Sell as is or Fix then sell? Comments please.

Discussion in 'The "Other" Bench' started by buickbonehead, Sep 9, 2010.

  1. buickbonehead

    buickbonehead WOT Baby!

    This is the car my daughter drove though high school. She is now a senior in college and the cars been in storage for 3 years. She loves the car and would like to keep it but I think it's just going to deteriorate. She trying to get into medical school so she won't have funds or the time to tend to it. Kid #2 is a high school senior and doesn't have much interest in it. The question is to fix it and then sell it or just sell it. In either case I think I will be waiting for the economy to recover before it sells either way. The money will go into wedding accounts so the timing of the cash is not an issue.....at least I don't think there is a wedding in the near future.

    It is a '66 Mustang convertible, 289 2bbl, pony interior. It has blisters in the rear wheel well edges on both sides (it is a Mustang!), needs the passenger door to be replaced (look at picture) and I would also replace the top. The dash has warped from heat, there is a hole in the passenger seat, the seat backs could use replacing.

    Any comments on the route to take would be welcome. How about a $ ballpark to get the above done.

    Thanks Rick

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    Inside of passenger door.

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  2. carmantx

    carmantx Never Surrender

    Sell as is.

    It looks nice, and you can disclose the facts about the rust and issues. But it looks nice enough to be a very good driver for someone. It's not a POS. Even if you did the work yourself, I think it would be hard to recover the cost to repair the rust,, repaint, and other fixes. Around here, you would be looking at 4000 to 6000 for good rust repair and repaint.


    So, on a seperate note, what are you asking? My wife had a 67 and a 68 mustang convertibles and has always wanted another.
     
  3. buickbonehead

    buickbonehead WOT Baby!

    I'd take $13,500.

    Without question it is a sweet car. I bought it from a west Texas school teacher.

    I forgot to say, I also added disc brakes. Momma wouldn't let my daughter drive it without 'em.

    Comes with black 1966 Texas plates.

    Rick
     
  4. tlivingd

    tlivingd BIG BLOCK, THE ANTI PRIUS

    What Mark said. If it runs good and stops great sell it as is. Don't take this as an insult as I know myself if I were getting rid of my car. I would be tempted to rush it and may do a lousy repair or end up with more work than I wanted. I know it would cost more than I would get out of doing the repairs for me (paint work mainly)

    Leaving it as is, the customer knows where work will be necessary.

    BTW It is a very pretty car and I don't see you having much problem selling it.

    Although when she gets into med school, isn't it only 5-6 more yrs till she's done. Though if you were to do the repairs, THEN mothball it in a safe, dry location for 5 yrs or so it may not be deteriorated too bad except for soft parts like top. It's made it this long, I can't imagine another 5 yrs well kept would hurt it that bad.
     

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