Fox Body= Classic

mustangfan1990 · Mar 31, 2008

A friend told me once a car hits 20 years it is considered a classic and the value shoots way up from what they use to be worth. I know right now I think my 90 gt is worth 2800 or something like that. I mean I know that is in stock form. I know I could sell it for more with it being a SC 5.0 but I want the blue book value up so if I ever want to sell I will get my money back for what I have in it. If I sold it now I wouldnt even get close the money I got it in. Plus considering I have done EVERYTHING that is modified on that car myself....so I would be getting paid for my labor......just talking though I would never sell my car as I love it toooooo much. That mustang will have my name on the title till god brings me home then my son gets it.Anyway I was wondering is this true and does anyone know what the value goes to once it hits 20 years old?

black87ttop · Mar 31, 2008

The value of the car will not magically change once it hit 20 years old. The car is only worth what the market value is at the time. Its not gonna go down in price thats for sure, but just because it hits that 20 year mark, doesnt mean it will be worht more money, ITs worth money because people pay for nice cars and cars that arent easy to come by, 5.0's are a dime a dozen in some areas and in reg beater shape can fetch about 1500 to 2500, anything above 2500 and the car condition starts to get slowly better. But in some places guys are paying 4, to 5 grand for ragged out beaters.

85_SS_302_Coupe · Mar 31, 2008

I've always said worth is only as much as someone is willing to pay. To me my coupe is worth a solid $5k since that's what i have invested, but it'd be a miracle to get that out of it. My buddy is always buying cars and fixing them and selling them and he's always asking me to look up blue book for him, and i keep telling him that it's irrelevant because something might be worth $4k but if nobody has it to spend then you won't sell it.

A good example...here's my Merkur:

I would consider it to be in excellent condition. Blue Book is around $2500, i paid $550. It's also officially a "classic" if 20 years makes it a classic...since it's an '88 it's 20 years old this year.

25thmustang · Mar 31, 2008

If you think your getting your money and labor back when you sell it your smoking something good.

You don't buy and modify fox bodies to try and get your money back. A $3500 SC will add about $0 to the value of the car. Your hours of labor will also add $0 to the car.

Thats just how it is.

mustangfan1990 · Mar 31, 2008

25thmustang said:
If you think your getting your money and labor back when you sell it your smoking something good.

You don't buy and modify fox bodies to try and get your money back. A $3500 SC will add about $0 to the value of the car. Your hours of labor will also add $0 to the car.

Thats just how it is.

So you are telling me that a SC 5.0 doesnt sell for more than a NA 5.0

ryan218 · Mar 31, 2008

mustangfan1990 said:
So you are telling me that a SC 5.0 doesnt sell for more than a NA 5.0

there was a 90 GT that had a rebuilt 306 with a s trim sell for 3,800 on craigs list last month...a 100% stock 93 LX sold for close to 5k...so ya... 100% stock will go for the most no matter what.

mustangfan1990 · Mar 31, 2008

ryan218 said:
there was a 90 GT that had a rebuilt 306 with a s trim sell for 3,800 on craigs list last month...a 100% stock 93 LX sold for close to 5k...so ya... 100% stock will go for the most no matter what.

You have alot of factors to include in that....craiglist there is always someone selling stuff cheaper.I wouldnt buy a stock car for 5K over a SC for 3800 that is stupid

nvr2low · Mar 31, 2008

mustangfan1990 said:
You have alot of factors to include in that....craiglist there is always someone selling stuff cheaper.I wouldnt buy a stock car for 5K over a SC for 3800 that is stupid

its smart depending on what you want. there is a good chance that a car with a super charger has been driven hard, where a stock LX may not have been. it depends on the individual car, but i would pay a little more to have an unmolested stocker and a 100K+ sc'd car.

skunk21 · Mar 31, 2008

you can chuck the book value out the window on an older car. a low mileage mint stock 90 gt will fetch over $8,000 easy. when it comes to an older cars value it's going to go by what the market states not bv. If your sc5.0. is in nice shape it is going to compete against other 90-93 gt's with the same type of mods. lets say there is group of mustangs like yours going for between 4-6grand and you want 8 chances are you wont sell. It's now market driven with our cars vs BV.

