Really?
- Thread starter skyman51
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moper
Well-Known Member
So you bought it through a broker, probably overpaid, and are now unhappy? The '66-'67 cars are not the most valuable, nor were they ever. That's just market fact. I would place a value on the enjoyment it gave you and decide to keep or sell it for what the world thinks its worth. Because in terms of the value of the car, your opinion doesn't mean much until the decision is to sell or not to sell.
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wannadrag
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X2
Lefty71
Well-Known Member
I regret passing up every 71 big block Cuda I could have grabbed in the 80's..... I cant even wrap my head around passing up the opportunity at a '71 HemiCuda, ever.....
Dragon Slayer
Well-Known Member
Recent auto article stated modern Muscle cars sales down about 15% per year last 2 years and already down 10% this year. 3 years of downward sales on modern muscle. $30-$40K cars. Dynamics are changing in my opinion, more supply from older estates, and less demand for certain cars, and the Early 60s cars fall in that category.
One mistake your making, leaving it to your family to sell. They will get about $60K if they aren't forced to sell for other reasons like moving, storage, medical, taxes etc.
I have been to estate sales and you lose if sold that way. Trust me the guy offering you 80K now, won't pay your wife $80K. Offer will go down automatically. You would be better off scraping it, and having the satisfaction no one else will ever own it. Or run the risk of the auction. All you lose is transportation and $1K or so depending on how it is listed if you choose not to lift the reserve.
I am interest in an early Hemi car at the right price, but I also know I will never be able to recoup my money when I need to sell it. I do not buy into the investment mentality. I may be wrong, but if I am not, I can't afford or want to afford buying a 67 hemi and loosing $50K in 5 years. Would I risk 1-2K lose per year for ownership sure. But a large loss, nope. Might as well buy a New Porsche or Mercedes and drive the hell out of it vice have one parked and towed to a car show. Times are changing, the economy is on fire and you still can't sell it. That is an indicator in my opinion.
One mistake your making, leaving it to your family to sell. They will get about $60K if they aren't forced to sell for other reasons like moving, storage, medical, taxes etc.
I have been to estate sales and you lose if sold that way. Trust me the guy offering you 80K now, won't pay your wife $80K. Offer will go down automatically. You would be better off scraping it, and having the satisfaction no one else will ever own it. Or run the risk of the auction. All you lose is transportation and $1K or so depending on how it is listed if you choose not to lift the reserve.
I am interest in an early Hemi car at the right price, but I also know I will never be able to recoup my money when I need to sell it. I do not buy into the investment mentality. I may be wrong, but if I am not, I can't afford or want to afford buying a 67 hemi and loosing $50K in 5 years. Would I risk 1-2K lose per year for ownership sure. But a large loss, nope. Might as well buy a New Porsche or Mercedes and drive the hell out of it vice have one parked and towed to a car show. Times are changing, the economy is on fire and you still can't sell it. That is an indicator in my opinion.
440fish
Well-Known Member
You kind of lost me when the slandering of a 71 cuda' started...
Anyway, a local fella has a numbers matching beautiful 69 Hemi Superbee that he plans on unloading. The big auction houses told him to expect 85-95k.
Anyway, a local fella has a numbers matching beautiful 69 Hemi Superbee that he plans on unloading. The big auction houses told him to expect 85-95k.
moparnation74
Well-Known Member
Any chance you can pm me some specifics on your friends car? I may be interested...
Frustration
Well-Known Member
My buddy has an original '67 Hemi GTX. It's originally white with a copper interior, but it's red on the exterior now. I'd love to see photos of this car as mentioned a bunch of times already.
Sweet5ltr
Well-Known Member
Lets be honest here, you're asking $150,000 for a vehicle that is not highly desirable, even among its own community. Your emotional and sentimental value, far surpasses market value, which is common. Unfortunately, your emotional value is also tied to an extremely poor financial decision to purchase the vehicle back at an even higher cost, which in reality, the original buyer was that one-in-a-million (we all pray for) the first time around. The worst part of this story is you're now demanding a higher price, when your Goldilocks one-in-a-million buyer already gave you well above market value.
Wouldn't take much twisting on my end for the previous owner to purchase a very poor investment back from me for another $5,000. Anyone with this type of disposable income, would probably rather be driving a brand-new Corvette ZR1 or Porsche 911 GT3. At least, I would.
Potential buyers could invest in a Viper ACR or Demon, if that is the end goal, investing.
So, your response to criticism (rightful criticism) is to give the monumental task of selling the vehicle to your family after your passing, so they can receive astronomically less than you would today? Why not sell it at current market value, and enjoy the time you have with them today. Take a trip to Disney, visit another country, invest in great memories as they're one of the most valuable possessions we have in life.
