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Old 07-29-2010, 05:56 AM   #1
felixk
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Default Who here has parted out an STI?

I'm thinking about picking up a totaled but running STI to part out . For those of you who have done it, how long did it take to part out? How much did you make back on it? I'm thinking I can pick up a damaged STI that still runs, and make my money back on the engine/trans alone. I've got the skills to do it, as I've swapped my bugeye before, and I have the tools/space as well. I figure if I can sell enough parts to make my money back I can keep some parts for my bug and make some profit as well. Any input? Good/bad idea?
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Last edited by felixk; 07-29-2010 at 04:00 PM.
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Old 07-29-2010, 02:29 PM   #2
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I would like your front control arms please
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Old 07-29-2010, 02:33 PM   #3
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Quote:
Originally Posted by felixk View Post
I'm thinking about picking up a totaled but running STI to part out . For those of you who have done it, how long did it take to part out? How much did you make back on it? I'm thinking I can pick up a damaged STI that still runs for around 6k, and make that back on the engine/trans alone. I've got the skills to do it, as I've swapped my bugeye before, and I have the tools/space as well. I figure if I can sell enough parts to make my money back I can keep some parts for my bug and make some profit as well. Any input? Good/bad idea?

Where can you find a wrecked STi with good mechanicals for 6K? Please let me know as soon as you can, I'd like to buy a few.
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Old 07-29-2010, 02:33 PM   #4
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i would venture to guess 6 months and a profit of 4k
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Old 07-29-2010, 02:46 PM   #5
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i don't think anyones going to share to the public where they can find a good mechanical condition STi because they'd be all over it. Hell, I'd be all over it. I may be wrong though, good luck.
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Old 07-29-2010, 02:49 PM   #6
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Parted out a WRX. Broke even without selling motor and transmission.
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Old 07-29-2010, 03:04 PM   #7
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The price is VERY balpark. I wasn't looking for for publicly, please PM if you have info.
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Old 07-29-2010, 06:01 PM   #8
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from my experience with parting other cars be prepared for it to take twice as long as you expect. so make sure you have extra space a car takes up a lotta space once you start taking it apart.
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Old 07-29-2010, 06:04 PM   #9
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I parted out the engine and trans of a WRX..took about a year and all I have left is a driveshaft, front axles and a couple misc brackets
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Old 07-29-2010, 07:23 PM   #10
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what year? i might be interested in some parts
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Old 07-29-2010, 08:10 PM   #11
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First of all, the deals on STi's are becoming extremely hard to find because a lot of companies (who can afford large purchases) and hobbyists (who don't care about making a profit) have entered the market which means the demand is high and the prices are too. The chances of making a profit are lower than ever.

Look at it this way: If you somehow make 5K profit off a part out, but it takes a year to move everything, you've had your money and your time tied up for a year. I don't know what you do for a living or what your financial situation is, but it might very well cost you money when you look at opportunity cost and time invested.

And it will take a LONG time to move everything. Especially in this market. I've watched prices for Subaru parts now for a couple of years solid and they are declining rapidly... $1800 6MT's, $2000 ej257 long blocks, etc, etc. Yet the prices of totaled STi's is going up and up. They go for $7k to 14K all day long. It's very hard to make any amount of profit to justify the initial investment.

I move parts all the time. Mostly drivetrain. I do this as a hobby to support my car hobby. I would NEVER choose to rely on it as a source of income and I think most people would feel the same way. If you want to come out ahead it takes a tone of work. Dozens of useless PM's and emails to get one semi-interested party. Then god help you if there's a dispute on the transaction for whatever reason. Because of this (and the fact that shipping is a bitch to get setup most of the time) you'll find yourself working locally more and more and this narrows your market down significantly.

I make the most money on the parts I sell, by adding value to them, mostly in the form of installs. I easily double or triple my profit on an item by selling it with an install. Something to consider. But that comes with a host of headaches too. Inevitably some dude will show up with a busted car and you will do your thing and then he will have something break because he's and asshat and abuses the piss out of the car and cuts corners on stuff and you're left in another dispute even though you had nothing to do with it. If you want to remain a friendly guy like I do, you usually end up fixing it for little to no money just to save your reputation. But this is off of the original intent of this post.

Cliff Notes: You are thinking the SAME thing every Subaru owner has pondered at some point. It generally is WAY more trouble than it's worth despite the awesome stories of fame and fortune people tell about parting these cars out.

