US postal has dropped the new Mustang Monthly in my postbox 2 weeks ago here in good old germany and I was thrilled to read the headline:
"What is it worth? - exclusive 65-73 Mustang value guide"
After reading this article I was amazed about the low prices listed there. They have classified as following:
1= Like New, complete restauration, show winner on large shows
2= Like 1 but with minor wear
3= Excellent original condition or recent complete original restauration
4= Restored some years ago, minor things to do
5= Needs major work
Here comes some prices and I would like to know your opinion on those, all in US$ (k means 1000 US$) condition 1/2/3/4/5
We've had some discussions about this. Of course, some people claimed those prices are bogus. But I think they're accurate. Those prices are based on what cars are actually selling for, not what sellers would like to get.
Consider that most of the cars we see on TV are rare and very high end. And many of the cars we see advertised online are overpriced and likely won't sell at that price.
Looks low here and there. Example: show me a 66 289 4v fastback that has been restored with only minor things to do for $10k, or the vert for $10.8k and I'll bring cash and a trailer.
A very interesting article. Of course, I immediately looked up the value of my Coupe (It's "just-a-coupe" !). My car is being upgraded right now. Prior to that, I rated it as a Condition rating #4. The value in the chart for that is $6,000. That is exactly what I paid for mine when I bought it 2 years ago! (although the car had been parked for 5 years, and I had to do a lot of mechanical work to make it a reliable driver afterwards). After I finish the partial restoration, according to that guide, the Condition rating should go up to a #3 at least. And the value raised to $9,800. Interesting. Of course this is all subjective, I know. If I was to sell my car, I will ask for more than that, based on all the money I've spent (and I've got all the receipts!).
After some thought I have to agree with Klutch. I knew when I bought mine I was paying more than it was worth but it was close enough to view as opposed to buying something for a few grand less over the net, plus tack on the cost of shipping and finding a horror story when it arrives. We've all heard the stories. All in all though, a car is only worth what someone else is willing to pay for it.
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Brian
66 Mustang Coupe 289-2V under construction
I've seen nicely modified Mustangs (including coupes) bring in some nice dollars. Upgrades are mostly modern, AOD trans, discs on all fours, exhaust, suspension, etc.
I've seen nicely modified Mustangs (including coupes) bring in some nice dollars. Upgrades are mostly modern, AOD trans, discs on all fours, exhaust, suspension, etc.
Good point. The MM article didn't account for upgrades like AOD. A lot of buyers wanting a driver will pay more for a Mustang if it has an overdrive and a few, well-done upgrades.
Of course "major work" can mean a lot of different things, but that is for a complete car that needs restoration with some good parts and bad parts to the car.
I don't know, but I would think that prices would vary regionally. For instance, I could imagine a classic Mustang here in Texas might cost less than in Los Angeles or New York City. But what seems logical is not always right, and what is right is not always logical...especially when it comes to classics.
4-5k for a 67/68 coupe i a 5 condition would be fair if it were a GT or CJ. I sold my 68' coupe as a roller a couple of months ago for 1k. The kid was real excited about it which is why I let it go cheap. It had been rear ended and hit in the front as well with a poor restoration done in the mid 80's. A real bondo buggy, 20 footer I guess.
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Classic Mustang value guide
