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Maybe selling my 2016 MP Spider. Need advice.

1.5K views 24 replies 10 participants last post by  Beadhead  
#1 ·
So, I’ve been considering selling my two owner 2016 Spider with around 20k miles. Clean title. I have had it since February of 2019. Will probably regret it but I don’t get too much time to enjoy it these days. I’ve got other toys to play with and I don’t need to sell it.

That said, it has a fair bit of mods. I’m looking for advice on whether to sell as is or return to stock since I still have all the original bits. Also, any advice or input on sell asking price would be appreciated. The car is in fantastic condition. Other than a few very minor blemishes that have happened over the years from normal use. The car has always been garage kept, maintained and primarily used for spirited mountain drives and dashes around town occasionally.

Below are the list of mods and all the goodies I have. Hopefully I didn’t forget anything. Here is a recent pic from a group drive. Thanks in advance. Btw, if any forum member wants it I’d give you first looks. Car is located in Upstate SC.

Set of Beau’s CC knobs never installed.
Euro compulsion V2 intake
Euro compulsion Stage 2 Clone ECU (still have original)
Magnaflow Sport Series Stainless exhaust
Inokinetic Power sports battery conversion (actually running one of their R&D prototypes)
Novitec Black coilovers
Alfa works suspension blocks
Titan 7 black wheels
Michelin Pilot Sport 4s tires
225fr/265rr
Scrape armor set never installed
Tarox F2000 front rotors
Tarox Corsa front pads
Raceseng red front tow hook
Smoke front corner markers with led bulbs
Power Flex engine bushing
Professional alignment
Excel window tint (side, rear and front)
4C battery tender
4C car cover
PPF on front hood, fenders, and lower panels under doors.
Original tool kit with compressor
Original paperwork, books, etc.
OEM spider wheels (dark), tires
OEM suspension
OEM exhaust
OEM ECU

Image
 
#4 ·
I don't think that having all the mods are going to lower the value of the car, but if you have the energy to take off some of the mods and sell them as well as having the OEM parts and sell them say on the forums you will probably make more overall. Of course taking off the blocks for example the sale price of used blocks would not cover the labor of taking them off.

It is less likely to find a buyer who is both going to value all the mods and have the budget pay a fair price for all of them included with the car that it is to find a buyer for the car and a buyer for the mods separately.

Personally I would sell the extra wheels, the knobs, and other easy to remove or uninstalled stuff separately. See if the buyer wants to pay an upcharge to have both ecus. This is something that would actually be likely for a California buyer for example. And if they don't want both sell the other one separate
 
#6 ·
Everything above has a ton of merit to it. I would really agree with all of it, especially the painting the house theory.

But i do believe there are a large chunk of people out there, typically non forum using people who would never buy a modified car and no matter your asking price would never consider it. Something to think about. Dealers especially hate touching them.

Whether you get more money or not taking the parts off, selling them and most importantly factoring your time into that question is debatable. However I do believe if you took your car and an identical unmodified car and listed them for sale, the unmodified car would sell for a noticeable amount more. (maybe $5k max??) Again, enough for you to be ahead after selling the parts? IDK? Probably within a margin that is not relevant to your overall satisfaction and financial gain/loss
 
#9 ·
Thank you all. I greatly appreciate the collective wisdom. I’m leaning selling as-is also. Some of the parts are fairly easy to remove. Others not so much. Figured there are plenty of people out there willing to purchase OEM take offs anyway. And they are already off.

Btw, I’ll be moving soon and maybe I will find my (missing?) Eibach lowering springs when I clean out my shop, in case anyone is interested.
 
#10 ·
My advice - don’t sell.
Thank me later.
;)

But if you do proceed to market the car, return it to stock as much as possible.
A bit of CF trim here or there will not increase or decrease the car’s value or saleability.

But performance mods typically reduce the buyer pool interested in the car. Less demand means a lower price. Meanwhile, you‘ve invested serious money into the car that would return more if you parted the mods out.

take Joel Fleishman a couple of years ago - probably had $40k in mods from seats to wheels to suspension, etc. No interest at any price. He wound up trading the car in for less than a non-modded car would have given him, just to get it out of his garage. The only money he made was in selling a few of the easily removable mods (wheels, tires). John Elliott had a seriously modded track car (GMS rear deck and aero, even). Dealership bought it, but it took forever to sell. No idea the price. A non-modded car would have sold before it hit the showroom floor (they, and I, have a waiting list for those).

TBH, most of us already have OEM takeoffs in our garage. If we’ve modded the car. Sure, there will be some interest in a replacement this or an “I can’t find mine” that.

That’s my $0.02 (Canadian, no less, but that’s worth more today than it was for the last dozen or more years).

Good luck, whichever way you go!!!
 
#17 ·
Hmmm, I don’t quite follow. In your previous post you mentioned your broker quoted 6% duties… so we’re on the same page. Canada wants their revenue and won’t issue a credit just because you paid duties, tariffs or taxes to the US.

If you imported cars on the back of your trailer and didn’t see US CBP then you missed a step as regulations are quite clear.
If you’re towing yourself you have to stop before crossing into Canada and I see this often. However, I can imagine someone not knowing this nuanced procedure and taking the car right to CBSA.

But sounds like you already have a broker that can help navigate all this.
 
#20 ·
Interesting. Four scenarios come to mind: (1) The steel enters the U.S.A. first, from where it is re-sold to you in Canada; (2) the steel is shipped directly from the E.U. to you in Canada, without the U.S. vendor taking physical possession in the U.S.A.; (3) the steel is shipped to a duty-free customs warehouse in the U.S., from where it is shipped to you; (4) the steel is sold to you by the U.S.A. vendor on a duty-paid basis.

If scenarios (2) or (3), the importation into Canada would be in conformance with the Canada Order In Council that provides E.U. goods must be shipped directly from the E.U. to Canada in order to qualify for exemption under the E.U.-Canada FTA.

If scenario (4), duties would have been paid by the vendor in conformance with the Order in Council.

If scenario (1), then there must be a special tariff dispensation respecting steel imports that I am not aware of, so that the Order in Council does not apply. Otherwise, tariffs at the prevailing rate would apply, in accordance with the Order.
 
#21 ·
Interesting. Four scenarios come to mind: (1) The steel enters the U.S.A. first, from where it is re-sold to you in Canada; (2) the steel is shipped directly from the E.U. to you in Canada, without the U.S. vendor taking physical possession in the U.S.A.; (3) the steel is shipped to a duty-free customs warehouse in the U.S., from where it is shipped to you; (4) the steel is sold to you by the U.S.A. vendor on a duty-paid basis.

If scenarios (2) or (3), the importation into Canada would be in conformance with the Canada Order In Council that provides E.U. goods must be shipped directly from the E.U. to Canada in order to qualify for exemption under the E.U.-Canada FTA.

If scenario (4), duties would have been paid by the vendor in conformance with the Order in Council.

If scenario (1), then there must be a special tariff dispensation respecting steel imports that I am not aware of, so that the Order in Council does not apply. Otherwise, tariffs at the prevailing rate would apply, in accordance with the Order.
Steel was of German origin, and purchased from inventory of a US vendor.
Cost me only HST and $125 brokerage fees (On$4,500 worth of material).
Country of Origin was the key. Broker confirmed this.