75 LEMANS CANADA CUP 15000 miles!

67BBSD · Canadian Poncho Superstar!

RE: 75 LEMANS CANADA CUP 15000 miles!

Astro Jet · Poncho Master!

BJ doesn't add value, but I do concede that it costs some money to put on that circus. Vendors and purchasers have a choice, they can decide whether they want to pay that price and participate in the process. I also concede that the cars do sell there, money changes hands, so that does go towards helping to establish a "value". But I also think most of us will concede that the average buyer at BJ is not representative of the average "hobbyist", the kind of person that makes up 99% of the people that bring their cars to our local cruises. I would say probably 99% of the members of this board are average hobbyists - just curious if any of our members have ever bought at car at BJ and feel like they have gotten a good deal?

67BBSD · Canadian Poncho Superstar!

so what is a "good deal" ?

buying under the market ?

buying a good car ?

getting the find ?

buying the car you want ?

I heard many people tell me about the "good deal" they bought-it usually means they think its worth more than they paid-creating supposed equity so turning a profit without cashing out.

Astro Jet · Poncho Master!

Well call me old fashioned but a good deal = a fair deal, from the perspective of both the buyer and the seller. Neither feels like they over paid/ under sold. In other words, if the positions were reversed, i.e., buyer was actually seller and vice-versa, transaction still would have taken place. In legal agreements, this is typically called a "shotgun" clause. If you want to buy out your partner, you have to offer him a fair price for his interest. Your partner has the right to turn around and instead buy out your interest for exactly the same price, ensuring that you nominate a fair price for his interest in the first place because you would have to be happy receiving that for yours. I don't know how to put it better than that - I trust the opinion of the people on this board. If buyer and sell chose to post the actual purchase price on here and the majority approved, i.e., would have been happy either buying or selling at that price, I guess that would be a good deal.

Sometimes this is tough as the seller always wants to get out of a car at least what he has into it, but sometimes there are costs that have to be put in that a potential purchaser will just view as being "regular maintenance" and seller would have had to incur anyway, whether he kept the car or not, it's just part of the "cost" of ownership. Just because the seller decides to sell the car soon after incurring those costs doesn't mean they retain their full value. As soon as those parts or service go on a car, they become "discounted" in the usual sense.

03cts sport · Uber Guru

Astro Jet wrote:

Well call me old fashioned but a good deal = a fair deal, from the perspective of both the buyer and the seller. Neither feels like they over paid/ under sold. In other words, if the positions were reversed, i.e., buyer was actually seller and vice-versa, transaction still would have taken place. In legal agreements, this is typically called a "shotgun" clause. If you want to buy out your partner, you have to offer him a fair price for his interest. Your partner has the right to turn around and instead buy out your interest for exactly the same price, ensuring that you nominate a fair price for his interest in the first place because you would have to be happy receiving that for yours. I don't know how to put it better than that - I trust the opinion of the people on this board. If buyer and sell chose to post the actual purchase price on here and the majority approved, i.e., would have been happy either buying or selling at that price, I guess that would be a good deal.

Sometimes this is tough as the seller always wants to get out of a car at least what he has into it, but sometimes there are costs that have to be put in that a potential purchaser will just view as being "regular maintenance" and seller would have had to incur anyway, whether he kept the car or not, it's just part of the "cost" of ownership. Just because the seller decides to sell the car soon after incurring those costs doesn't mean they retain their full value. As soon as those parts or service go on a car, they become "discounted" in the usual sense.

Very nicely summarized!
I do like getting the best possible price on commodity items. For example often I will do all of my research on line for electronics, determine the specific product that I want to buy, provide the sales rep with the particular model number that I will be purchasing, inform him that I won't waste his/her time with questions, that I will be getting three quotes, that I will not be sharing the qoutes with any of the three reps, that I will be buying on price, and that the deal will be done within 24 hours.

When it comes to non comodity items though, I would rather pay what I feel my "limit" is than to miss the opportunity to acquire the product. For example, when we were house shopping 15 years ago, we offered more than the asking price as we thought this was fair as it was the only house we saw with a park out front. The deal was immediately done. No regrets.

-- Edited by 03cts sport on Sunday 27th of December 2009 02:55:17 PM

Astro Jet · Poncho Master!

03cts sport wrote:

When it comes to non comodity items though, I would rather pay what I feel my "limit" is than to miss the opportunity to acquire the product. For example, when we were house shopping 15 years ago, we offered more than the asking price as we thought this was fair as it was the only house we saw with a park out front. The deal was immediately done. No regrets.

