Is this car really worth this much?

jbsteven

New Member

Sep 4, 2004

156

0

0

Oct 24, 2004

#1

• Oct 24, 2004

• #1

1970 428 on Ebay


Can someone give me some background on this car? Is this a pie in the sky hope that someone will pay this much for this car? What is it really worth?

 

eric n

Founding Member

Jul 14, 2001

875

2

19

Bakersfield, CA

Oct 24, 2004

#2

• Oct 24, 2004

• #2

I think they are smokin crack, but I'm hardly an expert.

 

1320stang

Founding Member

Nov 13, 1998

4,329

23

89

Edmond, Oklahoma

Oct 24, 2004

#3

• Oct 24, 2004

• #3

Well, I think they only made 2 and I think the other one was destroyed. But it's only worth what someone will pay for it, or how much you have it insured for.

 

S

Snail50

Founding Member

Mar 24, 2001

787

0

0

Miami

Oct 24, 2004

#4

• Oct 24, 2004

• #4

eric n said:

I think they are smokin crack, but I'm hardly an expert.

Click to expand...

my thoughts perzactly. But then again my interest in classic Mustangs is limited to years 65-68, so I've never taken the time to learn about other years. Maybe the car is something special, but I wouldn't know or care, nor would I buy it even if I had the $. If he can get that kind of coin, more power to him.

 

1320stang

Founding Member

Nov 13, 1998

4,329

23

89

Edmond, Oklahoma

Oct 24, 2004

#5

• Oct 24, 2004

• #5

Actually, I think it may be a 1 of 1 car, I found this post by a guy on the FordFE.com website when the car was up for auction back in Feb.

the white car would be my first choice! the car is incredible. if you have not seen it in person you can not understand this car. it is a 1 of 1 car that has probably been featured in more magazines than any other mustang. this is a case where rare is desireable and to the restoration crowd like me this is a holy grail car. the people who did the restoration made sure that this car is as it was delivered in 1970. i would estimate that the car is one of the best restored musclecars in the world and definitely near the best ford restoration ever performed. the price of the car has a lot to do with the expense of restoring it which i heard was over 80K. NOS parts that you and i would laugh at the price of were a must have on this car and more choice CJ NOS parts went into it than will ever be able to go into any other car.

 

S

Snail50

Founding Member

Mar 24, 2001

787

0

0

Miami

Oct 24, 2004

#6

• Oct 24, 2004

• #6

there you have it.

I'd buy the car, pull the engine & put it in my 67, then part it out the rest of the '70. But then again I'm just irreverent. LOL.

 

Hack

15 Year Member

Mar 23, 2004

1,945

13

69

Minneapolis

Oct 24, 2004

#7

• Oct 24, 2004

• #7

I personally would never buy a car that I couldn't drive or modify.

If it's just to look at, I'd buy a painting or sculpture.

If it's for investment - I think the stock market is a better deal.

I guess it takes all kinds.

 

pabear89

Active Member

Apr 15, 2003

2,126

0

46

High in the Hills of So Ca with the Voices in My H

Oct 24, 2004

#8

• Oct 24, 2004

• #8

He's Been trying to sell that Coupe for over a year now.
That pipe dream should have worn off by Now.

I'd rather have 2 Shelbys for that price.

 

J

jmlay71

20+ Year Stangneter

Jul 16, 2003

67

1

9

Oct 24, 2004

#9

• Oct 24, 2004

• #9

I have never seen this care personally, but I do know the gur that restored it. I have seen pictures during the restoration. It is all origional sheet metal but not from the same car...

Mike

 

Rent-A-Racer

New Member

Jan 5, 2004

187

0

0

Oct 24, 2004

#10

• Oct 24, 2004

• #10

IMHO, rare means nothing without style. Something that this car lacks. (Just never been interested in the 70's + coupes.)
I agree with pabear, gimmie a Shelby any day of the week!!

 

M

mackey

Active Member

Jan 25, 2003

1,284

1

38

Beverly, Massachusetts

Oct 24, 2004

#11

• Oct 24, 2004

• #11

It really is worth that much money.

