DEEP!<div><br></div><div>Bill Dentinger<br><br><div id="__aol_mail_signature__">Sent from AOL Mobile Mail</div>
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On Tuesday, March 20, 2018, Charly Mitchel via Fot <<a dir="ltr" href="mailto:fot@autox.team.net" x-apple-data-detectors="true" x-apple-data-detectors-type="link" x-apple-data-detectors-result="0">fot@autox.team.net</a>> wrote:
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<div><font size="2" face="Arial">It is my understanding you never pay too much for a
car, you just bought it too early.</font></div>
<div><font size="2" face="Arial"></font> </div>
<div>Charly Mitchel<br>TR6 #44</div>
<div>----- Original Message ----- </div>
<blockquote style="BORDER-LEFT: #000000 2px solid; PADDING-LEFT: 5px; PADDING-RIGHT: 0px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px">
<div style="FONT: 10pt arial; BACKGROUND: #e4e4e4; font-color: black"><b>
<div class="begin_alto_quote"></div>From:</b>
<a title="fot@autox.team.net" href="mailto:fot@autox.team.net" target="_blank">Paul Ricco via
Fot</a> </div>
<div style="FONT: 10pt arial"><b>To:</b> <a title="toodamnfunky@comcast.net" href="mailto:toodamnfunky@comcast.net" target="_blank">JAMES GRAY</a> </div>
<div style="FONT: 10pt arial"><b>Cc:</b> <a title="fot@autox.team.net" href="mailto:fot@autox.team.net" target="_blank">Paul Ricco via Fot</a> </div>
<div style="FONT: 10pt arial"><b>Sent:</b> Tuesday, March 20, 2018 7:30
AM</div>
<div style="FONT: 10pt arial"><b>Subject:</b> Re: [Fot] Bring a Trailer
TR$</div>
<div><br></div>Jim,
<div><br></div>
<div>I hear everything that you are saying. However, I have been in the
automotive industry for 32 years as this year. I have been involved in
many thousands of deals buy and selling cars. Collector cars and daily
drivers. I agree that he has spent a lot on the car and it will be
fabulous when completed, if someone takes the time and spends the money to
complete the car properly. However, what you have spent on something
like this and what it is worth when it is done often have nothing to do with
each other. Every car is worth what it worth in the current market
conditions, sometimes you have just spent too much and sell at a loss.
Even with all the deals that I have done I still get myself in these
situations from time to time. I truly know better and I still do it
occasionally. We are doing a frame off restoration on a 1964 TR4 right
now. It will be fantastic when it is done. Even with us doing a
great deal of the labor and all the legwork ourselves, I accept that If sell
the car the day it is done, under current market conditions, I will lose
money. </div>
<div><br></div>
<div>My comments were centered around the fact that I find it a waste of time
to bid on things when a seller is refusing to accept what the market is saying
about the item for sale. Someone could be out there who would pay
more, but this thing has been for sale for 2+ years and $17K was a strong bid
given what is left to be done. There is a cost to waiting years to get
more money for something. It is the time value of the money being tied
up while it could be used for something else. It is my opinion that if
he waits 2 more years and gets $2K more that he has actually lost even more on
the car. </div>
<div><br></div>
<div>With all said, we are invested in Triumphs and I wish someone would have
paid $100K for it That would have solved my TR4 restoration project's
balance sheet. I hope they all continue to bring more and more money in
the future.</div>
<div><br></div>
<div>Paul </div>
<div>
<div><br>
<blockquote>
<div>On Mar 20, 2018, at 8:44 AM, JAMES GRAY <<a href="mailto:toodamnfunky@comcast.net" target="_blank">toodamnfunky@comcast.net</a>>
wrote:</div><br class="Apple-interchange-newline">
<div>
<div>
<p style="FONT-FAMILY: helvetica, arial, sans-serif; COLOR: rgb(51,51,51); FONT-SIZE: 12pt">Paul,</p>
<p style="FONT-FAMILY: helvetica, arial, sans-serif; COLOR: rgb(51,51,51); FONT-SIZE: 12pt">Don't
assume the owner was just overwhelmed by the scope of the project. It
could be medical or financial reasons.</p>
<p style="FONT-FAMILY: helvetica, arial, sans-serif; COLOR: rgb(51,51,51); FONT-SIZE: 12pt">I
believe he spent $5K just for a delivered only Ratco frame. I think I
can say he has more than the asking price invested since his car is an IRS
as is my own and both share similar parts. It wouldn't take much to delete
the disc brakes if one insisted on the originals. Personally I feel bad
for the guy to have to bail on such a worthy car.</p>
<p style="FONT-FAMILY: helvetica, arial, sans-serif; COLOR: rgb(51,51,51); FONT-SIZE: 12pt">As
far as surprises go, the normal surprises you <span style="TEXT-DECORATION: underline"><em>won't find</em></span> on this car
are hidden body rot, bondo'd dents hidden frame rot, cracks, worn out
suspension components, worn out motor & shoddy work.</p>
<p style="FONT-FAMILY: helvetica, arial, sans-serif; COLOR: rgb(51,51,51); FONT-SIZE: 12pt">There
is a buyer out there for it, they just haven't come along yet.I hope he gets
all the money he's asking for it.</p>
<p style="FONT-FAMILY: helvetica, arial, sans-serif; COLOR: rgb(51,51,51); FONT-SIZE: 12pt">jim
g</p>
<blockquote>
<div style="WORD-WRAP: break-word" id="ox-943acb1623">On March 19, 2018 at
3:18 PM Paul Ricco via Fot <<a href="mailto:fot@autox.team.net" target="_blank">fot@autox.team.net</a>>
wrote:<br><br>Scott,
<div><br></div>
<div>Agreed.
<div>
<div><br></div>
<div>That is why when things have been for sale for 2+ years on every site
imaginable, we do not even waste our time bidding on them. This
thing has had more turns than a door knob at being sold. We have
seen for sale just about everywhere in the last 2 years. I find that
dealing with sellers like this is just a complete waste of time.
$17,000 is a lot of money for an unfinished project of this sort. It
has been heavily modified and will never be viewed at the same value as a
truly restored car by the collectors who pay a premium for originality.
</div>
<div><br></div>
<div>The surprises are a guarantee. If it were that way to easy to
throw it together and go for a ride, the seller would have done it.
There is always a reason why people give up on these projects, and
they are never telling the entire story when it is for sale as
unfinished.</div>
<div><br></div>
<div>No doubt it would be a fun car to drive when finished, but it could
be an expensive and time consuming ride to get there.</div>
<div><br></div>
<div>Paul<br>
<div><br>
<blockquote>
<div>On Mar 19, 2018, at 1:28 PM, Scott Janzen via Fot <<a href="mailto:fot@autox.team.net" target="_blank">fot@autox.team.net</a>>
wrote:</div><br class="ox-943acb1623-Apple-interchange-newline">
<div>
<div style="WORD-WRAP: break-word">Well, folks, even though this seller
did not think so, there appears to be a strong market for unfinished
projects. I’m amazed this seller did not take the $17,000 high
bid. The gap between what’s here and a finished car is potentially a lot
of work and some surprises. <a href="https://bringatrailer.com/listing/1964-triumph-tr4-4/" target="_blank">https://bringatrailer.com/listing/1964-triumph-tr4-4/</a>
<div><br></div>
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