OK, what I have here is a "semi-hypothetical" question. What would you pay for a completely restored (rotisserie restoration done at nationally known shop) , numbers matching 1972 340 'cuda ? Its an A/C car, 4spd console delete , vinyl top, B5 blue car. Car is documented, fender tag, multiple build sheets , it is the real thing . I'm having an argument with my boss who seems to be living in a fantasy land, thinking this car will bring 70k MINIMUM ??? My guess is not a penny more then 45k ... I'm talking today's dollar... I'd love to here what the responses to this are ...
'72 'cuda "concours"
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DetMatt1
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My 2 cents? Tough without more info and pics but I'm thinking under 40K and maybe 35k.
moparleo
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Ask him what he would pay for it now? A car is worth as much as the buyer is willing to pay.
DetMatt1
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I hope nobody takes offense but I'm not sure that I've ever seen a `72 fetch that much. `70 & `71, yes and I'm only saying this from personal observation or what I've been exposed to. Not that I don't like a concour quality `72, in fact I'm dieing to see this one!
It's all relative , moparleo what a car is worth and what someone will pay for it are to completely different things ... I will get some pics up of the car .. the only glaring mistake on the car is the bottom is painted body color ...
A 72-74 has never been worth any where near $70,000. At the peak of the market you might have been able to find someone that was willing to pay $30-$35 for it. Someone might pay $20,000 for it now but you'd have to waite for the right person to come along.
The only exception would be if the car was OE judged(and scored well) at Carlisle or the Nats. Those cars are a step above all others and would sell for more. My $.02
The only exception would be if the car was OE judged(and scored well) at Carlisle or the Nats. Those cars are a step above all others and would sell for more. My $.02
challenger6pak
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Everything in this world is worth what people are willing to pay for it, regardless of the asking price. What people are willing to pay for something establishes the value of that object. This is why a Hemi car is worth more than a 318 car. I side with Leo on this.
moparleo
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ODSVET It is called the free market. Capitalism. Here is a bad analogy. If you take a new $20,000. Hyundai and put a $20,000. custom paint job on it, what is it really worth now ? Thats how the system has always worked. Supply and demand. You could have the only one in the world of something, but unless someone else wants it, it isn't worth anything.
That business lesson is free.
Remember, You asked the question, but probably won't like the answers .
Put that same question on a Ford or GM site and see what they think it is worth.
That business lesson is free.
Remember, You asked the question, but probably won't like the answers .
Put that same question on a Ford or GM site and see what they think it is worth.
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ramenth
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And I think you need to calm down a bit. You've said this:
ODSVET said:
You're getting responses. Take 'em or leave 'em.
Leo's right, though.
You said something along the lines of what the car is worth and what someone is willing to pay for it are two different things? Seems to me that you're associating asking price with value. Buying price establishes the value of the vehicle.
It's when you, as the buyer, have the cash in hand (or loan signed for) and the seller come to an agreement as to exactly how much money will exchange hands. That's the true value of the vehicle.
Ask the speculators in the hobby how that works.
sluvxe
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The price of ebody mopars is going to continue to fall as older folks begin to retire until finally they become ultra rare. The younger generation is broke and the older generation is starting to retire. Most of the people willing to throw down big money for one of these cars are older and nostalgia is a factor. If you really want to ride a classic car wave for profit, you'd best either buy 3000gt/supra/steath. Many of these cars prices are already starting to climb. Mid 90's supras fetch close to 20k restored even now and a restored 3000gt vr4 10-15k.
CoronetRTguy
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Very true on that. I bought a 96 LT4 Corvette and the bank told me lending price started at $7000 and stopped at $12,900 as of right now.
We can already see the market shifting if you didnt grow up in the classic car market and was around the (Then) new stuff you want what you grew up around.
There are cars from the 80s and 90s I liked and couldnt affored and wanted, this Vette being one of them.
I do see the 72-74 Cudas gaining in price but I don't know if they will ever bring the high dollar as the 70 and 71s.
Also I see a lot of guys who had those cars that were worth half a million to a million dollars wishing they sold them when they had that chance.
I think you could spend 40,000.00 in a car and have a great car and never get your money out of it.
