LUSSO
Re: LUSSO
Posted by Tom
Drew,
Run, don't walk, away! Rumor has it that the seller is looking for more than $70k for that car. Considering an engine rebuild for that car will cost $15K even with the heads done, the bodywork for at least $10K, carpeting, and probably leather for the interior for another $5-10K, and you'll easily be in it over $100K and that's not including the inevitable incidentals that will run into the thousands! There's a reason why it's not the first time that car has been on e-bay. Look back on this message board, and you'll see the last time that car was listed!
I've seen Lussos that are running and driving for about $130K that may be had for $110-$120K, which sounds like a ton of money (which it is for us working stiffs!), but when you consider what it would cost to restore that wreck, it begins to sound like a bargain!
Tom
Drew,
Run, don't walk, away! Rumor has it that the seller is looking for more than $70k for that car. Considering an engine rebuild for that car will cost $15K even with the heads done, the bodywork for at least $10K, carpeting, and probably leather for the interior for another $5-10K, and you'll easily be in it over $100K and that's not including the inevitable incidentals that will run into the thousands! There's a reason why it's not the first time that car has been on e-bay. Look back on this message board, and you'll see the last time that car was listed!
I've seen Lussos that are running and driving for about $130K that may be had for $110-$120K, which sounds like a ton of money (which it is for us working stiffs!), but when you consider what it would cost to restore that wreck, it begins to sound like a bargain!
Tom
Re: LUSSO
Posted by Tom
Oh Yeah,
What about the chrome? Can you see how rusty the front bumper is? If that's any indication of the rest of the chrome, you'll need to re-chrome EVERYTHING! If things are not rusted out beyond repair, good work chrome work will cost several thousand dollars as well!
Tom
Oh Yeah,
What about the chrome? Can you see how rusty the front bumper is? If that's any indication of the rest of the chrome, you'll need to re-chrome EVERYTHING! If things are not rusted out beyond repair, good work chrome work will cost several thousand dollars as well!
Tom
Re: LUSSO
Posted by John
Peter Sweeney in CT has a not-concours-but-nice red Lusso with a gorgeous original red interior for $128k. He's had it for awhile so he may be willing to do a deal. This is the kind of car that would do anyone proud after spending a couple $K on detailing and details. There's a silver one out in CA in similar condition -- soemwhat better-looking engine compartment, worse interior -- for a similar price. Spending $70k - $80k for a barn find and another $60k or more to make it right seems crazy to me.
There are pix of Peter Sweeney's car at http://www.forza.weblobby.com
I have no affiliation, etc...
Peter Sweeney in CT has a not-concours-but-nice red Lusso with a gorgeous original red interior for $128k. He's had it for awhile so he may be willing to do a deal. This is the kind of car that would do anyone proud after spending a couple $K on detailing and details. There's a silver one out in CA in similar condition -- soemwhat better-looking engine compartment, worse interior -- for a similar price. Spending $70k - $80k for a barn find and another $60k or more to make it right seems crazy to me.
There are pix of Peter Sweeney's car at http://www.forza.weblobby.com
I have no affiliation, etc...
Re: LUSSO
Posted by Tom
...and if you need any justification in spending that kind of money, Lussos are at about as cheap as they'll get, and what else are you going to tie up your money in? The Stock Market?!?...now if I only had that kind of money!
Tom
...and if you need any justification in spending that kind of money, Lussos are at about as cheap as they'll get, and what else are you going to tie up your money in? The Stock Market?!?...now if I only had that kind of money!
Tom
Re: LUSSO
Posted by Scott
If you tracked the bidding (post auction where bids are shown) on this Lusso the last time it was at auction it bumped up from the $70,000 level to the fianl selling bid at $90,000 all due to one bidder taking it from $70m to $90m. Afterward the guy apparently reneged. Makes you think there might be some funny business going on!  
If you tracked the bidding (post auction where bids are shown) on this Lusso the last time it was at auction it bumped up from the $70,000 level to the fianl selling bid at $90,000 all due to one bidder taking it from $70m to $90m. Afterward the guy apparently reneged. Makes you think there might be some funny business going on!  
Re: LUSSO
Posted by Tom
This is at least the second time this car has been auctioned on E-bay, and I don't think this car is getting the money the owner wants. It's too bad because this car will only continue to languish until either the owner becomes realistic with his asking price, or the market gets high enough to make a restoration a reasonable endeavor!
Obviously the owner wants something around $90K for this car, but since decent running and driving Lussos can be had for $130K, the $40K difference will never restore that car!
Tom
This is at least the second time this car has been auctioned on E-bay, and I don't think this car is getting the money the owner wants. It's too bad because this car will only continue to languish until either the owner becomes realistic with his asking price, or the market gets high enough to make a restoration a reasonable endeavor!
Obviously the owner wants something around $90K for this car, but since decent running and driving Lussos can be had for $130K, the $40K difference will never restore that car!
Tom
Re: LUSSO
Posted by Nick
Always felt the Lusso was just gorgeous, so I bought one from Shelton a few months ago. It had a ground-up mega-buck restoration in 1988 while in Japan. No expense was spared. The design of the car is breathtaking. The price -- at the high end of the Lusso market -- makes the 355's and 360's look foolish at their prices. For what I got, I feel I cheated someone!  
Always felt the Lusso was just gorgeous, so I bought one from Shelton a few months ago. It had a ground-up mega-buck restoration in 1988 while in Japan. No expense was spared. The design of the car is breathtaking. The price -- at the high end of the Lusso market -- makes the 355's and 360's look foolish at their prices. For what I got, I feel I cheated someone!