Help! Last minute buying stress!! - Vintage Mustang Forums
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post #1 of 16 (permalink) Old 09-19-2019, 07:00 AM Thread Starter
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Help! Last minute buying stress!!

Last week, I made a verbal agreement to buy a 65. It's solid. No rust. Was restored in 1994. All original sheet metal except one rear quarter panel. Interior is excellent. Correct engine for the car....inline 6. Correct color scheme. Bench seat. AC 45,000 miles. Please help calm my nerves... Asking price was 13.5. Settled on 10. Do you think that's a fair price? Need to get the check today. Picking her up tomorrow. I would include pictures, but I don't have the necessary hardware for my phone to do that. I had a 67 a few years ago, so I was going off the prices I bought and sold her for. The 65 is in much better condition. Any opinions would be appreciated. Thanks.
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post #2 of 16 (permalink) Old 09-19-2019, 07:23 AM
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I saw a parts car sell for $1,400 a few years back, and it was just a pile of rusty parts. I think you bought this right based on what you’re saying. I assume it’s a coupe...?
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post #3 of 16 (permalink) Old 09-19-2019, 07:31 AM
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If it is a solid car then yes you are good at $10,000. If they have documented the restoration with pics of the body work and paint that would be a big plus. The value of that car is all in the quality of the body work and paint.
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post #4 of 16 (permalink) Old 09-19-2019, 07:32 AM Thread Starter
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Yes. Coupe. Hardtop... vinyl.
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post #5 of 16 (permalink) Old 09-19-2019, 08:30 AM
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I would say just try and go with it and relax. I bought 2 used vehicles recently, and I was stressed too. I just told myself this: If I paid a Grand or two too much, is it really a life-changing event ? No. I'm not a flipper that needs to turn a profit, and I'm not buying them as investments.

'65 A-code coupe, T-10 4-speed, 8" 3.25 limited slip
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post #6 of 16 (permalink) Old 09-19-2019, 09:29 AM
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I wouldn't worry. For one, if the car is as good as you described then I don't think you overpaid. Even if you DID, so what? It's what you wanted and now you've got it, so get out there and enjoy it!

The value of any car is subject to interpretation of the potential buyer(s). One person may see a 6-cylinder hardtop as being worth far less than a V8 2+2. Another may see the 6-cylinder hardtop as being worth more...maybe because it's just like the first car they owned, or the "family car" growing up.

What we all forget..... when people pay more for a particular type of car, the value of said type of car INCREASES.
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What, me worry?
- Alfred E. Neuman

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post #7 of 16 (permalink) Old 09-19-2019, 09:36 AM
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Oh, if that makes you nervous...wait until you buy a house!

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post #8 of 16 (permalink) Old 09-19-2019, 10:25 AM
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By my book $10K is a fair price for both buyer and seller on the car as you describe it. It's normal to be a little nervous and excited, part of the magic.
Go and buy it.
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post #9 of 16 (permalink) Old 09-19-2019, 10:41 AM
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Relax, that number could not be far off.
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post #10 of 16 (permalink) Old 09-19-2019, 11:21 AM Thread Starter
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Thanks, everybody! Jitters are turning to excitement. She's a very pretty car, and in great condition. I'm happy with that.
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post #11 of 16 (permalink) Old 09-19-2019, 12:11 PM
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Congrats, I'd say it's a fair buy based on what you said, a good driver quality car is worth $10k, would be better to most if it was a V8, but still a fair deal. Just have fun with it!
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post #12 of 16 (permalink) Old 09-19-2019, 12:54 PM
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I offer, buy it take it home park it in the driveway, grab a favorite beer sit down in front of her for 30 minutes and relax. Think about your next move and form a plan. Your next move, you asked?

1. Buy a good shop manual
2. If you don't have basic tools, we'll help.
3. Begin a notebook to detail and document your changes and note the Tune up specs. etc.

Enjoy and send the pics. If you don't how, tell us what smartphone you have, we'll help!
Congratulations!
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post #13 of 16 (permalink) Old 09-19-2019, 04:01 PM
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You didnt mention the big three:

Cowl

Floor pans

Frame rails
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post #14 of 16 (permalink) Old 09-19-2019, 05:33 PM
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IMHO: $10K sounds pretty good to me. If it runs, and the body/paint is good, you just eliminated and major costs.
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post #15 of 16 (permalink) Old 09-19-2019, 09:28 PM Thread Starter
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The floor pans and frame were all good. The cowl... wasn't really checked. I know... shame on me. Everything else that we could see looked great. I'm guessing that not knowing should give me pause?
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