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Old 12-27-2004   #1 (permalink)
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Default How much is my car worth?

Unfortunately, I just blew up my daily driver(91 Explorer). We don't know how it happened, but smoke started pouring out from under the hood, so I pulled over right away, and no sooner did I get it in park and it exploded. The only thing that kept me from being injured is that the firewall held strong. Well, I only had liability on it, because I never expected it to blow up, cause any motor problems I can fix. So now I'm stuck driving a 92 Geo Metro. As you can imagine, it's not the most attractive car, in any sense of the word. So I'm thinking I might have to sell my 67 Mustang in order to get a good daily driver. I'm only thinkin bout it right now. Anyway, I wanna see what you think I could get out my Mustang in the condition it's in now.

Alright, here's a pic of it: http://www.homestead.com/acooljt/files/driver4.jpg

Brand new 1/4 panels, fenders, newly upholstered seats, Eleanor fiberglass hood(I still have the original hood as well), and new torque boxes and floor pans but they're not installed. I have everything to finish the car BRAND NEW except small things like garnish moldings, and little things like that. New glass, TCP subframe connectors, TCP motor mounts, TCP tower brace kit. I also just rebuilt the C4 tranny for it, and am rebuilding a 289 for it that has just been bored .030 over and had all the proper tests ran. It is an original 6-cyl. car but I have EVERYTHING to convert it over to a V8 car including an 8-inch rear-end and all the front hub assembly and stuff. So pretty much all that needs to be done is:

Install floor pans and torque boxes
Bodywork and paint job
Assemble the car

Cause I have all the parts(except small minor stuff as I said). It's tragic this had to happen cause I'm almost finished with the car. But anyway, the big question is, if I decided to sell this, what would be a reasonable asking price? I've got over $12,000 in the car(including the price of the car which was 1800, and like I said, I've got everything to finish this including an already rebuilt drivetrain).

I can't believe I'm even making this post, I never thought things could be so bad.
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Old 12-27-2004   #2 (permalink)
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Hello.I'm glad to hear that you weren't hurt.I had the pleasure of watching my '70 Galaxie 500 do a complete back-flip when the gas tank exploded in it a few years ago. I hate to have to tell you this,but it would be pretty pointless to sell your Mustang.I would be amazed if you got more than 2K out of it.The problem is that,no matter what you've done to it,it's still a 67 6cyl coupe that needs a paint job.The only classic mustang that would be worth less than that would be a 68 6cyl coupe.That's not to say that it's not a good car,it's just that people on the open market are only willing to pay so much for one of them.You would be able to get almost as much for the Geo as you would the Mustang unless you sold the Mustang one piece at a time on ebay.The sum of the parts would be worth a good bit more than the entire car.You might want to consider just driving the Mustang until your money gets right enough to get something newer.Hope that helps.
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Old 12-27-2004   #3 (permalink)
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Can't drive the Mustang, the 6-cyl drivetrain is out of it. Also, it'd take me a good while to get it road-worthy.
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Old 12-27-2004   #4 (permalink)
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but see it is stilla 6 cylinder car. doesnt matter what is under the hood if a person is going after a car that is restored all the numbers need to match. if the codes say inline 6 then they look under the hood and it is a v8 then it is gonna be some work switching. second if that car was fully restored to original condition with a v8 drivetrain swap it wold only be worth about 5000. i think youcould get about 1000 bucks. bc alot more time material and labor are still involved. plus the floors which is one of the hardest part of the restoration stil isnt done. i would say save it and then work on it slowy. or stick with the geo and enjoy the 40 mpg for a while save the money and buy another car. if yousold that car alot of money is done the tubes. if you resotred it with the v8 drivetrain and did quiet a bit of modifications you might be able to get 7grand for it. a rebuilt 289 isnt much either especially for a car that can fit a bigger motor.
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Old 12-27-2004   #5 (permalink)
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Yeah, but you can get plenty of power out of a little 289. Probably the most overlooked engine ever. A guy I worked for building custom hot rods built one that they'd launch at 7,000 and shift at 9,200.
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Old 12-27-2004   #6 (permalink)
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but you dont understand. yes you can get 300 hp from a 302 or 289 only spending about 1500 bucks. it isnt one of the most over looked eingines either.that motor is in every car pretty much. all mustangs are 302s 289s or a sister motor off the 302. the fact is you rnot going to get more then 2 grand for the car. even if you gave them all the stuff you have for it. im not the only person that said it. if you can get the car driveable you might be able to get more. but not much. the car is half unpainted sheet metal just asking to rust away. the amount of work that is needed to restore the car isnt worht it. someone could buy a scrap 67 for 500 bucks and do the same thing. sheet metal isnt expensive its the labor. im not trying to be an a$$ so telling you what i think. i paid 1500 for my 66 coupe . i could drive it home and it only needed 250 bucks to pass inspection. which was stupid little stuff. the body is in good shape for the most part some small spots on the door. another major fact is people dont want a car they have to fix either unless they have mojor plans for a car. but otherwords they want to spend the money on something they can drive. not wait 6 months to drive and dump alot of money into .
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Old 12-28-2004   #7 (permalink)
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Yeah, I know about the car.

