Why buying a serious project car doesn't make sense

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That is what you call a SCAM. A running 1969 gt350 would bring twice that.

 

I am not sure where you have been seeing these....because most shelby projects are not under $50,000.

Having said that, there are many good reasons to take a project car. Like you can do the work yourself and save some money or you want to spread out the costs over many years.

 

I don't know. I've been watching Ebay lately and the 68's, except for the KR's, and the 69's, except for convertibles, have all slid below $100,000

 

Totally agree.

 

Also, you know what is in the car when it is done. No surprises like excess body filler, improper rust repair, and spliced up wiring harnesses.

 

I might also add, that there is really no relationship between a "project" Shelby and a driver. I know that sounds counter-intuitive, but projects seem to have a a pretty constant floor price. Even though the drivers and other cars have come down, the project car prices have remained stable.

So, buying a project, might not be a great idea, because you can buy more car for the dollar right now. That is of course if you have the dollars.

 

Well, I don't have this kind of bankroll, but, there are those who buy the project, pluck out a few choice, original and/or profitable parts for their other, even more choice project, then sell the remains.

Also, there are those who never seem to have a finished car but do make money jumping on the lower priced projects in order to flip them right away.

 

a project car would be funner then none at all. I was delivering freight once at valpraiso university, and saw in the parking lot about a 1970 boss 302 mustang. I was rusty, like the daily car.

 

Here's a pretty good looking (start) of a project 1970 Shelby on e bay - Its been a few years since I have seen any "barn-finds" like this :blush: - Its getting tougher to find cars like this as the cars get older........

http://cgi.ebay.com/ebaymotors/Shel...ars_Trucks?hash=item414da68fc0#ht_2928wt_1032

 

there is the mustang ranch in indianapolis, he has some outside in yard just waiting for buyer, to have him restore....... I wonder how much it would cost to buy one and have him restore it....... he has like 66 body style and like 77 body style........if one was restored right, I wonder if it would last, not rust, even if driven much.............. probably better to buy one restored...... I want a boss 302, and the barret jackson auction may be the place, for about 50 grand or, less

 

Some folks like the build, bring a car back to life is very rewarding, giving a sense of self accomplishment. Some just like to cut the cheque. I don't think one is better than the other, just depends on what aspect of the hobby best interests you. [JMO]

 

Well, somebody needs to restore it, if only to get that Cleveland engine out of it.

http://cgi.ebay.com/ebaymotors/Shel...ars_Trucks?hash=item414da68fc0#ht_2928wt_1032