Pricing Question - 1968 GT350

Re: Pricing Question

Check this out. The prices shown may even be a little high.

http://www.thecoralsnake.com/Price.HTML

The short answers are yes, vintage Shelby prices have been effected and most people agree the market is down 25-30% in the last three months.

Not having the original engine and repainting a car a non-original color do effect value.

I suggest you study up on identifying the car before making any purchase. You may need to utilize an owner or an expert before making this jump.

The value of a car you described is probably in the mid to low 60s. You should be able to buy a complete 68 GT350 in the low 70s. I would say if it's over $70k, it is over valued

 

Re: Pricing Question

Well, here is the situation. Do you want a Shelby so you can parade around for a year, then sell it? Hard to make any money on that, unless you have "the knack" for that. I've owned my Shelby 36 plus years now, and absolutely nobody has offered to me another one.

Then maybe you want to own one to drive, show, enjoy. If so, why worry about the price, if you can afford the one you have found. And, no worrying about blowing the motor, it is not original anyway. And the color? Paint it your favorite color, something you like. Besides, even though I like lime green, that is the one color often getting painted to something else.

 

Re: Pricing Question

I think the price should still be in consideration, however, roddster is right on point with this one.
No worrys if you plan on getting your "moneys worth"....no matter what you pay.

Best Regards,
Vern

 

Re: Pricing Question

In the current market it just doesn't make much sense to buy a project car.

Take the car that you describe. You can buy a nice driver 68 GT350 fastback (not original motor, some nicks and scratches) for less than $80K in the current market. I don't know much about the condition of the car you are looking at but with no motor it is probably going to cost at least $15K to get it running (new motor plus all the brake, fuel system and suspension parts). Then add any paint/body/interior needs to that and you'll find that it will probably take $30K to make a driver out of it. So if you pay more than $50K for it you are not getting a good deal AND you are going to have the hassle of making it driveable.

And yet it is almost impossible to find a project Shelby in ANY condition that sells for less than $40K.

IMO unless you can get the car for $30K or less I wouldn't buy it.

 

Re: Pricing Question

 

Re: Pricing Question

Heres a nice driver that can be had for 72....
http://cgi.ebay.com/ebaymotors/1968...oryZ6465QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
Best Regards,
Vern

 

Re: Pricing Question

The "new" generation Shelbys are starting to hit the used car market at or around 40k (in my area) I would think that would be a better investment if all you're looking for is some fun driving. Just my 2 cents.

 

Re: Pricing Question

Teke,

These are very good questions and concerns.The members here have offered you some very good food for thought.And many of us have years of hands on experience with these cars.

What do you want? An Investment,Project or just plain ole Affordable Fun?

That is where you should start first.

Become knowledgeable about the different years and models before you buy
a vintage Shelby.

What does your checkbook dictate

What is your time frame because a lot of us just can't wait to have things done and believe me if you want any quality type restoration or restomod it takes time and money and sweat labor if you enjoy doing things.This I've observed since I've been around these cars since the early Seventies.

The cars from the first generation in the Sixties were made once and will always be cherished simply because they aint makin em no more.

The cars from the second generation those built recently have 30 more years of racing research and development.They are mechanically far more superior then the first generation.And they fly like a bat outta hell.You really get your bang for your dollar.And you never know Lightning might strike twice in a bottle with these cars just like their earlier predecessors when it comes to prices.

Good luck and great topic for the group

Kenn

 

I hate it when someone says "Price does not mater if it is what you want". Price should ALWAYS mater. If he buys a Shelby for $80,000.00 just because he wants it, but it is only worth $62,000.00, he threw away $18,000.00. Then what if something happens and he has to sell it............ he can't get what he paid for it because he over paid to start with so he looses more money. A friend told me what they paid for a Car and he also said, "I don't care about the Money, I just wanted it". A year later he had to sell it and apparently he was the only one that wanted it, because it took him a long time to sell it and he lost his A$$ on it. When buying a Classic, Muscle or Collector Car/Truck, it always maters what you pay for it. Do your Home Work before Buying. Just my 2 Cents.
David.