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.

Maybe I Need To Evaluate My Strategy

 

War Inside My Head

So, I went to an auto auction in Zepherhills Florida last weekend. I woke up early and drove over with a pocket full of cash and a mind full of dreams. As I walked the car corral I didn't see anything that really jumped out at me. There was a pretty wicked 67 Ford Gasser that looked like a beast until I opened the hood and saw it was all show and no go. Sorry bro, gassers are supposed to be smelly ugly beasts that have about as much engine hanging out of the hood as they do under it, not some lame ass 302 with a sad little 2 barrel carb. But whatever, it was early and I had the auction to go to.

As I sit down and look over the sheet to see which one of these little beauties would be taking my hard earned cash I noticed there was about 10 golf carts for sale, odd but whatever. Auctions are kinda like a rolling carnival of lawless oddities. In my little pea brain I am busy doing the internal math that will keep me in the good graces of the accounting department. Because the other interesting thing about Auctions is they pretty much charge everyone for everything, buyers premiums, sellers premiums... hell I think there is a "being alive fee" in there somewhere. After about 30 minutes of hearing the barker go over about a million things and plug everything under the sun he finally starts.

An elderly man sits next to me as the auction kicks off. He is writing everything down on his paper... what the bids go for and if they sell or not. Nothing is selling, i mean NOTHING. I look at him and say "what the hell is going on here?" He exclaims that for the most part only about 10% of the cars in an auction actually sell because everything carries a reserve price.

About 30 cars into this 60 car auction I have seen about all I need to see. Oddly enough the very thing that represents actual free market has perverted into complete and utter bullshit. Auctions should be the complete celebration of free market, wanna know what something is worth? Auction it off... what ever the crowd pays that is exactly what it is worth. Sadly, television and "reality TV" has once again reared its ugly head and created a fantasy world where 1967 Camaros are worth 120k and old British roadsters actually run. So, looks like my money and my effort will be better spent elsewhere. No more auctions for this wannabe hotrodder... time to hit the market and see what I can shake loose.

When All Else Fails.....

HOT ROD CARTOONS!

It's All Fun And Games Until A Fence Jumps In Front Of Your Truck

 

Windmills of my mind

So, if you follow this blog you know I am saving money toward a hotrod (hence the name WANNABE Hotrodder). I am lucky in that I have a regular job and also pick up work from time to time with a local video crew. It is a very cool job that lets me film concerts and the likes. I put all that money away into a fund for my hotrod. It is what they call a "long term goal" I also put away any extra money from buying and selling things, hustling for a dollar.

Recently I took a job taking a van with a huge video screen in the back to a venue like a portable jumbotron. Well, i clipped a brand new chain link fence on the way to the job, took a corner too hard and CRUNCH! Did some damage to the truck but I was WAY lucky in that it didn't ruin the generator or LCD screens. In a massive freak out I managed to get enough help to pull the bar out of the truck side and get to the job. I was embarrassed and angry and upset at myself but as long as the job goes off things will be okay. So, my boss and the owner of the truck were super cool about it (no... they don't read this, being very sincere). Long story short I need to fix the fence and fix the truck and move on in life.

Yesterday the invoice for the fence comes in... $1,265! My heart sunk, this means my long fought hotrod fund will be taking a major hit. Plus I still have more coming for the truck fix. At this point I need to take a very long hard look at if I should even continue? If I am just spinning and spinning never getting ahead then what is the point. Do I take some shit job as a part time stock boy? Do I just keep plugging away or do I abandon my dreams of owning a hotrod all together. I don't know the answer to this question right now. The embarrassing mess is still to fresh and stingy in my brain.

It is my fault and I always own up to my messes, I hit the fence and messed up a truck. The last thing I will ever do is blame others or try to shirk my responsibilities. I am very fortunate my boss and the truck owner are as cool as they are. I definitely will count my blessings but I need to take a shot and a beer or 8 to wash down this shit sandwich and really take a long hard look at what I want. Only time will tell. In the mean time, if you happen to find yourself driving a panel truck would you do the Wannabe Hotrodder a favor and ease up on the cornering... the fence companies are rich enough.