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Username Post: Values, ....... Where did the 3k cars go ??        (Topic#341745)
stingray caretaker 
Contributor
Posts: 395

Loc: Midwest
Reg: 11-19-12
01-07-17 09:26 AM - Post#2669825    

I am some what amazed at the spiraling prices asked for early 60s full size cars. One has to be extremely lucky to find a near rust free example in the desired body configuration of choice at a realistic
value. Parts are also crazy as the " original hunters " scramble to duplicate factory pristine examples. I love the complete rusted out never before considered convertibles making the come back. Still the amazing weld new panels to corroded existing metal has me in awe. Never would I believe these examples would top the 50k range. Of course the asking and selling are somewhat negotiated. From what I thought I over paid is probably considered a steal. The interest in this vintage seems to be catching on at an alarming rate. I only wanted one but it seems I should have a scan on the horizon for one to place in the storage room. The current rate of interest at the bank is still hovering slightly above zero.



 
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gofastwclass 
Contributor
Posts: 851

Loc: In the garage
Reg: 08-19-14
01-07-17 01:44 PM - Post#2669867    
    In response to stingray caretaker

Current vehicle prices are absolutely insane. It doesn't matter if it's a 2 door hard top, convertible, four door or wagon. If the vehicle in question is around 1972 or older it's almost gold.

The market has become saturated with too many TV restoration jockeys and their fickle fans thinking every running car is a five or six figure vehicle. Even worse are the shows where they try to "flip" stuff for a profit with exaggerated prices and drama for the TV audience. Not helping the cause are auction houses like Mecum and Barrett Jackson where people with too much money and not enough willpower or brains get excited and empty their bank account, 401K and trade their stocks on vehicles they've never even sat in.

Being a guy who has spent almost as much time working on all sorts of vehicles as he has in them driving - I have opinions about a lot of this. The stuff I've seen with multiple visits to Mecum (only big auction I've attended as a buyer) was rarely worth the final asking price - without buyers fees.

Having said this, I fully understand most people - including those on this board can't build what I build from scratch. Nor do they want to if they had the tools or time. I respect those people and I'm friends with a lot of them. My problem is when people get ripped off because they allow their emotions to take over the car buying process and don't know or understand what they are looking at.

1961 Impala mild custom build

I build my own stuff...


 
space66 
Contributor
Posts: 595
space66
Loc: montreal
Reg: 06-01-16
01-07-17 01:45 PM - Post#2669868    
    In response to stingray caretaker

from what i can see, a $1000-$10000 range car will still cost you ~ 30k to restore it, and it won't be a concourse resto. so buying one ~20k-30k will save you a bunch of time and money that labor is usually not calculated vs a garage resto cost.

1966 impala convertible 283*pg-396*th350


 
stingray caretaker 
Contributor
Posts: 395

Loc: Midwest
Reg: 11-19-12
01-07-17 03:15 PM - Post#2669888    
    In response to space66

  • space66 Said:
from what i can see, a $1000-$10000 range car will still cost you ~ 30k to restore it, and it won't be a concourse resto. so buying one ~20k-30k will save you a bunch of time and money that labor is usually not calculated vs a garage resto cost.



20-30k for a mom & pop car new at 3k with 100,000 plus miles in huge production numbers, probably not road worthy is the definition of insanity. Seems like old is gold. Yes I like them because I had one back in the 60s. That doesn't mean I would throw my retirement at a patched up example. Like Clint says, " a man's got to know his limits ".



 
paintman 
"5th Year" Silver Supporting Member
Posts: 564
paintman
Loc: Smoky Mts., Tenn.
Reg: 02-27-12
01-07-17 03:55 PM - Post#2669891    
    In response to stingray caretaker

I retired in 2010 and my goal has been to restore one car a year. I am right on track as I am currently finishing my 7th vehicle. Usually at this stage I have my next restoration candidate waiting next door in the garage. This is the first time I do not have a project in waiting. It is getting extremely difficult to get a nice original car to start with.

