One out of how many dude?? PLUS, that stang is not even in the same ball park as his. Glen, you're view of what mustangs should sell for are not even close to what the market value is. Take a look at this listing you have, the reserve is not even met yet and I'm sure people know that they will never get that car for $15k.

So, lets get real dude and do some homework, I look at prices of Mustangs all the time. A nice coupe like mine for example with all the new stuff I have and the condition its in will sell for $15,000 pretty easy. Face it man and stop always looking at the selling price of our Mustangs as negative. A nice 67 FB like his WILL sell for $20 - 25k period...

 

So they want you to get something that wont cost thousands of dollars to rebuild? So, have they looked into what it costs to rebuild a modern overdrive, be it manual or automatic? Have they looked into depreciation on said new vehicle that will still cost you over $25k unless you are buyin a Kia? Could you stand to drive a Kia?

So they want you to go in debt for something that will go down in value when you have something pretty much paid for, (or on a bunch of credit cards, I duno) and is going UP in value? How about keeping it inside where it wont get damaged or stolen? They arent building 67 fastbacks anymore, ok well they are starting to make bodies but they are $10k each for a shell!

So ask them if they would buy a stock at a high price that is going down and will take 30 years or more to possibly recoup the investment, or if they would rather have stock that is going up in value and alreayd has some equity in it?

I had the same discussion with plenty of people, including my parents, who told me to get rid of all those old cars and buy something new. So I did the math on it and found I was better off working on my cars than paying a car payment and insurance rates on a new car that wouldnt make me as happy as driving my old car with no paint. So even if I spend $2k a year on my classic ride, it still doesnt compare to cost of a new vehicle with the same performance capabilities.

I did buy a 98 Formula for a daily driver. It had 88k on it when I got it for $7500. Yeah I got a deal. Anyway, now its at 120k and the trans is out. I rebuild them and my cost on it is $1200 to rebuild it. Plus the down time, insurance, car payment before I paid it off, it all adds up. It needed new tires, that was $1000 because I wasnt gonna drive around on crappy Kumho skinnys. new cars add up too, even though a 98 doesnt sound new, thats a new car. Its all one color, everything worked on it before the trans died, and it got 30mpg. Thats a new car. And its broke just like my 70 GTO is..

Do the math, decide what YOU really want, and if you owe them for the car, pay it off. If you want a new one, like a 05 or so Mustang GT, they are nice cars to drive and I wouldnt mind owning one myself, sell yours and use the money to finance the new car and pay your parents back. Otherwise work harder, earn money and pay off your classic so you can buy a daily driver.

 

Well said.

 

you guys are absolutely right....


I'll have a talk with them and see if they will finance a daily driver for me... and if it ever came time that i wouldn't be able to pay them back, the car would be worth that much more....

thanks for all the advice guys...

 

just keep it till barret jackson is near i have seen cars that are horrible sell for a decent price on there they don't even compete with yours

 

Here is another example. However, this is a GT 390 S code worth tons more than the restomod. And it is less than 21K buy it now.
http://cgi.ebay.com/ebaymotors/Ford-...QQcmdZViewItem

 

Give it up Glen..

 

I'll just echo the thought that you ought to do everything possible to keep that car. Maybe if worse comes to worst let it go to a family friend at a little lower price, so you can still see it and drive it sometimes. I've had dozens of people tell me they wished they'd never let such-and-such car go. I've never heard one who said they were glad they finally ditched that 1970 Charger for a spiffy new Prius.

 

If you want to go fishing for examples to support you're thoughts that are wrong, how about this one??
http://cgi.ebay.com/ebaymotors/1967-...QQcmdZViewItem

Or this one
http://cgi.ebay.com/ebaymotors/1967-...QQcmdZViewItem

Or this one
http://cgi.ebay.com/ebaymotors/1967-...QQcmdZViewItem

I'm done
[sm=bustedsign.gif]

 

And, here is a 67 Shelby that might sell for 25K when it's all said and done. Certainly more value here than a restomod.
http://cgi.ebay.com/ebaymotors/Ford-...26233761QQrdZ1