What's it Worth I need help with a reasonable valuation

[plymouth67]

Of course the car is upside down. The build was a labor of love and no one expects to get their actual money out of it. I'm trying to find out a reasonable valuation for the car with all of the new parts and everything restored as it is.

I get it but, the next person has to look at it that way. They are going to look at the amount of money they need to finish it or, at least that's how I look at these types of cars. Having one blown apart that far is always a tough sale.

 

[Fran Blacker]

The loss for the seller is tough to take. Just look at the Roach thread on how many hours he spent assembling his Charger. Look at the shop rate to do that.

 

[plymouth67]

I agree, if you are doing it to flip forget it. If you want something for yourself to enjoy and keep it doesn’t really matter how much it is worth in the end. Not a good idea as a money making investment. I am fortunate enough to be able to finish the car, hopefully drive it. It won’t have any bearing on our lifestyle or finances. I will just make sure it is accurately insured.

I also have the tools and knowledge to do every bit of that work myself but, try not to buy cars that far taken apart.

 

[440 4 speed]

There is close to 100 hours just in body and paint if your doing right. That's not putting in the floors, searching for all the missing parts...lots of hours left. If you take that shell to a good body shop that specializes in restoration type work your looking at around 25k to get floors in and painted. I feel like your buddy is in over his head financially on this car. Those 66-67 Chargers are a car that you better love if your gonna restore because, your gonna be stuck with it, unless you take a big hit on it.

If it is for himself, why would he be stuck with it?

 

[fakirone]

We've got 8 cars on lifts now and I'm personally in the middle of building 3 bikes.

Also, I don't really care for muscle cars, or I would.

Not to mention, I'm super busy with my personal cars. I'm working process of restoring a 1976 Chrysler New Yorker, a 1968 Dodge A100 Custom Sportsman, and I have a 1964 Ford Galaxie 500 one owner car sitting in my driveway.

 

[WileE]

Opinion, $15k

 

[plymouth67]

If it is for himself, why would he be stuck with it?

IF it was for himself he is not but, this car in question is no longer for himself. The owner would be stuck with it if they ever wanted to sell it and had a thought of trying to recoup the investment.

 

[plymouth67]

Opinion, $15k

I was thinking around that at top dollar. Sure, there are some restored pieces and, "all" the parts are tagged and bagged but, the drivetrain to anybody looking at it had to be assumed of needing freshened up and then there is paint and body.

 

[fakirone]

I agree, if you are doing it to flip forget it. If you want something for yourself to enjoy and keep it doesn’t really matter how much it is worth in the end. Not a good idea as a money making investment. I am fortunate enough to be able to finish the car, hopefully drive it. It won’t have any bearing on our lifestyle or finances. I will just make sure it is accurately insured.

Again, just looking for a guesstimate as to value as sits.

 

[fakirone]

I was thinking around that at top dollar. Sure, there are some restored pieces and, "all" the parts are tagged and bagged but, the drivetrain to anybody looking at it had to be assumed of needing freshened up and then there is paint and body.

Almost everything is restored, not some. The parts and work list is crazy. Motor is good, was fresher up and driven prior to the car coming in for full restoration.
Almost everything is new or restored, literally.

Floors, paint, reassemble. Drive.

 

[BSB67]

The right person with the right skills (I.e. a guy the loves that car, and can do the work himself) you might get 25k. But I think that guy is a needle in a haystack and you’ll be waiting for awhile. I think he would want to personally inventory everything or contract guarantee on completeness of all parts.

I think the flip-it market will be under 20K.

Curious:
Did you do the work to this point? Is it titled? Where is the car now? Does the owner owe you for services not paid?

If what you say is true, either the owner, or someone else he hires can make that car a driver in a month. Right? Why wouldn’t he do that? All the heavy lifting is done.

 

[eldubb440]

new floor pan can be installed in a day from this point

 

[YY1]

IMO cherry picking high value parts to sell individually might result in quite a bit more than selling the whole package.

That's playing the "sum of the parts is worth less than the whole" issue.

...and unfortunately in this case, WAY less.

 

[1KoolBee]

$70 grand in receipts tells me he got bent over pretty good, or it was a total disaster from the start. $20k tops if you plan to keep it. Forget about selling for profit ever. I’d recommend finding a clean runner or fully restored car.

 

[RemCharger]

There's alot more to putting these cars together than say slapping a 68 runner together. But very nice car/ project. If I was one of those excess cash guys.. I'd consider it

On a side note, looks like it's a 12/66 -1/67 car due to the factory incorrect dash mounting holes

 

[#41]

Hard to imagine where the $70k went, but it's possible when you go nuts on stuff. Unfortunately, 66-67 Chargers just don't bring the bucks. You can buy a nice driver for less than half of what is invested so far.

I think you are looking at a max of $20k, and that is for someone someone who would go through all the boxes and really spend the time too see the value in the restored parts. If it were mine and was giving up on it, to improve the sales price and widen the buyer pool, I would weld in the floors and assemble it as much as possible.

 

[YY1]

Almost everything is restored, not some. The parts and work list is crazy. Motor is good, was fresher up and driven prior to the car coming in for full restoration.
Almost everything is new or restored, literally.

Floors, paint, reassemble. Drive.

None of that changes the fact that a solid car that came with the same engine from the factory, and with good paint can be had for half or less than half of the stated cost of the parts that are included with the package.

That is an incredible hurdle.

I think, similar to what has been previously stated- ask 18, accept 13 or hold out for 15.

I get it, losing 55K is hard to swallow.

 

[fakirone]

Hard to imagine where the $70k went, but it's possible when you go nuts on stuff. Unfortunately, 66-67 Chargers just don't bring the bucks. You can buy a nice driver for less than half of what is invested so far.

I think you are looking at a max of $20k, and that is for someone someone who would go through all the boxes and really spend the time too see the value in the restored parts. If it were mine and was giving up on it, to improve the sales price and widen the buyer pool, I would weld in the floors and assemble it as much as possible.

Not when you read the build sheet. Literally everything is new and or restored. It's a very long list.

 

[RR Fan Dan]

No offense, but there isn't "hundreds" of hours left.

Yes, there's a reasonable amount of work, but all of the heavy lifting is done. Some fab, floors, paint, assemble.

I'd just do it at the shop if we didn't have 10 cars apart and in the middle of 3 bikes too.

$15k tops. Finishing the car I would estimate at $40k if I had to have a shop do it, and I would cause I don’t do paint. That still puts the car around $55k finished which I could buy a nice finished one for that but wouldn’t know exactly what I’m getting. There is a lot of time and money spent putting a car together once the body work is done. A lot of things nickel and dime you to death. Especially trim parts and accessories.

 

[fakirone]

$15k tops. Finishing the car I would estimate at $40k if I had to have a shop do it, and I would cause I don’t do paint. That still puts the car around $55k finished which I could buy a nice finished one for that but wouldn’t know exactly what I’m getting. There is a lot of time and money spent putting a car together once the body work is done. A lot of things nickel and dime you to death. Especially trim parts and accessories.

There are zero missing parts or accessories. It's the total opposite. All of the parts and accessories are accounted for and been restored or refurbished. All of the nickel and diming has been done as well as all of the heavy lifting.

Also, I'm very familiar with the work it takes to finish a car and put it together. I work at a custom car shop and build custom cars and Harleys