Dave I'm not even going to mention what I paid for my 69 fastback with the deals you just posted...[sm=insomnia.gif]

 

^^^^same here.

 

I once passed on a mint condition blue1967 Mustang Fastback my aunt was selling for $850.00.

Actually, I wanted it. I didn't pass on it, my dad did, he thought it cost too much......It was in 1977 and I was only 13.Instead, one of my cousins bought it and still has it today.

OP,the thingI've learned over the years about buying toys.......

1. I figure out what I want.
2. Ifigure out what it's worth to me and how much I can spend to see if it is a reasonable option.
3.Icomparison shop and findwhat I'm looking forand make the best deal I can on it.
4.I buy it and don't spend too much time continuing to comparison shop afterwards.....if I do that I'll usually end up depressed.

 

my dad bought his 289 67 coupe in the 80s for 50 dollars. and then gave it away to his cousin.

 

Dave,
Great deals. I think I know the guy you bought those from. Name was "Slick" as I recall. A real nervous guy witha gold tooth who kept answering "yeah, sure, whatever" when asked anything about the title or VIN. Usually did business behind the 7-11 about 2 AM. See, those smiley faces you didn't like are good for something.

But seriously, my late cousin could snag the same kind of deals regularly. I know some of them were abondoned projects and others were distressed for other reasons...moving, divorce, arrest. Back in about 72 he picked up a 69 Camaro for $50 and a 66 Corvette for $200. The Camaro had some kind of monster engine in it that actually had to be chained to the frame to keep it from ripping the engine mounts out.

Around here,dugan's coupe would be about $4,000 or maybe even $5,000. Nice restos and restomods are going about $14,000 and typical running coupes with typical problems are running $6,000 to $10,000 complete. Actually, original is selling higher than mods here.

 

"Nice restos and restomods are going about $14,000 and typical running coupes with typical problems are running $6,000 to $10,000 complete. Actually, original is selling higher than mods here."

When I was looking that is what I was finding in this area. The fully restored with low milage since restoration cars seemed to be starting upwards of $14k.

It was difficult to find one that was even close to road ready for under $10k and if you did it needed serious work.

 

Was that the asking price? Or the selling price? You can ask all day long for any amount you desire, but what the car actually sells for determines the worth.... but only for those two people, the seller and the buyer.

The '66 Coupe that I referred to earlier and paid $1k for.... I had it in my posession for about a year. I painted it and started to re-assemble it with new repo interior parts. I never even got around to starting it as the previous owner told me it ran great when he'd parked it 10 years earlier.

I was mowing the lawn one day when some stranger pulls down my driveway and introduces himself as the son of a guy I barely know. He asks about the '66 and if it is for sale. We look at the car real quick and he makes me an offer. His offer was $4500. Quickly calculating in my head that this offer was twice as much as I had in the car, I told him "sold" and he picked the car up later that week. He tinkered around with it during the next year, bought some more of the interior items, new chrome bumpers, etc., got it running and proceeded to blow the engine. He spent $4k gettinga newpretty looking motor installed in the car and then put a for sale onthe car asking $12k.During the next 6 months he had about a dozen people tell him "don't sell it, I'll be right back with the money!"

None of those offers ever amounted to anything but BS and he ended upselling the car for a loss at $7500.

Asking price rarely = Selling price.

99% of the Mustangs listed in "Mustang Trader" are in therebecause no-one locally who's seen the car is willing to pay the asking price.... or even close to it.

Dave

 

Those were selling prices. A nice 66 coupe resto mode just sold for $14,000. Good restoration and rebuilt 289 and new tranny. A plain jane 66 coupe I-6 in OK condition just went for $6,000. And a 65 in pieces (pretty much fully apart but complete) just went for $4,000 and it needs floors. If I told you a nice 69 red Mach I (351) went last year for 43K you'd probably choke....but it did. They're not getting any cheaper. I attribute that to my generation (I'm 56) who are wanting to buy the cars of their youth.

 

Well this ONE response made me feel OK about what I got it for. It was an ebay find, from Orem Utah, and won the auction for $4000. When it got here (cost 445 to have it shipped to portage michigan) there was a for sale sign in it, he was asking $5800 for it locally.

 

I don't think you did too bad on it. It's hard to buy a classic in the midwest. Either you buy a midwest car that has been though 40 midwest winters or you buy off craiglist or ebay and buy a car you can't inspect. If we all lived in the southeast or southwest it would be different. We could buy rust free or little rust cars far more easily. I paid $7,500 for the car you see in my Avatar and anyone on this forum knows what I have had to do to it. But I wanted that particular car and it had some intangibles which made it worthit to me.
That said, a local dealer recently had a traded 67 coupe for $21,500. It had a crappy repaint job and was not straight. It disappeared after a couple of weeks and I have no idea what it brought, but $21,500 was beyond belief. Their big selling point was that it was a one owner car owned by a mechanic...well, so was my $7,500 coupe.