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OT (sorta) '73 S in LA, $45k?

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Old 01-15-2008, 01:26 PM
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dcdude
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Default OT (sorta) '73 S in LA, $45k?

Sounds OK, but I don't know these too well:

http://losangeles.craigslist.org/wst/car/539606910.html
Old 01-15-2008, 09:04 PM
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mck911
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seems waaaaaaaaaaay out of line. Not sure, but at first glance I would think that car would go for about $30k less....could be wrong.
Old 01-15-2008, 09:33 PM
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TomF
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WAAAY out of line... +1
Old 01-15-2008, 10:13 PM
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911C2
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The long hood cars are bringing great money these days. A T will bring wel in the 20's, an S with original motor, 45 may be a bit of a stretch but not unheard of
Old 01-15-2008, 10:26 PM
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race911
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Ummmm.........sold my '73S in '01 for $15K. Which was great money at the time. Current owner hasn't really done anything to it, and it's just a driver quality car with no issues; he turned down mid-'40's last summer.
Old 01-16-2008, 01:03 AM
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993-C4S
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sold my '73.5 T for $35k last year. Of note, the car was 100% unmolested, original, unrestored, with a/c, sunroof and S option package. Man I miss that car. I've tried to buy it back twice!!

I just saw a fully restored '73 S go for $100k at Paul Russell. www.paulrussell.com (no affiliation except that's where I originally bought my T).
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Old 01-16-2008, 10:43 AM
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RallyJon
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$45k for a decent S is a bargain! Of course, if it was a decent S, it wouldn't be on Craigslist. Probably a badly flawed car and the seller is trying to sell it to an unknowledgable buyer who only knows that longhoods are worth a fortune and appreciating fast, but doesn't know where to find all the hidden structural rust.
Old 01-16-2008, 01:59 PM
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dcdude
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Originally Posted by RallyJon
Of course, if it was a decent S, it wouldn't be on Craigslist. Probably a badly flawed car and the seller is trying to sell it to an unknowledgable buyer who only knows that longhoods are worth a fortune and appreciating fast, but doesn't know where to find all the hidden structural rust.
That is a hugely insightful comment, John! Cars, cameras, guitars...depending on what you're selling and its condition, clever sellers seem to deliberately target the enthusiasts or the newbies, but rarely both.
Old 01-16-2008, 02:05 PM
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mrbill_fl
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when did the soft window targa stop getting build? could a 73 be a soft window? they seem very desirable...

fwiw, I have a 71 T (modded for track)...early car prices have gone way up, even for T's

the early cars were very rust prone under the gas tank... and other areas..
Old 01-16-2008, 02:13 PM
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cobalt
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Originally Posted by mrbillfll
when did the soft window targa stop getting build? could a 73 be a soft window? they seem very desirable...

fwiw, I have a 71 T (modded for track)...early car prices have gone way up, even for T's

the early cars were very rust prone under the gas tank... and other areas..
I might be wrong but I believe 72 was the last year for the soft rear window. I agree the price sounds high. I have seen a few S's sell between $35k and $80k but for the most part these were excellent all original cars without rust or paint work. The $80k car was all original 2 owner car with 15k miles on it.

Based on the fact that it has unknown rust issues, high mileage a repaint and who knows what else I would price it at low to mid $20's tops depending on PPI and records. Maybe a little more for a coupe. At that price it would make a good candidate for a full bare metal restoration.
Old 01-16-2008, 07:33 PM
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The old ones are starting to go way up! There is a local one for sale that just was restored for $45k.
Old 01-16-2008, 08:27 PM
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Without knowing general condition it's impossible to know. If you wanted a very nicely restored driver quality '73S with matching numbers in stock condition it would likely cost you $75K plus. So if this car has a straight tub, normal rust, and everything is there, $45K is not completely out of line. Figure $30-35K to restore and you are at "market value". Not a deal for someone looking to make money but for someone with the money and the desire for one of these cars who CAN'T FIND ONE, not so bad.

Of course, it's all hypothetical at this point. Maybe we'll see it pop up on Pelican as a "barn find" after someone picks it up, details it and dumps a couple thousand into it before trying to resell it for $65K.
Old 01-16-2008, 08:34 PM
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race911
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It's not like $45K or whatever is really $45K to the likely buyer. All of these cars are going out of the country, anyway, with the stellar value of the US$...........
Old 01-17-2008, 10:47 AM
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Originally Posted by VNTGSPD
Without knowing general condition it's impossible to know. If you wanted a very nicely restored driver quality '73S with matching numbers in stock condition it would likely cost you $75K plus. So if this car has a straight tub, normal rust, and everything is there, $45K is not completely out of line. Figure $30-35K to restore and you are at "market value". Not a deal for someone looking to make money but for someone with the money and the desire for one of these cars who CAN'T FIND ONE, not so bad.
I agree it is impossible to know. However, I had a friend who was trying to sell one for quite some time. Decent condition general rust, although the drivers floor pan needed some attention but solid were needed, repainted a while back good from 10 feet, missing proper fuchs wheels 90k original miles, matching numbers, new suspension, sunroof coupe. Everything else interior engine etc in excellent condition seats still supple no tears brown interior, dash in A1 condition no cracks, original radio, most records including window sticker and had over 20 serious people look at it and he was lucky to get $24k for it just a few months back. Most were offering about 3k less. He was going to have it restored but all the reputable shop quoted him closer to $50k for a full bare metal restoration. A restored car will only bring big $$ if it was done properly and factory correct and $35k is not enough to restore these things using the proper paints and techniques.

There is a steep curve in pricing for cars in this condition and only the truly pristine cars or all original 8 out of 10 condition seem to be going for big $$$. Cars needing a full restoration are much less than you think.
Old 01-17-2008, 10:59 AM
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RallyJon
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Cars needing a full restoration are much less than you think.
Assuming you can find a seller who is willing to concede just how much work their car needs and is willing to discount accordingly.

It would be great if you could take the value of a perfect, fully restored car, compare it to a car for sale, make price deductions based on the differences and buy the car for that amount. Most sellers of these cars just hope for a sucker. See the recent thread about the "1000% rust free" longhood.


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