Location: Soviet Socialist Republic of Massachusetts
Posts: 2,513
The #5 conditions seem a bit high for whats on the market. I've seen lots of major work mustangs going for a lot less than those. Guess it depends on what defines major work.
Kid yourself guys... I have a 66 convertible that is a long way along at being just like concours new. I'd be lucky to get $20k out of it. Just get used to the new market!
Both NADA and the magazine don't make me feel so bad about what I paid for my coupe. It was still not even close to as represented and I've been putting some good money into it, but it's all good.
__________________ "Natalie", '66 Coupe
Freshly Rebuilt 4-Speed w/ Hurst Performance Plus
289, Holley Carb, Edelbrock Intake and Water Pump, Tefba, Summit Direct Fit Rad
3.55 with Posi, Zoom Clutch
Next On the Agenda:
Interior - Replace floorpans (in progress), new carpet, tilt column, new steering wheel
Exterior/Body/Performance: Windshield (in progress), New cowl (in progress), weatherstripping, power steering
According to NADA my 68 vert should run between $25k and almost $39k and that's taking a 20% hit for being a six cylinder. It's much better than "average" and probably very close to 'high" retail. In July 2012 I paid $19.5k plus $1000 shipping, $1300 state registration and sales taxes, and $2000 for all new front suspension and other tweaks. So, I'm into it for $24k. It's an extremely top notch car but not perfect by any means. I don't figure I could sell it for what I've got into it but I have no desire to sell anyway. I chose a car that should suit me just fine for a very long time.
Still... it's fun to know what it might be worth.
According to NADA my 68 vert should run between $25k and almost $39k and that's taking a 20% hit for being a six cylinder. It's much better than "average" and probably very close to 'high" retail. In July 2012 I paid $19.5k plus $1000 shipping, $1300 state registration and sales taxes, and $2000 for all new front suspension and other tweaks. So, I'm into it for $24k. It's an extremely top notch car but not perfect by any means. I don't figure I could sell it for what I've got into it but I have no desire to sell anyway. I chose a car that should suit me just fine for a very long time.
Still... it's fun to know what it might be worth.
They seem about right. The area, and market will change them somewhat. I figure I will have $20k, plus a million hours in mine when done. Should have no problem recovering it if I wanted to sell. Especially at my current hourly rate of $.02/per hour. LOL.
__________________
68 Fastback.
Was a 289-2V, w/C4.
Now a 351Windsor-4V, w/Toploader
I couldn't disagree more. Sure a convertible or a fastback bring more and generate more interest, but all the classic mustangs are excellent investments. 10 years ago a 65, 66 coupe was doing good if it sold for $5,000. Now days $15,000 for well done coupes is becoming common.
Now cars from the 80's, those are rarely a good investment.
__________________
A ship in harbor is safe, but that is not what ships are built for.
I couldn't disagree more. Sure a convertible or a fastback bring more and generate more interest, but all the classic mustangs are excellent investments. 10 years ago a 65, 66 coupe was doing good if it sold for $5,000. Now days $15,000 for well done coupes is becoming common.
Now cars from the 80's, those are rarely a good investment.
I've seen $15,000 for near-perfect coupes, and 9 out of 10 guys cannot restore one from a typical rusty project for that much.
I'll have close to $10k into my car when I'm done doing paint and body work myself, and most people won't touch paint.
I've seen $15,000 for near-perfect coupes, and 9 out of 10 guys cannot restore one from a typical rusty project for that much.
I'll have close to $10k into my car when I'm done doing paint and body work myself, and most people won't touch paint.
For coupes, you're better doing a resto-mod and enjoying it. A well-done restomod coupe will bring a lot more than a really nice original restoration.
__________________ Plain Jane 65 Coupe - Scary fast (at least that's what my wife says). (SOLD 10/2012)
Feature Car in December 2010 StreetScene (the magazine of the National Street Rod Assoc)
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