i have found a 1969 r code mach 1. i am wondering what it would be worth. it has a 428 engine with ram air. it needs floor pans, but all of the car is there. any help would be nice.
Hello. It would be impossible to even ball-park it without a whole lot more information. I'm assuming that by ' I found' you mean 'I am considering buying'. The first thing to do would be take the vin and get a Marti report to find out if Ford ever even built a car with that vin. Next, figure out if the car that you're looking at actually is the same car that Ford built with that vin. Since you are asking what it's worth, it would be a very good idea to pay somebody to look at the car for you that knows exactly what they are looking at. That would probably run you a couple of hundred bucks if the person doesn't have to travel to look at the car. Then start figuring out how much money you'll need to sink into it to get it road-worthy, which will be a lot. Does the car run? How ratty is the interior? How much rust is there in the hard to get to places , like the cowl area? Brakes? Suspension? Paint? This isn't a car that you can just decide is 'pretty good' and look it up on some chart, like NADA or Kelly. The devil is in the details. Pretty nice ones are bringing around 50K, perfect, 100 pt show cars are about twice that, rust buckets that need everything are going for high teens up to around 20, depending on just how funky they really are. Hope that helps.
Hmm. That's kinda tough. What else is needed besides the floor pans? If it has the 428 ram air, then it's got the drag pack as well, and that alone makes it pretty rare. If all the numbers match too, then that car's worth a pretty penny.
__________________
I'm not a Corvette guy, I'm not a Camaro guy, I'm not a Firebird guy, and I'm sure as hell not a Honda guy.
So, what am I? I'm a Mustang Man.
1995 Black GT Convertible. No mods as of yet, but soon. Very soon.
Hi again. Most of the 69 R codes weren't also factory drag pac cars. All of the 69/70 GT-500s were ram air cars but very few were also drag pac cars. It was a seperate option package that included the engine oil cooler, a different rear end gear, etc.... You had to pay for that one. A drag pac R code Mach I would be a pretty rare car. If it is also a drag pac car, both horns will be over on the passenger side of the radiator core support, but, again, the marti report will tell you all of that. Good luck.
i have found a 1969 r code mach 1. i am wondering what it would be worth. it has a 428 engine with ram air. it needs floor pans, but all of the car is there. any help would be nice.
thanks
Here is a link to a car on E Bay with that equipment:
He's asking $50k for it (no takers so far) and it looks like a very nice restoration, too.*
Be careful what you spend on that car. With that much rust, it will need a complete restoration. Most of the time, you will need to hold onto the car for a long time before it will be worth more than the cost of purchase + correct restoration.
I suspect that, due to condition, its only a "potentially" valuable car.
How much are they asking for?
*(The seller is known to me, by name. He mentions that a BJ car went for $400,000. This Georgia car, though nice enough, is far from the pristine example that might bring such a high price. I'd estimate a considerable effort and a lot of time on a rotisserie would be needed to approach this level). I notice the $50,000 initial bid does NOT meet the Reserve, which I estimate at about $90,000.
__________________
tripleblack
"You can never be free until you let yourself go."
OK, start out by contacting a good restorer (preferably someone who specializes in Mustangs) near you (lots of stangs in Texas), and ask them the price for a full-bore restoration on a car with rust problems.
I'd guess its in the neighborhood of $60,000 - 80,000. Perhaps more.
Add this to the purchase price, and that's the baseline value you are dealing with.
If you are looking to end up with a low #2 driver, that price might come down some, but you are still looking at a lot of money.
IF it checks out with Marti, etc, its probably worth the money - but a lot more money will have to be added to the kitty to make it a decent driver, and a TON of money to be a #1 car.
__________________
tripleblack
"You can never be free until you let yourself go."
Hi again. If I had any idea where Hooks Texas was, I could probably recomend somebody that does great work for a fair price. Come to think of it, Google knows everything.
Hi again. Sorry. I don't know anyone in Texarkana. The most important thing is to make sure that this is a real car, not a rebody, clone, 'tribute car' or any sort of weirdness like that. The body panels with the vin stamped on them must be salvageable. The vin tag on the dash needs to be there. The floor area directly above the rear differential must be salvageable. You would really be needing someone that really knows 69/70 mustangs, as in does that for a living and seems to be making a pretty good living, to take a look at it. Good luck.
He's asking $50k for it (no takers so far) and it looks like a very nice restoration, too.*
Hi again. That car won't bring 50. It has too many wrong things on it, the undercarriage, steering, suspension and exhaust are just flat-out nasty looking, it's missing all of the little things that a car would have gotten in a profesional restoration, like the stickers, paint baubs, etc... The interior looks pretty nice, but that's the easiest part of a restoration. It would take nothing short of divine intervention for that car to bring anything close to 50. But, maybe that guy has some sort of direct pipeline with a god somewhere, so, you never really know.
MCA Regional Director: Craig Chesley (26318) P. O. Box 8970 Tyler, TX 75711-8970
(903) 581-3876 Meeting Info: Our club meeting meets on the first Tuesday of each month at Traditions Restaurant, 6205 S. Broadway, Tyler, Texas with dinner at 6:30 PM and the meeting starting at 7 PM.
