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Classic Mustangs Talk General Discussions

General discussions specific to 1964-1967, 1968-1970, and 1971-1973 Classic Mustangs. Discuss all non-technical topics related Vintage Mustangs here.

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Unread 02-17-2011   #1 (permalink)
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Default 1964 1/2 mustang value?

Hey guys, my dad has a 1964 1/2 mustang convertible that he got from his mom when she passed away, he has spent 10 years doing a full restoration, he recently got an appraisal and he feels it is pretty low. So I am here to get your guy's estimations on a value.

ABOUT THE CAR:

This is a 1964 1/2 mustang with the "D" code V8 289.
came from the factory with a Power top, auto trans, seat belt delete, and possible the rally pac.

it now has a manual 4 speed trans, and a 450 hp 289, using the same block that came with the car from the factory. a 6 cd stereo with a ipod hook up and an amp and two subs. the stereo is not in the dash but in a custom made center console.

THIS CAR HAS 12,000 ORIGINAL MILES!

here is a link to about 90 photos of the car.
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Unread 02-17-2011   #2 (permalink)
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Hello. The mileage, even if it is documented, doesn't matter on this car, because everything cool about being low mileage got erased in the restoration. He knocked that big hole in the hood, and the car has either the wrong motor or major components of the right motor missing. There a lot of little things, like the wrong gas cap, that aren't really helping it, also. An appraisal for insurance purposes on that car would probably be something in the low 20K range. An estimate of the actual market value of the car would be lower, maybe 15 or 16. The market is pretty soft these days. Which is not to say that this is not a nice car. It has great eye appeal, and is, no doubt, fun to drive.
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Unread 02-18-2011   #3 (permalink)
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Quote:
Originally Posted by Veronica View Post
Hello. The mileage, even if it is documented, doesn't matter on this car, because everything cool about being low mileage got erased in the restoration. He knocked that big hole in the hood, and the car has either the wrong motor or major components of the right motor missing. There a lot of little things, like the wrong gas cap, that aren't really helping it, also. An appraisal for insurance purposes on that car would probably be something in the low 20K range. An estimate of the actual market value of the car would be lower, maybe 15 or 16. The market is pretty soft these days. Which is not to say that this is not a nice car. It has great eye appeal, and is, no doubt, fun to drive.
He bought a new hood, still has the old one, and all the old stuff of the old engine, like the heads and such. what would something like this go for if it was restored to original condition?
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Unread 02-18-2011   #4 (permalink)
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Depends how far you go to original,If you go concours it will bring a lot but also take a lot of money to restore it that far back.Concours means the day it rolled out the plant down to all the tags on it lines painted on the suspension and driveline.All parts have to date code match and nothing aftermarket on it.
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Unread 02-18-2011   #5 (permalink)
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Hi again. There are restorations and there are restorations. If you are talking about NOS, correctly date coded belts, hoses, exhaust system, etc.., correct to the last detail, 100 pt. trailered concours show car, it would be difficult to say what that might bring at auction. If you are talking about a more modest level of restoration, using reproduction parts, occasionally driving the car, etc..it's hard to imagine it ever bringing more than something in the mid to high 20s, and, it would need to be a really, really nice car to do that. The thing to remember when trying to figure out how much a car might bring is what else is available in the price range you're thinking about. Once you get in that high 20s range, you are approaching K code convertible money. Given a choice between a really, really nice D code convertible, and a pretty nice K code convertible that needs a bit of fluffing up, many people would prefer the K code. There is a ceiling on the value of the D code which has absolutely nothing to do with the condition of the particular car.
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Unread 02-18-2011   #6 (permalink)
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Ok thanks guys, it will never be sold, was just wondering. Its a fun car and will always stay in the family. the reason it wasn't put back to original was becuase how many convertible mustangs do you see? Take that number, and compare them to convertible mustangs with a 450 hp 289 in there. it is out of the ordinary and that's what my dad and I like.

again thanks for the info!
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Unread 02-18-2011   #7 (permalink)
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It's a beautiful car no doubt. You guys made it fun and unique and in my book that's more fun that what any value could be placed on it.

Markets fluctuate as well so prices will rise and fall in cycles.

 
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Unread 02-18-2011   #8 (permalink)
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What did you do to get 450 out of a 289?
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Unread 02-18-2011   #9 (permalink)
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What did you do to get 450 out of a 289?

A LOT! let me get the list of things from my dad, don't want to say we did something and didn't.
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Unread 02-18-2011   #10 (permalink)
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What did you do to get 450 out of a 289?
Hi again. I would be willing to bet that the blower sticking through the hood had something to do with that. Probably in conjunction with a shot of nitrous.
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Unread 02-18-2011   #11 (permalink)
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so what was the apprasel?
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Unread 02-18-2011   #12 (permalink)
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Hi again. I would be willing to bet that the blower sticking through the hood had something to do with that. Probably in conjunction with a shot of nitrous.


its not a blower! basically just a fancy air cleaner, only adds about 20 horse power, no nos either. it does have a gear drive, so going down the road with that "BLOWER" sticking out and the whine sound you would have no clue.
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Unread 02-18-2011   #13 (permalink)
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so what was the apprasel?
It was appraised at 12,500
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Unread 02-19-2011   #14 (permalink)
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Its not a blower just the bird catcher intake off one.12,500 is a little on the low side but insurance companies always low ball you.A rusted out shell of a convertible sell for 6k to 8k sometimes.My friend 2 years ago totaled his buick grand national a suv ran a redlight.The insurance company only gave him 5k for it he had to fight them to prove you can't buy a running one for that price.After a year he got 11k total from them.
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Unread 02-19-2011   #15 (permalink)
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It was appraised at 12,500
Hi again. Since they had someone to actually look at the car in person, that could very easily be about right.
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