-- Edited by 03cts sport on Sunday 27th of December 2009 02:55:17 PM

That is an excellent point as well and I agree 100%. When it comes down to crunch time, I always think about how much I would regret not getting something I really wanted over the sake of saving a few dollars. Like you said, if years later you still have no regrets, that was a fair price.

Astro Jet · Poncho Master!

I just came across this thread:

http://canadianponcho.activeboard.com/index.spark?aBID=118110&p=3&topicID=33074464

As has been said, it is hard to judge without seeing it in person, but at first glance, the price seems to be very fair and therefore to me, a good deal. I too am impressed with the honesty, making it much more likely I would go check the car out if I was in the market for that type of car. I'm sure he will get a lot of interest.

4SPEED427 · A Poncho Legend!

I recently purchased an engine from a fellow who advertised it at what I considered to be a very fair price. He put OBO in his ad, indicating he would take less. When I saw it, heard it run and found out what all he was including with it that I hadn't counted on I paid him the advertised price. I didn't always think that way. I used to think I had to come away from every deal knowing I got it for the absolute cheapest deal I could get.

You summed up a good/fair deal very well...

BillGT · Newbie

67BBSD wrote:

Astro Jet wrote:

67BBSD wrote:

opinion-its a struggle to get $10 k for
I agree with Ken. Very interesting car in what looks to be very good condition, but as we have said before, what is the demand for this car? Very small as very few people will appreciate it's significance and those that do either have no cash or are unwilling to spend it. Quite frankly, why should they? People in this hobby (especially on this side of border) buy cars primarily if they are a "good buy", and they rarely pay any premium for "historical significance". If this car was run through at B-J, would it get any more than a standard 75 Lemans in the same condition? Not likely.

The plates on it are brand new, meaning he recently licenced it. I wonder if that means it had been sitting for many years and/or he just bought it recently to flip?

flip ? flip is not relevent

buying for a good deal as stated is to be ahead of the market in equity is the same like flipping without cashing out.

Nice to stumble upon this site! Thanks for your comments, everybody. I can briefly respond to a few.

I purchased the car from it's original owner in Alberta in 2007. It had around 12 500 miles on it at the time.  I paid for it sight-unseen. When I did receive the car, I was very happy with the transaction. I paid a fair price, and the previous owner was happy too.

I owned a Pontiac Cup 24 yrs ago and really liked the car. I regretted letting it go, and searched for another one for twenty years before finding this one.  I didn't expect to find one in this condition. I found a much cheaper GT in New Orleans at the same time that needed a lot of work. I thought I might restore it to a Pontiac Cup. From experience in car restoration, I know the cost of restoring one. It was far less to buy this one than it would have been to restore one myself, not including my time. And anyway, I work on other people's cars every day. I was really happy to find one that I didn't have to touch.

Everything is original on this car. It's like it was kept in a bottle. The frame is still shiny bare metal. The plugs, wires, everything is original. Nothing is cracked. Someone hand-wrote on the firewall: "SP0800", to indentify it during assembly. It's still there. That spare and the jack and everything is all original. The am/8-track radio still works, as does the clock. And of course the numbers match. The brake shoes and pads are original, and are still like-new. Exhaust is still like new.

I would love to keep this car, but I'm offering it at the price it would take for me to part with it. This is the value I give to this car. If I do sell it at this price, I'll probably regret it, just like I regretted selling the other one. If I can't get close to the $17 500, I'll just keep it.

Bill

-- Edited by BillGT on Sunday 3rd of January 2010 08:27:41 PM

67BBSD · Canadian Poncho Superstar!

BillGT wrote:

67BBSD wrote:

Astro Jet wrote:

67BBSD wrote:

opinion-its a struggle to get $10 k for
I agree with Ken. Very interesting car in what looks to be very good condition, but as we have said before, what is the demand for this car? Very small as very few people will appreciate it's significance and those that do either have no cash or are unwilling to spend it. Quite frankly, why should they? People in this hobby (especially on this side of border) buy cars primarily if they are a "good buy", and they rarely pay any premium for "historical significance". If this car was run through at B-J, would it get any more than a standard 75 Lemans in the same condition? Not likely.