I never went into cars to make money but to enjoy them and if I sold and made some money cool that just means I get to buy the next toy.
I think Barrette Jackson and auctions like that hurt our hobby and not helped it. You have to many rich guys being able to use money to get what they want and I bet they dont drive them.
I want something I can enjoy.......
moparleo
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What they would do at the auction was to bid the price up2-3x times the value, that would have the affect of in creasing the value of the rest of the cars that were similar out there. Easy way to make your car worth more money. Then they bail out of the market and every body that paid top dollar got burned by the speculators. That is called a price correction to all you investors out there. Popular cars will always be popular. Hemi-Cudas, Hemi or sixpack convertibles Challengers or Cuda's, any Hemi cars, 69 Hemi Charger, 69 1/2 Roadrunners, Hemi-Darts, 63 Split window Corvettes, 55-57 Tbirds, 55-57 Chevys ,Deusenberg's etc..... These cars will always be worth more than the standard transportation cars out there.Simple really, supply and demand.
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sluvxe
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Its already almost not worth it to resto anymore. Ive looked all over and most everything ive seen are rotted out husks or cannibalized cars that people want 5-6 k for cause it was orig a 383/440/340 whatever.. even though none of those original parts are there. Esp considering a roller cuda/challenger are easily found for around 10k ready to drop your own motor in.:wav:
moparleo
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One of the few good things that happened was with the increased value of our cars ( whether real or not ) was that it became feasible for manufacturers to tool up and reproduce more parts to restore our cars. And fewer cars are being scrapped. One of the bad things is the people with limited car knowledge think that Barret-Jackson auction prices are for all cars. If you want to nit pick options colors etc... every car is rare to someone. As you said though, it is probably cheaper right now to buy a restored car than to build one yourself.
Ok, so I've let this fester for awhile, read the educated and the not so educated responses. Maybe I didn't make myself abundantly clear, so let me set the record straight.
I know, without a doubt that a 1972 'cuda ANYTHING will never be worth 70k. If you read what I initially typed, you'll see the phrase "my Boss" ( now piece of ****, money grubbing scumbag former boss ) said it'd be worth 70k ( in an effort to sucker the owner in into spending more money ). I said it'd be worth MAYBE 45k tops .. that's after it goes to the to a few shows, gets some face time, and eventually wins everything in its class. How do I know it will do this ? I'm that good. My last 3 completed cars, while not mopars, have all cleaned house at the concours shows. Am I arrogant ? Maybe, but I've earned it thru late nights of research, sleeping at the shop, not taking any BS from anyone, basically doing it my way. Those of you who have doubts, I have the awards and documentation to back this up. My last 3 cars were, a one of one 1971 Buick 455 Stage 1 car, only car in existence to leave the factory with apollo white paint and a black vinyl top. The 2nd being a one of one Baldwin Motion 1970 455 Buick Stage 1 GSX. Yes Baldwin Motion built a Buick, but just 2 ( the other was a 69 but the jury is still out on that one). The 3rd was also a 70 Stage1 GSX, which took A-body of the year . I know that the car won't be worth near 45k UNTIL it has a pedigree, which it will have after its first 3 shows. So, am I under the illusion that if I put this car for sale on eBay , or craigslist it'd get 45k ? NO !!! But then I'd never resort to selling anything I built via an outlet like that. It'd get that much selling to a specific crowd . So maybe I am arrogant, abrasive etc etc, these are all things I know already, so save your comments. With my clients I try to be as upfront as possible, and while somethings things are obvious, there are always a few "surprises" in every build, some good, but most times bad. I won't even address the comment of being able to by a completed car for less than the cost of a resto, damn that's nearly EVERY car that crosses the block at Barrett-Jackson, been that way since the get go. Yes the market has changed drastically in the past 7 years, spiraling downward, but the super nice cars, the ones that go the extra mile, the ones that have no comparison, that set the standard ? Those cars will always command a higher price. How else would you explain a VW Bus selling for $217,800 ?? ( other than 2 really drunk dudes with way too much ego and cash ?)
