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if i purched an old ford t and just listed it to ebay wat do u think i would get for it i dont no about the car as in working and driveable but im gonna find out

Gary,

Enjoyed your article. Wish my photo of the original Marilyn Monroe subway grate in New York had fit your criteria! (Grin) (Ebay #190067551169, for those who'd like to know more about that! I can be contacted on my feedback page).

I'm really new to all of this!

Best,

LizzesMom1

To make this even jucier last year I listed my car on an internet site and it was purchased by a buyer in Sweden. I didn't know that old 50's era US automobiles are a very desirable commodity across the big pond. I ended up getting more than my listed price when 2 people got bidding against each other.

Did our author forget one little detail...the cost of bringing the car "back to showroom condition," which can, and often does, cost $50,000 to $60,000, even for a GM car of this era? If you do the restoration yourself, avoiding the cost of labor, expect to spend perhaps 700 to 1500 hours and a minimum of $15,000 in parts and repairs. There is no pot of gold at the end of the restoration rainbow. This poorly reasearched piece should be removed as it provides nothing but bogus "information." Dave Kinney ASA, USAppraisal.com

i can tell you that when ebay was young ,it was a good and safe place to do bussiness,,,my dog was stolen from my md home by a guy in iowa,,over a car,,ive been ripped off on paintings,coins,bogus tiffiny etc,,,ebay is a theives heaven as well as a pros nightmare,,,can also bring unwanted peaple to your doorstep,,,i was never payed back by ebay,,and they booted me for my issues!

i will say that ebay is a world of its own,,its own rules its own pittfalls,,,be informed ,,use it sparingly,,,dont get hooked,,as for collectibles buying is the easy part,,selling is hell!!!!

I have a 1967 Porsche 912 that has had its pans replaced, body is in very good shape, needs some mechanical attention - car has been partially restored but is now garaged awaiting further work. Also have a 1968 Mercedes Benz 250 SL Euro version in similar or better condition. Finding the time (and the personnel) to work on them is the biggest issue!

I conquer with Dave Kinney. As I own a restoration and Kustom shop. Most guys do it for the love of the work. Believe me, there are no riches here. It takes a lot of time and money to rebuild a car. Someone needs to bring this guy back to reality.

First off, who's Meg Whitman and how did she do away with Sattler's mag-selling strategy (therefore why put that in there?) I'm guessing it's an eBay thing and I'm not in that world. Secondly, Sattler didn't say it wouldn't take an investment above the initial purchase, whether in time, money, or both when reselling cars. He just didn't go into much detail on that aspect. Perhaps he should have, instead of wasting time on the magazine paragraph.

My husband and I have thousands of baseball cards and have no idea how much they are worth, or if they are even worth the cardboard they are printed on, can some one honest out there, we might be sitting in a gold mine and not even know it, PLEASE HELP...

We know thousands of stories of collector automobile sales with a basis of 10% of re-sales value. Collector cars are not the goldmine your story indicates, and your results are misleading. Restoration work is billed at $50-60 per hour, IF you can find a shop with time available, with little discount on retail parts available. You will spend at least $18,000 on labor and $10,000 on parts and paint- any restoration project. DIY, is an option- build the garage and kiss the kids goodnight, what is your time worth? Call this a second job. The passion is for collectors and enthusiast not flippers. If you want to make money in collector cars, find the burned out, flat broke, divorced, bloodied knuckled "flipper" and offer him $15,000 for a car he just poured $30,000 into! That is how you make money in classic cars. Expect to get the car in pieces, with parts in the trunk. With Barrett Jackson coming this month, prepare for the dreamers market. Car enthuiast can make a homerun on little gems like Shelby Mustangs and Cobra, Yanko Camaros, and rare factory race cars.
If you want to invest in the market, work your local papers and relatives. Cash is King, look for the seller with bloody knuckles! For more information and great cars, www.getsponsored.net

You'll lose money bring most cars to ordinial condition. The cost today is more than you'll net UNLESS the car is something special HEMI, BIG BLOCK,the correct year, ETC. Just buy the car from someone who started this dream. They will have spent most of the fronr cost by the time they realize thier mistake.

eBay ?????????? Pitfalls are correct. Scam's are a major pitfall. When your selling a high ticket item, as in $1500, the scammers are looking for you. They send you a check for well over the amount of the item and want YOU to send the balance to the shipper, the same day you cash their Cashier's Check. Even if you hold on to the cash in your account untill it clears, which it won't because it was written on a closed account, the Bank will charge you a "Bounced Check Fee" of any where from $10-$20. Banks can run a search for that particular check BEFORE you deopsit it into your account and save you the Bounced Check Fee.

Having spent many years as the wife/business partner of my mechanic husband (we owned our own shop), I can guarantee old car restoration is bunk when it comes to making money. A 63 Datsun 240Z - body not bad, mechanically OK. By the time we finished with it, we had put over $2500 in it. What did we "sell" it for? A $2100 black forest coockoo clock!!!! And that's just one of many. My money will do better buried in a hole in the back yard!

As far as making money on old vintage automobiles, it isn't as good as Gary stated. Evdeantly he never bought an old car and had it restorred to factory condition. I got my mothers old 69 Mach I and had it fully restorred to factory condition. It took 2 years and $48,000. Of course when we started the restorrer told me he didn't know how much it would cost because of the suprises he might have. I had a quote from soneone else and he said it would be about $13,000. Yes there were suprises and now to make money on an old vintage muscle car I would have to take it to Barttlet's auction and sell it for over $50,000 and that is without a cobra engine.

Regarding the classic car market. Classic cars are appreciating in value every year, as long as I can remember. But, you need to follow the market carefully as to what to buy, invest, in. Years, engines,condition,..... make all the difference. Restorations can not only be costly, but time consuming. For example; a 1965 Cadillac Deville cv't. is worth $20 thousand for a nice car. A 1964 will bring $25 plus. And if you have a 1964 Eldorado cv't. with the bucket seat option, it could bring upwards of $50 thousand. As one fetched last spring at an RM auction. Muscle cars are really "tricky". Year, engines, production numbers, are what make a car worth a lot, or a little. But overall, the old car market is indeed a great place to invest, or diversify investments.

This is a fine example of the bunk available on the internet. Old cars are a labor of love, not money. Place the emphasis on LABOR !!

I can add that cars being restored aren't cheap, and ebay, and paypal fees aren't cheap. In addition to that, you can't find "Used goods" that are any good anymore because most people save the good stuff for ebay, and don't sell in stores, or yard sales. Furthermore, China is buying all of our collectibles as well, thus is ISN'T fueling our economy, but China's.

This is a fine example of some of the bunk available on the internet. Old cars are a labor of love, not money. I have a friend rebuilding a 54 Mercury that he never expects to drive. He figures he WON'T LIVE THE LONG !
For an easier way to put some nice wheels in your garage, visit my website; www.ImaginaryMotors.com Your comments are encouraged

My husband bought a used 64 corvette from the original owner in 1975 for $2,200. We went out on our first date in that car. The car is original, never been in an accident, been beautifully maintained, all number match, has factory air, the original owners manual etc. It is my guess that the car is now worth $70,000 - $80,000. It is my opinion that the way to make money is to buy, enjoy, hold, and much later sell.