(too much caffine today and the start of a four day weekend! )
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Old 07-29-2010, 08:45 PM   #12
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we bought back the salvage car when a friend rolled hers. It took for fricken ever due to us subie folks being tight asses and wanting everything for nothing. The car sat for several months with a piece here and a piece there leaving. As was stated, prepare to store it for a while. You can easily make back $6kish on one though. The trans swap is worth half of that alone. Good Luck!
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Old 07-29-2010, 08:46 PM   #13
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Quote:
Originally Posted by Jubert69 View Post
Parted out a WRX. Broke even without selling motor and transmission.
What year? If it was a 2.5 motor(05-07) that's pretty awesome. How long did it take?

Quote:
Originally Posted by kpluiten View Post
First of all, the deals on STi's are becoming extremely hard to find because a lot of companies (who can afford large purchases) and hobbyists (who don't care about making a profit) have entered the market which means the demand is high and the prices are too. The chances of making a profit are lower than ever.

Look at it this way: If you somehow make 5K profit off a part out, but it takes a year to move everything, you've had your money and your time tied up for a year. I don't know what you do for a living or what your financial situation is, but it might very well cost you money when you look at opportunity cost and time invested.

And it will take a LONG time to move everything. Especially in this market. I've watched prices for Subaru parts now for a couple of years solid and they are declining rapidly... $1800 6MT's, $2000 ej257 long blocks, etc, etc. Yet the prices of totaled STi's is going up and up. They go for $7k to 14K all day long. It's very hard to make any amount of profit to justify the initial investment.

I move parts all the time. Mostly drivetrain. I do this as a hobby to support my car hobby. I would NEVER choose to rely on it as a source of income and I think most people would feel the same way. If you want to come out ahead it takes a tone of work. Dozens of useless PM's and emails to get one semi-interested party. Then god help you if there's a dispute on the transaction for whatever reason. Because of this (and the fact that shipping is a bitch to get setup most of the time) you'll find yourself working locally more and more and this narrows your market down significantly.

I make the most money on the parts I sell, by adding value to them, mostly in the form of installs. I easily double or triple my profit on an item by selling it with an install. Something to consider. But that comes with a host of headaches too. Inevitably some dude will show up with a busted car and you will do your thing and then he will have something break because he's and asshat and abuses the piss out of the car and cuts corners on stuff and you're left in another dispute even though you had nothing to do with it. If you want to remain a friendly guy like I do, you usually end up fixing it for little to no money just to save your reputation. But this is off of the original intent of this post.

Cliff Notes: You are thinking the SAME thing every Subaru owner has pondered at some point. It generally is WAY more trouble than it's worth despite the awesome stories of fame and fortune people tell about parting these cars out.

(too much caffine today and the start of a four day weekend! )
First off, thanks for the thorough response, this is exactly the type of responses I was hoping for. I actually know a guy who does this locally, which is where I get all my parts. It takes him between 4-8 months to completely get rid of a WRX.

I do not mean this the wrong way, but please, please show me where I can get an 1800 working MT. I would honestly love to purchase it, dead serious. One of my main goals in this is to end up with a free 6MT.

I see you have first hand experience with this. If you can, PM me so I can ask you a lot more questions. I'm a college student, so anything I do is a source of income. I would be doing this after class and in my time off at school. A 2 car garage where I go to school costs about 50 bucks a month, and if not, many of my friends have off-campus houses where I can keep the car. Like you described, you do this as a hobby to support your car hobby, which is EXACTLY what it would be for me. I don't work at school, so I've got lots of downtime to answer pointless PM's. I've sold tons of parts on eBay/Craigslist so I know how it is to find buyers. I also have an android phone which allows me to be in touch with customers/PM's 24/7.

From what I've seen on the insurance auction websites, they go for <7k in almost every case. However, you need to know a dealer to get into one of these auctions, which I do. I'm not sure if that's how you obtain the cars, PM me if you'd like to share some info on this. I would ideally like to finish parting the car in <9 months (the school year). I'm not looking for fame and fortune, that's for sure. I was thinking a grand of profit, and maybe a set of brembos or a 6MT for my bugeye would be more than worth it for me. I love working on cars, and simply don't have money to work on my own anymore, or at least not enough to buy the parts I want.

I really like the point you brought up about adding value by doing installs, as this is something I'd be very capable of doing as well. I didn't even give that much thought until now.

