Discuss 1984 GLX Convertible: Need Help With Pricing on AllFordMustangs.com, the place for Mustang enthusiasts.
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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 09:59 PM.
86 gt.with a 91 GT engine, BBK CAI,conv. to Pro M 75mm MAF,Pro P 70mm TB,Spacer, A/C and Smog gone, belt 72in,Full BBK under drive kit, PA 3G 130 alt, electric fan, Stock rad. MSD cap,coil FRPP 9mm wires, Autolite copper plugs, BBK shorty headers,O/R H pipe, Flowmasters 44's 2.5in,GT tail pipes,5 speed
1989 LX Under the hood CAI ,FRPP shorty,O/R h pipe,Flowmasters, lx tail pipes,Slotted and cross drilled front rotors,Hurst short throw,5 speed, 3.55 gears And a hood that's WAY too big
Yeah, my Grandma is a bit off in her assessment, she's associating emotional value and she thinks that since it was built for my Grandpa as an ordered vehicle (he used A-Plan and chose all the options) that it is somehow unique. She's also hurting for money.
Hell, the car was only $12K new in '84 and my Grandpa likely only paid $10K w/A-Plan pricing!
I'm gonna have to drop at least $2500-$3K into it just to replace the entire interior and convertible top. Although I'd like to help her out (she is my 76 yr old Grandma) I just can't see paying more than $5K AT MOST. Realistically I'm thinking $3K and even then I'll still be out $$$ once I get it back in fully restored condition. I plan on keeping and driving the car.
Just curious if anyone has any type of hard facts/numbers that I can user to show her the value of the car. KBB doesn't go back to '84 and I don't see any good examples on Yahoo Autos or Auto-Trader. -Sorry, I don't have any pics of the car.
Last edited by RgrRgrTen4; 01-25-2013 at 11:15 PM.