What's It Worth in Today's Market

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Comments

  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Well, yes, price is "mental" in terms of enjoyment, I agree with you there 100%, but the values for each old car are very real, determined by a careful analysis of all the ones that are bought and sold. So your car has a specific value, but to you of course it may be priceless and you may never want to sell it. I feel that way about my Alfa Spider, too, but I also know it's only worth about $4,500, and that it will never be a classic even in 250 years. I don't care either. But I don't call it a "classic" and I don't try to pump up the value because the facts are the facts and I'm comfortable with them.

    Old car values are very much tied to supply (# made and surviving) and demand (how many people want one and how much they are willing to pay to get one).
  • isellhondasisellhondas Member Posts: 20,342
    Actually it's a 390 Cubic Inch engine, not 390 horsepower.

    If someone offers you 45,000 for it, they indeed are having a "mental" situation.

    Take the money and run like a thief in the night!
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    I've seen lots of "offers" but when it comes time to write the check, well,then....it's like those notes you find on the windshield: "If you ever want to sell this car, call me". So you DO call and then you sometimes get the stall or they lowball you after finding some "problems". Or it's one of those "will you take $500 down, a trade in on my motorboat, and the rest of the cash in 6 months?"
  • mrcpfg1mrcpfg1 Member Posts: 5
    I recently picked up a 79 Mercedes 280SL convert.
    that is a joy to drive. Problem is that now my 1941 Packard 110 Deluxe Sedan has been relegated to permanent garage status. I had new two tone paint/new upholstery/fixed radio/ all new rubber/gaskets and glass. Could use some chrome work, but probably a #2 condition car. Any idea of value?
  • rea98drea98d Member Posts: 982
    Something else I could consider wasting huge amounts of money on for no good reason: What would a 61-66 Thunderbird convertable be worth? Are there certain years/engines that are worth more or less than others? How much would it cost to fix a rough one (assuming straight body w/ no rust) up to a nice daily driver condition? Anything to look out for?
  • andre1969andre1969 Member Posts: 26,088
    Has anybody here actually driven a 426? I never have, but have heard that they're actually a pain if you want to try driving one anywhere but the drag strip.

    I guess I've always looked at a car as having to have some functionality...basically, how would it behave if I had to depend on it for daily transportation?

    I'm sure the Hemi was better suited to mid-size cars, but I remember reading an old comparison of either an A-body Barracuda or a Dart GTS, where they compared the 340, the 440, and the 426. The 340, not surprisingly, had the best handling. Also, it was no big shock that the 426 was the best in straight-line acceleration. However, the 440 was worst in both respects. Too heavy for any kind of handling, yet the lighter 340 was faster.

    I remember, years ago, asking in one of my Mopar groups what the advantages/disadvantages were of the 426 versus the old 392 "whale" hemi. After all, the 392 put out up to 390 hp, about the same hp per CID rating of the 426's 425. I remember someone replying back that the 426 was a better performer, although the 392 could be built up more. But where the 426 was little more than a thinly disguised street-legal race car engine that would need a rebuild every 100K miles, the 392's would usually outlast the car, and then get pulled and thrown into a race car or dragster.

    The 426 may be a cool engine, but I think I'd be happier with a 340, although I don't think they're exactly cheap anymore, either!
  • im_brentwoodim_brentwood Member Posts: 4,883
    I have driven a Hemi Powered car, a 70 Roadrunner I think it was. Was about 5 years ago, friend of mine was buying the car and I got to ride along.

    You've heard right. It's a thinly veiled race engine, not a great idea for the street. It was rough, idled roughly... was NOT happy puttering around town. The owner said that unless you got on it on a regular basis, it'd fouls the plugs very quickly.

    Fast as hell though!

    Bill
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    426---raw power. Very difficult to drive on the street. Not an everyday car!

    1979 280SL---sorry, never heard of a '79 280SL, unless you are referring to the European 450SL body with a six cylinder engine?

