Thread: P38 possible busted engine - whats it worth?

No way, you can buy a good runner for under 10k

4-5K max if the rest is immaculate

Originally Posted by HangOver

I saw a 1996 P38, the seller says it has "engine problems" won't or can't elaborate so i figure probably something serious like head gaskets or slipped liners or whatever....... so is it worth $7,500?

No.

it pays to ask, thanks guys

you thinking of turning posh on us steve

Just as a Base line , My TAFE teacher bought a 1996 P38a Range Rover , White , for under 9K & it's on it's 2nd engine.

Originally Posted by hillbilliywheelchair

you thinking of turning posh on us steve

not really, just pipe dreams of selling my daily driver and buying a car I actually like.
Í've always liked the p38's and they are just more or less coming into my price range.

I would have thought a non runner with a major problem such as a 'busted engine' is only worth very low numbers scrap money, ie it has no real value. A full reco or replacement engine is worth something like what, $5G to $7G with some one else doing the work. So this makes the car a $14G spend. Twice as much as what a going driveable P38 is worth. Offer him $1500 as that is all it is worth in my book.

The other thing to remember is that although we see many early P38s advertised now for $10G or there abouts that is not the selling price. And P38 buyers are a rare commodity. If I was looking at a $10G advertised P38 I reckon I would offer a max of $5G tops with some hard bargaining by the seller to get me to that $5G figure. And at the end of the day I think the seller would accept it. You only have to watch the car ads to see the inordinate length of time they are advertised for. P38 buyers are relatively rare - use that to your advantage.

Using my $5G example the other trick with buying a private used car is to offer this low price and let the seller knock you back as he is liable to. Return the next day with your $5G in cash and put it on the table for him to see. With the cash in front of him the seller will not want your $5G going back in your pocket and walking out the door.

Originally Posted by Grumbles

I would have thought a non runner with a major problem such as a 'busted engine' is only worth very low numbers scrap money, ie it has no real value. A full reco or replacement engine is worth something like what, $5G to $7G with some one else doing the work. So this makes the car a $14G spend. Twice as much as what a going driveable P38 is worth. Offer him $1500 as that is all it is worth in my book.

The other thing to remember is that although we see many early P38s advertised now for $10G or there abouts that is not the selling price. And P38 buyers are a rare commodity. If I was looking at a $10G advertised P38 I reckon I would offer a max of $5G tops with some hard bargaining by the seller to get me to that $5G figure. And at the end of the day I think the seller would accept it. You only have to watch the car ads to see the inordinate length of time they are advertised for. P38 buyers are relatively rare - use that to your advantage.

Using my $5G example the other trick with buying a private used car is to offer this low price and let the seller knock you back as he is liable to. Return the next day with your $5G in cash and put it on the table for him to see. With the cash in front of him the seller will not want your $5G going back in your pocket and walking out the door.

Interesting theory, but I doubt you'll be picking any 10K P38's for 5K, most peopl don't randomly half their asking price, 7-8k is achievable