Last post on Dec 11, 2013 at 7:25 PM
You are in the Classic Cars
What is this discussion about?
#27713 of 30870 Re: WARNING! Discussing a Vega on eBay! [uplanderguy]
by MrShift@Edmunds HOST
Jan 23, 2013 (12:13 pm)
yeah it's the low miles that's the point. Someone guarded that car and purposely kept the miles low but the condition pristine. So my point was that the tremendous effort brought meager rewards.
Oh a Gremlin X w/ 304 V8 could easily top $8500 if it was a really nice one. As high as $11.5K. A 6 cyl Gremlin could probably hit $9.5K if pristine.
But not a Pinto
A Cogsworth Vega maximum potential would be about $14K.
Actually, given the condition of that '76 Vega, I would say it actually underperformed for its class and type at $8500.
#27714 of 30870 Re: WARNING! Discussing a Vega on eBay! [Mr_Shiftright]
Jan 23, 2013 (12:27 pm)
What would that Vega have sold for new, back in 1976? I just ran the numbers on an inflation calculator, and $8600 today equates to about $2131 back then.
But, in 1976 I doubt if you could even get a stripper Vega, let alone a GT, for that little. Although it doesn't have a/c, only has an AM radio. I can't tell from the pics whether it has power steering or brakes. So, other than the GT package, I guess it IS a stripper.
The only real price reference points I have for that timeframe is 1975, when my Mom bought a new LeMans coupe, and my grandparents bought a new Dart Swinger, and both were about $5,000.
I guess very few classic cars ever get back up to their original MSRP, when you adjust for inflation.
#27715 of 30870 Re: WARNING! Discussing a Vega on eBay! [andre1969]
by MrShift@Edmunds HOST
Jan 23, 2013 (12:41 pm)
Now calculate insurance and garage and maintenance costs for 35 years
#27716 of 30870 Re: WARNING! Discussing a Vega on eBay! [Mr_Shiftright]
Jan 23, 2013 (12:47 pm)
I saw a story on the internet not too long ago, where a thief stole a brand-new Corvette back in the 1980's. I forget the exact year, but it was a C4. Anyway, he actually got away with it, but it got to the point that he could no longer afford to keep it in storage, so he turned himself in!
I don't know if he ever tried to insure/register it or not.
#27718 of 30870 Re: WARNING! Discussing a Vega on eBay! [robr2]
by MrShift@Edmunds HOST
Jan 23, 2013 (1:46 pm)
Cool. They only paid double what it was worth, on a car that continues to depreciate---that's smart investing!
#27719 of 30870 Re: WARNING! Discussing a Vega on eBay! [andre1969]
Jan 23, 2013 (2:11 pm)
Andre, that Vega has the Custom Interior package and the side stripes--both actually optional on even a Vega GT.
Totally off the cuff, my guess is that that Vega was probably right around $4K on the sticker. Cosworths were $6K and up (sticker). I was looking at new Vegas at that time and that's a fairly educated guess (not to sound 'vain'!).
The 5-speed trans was also optional, as was AM radio, as you noted, plus whatever the destination charge was back then. Can't remember if it has power steering or not, which would have been optional. Swing-out quarter windows were optional. I'll have to look back at the ad to see what all the car has.
I never look for Gremlins or Pintos on eBay, honestly, but whenever a clean Vega non-Cosworth like this one comes up (rarely, trust me), there always seems to be a good bit of bidding interest on it...unlike Cosworths and general Vega mongrels which are always on eBay.
Jan 23, 2013 (2:12 pm)
Now here's an optimist's version of a car advertisement I just saw: (misspelled words were left in place)
"FOR SALE 1967 VOLVO 122 4 DOOR, GREAT SHAPE, A LITTLE RUST BUT ALL THE CROME AND DECALS ALL ON CAR. HAS A RAG TOP VERY RARE ,THAT NEEDS TO BE REPLACED. IT WILL START RIGHT UP BUT NEEDS NEW BATTERY AND NEW ENGINE SEALS IT LEAKS OIL BAD, I WAS GOING TO FIX IT BUT HAVE NO TIME . YT FATHER STARTED WORKING ON IT BUT NEVER FINSHED THE JOB SO THE TRANNY IS OUT BUT I HAVE IT AND ALL THE OTHER PARTS HE REMOVED. ITS A BEAUTIFUL CAR JUST NEEDS TLC . IF YOUR INTERESTED CONTACT ME AT XXXXXX"
#27721 of 30870 Re: Saw This Ad [Mr_Shiftright]
Jan 23, 2013 (2:14 pm)
if this is his idea of "great shape" I would hate to see "needs work".
and is he implying that a 120 series has a fabric top?
#27722 of 30870 Re: WARNING! Discussing a Vega on eBay! [uplanderguy]
Jan 23, 2013 (2:21 pm)
Just looked on ebay, including completed sales (although I'm not sure how far that goes back)--only two Gremlins that have sold showed up...one for $2,850 with 122K miles that looks nice in the pics, and the other, a V8 (not 'X') with 27,500 miles with a dent and scrape on the one side, that sold for $5,010.00 last week.
I couldn't even find any Cosworth Vegas that sold under 'completed sales'.