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Is it worth restoring?

shibainu1shibainu1 Posts: 1
edited April 1 in Plymouth
Purchased a hurting 1970 Barracuda convertible; 6
cylinder, 3 speed, red paint, red interior, black
top, all original. Floor in back under passenger
seat in gone. Wondering if anyone knows how many
of these were produced, how many are left, and if
it is worth restoring?
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Comments

  • MrShift@EdmundsMrShift@Edmunds Posts: 43,648
    There were 1,554 Barracuda Convertibles with all engines produced, but the sixes aren't broken down in that total.

    Chances are only a few hundred left.

    Is it worth restoring? Well, in terms of cold hard cash, no, since you can buy a nice V-8 convertible for around $10,000, and you'd have to ask less for a restored 6-cylinder model, at least 15-20%. So that potential value isn't so great as to justify the heavy expense of a thorough restoration.

    If you restored it on the cheap, figuring 41,500 for a cheap paint job, $1,000 in body work, $600 for a top, $3,500 engine and trans overhaul, $1,000 for upholstery kits, $1,000 miscellaneous, and you doing a lot of the R&R work, you might break out even if you don't count your labor.

    I'd say if you really like this type of car, and want to restore one, shop for a V-8 with less rust and start with that one. A '69 or '71 isn't all that different a car, and gives you more to look for.
  • I now have two of these cars...one runs and the other is all there but has a blown rear...what are these cars worth if properly restored...is it worth restoring both or just one? I owned my 1st one since 1991, have taken it to dozens and dozens of shows...don't see too many of these cars at all. I am supposed to drive to Carlisle, PA to CHRYSLERS in July...maybe I will meet some people there
  • MrShift@EdmundsMrShift@Edmunds Posts: 43,648
    Probably a really top car would bring around $6,500.

    As a hobby, of course, it may be worth getting one of these cars in nice shape, but there doesn't seem to be a justification for spending lots of money on one....being a later Imperial Lebaron, and therefore looking the same as the other Chrylser Imperials of lower price, and also a 4-door car, all adds up to a slow rate of appreciation, money-wise. It' like the difference between early Chrysler 300 "letter cars" and later ones.

    The reason for their rarity (only about 1800 made or so) is that they were very expensive, and for the same price you could buy a Caddie Eldorado Convertible....so they didn't make many because there wasn't a big demand for them at that time.

    Good, sturdy car, though, and a nice cruiser for modern highways. So if you can get one running and looking good for less than $5,000 say, as a total investment, you won't lose your shirt.
  • rea98drea98d Posts: 982
    Needs body work (after run-ins with a fence and a tree), some interior repairs, and an engine rebuild. It runs now. Plan to use it as a daily driver until the car is a hundred years old, so I'm not really look at resale value that much. Would it be worth restoring?
  • MrShift@EdmundsMrShift@Edmunds Posts: 43,648
    Honestly, no I don't think so...just go out and buy a nice one...you should be able to find a beauty for $3,000...and you can keep your old one for parts!
  • My neighbor here in Souther California had a completely original one w/ 70K miles on it for sale at $1900. Four door in really good original shape. I considered buying it for a beater around town but he took if off the market and gave it to his grand kid to cruise around in.

    Skip the restoration and look for a good condition original. They're cheap!
  • joe111joe111 Posts: 28
    I've got a chance to buy a 71 VW superbeetle. The engine and transmission are fine, however it needs struts, a new paint job, and an interior to put it in excellent condition. I will have about $2000 total into the fix, car included. Would there be any profit when I sell?
  • Hi Joe,

    No, I don't think that's the bug I would fix up. Anything prior to the Superbeetle would be a better choice if you are trying to profit some from the deal. Best of all would be pre-1968.
    Of course, as a clean used car for $2,000 that you could always sell for around $2K, then it would be okay...you won't make much of a profit, but you could use it and sell it and so drive around for "free".
  • joe111joe111 Posts: 28
    Thanks for the advice sir, you have verified what I suspected. You know a lot more about this restoration thing than I do, and besides, my wife didn't want me to get it anyway.... Joe
  • Well, Joe, keep looking for a fun project, maybe a bit older bug--they're easy and fun to restore, and don't cost a lot.
  • Well, ethio, on the face of what you've told me, I think it would be unwise to repair this car further, for a number of reasons:

    1. If you fix the rust, do the necessary paint and interior work, you will not be likely to recover your costs. You'll be financially buried in the car for life.

    2. Your car will be forever tainted as a repaired and patched up vehicle and could not compete in the marketplace with very clean and unmolested 280SLS selling for $18,000.

    3. The rust will return.

    4. There are plenty of nice 280SLs out there...find one where someone ELSE has spent all the money and needs to sell at market price.