The plates on it are brand new, meaning he recently licenced it. I wonder if that means it had been sitting for many years and/or he just bought it recently to flip?

flip ? flip is not relevent

buying for a good deal as stated is to be ahead of the market in equity is the same like flipping without cashing out.

Nice to stumble upon this site! Thanks for your comments, everybody. I can briefly respond to a few.

I purchased the car from it's original owner in Alberta in 2007. It had around 12 500 miles on it at the time.  I paid for it sight-unseen. When I did receive the car, I was very happy with the transaction. I paid a fair price, and the previous owner was happy too.

I owned a Pontiac Cup 24 yrs ago and really liked the car. I regretted letting it go, and searched for another one for twenty years before finding this one.  I didn't expect to find one in this condition. I found a much cheaper GT in New Orleans at the same time that needed a lot of work. I thought I might restore it to a Pontiac Cup. From experience in car restoration, I know the cost of restoring one. It was far less to buy this one than it would have been to restore one myself, not including my time. And anyway, I work on other people's cars every day. I was really happy to find one that I didn't have to touch.

Everything is original on this car. It's like it was kept in a bottle. The frame is still shiny bare metal. The plugs, wires, everything is original. Nothing is cracked. Someone hand-wrote on the firewall: "SP0800", to indentify it during assembly. It's still there. That spare and the jack and everything is all original. The am/8-track radio still works, as does the clock. And of course the numbers match. The brake shoes and pads are original, and are still like-new. Exhaust is still like new.

I would love to keep this car, but I'm offering it at the price it would take for me to part with it. This is the value I give to this car. If I do sell it at this price, I'll probably regret it, just like I regretted selling the other one. If I can't get close to the $17 500, I'll just keep it.

Bill

-- Edited by BillGT on Sunday 3rd of January 2010 08:27:41 PM

as I stated previously "a good deal starts with a good car " and it appears you have a good car, the smartest thing anyone can do is buy the best car they can-I agree you could never restore one for that price-need the "right" buyer

67BBSD · Canadian Poncho Superstar!

seeing we are now talking about a member's car the price comments or whatever should end-it offended someone in another thread-unfortunately I posted an opinion when asked about this one

Canadian Poncho · A Poncho Legend!

Welcome aboard Bill and thanks for filling in the blanks for us. She truly is a nice car. Feel free to post more photos!

Todd

4SPEED427 · A Poncho Legend!

Bill

Welcome here.

As has been said (including by you) nobody in the market for one of these cars could buy one needing work and finish it for the price you have on it.

Although the 70's cars may not be as quick to sell as the 60's, you and I both know there is someone out there wanting this car. It's just a matter of getting you and him together.

427carl · A Poncho Legend!

Welcome Bill nice car thanks for the update..

73SC · A Poncho Legend!

I like that underhood shot, I had no idea that the braces were originally body colour. It also shows me how other things are "suppose" to look. biggrin

-- Edited by 73SC on Sunday 3rd of January 2010 10:56:53 PM

Canadian Poncho · A Poncho Legend!

I notice the engine is still orange. What year did they start painting them blue? My Dads 77 Sport Coupe's 350 was blue.

-- Edited by 69Laurentian on Monday 4th of January 2010 06:17:49 AM

03cts sport · Uber Guru

Which door panel is correct?...

73SC · A Poncho Legend!

For model year 1977 all engines were corporate blue, although it has been reported that some early 1977 cars still had orange as the supply was used up.

73SC · A Poncho Legend!

03cts sport wrote:

Which door panel is correct?...

Both, 2 model years apart.

03cts sport · Uber Guru

Ahhhh. Your's is the nicer year....

73SC · A Poncho Legend!

03cts sport wrote:

Ahhhh. Your's is the nicer year....

427carl · A Poncho Legend!

cupedition · Addicted!

Bill May i ask what day it was built ? Seems most that are left were built in february and march of 75 .
I have a feb 28 build date . Mike.

-- Edited by cupedition on Sunday 10th of January 2010 02:23:48 PM

BillGT · Newbie

Thanks for the welcome, everyone. Same build date as yours, Mike - Feb. 28th, in Oshawa. Do you have pictures of yours on here, or can you send one?

73SC · A Poncho Legend!

That's pretty neat that they are the same day. I was just doing a query for a friend who ordered a purple 6.1 Hemi Challenger, I know the plant Manager in Brampton. Not Scheduled to run because they don't have enough orders for purple yet so it seems that things don't change in 35 years as far as production runs go.