My two last Impalas (62 Convertible and 64 SS Coupe) came from California and were both fairly easy restorations. That's where I am currently looking for something to purchase and ship back to Tennessee.

But, I do agree with ya'll that it is getting more and more difficult.

Rich



1962 Chevy Impala Convertible 283 Auto
1964 Impala SS Coupe 327 250 Auto
2010 Mustang GT Convertible 5 speed


 
gofastwclass 
Contributor
Posts: 851

Loc: In the garage
Reg: 08-19-14
01-07-17 03:56 PM - Post#2669892    
    In response to space66

My complaint is the guy selling a rusted hunk of metal and a title for $15K. That is a PROJECT, not a car. I've seen a few CL and fleabay ads for such car projects. I'm not talking about something that runs or drives or could in a weekend's hard work, I'm talking about a full restoration project.

Saying "patched up example" is a really vague thing, stingray caretaker. In my opinion any driven 50+ year old vehicle will need some repair. Likely that repair will be rust or dent and engine repair. Properly done body work, isn't "patched up" and can actually be as good if not better than factory. If the work is like my car had when I bought it, THAT is hacked, patched up and lots of bondo.

1961 Impala mild custom build

I build my own stuff...


 
Aussie_Chevy_Nut 
"3rd Year" Silver Supporting Member
Posts: 477
Aussie_Chevy_Nut
Loc: Australia
Reg: 11-26-02
01-07-17 03:57 PM - Post#2669893    
    In response to stingray caretaker

Unless of course you're "feeling lucky punk!"



 
Tri5man 
Valued Contributor
Posts: 3383
Tri5man
Loc: Possums Crotch, KY
Reg: 06-26-07
01-07-17 04:08 PM - Post#2669896    
    In response to Aussie_Chevy_Nut

space66 has got it right. You couldn't do a half way restoration for 30K.

Gary



 
61ohboy 
"2nd Year" Silver Supporting Member
Posts: 96
61ohboy
Loc: Tennessee
Reg: 04-12-14
01-07-17 05:22 PM - Post#2669916    
    In response to Tri5man

Well....I'm starting to sorta feel a little bit better about being so upside down with my 4dr '61 after reading the replies. I heard someone say "I didn't pay too much, I just bought too early"! Maybe the clock is speeding up and one day this ole car of mine might upright itself!
I agree, the prices I see looking are going up and up. I'd never buy to restore myself, can't do it and I admire those who can. I just want to drive and do minor part swapping when necessary. That's the extent of my skills But I do appreciate them!



 
junky 
Frequent Contributor
Posts: 2110

Loc: Northeast CT
Reg: 06-27-10
01-07-17 08:12 PM - Post#2669979    
    In response to 61ohboy

Old car prices go up and down, depending on who wants them, and how old they are. I can remember when MG TD's etc., were going for crazy prices. In the last 10 - 15 years, the prices have stabilized, and in many instances have gone down. The people that drove them in the 1950's are getting too old to consider owning one today. It is the people that remember the cars of the 1960's that are driving the prices today. When I purchased my ambulance / wagon, wagons were not in high demand, even though ambulances were / are. Today, with most of the available convertibles and 2 door cars already in collectors hands, wagons & 4 door cars are being sought after. Even base model cars are being sought, since all the top end models are so highly priced. Who knows what will happen in 10 years. If you are in this hobby for the money, you would be better off finding another hobby, such as collecting gold and silver. Easier to store, and there is no doubt that in 10 years, the prices will be more than today.

