Need Advice - 356 Purchase
09-10-2004, 06:54 PM
#1
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Need Advice - 356 Purchase
Hello,
I have found a potential purchase....
Does anyone know this car or seller in Oklahoma City?
With the engine work - does it hurt the value?
What is fair market price on a car like this?
I have been told $26K in receipts on a restoration that was completed 4 months ago and less than 1,000 miles. 2 Areas of rust in the floorpans that were patched. All numbers match and the car spent its life in Tulsa (2 owners).
http://www.hemmings.com/index.cfm/fu...ail/id/2120715
Any feedback or guidance is appreciated?
I have found a potential purchase....
Does anyone know this car or seller in Oklahoma City?
With the engine work - does it hurt the value?
What is fair market price on a car like this?
I have been told $26K in receipts on a restoration that was completed 4 months ago and less than 1,000 miles. 2 Areas of rust in the floorpans that were patched. All numbers match and the car spent its life in Tulsa (2 owners).
http://www.hemmings.com/index.cfm/fu...ail/id/2120715
Any feedback or guidance is appreciated?
09-13-2004, 05:27 PM
#3
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I'm not one to judge 356 values these days, they all seem too expensive to me. I paid $5000 for my 65C in 2001 (but it needed 10K or work), and $14000 for a nice 356A with a 912 engine this year...
So the above seems a tad expensive to me, but not out of line with recent sale prices...
This car indeed looks nice. If the restoration was indeed a good one then it's probably worth close to that. Though - and I don't just mean this car - just because someone spent $26K in a resto does not mean the car is worth that. It's impossible to not be upside down on the restoration of a standard coupé. The 912 engine does hurt the value a bit, in that price range I'd expect a fully original car - perfect & number matching stock coupé - but, from experience with my ex-stock C and now a 57 with a 912 engine, the added power of the 912 also increases the fun tremendously, so it's up to you...
"IF" you were looking for that color and a souped up engine and nothing to do on the car, why not, asssuming this is a nice restoration. I'll take a chance at abuse and say it still seems a bit pricey to me, but what do I know ! I am just cheap I guess... Personally I enjoy tinkering with old 356s as much as driving them, so I'd buy a decent driver for $15K or less and make it how "I "like for less money, assuming some mechanical ability...
So the above seems a tad expensive to me, but not out of line with recent sale prices...
This car indeed looks nice. If the restoration was indeed a good one then it's probably worth close to that. Though - and I don't just mean this car - just because someone spent $26K in a resto does not mean the car is worth that. It's impossible to not be upside down on the restoration of a standard coupé. The 912 engine does hurt the value a bit, in that price range I'd expect a fully original car - perfect & number matching stock coupé - but, from experience with my ex-stock C and now a 57 with a 912 engine, the added power of the 912 also increases the fun tremendously, so it's up to you...
"IF" you were looking for that color and a souped up engine and nothing to do on the car, why not, asssuming this is a nice restoration. I'll take a chance at abuse and say it still seems a bit pricey to me, but what do I know ! I am just cheap I guess... Personally I enjoy tinkering with old 356s as much as driving them, so I'd buy a decent driver for $15K or less and make it how "I "like for less money, assuming some mechanical ability...