 

FrdMustangCpe

New Member

May 27, 2004

493

0

0

Sin City, NV

Oct 24, 2004

#12

• Oct 24, 2004

• #12

SCJ = Very rare. IDK about 125k rare. but very rare indeed (i said rare alot didnt i)

 

J

jmlay71

20+ Year Stangneter

Jul 16, 2003

67

1

9

Oct 24, 2004

#13

• Oct 24, 2004

• #13

Here is another:

http://www.428cobrajet.org/forum/viewtopic.php?t=278

 

marcus95

Active Member

Jan 26, 2004

2,133

0

46

California

Oct 24, 2004

#14

• Oct 24, 2004

• #14

Rent-A-Racer said:

IMHO, rare means nothing without style. Something that this car lacks. (Just never been interested in the 70's + coupes.)
I agree with pabear, gimmie a Shelby any day of the week!!

Click to expand...

Amen to that. I too would rather have a perfect 65-66 GT350 and a fixer Shelby to restore to boot for that price but you know it all comes down to for each their own.
Fortunately, there are enough generations of Mustangs to go around for almost everyone's taste.
You know there is a guy (or gal ) out there that had a 70+ Mustang as their first car and loves that particular body style, and now they tow around a Brinks truck with them for all of their internet IPO money and someone will buy it for sure. That is why America is such a great place.

 

D

D.Hearne

New Member

Sep 29, 2000

11,730

6

0

south louisiana

Oct 25, 2004

#15

• Oct 25, 2004

• #15

eric n said:

I think they are smokin crack, but I'm hardly an expert.

Click to expand...

I second the Crack motion , it may be a 1 of 1 car, but ain't hardly worth 125 grand in my opinion. If you want the true value, he needs to just relist the car on ebay and see just how high ( or not) it goes. To many better cars for much less out there. Damn, you could have an aluminum bodied Cobra kit car built with an all aluminum 427 in it for less.

 

Max Power

Active Member

Jul 31, 2003

1,774

1

36

St Paul

Oct 25, 2004

#16

• Oct 25, 2004

• #16

If he wants that kind of money, he should run it through Barrett-Jackson. That's the only place that this kind of deal will get done.

Personally, I like the body style and the car overall. Of course, my first mustang 25 years ago was a 1970 Grande coupe.

If this car was a low mileage all original, with todays market you might justify the price. Boss 429s are going for that money now.

But this being a restored car, or over-restored car, I don't think it is worth it. Anybody ever see white floor pans on a Mustang before? I sure haven't.

 

1320stang

Founding Member

Nov 13, 1998

4,329

23

89

Edmond, Oklahoma

Oct 25, 2004

#17

• Oct 25, 2004

• #17

I agree David, he ought to put his 125k reserve on it and start it at .01 just to see how high it would get.

 

B

bnickel

Founding Member

Aug 21, 2002

5,640

3

77

lubbock, texas

Oct 25, 2004

#18

• Oct 25, 2004

• #18

personally i think it is worth every penny of what they are asking for it, course if i ahd that kind of money, i would use the car for it's intended purpose, stealing peoples hard earned cash

 

MustangPaul

Founding Member

Jun 20, 2002

514

0

0

South East Louisiana

Oct 25, 2004

#19

• Oct 25, 2004

• #19

If you put a reserve on it, your ebay fees are more, no?

Still, overpriced or not, it is one hell of a clean car.

 

69Rcode_Mach1

Active Member

Apr 20, 2004

1,473

1

37

Salt Lake City, Utah

Oct 25, 2004

#20

• Oct 25, 2004

• #20

It depends on who you are. That is the value of the car. Only 9 coupes were made with the 428 Cobra Jet motors(maybe thats for 69 not 70, not sure) and this is also a drag pack option. Very, very, very rare option even on mach 1's and such. Most that had it had the 3.91 traction lock but this one has the extremely rare 4.30 traction lock other options the car has also comes into play. Actually that yellow 69 is 1 of 9 ever built, its been in magazines and is a truly rare find. Im sure the 70's are much rarer though given it was the lowest production year of mustangs. But in an essence it all comes down to who is willing to pay for it. It may be worth that much but not many people have that much money for a 1:1 scale model to put in their garage. If I had the money id buy it. But im just an addict to the 69-70 era.