Never argue with an idiot. He'll drag you down to his level, then beat you with experience.


 
gofastwclass 
Contributor
Posts: 851

Loc: In the garage
Reg: 08-19-14
01-07-17 08:39 PM - Post#2669982    
    In response to junky

  • junky Said:
Old car prices go up and down, depending on who wants them, and how old they are. I can remember when MG TD's etc., were going for crazy prices. In the last 10 - 15 years, the prices have stabilized, and in many instances have gone down. The people that drove them in the 1950's are getting too old to consider owning one today. It is the people that remember the cars of the 1960's that are driving the prices today. When I purchased my ambulance / wagon, wagons were not in high demand, even though ambulances were / are. Today, with most of the available convertibles and 2 door cars already in collectors hands, wagons & 4 door cars are being sought after. Even base model cars are being sought, since all the top end models are so highly priced. Who knows what will happen in 10 years. If you are in this hobby for the money, you would be better off finding another hobby, such as collecting gold and silver. Easier to store, and there is no doubt that in 10 years, the prices will be more than today.




Agreed.

1961 Impala mild custom build

I build my own stuff...


 
Brian64SS 
Frequent Contributor
Posts: 1122
Brian64SS
Loc: Milwaukee, Wi
Reg: 09-30-00
01-07-17 09:12 PM - Post#2669991    
    In response to 61ohboy

I go to a lot of non-car auctions and have rarely seen a buyer to feel sorry for. Wages are up (except mine), some people have a lot of overtime pay to spend, business profits are up, people are building businesses, selling them when they retire and looking to spend their windfall. There are a lot of people (not me) with money burning a hole in their pockets. I doubt B-J and Mecum buyers dip into their 401k to buy a car.

My 4-door hardtop purchase was a gamble in 2015 because it had been sitting in a garage without being run in 35 years, but has turned out to be a great purchase. Practically no rust (believe it or not, an Indiana and Wisconsin car) and 54,000 miles. I was expecting the 283 and PG to need rebuilds but I only had to do brakes, tires, gas tank and sender, water pump, distributor cap and rotor to make it a smooth runner/driver. It has the original spark plug wires. There are still some out there folks!


Brian
1964 Impala SS, 283 (not original), 4-speed (25 years)
1964 Impala 4-door hardtop, 283 Powerglide (2 years)
They made a million but I only have two.


 
space66 
Contributor
Posts: 595
space66
Loc: montreal
Reg: 06-01-16
01-07-17 10:13 PM - Post#2670002    
    In response to stingray caretaker

  • stingray caretaker Said:


20-30k for a mom & pop car new at 3k with 100,000 plus miles in huge production numbers, probably not road worthy is the definition of insanity.



it's all about (labor/wages) how much it cost to fix it...
that's why insurance companies scrap cars, cause it cost more to fix ,then the value it self.

if any would calculate hourly wages like a lawyer on their project , you could easily see how expensive it would be (research,calls, etc)... time is money in any project specially if you invest to resell.

a 3k car...,keeping that money in the bank for 50+ years, with interest, sure you would have more then that 20-30k, and that's without counting all the expenses over the years.

500k house, 75% of it is labor...


1966 impala convertible 283*pg-396*th350


 
ragtp66 
Contributor
Posts: 555
ragtp66
Reg: 12-09-07
01-08-17 01:17 AM - Post#2670028    
    In response to gofastwclass

Just had a conversation with someone the other day and he asked why all the sudden are the 4 doors and wagons getting all the love these days when 15-20 years ago NOBODY would look twice at a more door. I think there are several factors in play.

* The cost of the two doors & convertibles has gotten so far out of reach for the "average Joe"

* When the cost of scrap was WAY up a few years ago and a LOT of old iron was crushed

* Wages have not gone up significantly for a lot of people yet the cost of EVERYTHING else has gone up.

* Demise of "shop type" classes in schools.

* Today's kids are more into I-phones, video games and thinking they are going to be RICH by creating a you tube channel then helping the OLD man out in the garage and learning something of value.

* Don't think for a minute that our wonderful, government village idiots are not out to take driving out of our hands. Look around at the autonomous cars coming out and the number of accidents/deaths from imbeciles texting and talking on cell phones while they drive and you will soon see what I am talking about.

* The cost of paint and body work is so astronomical GONE are the days of a $1000 paint job that looked good from 20 feet. Now $1000 doesn't cover much more than materials. Earl Scheib is probably WISHING he was alive today.

