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71 GTX worth ?

X

XMAN JR

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I know someone that has a 71 gtx 440 4spd. It had a complete resto. I should know im the one who did most of it. It has black/ salt & pepper interior, console, tape deck on the console, tinted glass, tack. Duel racing mirrors, side body stripe. They are trying to tell me that the car is only worth 35,000. That seams low to me. Are they right ?
 
Can you post some pictures?
 
it depends on a lot
what documentation?
build sheet?
fender tag ?
numbers matching motor? trans?
condition??
original type car or resto mod ?
condition?
too many variables to give a honest answer
need more info
 
There's a difference between value and selling price. I still see lots of these for sale for the mid-$40k's to mid-$50k's, but they aren't selling. Probably because those prices are based on what they saw some car sell at auction for. A lot of cars in the $30k's aren't selling either.

I would price a basic 440/4-spd car at about $25k if they want someone to actually buy it.
 
The car isn't for sell. They had a local guy prass it for insurance. There is a lot of options. There is 2 fender tags.

008.JPG 009.JPG 010.JPG 011.JPG
 
I would go $40,000 for insurance purposes. It would be higher if it had an Air Grabber hood.
 
Insurance value versus retail sale value are two completely different things.

Insurance value for coverage by value appraises the car on what it would take to restore your car to the condition it was in based on the appraisers rating of the cars originality, options, value, mechanical condition, and appearance plus cost of purchasing another car if a total loss.
Resale value is based on market conditions and average price of similar optioned and condition cars that have sold.

Most are very far apart as is my situation, there is no way I would get even close to the insurance value if I sold.
 
When it comes to the wheels I think that is the code on the fender tag. Im not 100% Before my uncle died he said that is what is suppose to be on it.
 
Hagerty thinks that car is closer to $50k. I think $40-45k is realistic.

Three ways to value a car:
- Hagerty Valuation Tools - free
- past auction results - typically free
- go try to buy that car right now and see what you come up with, comps - free

If you do that exercise you'll figure out real quick what it worth.
 
gk6
very nice looking car
if the motor matches I feel 50k isn't out of the question
 
Bruzilla said:
There's a difference between value and selling price. I still see lots of these for sale for the mid-$40k's to mid-$50k's, but they aren't selling. Probably because those prices are based on what they saw some car sell at auction for. A lot of cars in the $30k's aren't selling either.

I would price a basic 440/4-spd car at about $25k if they want someone to actually buy it.
Click to expand...

$25K seems a touch low to me but then these fuselage b-bodies don't command anywhere near the money of the 70-earlier cars. I'd pay $30K for the car pictured and feel good about it but not much (if any) more.

A restored yellow 1971 GTX V-Code 440-6BBL car with an air-grabber sold at Barrett-Jackson Florida recently for $38,500 so there you are.
 
69L48Z27 said:
Hagerty thinks that car is closer to $50k. I think $40-45k is realistic.

Three ways to value a car:
- Hagerty Valuation Tools - free
- past auction results - typically free
- go try to buy that car right now and see what you come up with, comps - free

If you do that exercise you'll figure out real quick what it worth.
Click to expand...
Yeah... Haggerty told me my 74 Roadrunner was worth $30k instead of the $8k I knew it was worth. Haggerty is in the business of selling insurance, and the higher you insure the car for the more money they make. They are not honest brokers of information.
 
DemonDave said:
$25K seems a touch low to me but then these fuselage b-bodies don't command anywhere near the money of the 70-earlier cars. I'd pay $30K for the car pictured and feel good about it but not much (if any) more.

A restored yellow 1971 GTX V-Code 440-6BBL car with an air-grabber sold at Barrett-Jackson Florida recently for $38,500 so there you are.
Click to expand...
I never use auction values for determining vehicle values. This is a lesson Richard Rawlings over at Gas Monkey never seems to figure out. He's constantly talking about how he saw a car sell at an auction for $$$$, and he thinks that sets the market and it doesn't. His last two Barrett-Jackson efforts proved the folly of this approach. He was talking about how his cars were going to bring all this money, and then they cross the block for well less than he anticipated.

The truth is that GTX you mentioned could sell for $38k at one auction, one just like it could sell for $45k at the next one, and another could sell for $25k at the next one. It all depends on who is in the room bidding.
 
My customer just sold his 72 RR/GTX 440 4-spd for around 45K. Non #'s motor but #'s tranny. Not at auction, privet sale.
 
Bruzilla said:
I never use auction values for determining vehicle values. This is a lesson Richard Rawlings over at Gas Monkey never seems to figure out. He's constantly talking about how he saw a car sell at an auction for $$$$, and he thinks that sets the market and it doesn't. His last two Barrett-Jackson efforts proved the folly of this approach. He was talking about how his cars were going to bring all this money, and then they cross the block for well less than he anticipated.

The truth is that GTX you mentioned could sell for $38k at one auction, one just like it could sell for $45k at the next one, and another could sell for $25k at the next one. It all depends on who is in the room bidding.
Click to expand...

Yup, I agree 100% with your last statement. A room full of big wallets with bigger egos attached can drive even the most mundane car through the roof... and that means nothing in the real world.
 
Bruzilla said:
I never use auction values for determining vehicle values. This is a lesson Richard Rawlings over at Gas Monkey never seems to figure out. He's constantly talking about how he saw a car sell at an auction for $$$$, and he thinks that sets the market and it doesn't. His last two Barrett-Jackson efforts proved the folly of this approach. He was talking about how his cars were going to bring all this money, and then they cross the block for well less than he anticipated.

The truth is that GTX you mentioned could sell for $38k at one auction, one just like it could sell for $45k at the next one, and another could sell for $25k at the next one. It all depends on who is in the room bidding.
Click to expand...
True, and how much they have been drinking!
 
Bruzilla said:
Yeah... Haggerty told me my 74 Roadrunner was worth $30k instead of the $8k I knew it was worth. Haggerty is in the business of selling insurance, and the higher you insure the car for the more money they make. They are not honest brokers of information.
Click to expand...
Wow that's not been my experience at all.
 
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