Again, thanks for the awesome info and insight on the matter. Let me know if you can shed some more light on me through PM.
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Old 07-29-2010, 08:48 PM   #14
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Quote:
Originally Posted by spinnaker226 View Post
what year? i might be interested in some parts
Slow down bud. I was looking at 04-07 STI's obviously but this is just an idea for now. Glad to see interest though.
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Old 07-30-2010, 05:39 AM   #15
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My buddy wrecked his bugeye, bought it back from ins and I let him use my garage to part it out.
So him and another buddy who is a mechanic had the car completely disassembled in a total of 20hrs of work between them. Parts semi-sorted and ready to be sold. So it doesn't take long but, selling off all the left over parts is where the time becomes a factor. (ecspecially when they are being stored in my garage - but I can't complain as I got a good deal on the suspension haha) He made his money back on the motor itself as a drop in ready to go with turbo/manifolds/etc. since he bought it back from ins himself. Plus the fact if you were buying an sti for $5-6k, you'll make money but how much time do you have wrapped up in it?? Probably not worth it.

funny side story/ as they were taking thee last bolts off the suspension a tow truck pulled up to my neighbors house to drop off thier vehicle, they ran out and asked the tow truck driver if he'd want the shell (literally just the shell was left and other broken parts we threw inside it) Driver said as long as they had the title which they did and he pulled it up on the flatbed and took off. How about that for timing. haha
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Old 07-30-2010, 10:27 AM   #16
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Quote:
Originally Posted by felixk View Post
Any input? Good/bad idea?
I have not parted an STi specifically, but while I was actively racing and supporting my racecar habbit by parting cars, I gained a ton of knowledge and experience. I parted about a dozen cars. Here's some of what you should expect........


To fully part out a complete car and sell everything, it takes about 3 years.
Things that you would never imagine would sell will be in high demand.....for example, one Subaru I parted had probably 10 people looking for the gas filler door......I had zero interest in either the engine or transmission and ended up giving them away.
A full 80% of people who tell you that definately, positively, for sure, they swear they are taking a part will flake and you will never see them again.
To even break even, you will need to carefully remove difficult items like the wiring harness. If at all possible, carefully remove the windshield and all other fixed glass.
Don't expect to get the prices that you see and think you can get for anything.
To maximize your profit, be willing to separate assemblies. If someone only wants the heads at a price reasonable to you, sell them, then sell off the other engine parts separately.
Be ready for problems with parts that you sell. There's always a chance that someone is not going to be happy with something. Send pictures before accepting cash or even better....sell as much locally as possible. Personally, whenever I've had a buyer who is not 100% happy, I immediately return all of his money and ask him to only pay me what they think the thing is worth. I've always ended up with people happy in the end and some money for what I sold.
Scrap steel is just around $140 a ton at the moment. You DO want to try to sell panels of the car as much as possible, but be ready with the sawzall and air chisel to cut the remains into carryable sized pieces to go to the scrapyard. Expect remains to get maybe $20. If you get more than that, it's because you didn't sell enough off your car.
Fully stripping a car takes a LOT of time. I'd estimate 5 hours to remove everything to get the wiring harness out completely and undammaged. You have to remove a ton of stuff to get the entire harness out. At that point, if you get $100 shipped, you've done well.
Copper is still down. I forget what it was last time I brought it in, but it was well under $1 for insulated wire.
You need a long term place to store and work on the car. If you don't have this, you're toast. Don't rent anything to do this (including a trailer....I assume you have a trailer to pick up the car and drop off scrap steel....if not, you're not breaking even, most likely).
Local sales are best. Why? Because you'll put a craigslist ad in for a radiator and alternator and the wheels. Someone will show up and realize you've got more stuff they need and they'll walk away with the trunk, calipers and engine cross member (for example).

For a scaling factor....I was doing Honda/Acura. Anything I paid less than $2k for......for a good running/driving car, I could break even on. Anything over.....no....loss. I'm sure there's a higher number for an STi, but I'm going to make an educated guess that $4k is probably that number.

Lastly....I am assuming you have a good compressor with air tools and a decent garage and jacks and jack stands and no housing association. My setup is 13 acres with my garage sitting 200 feet from the house....500 feet from any neighbor, no HOA, 24x36' garage with a good compressor, lift, every tool ever invented and a wife who's understanding as long as I can show I did not lose money.

And post lastly....keep an excel spreadsheet for ever cent that went into the car project. From the gas you spent to pick up the car through the sawzall blades to the 50 cents you got for an emblem. Without the spreadsheet, you'll think you made thousands on the car. With the spreadsheet, you'll realize that all your work made you $283. When I started my first spreadsheet car, it really openned my eyes.
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Old 07-30-2010, 01:37 PM   #17
felixk
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Quote:
Originally Posted by Jack ffr1846 View Post
I have not parted an STi specifically, but while I was actively racing and supporting my racecar habbit by parting cars, I gained a ton of knowledge and experience. I parted about a dozen cars. Here's some of what you should expect........