Toys:
1958 Impala 2dr Hardtop Under Construction
1966 Chevelle Malibu Convert M20/350 Aztec Bronze
1987 Sea Ray Pachanga 22
2002 Cadillac Escalade EXT Parts chaser
2007 Trailblazer SS -gone and missed


 
Bel Air kiwi 
"2nd Year" Silver Supporting Member
Posts: 3208
Bel Air kiwi
Loc: New Zealand
Reg: 04-24-14
01-08-17 02:56 AM - Post#2670035    
    In response to ragtp66

Hi Guys, this is the same the world over. There are cycles of variation and long term trends that don't change.
If it was rare, exclusive, record braking, or owned by a recognizable celebrity or notable then the more this pushes up values.
The closer it is to authentic and original the more valuable also. Numbers matching, original color low miles etc.
Some times quirky or failure cars gain a reverse mystique, my Edsel would be a classic example of that. The VW beetle has a cult following world wide and that doesn't change. Vette's are revered internationally as are Mustangs and some Mopars. The old Mini and the early Porsche's which are pretty basic vehicles which hold more value than there quality merits.
Anything that has been in a movie is more desirable and the price goes up.
But the sucker cars that draw too much money are the fad cars that go in and out of fashion.

If you want to be in the business of restoring cars for profit on the side then you need to get paid by someone else to do their car. The cost of restoring rust-buckets just doesn't ever add up economically. Did you ever see the Coddington crew start with a burnt rusted or smashed base car, and they had some pretty rich dudes with deep pockets paying the bills.
I have an old 32 Tudor that is all steel and rodded. Its very rare for our country because it was not rusted to a foot above the floor. It was owned by a single woman from new and stored for years. Now Tudors are the most common of all Deuces Ford made, however you find me another one that was right hand drive from new and still has the original body on the original frame. Our US cars came out of Canada and had true US style bodies. England and Australia and some European countries made their own unique coachwork. There are only five known RHD new Tudors in NZ and the other four are rotten cars rebuilt, chopped or just roached.
Plenty of LHD cars bought in from the US recently. So it comes back to what price rarity?
I have it insured for $100,000.

The real art to making money from this hobby, or spending less money than some do, is to buy the best example you can of a vehicle that has an inherent value. It would cost more to paint a VW Beetle or Mini here than the whole totally restored car is worth. Another five to ten years and their won't be any more originals tucked away and they will become worth restoring at some point a decade or two after that. But they are so common that might not be in our lifetime.

The other thing to be very mindful of, as others mentioned before is swinging market situations. It can make or break the viability of restoring some vehicles. I like US cars and they cost about $3000-5000 to ship home after being paid for and got to Long beach, then there is tax and port fees at both ends. The first one I bought home I thought was a bargain actually isn't and has now become the parts car for a better 52 Bel air I got out of Arizona.
When your sub-prime mortgage fiasco erupted on your economy, and shortly after on most vulnerable banking systems around the world. Two very important things happened for me on the wrong side of the globe. Our banking system was much more regulated from this and we had no real bank disruption at all, and to stave off potential economic domestic issues the Government committed to underwrite all the non bank home lending institutions.

48 3100 RHD, 51 Deluxe 4DR RHD, 51 Bel Air parts car, 52 Bel Air P-Glide LHD. Others 23T, 32 Tudor, 58 Edsel pacer 4DR HDT, 79 F250 351C RHD. 69,70,82 Capri. No mobile, no TV, and no Jap cars.

And when it was laid to waste, they called it peace.


Edited by Bel Air kiwi on 01-08-17 03:15 AM. Reason for edit: No reason given.

