Do mods increase the price of a car?
#31
I have bought and sold several modified vehicles. In my experience I have seen that the answer to your question can be both yes and no. If the modificaitions done to a car are purchased and installed by a well known/respected company and all the paper work ie bills, receipts, invoices are kept with the car then there is a chance someone will be able to ask a slightly higher price. Buying a used modified vehicle is a risk, and when a purchaser sees that the seller forked over hard earned cash to have things done correctly and took the time to document everything it usualy makes buying a little ess stressful.
When it comes to additions such as wheels and tires I think it's fair to ask a slightly higher price. Especially when the wheels are something like volks. We all know these wheels aren't cheap by any means and you can't expect someone to just give them away.
In the end it comes down to what the buyer is willing to pay. I have seen some well modified cars sell for some pretty high prices but that is only because a buyer felt that it was worth it.
When it comes to additions such as wheels and tires I think it's fair to ask a slightly higher price. Especially when the wheels are something like volks. We all know these wheels aren't cheap by any means and you can't expect someone to just give them away.
In the end it comes down to what the buyer is willing to pay. I have seen some well modified cars sell for some pretty high prices but that is only because a buyer felt that it was worth it.
#32
not sure what everyone else said, to tired to read it all. But when i traded in my 370z for my SRT-10, my car had mods and so did the truck. Dealership wouldnt give me a cent for my mods but tried to charge me $10,000 more for the mods (exhaust, intake, full sound system) in the truck. After flipping out at them they dropped the extra price....dont let at dealership do that to you.
#33
Generally the answer is a big NO. But if the dealership did the mods and they are under warranty then yes the price would increase. The problem with mods and selling the car after is you make the car cater to one audience or to a specific type of buyer and dealerships don't like the odds of trying to sell to only certain types of ppl.
#34
only time it would increase the value is for FACTORY-INSTALLED parts on a NEW car. Dealers will sometimes add items like wheels, or mild performance parts... although it seems rare with EVO's. Otherwise mods are a wash or devalue.
#35
it was a joke about the decals...i hope you know that.
Mods decrease the value of a car. you will get the most value for your car in stock condition for numerous reasons. Mods not only can cause issues, but usually mean that person drove the car harder than someone with a stock model.
it does not matter if they are name brand parts or not, they will not increase value.
with that said, if the only mod was say...the volks, and the 20k miles, then sure pay what the car was originally sold for minus just 1-2k instead of invoice-5k or whatever.
Mods decrease the value of a car. you will get the most value for your car in stock condition for numerous reasons. Mods not only can cause issues, but usually mean that person drove the car harder than someone with a stock model.
it does not matter if they are name brand parts or not, they will not increase value.
with that said, if the only mod was say...the volks, and the 20k miles, then sure pay what the car was originally sold for minus just 1-2k instead of invoice-5k or whatever.
cant be said any better. modded cars just dont sell for as much. the seller may want more but in the end unless a sucker buys it, they will get less.
#36
For all reasons I've seen mentioned on this thread: MODS will not increase the value except for that special 1% buyer and that includes Volks... sorry guys but it's true - if you disagree, then you may just be in that 1%.
If you don't have the stock rims, then you can't expect to get one more dime for the wheels since we're all buying vehicles that are roadworthy and include wheels, right? Dealer installed mods can fetch a bit more if the warranty is transferable.
For those with serious mods, they tend to wait around for the right buyer to try to re-coupe some of their investment... but it's likely they won't recover their labor rates.
If you don't have the stock rims, then you can't expect to get one more dime for the wheels since we're all buying vehicles that are roadworthy and include wheels, right? Dealer installed mods can fetch a bit more if the warranty is transferable.
For those with serious mods, they tend to wait around for the right buyer to try to re-coupe some of their investment... but it's likely they won't recover their labor rates.
#42
I bought a modded car from a dealer and used the mods against them to get the price down, way down.
The mods are good and I know who did them and the prior owner so in my case I knew what I was getting.
In most cases mods do not increase the price of the car. But then again as others have stated, there are buyers that are looking for cars with mods. They would be niche buyers.
The mods are good and I know who did them and the prior owner so in my case I knew what I was getting.
In most cases mods do not increase the price of the car. But then again as others have stated, there are buyers that are looking for cars with mods. They would be niche buyers.
#45
As much as you'd like to think they would, in a general sense they don't add much.
I mean this is the general rule of thumb, as there are plenty of exceptions to this, but don't mod a car fully expecting someone to take into account all the money that has gone into it mod wise. I mean it always depends on the quality and rarity of the parts put into a vehicle of course.
I mean this is the general rule of thumb, as there are plenty of exceptions to this, but don't mod a car fully expecting someone to take into account all the money that has gone into it mod wise. I mean it always depends on the quality and rarity of the parts put into a vehicle of course.