at200
Part of things
Posts: 86
|
|
Nov 16, 2023 23:16:04 GMT
|
|
Anybody else watching this? They usually pay too much at the auction, spend too much doing up the car, then sell at a loss.
Tonight they did a Series 1 Land Rover. Bought for £9k. It was in bad condition but they spent £50k on labour alone getting it to a really good condition. Can't remember the parts cost, £25k or something.
Total cost was over £85k. Sold in the end for £40k. Crazy.
|
| |
|
|
|
|
|
|
|
Nov 16, 2023 23:44:03 GMT
|
|
to be honest only watched a couple of those and the normal bangers and cash something about it i don’t like so haven’t bothered again
|
| |
|
|
|
|
|
|
|
They usually pay too much at the auction, spend too much doing up the car, then sell at a loss. If that's the case then they are doing a surprisingly accurate representation of what it's like to restore a classic. Total cost was over £85k. Sold in the end for £40k. Crazy. Selling for less than 50% of the effort, time and hard earned poured into it? Yep, seems about right. Everyone on here that's built and sold a car can relate. |
| |
|
|
|
|
|
|
|
Anybody else watching this? They usually pay too much at the auction, spend too much doing up the car, then sell at a loss. Tonight they did a Series 1 Land Rover. Bought for £9k. It was in bad condition but they spent £50k on labour alone getting it to a really good condition. Can't remember the parts cost, £25k or something. Total cost was over £85k. Sold in the end for £40k. Crazy. Obviously not ‘that’ crazy, you watched it & so will millions of others. Voila cash in the bank 😀 |
| |
|
|
braaap
Posted a lot
Posts: 2,597
|
|
|
|
|
Sounds like Richard "head gas monkey" Rawlings' story of his life.
At least that part the producers will let the spectator know.
How often do You think that business plan would work in real (not-tv-show) life?
|
| |
Last Edit: Nov 17, 2023 5:51:54 GMT by braaap
|
|
|
|
|
|
|
|
I've wathced a few about the best they have done is broken even, as said above at least they are honest about the true cost. In thir case what isn't being added in is perhaps £500k per episode global revenue so for them it makes perfect sense. For us hobbyists most of them also make a small profit if you ignore labour and treat it as a hobby.
|
| |
|
|
|
|
|
Nov 18, 2023 12:31:13 GMT
|
|
I don't watch TV at all, I don't watch these type of things on YouTube so much either. Its all just very fake and makes me feel bad about not getting on with my own curse word.
Also these shows are responsible for some of the worst behaviours in our hobby, and the people coming in thinking there is easy money to be made.
At least if they are showing making a loss on them its better. But still. Not for me.
|
| |
1937 Austin Street Rod - 1941 Wolseley Not Rod - 1956 Humber Hawk - 1957 Daimler Conquest - 1966 Buick LeSabre - 1968 Plymouth Sport Fury - 1968 Ford Galaxie - 1969 Ford Country Squire - 1969 Mercury Marquis - 1970 Morris Minor - 1970 Buick Skylark - 1970 Ford Galaxie - 1971 Ford Galaxie - 1976 Continental Mark IV - 1976 Ford Capri - 1976 Rover V8 - 1994 Ford Fiesta
|
|
|
|
|
|
|
|
yeah it shows that plenty of profit to be made....
example of pretty much every show pretty much: pay £4000 for car at auction spend £5000 restoring then sell for £3500.
i like it good program and thankfully a distinct lack of the wheeler dealers reality tv style production.
|
| |
|
|
|
|
|
Nov 19, 2023 13:58:06 GMT
|
|
Cannot name anyone i know who got into retro cars now classic cars with any intention of making a profit / maybe this later day flipping business tv car shows talk about might produce a lean profit but for the hobby guy doing his own retro thing unpaid labour and parts sourced take any profit out of anything if or when sold. For myself the hobby from right back in 1968 was never about any profit which was just as well as the few hundreds i might have made over 50 years would be small change but as i always say cars kept me sane and for that I'm thankful.
|
| |
Started out with nothing and have most of it left.
|
|
|
|
|
|
|
|
It's made for TV, so it's inevitably going to be quite contrived.
Beyond that, if you subcontracted every element of a restoration to specialists at paid rates the outcome is what you get here, magnified to the extreme with the Land Rover. Whilst the resto costs were high, I am surprised it didn't sell for more and go overseas to the USA.
|
| |
2014 - Audi A6 Avant 3.0Tdi Quattro
1958 - Chevrolet Apache Panel Truck
1959 - Plymouth Custom Suburban
1952 - Chevrolet 2dr Hardtop
1985 - Ford Econoline E350 Quadravan
2009 - Ovlov V70 2.5T
1970 - Cortina Mk2 Estate
2007 - Fiat Ducato LWB 120Multijet
2014 - Honda Civic 2.2 CTDi ES
|
|