 
Bel Air kiwi 
"2nd Year" Silver Supporting Member
Posts: 3208
Bel Air kiwi
Loc: New Zealand
Reg: 04-24-14
01-08-17 04:04 AM - Post#2670036    
    In response to Bel Air kiwi

ctd. I bought a container load of cars home, with the Edsel, 1 of 4800 built, stock original color matching numbers heavily optioned, Low miles and the plastic still on the back seat. I put in a low-ball offer and got it for $3000 as no one else bid and the guy was losing his house the following week. I bought another 52 Bel Air in Arizona, and a Cab for my AD 48 truck in Northern California. I also got a dart block and some brookville roadster panels for my 28 A roadster. The guy in North Cali was so pleased to sell something from his yard that he got a better Cab of another truck and his son to drive it half down the state to Bakersfield. The guy I know in Bakersfield was having a quiet time so when I rang up and got a $1000 of panels off him he told me he was going to Long Beach and would take the panels and my cab down for free.
So I bought some doors and a hood for the truck as well.
Doesn't service improve when money is tight. But that cuts both ways so I still try these guys first.

As a happy coincidence I had budgeted about $225,000 to buy a small factory unit as my garage in the city holds five cars but it has no height to it to fit a hoist.

48 3100 RHD, 51 Deluxe 4DR RHD, 51 Bel Air parts car, 52 Bel Air P-Glide LHD. Others 23T, 32 Tudor, 58 Edsel pacer 4DR HDT, 79 F250 351C RHD. 69,70,82 Capri. No mobile, no TV, and no Jap cars.

And when it was laid to waste, they called it peace.


 
4dr 57 
"9th Year" Silver Supporting Member
Posts: 4418
4dr 57
Loc: Texas Hill Country
Reg: 11-10-04
01-08-17 09:43 AM - Post#2670073    
    In response to ragtp66

Recently had our old 89 buick in the shop for a front end repair (very minor.)
When I asked about repairing some of the parking lot dings they told me $1,000 a panel! Needless to say we passed.

Another additional cost is getting unmatched springs of any kind that can result in vibrations that can make short work of the drivetrain.
Still another is unscrupulous sellers anywhere! I recently found this out and there wasn't anything anyone could do about it. It happens they tell me.
Guess I don['t really need to mention the armature's nighmare of rebuilding then redoing the rebuild....
Stan

It's all good. mostly




 
rrausch 
"13th Year" Silver Supporting Member
Posts: 13415
rrausch
Loc: L.A, Cal. & St. Louis...
Reg: 04-07-03
01-08-17 11:02 AM - Post#2670089    
    In response to Bel Air kiwi

  • Bel Air kiwi Said:
The old Mini and the early Porsche's which are pretty basic vehicles which hold more value than there quality merits.



Yuge Dittos there Kiwi. I wouldn't drive an old Porsche if it was given to me--I'd sell it tho!

1953 210 Convertible, 261 with dual Carter YF 966S carbs, P.S., Remote Bendix P.B. Booster... shade-tree restoration about done.




 
Brian64SS 
Frequent Contributor
Posts: 1122
Brian64SS
Loc: Milwaukee, Wi
Reg: 09-30-00
01-08-17 12:10 PM - Post#2670110    
    In response to rrausch

If I could take on another car, I'd check this one out. Better equipped than just about any x-frame Chevy around, original 327 and title. http://milwaukee.craigslist.org/cto/5940414625.htm...


Brian
1964 Impala SS, 283 (not original), 4-speed (25 years)
1964 Impala 4-door hardtop, 283 Powerglide (2 years)
They made a million but I only have two.


 
Bel Air kiwi 
"2nd Year" Silver Supporting Member
Posts: 3208
Bel Air kiwi
Loc: New Zealand
Reg: 04-24-14
01-08-17 12:21 PM - Post#2670113    
    In response to rrausch

My rave ctd: First: 4dr 57, you are absolutely right about the appearance and quality costs, if you want to have it look the best and use it on the road. Show and museum cars ain't drivers.
What you are saying about bent parts and springs is a real valid point, anything that has had sub standard repairs is a nightmare and full of hidden issues/costs.
A local lad runs a 3/4 midget here and he just hit the wall and put a tiny bend in the rear axle and thought he would chance it in the next race.
These are four cylinder motorcycle engines on methanol and they scream. The harmonics from that came back through the driveline and in very short time a bent axle became a broken crank. Modified vehicles, part finished projects, and second hand race parts are always a lottery. That's no place for the unwary to be.

