You Might Not Be Perfect, But You Gotta Bring SOMETHING

So everyone knows that hotrods are inherently a losing proposition. If you are getting into a hotrod to make money you are in the wrong business. As my pop always used to say "Speed costs, how fast do you want to go?" In today's classic car market there is a growing problem that stems from a few different misconceptions.

If you are in the market to buy a decent starter hotrod there are numerous avenues to spend your hard earned cash... craigslist, auctions and of course just kinda keeping your eyes peeled. I have employed all these and many others and gotta say the divide between seller and buyer could not be larger. It has and will always be the seller wants the most he can get and the buyer wants it as cheap as he can get it but I contend not to the degree that is it now.

Numerous shows that feature classic car auctions and show people buying and selling them has given the sellers an incredibly false sense of what their classic hotrods are actually worth. There is no place on this planet or any other where a Chevy Malibu is worth $170k, I don't care if GOD pimped that ride... NO WAY! But week after week we see these shriveled up old rich guys throwing up their paddle to show they are rich enough to outlast other said old rich guys. Troubling trend is that now that the upper 1% have bought all the houses and lives they can they have moved onto such rouge-ish enterprises as classic cars.... but you know, as investments not to actually enjoy the car.

So scratch the auction scene, reserve cars will pass and pass and pass with no-sale after no-sale. On to the local market, that will give up some awesome cars right? eh, right?!?  When you go through the craigslist experience you will see that most are as delirious there as at an auction. A big problem with local craigslist cars is they bring nothing to the table, and i mean NOTHING! You can go buy a much newer SS camaro or GT mustang for the same or less than most of these classics and they are WAY more car and WAY WAY faster. Now, style and cool have nothing to do with that so i get it, buying an older classic hotrod is very different than buying a new Mustang but if you want speed they don't even compare. And here inlays the problem.

Say i want to buy an old 1969 Firebird (which i sure wouldn't mind), locally they are on craigslist for 13k - 25k. These cars have no new steering or suspension components, are not matching numbers, have rust throughout and the interior is mostly shot. For about 18k i can get a low mileage 2012 SS Camaro that is near perfect. What the hell man, give me SOMETHING. Like if the Firebird had the Disc Brake conversion and decent engine, or a solid body with some attention needed okay i could see $15k. But the cars i am seeing are bringing absolutely NOTHING to the table. Bored over garbage engines, gutted interiors... basically projects at best.

If you are selling a project price it like a GOD DAMN PROJECT! Everyone is looking for numbers matching show car money for parts car quality. I get that you want to make a few bucks but please, take a realistic look at what you are selling before you add another 10k to the price. Just because you let the car "age" like fine wine in the back yard on blocks since 1978 doesn't mean it is a rare classic. Not EVERY car is a super rare collectible, in fact the reality is none of them are.