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HET Parts Investment Trust
  • Pacemaker500Pacemaker500
    Posts: 1,004Platinum Member
    Any one intersted in the possibility of a parts trust?



    Members of the Trust would invest thier money to help the Trust purchase those parts cars that show up on E-bay, Craigs List etc....



    The Trust would "employ" the more knowledgable members of the HET to assist with the valuation of the core parts.



    Members of the Trust would secure a location or locations to store these parts vehicles.



    The Trust would then sell that parts to the HET community and those restoring an H, E or T for a small profit (unless formed as a non-profit).
  • Jon BJon B
    Posts: 4,761Moderator
    Sounds like a noble idea. Are you volunteering your backyard and garage as the dismantling yard / parts storage building? Will you and some nearby Hudsonites be willing to spend their weekends stripping the cars? Who will hire the lawyer to fight the local zoning board when they come after you for maintaining an illegal junkyard? And when the potential "donor cars" are discovered in a field 100 miles away from the dismantling location(s), who will "front" the $100 gasoline bill for towing them home? (And whose roll-away will be used?)



    I don't mean to be snide here. It's a nice concept. Maybe some portion of it could be made operational. But as with so many other good ideas, it always seems to fall upon a handful of generous and hard-working Hudson volunteers to keep it going, and the parts buyers are notoriously unwilling to give just compensation for the hundreds of hours required to salvage these parts (I should know, I'm one of the original skinflints).
  • Aaron D. IL
    Posts: 1,648Platinum Member
    Pacemaker500 - I've had similar ideas and it really is rediculous that as a club we cannot use our economies of scale and round up all the parts cars that come up for sale (under some dollar amount) and strip them or put them together some place safe like I dunno maybe the desert where it never rains...if not in buildings. In order to benefit everyone present and into the future. Would likely be cheaper, and more feasible than reproducing parts everytime something becomes scarce. Plus every once in a while you see Hudson's come up for sale that are parts cars sold as a package deal in groups.... or junk yards or estates cleaning up that say "must sell or the city is going to crush it." The club should have a standby fund ready to rescue such cars when that comes up on short notice and keep either those cars or parts in circulation.

    Maybe give project cars either to chapters or younger members who want a Hudson project but can't afford to buy the car initially but does have the space and the time. Another member could mentor them in restoration and pass on their knowledge.

    Now having said all that there have to be the political/organizational will to do that at a critical mass of the membership participating actively with good intent and unselfishness. The other thing we got working against us is that we're geographically pretty dispersed.

    Perhaps a different structure or organizational model could accomplish that I don't know.
  • hudsonkid
    Posts: 2,298Platinum Member
    all the parts are out there, anything that is left out there, as a parts car, usually does not yield any of the hard to find parts.



    and if a car is out there worthy of being restored, it gets to a hudson person. I can't think of many present day examples where a good car got crushed, or a parts car did not get at least some of the useable parts saved.



    As long as a lot of these cars have been sitting, it is not even feasible to try to move them, or alter their location, because you will likely break them.



    If you want to start a hudson parts trust, go to a local meet, or a national, there, you will be able to buy plenty of parts, for unbelievable prices.



    honestly, the entire HET club is a "trust" of sorts. They comb the national car shows, and purchase all of the hudson parts, and you will find it easier just to go to a regional or national meet.



    Quite frankly, there are so many HET'ers out there that parted out a car or many, that most of them are to a point, where parting out anymore is going to be a logistical mess for them....
  • Park_WPark_W
    Posts: 2,051Platinum Member
    A somewhat related effort would be to use this model or a variant to acquire parts collections that are otherwise going to be scrapped. But, where would the parts be kept? How would they get transported there, who would inventory, price, and advertise them? As in the case of parts cars, this is a tough nut to crack. The gut says there's gotta' be a way, but ....
  • Heart Of Texas
    Posts: 700Platinum Member
    Fellas you are all failing to see that this is being done already...

    Bill Albright has this going on at the Twin H ranch. He and his grandson are taking in the stray Hudsons and bringing them back to life or dismantling them for to do the same for others... And this list goes on... the real problem is folks who are doing this are aging or succumbing to the costs involved...

    The start of this thread was a need for a cheap engine. Well eBay produced a running engine with 2 lever Trans in a car. The car was For Sale due to the quantity of Hudsons the seller has and more importantly the theft and vandalism being suffered. The later has become rampant due to a popular car hobbyist magazine running a letter to the editor which identified the seller’s storage location.

    So... buy the ones you can ... and if you can not well, they will get crushed along with their cousins of AMC, GMC, FORD marques. The cost of being a Hudson person is getting more expensive... too bad someone did not buy that PMaker... a running car with minimal rust and all the parts to fix... for less than $1K... A deal not to be seen again soon I bet.

