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:
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.
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!!!!!
