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Old 01-24-2019, 03:00 PM   #1
Fleecy_Puddle
Scooby Newbie
 
Member#: 496892
Join Date: Jan 2019
Location: OH
Default Rust's Effect on Resale Value - '06 WRX Wagon

So I might be moving from OH to the South West in a couple months and I am debating what I should do with the car when I do. I would appreciate any thoughts or advice.

Car: 2006 WRX Limited Wagon, Red on Tan, 5MT, 107k miles, no modifications (as far as I can tell). No mechanical issues.

The issue: Rust. The car has been in Ohio all of its life, and is a bit rusty as a result. Nothing is major, mainly surface rust on the undercarriage, but the rust is bubbling the paint on the passenger rear wheel well (see pic). Best I can estimate, it would be $1-1.5k to repair the rust (cut and weld in new sheet metal, repaint) plus more to sandblast the undercarriage and re-undercoat.



My options:
1) Keep the car. I would keep the car for another couple years until I pay off my student loans, then sell and upgrade to something else. I think I would take a big hit on the resale value in the SW with the rust, and the simple fact its from Ohio.

2) Fix the rust and keep the car. The resale value will still take a hit, even if the rust repair is done properly.

3) Sell the car in Ohio before I leave. This could be tricky since I will have limited time (1-2 weeks), but the rust won't be as large of a sticking point.

Does anyone have a guess as to the decrease in value due to the rust if I tried to sell it as-is in the SW/SoCal area?

Thanks!
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Old 01-24-2019, 03:21 PM   #2
AWD BRO
Scooby Newbie
 
Member#: 488722
Join Date: Jul 2018
Chapter/Region: MWSOC
Location: Royal Oak, MI
Vehicle:
2000 2.5rs w/EJ20K
& 2 other GCs

Default

Definitely sell the car before you move. With even rust like that you'll have a hard time trying to get anywhere close to what an identical rust free car in SoCal will sell for.
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Old 02-05-2019, 06:19 PM   #3
Exit 37
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Member#: 475618
Join Date: Oct 2017
Chapter/Region: SCIC
Location: Palmdale, CA behind a computer
Vehicle:
2006 WRX
World Rally Blue

Default

You can repair the rust and take the resale value hit, or be lucky and sell it to someone looking for a track duty car or some dumb high schooler that'll pay asking price just boy race it until it's totaled.
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