    Any Euro car in America takes a heavy hit in value, so if you are living outside the USA, your local prices may be higher. Generally, a 1979 450SL in #2 condition, US model, is about a $10K-12K car if it is very nice. Reasons for low price, even restored #1s, , are heavy gas usage and rather clumsy feel, and buyers afraid of high maintenance costs.
  • mrcpfg1mrcpfg1 Member Posts: 5
    sorry for confusion. I'm considering selling the Packard and would like an idea of a fair price. (ref.message #555)
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    1941 Packard---probably $8,000-10,000 if you can find just the right buyer. It's not a car you will see out of the local pennysaver. You'll have to market it nationally. Better if it's a two door than four door also.
  • bonnevillesseibonnevillessei Member Posts: 11
    This jeep has been restored, and looks ready for a parade. Everything looks excellent. The owner has asked $7500. Has anyone seen one sell this high? What is a realistic price? Any out there for sale, and at what price? Thanks.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    If it's a real WWII Jeep with military ID plates, etc. and it's been restored with all the right parts, it is easily worth that. If it's just a fake or restored without authenticity, $7,500 might be pushing it. But those old Jeeps are worth something if they are in very good order. Old junk, however, is just old junk. It's the WWII history that you're paying for, so you have to make sure it's right.
  • tom193tom193 Member Posts: 5
    I own a matching numbers California 70 Swinger 340. I brought it up from LA in 1997 for $3500 CAN. Complete but non-runnning, baked interior,body dented but no plastic. Now the car is nearly at the end of a total and careful restoration. Was it worth it? Likely. Options include PDB,PS,A/C,AUTO,TINT(complete),PEDAL DRESS UP,BEE STRIPE, RALLEY DASH. B5 Blue with medium blue interior. Radio delete.
    Spent alot of time chasing down various small parts. Still looking for ad shroud and gas cap(ECS).
    Probably have $17,500 CAN in the car. Not certain as to it's current value. Any thoughts?
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Probably about $7,500 US if it's really really nice.
  • fonderhonderfonderhonder Member Posts: 1
    Any idea what a top notch restored '66 A-H 3000 is worth?
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Values on A-H 3000s vary widely with the quality of the restoration.

    If by "top notch" you really mean the best, you could break $30,000 easily. Most of the "show quality" Healeys I see are not in fact all that well done, and fall into the low 20K range...for a clean daily driver restored fairly well but not to a show standard.

    Any Healey 3000 that shows the slightest signs of roughness or amateur butchery drops into the teens right away. These are not easy cars to restore and the really sharp collectors know this, and pay accordingly.

    Also, different versions of the 3000 bring different prices. Some 3000s are much rarer than others, and this counts a lot toward price.
  • 66er166er1 Member Posts: 1
    I have a '66 f-100 with a 390 v-8, edelbrock 4brl, hurst 4 on the floor and other various modifications.We are about to replace the brake system which is really the only thing wrong with it. It's a pretty quick truck and it gets looks and compliments everywhere I go. What would be a resonable price to ask for my baby.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    The value of any older vehicle that's been customized is pegged very closely to the quality of the work done. With custom and modified vehicles, you throw out the price guides and you have to take each vehicle on its own merits. A stock '66 that is a very clean daily driver is probably worth $5k-6K and a full custom rod in oustanding shape with lots of chrome, custom paint, and very well done dressed up goodies in the engine bay and under the chassis (fully restored chassis) can bring up to $20K.

    If you havent' restored the interior and chassis and dressed the truck up with chrome and custom wheels, bed, etc., but rather put a different drivetrain into a stock truck, I'd guess you are between $6K-10K.
  • puzurpuzur Member Posts: 10
    Saw an ad for:

    Porsche 911 S Coupe 1973 Brown Tan 43,000 A very clean rust-free original "S Coupe" which is in excellent mechanical condition.

    They want $17,900. I was under the impression that specimens in excellent condition went for around $16k, perhaps with a discount for the brown paint (yech). What do you think?
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    I think that if it is truly an original S with that low miles, it may be worth that. The color is most unfortunate however, and I personally would strip the car and paint it even if a color change affects value somewhat. I am skeptical, though, that this car is "original".
  • speedshiftspeedshift Member Posts: 1,598
    I hope you can help me out. My wife just got into a fender bender that turns out to be $3300 in bodywork and we need a valuation of her car. It's an '87 Thunderbird Turbo Coupe, one owner, 52k original miles, dark red over black leather, AT, every option except CD and sunroof. Garage stored since new but has some parking lot door dings. Runs and looks like a car with 52k on it, not mint but better than 99% of the other '87 T-Birds out there.

    Any idea what it was worth before the accident? Thanks.
  • ndancendance Member Posts: 323
    but around $2000, I'll bet.....
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Myabe $2,500---$3,000 for a very sharp car. It looks like your car is officially "totalled".
  • speedshiftspeedshift Member Posts: 1,598
    ..but thanks. Kelly Blue Book online indicates $2015 and the estimator's program must have said around $2300 although he wouldn't confirm that. I don't think he wanted to get involved in that discussion, especially after I guessed it was worth $5000 ;-).

