There is one variable that we don't know yet. What is he willing to give you as the vehicle sits? In other words, not repaired?
Unless he is going to absolutely low ball you (like $500.00 or less) then I would not fix it. The value of the vehicle appears to be around $2,500.00 to $2,800.00 so we don't put potentially $1,500.00 in it just to get a couple hundred dollars more. If they are going to give you $800.00 for it, then why spend up to $1,500.00 just to get $2,500.00 which is $200.00 more than just selling it as is. The reason is, once he gets into it, the bill can rack up quick because he finds things he didn't know where an issue. Happens all the time.
If you can get $800.00 or more for it, I would just sell it as is. If this person is going to offer $500.00 or less, then it may be worth while to see if there are others that will pay more or you could at that point entertain fixing it. Again, keep in mind your margins are tight so any money you put into it should only be to make it sell-able. This means you have no takers for it as is and have to put money into in order to sell it.
Sounds like if it were me, I would see what this person offers and then tell them that you can get more if you fix it. So if you fix it you are going to want a higher amount. This may put some pressure on them to up their offer and at that point, I would sell as is.
Let me know if you have questions and please run these numbers yourself just to be sure I didn't get them wrong.
Friday, January 17th, 2020 AT 2:21 PM