Classic Car Watch
Just Waiting For Cash
|NOTE: This column displays cars I have found on the Internet. I am not selling them. Please follow the links if you are interest in a car. Be mindful of the date this article was published. For an explanation why I do this read the original column here.|
October 2, 2011
By Scott Lewis
It is time to take this column serious. I have been looking at classic cars for this column for 7 years now. Before that, I did this for an occasional Car Corner column.
I am working a second job to try and get myself out of debt. The first major purchase I want to make when I am financially solvent is a classic car. I am going to be as realistic with this column as I can.
In the past I have listed cars here that I would never call about. That is going to change as of now. I may list unusual cars... but only cars I would actually call about. That is going to be the deciding factor here. That means this will be less a general classic car watch column, but more a "what is Scott going to get" column.
I am also going to tweak the price range. I try my best to stay under $15,000... with a little room to negotiate. I have gone over this, but I would have to explain why. No more. My current intent is to list cars that are advertised between $10,000 and $20,000. I will most likely not go below $10K because of these two statements:
To take that simply... don't buy a car to fix it up... unless you plan to spend more than it is going to be worth when it is done.
I have a friend that collects cars. I met him during a car auction where he bought a 72 Mustang convertible (very nice, by the way). At the time he told me he needed to reduce the number of cars he owns. This was in April of 2011. As of September 2011 my friend owns two additional cars and an additional Harley-Davidson motorcycle. His plan to reduce the number of cars he owns is not working. I told him I was going to start telling him what car I want him to buy, so that he can sell it to me when I have the money. I may actually do that.
I am going to try and list cars here that I would call about and make plans to see in person. And if the car is located in Texas I may send a link to my friend to see if I could get him to buy it and keep it in his storage facility until I can buy it from him. Due to this I may actually start looking up the value of the cars on NADA again. I dropped that practice because it didn't seem necessary if I was never going to call. Now I want to look at every car as if I were going to call.
Let's see what cars I really like.
1967 Ford Mustang - $14,995
Description: Just in and won’t last long is this Gorgeous Show
Quality 1967 Ford Mustang Restored in a stunning Dark Green Metallic
Paint laid out over a very solid and straight original body. The
interior has also been restored and was done very professionally with a
black interior kit on the correct bucket seat interior. The odometer
reads 95434 and with the solidness and condition I would say it is
original. The floors frame and trunk are also very solid and original
with an exception to a replacement pan in the driver side rear floor
pan. The original trunk and frame rails are excellent! This car is
powered by a great running 289 with a Holley 4 barrel carburetor,
headers, dual exhaust, great shifting automatic transmission, power
steering, and a posi rear end. It also has a good sounding CD player
professionally installed and is sitting on a nice set of Magnum 500 rims
with new tires. This car drives excellent down the road and is ready to
jump in and drive to your next classic car show!
Source: Coyote Classics
Comments: I love this car. If it were located in Texas I would tell my friend about it. I love that this looks close to a coupe version of a Bullitt Mustang. And because of that I would do so little to this car. One thing... it needs air conditioning, so I would be looking to Vintage Air for some comfort. Then I would do my best to keep this as a Bullitt look car. I would buy bolt on suspension and brakes components to make it safer to drive on a regular basis. That's it. NADA places this car at $18,745... assuming a numbers matching 289. This car is priced well.
1971 Chevy Monte Carlo SS454 - $20,000
Description: Chevy Monte Carlo SS454. This car has
absolutely NO RUST and was fully restored in 1992. It has 1,946 miles on
restoration. It has A/C, AM/FM, power steering, etc. Selling due to I do
not have enough time to drive it enough.
Source: Cars On Line
Comments: Oh, I want this car. I am a little scared of the price. The pictures are too low resolution for me to take a change and taking to my friend to invest in my future. The car is in Iowa, so even though he claims no rust, I want to see that for myself. If this is a numbers matching SS454 (which I would have to confirm) then NADA puts this at $19,102 for average retail, and $31,995 at high retail. So it seems he has it priced right if we can believe his description... and the numbers check out.
1972 Chevy Monte Carlo - $11,500
Description: All original, 350 V8, numbers matching
vehicle, cold AC, mint original black interior, mirror straight body,
factory build sheet, 12-bolt rear end, no rust, runs like new, this car
is near perfect, must see to appreciate, no trades.
Source: Cars On Line
Comments: We have our first Texas car... under the new criteria. This one is located north of Houston. It would take me about 3-4 hours to go see it. So... I am going to actually keep track of this car. I have a friend in Houston. The next time I head out that way to see him, I will see if this car is still for sale and go take a look. BTW... NADA puts this car at $9,135 - $17,115 for average to high retail, respectively. So he has it priced right if the condition is very good.