25thmustang · Mar 31, 2008

Two cars the same one SCed and one NA they should be priced the same. The SC like stated before really only means it has more abuse on it than the NA car.

5.0Droptop · Mar 31, 2008

yeah!

stykthyn · Mar 31, 2008

in that case the best bet would be to return the vehicle to stock condition sell it as a stock car and then sell all the goodies by themselves to try and get the most money out of them.

performance parts on a car add zero value.
parts in a box on ebay = cash in pocket

cliff88145 · Mar 31, 2008

25thmustang: That's the reasons that I didn't buy a modified car. I maybe payed more for my car because it was 100% stock straight down to the air silencer

5.0Droptop · Mar 31, 2008

stykthyn said:
parts in a box on ebay = cash in pocket

Alot of truth to that! Many times You can make more money parting out a fox than selling it as a whole.

onebad93lx lives near me and he has proven this is true many times.

5.0Droptop · Mar 31, 2008

The car is worth what you can get someone to pay.

Some people see eye candy and money is no object so they will pay top $.........these are the ones I like to sell to.

Hissing Cobra · Mar 31, 2008

My fox is 29 years old and is still not considered a classic. Maybe they never will be considered classics, who knows? I remember back in 1985 and at that time, the '65 Mustangs, '65 Corvettes, and '65 GTO's were all considered classics at 20 years old.

Our cars are different. Many are still considered "modern" even though most are not. Maybe it's the appearance, as none of them have what I consider to be "classic" body lines or "classic" body design. There's little to no chrome, plastic headlamps, plastic emblems, boxy look, etc...etc...etc... Also, FORD produced hundreds of thousands of these cars. There really wasn't a low production model unless you're counting the limited edition models such as the Pace Cars, Cobra's, GT-350's, 7-UP's, '92 Limited Editions (Red, Yellow, White).

Don't worry about getting your money back. Enjoy what you have and take care of it. Building cars to make a profit or even break even is NOT the way to make money. Also, keeping a car in stock, mint condition and never driving it is not a way to make money either. I see many mint, low mileage, original cars selling for $8,000 - $12,000. When you consider how old the car is and what it cost when it was new, the amount of money that is to be gained is a mere pittance compared to what you would have if you invested it correctly.

Turkey Sammich · Mar 31, 2008

To whom it may concern IMO,

I assume it really has to do with the condition the car is in, be it stock form or h/c/i, s/c, turbo, etc. I've NEVER in my area seen a stock 5.0 go for 8 G's. A stock 5.0 in my area goes for $2500-$6000. The only time I've seen a stock 5.0 go above that is when it has been sitting in someone's garage for years, NEVER driven in rain, has overwhelmingly low miles, and still has that new car smell. The prices I’ve thrown out might also have to do with the gas prices going up. I’ve noticed a lot more Mustang’s being put out for sale every time a substantial increase of gas occurs.

Most S/C 5.0 are going to also have a H/C/I so it’s going to be listed at a higher price than stock. It won’t be the full price of what was paid for the H/C/I + S/C + Labor Cost, but I’ll see at least $5500 or more for a S/C 5.0.

Sincerely,
Turkey Sammich

PS: As far as a classic, I'd wait another 10 years or so to define it as a "Classic"

blueblazes · Mar 31, 2008

bone stock unmolested cars always pull more because the value is there. You can watch barret jackson auctions where modified classics sell for less than the bone stock original parts versions go for.

BUF92GT · Apr 3, 2008

You will not make money on these cars - its just pretty plain and simple that way. I picked up my 92 GT Hatch for $2,200 - put $1,500 in body work and fresh paint right away, and just spent $1,500 in parts to start my interior mod. In my area I may be able to get $5k for it to the right person but my intention is to make it what I want. You shouldn't put money into these with the intention of getting all or more back. IT AIN"T GONNA HAPPEN - Sorry.

Mustang5L5 · Apr 3, 2008

mustangfan1990 said:
So you are telling me that a SC 5.0 doesnt sell for more than a NA 5.0

Yes

I'd pay more money for a CLEAN stock 5.0 than a modified one that hasn't been put together properly and needs some cleaning up.

Oh and typically to be considered a classic, the car needs to be 25 years old. That's the criteria for Classic/Antique plates in most states. Here in MA it's 25 years to legally be considered a classic.

Fox Body= Classic

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