To fully part out a complete car and sell everything, it takes about 3 years.
Things that you would never imagine would sell will be in high demand.....for example, one Subaru I parted had probably 10 people looking for the gas filler door......I had zero interest in either the engine or transmission and ended up giving them away.
A full 80% of people who tell you that definately, positively, for sure, they swear they are taking a part will flake and you will never see them again.
To even break even, you will need to carefully remove difficult items like the wiring harness. If at all possible, carefully remove the windshield and all other fixed glass.
Don't expect to get the prices that you see and think you can get for anything.
To maximize your profit, be willing to separate assemblies. If someone only wants the heads at a price reasonable to you, sell them, then sell off the other engine parts separately.
Be ready for problems with parts that you sell. There's always a chance that someone is not going to be happy with something. Send pictures before accepting cash or even better....sell as much locally as possible. Personally, whenever I've had a buyer who is not 100% happy, I immediately return all of his money and ask him to only pay me what they think the thing is worth. I've always ended up with people happy in the end and some money for what I sold.
Scrap steel is just around $140 a ton at the moment. You DO want to try to sell panels of the car as much as possible, but be ready with the sawzall and air chisel to cut the remains into carryable sized pieces to go to the scrapyard. Expect remains to get maybe $20. If you get more than that, it's because you didn't sell enough off your car.
Fully stripping a car takes a LOT of time. I'd estimate 5 hours to remove everything to get the wiring harness out completely and undammaged. You have to remove a ton of stuff to get the entire harness out. At that point, if you get $100 shipped, you've done well.
Copper is still down. I forget what it was last time I brought it in, but it was well under $1 for insulated wire.
You need a long term place to store and work on the car. If you don't have this, you're toast. Don't rent anything to do this (including a trailer....I assume you have a trailer to pick up the car and drop off scrap steel....if not, you're not breaking even, most likely).
Local sales are best. Why? Because you'll put a craigslist ad in for a radiator and alternator and the wheels. Someone will show up and realize you've got more stuff they need and they'll walk away with the trunk, calipers and engine cross member (for example).

For a scaling factor....I was doing Honda/Acura. Anything I paid less than $2k for......for a good running/driving car, I could break even on. Anything over.....no....loss. I'm sure there's a higher number for an STi, but I'm going to make an educated guess that $4k is probably that number.

Lastly....I am assuming you have a good compressor with air tools and a decent garage and jacks and jack stands and no housing association. My setup is 13 acres with my garage sitting 200 feet from the house....500 feet from any neighbor, no HOA, 24x36' garage with a good compressor, lift, every tool ever invented and a wife who's understanding as long as I can show I did not lose money.

And post lastly....keep an excel spreadsheet for ever cent that went into the car project. From the gas you spent to pick up the car through the sawzall blades to the 50 cents you got for an emblem. Without the spreadsheet, you'll think you made thousands on the car. With the spreadsheet, you'll realize that all your work made you $283. When I started my first spreadsheet car, it really openned my eyes.

That's a lot of info, I bolded the parts I found most interesting. Which Subaru did you part out? I'm assuming it was an N/A if you did not care about the motor. I would only buy a running STI, 04-07. I would also only sell the motor as a complete swap, since it would be a running longblock. I'm honestly not hoping to get rich from this, maybe just end up with a grand or two and a bunch of free parts for my bugeye. I'm at the point where I want to keep upgrading my bugeye but cannot afford to do so, and this seems like a fun/rewarding way to get parts and money. I honestly enjoy working on subarus, as probably most people here do. Even funner than putting one together, to me is taking one apart.

I know what you mean about the flakers, I've already sold a bunch of parts on eBay, CL, and the classifieds sections on here as well as other forums.

The only prices I feel that I know I can get are the parts I see go on here/eBay on a regular basis for similar prices. For example, I consistently see 6MT's go for well over 2k alone. Add in the entire 6MT swap (Hubs, axles, brakes, diffs, Clutch assembly) and they go for over 4k, currently. Running STI engines complete I usually see go for over 3k, and those two sold would most likely be more than what I paid for the car. I'm not 100% obviously, but from what I have seen on here, and continue to see on a daily basis (I'm a bit of a Nasioc/parts addict).

I do understand what you mean about the unhappy customers, which is why I would photograph EVERYTHING, and make sure to deal as much locally as possible. The numbers you posted in regards to Hondas/Acuras, are very, very low compared to what I see wrecked STI's going for. Most of them are going for over 7k, some for around 6 if you're really lucky. Like I said I know a guy who does this STI after STI, and does so successfully. He told me what's involved, and it is indeed A LOT of work, and a ton of time as well.

