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When looking for a 67 GT350 - what to watch out for, price estimates and such

Discussion in '1965-1970 Shelby Mustang GT350 & GT500' started by SFM6S006, Oct 25, 2007.

  1. Oct 25, 2007 #1
    SFM6S006

    SFM6S006 Well-Known Member

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    I´m like most of us car guys always searching for the next nice car to park in the garage :D

    Next on my list is a 1967 Shelby GT350! Not necessarily something I just MUST buy by the end of this week, but my experience tells me that suddenly when most unexpected, the opportunity comes along and then I want to be ready to grab it.

    I admire concour cars, but as I want to be able to drive and enjoy them, as well as also not having unlimited funds, I usually fall for the really nice driver cars that has led a fairly good life not being damaged too much by rust, rodding or accidents. If the car is strong solid and well documented, then I can live with non matching engines, subtle modificatins and such.

    Even though I have tried to follow the Shelby sales the past years for some reason I can´t really figure out what GT350´s should cost.

    Maybe you could help me with our input on what to look for, what to avoid and what you believe current pricings are.

    Thanks
    Anders
     
    SFM6S006, Oct 25, 2007
    SFM6S006, Oct 25, 2007
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  2. Oct 25, 2007 #2
    roddster

    roddster Well-Known Member

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    Restorable but well worn cars with missing parts are about $50,000, often more.
    Complete, drivable, modified, or stock but needing work fall around $90,000
    Very nice drivers, and tastefully modified cars: $125,000 or so.
    Concours correct, proven winners with great documentation: north of $150,000....or more.
     
    roddster, Oct 25, 2007
    roddster, Oct 25, 2007
    #2
  3. Oct 25, 2007 #3
    Shelby~gt350#3000

    Shelby~gt350#3000 Well-Known Member

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    Shelby~gt350#3000, Oct 25, 2007
    Shelby~gt350#3000, Oct 25, 2007
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  4. Oct 26, 2007 #4
    dancin

    dancin Active Member

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    I agree with Roddster's pricing suggestions. I would add that you are generally ahead to buy something restored - buy the nicest car you can find for the money. It means you may end up looking at a large number of cars before you buy, but prices have stabilized for now allowing one more time to look for a car without prices climbing significantly. Good luck.

    Dan
     
    dancin, Oct 26, 2007
    dancin, Oct 26, 2007
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  5. Oct 26, 2007 #5
    firestanggt

    firestanggt Well-Known Member

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    That is crazy. Especially with the way the market is now.
    I paid $5k for mine in 1999. Granted it needed a full resto and is has a non matching numbers drive train, but it will still make a very nice driver.
     
    firestanggt, Oct 26, 2007
    firestanggt, Oct 26, 2007
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  6. Oct 26, 2007 #6
    SFM6S006

    SFM6S006 Well-Known Member

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    Exactly what I thought. To me it looks like the market for selling high dollar cars is pretty slow right now.

    I know of a guy here trying to sell a 1970 Boss 429, apparently fully documented and complete but not fully assembled, and he has been trying to sell that car for a year now but nothing really happens. I have made him an offer of Dkk 675.000 which is about 110-115K USD but he still thinks it should cost much more.

    I would have thought that the right price at the moment for a nice unmolested driver quality 67 GT350 is around 65-85K.

    Do these cars really change hands at higher prices at the moment.

    Most Ebay auctions seem to have very high reserves and very high bids, but these bids "mysteriously" never pass the set reserve price :rolleyes:

    Anders
     
    SFM6S006, Oct 26, 2007
    SFM6S006, Oct 26, 2007
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  7. Oct 26, 2007 #7
    Shelby~gt350#3000

    Shelby~gt350#3000 Well-Known Member

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    I've never seen a "UNMOLESTED DRIVER" 67 Shelby sell for that in the past couple years. I was shopping for a Shelby for 3 years until finally finding the one I could afford and had everything I wanted. But you never know, I'm sure there is one out there for you waiting to be found.

    This looked like a interesting find and it looks complete. Seems to have a lot of rust but I'd say shes got a lot of potential.....

    http://www.shelbymustang.com/photo.php?directory=cars/new_inventory/1967_bronze_gt350/&&image=

    No price though:blink:

    Jim
     
    Shelby~gt350#3000, Oct 26, 2007
    Shelby~gt350#3000, Oct 26, 2007
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  8. Oct 27, 2007 #8
    SFM6S006

    SFM6S006 Well-Known Member

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    Thank you.

    I´m fully aware that most Shelby prices are much higher, but do they actually sell? I´d hate to buy at advertised price when everybody else is passing on these cars because they know the prices are too high.

    Where I come from, cars changing hands between private parties are often done at lover prices than if you buy at a dealership/restoration shop. I would guess that it is similar in the US?

    How would you compare the 67 GT350 prices against the 66GT350 prices?

    Have a nice weekend.
    Anders
     
    SFM6S006, Oct 27, 2007
    SFM6S006, Oct 27, 2007
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  9. Oct 28, 2007 #9
    shelby Guy

    shelby Guy Well-Known Member

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    Hi Anders , The 66 and especially the 65 cars are the hot ticket at the moment !! but its a personal choice i guess !
    THX, John
     
    shelby Guy, Oct 28, 2007
    shelby Guy, Oct 28, 2007
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  10. Nov 1, 2007 #10
    67200F5A02206

    67200F5A02206 Well-Known Member

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    IMO a nice driver Shelby that has lead a fairly unmolested life (not cut in half, no missing VIN numbers, 90% of its original unibody) with no immediate needs would sell in the $80-90K range. Original drive train (or not) would have a big influence on the price.

    These are cars which Joe Public would consider to be "show cars" but are really not nearly that good.

    My GT350 fits the above description. It has a 15 year old paint job that has issues but is still shiny. One floor pan and the cowl have been replaced but the rest of the unibody is there. Currently has a 347/5-speed but I have the original motor/transmission. A year ago IMO it was a $100K car but now I figure it's more like $80-90K.

    IMO buying a project car right now is a bad deal. People are still paying a lot of money for them (unusual to find one that sells for less than $40K, even the bad ones) and you just can't take a basket case that is missing some critical pieces and get it to a nice driver for $20-30K. It's just not happening. Hold out for a complete, drivable car with no stories.
     
    67200F5A02206, Nov 1, 2007
    67200F5A02206, Nov 1, 2007
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  11. Feb 23, 2008 #11
    rcgt350

    rcgt350 Well-Known Member

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    Does anyone know what the shelby vin was on the Bronze 67 Gt350 that Tango Classics had or has? Randy
     
    rcgt350, Feb 23, 2008
    rcgt350, Feb 23, 2008
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  12. Feb 29, 2008 #12
    Lightning Ralph

    Lightning Ralph Member

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    There was a real nice dark green '68 GT350 Convertible 302/250 hp. @ Barrett Jackson 4-speed & factory A/C car that Sold for $140,000....

    I think a '67 Fastback 289/306 hp. car should bring the same kind of money in simular condition.
     
    Lightning Ralph, Feb 29, 2008
    Lightning Ralph, Feb 29, 2008
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