As for the $50k (minimum bid - reserve is higher) car on EBay, note my earlier note:
"This Georgia car, though nice enough, is far from the pristine example that might bring such a high price. I'd estimate a considerable effort and a lot of time on a rotisserie would be needed to approach this level.
__________________
tripleblack
"You can never be free until you let yourself go."
Last edited by tripleblack; 10-06-2007 at 08:20 AM.
Reason: more data
"This Georgia car, though nice enough, is far from the pristine example that might bring such a high price. I'd estimate a considerable effort and a lot of time on a rotisserie would be needed to approach this level.
Hi again. That's what I thought you saying, but I wasn't sure. I figured if I was a little unclear on that, then 69gt might be also.
One should always be careful about an 'older restoration' and find out how 'older'.In the 80s, a lot of cars built in the 60s, which were, at the time, older brand new cars, were rust buckets that needed everything. A lot can happen in twenty years.
Hi again. That's what I thought you saying, but I wasn't sure. I figured if I was a little unclear on that, then 69gt might be also.
One should always be careful about an 'older restoration' and find out how 'older'.In the 80s, a lot of cars built in the 60s, which were, at the time, older brand new cars, were rust buckets that needed everything. A lot can happen in twenty years.
I think he got the message, Ms V. It will be intersting to watch that GT and see how it does in the auction. I wouldn't be surprised if it drew no bids at all (the economy has a lot of folks nervous).
Looking at the exhaust and undercarriage, they don't have that many miles on them - the exhaust is obviously not original, and only slightly rusty vs a solid mass of rust that the OE would be - BUT they would all have to be disassembled and repainted to bring the car back to a high #2 rating (which would push the price well over $50k, but far short of the $400k example). I suspect that only a great deal of money would push the quality over the #1 rating, and even then this particular example would probably never be worth $400k (I suspect the history and 'story' just isn't there).
A top shop with a year to work on the car could result in a solid #1, but the market is fluctuating quite a bit lately, and I wonder if we will see $400k prices for such cars in the future...
Its more probable that you would invest $150k in a $50k car and sell it for a $30k loss. Since Barrett Jackson sells with NO reserve, the danger that the car would bring far less would be very real. I saw lots of similar cars go for a LOT less than $400k, with very tiny differences in quality.
__________________
tripleblack
"You can never be free until you let yourself go."
I think he got the message, Ms V. It will be intersting to watch that GT and see how it does in the auction.
Hi again. I suspect that it's going to continue doing exactly what it's been doing, which is nothing. There are a bunch of things on that car that would nickel and dime you death, like the snorkel on the breather is missing. One would think that this isn't a big deal, they could just go get another one. And they could for about nine hundred dollars. That's after spending a fair amount of time just finding one. But, to the car's credit, it does at least have the correct lower mounting plates for the staggered shocks in the rear. It looks like it's mostly all there, it just needs, as you said, a ton of money and time thrown at it.
Hi again. I suspect that it's going to continue doing exactly what it's been doing, which is nothing. There are a bunch of things on that car that would nickel and dime you death, like the snorkel on the breather is missing. One would think that this isn't a big deal, they could just go get another one. And they could for about nine hundred dollars. That's after spending a fair amount of time just finding one. But, to the car's credit, it does at least have the correct lower mounting plates for the staggered shocks in the rear. It looks like it's mostly all there, it just needs, as you said, a ton of money and time thrown at it.
Maybe I should forward this info to the guy on ebay.
Anyone looking to get serious with a restoration project needs to do some research like this. Missing/damaged parts sometimes cost a fortune (and can require a lot of time searching). Even a project car as complete as this might need thousands of dollars in parts to bring it back to where it rolled off the dealer showfloor.
__________________
tripleblack
"You can never be free until you let yourself go."
Value of a 1969 R code Mustang? 
It would be impossible to even ball-park it without a whole lot more information. I'm assuming that by ' I found' you mean 'I am considering buying'. The first thing to do would be take the vin and get a Marti report to find out if Ford ever even built a car with that vin. Next, figure out if the car that you're looking at actually is the same car that Ford built with that vin. Since you are asking what it's worth, it would be a very good idea to pay somebody to look at the car for you that knows exactly what they are looking at. That would probably run you a couple of hundred bucks if the person doesn't have to travel to look at the car. Then start figuring out how much money you'll need to sink into it to get it road-worthy, which will be a lot. Does the car run? How ratty is the interior? How much rust is there in the hard to get to places , like the cowl area? Brakes? Suspension? Paint? This isn't a car that you can just decide is 'pretty good' and look it up on some chart, like NADA or Kelly. The devil is in the details. Pretty nice ones are bringing around 50K, perfect, 100 pt show cars are about twice that, rust buckets that need everything are going for high teens up to around 20, depending on just how funky they really are. Hope that helps.
There are a bunch of things on that car that would nickel and dime you death, like the snorkel on the breather is missing. One would think that this isn't a big deal, they could just go get another one. And they could for about nine hundred dollars.
That's after spending a fair amount of time just finding one. But, to the car's credit, it does at least have the correct lower mounting plates for the staggered shocks in the rear. It looks like it's mostly all there, it just needs, as you said, a ton of money and time thrown at it.
