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#1 of 143 The real value of "old" cars?
Jul 26, 2010 (9:12 am)
Maybe I'm just out of touch with the market?
Attended a local car show yesterday and walked around for an hour or so.
The Northwest Cougar Club was the sponser so, as you would imagine, Cougars dominated the show. I didn't realize there were so many in the area and the following they have.
Spotted a 1968 for sale. Base model, red/black vinyl top. Nothing special, 289 engine, AT no A/C or anything else that I could see.
Mediocre repaint job at some point in it's life. Not a "bad" paint job but not a good one either.
Reported to have only 50,000 miles.
So, I'm guessing he probably wants 5-6000.00 for it.
Nope! Asking price was 13,500!
Is he looking for a sucker? Is he nuts or am I totally out of grips with the reality of the market?
Anyone a Cougar expert?
#2 of 143 Re: The real value of "old" cars? [isellhondas]
Jul 26, 2010 (11:35 am)
Your estimate looks closer to reality to me.
To paraphrase Shifty: asking prices are the ultimate expression of freedom of speech
#3 of 143 Re: The real value of "old" cars? [isellhondas]
Jul 26, 2010 (12:13 pm)
You're on the money, as far as Ebay's concerned. They get bid between $3k and $9k, sounds like your would fall in the middle somewhere. Of course, that was at a Cougar show, so lots of pride in that price...
#4 of 143 Re: The real value of "old" cars? [isellhondas]
Jul 26, 2010 (12:48 pm)
Took the Mustang to the Port Orchard Mustang show yesterday & the 66 Hardtop that was next to mine is for sale. 289, Automatic, Style steel wheel covers that imitate the real things. Tahoe Turquoise color, AT, PS, 100,000 miles - a decent looking car, no rust, and he was asking 10 grand for it. One family was seriously interested, but the owner drove it home.
IMO, the reality of the Mustang/Cougar market is anything but standard. My experience is that the Class 2's usually have a too high asking price as do the Class 3/4's.
13,500 should get you an XR7 with Leather, working headlights & sequentials, and a very decent exterior & interior in excellent detailed condition.
#5 of 143 Re: The real value of "old" cars? [euphonium]
Jul 26, 2010 (1:26 pm)
Thanks for the responses. I'm glad I was thinking right.
There was a near perfect burgandy XR-7 there. Not for sale but it couldn't have been any nicer. Air cond, factory sunroof and most of the other available options.
It had a 390 engine and when I took a look, I was reminded about what a B***H it was to change spark plugs in those!
I forgot about those sequentials that they shared with the T-Birds. I saw one being worked on once and what a primitive setup those were!
#6 of 143 Re: The real value of "old" cars? [euphonium]
Jul 26, 2010 (1:27 pm)
Sounds like a stretch although I think Mustangs pull more money than Cougars do.
More like 6000.00 I'm thinking it's worth.
#7 of 143 Re: The real value of "old" cars? [isellhondas]
by MrShift@Edmunds HOST
Jul 26, 2010 (2:57 pm)
Cougars are the "poor sister" to Mustangs and generally do sell for less.
Asking prices are rather meaningless. It is not the owners, not the sellers, not the club members, not the concours judges, not the appraisers---who determine Market Value.
The buyer determines Market Value.
When an owner prices a car at exactly double the going rate, then my opinion is that the car is not seriously for sale. It's a trolling game of some sort, or some attempt to justify the outlay for the car or its restoration.
#8 of 143 Re: The real value of "old" cars? [isellhondas]
Jul 26, 2010 (3:20 pm)
I think that loaded XR7 was at the Mustang show too...cool car, I like highly optioned unsual packages like that.
#9 of 143 Re: The real value of "old" cars? [fintail]
Jul 26, 2010 (5:07 pm)
You should come to the Triple X drive in in Issaquah. Cars tehre every Saturday night in the summer and on Sundays too.
Yeah, it was probably the same car.
#10 of 143 Re: The real value of "old" cars? [isellhondas]
Jul 26, 2010 (6:03 pm)
I've been out there a couple times for MB themed gatherings (which were of course small)...maybe someday I'll take my old Panzerwagen out there to mingle with the Detroit iron