Note: the video below has quite a bit of cursing. Viewer discretion is advised.
When the trials and tribulations of flipping a classic car got too much for him, this former owner of a 1970 Dodge Charger decided the best course of action was to destroy his investment.
If you can get your hands on a notable car from the ‘70s, you could potentially turn that car into a lot of money. A cursory glance at eBay shows restored models going for tens of thousands of dollars, while original vehicles still in decent condition can go for almost $10,000.
So when Daniel Gagliardi picked up a 1970 Dodge Charger 500 in pretty good condition for $4,200, he thought that he could just turn around and sell it for double that amount. It was a pretty smart idea, but what he didn’t count on was how difficult it would be to sell his new car.
"Here's the deal: I had the car for six months, and I bought it for $4,200," Gagliardi told TheDrive in an interview. "I had it for sale, like I said, for six months. I was asking $8,500 for it. It was a complete car, not missing a single thing inside, out, underneath, under the hood, wasn't missing a damn thing. Had fender tag, VIN tag, clean title."
The problem? People would only give Gagliardi offers that were close or even below his original purchase price. "Then I reached a point where I wanted to get out of it, so I was willing to sell it even at a loss or sell it for whatever somebody wanted to pay for it."
After months of this, Gagliardi finally acknowledged that his plan to flip his Charger for a profit wasn't going to pan out. Instead, he started agreeing to any offer that would recoup even part of his purchase. But every time he organized a sale, the buyer never turned up to take possession of the car.
If people would just show up like they said that they would, and keep their word like a man, then they literally could've named their price and owned the car. But people simply just jerked me around, and just wouldn't show up," he said.
Which leads us to the above video. Since Gagliardi couldn’t sell the car, he decided to take it to the junkyard and turn it into scrap. An ignominious end for a classic car that should have been restored to its former glory, but that’s what happens in a saturated market. With one less Charger in the world, perhaps those buyers will be a little more genuine with their offers on the next set of wheels to come around.