    So that's what I think...pull the ripcord and get out while you can. I think if you present the car for inspection to someone, and even with some rust, it is worth what you paid for it.
  • Hello There and again thank you for your advice.
    Being a senile old fart, as they refer to me at my place of work, I have decided to do a complete restoration of this rust heap instead of trying to pass it on to someone else.

    The engine has recently been rebuilt and requires minor cosmetic detailing. I am going ahead and doing most of the disassembling of the car myself. and will be having the entire body sand blasted and all the rusted parts replaced. (might even use this opportunity to buy a welder, a toy I have always wanted :) )

    Again thanks for the advise.
  • Sure, why not if you need the therapy...cheaper than a shrink I guess :)
  • ndancendance Posts: 323
    It's kind of hard for me to think of
    any car that is worth putting a lot into.
    I suppose a couple of factors come into play

    . What do you mean by restore?

    I think most folks think of restorations as
    painting the car, rebuilding the engine,
    and slapping on some new tires. That's
    a far cry from a national show winning,
    $100,000 invested, Hemi Challenger or something.

    . Price of parts (and availability) vs. value
    of finished product.

    Assumming that labor is free, there are some cars
    I think are in the sweet spot for dumping money
    into. Convertibles are better than hardtops
    (if the top hardware is there, I bet the cost
    of going through a convertible is no more
    expensive), desirable mass produced cars are
    good. (Examples are split window beetles or
    ZL1 Camaro's. While rare, there is a lot of
    parts interchange and a big aftermarket).
    High performance models are good. Every time
    I see money spent on a 1969 Mustang notchback,
    I see money wasted on a good parts car for
    a Boss 302 or Mach 1.

    . Are you really going to finish it?
    It is mucho work to really go through a whole
    car. Most projects languish in garages until
    sold for peanuts (or the owner dies and then
    it is sold for peanuts). While the therapy
    angle is of some value, it is probably of
    equal therapy to save up a few more coins,
    buy a decent driver (no garage queens please)
    and cruise around in a cool car. You'll
    have enough therapy work just in the breakdowns
    and tuneups inherent in 30 year old (or whatever)
    machinery.

    ...Enough with the negative thoughts Moriarty.

    ndance
  • Here's a new one. I've got a 1959 Chevy Nomad wagon sitting in the side yard. It is not a separate body style from the other Chevy wagons, just a trim package. I have not been able to find production numbers on this model. I think that there was a strike at GM that year, and several models were sent up to the Canadian plants to be finished.

    The car looks cool, with the fins and cat eye tail lamps, so I thought that it would be a custom alternative to a minivan and I doubt that I would see any cars like it at the soccer games. I also have access to a parts car in decent shape.

    What do you think, would it be worth it and how might a car like this be valued. I'm not in to make a profit, just to have a keeper and a driver. Thanks!!!!! Jon
  • MrShift@EdmundsMrShift@Edmunds Posts: 43,648
    Yep, it's worth saving if you don't go hog-wild on it...these old wagons with decent options on them (yours is, I believe, an Impala Nomad) are starting to be worth something.

    I figure that this car decently restored for street use could be worth $5,000-6,000, and restored professionally $10,000. Certainly much more valuable than a 4-door sedan.
  • Thanks for the response. Yes, it is the Impala trim level, and I believe that it was actually the most expensive car Chevy sold in 59 (!). Hah, a wagon. Anyway, I was not planning on going hog wild but just doing a nice clean job with a little help from my friends. I look forward to working on it soon. Thanks again.
  • solid101solid101 Posts: 12
    This is amazing, today I saw this '68 Chrysler
    300 in my uncle's garage, and I didn't know he's
    been having this car for the past 30 years, with only 1,000 Mi. on it, seems brand new to me, he
    had just retired, and is thinking about restoring
    it, is it a fun car to do so?( If you ask me how this happend, well, he said 1 month after he bought the car, thee were no more leaded gas for
    this car, funny how things changed.) Any inputs?
  • MrShift@EdmundsMrShift@Edmunds Posts: 43,648
    If it's a 300 hardtop, no, I wouldn't restore it unless he needs a money-draining hobby (and haven't we all done this?), but I don't feel it's really worthy of restoration from a history point of view. By this time the "300" label had been rendered pretty meaningless by Chrysler marketing.

    If it's a convertible, it might be worth a cosmetic restoration but I'd do so with restraint myself...but at least you'll have a car worth a few bucks when you finish....not big bucks, but some bucks $7K-8K ??

    Personally, I'd sell or drive the car as is, as its originality is the only valuable thing going for it...by restoring it, you destroy the only thing that makes it worth something IMO.

    Driving it with unleaded gas should not be a problem, as this seems to affect only engines that are driven under severe operating conditions, like racing or towing.
  • i have a 1968 ford f-100 the model with an original wooden bed, i would like to restore it but i know the value is only around $6,000 mint. This truck needs a lot of work, do you know of any web sites, adrresses or specialty catalogs that i could get replacement parts at a resonable price.
    thanks for the help
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