12K for 67 coupe "show car"?????

[bud4660]

Here's one that was/is for sale here. This might give you an ideal.

http://www.dfwstangs.net/forums/showthread.php?threadid=147353&highlight=1967+MUSTANG

 

[Snail50]

that's a really nice car, Bud. I don't like the aftermarket AC, though.
I know that a lot of "nice" coupes are being advertised in that price range. I'm just trying to determine whether or not people actually PAY that much, and how much an average seller could be expected to negotiate.

 

[SuperDave]

Don't put too much faith in trophies won, especially in "fun shows". My car has "won" when it shouldn't and "lost" when it shouldn't. It all depends of the sophistication of the judges. All things being equal, a highly optioned car will trump a "plain jane". For example, my car once won against a very nicely done '65 rag, Pony interior, six banger. Go figure. Sixes just don't score well as V-8's with most crowd-judged shows.

An MCA judged show is a totally different picture and is much more objective.

 

[Snail50]

I don't know what kind of shows these were, Dave. Can you tell me what kind of "official" shows there are, and how I might go about verifying if this particular car actually won a trophy in one?
Thanks.

 

[Snail50]

also, I'm not really interested in the trophies, other than HOPEFULLY it indicates that the car really is top-notch.

 

[Edbert]

Is this the car that is in Austin? Did you get to se it like you had planned? Find any rust?

Seeing that it is a "driver" we should wait until the current week of rain passes and have the owner take it out on the road to meet me/us. Seeing him willing to drive is a significant distance speaks volumes of his opinion of its mechanical state. I'll take a look at it for you as I said I would (being somewhat of a self-proclaimed '67 expert). But off the top of my head and not seeing it I'd say that price is steep, most likely he means to negotiate.

Another concern is the mechanical state, worn seat covers and carpet is easy and cheap compared to drivetrain stuff.

 

[Pakrat]

Price unfortunately is extemely subjective to things like seller motivation, buyer motivation, area and current status. For example, you picked the absolute worst time to show interest in a 67'. Since Fugleanor hit the big screen people all think their 67' anything is worth $50 a pound. That doesn't mean you can't find a deal, but you may have to look at a lot of over priced crap to spot that diamond in the rough. Here is a very general plain jane V8 coupe price guide, but obviously the more options the higher the value. Most of the cars you have seen are likely based on this high number, but they do not match the high value description below. Again, this is a rough guide, not a bible.

1967 Ford Mustang
2 Door Hardtop

MSRP..........$2,567

Base Price.....$4,350.....$8,450.....$12,900

Other Vehicle Information
Model Number: N/A
Weight: 2803
Value Explanations
Low Retail Value
This vehicle would be in mechanically functional condition, needing only minor reconditioning. The exterior paint, trim, and interior would show normal wear, needing only minor reconditioning. May also be a deteriorated restoration or a very poor amateur restoration. Most usable "as-is".

Note: This value does not represent a "parts car".

Average Retail Value
This vehicle would be in good condition overall. It could be an older restoration or a well-maintained original vehicle. Completely operable. The exterior paint, trim, and mechanics are presentable and serviceable inside and out. A "20-footer".

High Retail Value
This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition. Note: This value does not represent a "100 Point" or "# 1" vehicle *.
* "100 Point" or "# 1" vehicle is not driven. It would generally be in a museum or transported in an enclosed trailer to concourse judging and car shows. This type of car would be stored in a climate-regulated facility.

 

[Snail50]

Thanks Pakrat. Do you by any chance have a more detailed list, maybe a link to a site with more info???

 

[Snail50]

Here's a link I found:
http://www.1967mustang.com/

 

[Edbert]

Here's a link I found:
http://www.1967mustang.com/

Heh, that is my friends site (former college roommate) and that car on the front page is my old S-code GT

 

[5-oh stang]

You may be able to do like i am doing, i found an all original 68 coupe, 289 turn signal hood good running motor and good tranny, perfect floor boards and very good frame rails for 1000 dollars. It broke down in 1987 due to the carburator and the guy put it on a car dolly and on the trip home a tire blew out on the back passenger side, well that messed up the rear quater and the wheel well housing and so i had to replace that stuff. Just got it done matter of fact, i am working on the interior now and hope to have it fully restored by mid summer, it won't be stock though.... she'll have a little get up and go!!!!
Keep on searching and good luck. When mine is done i will probably have 6-8 grand in it but.... i will know what i have and who done the work! That means alot to me!

Enjoy

 

[GaPonyFarm]

If the owner has had the car appraised before, I'm sure he won't mind having it appraised again, if it has been quite some time since it was last done. Don't simply blow off awards and trophies. Although its a good idea to discount local, regional, fun shows, MCA judged events do in fact help in judging the value of the vehicle... sort of a provenance in relation to the car in comparison to its peers.

This is obviously not an "original unrestored" car, but if the restoration to date is solid and professional, it may well be an excellant bargain. Don't fret too much over things like seats & carpet, as they are inexpensive to update, so long as you can tell they are clean and well cared for... look for small things in a car like this... dirt in the door jams, dirt buildup in the seat hardware, look inside the glove box, check under the rear seat, check the left & right wells in the trunk. If an owner has taken the time to do a detailed restoration, he won't have forgotten these areas... a car with shabby workmanship may look great, but if the owner didn't give time to these areas, its fair to wonder what else he bypassed. This is my personal rule of thumb... more of an art than a science, but worth considering when you check out the car.

btw... An appraisal will tell the owner exactly what the car is worth, not a $4k window. Again, its slightly subjective, so he may have more than one for insurance or selling purposes... perhaps done at differing stages of restoration.

