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Am l making a good decision?

B

Big block

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Hello all! I have been waiting for 40 years to be able to join a forum such as this one. Why? Kids , college, work etc. You get the picture. With all that accomplished I am going to award myself with what I think is the car I was amazed with when my girlfriends dad brought home his brand new 1966 Dodge Charger. So here it goes. The car was bought at an estate sale last October for $8,000 by a very well known Mopar guru in Ohio. The car has been on blocks since 1990 and is in execellent condition body wise. This "guru" and I have been good friends for over 30 years and attend many national car shows together. He has offered to completely restore the car from bumper to bumper and everything I between for $16000. It will be an old body on new mechanics. With only 51,180 miles on the original motor and all matching numbers is this a good investment? I'm aware of the fact these aren't very desirable cars and I'm aware of the fact at my age I won't be able to maintain and enjoy it more than a few years before I will have to sell it. Will the younger generation be willing to offer me a decent return on my money? It's the 383 4bbl with a straight body and dent free chrome. Interior is like new with no signs of age.
 
Welcome! I think these G1 Chargers are desirable but to a bit of a niche market, much like my 64. IMHO, I think it might be worth more restored in its stock form. I look forward to see more knowledgeable opinions on this subject though!
Sounds like a nice find (pics please!). Good luck
 
Are you paying $16,000 or $24,000 for the car? If you're looking for the best financial investment, this isn't it. If you are looking to enjoy the car for a few years and get back most of your money when you sell, then I think you are on the right track. Thats not an unreasonable amount of money for that car. Be prepared for unforeseen expenses and do some research as to the value of similar cars. Also, what the market will be like for these cars in the future is any bodies guess. (I believe the market will continue to drop). Hope for the best and plan for the worst. I agree with Glenwood, there is a market for these cars, but it probably wouldn't be a fast sell. Good luck and have fun.
 
I think that is a very good price, like he is doing it just for the enjoyment of doing it which is cool. However even if it is between friends I would get it in writing. Is he a good friend? If he is, you might not want to go down this road if you value your friendship. Financial dealings with friend pricing often erode into someone feeling like they are getting screwed.. and then it's downhill from there. Then you are stuck trying to collect a pile of parts from your former friend's house and then figuring out what to do next. It happens, a lot.

Good Gen 1 charger is worth mid-15's. But only do it if you really really like that body style.
 
I suggest you pose this question to the guys that are into this "niche" car and thus market.


whar you have is a solid body ( d a it and I bet you find some rust to repair), sitting all these years, most all the mechanicals will need freshing/rebuilt.

I say this car falls into the buy it/restore it category because it makes you happy... don't look to get your money back when it sells. investment? not hardly.... sorry ..JMHO
 
Welcome aboard and thanks for joining the forum.
Your quote: "Will the younger generation be willing to offer me a decent return on my money?"

That question is difficult to answer and I would say: NO

Is this a reason NOT to purchase the car of your dreams?

Golly, I'm 62, I work full time for the Dept. of Defense, I have a small business and 4 homes.
Three of which are rentals.
I currently own 15 cars/trucks.

I'm in the process of restoring 2 cars right now.

If I can do it, you cam
 
I think along the same lines. If you really like the body style I would say go for it and enjoy the drive. None of us are getting any younger so as long as you aren't dumping money at the casino just do it. Of course I own a 63 Dodge which isn't the most desirable vehicle but I really like the early B bodies. It is just a matter of taste so if you like the first gen Chargers and it is as nice as you say.........go for it. Just my 2 cents worth. Good luck.
 
$16,000 complete. New parts would take too long to list, but I'll try. New gas tank to rebuilt carb with filler, lines, and filters. New master cylinder, lines, drums and shoes. New exhaust with Flowmasters. New P.S. Pump. All belts and hoses. New tires. New battery. The list goes on.
 
If you are building this for yourself, the ROI is there. If you are building it to sell then research the body styles that are getting bought for a good price and follow that lead.Very few of us build just to sell, that is left to the "flip shops" that know how to do it economically. They only but cars that are a great deal (no matter the brand) and that are hot on the market. What is your ultimate intent?
 
It sounds like a good deal if that's the car for you. Just freshen it up to drive and be safe, Oh and have some fun too! If you restore it you probably won't get your money back when you sell. You only live once and we aren't getting any younger. Good Luck and welcome to the Forum. Pictures!!!
 
$16,000 complete sounds good to me, having restored a Mopar myself that actually sounds really good. I really like that Gen but agree it's more of a niche and not the most popular but if that's what you want and it will bring you enjoyment than that's all that matters.
 
Welcome from NJ. Show us some pix of that old girl.
 
The old car hobby in general is not a good investment
If you are concerned about investing in this car
Don't
because you will be very disappointed in the end.
that car isn't a high desirable car
So you will get pennies on the dollar
When you go to sell it
 
I'm the younger generation! I would love to have a first gen charger,but I'm definitely an odd ball . $16,000 sounds fair I'm assuming it's going to be neer perfect when done you can buy very nice ones from $12-25 k theres some in the 30's but those guys really love there cars . If your looking at it investment wise your screwed . You got to figure your buying it nice and new then your going to drive the hell out of it I wouldn't pay you exactly what you paid that wouldn't make sense I would just buy a new fresh rebuilt one instead. The market is strange it comes in waves for awhile everyone hated
3 rd gen chargers then they were impossible to buy because everyone loved them then back to no one cares then expensive again now there somewhere in the middle some are way up there some you can't give away it's strange I'd say buy the car you want and enjoy it it's only money you came into this world with non you might as well enjoy yourself and leave the world with non too.
 
Welcome to the site! Running out the door for $16k? Doesn't sound to bad to me if the bodies decent. Pics would help.
 
Big block said:
$16,000 complete. New parts would take too long to list, but I'll try. New gas tank to rebuilt carb with filler, lines, and filters. New master cylinder, lines, drums and shoes. New exhaust with Flowmasters. New P.S. Pump. All belts and hoses. New tires. New battery. The list goes on.
Click to expand...


There is a 66 or 67 HEMI charger for sale in my area
I think asking price is $14,000

If I can only remember who told me this....
 
super-bee_ski said:
Golly, I'm 62, I work full time for the Dept. of Defense, I have a small business and 4 homes.
Three of which are rentals.
I currently own 15 cars/trucks.

I'm in the process of restoring 2 cars right now.

If I can do it, you cam
Click to expand...

You're my new hero!

I must be doing something wrong :cussing:
 
Welcome to FBBO from NorCal

"build it how you want it
drive it like you stole it
damn the rest who cares what others think"

good luck with the 66 Charger
 
Other than a major engine, I do everything myself. So I'm out of the loop.
But I have experience on this car.
You are paying 8K for the car?
It doesn't sound like that car needs 16K worth of parts to me.
Everything is there and in good shape?
New fuel tank isn't that much.
This particular car can be a nightmare.
If he says 16K maybe he does need that in time to do the work. IDK,
Just do a little research on the instruments.
Do they work?
Drum brakes on the front?
Might want to change that for a driver.
All in all I would not put another 16K in this car.
One big caveat. You say the body is in good shape.
That's a good thing if the car has been out of the weather because the cowls can be ticking time bombs.
 
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