Quote:
Originally Posted by scaryharry19
Running rough numbers it seems that the difference in total loss is marginal.. or like within a 20% difference from each other give or take.
Option Sell It All Off
Chassis - +12k
S/C - +4k
Tranny - +1k
Diff - +2k
Total ReCouped - +$19k
Less Purchase Price - -$27.5 (incl. fees)
Total Loss - -$8.5
Option Fix It Keep It
Swap plus Labor - -9k
RB's and TB actuators - -2k
Total - -11k
Total Loss - -$11k
Option Fix It Sell It
Swap plus Labor - -10k (low mileage motor?)
RB's and TB actuators - -2k
Total - -12k
Sell Price - +30k (given low mileage motor, TBs & actuators.. reasonable to assume?)
Total Loss - -$9.5k
So it's like the sunk cost occurred the second I purchased.. and considering comparable cars (special and performant) (i.e. not a s/c'ed mustang) are like 2x the price. If I were to buy another car in the next 2 years I would spend more than any of these total losses even after sale of the M3 given depreciation and bad history. So I can really apply a sunk cost logic fallacy to the idea of fixing it and keeping it... sooo yeah do you guys have any objections to this? Am i missing anything?
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The part out numbers are off. No one will pay you $12k for a blown motor M3, especially after you have sold off the trans and diff. And the diff is not worth $2k. You can remove the supercharger and sell that separately for around $4k. The chassis with blown engine with trans and diff is worth more like $6-8k. It has to be worth someone’s time and trouble to part or to fix, and as you have figured out, the value of fixing is at least $2k in labor, $1k in rod bearings and bolts, and probably $9k for a good used motor unless you get lucky and find one for a thousand or two or even 3 less. So the buyer is thinking whether it’s worthwhile to put about $12k into a $12k chassis to end up with a car worth about $24k. No way. Nothing in it for the buyer except a lot of work.
This was a terrible investment anyway you look at it, but that’s not really your fault. You took a lot of precautions buying a car with rod bearings done and having shops look at it. My take is that after this, you will be wary about owning a supercharged version of one of these cars, but also probably don’t want to own one that does not have that level of power. You will lose the least money by having your friend help with the motor, but you should give him a present for helping if you will just sell the car after unless he owes you for the equivalent of several days skilled labor you have given him.
Then suck it up and buy a car better equipped to handle the power you want.
A built S65 that is more likely to handle the supercharger will cost you at least twice the used engine option. It’s not really worth considering unless you love the car (like SYT_Shadow) or money is not really a concern. Given your financial analysis, it looks like money is a concern.