I know, without a doubt that a 1972 'cuda ANYTHING will never be worth 70k. If you read what I initially typed, you'll see the phrase "my Boss" ( now piece of ****, money grubbing scumbag former boss ) said it'd be worth 70k ( in an effort to sucker the owner in into spending more money ). I said it'd be worth MAYBE 45k tops .. that's after it goes to the to a few shows, gets some face time, and eventually wins everything in its class. How do I know it will do this ? I'm that good. My last 3 completed cars, while not mopars, have all cleaned house at the concours shows. Am I arrogant ? Maybe, but I've earned it thru late nights of research, sleeping at the shop, not taking any BS from anyone, basically doing it my way. Those of you who have doubts, I have the awards and documentation to back this up. My last 3 cars were, a one of one 1971 Buick 455 Stage 1 car, only car in existence to leave the factory with apollo white paint and a black vinyl top. The 2nd being a one of one Baldwin Motion 1970 455 Buick Stage 1 GSX. Yes Baldwin Motion built a Buick, but just 2 ( the other was a 69 but the jury is still out on that one). The 3rd was also a 70 Stage1 GSX, which took A-body of the year . I know that the car won't be worth near 45k UNTIL it has a pedigree, which it will have after its first 3 shows. So, am I under the illusion that if I put this car for sale on eBay , or craigslist it'd get 45k ? NO !!! But then I'd never resort to selling anything I built via an outlet like that. It'd get that much selling to a specific crowd . So maybe I am arrogant, abrasive etc etc, these are all things I know already, so save your comments. With my clients I try to be as upfront as possible, and while somethings things are obvious, there are always a few "surprises" in every build, some good, but most times bad. I won't even address the comment of being able to by a completed car for less than the cost of a resto, damn that's nearly EVERY car that crosses the block at Barrett-Jackson, been that way since the get go. Yes the market has changed drastically in the past 7 years, spiraling downward, but the super nice cars, the ones that go the extra mile, the ones that have no comparison, that set the standard ? Those cars will always command a higher price. How else would you explain a VW Bus selling for $217,800 ?? ( other than 2 really drunk dudes with way too much ego and cash ?)
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CoronetRTguy
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So have you ever restored a MOPAR?
See when you get into the MOPAR world of things and start throwing out one of ones, the MOPAR one of one car will be way way more rare then say a GM or FORD product.
I had a one of one car and it was a sister car to the one in the movie Lock Up, it was a 70 Coronet R/T and both cars were one of one.
You have to look at whats rare and in the MOPAR world when you break the codes down it doesnt take long to show what is rare and what is truly a one of one car.
Sounds like you've had more hands on with GM stuff and thats not a bad thing sounds like some good cars were saved I always liked the GSX cars. Those cars always made me wonder what they were thinking when they did the spoiler and color combo.
Do I think a 72-74 Cuda will go to hundred grand....You said it best when you said it has the level of restoration work, awards and face time with the public.
To restore a MOPAR to OE takes a lot more research, a lot of money and a lot more research.
MOPARs are tough cars to restore and finally we have AMD making panels for a lot of cars so a lot more will get restored now because of it and a lot more will be restored to a higher level.
Like you said a higher level restoration will bring a lot more money in the end.
See when you get into the MOPAR world of things and start throwing out one of ones, the MOPAR one of one car will be way way more rare then say a GM or FORD product.
I had a one of one car and it was a sister car to the one in the movie Lock Up, it was a 70 Coronet R/T and both cars were one of one.
You have to look at whats rare and in the MOPAR world when you break the codes down it doesnt take long to show what is rare and what is truly a one of one car.
Sounds like you've had more hands on with GM stuff and thats not a bad thing sounds like some good cars were saved I always liked the GSX cars. Those cars always made me wonder what they were thinking when they did the spoiler and color combo.
Do I think a 72-74 Cuda will go to hundred grand....You said it best when you said it has the level of restoration work, awards and face time with the public.
To restore a MOPAR to OE takes a lot more research, a lot of money and a lot more research.
MOPARs are tough cars to restore and finally we have AMD making panels for a lot of cars so a lot more will get restored now because of it and a lot more will be restored to a higher level.
Like you said a higher level restoration will bring a lot more money in the end.
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