New to the forum. I thought you folks could fill me in on some basic issues regarding a 1967 Mustang.
The car is owned by some friends. They are elderly now, but bought the car new. It is a 6 cylinder coupe and has about 30,000 on it. It was her car and has air conditioning and automatic transmission. It is gold with a black vinyl roof, and has the stock wheels and wheel covers. It has been driven once every week or so for the last 20 years for just a few miles. As you would expect, it is, to the untrained eye, in mint condition. It has never been stored outside -- always covered in their garage. They kept the car with the idea of giving to their granddaughter. Well, she doesn't want it. Kids!
They would like to sell the car, but don't really know what it is worth. The offers they've gotten (in the $5,000 range) don't motivate them to sell. While I'm no expert, I've told them that the "problem" is that it isn't a 8 cylinder, a fastback or convertible, etc. They would just as soon continue to keep it covered in their garage for the amounts they've been offered, but it is finally dawning on them that they need to do something with it as they have no heirs who are interested in it.
Anyway, a few questions:
1) What is the car worth? It is in the Kansas City, Missouri area. I know I didn't give you all the details, but some ideas as to a range would be appreciated. If there is a specific feature that I've not told you about that is critical, let me know and I'll find out.
2) Is there any point in keeping it longer? Some reason it will be worth significantly more in, say, the next 5 years?
3) Are there any modifications that would significantly raise the value? For example, would putting a non-numbers-matching V8 in make it worth more than the cost of the mod? Different wheels and tires?
Thank you in advance.
The car is owned by some friends. They are elderly now, but bought the car new. It is a 6 cylinder coupe and has about 30,000 on it. It was her car and has air conditioning and automatic transmission. It is gold with a black vinyl roof, and has the stock wheels and wheel covers. It has been driven once every week or so for the last 20 years for just a few miles. As you would expect, it is, to the untrained eye, in mint condition. It has never been stored outside -- always covered in their garage. They kept the car with the idea of giving to their granddaughter. Well, she doesn't want it. Kids!
They would like to sell the car, but don't really know what it is worth. The offers they've gotten (in the $5,000 range) don't motivate them to sell. While I'm no expert, I've told them that the "problem" is that it isn't a 8 cylinder, a fastback or convertible, etc. They would just as soon continue to keep it covered in their garage for the amounts they've been offered, but it is finally dawning on them that they need to do something with it as they have no heirs who are interested in it.
Anyway, a few questions:
1) What is the car worth? It is in the Kansas City, Missouri area. I know I didn't give you all the details, but some ideas as to a range would be appreciated. If there is a specific feature that I've not told you about that is critical, let me know and I'll find out.
2) Is there any point in keeping it longer? Some reason it will be worth significantly more in, say, the next 5 years?
3) Are there any modifications that would significantly raise the value? For example, would putting a non-numbers-matching V8 in make it worth more than the cost of the mod? Different wheels and tires?
Thank you in advance.
