NextGen Classics
Floor sweeper
Damage doesn’t look bad. If it’s a good price I would jump on it. If you need any help,give me a call. I have done a few of these.
I'm in agreement with you about the Eleanor's. Although our good taste may not reflect where the market is at.I’ve got three old Mustangs myself, one of which is a 69 drag pack Mach 428 SCJ in the restoration queue.
A salvage title won’t hurt the value because all of these cars are rebuilt.
While my drag pack car is a 6 figure car (or capable of) I do not see a lot of 68 fastbacks as 6 figure cars…maybe $50k.
If you have to put a $17k driveline in it it seems difficult to pencil out how you’ll turn a decent profit on it by the time you do up everything else…especially with today’s prices.
Please don’t make it an Eleanor unless you like dealing with the car buyer’s equivalent of frat boys.
Yes I am a a Mustang purist and snob.
Could you expand on that? Years ago I worked in it, buying, repairing and selling late model salvage. It mot certainly affected the purchase and resale price of those cars.Salvage title has no bearing on price before or after rebuild
If you’re using BJ as your baseline I think you’re basing it more on the exceptions than the rules. BJ is accounting for only a tiny fraction of all the fastback Mustangs sold.I'm in agreement with you about the Eleanor's. Although our good taste may not reflect where the market is at.
Looking at the BJ archives I think it would bring low 6 figures if done correctly. Probably around 150K? I wouldn't consider doing this if the car would only being 50K. Just trying to figure out a way to make some money.
Could you expand on that? Years ago I worked in it, buying, repairing and selling late model salvage. It mot certainly affected the purchase and resale price of those cars.
If I did it I would sell it a one of the auction houses like BJ. So yes that would be my baseline. It would be done to a very high level. Only online auction I would think of using would be bringatrailer. That's my thinking anyways. Other folks are doing it and making money, why not me? I could be wrong though. Wouldn't be the first time.If you’re using BJ as your baseline I think you’re basing it more on the exceptions than the rules. BJ is accounting for only a tiny fraction of all the fastback Mustangs sold.
There is a good sized market for these cars. High rollers on BAT and Barrett Jackson etc. You have to know the market and what brings money and what doesn’t. A couple of seemingly small bad choices can really hurt the market appeal. I’ve been building pro-touring and restomod cars for 16 years and still would never attempt it. As I said I make more money with less risk building for others. I also don’t have to tie up six figures before I can realize a profit.i am far from a pro on this subject and know nothing about selling or the value of old cars BUT it seems to me that all restorations if done correct with a high level of detail then it seems to me you will always have more in it than its worth unless its some kind of rare low #'s model that is worth a ton of money. even of you pull a little profit it seems like a hard way to make a buck. the small handful of cars i have done i have always told the customer the car better have sentimental value or its your childhood dream or something because you will have way more in it than its worth. its alot of hours. you could prob make more per hr working at mcdonalds. dont know, maybe i am way off here or have no idea the market right now. it has been prob 10 years since i touched a car.
More power to you if you can swing it. If you're able to absorb $80-100k initial cost of build and thousands of hrs until auction then go for it.If I did it I would sell it a one of the auction houses like BJ. So yes that would be my baseline. It would be done to a very high level. Only online auction I would think of using would be bringatrailer. That's my thinking anyways. Other folks are doing it and making money, why not me? I could be wrong though. Wouldn't be the first time.
Buy it. Strip it to shell. Get it in epoxy and then trailer it biggest car shows in your area this spring/summer.Thank you all Gents. Lot to think about. Don I do like your idea.
Chris, once you get a job or two done and people begin to see what you produce, the work will come in.Thanks guys lot of good advice. I'm probably guilty of dreaming a little. Thought was to set it aside and use the proceeds from the sale of a car I have now and do it in the future. Knowing myself things would not go according to plan. I've always been the one to do things the hard way, but just trying to figure some way to make a living. Hard enough to get any business, have one job now but nothing after that. Gotta trust in the Lord but that's hard to do sometimes.
Still would like to get the car if I can swing it.