I would really like to know if anyone who regularly watches e9 listings thought this was anything but a project car. I try to be respectful in my BaT postings but three comments in I labeled it “Pandora’s Box”. This fact seems so overtly obvious that I find it difficult to empathize with professional who can’t pick up on the signs. I feel bad for the uninformed enthusiast who doesn't understand the caveats of these vehicles, not someone who according to BaT (and I fully believe) “has owned over 50 coupes”.
The fact is: Unless you get the jump on a private or desperate seller, any car sold between the year 2018 and 2020 that goes for less than $35K is a “project car”.
I won’t get into the cost of one’s time, which for most folks is either flexible or recoverable. With that said, one can spend $600 on a last minute round-trip ticket from Anywhere, 48 USA to Anywhere, 48 USA. That is 2% of a $30K purchase price and a fraction of the all-in investment. If you can’t trust the seller, just go see it for yourself! Yes you don’t know what the car will go for in an auction, but again It was quite evident that this car would go from $28K to $35K.
@teahead said the market would peak at $28K RNM. Pretty accurate (as usual) for an another amateur that watches the market.
In my opinion, the only victim here is the seller, and the guy who capped at $750 below hammer.