I do have almost every tool I would need, as I said I swapped my bugeye in my driveway, and I'm pretty sure that's as many tools as I would need to dismantle an STI. I have power saw's and lots of them . My dad loves tools. My parents wouldnt mind keeping the car here as long as I keep everything organized. However, my plan was to do this while away at college. A garage is only about $50 a month there, and I'd only need it until all the parts are off the car, after which I can keep that at my house/close friends house.

That is a very good point with the Excel sheet, I will most definitely be doing that if I decide to do this. Thanks again for all the info, this thread is becoming very helpful and informative.
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Old 07-30-2010, 01:42 PM   #18
Jubert69
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Took 2 days to disassemble, took about a month to sell everything.
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Old 07-30-2010, 01:57 PM   #19
Cbgrandtheftauto
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Quote:
Originally Posted by Jack ffr1846 View Post
A full 80% of people who tell you that definately, positively, for sure, they swear they are taking a part will flake and you will never see them again.

To maximize your profit, be willing to separate assemblies. If someone only wants the heads at a price reasonable to you, sell them, then sell off the other engine parts separately.

Be ready for problems with parts that you sell. There's always a chance that someone is not going to be happy with something. Send pictures before accepting cash or even better....sell as much locally as possible.

Personally, whenever I've had a buyer who is not 100% happy, I immediately return all of his money and ask him to only pay me what they think the thing is worth. I've always ended up with people happy in the end and some money for what I sold.


And post lastly....keep an excel spreadsheet for ever cent that went into the car project. From the gas you spent to pick up the car through the sawzall blades to the 50 cents you got for an emblem. Without the spreadsheet, you'll think you made thousands on the car. With the spreadsheet, you'll realize that all your work made you $283. When I started my first spreadsheet car, it really openned my eyes.

This, this, this, and this^^^....when I was parting out the WRX I had many of people tell me they wanted parts but never got back to me...so thats why I never held anything for anybody...it was always "first person to get me the money gets it"

when I started my parout I tried selling the engine whole but never got a single question..so then once I added "partout" in the thread my pm box blew up

I only had one problem when parting out the WRX...it was a 03 and had the sparkplug hole cracks...I didnt notice when I tore the engine apart but when I sold them the guy had them cleaned and found the cracks..I could have replied "haha..sucks to be you nerd" but I am a nice guy and didnt want that to come back on me so I asked if he wanted the heads and some money back..he replied "no" so I refunded him the money and even paid to have them shipped back to me...I then put them back in my FS thread and listed they had cracks and pics...next buyer came along understood what he was getting and bought them..(I got positive feedback from the guy so he was happy with what he got)

I wrote down what I waned for each par and what I ended up getting on each part..I ended up coming out just a tad to the good...I could have made a mint but when dealing with NASIOC people paypal for there own safety and of course paypal gets a cut...so I would have been about $600 richer if it wasnt for paypal's cut
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Old 07-30-2010, 02:02 PM   #20
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I parted out a 96 Impreza auto FWD. I got it for free and I probably made $8 on it.

I've done probably 5 1st gen Integras, 3 2nd gen integras, one EG civic, 3 95/96 Neons 1 88 Mustang GT, one 88 Mercury Marquis that I can remember. Different classes of cars but for the mustang and honda stuff, the market to sell is humungously huger than that of Subaru. Same with Neon as most Neon drivers can't afford to buy a new part. Subaru people tend to be higher income than either Honda, Mustang from what I saw. B series Honda people are by far the most sketchy.
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Old 07-30-2010, 02:07 PM   #21
Splinter
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I've parted out about half a dozen subarus

I wouldn't do it again unless I wanted parts primarily for myself. It's a lot of work for not much gain. Plus after people found out you've parted out a couple cars, they never stop bugging you for parts, even a year after you parted your last one
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Old 07-30-2010, 04:38 PM   #22
felixk
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^^^any of them STI's? I feel like they are the only ones worth parting for profit/parts. I wouldnt need WRX parts since I have a WRX, and the parts on them are worth peanuts anyway. An STI has lots of pricey goodies.
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Old 07-30-2010, 05:16 PM   #23
Splinter
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Quote:
Originally Posted by felixk View Post
^^^any of them STI's? I feel like they are the only ones worth parting for profit/parts. I wouldnt need WRX parts since I have a WRX, and the parts on them are worth peanuts anyway. An STI has lots of pricey goodies.
2, a mostly stock 05 and a fairly modded 04

Most of the 05 went onto my own car. I sold everything from the 04.

Now, I live on an island so that made it a lot harder for me, but it's still a lot of work and you need a lot of space to do it. A stripped apart car takes up as much room as 3 complete cars.
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