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restcon
Samba Member
Joined: October 26, 2020
Posts: 37
Location: Columbus Ohio
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 Posted: Tue Oct 27, 2020 9:06 am Post subject: Buying a Thing - Mileage Unkown |
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I am considering buying a 1974 Thing with mileage unknown ( listed as exempt on the tile). Estimated to be 150K. Will this cause a problem trying to sell it later?
It is an older restoration - new engine, paint top, top frame, gas tank... down to new nuts and bolts.
Should I be concerned about resale? |
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77kafer
Samba Member
Joined: April 08, 2008
Posts: 823
Location: New Windsor, NY
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| Posted: Tue Oct 27, 2020 12:50 pm Post subject: Re: Buying a Thing - Mileage Unkown |
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NO
_________________
Supposed to be 77käfer, but there are no umlauts on an american keyboard
Overheard on 27 June 07, one lady to another when they saw my Harli in a parking lot at West Point, "maybe he found it on the clearance aisle at the Volkswagen dealer" |
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KAmes
Samba Member
Joined: February 16, 2014
Posts: 876
Location: Illinois
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| Posted: Tue Oct 27, 2020 6:56 pm Post subject: Re: Buying a Thing - Mileage Unkown |
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| With cars this old mileage won't matter much, the overall condition of the car will be more important. Personally I never think much about resale, I just buy what I like and if I decide to sell it I figure I got my use out of it. Buy it and enjoy it! |
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Joe 20
Samba Member
Joined: August 27, 2005
Posts: 655
Location: Ohio
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| Posted: Tue Oct 27, 2020 7:12 pm Post subject: Re: Buying a Thing - Mileage Unkown |
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| Look at the sticky note at the top of this forum, "What to look for when buying a Thing" to see if you missed anything. You haven't even decided to buy it, quit worrying about resale...unless you want to quick flip it. |
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wbailey2112
Samba Member
Joined: October 02, 2015
Posts: 483
Location: Grove City, OH
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| Posted: Wed Oct 28, 2020 4:46 am Post subject: Re: Buying a Thing - Mileage Unkown |
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I'm also in Columbus (Grove City) and have owned a '74 Thing for 5 years. If you have any specific questions send me a PM and I'll share my experience in searching for and finally buying a Thing in Ohio that was not a just rusty mess.
_________________
'74 Thing
'83 Westfalia |
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CraigInPA
Samba Member
Joined: March 09, 2011
Posts: 212
Location: Norristown, PA
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| Posted: Wed Oct 28, 2020 7:23 am Post subject: Re: Buying a Thing - Mileage Unkown |
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US Federal law allows vehicles over 10 years old to be sold as TMU on the whim of the dealer, regardless of whether there is a working odometer in the car.
A lot of "full restorations" of older cars have the odo rolled back to 0, on the idea that the car is basically "new" once restored.
Craig |
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Wildthings
Samba Member
Joined: March 13, 2005
Posts: 50336
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| Posted: Wed Oct 28, 2020 10:23 pm Post subject: Re: Buying a Thing - Mileage Unkown |
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| Why would having low mileage hurt its resale value? |
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