Mustang Project Car: Is this price reasonable?
08-14-2009, 10:42 AM
#1
Thread Starter
Join Date: Jun 2009
Location: Maine
Posts: 47
Mustang Project Car: Is this price reasonable?
Sooo....
I've been looking around for a mustang project car. My dad and I would like to have something to work on during the weekends. We know a bit about cars, but not a ton. Assembly is fine, but significant body work is going to put us back, since we simply cannot do it.
I found an ad online for a Mustang that goes like this:
1966 Ford Mustang Rust Free Project, matching numbers, 289 four spd., new: black int., bumpers, emblems, tires, 410 gears, clutch kit, SS brake lines, ball joints, coil springs, tir rods, brakes, spring kits, wheel cyl., wheel bearings, hooker headers, American Thunder exhaust. California car, re-built 289, still at machine shop w/warr. MSD ignition, too much new to list. $8,000 firm. Needs assembly, asking price is just for new parts.
Here are the two pictures attached to the ad:
I haven't taken the drive to check it out yet. My main question is: Does a price of $8,000 seem reasonable? I know it says firm, but I'd probably try to talk him down a bit regardless.
Any thoughts?
I've been looking around for a mustang project car. My dad and I would like to have something to work on during the weekends. We know a bit about cars, but not a ton. Assembly is fine, but significant body work is going to put us back, since we simply cannot do it.
I found an ad online for a Mustang that goes like this:
1966 Ford Mustang Rust Free Project, matching numbers, 289 four spd., new: black int., bumpers, emblems, tires, 410 gears, clutch kit, SS brake lines, ball joints, coil springs, tir rods, brakes, spring kits, wheel cyl., wheel bearings, hooker headers, American Thunder exhaust. California car, re-built 289, still at machine shop w/warr. MSD ignition, too much new to list. $8,000 firm. Needs assembly, asking price is just for new parts.
Here are the two pictures attached to the ad:
I haven't taken the drive to check it out yet. My main question is: Does a price of $8,000 seem reasonable? I know it says firm, but I'd probably try to talk him down a bit regardless.
Any thoughts?
08-14-2009, 01:18 PM
#2
3rd Gear Member
Join Date: Jul 2006
Location: Wyoming
Posts: 800
If it is rust free, and the work done properly, I can see that being reasonable. The 4.10 gearing seems a bit steep, but from the looks it was going to be a hotrod, so that's about right I suppose. Keep in mind you'll probably need at least 2 grand more to buy parts it still needs, then the cost of paint which can be from about $2-3000 for a good basic job up to however much you want to go.
08-14-2009, 05:15 PM
#3
Thread Starter
Join Date: Jun 2009
Location: Maine
Posts: 47
Yeah, that's what I was wondering. The 4.10 rear had me wondering, but the American Thunder combo kinda shows where he was planning on going with it.
I figured it needed a paint job, which I might be able to get done for the cost of paint alone. I have no idea what else it'll need for parts, but I'm sure it'll be $1000-2000 worth.
I figured it needed a paint job, which I might be able to get done for the cost of paint alone. I have no idea what else it'll need for parts, but I'm sure it'll be $1000-2000 worth.
08-14-2009, 06:43 PM
#4
5th Gear Member
Join Date: Jul 2007
Location: Detroit; where the weak are killed and eaten.
Posts: 2,553
This seems way too much for what is STILL a coupe. a Fastback in this condition would be worth it, but I would pay $8000 for a RESTORED coupe.
I'd pass, but I tend to be a little singier than most of this site, I think.
08-14-2009, 07:15 PM
#5
Thread Starter
Join Date: Jun 2009
Location: Maine
Posts: 47
Yeah, I hear you waffles. We're starting to think that we can do a bit better. I might toss him a low offer, and let him take it or leave it.
What I was trying to say about the AT Exhaust and 4.10 Rear was that I figured with a non-stock combo of gears and loud exhaust, he wasn't going for stock but rather a more hot rod project.
What I was trying to say about the AT Exhaust and 4.10 Rear was that I figured with a non-stock combo of gears and loud exhaust, he wasn't going for stock but rather a more hot rod project.
08-14-2009, 10:56 PM
#6
5th Gear Member
Join Date: Mar 2005
Location: Marquette Mi
Posts: 3,566
If you want to pay $8000 for an unfinished project, I can let you have an unfinished one for about $5000 and its a fastback... 
That is probably how much he has in it after farming out all the work that has been done.
That is probably how much he has in it after farming out all the work that has been done.
08-15-2009, 04:05 AM
#7
6th Gear Member
Join Date: Oct 2006
Location:
Posts: 8,162
Too much money for a coupe that is apart.If you know where to look and wait you can get a rust free driving couple for 4 grand or less.If im spending 8k on a coupe it better be a running car and have a lot in it or a fastback.
08-15-2009, 08:34 AM
#8
Thread Starter
Join Date: Jun 2009
Location: Maine
Posts: 47
Yeah, I guess the price is a bit high.
I'm probably going to toss him an offer that he'll be forced to refuse (6-7K). Who knows...in this economy he might think about it, but I don't know anything about his financial situation.
I'm probably going to toss him an offer that he'll be forced to refuse (6-7K). Who knows...in this economy he might think about it, but I don't know anything about his financial situation.
08-15-2009, 11:59 AM
#10
Join Date: Aug 2009
Location: Washington
Posts: 40
I bought my complete car for 8k, new paint, new interior, NO rust or cancer, stock condition. Started and drove off with it.
5k would be more than fair price for a project like that, assuming no cancer or other major problems.