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These are items sold on Ebay within 250 miles of Madison that I think were well bought:
1953 MG T-Series TD
Sold: 15K
http://tr.im/EfFN
one family owner
1969 “real” OLDSMOBILE 442 CONVERTIBLE
SOld: 15.9K
http://tr.im/EfI4
1961 Ford Galaxie Barney Fife
sold: 3.1K
Just like the one at sold at Barrett Jackson for 100k
http://tr.im/EfKh
1964 Chrysler 300 Series Convertible
SOld: 15.5K
http://tr.im/EfLz
[img]http://imagehost.vendio.com/a/8048753/aview/cutlass_094.JPG[/img]
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The main thing I have noticed from this year to last year is that there are a lot fewer cars being sold (meeting their reserve and going to a new home).
My experience has been that you get what you pay for. Quite frankly, nowadays, you don’t get much car for 15K. If you’re just looking for a weekend cruiser or a cruise night car, then you can do pretty good for 15K.
Originality and year correct factory stock restoration is important to me, so consequently, cars of this nature are much more expensive. I have’t seen too many cars lately that were original or have been restored to factory original specs, that were selling for this kind of money. That ’62 Impala convertible in need of a full restoration had an asking price of 25K! When finished, this car would have been worth 45K easy!
I would use the ‘442 as a good example. If you don’t care about the car not being an original red factory convertible, or the fact that the motor is not correct for the car, then the price was a screaming good deal. To take that car back to a factory stock 442 convertible with a correct motor and a repaint in the factory stock color, you’re looking at another 20K. You’d end up with $35K invested in a car that is not worth much more than about 30K. I am also very concerned about a fresh repaint. There is no way to tell how much body work or the quality of the bodywork is hiding underneath that fresh paint.
Marshall
MMRJR wrote:
Quote:My experience has been that you get what you pay for. Quite frankly, nowadays, you don’t get much car for 15K. If you’re just looking for a weekend cruiser or a cruise night car, then you can do pretty good for 15K.I would disagree with you to an extent. I think if you shop long and hard, and have the means to travel, you can find some pretty sweet cars that would be show contenders IMO. Depending on what your looking for, of course. You wouldn’t find a pristine ’69 Charger for that kinda $$$, but a damn nice GM A body car on the other hand…
Originality and year correct factory stock restoration is important to me, so consequently, cars of this nature are much more expensive. I have’t seen too many cars lately that were original or have been restored to factory original specs, that were selling for this kind of money. That ’62 Impala convertible in need of a full restoration had an asking price of 25K! When finished, this car would have been worth 45K easy!
I also agree with you on restorations. I prefer a stock resto, but with a few goodies under the stock appearing valve covers and intake manifold 👿
moparkid25 wrote:
I also agree with you on restorations. I prefer a stock resto, but with a few goodies under the stock appearing valve covers and intake manifold 👿
I agree with you on that point! There is absolutely nothing wrong with “performance enhancements” that don’t affect the stock look.
Marshall
I still think you can have that factory fresh original car for 15k, it may not be powered by a V8, or be highly optioned but they are out there…
Here is my example:
1962 Chevrolet Impala Sport Coupe
It was owned by 1 family for 40 years, comes with documentation, 63,000 miles, has been repainted (12,000 dollar paint job) and freshened up, but only has the straight 6 in it. But it is original, straight and clean and ready to show and roll.Buy it now: 15K
Ryan,
All I can say is WOW! That car that you use as example is going to be very well bought. There is less than two hours to go and the high bid is at 10.6K. This may be the very best deal on a classic car that I have seen in several years.
I suspect that cars like this black Impala are the exception rather than the rule.
In my case, because I will not buy anthing other than a factory red convertible, I will end up paying more. I am reminded of that old saying “when the top goes down, the price goes up”.
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