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Hardcore Pawn Selling Lee Iococca Mustang

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Old 06-12-2012, 01:42 PM
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Order_66
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Default Hardcore Pawn Selling Lee Iococca Mustang

Have you guys seen this? Are they serious with this price? Is that a realistic price?

http://www.pawndetroit.com/p-975-200...-11-of-45.aspx
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Old 06-12-2012, 01:47 PM
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Yeah, I can believe the price. They are rare Mustangs.
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Old 06-12-2012, 01:53 PM
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Yep, that is about right. Nice looking fastback...
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Old 06-12-2012, 01:55 PM
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I've caught a couple episodes of that show sadly enough .. that was one of them. wasn't that a couple of years ago? have they really sat on the car this long?
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Old 06-12-2012, 01:58 PM
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Originally Posted by Entaille
I've caught a couple episodes of that show sadly enough .. that was one of them. wasn't that a couple of years ago? have they really sat on the car this long?
i think so, and from what i remember they gave the guy around $70k. I think he won it at a casino in Detroit.

He could have gotten much more if he sold it privately. Why anyone would sell a car like that to a pawn broker is beyond me. They tried to make $100K profit on it. Thats a little optimistic as they found out...apparently 135K is too much. I figured they would ask $90K for it. Had no idea it would command a 6 figure payout...

says it has 360 HP...isnt that thing supercharged though?

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Old 06-12-2012, 02:09 PM
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This Mustang would bring well over $100k at the Barrett-Jackson auction...
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Old 06-12-2012, 02:24 PM
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maybe, but most auctions carry a pretty hefty commission fee - what would their cut be?
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Old 06-12-2012, 02:46 PM
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It's normally 8% - 10%.
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Old 06-12-2012, 02:51 PM
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She's a beauty!!!
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Old 06-12-2012, 02:52 PM
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I actually like the fastback.
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