Advice on liquidating projects, what is the best $ return? Options

[nine14cats]

I'm thinking of cleaning up my garage a tad. I've got several projects and some rental home rennovations going and it's just too busy. I've decided I will be on the track as soon as possible (whatever that means), so I have several options on what I can do.

I have a car currently being built (The BEAST). I also have a pretty V8 donor car (JLO). I've got spare 914 / 911 parts up the wahzoo.... (IMG:http://www.914world.com/bbs2/html/emoticons/laugh.gif)

I may continue with the "BEAST" build. I may pull the plug. I can get into an existing race car for about the same money as my current project, although The BEAST is new from ground up. I won't get that.

My question is: Is it our collective opinion that I would make more money back assembling finished cars and selling? Or parting out? I have the race car, I have JLO with EVERY part needed to finish it's V8 Renegade conversion in my garage. I have a 3.6 993 motor and full blown WEVO flipped tranny with every imaginable upgrade. I could make JLO a V8 or I could put the 3.6 in her. I could finish the race car (seems like bad return on money versus selling the parts).

What do you folks think would be the best way to recoup "some" of my money and get back to racing? This will help me with my cost analysis to help me think through my options. You get to help me with my homework.

Parts / Cars list:

Let's start with "The BEAST"

914 chassis.
Suspension points raised 2 inches in the body.
Full cage.
Fuel Cell.
Adjustable Sway bars. (SMART bar Front)
2 way adjustable shocks (Advanced Design).
Coil over fronts
JZR 4 pot racing brakes
Sheridan Body Kit
Roller Bearing suspension
Body work and chassis can be painted and car partially assembled.

Motor: 1995 993 3.6 with stock ECU. Has Patrick Motorsports coated 1 3/4 inch headers with O2. Motor has been dyno'd. All PMS clutch, DME, etc installed on motor.

Trans: Flipped 915 transmission fully rebuilt with new bearings, synchros, etc. WEVO 914 conversion end cover. WEVO gateshift internal. New bearing retainer assembly. New Paul Guard 80% LSD. Trans has been machined for external oil cooler.

WEVO reduced throw shift

Tires:

(4) 22x10x16 Hoosier R45 Bias Ply slicks (NEW)
(4) 23.5x11.5x16 Hoosier R45 Bias Ply slicks (NEW)
(2) 23.5x10.5x16 Goodyear R600 Bias Ply slicks (NEW)
(2) 25x13x16 Goodyear R600 Bias Ply slicks (NEW)

Wheels:

(4) HRE mesh 16x10 5 5/8 inch offset racing rims
(4) Diamond Racing 16x10 5.25 inch offset racing rims (NEW)
(2) Diamond Racing 16x12 5.25 inch offset racing rims (NEW)

Now let's look at JLO:

1975 914 finished car with STEEL GT extra wide flares. No rust. Everything there minus engine and trans. Yellow. 17x8 front rims and 17x9.5 rears (Borbet).

Motor and trans in my garage:

350 SBC V8. Demon 4bbl carb. HEI. Edelbrock Performer Alum heads and Intake manifold. Comp Cam. RH headers. Flowmaster 40's. Dyno'd at 380HP and 300 ft/lbs torque. Not a beater engine. Fully rebuilt to Renegade Hybrid (RH) specs (Wild Bill).

The engine has the RH serpentine system assembled on it with A/C compressor.

Tranny is a rebuilt tall gear ratio 4 speed 901 from RH. It is currently mated to the SBC utilizing RH conversion gear. I have all RH conversion parts including radiator / fan system, underdash heat and A/C system, RH engine cradle, tranny mounts, complete wiring harness installed on motor, etc....

I've got more goodies I could list, but you get the picture.

What are the opinions of the collective? Decision timing for me is to figure this out in the next 2 to 4 weeks.

Thanks,

Bill P.

[lapuwali]

QUOTE (jonwatts @ Oct 9 2005, 09:10 PM)

Since it sounds like everything you own is in pieces, I'd sell the pieces separately. I believe you'll make more (if not most) of your money back in parts vs finished car anyway. Do you know if your '75 chassis is smog exempt? I forget when exactly the cut-off was; I know '74's are exempt. Anyway, someone might be leary of buying a conversion car so close to the smog cut-off. Disclaimer: The above advice wasn't given just because I'd like to buy some of your parts (IMG:http://www.914world.com/bbs2/html/emoticons/smile.gif)

1975 is exempt. 1976 is NOT exempt.

I know what it's like to feel overwhelmed, but I also know what it's like to sell a half-completed project due to time pressures and later regret it when the time pressures go away.

In terms of actual dollar returns, I'd agree with Jon. Parts sell for more than the collective whole. Someone itching to do a V8 conversion would be well advised to just buy your engine/gearbox setup and slot it into their chassis. JLO's chassis is nice enough that the right buyer with a spare drivetrain already would be interested.