Price vs value?
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Mini's are like buses they come along in a bunch
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Harvey
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"Hang on a minute lads....I've got a great idea."
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Harvey
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The newest MPi Mini gearbox is 16 years old.
The newest non-MPi chocolate gearbox is 20/21 years old.
The newest Metro gearbox is 26 years old, and would have had a harder life than a Mini 'box.
We're dealing with old parts now, made to a budget for a dwindling model - I expect to change every bearing, the layshaft, synchros and probably selectors, as well as dipping into the parts bucket for second gears.
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"Hang on a minute lads....I've got a great idea."
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The newest MPi Mini gearbox is 16 years old.
The newest non-MPi chocolate gearbox is 20/21 years old.
The newest Metro gearbox is 26 years old, and would have had a harder life than a Mini 'box.
We're dealing with old parts now, made to a budget for a dwindling model - I expect to change every bearing, the layshaft, synchros and probably selectors, as well as dipping into the parts bucket for second gears.
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Just so I know, I worked on this tranny only from picking it off the floor with pots in place till ready to attach to engine. All labor to include cleaning all housing parts and internal bits. That includes replacing the idler and first motion support in clutch housing 16 hours. I have every reason to believe this tranny under a stock rebuild 998 will be doing it's job for a very long time. Steve (CTR)
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Even at those prices with Minis that had very few flaws, we did not get everything out of them.
Jemal is right, some of what we do - the unpaid sweat labour - is because we like it!
When we were finished with Mini travel in Australia, I had friends there that said the market for good window Vans was strengthening. I could sell the Mini for more than I paid & the parts installed. No, I shipped it home for $4,300 (costs, taxes, safety certification) because I was quite keen on the Mini. Might be able to get twice that cost today, perhaps more...but I am still keen on the Mini.
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I'd like to think new ball joints, wheel bearings and brakes all around with fully adjustable suspension aligned correctly will help it roll easy. It won't be long and a new compression and leak down test should show running on all cyls. Then a fresh set of tires, new Newton interior and address any rust in the car and it should be a upper middle class 998.
This car was bought in about 2000 as a last year of high school and four years of college car for the owners son. Very min use since son moved to west coast. Car will never be a cal. car. If we have to hang on to the car at least it will be in top shape and still stored inside. Steve (CTR)
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Will the recent repairs add value ? Probably not to the amount of repairs when hop labour is considered.
If it were my car at this point i would fix the rest and look for the high end numbers for a 998 like $11 to $12k and have the receipts handy, someone will bite.
As far as mpg. On a new car usually the mpg is lower as everything is bedding in and they seem to get their best mileage when they are below 100k in my experience, once over that threshold the mileage starts to drop.
I would say if the owner puts some miles on it (say 5,000) it should get close to the figures you posted.
Next time when offered $500 less take it. There is an old saying in the car biz "first offer is usually the best offer" and i can testify to that LOL.
If in doubt, flat out. Colin Mc Rae MBE 1968-2007.
Give a car more power and it goes faster on the straights,
make a car lighter and it's faster everywhere. Colin Chapman.
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"Hang on a minute lads....I've got a great idea."
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So it didn't sell fast or well BEFORE the inspection and tear down... then the price was too high. (not enough value)
Many repairs and fixes will add Value to justify a certain price.
Price is reflective of the Value that you are receiving. Upon walking up to a car if it can look great and feel great + and it will sell fast...
Value is added after all these repairs are complete and the buyer is knowing that any issues may have been resolved with a revised price. Reads to me like it will now be a mechanically top spec 988 now with a so-so visual appearance. (if it shows rust and Needs carpet) so your value is still comprimised.
When I sold my SPI== I first skoffed at a 1200$ nose paint job (bubbles, ugly paint) fixes to this and that. = but it had to be done ...So i went ahead and paid the 1200$ = It looked great = sold in 1 week for every penny I asked.
Value = perceived benefits received
perceived price paid
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I agree the cost of this repair may be greater than the added value to the car. I'm sure some of us know the cost of a rebuilt engine. We also have an idea of the cost of a tranny rebuild. Removing , powder coating front sub and building it up with adjustable bits and doing the brakes complete is not cheap. Repairing the only rust issue on the car will pay. I'm a firm believer in the interior sells a mini also.
Funny I have ask all my smart engineer types the MPG question. No one seems to care or want to answer. According to Vizard the cam in most 998 s is designed to have a flat power curve and good mpg. More MPG than power but a good balance. I drove this car on and off for a year. It ran well just not fast with no sign of a bad cyl. With for sale signs in the rear windows I got a call each time I drove the car. Asking price was $8500. and I have had so many $8000. offers I wish we had taken one.
In about $1500. in parts and $1000 labor which includes machine work. Everything has been cleaned, glass beaded and painted. Now it goes back together and the labor for that starts today. Steve (CTR)
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Found 26 Messages