 

[65fastback2+2]

Hark! From what I'm reading here, there is a reverence for ORIGINALITY! All my preaching has borne fruit!

haha sd. Well, like mine, I took it to a classic car appraiser, hes been appraising cars for like 40 years, an older guy. And appraised it for $19,800. Now, when you look in a mustang apprasing book, and look up everything as #2, which is what my car is rated as, I found, it came up, $19,800, right on the dollar. So Im REAL sure its accurate.

 

[Pakrat]

Thanks Pakrat. Do you by any chance have a more detailed list, maybe a link to a site with more info???

Well, I get that type of info from www.nada.com. You can get almost as detailed as you want within general options. Again, it is only for reference, not a bible. Many can argue that it does not cover enough details to be truly accurate, then again, there is almost no other classic price guide alternative on the net. There are red books and kelly blue books available as well for reference and several publications that cover all types of muscle cars. The best thing is to use your own knowledge and common sense in combination with the reference material. For example, showing this guy a print out that says what a $12,900 car really should be vs. what he is selling may help you to succesfully negotiate a reasonable and fair price as he may not be educated to what level his car really is. Remeber though, in this sentimental hobby the only good deal is when both sides are happy with the arrangment.

I would also suggest you educate yourself on the particular options and models for your year. There are lots of great books out there. Here is a link to some. http://www.vintage-mustang.com/amazon/reading.html Knowing when a guy is telling you or discovering he knows all or nothing about his car can help you decide whether or not he is the guy to do business with.

I personally recommend the Illustrated Mustang Buyers Guide. It covers alot of basic knowledge thru the years, documents with comparison photos and gives statistics. You may also want to browse around your local Barnes and Noble, nothing wrong with a little free reading too. I found a great book (that I read for free so can't remeber the name) that showed me all the typical trouble areas to look for right before I started looking, and boy did it save my ars on the car I almost bought before the one I did.

Good Luck!

 

[bud4660]

Heh, that is my friends site (former college roommate) and that car on the front page is my old S-code GT

I wish you would tell him to update his site. That would be some good info if it was kept current. I know I sent my info in 2 months ago. But its not been added.

Bud

 

[Edbert]

I wish you would tell him to update his site. That would be some good info if it was kept current. I know I sent my info in 2 months ago. But its not been added.

Yeah, I know...

He's unemployed right now too. He also owns all of the 19xxmustang.com 19xxcamaro.com 19xxfirebrd.com etc sites. I think they are even more out of date than this one...sheesh!

 

[Snail50]

Good stuff, Pakrat. Fortunately, I've been obsessed with 67-68 Mustangs for the last 18 or so years, and I've memorized almost every option available for them.
I'm always looking for a new Mustang book. My favorite one (and first one) is "Mustang Does It"...the 67-68 sections is so dog-eared and worn out I'm almost tempted to get another one to use for casual reading, and keep the old one as a garage reference.
Tonight I'll probably call the seller of the 67 coupe again to ask him a few more questions.

 

[Pakrat]

Cool! 18 years eh? Well, you got me beat. It only took me another 16 years to get the car I wanted since I was 16. Wanting can be better than having some times though, so wait it out and the right gal will come along. Like cupids arrow, you'll know the momment you lay eyes on her.

Pak.

 

[Snail50]

Cool! 18 years eh? Well, you got me beat. It only took me another 16 years to get the car I wanted since I was 16. Wanting can be better than having some times though, so wait it out and the right gal will come along. Like cupids arrow, you'll know the momment you lay eyes on her.

Pak.

LOL. Yeah, I started when I was about ten. I slaved and bought my first Stang, a 67 289 coupe, at 19. That one was definitely love at first sight. Had to sell her while I was in the service, though. Owned a few newer Mustangs after that, but all the while I was dying to get back behind that big plastic wheel with the huge "impact absorbing" pad in the middle!
I really hope this 67 turns out to be as good as the seller says, because then the search will be over and I can sleep at night again. heck, maybe I'll just sleep in the car.

 

[Snail50]

I got the photos of the 67 in the mail.

Right off, I can see that it has a 69 gas cap; deluxe faux-wood wheel that's cracked on one side (no other deluxe int. items); radio is missing. As far as perfect originality goes, this car falls a little short, but I'm guessing not by much. I'm sure it was possible to get a deluxe wheel on a plain-jane Stang, but I would bet money that someone added it after the fact.

Also, the intake lid has a sticker that says "Sport Sprint." I'm not sure, but wasn't that a 68 option?? After 37 years, I imagine some non-original parts could have found their way onto this car.

Other than that it looks pretty clean and well kept. The engine bay looks to be in very good order, but could use some polishing and wipedown. The camera-black dash is a little faded. The seats look to be in very good shape, as does the carpet, so I'd imagine they've been redone at some point. The car has 130K miles. I'm going to see it this Sunday.

The guy said the car is valued at between 10-14K, so from what all of you are saying, he's probably going by a "book" value, rather than a real appraisal. I intend to go over the car with a magnifying glass, put it up on jackstands and check the underbody everywhere, do the magnet test on the body and water test in the cowl. Anything else I should look for that I could use to negotiate him down from his idea that his car should sell for 12K???