People Dont Grasp This Concept!, Mods lower value of the car Options

[kman2010]

I just dont understand why people are asking for ridiculous amounts of money for cars with minor mods. I mean i understand if you got a show car and your asking for 15,000 of the 25,000 you put into it back. but if you have a basically stock celica with intake, and some crappy paint on the interior. maybe exhaust and a wing. that should lessen the value of the car shouldnt it? so why ask for all the money back from it. its just me whining because i have a totalled car, and its gonna cost me alot to get my baby back together, or just buy a done one.

anyone agree or disagree? open topic, speak amongst ya selves

[tin_foil]

Okay, I think I have some ground to speak here. You guys are argueing whether moding a car lowers its value or not. Thats not what the real issue is though. The truth is that modded cars appeal to a much smaller market. It's true that some stupid ricer teen-age punks will pay more for certain stupid ricer mods. But in general, once a car's modded, less people want to buy it. Most people that buy used cars, are just looking for something nice looking, reliable, and almost always stock to get them to and from wherever they want to go. I can speak from personal experence too. My family and I buy a lot of cars. We normally fix them up and sell them for a profit. When I'm looking to buy a car, and don't even consider it if its got any other mods than, say, custom tails, or rims. Its not cause I personally don't like them, but 1)normally ricer kids who do things like that, don't treat their cars very well, and 2) Like I said, it's hard to sell them, cause fewer people want to buy modded cars. Like Dr. Tweak said, this is a fact. Some exaples:

I saw a Toytoa MR2 on ebay go for $7000. It had full veilside bodykit, completely rebuild turbo engine, new rims and rubber, almost new paint, ferrari racing seats, and some minor interior mods. It had a few minor problems, most being small electrical things. All in all, that car was worth probably at least $12K.

Also there was a member from this forum who recently sold his car. It had a 3s-gte swap, invader bodykit, custom exhaust(don't really know what kind) and a 5 month old paint job. 150K miles on the body, and only 70K on the engine. It also only went for $7000. I don't think I need to tell you guys how much that was really worth.

Just know that when you mod your car, it doesn't nessisarily lower your cars value, but it ALWAYS makes your car then appeal to a narrower category of potential buyers. Not to meantion, you never, EVER get the cost of all your labor and hours spent out or it.

But that doesn't matter to us, right? We don't mod our cars to up the resale value, we mod them for our own personal enjoyment.