And when I said the 289 is overlooked, that's just what I meant. I didn't mean the 260 and I didn't mean the 302. The 302's are like @ssholes, everyone's got one. I'd put a 289 up against a 302 anyday of the week. Anyway, it's off topic.
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Old 12-28-2004   #8 (permalink)
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289 came from the 260 and the 302 from the 289. which the 289 and 302 are the same motor. the stroke is a bit longer on the 302 and bore . any who. what do you plan todo? i say save the stang stroke your 289 blow it and enjoy the ride meanwhile cruise in the daily driver of the geo as you save a ton of money on gas . use it as a last resort option. if you absolutly need to sell it try to get it atleast driveable then sell it. doesnt matter if it wil pass inspection at that point as long as you can move it into a trailer if need be. but i still stay put it away for a rainy year. there are alot of nice cars out there sell the geo if you want something more reliable but first save a few bucks to get something descent. my .02 cents
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Old 12-29-2004   #9 (permalink)
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Quote:
Originally Posted by Acooljt
I'd put a 289 up against a 302 anyday of the week. Anyway, it's off topic.
Where did you come up with this. The 289 and 302 are essentially the same engine. Virtually no difference.
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Old 12-29-2004   #10 (permalink)
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I know they are. They're the same motor besides the stroke hence me saying "not the 260 and not the 302." The 260 is also the same motor besides the stroke.
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1967 Mustang Coupe

R.I.P. Darrell Russell 1968-2004 The racing world has lost a great racer.
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Old 12-30-2004   #11 (permalink)
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Default Sorry to hear all this..but bad news ahead

Despite having all that stuff in materials, like they said earlier it would take over 5k prob to have all that put together which is what an ok 67 289 mustang would cost anyways..so unfortunatly, you are either 1. stuck with car to be ur own 2. sell and lose all money put into it. Rules in automobiles, unless its extremely rare or you just get lucky and find the right buyer, you will rarely get out of it what you put into it.
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Old 12-30-2004   #12 (permalink)
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Nah, I have no doubt I can get out of what I put into it, when it's done. I've built custom hot rods and what not before. If you can't sell it for as much if not more than you put into it, than you must not have done a good job(not saying you specifically, I'm talking in general).
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R.I.P. Darrell Russell 1968-2004 The racing world has lost a great racer.
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Old 12-30-2004   #13 (permalink)
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i think you are completely wrong! theres guys that spend 30 grand on their baby and then sell it for 20 and they do really nice jobs. sometimes u can come close to what u have in it as long as u don't go overboard. 12 grand for a 67 coupe that was a 6 is pushin it, i think it would have to be nicely done. especially in the states where u guys can get rust free bodies so cheap i liek numbers matching cars. i'm not expecting to get huge dollars out of my mach when its done even tho i have a cleveland for it jsut cuz its not the original engine. my opinion anyways which isn't worth alot but i like it hahah
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Old 12-30-2004   #14 (permalink)
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dude your just kidding yourself. car isnt worth 1500. and it is rusting away as you sit here and decide what your gonna do with it. you basiclly said that guys who spend 10 years restomoding any car waste all there time. you can dump 50 grand and fully restore a car . but it isnt worth that much ... it is the way the world works. if you find someone to by that car for 12 i personnaly think they should be shot or sent into a mental institution. im not trying to be negative. you said you bought all that sheet metal ... the metal isnt expensive its the labor like what was said before. i can gaurantee your not gonna get more then 5 for it if your lucky. just to give you an idea. i know someone who bought a 32 ford with all the original wood in side and everything paid ten grand for it. came with all chromed out independant front suspension the 60s vette rear all chromed half shafts and a rebuilt motor. all parts probably around 20 grand. but could only sell it for 10. there are alot of 67 coupes out there. rust free , with everything . someone would much rather spend money on a worked 67 spend 10 grand and be happy. my .02 cents im sticking with what i said before keep it , or take the loss
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Old 12-30-2004   #15 (permalink)
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No, I don't expect to get 12 grand out of it as in the way it looks now, but I will have no problem getting that(if I so desired) when it is done. I use to work for a guy building custom hot rods, and that's how we made our money was obviously selling the car for more than we have in it. And it was no problem. They'd always sell in a week, no problem.
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R.I.P. Darrell Russell 1968-2004 The racing world has lost a great racer.
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