R50/53 MINI (not mine) damaged at track event: repair or sell?
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pug poo picker-upper
Joined: Jun 2002
Posts: 9,803
Likes: 30
From: California
I got this from a fellow MINI enthusiast and figured I throw this out on the forum to see what you all thought.
- Dave
Hope someone has some helpful advice.
- Dave
I rolled my MINI at a race track last January (over a year ago), and had it taken to a local body shop for repairs. At the time, the body shop owner gave me an estimate of around $12,000. Since that was around half the price of the car, I told him to go ahead with repairs.
Nine months later, I finally got the car back. The repairs weren't done satisfactorily, so I was able to stop payment on my check to him. Because the accident was part of a speed-related event, I didn't even try to turn it in to my insurance.
I brought the car to the MINI dealership (the closest to where I now live) for service, and to check out mechanical issues with the car. I just found out that there is transmission damage, among other things. They haven't given me an estimate yet, but have told me the car isn't safe to drive. I'm about 7 hours from home, so can't just drive home and decide at my leisure what to do about having the car repaired.
What do you (and other members of the club) suggest I do? Have the car repaired, whatever the cost, and keep it? Have the car repaired, then put it up for sale (with full disclosure) on E-bay? Put it up for sale as-is on E-bay and have to trailer it back to my home? I should say that I have another MINI, purchased after the accident, when I realized it would take a while to get this one put back together. So I really don't need this one, but I don't want to just put it in the trash (figuratively speaking).
Nine months later, I finally got the car back. The repairs weren't done satisfactorily, so I was able to stop payment on my check to him. Because the accident was part of a speed-related event, I didn't even try to turn it in to my insurance.
I brought the car to the MINI dealership (the closest to where I now live) for service, and to check out mechanical issues with the car. I just found out that there is transmission damage, among other things. They haven't given me an estimate yet, but have told me the car isn't safe to drive. I'm about 7 hours from home, so can't just drive home and decide at my leisure what to do about having the car repaired.
What do you (and other members of the club) suggest I do? Have the car repaired, whatever the cost, and keep it? Have the car repaired, then put it up for sale (with full disclosure) on E-bay? Put it up for sale as-is on E-bay and have to trailer it back to my home? I should say that I have another MINI, purchased after the accident, when I realized it would take a while to get this one put back together. So I really don't need this one, but I don't want to just put it in the trash (figuratively speaking).
Hope someone has some helpful advice.
3rd Gear
Joined: Jan 2004
Posts: 286
Likes: 0
From: Southern California
Hope your friend came out of the roll over in better shape than the MINI.
Without all the details of what is wrong and photos, and based upon what you posted, it sounds as though "sell as is with full disclosure" is the most cost effective conclusion. Hopefully a race team will pick it up and give it a second life.
Without all the details of what is wrong and photos, and based upon what you posted, it sounds as though "sell as is with full disclosure" is the most cost effective conclusion. Hopefully a race team will pick it up and give it a second life.
3rd Gear
Joined: Nov 2003
Posts: 216
Likes: 0
From: Indianapolis, IN US
Have to agree with the MadMan here.
It sounds like money isn't a huge issue. After all, he has already bought another one and was ponying up 12 large to fix the first. So I guess keeping it and putting the money into making it into a track car is about the best thing to do now. No one (certainly I wouldn't) would want one that had been rolled and fixed incorrectly then re-fixed. So a track car makes a lot of sense. Whether or not he keeps it and does it or sells it as one for someone else to do.
My 2 cents.
Enjoy yours
It sounds like money isn't a huge issue. After all, he has already bought another one and was ponying up 12 large to fix the first. So I guess keeping it and putting the money into making it into a track car is about the best thing to do now. No one (certainly I wouldn't) would want one that had been rolled and fixed incorrectly then re-fixed. So a track car makes a lot of sense. Whether or not he keeps it and does it or sells it as one for someone else to do.
My 2 cents.
Enjoy yours
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6th Gear
Joined: Aug 2003
Posts: 1,231
Likes: 1
From: PA/NJ
I'll add a third vote for turning it into a full-time track/race car.
Without more info, it would difficult to put a value to the car and it sounds like dumping more money into it to make it streetable again would be questionable.
The saying goes: If you can't afford to lose it, you can't afford to race it.
Without more info, it would difficult to put a value to the car and it sounds like dumping more money into it to make it streetable again would be questionable.
The saying goes: If you can't afford to lose it, you can't afford to race it.
Neutral
Joined: Nov 2003
Posts: 3
Likes: 0
From: Saratoga NY
I'd vote for turning it in to a serious track car or selling it with full disclosure. I think a full track car would be a lot of fun, and if he just wants to cut his losses he could sell for salvage. :smile:
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