69 mustang

[zigmont]

I am hoping to buy a 69 convertable that I discovered recently, and am not sure what is a fair price to offer for it. The body is straight with very little rust except for the rear floors. It originally was a 302 with a C4.
It has been sitting in the owner's garage for the last couple of years. He has owned it for over 30 years. He is getting on in years, and has decided his health won't allow him to complete the car.

What it has now:
A new (never run) 40 over 429 with mild cam and a beefed up C6 and a 9 inch 3.55 posi rear. New disc brakes on all 4 wheels. New Crager wheels and new tires. New exhaust with flowmasters. New Griffin aluminum radiator (needs installed)What it basically needs to be finished is:
Rust repaired
Repair some dents in hood
New top
New paint
New interior
Engine bay wire harness purchased and installed.
All front accessories installed on engine
Fuel delivery system purchased and installed including new fuel tank
Master cylinder installed
New brake lines installed
That's about it.
I havn't got a clue what this car is worth.
Any and all opinions are welcome.

 

[shatter]

Sounds like it needs a lot of work still to be complete. I'd say the car is worth $5,000-$7,000 but then I am always known to low ball the value of vintage muscle cars. Getting the body work and paint done is going to cost the most, in California I bet you'd be looking at $5,000 to $10,000 minimum.

The issue is if the motor is still in good shape along with the transmission. Sitting still for a few years is not a good thing if the car was not prepared properly for storage.

 

[santeechris]

It's worth quite a bit actually. The engine having never been run has pro's and cons. The seals may have dried up, and the cam would most certainly be bone dry by now. But the plus is everything is there. a simple seal kit would fix it. I would take it mostly apart for new seals and lube EVERYTHING. with the engine, trany, brakes, exhaust, wheels, radiator, etc you're saving alot of cost. The fact that its an older gentleman who has had it for 30 years is a bonus as well. In reality it would probably go for 8-10,000. If the parts are good enough it could go as high as 15-20, but if they are that good its a decent deal. AND a great starting block, considering most people buy a 6 cylinder car and in the process of converting it buy everything you listed anyways.
Start the bidding low, if you have intentions to fix it and sell it don't mention this to him. Do the opposite in fact, make him believe you'll keep it forever (which i hope wouldn't be a lie). Most people of the older generation like to see and help one of the younger generation get into this hobby and will cut you a deal for that fact alone. good luck and let us know how it turns out.