Opinions On 90 Lx Convertible

[MickSidiro]

Hi everyone, just joined this forum in search of your wisdom and to contribute from my experience as I can.

I have a 1990 "7-up" Mustang Convertible, with about 130,000miles, 5 speed, mint interior and excellent exterior. All original expect for an MSD ignition. recent maintenance on bushings. I bought it from the original owner.

I've been hounded by a couple local enthusiasts to sell my car and I'm seriously looking at it.
Prices locally are in the $6,000-$12,000 range based on condition and mileage.

If any enthusiasts on the forum can comment on my info above and share if these cars are really something to keep longer term. I thoroughly enjoy driving it on weekends but realize there will come a time to sell.

Thanks for any feedback!

 

[Mustang5L5]

Foxes are enjoying a bit of a surge right now, so the demand is high, while inventory keeps dropping as cars get crashed, parted out, stolen, gutted, etc etc.

Nobody can product the future. Another 2008 type crash could take your average $10K fox and turn it into a $4-5k fox just like that. So because of that, it's really tough to say your car might be worth $20K in 5-10 years?

Gotta keep in mind, coyote Mustangs are hot right now too. As they get older and prices drop, they become a stronger option as well. So if coyote prices drop down to $10K or so, really hard to justify buying a 40 year old Fox , or a newer 5.0 with so much more advanced tech.

 

[90sickfox]

I think there will always be a demand for fox mustangs. The average guy isn't going to tear into a coyote engine and have it back together in a weekend. Low tech is good for a project car.

That car has a decent following so prices will go up. Now, price in relation to cost of living is another story. In the 70s 7k was a lot for a brand new car...now you can't get one for that price. When minimum wage hits 15 bucks...the price of cars will reflect it, eventually.

 

[MickSidiro]

Great feedback, thanks!
Yes, agreed with both your points above.

I just look at it from a mileage perspective. even though I only put on 2,000 miles per year it will still climb.
At some point I do want to get most of my money out, as a best case scenario. If I'm selling a car with 200,000 miles regardless of its collectability / condition value takes a hit, I would think...

 

[Mustang5L5]

I would have to agree. A rare car with 200k miles still is a 200k mile car. There will be a hit in value for sure

 

[Davedacarpainter]

Keep the fox if you like foxes.

If someone is offering you a hefty sum compared to what you've put in it, it'll be hard to beat for a long time.

Like I said, if you like foxes......