Hi Robert, I'd drive that Porsche around past all the girls schools pretending I was James Dean, then sell it. They'd be thinking who is that old fart with the funny car, while I was busy being a Legend in my own lunchtime.

From above:
As a happy coincidence I had budgeted about $225,000 to buy a small factory unit as my garage in the city holds five cars but it has no height to it to fit a hoist. So I had been looking around for a high stud but small factory. As it happens the recession did cut a lot of deferable spending here, and so a lot of house building, boat and new car sales got put off or cancelled. A lot of small businesses with too much debt to equity went broke. So the factory unit I bought was below cost as the builder owner was bankrupt and making a run to Australia to avoid his debts. When he got it new they were $235,000 and cost was about $190,000. I paid his brother in-law who was a lawyer, and one of his creditors $160,000 cash. So effectively he paid for all the cars, shipping and taxes, plus the new hoist and workshop upgrades, and he was pleased as hell to have got anything from it.
A couple of year down the track and your economy and ours are both heading in positive directions and your dollar has gained on ours making US cars more expensive here and the valuation on the workshop has now passed even the original price.

The cautionary tale here is if you go all in on anything then the risks are high. If you spend too much or pay too much and don't have a saleable finished vehicle when something goes wrong; like family, divorce, health or economics then you stand to loose the lot if you can't choose when you have to sell.

That doesn't sound like a hobby to me

Cheers Kiwi


48 3100 RHD, 51 Deluxe 4DR RHD, 51 Bel Air parts car, 52 Bel Air P-Glide LHD. Others 23T, 32 Tudor, 58 Edsel pacer 4DR HDT, 79 F250 351C RHD. 69,70,82 Capri. No mobile, no TV, and no Jap cars.

And when it was laid to waste, they called it peace.


Edited by Bel Air kiwi on 01-08-17 12:43 PM. Reason for edit: No reason given.

 
knightfan2691 
Dedicated Enthusiast
Posts: 6173
knightfan2691
Age: 43
Loc: Elgin IL
Reg: 11-18-02
01-08-17 01:20 PM - Post#2670130    
    In response to Bel Air kiwi

The ironic twist of this is ... certain buyers (not all) expect to pay next to nothing for a car, probably because people are so wary of the high prices sparked by those TV shows, etc....


Cort, www.oldcarsstronghearts.com
pig&cowValves.paceMaker * 1979 CC to 2003 MGM + 81mc
"All your lies somehow left me blind" | George Ducas | 'Lipstick Promises'



 
Aussie_Chevy_Nut 
"3rd Year" Silver Supporting Member
Posts: 477
Aussie_Chevy_Nut
Loc: Australia
Reg: 11-26-02
01-08-17 11:23 PM - Post#2670206    
    In response to Bel Air kiwi

Hi guys,
Collecting old cars for most of us is a hobby, albeit one that can be expensive, but basically a hobby.
If you want to make money out of it then the game is different; then you need to be pretty sharp as to what to focus on.
Those of us who worry about a lack of cheap and complete early '60's cars tend to overlook the fact that we are in the 21st Century, not the 20th!
Just think for a moment what was going on in the old car hobby back IN the early '60's.Folks were rebuilding cars from the Veteran and Vintage eras, from the beginning of mass produced cars up to the early 30's.
I knew an older guy back in the '70's who was having a great time rebuilding Cadillacs from the '20's.
The mindset is the same now, that's why we are nostalgic for the eras in which we grew up; not just the cars but the whole lifestyle thing.
Keep happy and carry on!
John



 
stingray caretaker 
Contributor
Posts: 395

Loc: Midwest
Reg: 11-19-12
01-09-17 09:10 AM - Post#2670259    
    In response to gofastwclass

  • gofastwclass Said:
My complaint is the guy selling a rusted hunk of metal and a title for $15K. That is a PROJECT, not a car. I've seen a few CL and fleabay ads for such car projects. I'm not talking about something that runs or drives or could in a weekend's hard work, I'm talking about a full restoration project.