    Even with a generous premium it's still well short of the repair bill. Pretty amazing to us that a crumpled fender could do that but I guess we still think of it as the $20k car it was when we bought it in '87.

    Honestly it isn't much of a car by today's standards but the sport articulating seats are just about the only seats my wife's back will tolerate.

    Any idea who makes the best seats for $20k or less, new or late-model car?
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Well, you can ask for more $$, and get an appraisal to back it up...you should ask for $3,00 or whatever you can prove by other price guides or by looking up comparables on the Internet. Dont' roll over at $2,300. Also, remember that you are entitled to sales tax and license on top of the insurance company's estimate.
  • andre1969andre1969 Member Posts: 26,088
    ...it's been a little over 3 years now, but when my '86 Monte got totaled, they valued it at around $2200 or so. This was a base V-8 model with 192K miles on it, and faded paint. I started to balk at that, and they threw in another $500 for "pain and suffering".

    If you do total it out, don't sign it over to them though! I took a cut of about $100.00, and they let me keep the car, which I later sold for parts for $800.00.

    Awhile back, a guy in one of my Mopar clubs had his '79 Newport smashed by a Ford van. It was a restored police cruiser, and he had a lot of money invested in it. I think the van did about $2-3K worth of damage, and the insurance co wanted to total it out, but he was able to prove to them it was worth more than that.
  • speedshiftspeedshift Member Posts: 1,598
    Shifty, I may ask you for the name of a good mid-Peninsula appraiser, or maybe someone out of Sausalito ;-). About what would that cost?

    I was feeling like we'd had a death in the family, or at least lost a long-time pet, when my wife admitted she's wanted another car for years. So much for sentimentality.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Appraisals run anywhere from about $115 on up, for a pro job that is...which is what you need of you're going to bend an insurance company.

    Usually if a car is totalled the insurance company will sell it back to you for about 13% of the amount they paid you to settle.
  • speedshiftspeedshift Member Posts: 1,598
    Shifty, if I buy the car back I'm wondering if Hemmings might be the best way to sell it.

    It's expensive, there's that month or so delay before the ad goes in and I'd still probably be dealing with mostly local buyers but they might be more promising than the bottom feeders I'd get from the local Trader.

    If the car was worth say $2500 before the accident and an expensive bodyshop gave me an insurance estimate of $3300 about what do you think it might be worth to someone who would do the work himself? $500? Less?

    Maybe that's not my target market. It's still driveable and really doesn't look bad. Today I parked next to an '87 Cougar with more body damage than the T-Bird. Maybe I'd get more selling it locally to someone who just wants cheap transportation.

    I used to sell 4-5 cars a year but I'm not nostalgic for those days.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Yeah, I think locally is better in this case. Sell it as a used car needing some TLC...you could ask $750 or so and see what happens, sure....
  • jsylvesterjsylvester Member Posts: 572
    Any idea on value, perhaps daily driver to better than daily driver condition - say #3, possibly #2.

    390 v-8, automatic on floor, no power options, no a/c. Some rust repair in past, nothing major. Only minor cosmetic work needed to exterior. Interior and mechanics are strong.

    I'm thinking $5,500 to $6,500, depending on condition?

    How does a Galaxie of this time compare to a Catalina or Impala?
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    That sounds realistic.

    I think big GM cars of this period were stronger and more driveable than the big Fords of the time.
  • jsylvesterjsylvester Member Posts: 572
    What would be considered appropriate documentation of mileage for a car? The above Galaxie is presented at having only 32,000 original miles. The story presented seems plausible: retired lady lived in Florida 6 months of the year, drove it only in Ohio. She died, nephew inherited it and put it away for 15 years. Sold it to a guy about 12 years ago who restored it and drove it only occasionally. Current owner had it 2 years, drove it rarely.

    However, Carfax goes back only to 1981 autos. I can get a title history from the Ohio Bureau of Motor Vehicles for $2, car has always been titled in Ohio. I can see the restoration receipts, but not sure if any around prior to that.

    Have to say mechanics, body, and chassis suggests it is true. Only sign of age is the plastic chrome is pitting on the dash and tail light detail, and some of the vinyl interior is slightly yellowed. Dash pad doesn't look original either.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Aside from DMV records, the only credible documentation is a service record with sequential mileage entries year by year. If you don't have either of those, you cannot presume the mileage is true. It may be, but don't pay extra for it. Also, should you sell the car, you'd better be careful what YOU claim as true, since someone can hold you to it legally if they find out otherwise.
  • jsylvesterjsylvester Member Posts: 572
    Unfortunately, in Ohio they keep records only 5 years or 2 transfers, whichever is longer.

