View Full Version : Finders fees.
ZiggyL78
12-28-2014, 02:49 AM
Just wondering what you guys think about finders fees.If you were looking for a special car that you used to own and I said I think I know where it is,do you think I'm out of line to expect a couple of hundred bucks if you ended up buying the car?I wouldn't expect anything until the person actually bought the car.I'm talking about a rare collectable that would be worth 40K+.Call me crazy but there has been a number of times that someone has put me onto a car that I bought and I threw the guy $200 for helping me out.
Thanks
CamaroNOS
12-28-2014, 03:06 AM
Not at all, your service is worth that all day long for any car, <span style="font-weight: bold">especially</span> if the car is not even advertised.
How does that saying go....."you can't fix stupid".
Paul
marxjunk
12-28-2014, 03:39 AM
ive been on both sides....i think its a great thing
GTO_DON
12-28-2014, 05:49 AM
Should be 500-1000 at least on a good buy. Jmho. That's what I do
napa68
12-28-2014, 11:45 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: GTO_DON</div><div class="ubbcode-body">Should be 500-1000 at least on a good buy. Jmho. That's what I do </div></div>
THIS^^^^^^^^^^^^^^^^
69hurstSC
12-28-2014, 04:36 PM
I don't charge anything and I've connected around a dozen people with their old cars. In fact, I've created a facebook page that allows users to post the cars they're searching for on the site. I know others use themselves as a middleman for leverage and i'm not interested in that at all. I just get out of the way and hand over whatever information that's been uncovered.
The site has been very well received and I think that's because it's free.
Lost Muscle Cars (https://www.facebook.com/lostmusclecars)
resto4u
12-28-2014, 04:47 PM
I think a persons time has a value. If your making phone calls, chasing leads and looking at cars, that is fair for finders fee. Just be up front with them what you can do and how much. They can decide to use your help or go on there own.
Ryan1969Chevelle
12-28-2014, 04:57 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: 69hurstSC</div><div class="ubbcode-body">I don't charge anything and I've connected around a dozen people with their old cars. In fact, I've created a facebook page that allows users to post the cars they're searching for on the site. I know others use themselves as a middleman for leverage and i'm not interested in that at all. I just get out of the way and hand over whatever information that's been uncovered.
The site has been very well received and I think that's because it's free.
Lost Muscle Cars (https://www.facebook.com/lostmusclecars) </div></div>
Well done Wes!!
I think a finders fee in some circumstances is appropriate. The lines are blurry but if you use your gut feeling you won't go wrong:-)
Ryan
SS427
12-28-2014, 07:43 PM
I too used to do it quite frequently for people at no charge and just as a favor to the hobby. However after several of these people bought and sold the cars I helped them find and at a huge profit with little more than a thank you and the fact that it was taking me out of the shop where I (was) getting paid I started to charge a fee. Most people expect it but seldom offer it so you are not out of line asking for it. I have put some fantastic cars in the hands of collectors and feel I earned the fee for doing so. As was said, time is money and I should be able to earn money the same as anyone else. Especially if you are an expert in your field, you should get paid for that expertise.
Same goes for inspection fees. I almost 100% of the time save people more than the fee cost them. In many cases I have saved them well over $100k from buying a fake car. Because of that I no longer feel guilty about charging a fee.
GTO_DON
12-28-2014, 07:58 PM
Well said.
I have and am very happy to pay a finder’s fee for a rare car, I am very busy and I travel quite a bit for my primary job, so I don’t have the time or ability to search for special cars. I will gladly pay a finder’s fee for someone turning me on to a super car etc. So, let it be known, I will pay at least 1000.00 for anyone that brings me information about a Super Car or important collectors car that I end up purchasing.
njsteve
12-28-2014, 08:50 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SS427</div><div class="ubbcode-body">I too used to do it quite frequently for people at no charge and just as a favor to the hobby. However after several of these people bought and sold the cars I helped them find and at a huge profit with little more than a thank you and the fact that it was taking me out of the shop where I (was) getting paid I started to charge a fee. Most people expect it but seldom offer it so you are not out of line asking for it. I have put some fantastic cars in the hands of collectors and feel I earned the fee for doing so. As was said, time is money and I should be able to earn money the same as anyone else. Especially if you are an expert in your field, you should get paid for that expertise.
Same goes for inspection fees. I almost 100% of the time save people more than the fee cost them. In many cases I have saved them well over $100k from buying a fake car. Because of that I no longer feel guilty about charging a fee. </div></div>
Absolutely.
They are paying you for your years of experience and expertise in differentiating the frauds from the real cars. You should be paid for your time and effort especially if you take time from your day job to do it.
It's like shopping for a brain surgeon. Yeah, your buddy down the street who carves wooden statues with a chain saw could probably do the job for 1/100th of the price, but wouldn't you want someone who is an expert operating on your brain?
Yeah, that same chainsaw statue guy could look at an LS6 convertible and say it looks real to him. And then an expert comes in and laughs the moment he sees the crisp, hand-stamped engine block with circular broach marks and a shiny new window sticker, inkjet printed on fresh bond paper.