Saying "patched up example" is a really vague thing, stingray caretaker. In my opinion any driven 50+ year old vehicle will need some repair. Likely that repair will be rust or dent and engine repair. Properly done body work, isn't "patched up" and can actually be as good if not better than factory. If the work is like my car had when I bought it, THAT is hacked, patched up and lots of bondo.



One of the guys I keep in contact with bought a 56 vette from CA. Dealer pictures looked great. He bought sight unseen and had the car shipped to the midwest. His intent was a restomod with some body changes ( tire room and hood mods ) and a late model running gear. When he started to strip the nice shiney paint he was horrified to find someone prior had laid fiberglass mat over the existing body, poured resin on it, used filler and primer to " level the surface " and shoot some acrylic paint. Incidentally they made a quarter panel out of body filler and mat. It took weeks with a hammer and chisel to get the resin / mat removed. It could not be left as in places the below surface was not prepped properly to adhere. It is now at a shop for a replacement quarter and proper surface repairs. I spoke with the shop owner who relates most of his complete paint jobs are twelve to fifteen grand. Add the rest of the required work and you have double the purchase price of the supposed " done " car.
I am not saying shops do a lot of short cuts that end up being shoddy work. It comes down to owners with little or no experience tackling major repairs for the most economic result. As you are aware shiney paint many times hides sins one would not like to be aware of after purchase. After the car is shipped thousands of miles away and the check clears buyers remorse follows the agonized trail later realized.
I have found original with visual defects, quicky " restored " paint cars, ( the quick out the door bondo buckets ) and the nice properly repaired completely done examples everyone wishes for but hates to pay the value. Not all fall in these three categories but its a close approximation. Call me paranoid but I have never bought fresh shiney paint. If you personally knew the car and condition it is a totally different scenario . Hope this clears " patched up examples " for you.



 
BigDogSS 
"8th Year" Silver Supporting Member
Posts: 4455
BigDogSS
Loc: SoCal
Reg: 12-21-01
01-09-17 09:17 AM - Post#2670260    
    In response to stingray caretaker

On a bright note, I have a friend that just bought a rust-free 56 9-passenger wagon for $500 last week. It is a solid car, but is missing a lot of parts. But the parts are pretty common.

    1967 Chevrolet Impala SS convertible - Ermine White C1
    1967 Chevrolet Impala SS 396 - Marina Blue FF



 
space66 
Contributor
Posts: 595
space66
Loc: montreal
Reg: 06-01-16
01-09-17 09:37 AM - Post#2670265    
    In response to ragtp66

  • ragtp66 Said:

Earl Scheib is probably WISHING he was alive today.



the good old days...loll
https://www.youtube.com/watch?v=PtjdHaMeiiQ


BUT it is still possible to find a nice cheap car, you need to be a serious ready buyer and if you're too greedy you loose the race...the professional vulchers are on the lookout 24/7, it's their job.

e.i. in my area ca.
mom&pop selling a 66 impala ss convertible for 10k, sold first day... the week later an add for the same car, at a dealer askinng 26k...go figure.



1966 impala convertible 283*pg-396*th350


 
stingray caretaker 
Contributor
Posts: 395

Loc: Midwest
Reg: 11-19-12
01-09-17 12:20 PM - Post#2670291    
    In response to space66

  • space66 Said:
  • ragtp66 Said:

Earl Scheib is probably WISHING he was alive today.



the good old days...loll
https://www.youtube.com/watch?v=PtjdHaMeiiQ


BUT it is still possible to find a nice cheap car, you need to be a serious ready buyer and if you're too greedy you loose the race...the professional vulchers are on the lookout 24/7, it's their job.

e.i. in my area ca.
mom&pop selling a 66 impala ss convertible for 10k, sold first day... the week later an add for the same car, at a dealer askinng 26k...go figure.