Wouldn't take much twisting on my end for the previous owner to purchase a very poor investment back from me for another $5,000. Anyone with this type of disposable income, would probably rather be driving a brand-new Corvette ZR1 or Porsche 911 GT3. At least, I would.
Potential buyers could invest in a Viper ACR or Demon, if that is the end goal, investing.
So, your response to criticism (rightful criticism) is to give the monumental task of selling the vehicle to your family after your passing, so they can receive astronomically less than you would today? Why not sell it at current market value, and enjoy the time you have with them today. Take a trip to Disney, visit another country, invest in great memories as they're one of the most valuable possessions we have in life.
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Hemirunner
Well-Known Member
The problem you have is your buyer pool is shrinking. Most people are either in the position you’re in and selling or not in a position to buy a car like that even if they wanted to. I’ve seen pictures of your car. It’s incredible! But even if I had 100K+ in the bank, I have no reason to buy. The deep pocket speculators are done with muscle cars, the baby boomers are selling them off rather than buying them and the inheritances get diluted to younger people that have no interest in these cars anyway. With what Dodge is cranking out today, why buy an ancient car that is loud, ill handling and ill tempered when you can buy modern muscle that’s way nicer to drive and much faster to boot? You’d better run it through Barrett-Jackson before those fools stop over paying as well!
Hemirunner
Well-Known Member
I just bought a used Hellcat. These things make our old iron out to be like comparing today’s cell phone to an abacus!Heresy! Cast this man to the lions!
Guy I know restored a Model A in early 70's. Had trouble selling it. Finally took $15k. Asked why he had trouble selling it "Everybody that wanted one has one. GTX is still a sought after car but to get a premium price you to find that needle in a hay stack buyer.
tomlin
Well-Known Member
I believe demand for old cars, hot rods, motorcycles and custom bikes has dropped and will continue to decline. As was said earlier these new cars have massive horsepower, torque, unbelievable comfort, impecible handling. They are simply hard to beat. Many millenials see old cars as old troublesome junk. They don't want to deal with them. Generation X will be last generation to pay the big bucks. Generation X is small in comparison to other generations. Your buyer pool is small as well. Good luck on whatever choice you make. It sounds like your attached to the old girl. Keep it and find time to enjoy it or let someone else younger in your family enjoy it and respect it.
Mike67
Well-Known Member
That's a pretty nice Marlin!!!
Hemi car or not if I had the disposable income of $150k and looking to invest, I would buy a Demon/ZL1 type limited production type car. Stick it in the garage for 20- 30 years keep the miles to a minimum and cross my fingers that it would increase 3000% in value ...
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Lefty71
Well-Known Member
Agreed, but it was a little out of its league amongst these monsters.... this is what the kiddies want these days.
BTW. the Aston Martin Vulcan shown is reputed to be the first in the US. Its new, but a couple years old now. MSRP was 2.3 million, but you can buy it next time youre in Cleveland for a cool 3.4 million...
https://www.berniemoreno.com/inventory/new-2016-aston-martin-vulcan-amlvulcanxxxxxx07
patrick66
Well-Known Member
I've owned my big-block '66 Coronet since 1980 and am the second owner. I'll die owning this car, and I'm good with that. In fact, for my 60th birthday, I intend to paint the car black and install a 6.1L Hemi in it. I've owned far rarer and more valuable Mopars and others over the past 45 years, but have always babied and enjoyed my '66. Do I give a **** about what I can get for it? No. My younger son will get it when I die, whether that's next week or 25 years from now. He's a millennial who appreciates '60s cars and enjoys the opportunities he gets to drive mine.
Face it, $150K for your X ain't gonna happen, sad but true. I love the '66-'67 B-bodies far more than the "oooh, me, too!" '68-'70 B's or any E-body. Am I gonna pay out the *** for one? No.
Face it, $150K for your X ain't gonna happen, sad but true. I love the '66-'67 B-bodies far more than the "oooh, me, too!" '68-'70 B's or any E-body. Am I gonna pay out the *** for one? No.
not so famous bob
Well-Known Member
Ha, there was a ford nut that went to our chuch. He had some really cool well preserved old fords, around 50 I`m told. Someone offered him $50,000 for a 40 ford convertable that was in new shape 'totally." He stated that it wasn`t enough money for that car.
HE passed away later, and the car sold for $17,500 in an auction held by his wife and sons, "I`m told."
I didn`t go to the auction, would have if I`d known just to look, not a ford fan at all !
steve from staten island
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Hold on to your car if you can financially afford to Mr. Skyman. While i think prices of high end cars such as your rise up and down, I'm sure its well into the six figure range. I hope your feeling better and are able to take and enjoy the occasional ride in your GTX
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