06-29-2004, 07:12 AM
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#1 |
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Rear Admiral Upper Half
  
Join Date: Jul 2000
Location: 45° 11' 35" North Latitude, 95° 8' 37" West Longitude
Posts: 3,427
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Old Widow, 57 Cadillac, what to do?
The old lady that lives above our office is moving out of state tomorrow. She has a 1957 Cadillac two-door for sale. It's in good shape, a daily driver, not a "show" car. She's asking $3,500. I know she kind of needs money.
What would you do? Would you make a low-ball offer? I'd like the car, but really don't have $3,500 to just throw around... |
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06-29-2004, 07:17 AM
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#2 |
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Rear Admiral Lower Half
Join Date: Jul 2001
Location: Colorado
Posts: 2,743
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Maybe...
Figure out how much you would be willing to pay (say $2000). Then tell her that she can leave the car there with the sale sign on it. If anyone's interested, they can call you adn you can let them drive it (if they want to buy it, they can still deal with her). If it doesn't sell in 3 weeks or so, then she'll sell it to you at the price you offered. Sounds to me like you feel guilty for giving her less than $3500, so maybe this is the best that both of you could do. Just an idea. |
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06-29-2004, 08:14 AM
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Captain
 
Join Date: Nov 2002
Location: Austin
Posts: 1,660
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buy it for 3k, turn around and sell it and pocket the profit.
Do a search here: http://www.collectorcartraderonline....chprocess.html The cheapest 57 caddy I saw was 6 grand. Scoop 3k from somewhere and then resale it. Watch for rust though, that will be the biggest killer of resale value, trunk, floorboards, battery tray, lower fenders etc.
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06-29-2004, 08:28 AM
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Admiral
Join Date: Dec 2001
Location: Square On My Arse
Posts: 7,410
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E-mail Kevster. I'm sure his dad would be very interested in the car as he restores classics.
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06-29-2004, 08:29 AM
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Chief of Naval Operations
 
Join Date: May 2000
Location: LEVITTOWN< PA> USA
Posts: 13,621
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Quote:
I totally agree. If it was a 4 door, it would not be very desirable, but a 2 door..WOW! They were nice cars. That's a steal at 3K-3.5K, especially since it's running and passes inspection.
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“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.” (Winston Churchill) |
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06-29-2004, 08:33 AM
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Fleet Admiral
Join Date: Mar 2000
Location: Huntington Beach, CA, currently in Korea
Posts: 7,632
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Sounds nice. But I'm with Cubsfan, if you don't want to feel like you're ripping her off, then go that route.
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06-29-2004, 08:55 AM
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#7 |
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Rear Admiral Upper Half
Join Date: Jul 2000
Location: 45° 11' 35" North Latitude, 95° 8' 37" West Longitude
Posts: 3,427
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Yeah, it's a two-door and it's pink with a white top. I've only seen it driving by (it's not here at the office) but from a distance it looks ok.
It looks just like this one: http://adcache.collectorcartraderonl...2/69091052.htm |
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06-29-2004, 09:00 AM
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#8 |
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Admiral
Join Date: Mar 2001
Location: Utah
Posts: 5,420
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I say wait the 3 weeks and try to sell it for her, but if it's a no go, buy it for $2k then either sell it for $5kish or drive it since you got it cheaper
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And closer... |
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06-29-2004, 09:03 AM
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#9 |
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Rear Admiral Upper Half
Join Date: Jul 2000
Location: 45° 11' 35" North Latitude, 95° 8' 37" West Longitude
Posts: 3,427
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I'm stupid - that's a pic of a 4-door. Imagine it with two less doors...
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06-29-2004, 09:20 AM
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#10 |
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Rear Admiral Upper Half
Join Date: Jul 2000
Location: 45° 11' 35" North Latitude, 95° 8' 37" West Longitude
Posts: 3,427
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Ok, I got a picture of the actual car:
 It has new tires, a rebuilt engine and the factory AC still works. |
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06-29-2004, 10:48 AM
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#11 |
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Captain
Join Date: Nov 2002
Location: Austin
Posts: 1,660
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put it this way, you could buy it, and if you change your mind, you could atleast sell it for what you paid.
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06-29-2004, 10:54 AM
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#12 |
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Chief of Naval Operations
Join Date: Jun 2000
Location: the burbs of baltimore
Posts: 11,924
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buy it! buy it!
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06-29-2004, 11:21 AM
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#13 |
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Rear Admiral Upper Half
Join Date: Jul 2000
Location: 45° 11' 35" North Latitude, 95° 8' 37" West Longitude
Posts: 3,427
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I just had a chance to talk to the woman. It seems I'm confusing two of her cars (her husband was quite a collector before he died.) They sold the nice Caddy that was a daily driver. The one pictured above needs a lot of work. The engine is fine, but has quite a bit of other problems. She said you could not just get in and drive it away.
Well, it was fun to dream... |
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