1984 GLX Convertible: Need Help With Pricing
I've been a member of AFM for a few years but mainly hung out in the 2011+ section while I was driving around in a 2011 GT/CS. The AFM members in that area were GREAT peers and gave a lot of good info. However I'm now looking into purchasing an older GT and was hoping for your guys advice...
Quick background, I grew up in SE Michigan, my entire family worked at Ford at the plants in Saline, Ypsi and Rawsonville and one of my Grandfathers was an engineer in Dearborn.
My first car was a 1984 Mustang LX Coupe 2.3L I purchase in 1994 for $500 cash at age 15. It had a bad block and head gasket so I figured out how to replace the block and rebuild the engine myself (cost me an additional $600 and lots of blood, sweat, tears and new curse-words!). Drove that car for 3 years 'till it finally rusted out beyond repair!
Fast-forward to today and 3 Mustangs later, and now I'm in the market to buy my late Grandfathers garage kept 1984 GLX convertible...but I have NO idea how to price/appraise this car.
The car is a 1984 Mustang GLX 5.0L EFI w/81,000 miles. Although it's a Michigan car, it's been garage-kept and never driven in rain/snow/salt -it's 100% rust free and the paint is immaculate. But the car is dirty and it's been sitting since September 2008, interior is a bit rough, leather seats are beyond repair. It has the 7.5" rear end, 5spd manual transmission and VIN "M" HO-175HP EFI engine.
My Grandma is saying she wants $15K for the car but I'm thinking around $3500-$5000.
Anybody here know how I can accurately put a price on this car?
Last edited by RgrRgrTen4; 01-23-2013 at 10:59 PM.