    Off the crate... need to eat some of the apples there in.
  • Pacemaker500Pacemaker500
    Posts: 1,004Platinum Member
    I know that there are HETers doing this. Mr. Albright is the perfect example. As mentioned by Mr. Cates, age is a factor for some HETers as is funds. Thus the pooled funds in the Trust. My IRA had two such Trusts, one is for train cars and it is making money.



    But some of us that can not (due to space etc...) do have some funds that can be pooled to help save some of the parts cars that have slipped past all of us in the HET community in the last few weeks.



    The 52 Pacemaker that was on e-bay for $600.00 is what prompted me to post.



    We lost a good engine, transmission and rear end to the scrap pile (more than likely). A Parts Trust could have purchased the car, pulled the decent stuff and sent the rest to the scrap pile (for some $$ in return).



    I am sure there are HET Club members that may have room to store parts that are geographically placed so that it would be worth saving the parts.



    This is what I want to do when the Army stops moving my wife around the US of A. I would buy the HET Parts store for sale in Michigan, but I can not do so at the time because of the Army.



    I honestly think as a Deleware of Colorado corporation, an HET Parts Trust could work.
  • Ol racerOl racer
    Posts: 1,676Platinum Member
    FYI

    I dont have an answer to a Parts Trust, but along the same lines, I think people with large 'Parts Stashes' and children not involved with Hudson,or reside out of State, should leave written Intentions (upon an eventual event) on how to dispose their Parts to help Hudson's remain on the road by having an Option made available to contact the Regional Chapter or National HET Club for disposal advice/assistance rather than tossing 'Parts Stashes' in a dumpster just because its quicker to clean out the Estate ....



    However, the 'Chapter Contact Person', Pricing, Collection, and Warehousing of Parts is the difficult part and open for discussion/suggestion...



    If nothing else perhaps the 'Stash' could be donated to the National HET Club in exchange for a Tax Deductible (501E) Dollar Value to the Family...



    The 'Parts Stashes' then could be Sold or Auctioned during the Annual HET National Meet benefiting both the Club and Members......

    Just a thought....
  • Aaron D. IL
    Posts: 1,648Platinum Member
    Well that's where the working together comes in. Some have money but not space, some have space but not money, some have time but not space, some have knowlegde but not health, some have organzational and logistical know-how but not marketing expertise. etc etc.

    That's why the idea or some variation of it shouldn't be discarded wholesale. Because otherwise how do we keep cars and part in circulation without building a club factory? LOL

    Reality: 2007 is past us, the newest Hudson is now over 50 years old. We want to keep driving cars that are 50 plus we have to work in ways to make it possible. We can do nothing and watch it slowly get so only a few wealthy enough individuals can be invovled (or it might get to the point of groups of individuals for each car) OR we can use some coordination and steer the change so it stays a more accessible and friendly hobby for all members. Scarcity is what will drive up the prices, no reason for parts and cars to become artificially scarce if it can be avoided.

    We need 10 Bill Albrights to do the job at least. hehe (my .02)
  • 37 CTS37 CTS
    Posts: 510Platinum Member
    Too futher this dream, my idea is that we could use the collected parts and cars as "seed" to gain new members.

    Give the cars and parts to someone who will restore and be a member of HET. After all owning a collector car of any condition is a challenge for a young or family person.
  • Aaron D. IL
    Posts: 1,648Platinum Member
    37 CTS wrote:
    Too futher this dream, my idea is that we could use the collected parts and cars as "seed" to gain new members.

    Give the cars and parts to someone who will restore and be a member of HET. After all owning a collector car of any condition is a challenge for a young or family person.



    I think that's a great idea sheldon . Also it would fit in well with another trend. That of our veteran members who still want to own and drive a Hudson but are less inclined now to get down and crawl around underneath them to fix things. I think more of those members are now trying to buy cars in already restored condition. New and younger members could not only restore cars but if they want, sell cars they restored to veteran Hudnuts who could also provide the knowledge and know-how. win-win. And also a win for the club which is trying to keep 'em on preserved and on the road.
  • Pacemaker500Pacemaker500
    Posts: 1,004Platinum Member
    37 CTS wrote:
    Too futher this dream, my idea is that we could use the collected parts and cars as "seed" to gain new members.

    Give the cars and parts to someone who will restore and be a member of HET. After all owning a collector car of any condition is a challenge for a young or family person.



    An additional seed that I envision is getting some of these restorable cars into Auto Schools. Where my wife and I plan to retire is a 2nd tier auto school (below WyoTech) and I plan to see if they will take in a car a year for the classes to work on.



    But all in all, you see what this can do.



    I have already had one appointment with an attorney to start the basic paperwork to make the Investment Trust. We are trying to figure out how to return value to the Investors - parts, cash as sales are made or make it a non-profit but Investors can still get something back (parts).



    I am also working with other collectors to get ideas on how they sell their stock. Dollar cost averaging for pricing and valuation or first in, first out.