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Author Topic: It may be a Florida car, but....it'll need a lot of help!  (Read 282 times)

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Offline Dtmix

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It may be a Florida car, but....it'll need a lot of help!
« on: April 08, 2021, 03:55:28 PM »
This ad was in the Auto-Trader, and I do not know the car or the seller. This 1975 Pinto Wagon is priced at 5 grand, and advertised as a "Florida Car"  Maybe it was in the Floridan swamp or left the state a long time ago.  It looks to have a lot of potential, but it'll require work to bring it back to the present!

https://classics.autotrader.com/classic-cars/1975/ford/pinto/101481244

Happy Motoring!
Dan
Happy Motoring!
Dan

Offline oldandcrotchety

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Re: It may be a Florida car, but....it'll need a lot of help!
« Reply #1 on: April 09, 2021, 07:09:15 PM »
It's in a whole lot better shape than mine was when I got it.  That being said, I wouldn't give even half the asking cost. Maybe in the range of $1500.00 to $2000.00.

Offline dga57

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Re: It may be a Florida car, but....it'll need a lot of help!
« Reply #2 on: April 10, 2021, 02:31:50 AM »
It's in a whole lot better shape than mine was when I got it.  That being said, I wouldn't give even half the asking cost. Maybe in the range of $1500.00 to $2000.00.

I agree.  It is way overpriced!

Dwayne
Pinto Car Club of America - Serving the Ford Pinto enthusiast since 1999.

Offline Wittsend

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Re: It may be a Florida car, but....it'll need a lot of help!
« Reply #3 on: April 11, 2021, 11:11:46 AM »
Unfortunately there has been a trend for a number of years where people ask double or more of the value with the attitude that, 'If it doesn't sell I'll just hold onto it.' I'll see a lot of Craigslist ads where it looks like a car has sat out abandoned in a field (junked) for 20+ years and then all of a sudden the owner (-or not the owner and no known title either!) will snap a picture and ask a ridiculous price.

I'd think a lot more cars would move to new owners and not eventually wind up in wrecking yards if realistic prices were asked. It is like when I go to yard sales. People (like me) who do this are wanting to pay no more than 20% (or less) of what something cost new. It IS the reason we shop yard sales. There are of course exceptions, but few. Price the item right and there should be a buyer (plaid furniture and amber glassed lighting excluded).

Offline Dtmix

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Re: It may be a Florida car, but....it'll need a lot of help!
« Reply #4 on: April 12, 2021, 09:16:22 AM »
I concur...mine was priced less than this advertised car, and was in a better shape. It took me nearly two years to find one, as I needed to have some money left over to do the restoration and repairs.  Most are priced at levels that I wouldn't be able to do anything with the car once I owned it. If the car is in concours condition, of course it should demand a higher asking price, as where would you find another?  However, most cars I have seen are like this ad or worse.

As we all are well aware, we have spend more on the car than the initial price of the car with our restoration projects or repairs. It is important that the seller keeps that in mind when selling...and naturally the buyer has to realize that you are not necessarily going to regain all of the money invested in the restoration or project. That is why I tell people to buy what they love or like and not to be focused on the investment returns.  Investment cars tend to be those you are not able to drive or even afford.  I have nothing against investment cars, as I love to view them and ride in them, and would drive one if an opportunity afforded itself...LOL.  I actually have a bucket list for a couple of cars, but it is most likely that I will wait until I am fully retired before jumping on the bandwagon!  It's more fun to drive an investment car than it is a 401k...chuckli ng...

Happy Motoring!
Dan
Happy Motoring!
Dan

Offline dga57

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Re: It may be a Florida car, but....it'll need a lot of help!
« Reply #5 on: April 12, 2021, 09:37:29 AM »
I concur...mine was priced less than this advertised car, and was in a better shape. It took me nearly two years to find one, as I needed to have some money left over to do the restoration and repairs.  Most are priced at levels that I wouldn't be able to do anything with the car once I owned it. If the car is in concours condition, of course it should demand a higher asking price, as where would you find another?  However, most cars I have seen are like this ad or worse.

As we all are well aware, we have spend more on the car than the initial price of the car with our restoration projects or repairs. It is important that the seller keeps that in mind when selling...and naturally the buyer has to realize that you are not necessarily going to regain all of the money invested in the restoration or project. That is why I tell people to buy what they love or like and not to be focused on the investment returns.  Investment cars tend to be those you are not able to drive or even afford.  I have nothing against investment cars, as I love to view them and ride in them, and would drive one if an opportunity afforded itself...LOL.  I actually have a bucket list for a couple of cars, but it is most likely that I will wait until I am fully retired before jumping on the bandwagon!  It's more fun to drive an investment car than it is a 401k...chuckli ng...

Happy Motoring!
Dan

I could not agree more!!!  Over the years, I have been fortunate enough to own pretty much every car I've ever aspired to with one exception: I have always wanted a four-door Lincoln Continental convertible (1961 - 1967).  I had an opportunity to purchase a relatively nice one about forty years ago but couldn't comfortably afford it at the time.  I have yet to ever own a vehicle that I didn't drive whenever I saw fit; otherwise, they aren't worth having. 

Dwayne :)
Pinto Car Club of America - Serving the Ford Pinto enthusiast since 1999.