I've assisted a bunch of people looking at 70-73 Firebirds (455HO's and SD455s). If it's an easy time just looking at some photos to verify what is real and what is fake I just do it for the joy of spreading good will. If I had to travel, I would expect to be paid. In the past couple years I have been offered decent money to travel to "verify" a couple of my old Mopars that I used to own back in the 1980's.
I have saved a couple people some big dollars by stopping them before they pulled the trigger: I have seen some real doozies recently where supposedly real, 1970-73 T/As were obvious rebodies being offered by unscrupulous sellers. All it takes is one peak at a photo of the trunk bulkhead and I can tell when it's a rebody from the wrong year for that alleged car - each year used different stampings in the reinforcement. Then again, that's what I have learned from years of playing with these cars.
the427king
12-29-2014, 01:26 AM
I will cheerfully pay 1000.00 or even 2000.00 and even more more for any lead that leads to the purchase of a desirable car. As long as I get the information before already knowing about the car and know about the finders fee prior. I will also pay a finders fee for anyone that turns me on to any parts as above. The better the deal I get, the better the fee paid.
69hurstSC
12-29-2014, 01:22 PM
There's a ying and a yang to everything. I'm guessing those of you who have taken a fee have also benefitted greatly in finding other cars that were found as a result of your assisted research. Case in point, while helping someone find their old GTO Judge I stumbled upon a pasture full of GTO's. If it wasn't for this person giving me the information that they had on the Judge they were searching for I would have never been privy to this field of cars. I just so happened to be the benefactor of taking the individuals research to it's end conclusion. It happens all the time and I've discussed this with many other automotive archaeologists. To me this type of reward is FAR greater than charging someone $1,000.
I view charging someone and also benefitting from finding other cars or stashes of parts a double standard. Unless of course you split the profits from any purchases with the person who supplied you with the information.
Now authenticating a car is a completely different conversation and doesn't apply to the question at hand....
whitetop
12-29-2014, 06:40 PM
A local guy I know some what well and considered a friend told me he wanted to sell a 30+ acre plot of ground for $130k. Later that same day I told a client of mine about it and he went to my friends house and bought it that night from him directly, no middle man, no real estate agent involved. From the time my friend told me about to when he had a signed contract was less than 8 hours
My "friend" did not call to thank me and he knew exactly who sent my client his way because my client told him..a finders fee? yeah right.
No longer a friend and he knows why.
BTW my client thanked me for the lead numerous times and I still have his business to this day
XXXGoldL34M20
12-29-2014, 08:54 PM
I have done some referrals and sometimes helped people sell there car for no fees at all. Some people have thanked me but some have not.
One thing is for sure I don't do any more favours for no one unless they give me a finders fee up front or pay me to sell there car so it is advertised world wide.
It is so sad when you help someone and do not get acknowledgment or Thanks for what you do but getting older you get wiser and just know that the average Joe will use you for what you know and expect to give you nothing.
For me not anymore <<GRAEMLIN_URL>>/biggthumpup.gif
SS427
12-29-2014, 10:17 PM
I have clients that I work with that sometimes I charge and sometimes I do not. It just depends on the particular circumstance. I also recognize what goes around comes around and several of these clients have become friends and pay for things in other ways. It doesn't always have to be monetary. I have learned to recognize who takes advantage of us and who does not and it works both ways. Some buyers have boatloads of money and can certainly afford to pay for services, be it finders fees, inspections or restorations. Sometimes these very same people start nit picking and counting pennies. I do not charge anyone any differently based upon their net worth so when they start getting that tight I have learned it is better to just walk away. People who want something for nothing usually end up with nothing. On the other hand, helping someone out at no charge in some cases comes back and pays dividends. You just have to recognize those when the situation arises.
PLATINUM6BBL
12-30-2014, 02:48 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: the427king</div><div class="ubbcode-body">I will cheerfully pay 1000.00 or even 2000.00 and even more more for any lead that leads to the purchase of a desirable car. As long as I get the information before already knowing about the car and know about the finders fee prior. I will also pay a finders fee for anyone that turns me on to any parts as above. The better the deal I get, the better the fee paid. </div></div>
Friend of mine has a 335hp 427 and trans he is thinking of selling. He pulled it from a loaded 69 Caprice before he crushed it. Yes, crushed. Crushed me as well. He had someone offer a $1000 for it but I told him to hold off.
WILMASBOYL78
12-30-2014, 01:01 PM
I would think a good 427 engine and TH400 trans...even though they are not the hi-perf versions would be worth more than a grand...assuming they are in decent shape and can be rebuilt. Both are easily upgraded for performance..
wilma
PLATINUM6BBL
12-30-2014, 02:04 PM
My original post on the 427 Caprice
http://www.yenko.net/ubbthreads/ubbthrea...pics#Post462756 (http://www.yenko.net/ubbthreads/ubbthreads.php/topics/462756/re-427-caprice-lead-now-w-pics#Post462756)
69hurstSC
12-30-2014, 03:03 PM
Over the last 10 days we've reunited 3 people with their old, lost cars on https://www.facebook.com/lostmusclecars
Those cars were:
71 Cuda
72 Nova SS
70 AMX
protree68
12-31-2014, 02:12 AM
If it helps get you the rare car pay up . I will
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