Found this one on craigslist.
Q: How much by eyeballing it is it worth?
Mild 351, A/C is not hooked up, paint is BC/CC from 2009, headlights and turn signals work, everything else works, engine, tranny, and suspension has all been rebuilt in 2011.
The owner sent me more photos which I uploaded to MY photobucket.
Please ignore the falcon, she’s mine and currently being restored.
It doesn’t look like an Eliminator to me… Putting value on a resto mod is all about the eye of the beholder. In round numbers… I’d guess it would sell for about $6500.
I think the OP realizes this is not an Eliminator. Pretty clearly its a standard coupe with some XR-7 and “Eliminator” bits thrown at it, along with some cheesy (to my eyes) aftermarket mods.
Hard to tell from the pics, but I don’t think the scoop is an actual Cougar unit. Looks more like a '79-'82 Mustang part, to me.
If it were mine, I’d get some sport mirrors, add a chin spoiler and Eliminator stripes (but not the lettering) re-chrome the bumpers, undo a few of the tackier mods, throw a jack and spare tire in the trunk and have fun with it,
I’m going to be a little more generous on value. Possibly just because I like Orange. Assuming the shiny paint isn’t hiding gallons of bondo and its in good shape mechanically, I’d say $7500.00.
Cool. Thanks for your response.
Yeah, I used the word “type” loosely and I agree. Putting a value on a resto mod IS all about how one sees it.
Yes, I was well aware it was not an Eliminator and yes I agree. “Cheesy” indeed.
If it were mine, I’d get some sport mirrors, add a chin spoiler and Eliminator stripes (but not the lettering) re-chrome the bumpers, undo a few of the tackier mods, throw a jack and spare tire in the trunk and have fun with it,
We think a lot alike.
That is precisely what I would do. I would have to get rid of and/or reupholster the seats as well. Don’t like the way they tried to be cute by matching the seats with the color of the car.
I’m going to be a little more generous on value. Possibly just because I like Orange. Assuming the shiny paint isn’t hiding gallons of bondo and its in good shape mechanically, I’d say $7500.00.
Thanks.
Supposedly, according to the person selling it, it has “120 hours block time” on the paint job. The person selling it owns a car restoration shop.
Anybody else like to chime in on the price?
I would go the more conservative route and agree with Bill’s number. When you start adding up everything that you want to change, the car gets cheaper in a hurry. If the paint really is that nice and you loved everything about the car it’s probably worth $8-9K. In my estimation there’s at least a couple thousand worth of work to make it presentable. JMHO YMMV.
Well, got an answer on the price. Drum roll please…
I was told… “that if we are talking in the low 20,000 range we can negotiate”.
I politely thanked her and picked myself up off the floor.
It’s nice to dream isn’t it?
I don’t think they are out of line with the asking price if you’re looking for a restomod and it’s as nice at it appears in the photos. While it’s not at all my taste, it appears to be of decent quality. If you love the modifications they’ve made and could get it for $16K or so, it would probably be a decent deal. You certainly couldn’t replicate the car for that amount of money. As Bill said, putting a value on a restomod is tough. If you’re buying it to restore to stock specs, you would have to get the car for somewhere under $10K in order to reverse the mods and not be upside down when you’re done.
It’s interesting you came up with 16k and precisely why I ask those in the know about these incredible automobiles. My thought was IF this car has that nice of paint job and IF it runs as nice as she leads me to believe, seeing as it is my taste I wouldn’t have a problem further south of 16k.
Could have been my error for not inquiring further as to the asking price as I have found out the general mentality when it comes to car guys is if you have it, it’s not worth anything but if they have it, it’s worth a 100 bucks. When she stated “if we are talking in the low 20k range we can negotiate” my immediate thought was she was talking about 22, 23 and that there is NO way she would come down to 11, 12.
Guess I could of talked to her more about the price and how much these cars go for generally but I felt she was so far off in the stratosphere that it would be nothing more then an exercise in futility. SEEMS to me that when one is in the actual business of restoring cars that they would know well in advance what they are asking is unreasonable. Of course, all it takes is that one buyer and that could be what they are fishing for. If it’s still around in a few month (pretty sure it will be) perhaps i’ll give her a jingle again. That is, if I myself don’t find something better and she loses a prospect altogether.
You certainly couldn’t replicate the car for that amount of money.
Precisely.
I would love to be able to get my mitts on it for the other numbers that have been used in this thread but wouldn’t mind going north of those as it would, in my mind, still be a heck of a deal as there is no way I could build it for for 16k.
This car doesn’t really fall in the restomod category, it’s just a restored car that has a few “creative” touches. There is nothing but a few cosmetics and nothing to add value save a nice paint job. And that isn’t even certain since no one has seen it in person. A true restomod such as Sean’s car adds value, albeit value that may be hard to determine. His car has a crate engine, an AOD transmission as well as other modern conveniences. It’s also done in a scheme that I would say has appeal to a much broader audience than the orange Eliminator wanna be. I have nothing against orange, though I’m pretty certain I’m in the minority. Seans asking price is $16K, and the last I knew it hasn’t sold. So $16K for the car in question here, sorry I just don’t see the value there. It makes no difference what it would cost to replicate. If that were the criteria, everyones car would be worth a lot more money.
I’d rather have the Falcon
I agree and good observation.
So $16K for the car in question here, sorry I just don’t see the value there.
I would agree with the 16K amount but I myself wouldn’t hesitate to pay 11-12 if it’s as good as she is reporting it to be for this particular car.
It makes no difference what it would cost to replicate.
I would have to part ways with you here in my particular case. I’m after a 70 for lack of a better term ‘tribute’ in orange or even possibly an original in orange.
Doesn’t make financial sense in my case to find a cat in decent shape, do the body work and paint, fix the engine, tranny, suspension so on and so forth when somebody is willing to abandon there project that I will need to do a portion of the work to get it how I want it for far less money.
LOL! Thanks.
I really love this car. I get more compliments and so many people honking and gawking at it her it’s almost embarrassing. I can’t imagine what it will be like when i’m finished restoring her.
Funny story. I was gassing up one time when a lady out of nowhere came up to me with this almost sad somber look on her face. She said “This is it! This is the car! My dad had this car when we where kids and we drove all over the place in it.”
She told me she hadn’t recalled seeing one in 25 years and asked if she could sit in it. She sat in the front, in the back, on the tailgate in the driver side. I have never seen anybody so smitten with this car as she was.
We are actually in agreement on that point as well, that statement was taken a bit out of context. What I meant was the cost to replicate the car in general is not a determining factor as far as market value is concerned. I agree with you 100% that you are financially miles ahead buying a car that someone has already done the work on. The reason being, you can almost always buy the car for significantly less than the cost of the work. Which was exactly my point, just because it costs $20,000 to restore a particular car doesn’t make it worth $20,000.
Oh. O.K., my apologies. I didn’t fully comprehend that. See my username!
And boy do I agree. I dumped an inordinate amount of money into my mustang. Although it would be considered a “restomod”, it’s nowhere near on the wild side in looks. I have had countless people say how “tastefully” done it was and I know I would be lucky to get half of what I put into it.
At best this would be classified as a poorly done Eliminator clone. It’s sort of a resto mod theme, but not a high dollar one in any case. It seems that someone spent big $$ on paint and wheels, but didn’t think to fix the cloudy and missing instrument lenses. It make you wonder what else was skipped during the restoration. Obviously done by someone who hasn’t restored a Cougar before. On the open market this would not bring close to $20K even on a good day IMO. I love the color, but this car still needs a lot of work!