Category Archives: Auto Cross

Ok so we need to touch on sources for help us come to a decision on the value of our cars.

There are several areas.  NADA has an online collector cars section and Kelly’s Blue Book doesn’t cover cars as old as mine, at least their on-line services only goes to year 1990.

So for a “collector value” you need to turn to one of the other publications, there are many, the one I use most often is Old Cars Price Guide.  I have a copy sent to me but they have an on-line service as well.  www.oldcarspriceguide.net.

Most price guides require a selection of “condition”. errkkk……there we go again, subjective, subjective, subjective.  The Old Cars Price Guide gives you a 1 -6 rating with 1 being the top condition. In the front of the guide there is a listing of what the conditions mean and what’s required for meeting that goal.

Here is how my cars stack up.

The Mustang:

Old Cars Price guide –   1. $22,500   2. $15,750   3. $10,130  4.  $4,500  5.  $2,700   6. $900 (wow the at the drop of value)

NADA’s   Used price –  1. $17,440    2. $13,140   3. $8, 110

The Vette:

Old Cars Price guide –     1. $27,000   2. $18,900   3. $12,150  4.  $5,400  5.  $3,240   6. $1,080

NADA’s   Used price –  1. $17,350    2. $13,510   3. $8, 503

Over $20k drop in prices by condition with the Old Cars Price guide. and $5k there ’bouts with NADA’s Used price.

Couple of things are clear right up front.  There is no way my cars are going to bring Old Cars Pice Guide’s top money, either one of them,  and the Mustang is pretty close to a 2 condition and the Corvette is about the same.   I won’t say how much money I’ve spent on the cars but considering the Mustang has had a ton of “stuff'” done.  Lets just say that the 1 condition price is still under that.  (more on that later.)

The next areas are online car sales.  You can search Craig’s list and Cars.com and AutoTrader and one of my favorites Hemming’s Motor News. But the draw back of all those is that the prices are offered prices – they don’t often give you the “sold” price and the conditions are only as reliable as the sellers assessment.  Now, Hemmings Motor News does have auctions listed with in their pages and the do tell you what the selling price was and/or the top bid if they didn’t.

“Whoa..there” you say..”that’s a lot of work.”  And yup it is.  First you have to be lucky enough to see your car listed more then once…I hate to keep picking on Mr. Sears, but you just aren’t going to seem too many Mercury Cougar station wagons for sale….nor will you see too many ’70 Mustang Coupes…you just won’t.  Once you find some, and you’ll need a few so you can find the average price..errk…. but even then the actual conditions may vary.

One other way is to search on-line auctions, like Ebay. There are some companies out there that will mine the data for you and give you the sold prices.  But again you have the condition variable you have to account for.

Drop me note if you have some idea.

Next up is a “formula” for you to use for helping determine the value..oh… don’t worry it will be straight forward………..yeah..right.

Thanks for reading.

Tim

First let’s get a couple of …sayings out-of-the-way.

1.  It’s worth what someone will pay for it!!!!

2. It has sentimental value!!!!!!

These comments are so useless, but you hear them all the time.

Determining the value of your car isn’t easy.  Especially these days with  the roller coaster ride that is  collector car prices and the huge difference between a million plus ‘cuda and a run of the mill rare Charger.

What makes it tougher is the fact that you might not have a cuda or even a run of the mill Charger.  I have a 70 Mustang coupe…you aren’t going to find them on Barrett Jackson bringing hundreds of thousands of dollars.  One of our readers has a Mercury Cougar Station Wagon, come on..I love that car, but you won’t see it crossing an auction block.

So there are several ways to ‘try’ to obtain a reasonable value.  This is important for resale, estate planning, and insurance.  In the next few posts I’ll toss out a few options.  Here are the areas:

Blue Book

NADA

Bean Counter

Auctions

On line sales.

More tomorrow.

Thanks for reading

Tim

2/15/1944 the SCCA was formed

2/15/1944  Graham Hill was born in London – In 1972 he won the 24 Hours of Le Mans for Matra with Henri Pescarolo. With this win he finished the so-called Triple Crown of motor sport: winning the F1 World Championship, the Indy 500 and the Le Mans 24 Hours. Till today he is the only person ever to have achieved this.

2/16/1951 Nash-Healey’s début in the US

2/17/1934 The first high school drivers ed classes in Pa.

2/18/1952 Studebaker turned 100.  Stopped production in the US in 1963 and finished up in Canada in 1966.

2/18/1898 -Enzo Ferrari born in Italy

Anyone have this problems?   I love my two cars (the Mustang and the Vette), but I like a lot of other cars as well and the only thing stopping from owning a few more is a 5ft 100lbs lady and of course a place to keep them and of course $$$$ and believe it or not what little bit of common sense I a scrape up…which isn’t easy when it comes to cars.

So every now and then, I go through this cycle. I want another Vette or 2011 Mustang or a vintage Mopar (wouldn’t it be cool to have one of each brand??), but the only way to get another car is to get rid of  one of my existing cars. Man..that’s a tough call to make. So I guess I’ll have to sell my wife’s Lexus..yeah..that’s the ticket….of course I’ll need a place to live after that….No problem…I can live in my cars!!!  Yeah..that’s a good plan.

  I’ve gone back and forth with “trading the Mustang for a Vette”.  I actually had a guy willing do just that. (If you read one of my earliest post, that’s how I got my Corvette in the first place – traded my Celica title for title for the Corvette).  I’ve toyed with “selling the Mustang on online and buying a vette” or “selling the both and buying a new vette.”   It seems to be a constant dilemma, at least for me.

But I get to thinking about value.  Can I get the money I’ve put into them back?  What should I sell them for?  (Next post will be about determining value.) Will I be sorry after words

The last time I went through this cycle, I had the Mustang almost sold and I when outside to start it and as I sat in it I realized ‘I can’t sell this, it’s my first Muscle car that I’ve built from the ground up (as an adult)!!’  I knew that later on when I’m old… I’d be saying “I wish I still had that one!”

There is something about them that sticks to you (those of us that own them).  I think it’s character.  They have character. I read an article where the author said they had “soul”….a bit of a stretch for me to get behind, but it’s something. 

So I good.    For now!!!!  Oh but I’d love an  old Plymouth with fins, and 1950’s Ford and big old Chevy wagon….and..oh yea…a 1966 T-bird….sigh!!!!!