Po15 is a giant vehicle compared to a Bluebird U14 right. That's why I guessed a 40K. Sorry for that.
Yeah, prices are also not so stable nowadays. I understand, there will only be a thin and light margin off of a 2 Million worth car.
Calling this type of work restoration & art of lowballing, were educated to me through this forum itself.
I'm sorry to know I'm talking like a buyya now .
This is where I got the urge. When we were hunting for our family van earlier this year.
** This time I'm referring to 'skf2v Sinha Moonas' and Mitsubishi po5s
I initially saw an opportunity of abused interior , faded up paints, not so pleasant-looking home used vans with okayish mileages (140-170k) for vans above 2007. Nobody wanted them to look good, and nobody with the intent to use them personally wanted them.
** for the mileages I'm referring to not meter clocked ones, you can get an idea based on the condition if it's clocked or not...
Those were not putty filled vehicles also didn't have any structural damages during inspection, just minor scratches & dents what you can generally see in a 2007+ models.
They were listed for the market price like 3.5 Million those days and they negotiated a good 300K below, some even negotiated even more when repeatedly saying cash business .
They would have never bought the vehicle above what their negotiating price is at the first point. They used it so roughly and took advantage on the appreciation of vehicle prices during covid and advertised when in need for cash.
Just saying, If I buy a skf2v dx in the condition I mentioned above for 3.2 Million.
For what you call 'dressing up', that will cost me around 200-250k and if I sell with a 100K margin based on the effort, will it be unethical.
Mechanical side of things,on average, they just need some replacement of belts, filters, mounts, plugs and a complete service.
I could even source an entire gl interior trim through part shops over here in akurana/gelioya for around 60K+.
And already had an experience on transforming a van for 200k in total in 2020 November.
Buyyas don't even care of what I'm talking of. they just buy, drive, clock, sell, their fixes won't even be above 50k I guess. I have seen vans reappearing on sewana with just a price hike of 500k. And even worse, a van like above with a mileage of 450k was up for sale in a group for 3.2 Million (we actually brought down the price to 3 Million but, wasn't very interested due to its mileage) . The same van is now put up for sale without any significant differences for 3.85 Million in anothers hands.
The thing is I don't have a capital of 3 Million to start with. And I don't want to deal with vans as I'm young.