    According to their records, the mileage of 29,460 on May 16, 1994 was sworn to as being actual, and not a rolled over odometer. Same thing on August 31, 2000, indicating 30,356 miles. They will not give me any other info, as it is confidential, and any older records have been destroyed. So that still leaves 27 years to fill in. The current owner is going to show me all the records he has on Saturday.

    The gender and the hometown of the seller in 1994 matches the info I have about the now deceased original buyer of the car from the dealer, though not verified if that is in fact her or her descendent.

    I guess I can work the other way, from the District Sales office to the dealer who sold the car in 1967. Maybe I can fill in the holes.

    This stuff is kind of enjoyable, piecing a car's history together.
  • speedshiftspeedshift Member Posts: 1,598
    Regular readers will recall that my wife totaled her '87 Turbo Coupe. Today we watched them tow it away and as my wife says it was like being at a funeral. She bought it new and the car held memories for us. That's the bad news.

    The good news is that we replaced it with a new car I really enjoy. Sporty, dead reliable, firm but well-damped ride, brake and steering feel you could write poems about...I think this car is really going to catch on. It's called an Infiniti G20 (sounds of unrestrained laughter in background).

    So it hasn't been a big sales hit but I really like the car, and the price. I also like the Saab 9-3, another big sales hit. This taste for marginal players started early--my first three cars were Corvairs.
  • wtoole2wtoole2 Member Posts: 1
    I have an opportunity to buy a 67 buick skylark convertible which has been completely rebuilt. It has the potential to be show car, but I would only be interested in it as a daily driver. It has been a long time since I owned a car from that era. What kind of unusual maintenance matters would I have to be on the look out for? What would the range of a fair price?
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    No particular maintenance hassles. These cars are pretty simple machines, not much different from a car built in the 1950s.

    Value for a nice one would be from $7,000-10,000, perhaps a bit higher for a true show car.

    Deduct accordingly for any cosmetic or mechanical issues.
  • jsylvesterjsylvester Member Posts: 572
    Well, after documenting the mileage as much as I could, bought the car. The seller was really melancholy about selling it. First impressions of a 1960's full size car are:

    - The power steering has absolutely no feel. It is like 4,000 turns lock to lock, can use one pinky.

    - 4 wheel drum brakes are numb as well, but they stop well, don't know about fade.

    - Engine is strong, but sounds like running kind of lean after fully warm. Has original carburetor, running carb cleaner, high octane gas and lead substitute to try to help clean out the top end of the engine, sounding better all the time. Gas mileage is supposed to be 15 mpg, don't know yet, but it does have tons of torque from stop and accelerating on the freeway. Forgot how nonpollution controlled exhaust gas smells like until now. No fluid leaks of any kind.

    - Car still has one of the original low beam headlights (Stamped Ford on it) from the factory. Exterior lighting on cars has dramatically improved since 1967.

    - Original AM radio still works. Even has one (but only one, on the passenger side back seat) extra speaker in the back.

    - People go nuts for the car. I had a guy in a brand new Porsche Boxster tell me at a light how much he liked the car, truckers honk and give you the thumbs up, Harley riders love it, old people come up and talk to you. It is not a car for those that want to be anonymous.

    Strangly, it is a very relaxing car to drive. It is a throwback to a time when many people were not in as big of a hurry. The floaty ride, numb steering, tons of body lean, and the simple radio makes one not be in a big hurry and just enjoy the ride and scenery. Car cruises well at 65-70, which is all I intend to go. Modern cars perform much better, but older cars definitely have an appeal.
  • speedshiftspeedshift Member Posts: 1,598
    sound pretty normal to me. It's the new cars I can't get used to--but I'm having fun trying.
  • rea98drea98d Member Posts: 982
    Does this mean get them to knock the price of repairs off the asking price? Or is there some magic formula? Paint jobs can be as expensive as some cars themselves, so would an otherwise sound car with faded paint be almost worthless?
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Not worthless, just not worth restoring unless it were incredibly rare. Why for instance sink say $15,000 in restoring a Karmann Ghia as a nice driver when you could buy a nice one for $7,500.

    Very few cars are absolutely worthless. There's always the parts value if nothing else.

