I am about to purchase a MINT 1989 25th ann. LX sport cnvt. with only 36k miles. This gem is factory everything and original owner. The asking price is 8k. The question is when this becomes an antique or collector's item in 2 years, how will the value be impacted? Will it go up, and by approximately how much? This is my dreamcar, I need to show practicality to my better half for approval. Any help?

Thanks!

I look forward to posting pics soon (I hope!!)

 

well no one can post facts or figures on how much the car would go up cause it would just all be a guess. in my opinion the cars nowadays just won't have the value that cars did 35+ years ago. i think it mainly has to do with the numbers that are manufactured. way more cars are being made of every model so it makes them not as rare. not to mention back in the day the special cars had different engine, tranny, and rear end options while most special cars today are pretty much just a couple special badges and maybe some different interior. but as far as the drivetrain goes it is exactly the same as all the other cars of that model. not many special cars go into the detail of making it a one of a kind like they did back in the day. either way this is just my opinion that doesn't mean crap. if ya like the car go for it. if you are looking at a car for a investment that is a really bad idea. i can think of hundreds of better ideas on how to invest your money then a car.

 

Practicality? Who where's the pants in your family?

 

^^^ Coming from a lucky man whose wife drives a mint Fox Vert..... [&:]

 

8 grand is a decent price for that car if it is what you say . 87 prices didnt suddenly go up this year .. value will increase but not in 2 years .. you might be able to find someone willing to pay 10 if your lucky and depending on where your from

 

LOL maybe I just made the right choice for a wife!The only thing I here is, "when you gonna do that to my car?"

 

I would say 7k

 

People didn't think the 60s muscle cars were ever going to be worth much. Back in 1988 our neighbor had a 68 Camaro SS in mint shape, he had a hard time getting $4000 for it, it sat on his lawn with a for sale sign for over 2 months. Today that car would be worth over $30,000 and he would have offers to sell it on a daily basis. I remember during the mid 1980s when Hemi cars sold for less than $10,000! Baby boomers are trying to recapture the cars of their youth and pushing up the prices. That could be the same for Gen X'ers, who over time will search for the hot cars from their youth, like IROCs and Fox Bodies. Not saying that Fox Bodies are the next 1st gen Carmaro or Mustang in terms of future value, but I feel they will slowly appriceate over time.

And as far as Fox production numbers hurting future value, Ford made 1,000,000 Mustangs in the first couple years. Try to find a 65-68 model today, 6 or 8 cylinder, in average daily driver condition for under $15,000. The Fox Bodies had smaller production numbers from year-to-year, especially the 5 Liter cars. It's getting tough to find a Fox Body in mint shape and if you do you pay a premium. And the special editions like the 1993 LX feature cars, 1990 7up cars, 1984 GT350, SVO cars and the 5 liter convertibles will be highly desireable over time. Same goes for the IROC-Z, the 91-92 Z28 and the 86-87 Grand National (already gets strong money, but will be untouchable in 10 years. These are going to be the next Hemi cars.)

Maybe in 15 years you will see a low mileaged and original 1990 7 Up car sell at Barrett Jackson for $30,000...it could happen.

 

I agree with dangstang on this one. Back in the day no one thought cars would ever be a "great investment". How many people do you hear say "my dad had a 66 (whatever) he sold that thing for a grand because he was tired of looking at it. blah blah blah... Not in two years for a late 80's stang... 10 15 years from know we will all probably be saying the same things as our parents and grandparents.