what would you say this is worth?

3

351 82GT

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Mar 19, 2002

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Oct 25, 2011

#1

• Oct 25, 2011

• #1

1988 mustang GT, 5 speed (all stock) with 130k miles. Here is what's wrong with it:

wrecked front end (needs both fenders, hood, whole front nose clip) frame is not bent or rusted.

Second gear syncro needs replaced
No heater and fuel gauge does not work
Interior is fair condition
Tires need replaced


The engine still runs strong and does not smoke and brakes were just replaced all the way around.

If you were someone looking to buy a 5.0 to fix up and not worried about the front end damage, what would be your fair offer? Be honest and reasonable please.

 

Maryland Stang

Active Member

Aug 21, 2002

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Greenville, NC

Oct 25, 2011

#2

• Oct 25, 2011

• #2

Honest and reasonable is a few hundred dollars at the most. Let's be honest. You're buying a 23 year old car that's pretty beat with well over 100,000 miles on it. It's only redeeming quality is the engine isn't blown up and it has decent brakes.

 

wythors

Get off my lawn!!!

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May 17, 2000

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C Addle

Oct 25, 2011

#3

• Oct 25, 2011

• #3

Agreed. $250 absolute max as a parts car. You can buy a nice car with a blown up engine for $500, drop a new bullet in it and be on your way for under a grand. That car will need body, paint, a transmission/rebuild, plus all the other crap, before it's going to be worth anything.

 

3

351 82GT

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Mar 19, 2002

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Oct 25, 2011

#4

• Oct 25, 2011

• #4

Wow..$250...that's it? I don't know about where you guys are from but around here you can probably get $500 for it if you took it to a recycle/scrap yard. The reason I asked this question was because I actually sold this car for $800 and my lowest offer was $600. I guess I made out on the deal then..lol

If I sold just the trans/motor and rearend I could get at least $700

Engine...$300
Rear......$275/300
Trans.....$150

 

stykthyn

I want to measure mine. It doesn't look that tall.

15 Year Member

Jul 6, 2006

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gainesville

Oct 25, 2011

#5

• Oct 25, 2011

• #5

glad you made a profit, but yeah. i wouldnt pay a dime over 250 for a car in that shape and that would only be if I needed a donor car for a 5.0 swap.

 

wythors

Get off my lawn!!!

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May 17, 2000

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Oct 25, 2011

#6

• Oct 25, 2011

• #6

In this neck of the woods, those parts would bring:

Tired 5.0 = $2-300
Tired 8.8 with stock gears = $75
Tire T-5 with bad synchos = $75-100

I currently have the opportunity to buy a 200,000 mile 94 GT. Body is decent. Rough interior. Bad trans. The yard has offered him $400. He will sell it to me for $500. I just don't see the value in it.

 

3

351 82GT

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Oct 26, 2011

#7

• Oct 26, 2011

• #7

wythors said:

In this neck of the woods, those parts would bring:

Tired 5.0 = $2-300
Tired 8.8 with stock gears = $75
Tire T-5 with bad synchos = $75-100

I currently have the opportunity to buy a 200,000 mile 94 GT. Body is decent. Rough interior. Bad trans. The yard has offered him $400. He will sell it to me for $500. I just don't see the value in it.

Click to expand...

Around here, you won't touch an 8.8 for less than $250 or a T-5 for less than $150(bad syncos or not). When I was looking fo ran 8.8 for my '82 I couldn't find one for less than $275 and that was stock gears with worn clutch packs. It's harder to find older 5.0 parts because the junk yards are not keeping them around as long. They are sending them to the crusher a lot sooner. That's not just mustangs, it's all the older cars.

 

wythors

Get off my lawn!!!

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May 17, 2000

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C Addle

Oct 26, 2011

#8

• Oct 26, 2011

• #8

In Washington the cars don't rust, since we have such mild winters. There's always old stuff on Craigslist to be found cheap.