    By "deduct accordingly", what I meant was to deduct from the values I gave for a super nice car. I wouldn't pay any attention to what the asking price is. You do the research for the type of "classic" you're buying, lookover the one you are considering, and make a decision based on some sound numbers that you've figured out beforehand.
  • stickguystickguy Member Posts: 53,641
    I stopped by a local classic car dealer (mostly muscle cars and an odd assortment of street rods and oddballs). Anyway, they had something I always liked:

    1970 Dart Swinger Special (think I got that right)
    340, 4-speed, AC. Purple with blue? interior, bench seat. Claimed to be 1-owner. I think the mileage was in the 80s.

    Looked pretty clean, seemed to be original in/out (I only did a walk around), no rust apparent. figure maybe a 3 - 2.5 or so?

    I think that this place tends to be high on price (I looked at a GTO a yar or so back), but whats reasonable market for something like the Swinger?

    I skipped over the red Chevelle SS454 4 speed (don't even want to think how much tat is if correct), but my son liked a '32 or so roadster hotrod.

    2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.

  • puzurpuzur Member Posts: 10
    So what do you think this car would be worth? She has been repainted. 38k on rebuilt engine, probably 85k overall. Needs targa top seal replaced, fuel injection adjusted. Otherwise in original condition.

    Seller is asking $12k.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Price is okay but this "adjustment" comment is troubling. If it just needs an "adjustment" why the hell didn't the owner spend the $150 to have it done on a $12,000 car?

    I really don't like the sound of that. Is this a CIS injection-equipped car or the older mechanical type? If CIS you are much better off and coping with problems will be easier and less expensive. Also, does the car have the improved timing chain (Carrera=type) tensioner installed? If not you will DEFINITELY need to have that done and that costs hundreds.

    I'd say the cause of the fuel injection problems (if in fact it isn't a bad valve or something) needs to be addressed before purchasing the car. The Targa seals are also very expensive. I could see that if you bought the car as is you'd be putting a quick $1,200 into it on Day One, and this presumes an "adjustment" is all you need on the FI.

    By all means, though, check about the timing chain guides, that is extremely important as the old style tensioner will allow the chain to break loose....then you are in very deep doo-doo.

    Remember, the cost of an engine rebuild on this car equals the value of the entire automobile (well, close...about $10K for the best job).
  • rooster628rooster628 Member Posts: 2
    I want to sell my '64 Chevy Impala but am afraid of getting taken. How do I place a value on it without getting taken? It has only 25,000 original miles on it. It truly was my great aunt's sisters car (owned by an old lady). It has no body damage at all. The original paint does however look a little rough. The interior is great. Although it ran a few years ago, it doesn't run now. Althoug I don't have the time to mess with it, should I spend the money to make it run before selling it? Is it going to make that much difference on the price I receive? The car is located south of San Antonio. I assume I would have to sell it down there? Thanks in advance for any help on selling this neat old car without getting taken.
  • ghuletghulet Member Posts: 2,564
    what type of Impala is it? Like most cars, body style determines value (convertibles are most expensive, generally 4 door sedans the least expensive). Also, which engine and transmission does it have? This affects value as well.

    You could try to advertise it on a national level (like ebay or autotrader.com) if you have access to a good digital camera (numerous detailed pictures are especially important on ebay). It sounds like a perfect car for someone to restore.
  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    Hmm...I'd say absolutely you must get it running. If it's a 4-door sedan with bad paint I think anywhere from $2,500-$4,000 would be more than fair. The 4-doors are not collectible so I wouldn't waste too much time marketing the car nationally. The EBay suggestion is a good one, since people tend to bid too high, which is good for you. I think I would go that route on this car.
    If you choose not to get it running, you'd have to be satisfied with $1,000 or less. As a guideline, a nearly perfect '64 4-door might sell for $6,000, and that would be a hard sell.

    If it's a two-door hardtop or convertible let us know and I'll come up with other numbers, as these cars are collectible.
  • rooster628rooster628 Member Posts: 2
    Thanks for the information. It is a 4dr. As to the engine and transmission, I'll have to check the next time I'm down at the place. It sits in the garage down there. All I know is that the engine has the original orange paint on it. It's not one of those Impala's I have seen with all the chrome either. That must be a fancier version of the Impala. As far as EBay goes, how does that work? How does the money transfer take place? How would someone get the car? I assume they would have to come all the way down to south Texas to get it from me. Would EBay simply be the way two people would hook up?
  • jsylvesterjsylvester Member Posts: 572
    I used E-bay as a way to find the car I bought. It was mainly a way to advertise, I don't see too many cars in my price range actually go for the reserve price.

    I would think for a car in your price range, it would be a local buyer, as no one is going to spend a lot of money to travel to see the car, then pay to ship it across the country.

    Not saying it is a bad car, but you have to work with what you have.
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