Finder's Fees

[Zedder]

What would a reasonable finder's fee be for a rare car like a '67 Z-28 with original paint, drive train etc. and less than 10,000 miles? It's been 20 years since I've paid a finders fee and I have no idea what is fair these days.

Thanks /ubbthreads/images/icons/smile.gif

[rich p]

What was the price of the car ??

[Zedder]

Less than market value - that's all I can say for now /ubbthreads/images/icons/smile.gif

[69rsss350]

It really depends on alot but I would say most of it would be related to the market value. I would say 50% of the amount less than market that you pay would be reasonable.

[69L89396]

5% IMHO

[Zedder]

Thanks guys,

I am the one who located the car. I really prefer Rally Sport Z's over standard grille cars, so I'm not sure if I want to keep it. Being in Canada and having to pay exchange, duty (7%) and about $1,000 US in frieght, makes buying the car and flipping it just not worth the hassle for the extra couple of thousand that would be left in it. However there has been a fellow hounding me to find him a nice example of a '67 Z-28 for over a year now and he has offered me a finder's fee for the right car. I didn't ask him how much because I really wasn't interested in getting involved in the hobby at that level. If it wasn't so nice I'd just tell him where it was if I wasn't interested, but where do you find original paint '67 Z's these days? I'll probably kick myself a year from now if I don't buy it myself. Decisions, decisions... Thanks again /ubbthreads/images/icons/smile.gif

[Jeff H]

If you can swing it, I would grab the car and see what kind of reaction you get from people at car shows next season. That may help you determine it's a keeper or not. I like the 67-68 RS/Z28 myself, but you don't have a lot of options with the 67's. It would also depend on what size shoe you wear, you don't want to hurt yourself when it comes time to do the kicking! /ubbthreads/images/icons/laugh.gif

[resto4u]

Hi mark, is this the one that was sold last year in kansas that you passed on? Roger

[Zedder]

Hi Roger,

Nope, it's a different one!

Mark

[Zedder]

Thanks Jeff,

My butt still hurts from the kicking I gave myself over Mark G's '67 Bill Thomas car. I could have bought that car before it was well-known for $25K from the police officer who restored it...but I thought that might be a little too much money 4 years ago...I'm sure I'm not the only one here that has said, "if only I...."

[tom406]

That 5% number sounds fair and about right. That's assuming you did some real legwork and found something that the fellow couldn't or wouldn't find on his own, and pretty much lined it all up. Passing on phone numbers or introducing people would be less compensated (somewhere between 4.9% and a heartfelt "Thanks buddy"). Whatever you do, its good to be upfront with your ideas or expectations, so that both parties are pleased with the deal, and might continue to work together in the future (and to avoid those years-long grudges over perceived slights).