have a good grasp on his product, which is not unusual since it was made in NEW YORK CITY

John


Top of pagePrevious messageNext messageBottom of page Link to this message  By Justin Heim on Wednesday, October 29, 2014 - 07:47 pm:

It seems that Len needs this for the offer maker.


Top of pagePrevious messageNext messageBottom of page Link to this message  By Len Clements on Thursday, October 30, 2014 - 11:43 am:

I can't control the number of responses to my question, Jim.

But I do very much appreciate them.


Top of pagePrevious messageNext messageBottom of page Link to this message  By kep on Thursday, October 30, 2014 - 01:38 pm:

You can sell it for nearly $30,000 overseas http://www.trademe.co.nz/motors/specialist-cars/other/auction-771525543.htm or http://www.trademe.co.nz/motors/used-cars/ford/auction-795802569.htm
In fact view the last link first.

(Message edited by kep610 on October 30, 2014)


Posting is currently disabled in this topic. Contact your discussion moderator for more information.
Topics Last Day Last Week Tree View    Getting Started Formatting Troubleshooting Program Credits    New Messages Keyword Search Contact Moderators Edit Profile Administration