Yes there are numbers of bounty hunters looking for a quick buck or hold for optimum selling season ( convertibles ). The televised auctions have a lot of hobbyists evaluating items they know of and market pricing. Granted the shows " sparkle & bright lights " tend to have added value to the buyers club of rich and famous but similar examples are now up the ladder in pricing. The internet has changed the hobby drastically.



 
stingray caretaker 
Contributor
Posts: 395

Loc: Midwest
Reg: 11-19-12
01-09-17 12:29 PM - Post#2670292    
    In response to space66


500k house, 75% of it is labor...




Built houses for 9 years. Didn't find that to be true. Plenty of competition from builders and part timers looking for extra cash. Usually they had a friend ( plumber, electrical, cement finisher ) that worked weekends for cash at a much lower hourly rate.
Where there is a lot of profit you will find a herd of wolves.



 
space66 
Contributor
Posts: 595
space66
Loc: montreal
Reg: 06-01-16
01-09-17 03:26 PM - Post#2670310    
    In response to stingray caretaker

  • stingray caretaker Said:

Built houses for 9 years. Didn't find that to be true. Plenty of competition from builders and part timers looking for extra cash. Usually they had a friend ( plumber, electrical, cement finisher ) that worked weekends for cash at a much lower hourly rate.
Where there is a lot of profit you will find a herd of wolves.



Don't want to go there, but i build few, and did almost every thing myself apart the foundations...so what's not true ,we aren't talking about (cost/profit) with cheap labor here but overall total cost % (material/professional construction labor wages)
as where the contractors make their profit...

1966 impala convertible 283*pg-396*th350


 
USCGMK1 
Forum Newbie
Posts: 69

Loc: Sitka, AK
Reg: 07-24-15
01-09-17 08:44 PM - Post#2670373    
    In response to space66

My first Impala in 1997 was a 1964 4-door. I paid $3500 cash for it, which everyone laughed at me for buying a 4-door and the fact that I passed up a 61 2-door for $1500, it needed a lot more work than I had money and time going to school while part time jobbing it, so I went with the 64 because It was a jump in and drive away, it was my daily driver. Then back about 9-10 years ago people were asking if I still had it, I had sold it and got a 68 Impala vert in 2003. Turns out they wanted my tilt column, electric bench seat, power windows, and other body parts since it was rust free minus the drivers floor pan. I didn't realize these were options and thought they came from the factory with the car, not knowing all about Impalas at the time. Wish i still had it now.

I got my 64 vert basket case in 2006 and got it restored, I really hated waiting so long for it to get done, and at times regretted not saving money and buying one ready to go. But I am happy that I got it done the way I wanted it to be done and not someone elses. I've seen some of these $40-$60K cars online and they just sprayed black paint over rust on the bottom of the car, have worn out looking bushings, tired looking interior, but slapped on some 18"/20" billet wheels, maybe air ride and sell it as a show car. I've even heard of people selling convertible conversions as original.

The one car I would have like to have gotten was 64 SS vert 409 silver on silver, power everything, a/c, it seemed to be completely optioned out. It was sitting outside rotting in this guys yard i bought some parts from. He didn't want to let it go, he knew it was special, but not special enough to garage it or at least cover it (top was down).



 
rrausch 
"13th Year" Silver Supporting Member
Posts: 13415
rrausch
Loc: L.A, Cal. & St. Louis...
Reg: 04-07-03
01-09-17 09:58 PM - Post#2670388    
    In response to stingray caretaker

  • Quote:

500k house, 75% of it is labor...




I've built a few myself and also found this number not to be true IN MOST CASES. I say that because if a contractor subs out everything and doesn't watch his subs' bids carefully, labor can add up. In the cases I've personally been involved in where this happened--both times--the contractor went belly up on the house, got fired or just walked away, and I was called in to finish up.

1953 210 Convertible, 261 with dual Carter YF 966S carbs, P.S., Remote Bendix P.B. Booster... shade-tree restoration about done.




 
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