Thread: How do I put a value on my car?

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I'm not asking because I want to sell, but because I'm curiouse.

My '67 Falcon actually books for like $6,000 restored ( last I checked anyway )

but I have almost that in just the motor and parts 4 the turbo ( over $4,000 )

How do I assess a value for a car like this, it is obviously not stock, nor is it a restoration, it is still a 6cyl, but now built for high performance, and it's a 4dr. It has to be worth more than the book value because that is based on a stock restoration, but how do I figure out how much more? should I put it on ebay with a rediculiously high reserve ( $30k or better ) and see how far it goes? when it's done of course. if it actully meets a $30k reserve, I ain't gonna complain when it goes, I'll find a early mustang w/ 6cyl, and do it all over again or maby, build the T bucket I'v always wanted.... but powered by a Turbo 6cyl of some kind

The bottom line is that it is worth what a buyer will actually pay for it. Whether it is worth more than a restored car is up to the buyer. I don't think there will be enough similar cars that have sold to get any real info. You will just have to try it.

When I was buying and selling Corvettes and collector Chevies, I always operated on this principal.....Don't put a price on it that is less than you would be happy with....but don't price it too much higher than that, if you really want to sell. Give yourself a small amount to bargain with, but not so much that might keep a potential buyer from calling.

Probably quite a limited market for a 4 door Falcon, even with all the extra work..... Just because a mint restored car books for $6k, finding someone to actually spend that on one would be a difficult task. The restoration guys would deduct for all the departures from stock and the folks willing to part with big bucks for a Hot Rod are going to be looking at V-8 powered 2 doors.... I would say the only way you could get your money back out of the engine is to install it in a very clean and very nice 2 door Mustang, Falcon, Granda, Fairmont or similar..... The initial cost is always lower on the less desirable cars, but you lose the advantage on resale.... Kind of like the old Fram commercial, "You can pay me now, or you can pay me later." To tell you the truth, until the car is completely done, runs like a top and the body looks better then new you would be doing good to get back about 1/2 your investment. Right now, it all works good in theory......but that's it.....

Originally Posted by Dave Severson

Probably quite a limited market for a 4 door Falcon, even with all the extra work..... Just because a mint restored car books for $6k, finding someone to actually spend that on one would be a difficult task. The restoration guys would deduct for all the departures from stock and the folks willing to part with big bucks for a Hot Rod are going to be looking at V-8 powered 2 doors.... I would say the only way you could get your money back out of the engine is to install it in a very clean and very nice 2 door Mustang, Falcon, Granda, Fairmont or similar..... The initial cost is always lower on the less desirable cars, but you lose the advantage on resale.... Kind of like the old Fram commercial, "You can pay me now, or you can pay me later." To tell you the truth, until the car is completely done, runs like a top and the body looks better then new you would be doing good to get back about 1/2 your investment. Right now, it all works good in theory......but that's it.....

Yea, that was my thinking. I paid $500 for the car, and a little over $500 to get it in a driveable state, then a week after I got the inspection tag, I decided I needed to use the turbo. I know that, I cannot sell it for less than $6k, cause that's what it's worth to me cause after all is said and done, that would be breaking even almost, maby even a loss. so, it looks like I'm keeping it for a while..

recently I could have bought a '67 Mustang 6cyl/ 3spd manual, restored for $5k, 6cyl was tired/ dirty, but it was nice otherwise. I don't have $5k to drop right now, but if I did, I would have bought it, and put the turbo engine in. then peiced the Falcon back togther, added my new 1/4's and installed the Mustang 200 and slapped $1,000 on the window. I can dream


Anyway, if anyone ask's why I bothered with a 6cyl AND a 4dr, I'll just tell them, because I could. This car might not sell at all, but the experience and knowladge that I have soaked up because of it, is priceless. so it was an investment anyway.

Well, all lessons come at a price and experience is no exception!!! I guess I look at the resale potential before I ever even start on a project... Seems now that a car has to be a 100 point concours restoration or totally unique with every last detail tweaked to the max to even make it to the break even level.... With the way Mustangs have been selling lately, hard to resist buying the old one's in most any condition. The one Bill got was more of a crusher candidate then a Hot Rod candidate, but with all the work being done to it turns out the worst parts of the car won't be reused anyway. I keep looking at the brand new all steel '67 Fastback those guys in Az. are building....... They're $15K, but it sure would be neat to start with all new sheetmetal!!!!!

My uncle paid like $600 for his '69 Mustang Ghia, everything on the rear half had to be replaced almost, 1/4's, tail panal ect..., all new. but it was a steal at that price. excelent interior, 351W was there but locked up ( stock rebuild, .010 over ), and it is a toploader 4spd. he restored it in about a year. been done since like spring.

A '69 Ghia???? Never heard of one.......

Yea. Pretty shure '69 was the first year. I guess the big diffrence, is the seat covers/ door panals are Ghia specific, I don't think much changed for body trim, for the Ghia package

Oh. Just a trim package. Guess I spent too much time looking at the performance packages to even notice!!!!!!!!

Originally Posted by Dave Severson

Oh. Just a trim package. Guess I spent too much time looking at the performance packages to even notice!!!!!!!!

Yea. it is a Factory 351W 4v, Toploader 4spd. nothing special on the outside tho, just a plain jane '69 Coupe. Seats have a diffrent pattern for the seat covers, and some emblems that are Ghia specific, but I didn't look close at them, so I don't know what they are, there on the seat covers

easy to say now, but i dont intend to sell any of my projects now and.or future ones

I did some figures yesterday, I will take at least 3k hit if I sold the Falcon w/ the 200 I6 turbo, figuring I could sell it for 3k. so here's my thinking. get a junkyard V8/ auto for like $300, paint it nice, put it in the Falcon, add V8 rad 4 like another $250, then put new 1/4's on, fix front fenders, paint and $2k price tag. almost break even on it ( $1,650 currently invested in Falcon alone w/o engine )

Buy a S10 that is decent enough to drive thru winter ( I'm now in the market for reliable winter truck anyway ) then, hack it up like I wanted to and create a 1920's/'30's looking stake bed truck, run it W/ the 200 turbo engine, that should be worth around $6-7k given the custom work that would be done ( and finished custom/ lowered S10's go for about that ), and I can scrap the factory S10 engine/ trans for a little ( providing there not worth much ) and the factory bed, gain a little money back. Doing this, I should come out on top in both ways, experience, and value's. but I have a 3k budget for the S10 hotrod project, otherwise I could stand to loose money.