Mustangs for sale

[copterzach]

Going to Barrett Jackson in Scottsdale

[video=youtube_https;SrjkuntmkSc]https://youtu.be/SrjkuntmkSc[/video]

 

[GRADS]

Damn, I can't believe the low miles on some of those cars.:yikes I've always had a thing for the fox body Mustangs. I'm curious to see what they go for. I'd love to get a low mile 5.0 GT 87-93.

 

[jones performance]

dam, crazy how many miles are on these cars.

 

[HALLETT BOY]

Is there actually a market for those cars ? I mean Fox body ???

 

[Deja_Vu]

Mecum had a fox body convertible they had trouble getting $4k for...

 

[707dog]

ain't many teenny boppers that go to auctions that's the main market for those,they are all over sideshow videos so not sure how that market works

 

[Cole Trickle]

dam, crazy how many miles are on these cars.

who knows....

As someone that has owned and buitl a fox body for the drag strip I can tell you that's about all there good for...lol

Maybe looking to cash in on the TV fame part of it?

 

[Ziggy]

Going to Barrett Jackson in Scottsdale

[video=youtube_https;SrjkuntmkSc]https://youtu.be/SrjkuntmkSc[/video]

Oh geez, I figured a post from a Texan would have been the four legged kind of Mustangs
.
.
No doubt, Dennis has got a fine collection of 'Stangs...it will be interesting to see how much they bring:thumbup: My guess he's unloading now while they can still fetch some good money.

 

[prosthogod]

Looks like I'm going to BJ next wednesday am. Nice mustangs for cheap.

 

[Taboma]

What kind of reasonable restoration would be required for a vehicle like those that have essentially sat idle for so many years ? I'd imagine even with climate controlled environment (Not sure if that's the case here) don't the engine seals, rubber bushings, etc. flatten and harden with age ?

 

[GRADS]

What kind of reasonable restoration would be required for a vehicle like those that have essentially sat idle for so many years ? I'd imagine even with climate controlled environment (Not sure if that's the case here) don't the engine seals, rubber bushings, etc. flatten and harden with age ?

I guess we'll find out because don't they actually have to drive across the block?

 

[LargeOrangeFont]

That SVO will go for a lot (relatively) I bet. That is the best one of the bunch.

 

[thetub]

That SVO will go for a lot (relatively) I bet. That is the best one of the bunch.

thats what I was thinking...

 

[LargeOrangeFont]

What kind of reasonable restoration would be required for a vehicle like those that have essentially sat idle for so many years ? I'd imagine even with climate controlled environment (Not sure if that's the case here) don't the engine seals, rubber bushings, etc. flatten and harden with age ?

Probably fluids and it will be fine. Bad gas clogging up the fuel system is your biggest worry. In a climate controlled garage all the rubber will last a lifetime. That's not to say it wont have a couple problems if you tried to drive it.. but no one is going to buy those cars to drive them.

 

[PVHCA]

guys got more money then brains

 

[GRADS]

Here's what dudes Mustangs sold for.....

 

[Cole Trickle]

crazy that the 89 hatch sold for more than the svo.....

That's an ass load of $$$ for some what I would call not that special of cars...lol

 

[ChevelleSB406]

crazy that the notch sold for more than the svo.....

That's an ass load of $$$ for some what I would call not that special of cars...lol

what about that 89 hatch? :eek Don't get me wrong, that's what I would pick, but it would get a 331 with a procharger kind of deal, not the collectible route.

 

[Cole Trickle]

what about that 89 hatch? :eek Don't get me wrong, that's what I would pick, but it would get a 331 with a procharger kind of deal, not the collectible route.

Thats the one I was talking about...thats insane $$$

I would pick that of the bunch but go 416ci ls3 with a big single turbo

 

[Taboma]

Two questions for those in the know.

I noticed several of these are "Title reads mileage exempt" which I understand is legal, but since low or almost no miles is the big $$$ draw, why is the seller exempting it ??


When you purchase one of these "Classics" for huge $$ compared to any book value, which amount are you paying sales tax on ? (Assuming you're going to register it in a state that requires it). I realize many of these cars get re-sold before they ever get re-registered.

 

[Taboma]

Thats the one I was talking about...thats insane $$$

I would pick that of the bunch but go 416ci ls3 with a big single turbo

Congratulations, now your $ 71,500 car is worth $ 15K, if that :eek

 

[Motor Boater]

crazy that the notch sold for more than the svo.....

That's an ass load of $$$ for some what I would call not that special of cars...lol

This is barrett so all normalcy goes out the window. You will find so many guys that wanted one of those cars really badly when they were new but couldn't afford one. Now they can afford it and this is a once in a lifetime chance to buy a new one.

I live down the street so I go every year. Sometimes a guy will buy a car for say 100K and bring it back the next year and sell it back and it only brings 60K. There is no consistency.

 

[ChevelleSB406]

Thats the one I was talking about...thats insane $$$

I would pick that of the bunch but go 416ci ls3 with a big single turbo

Sorry, doing my 2017 financial forecasting at work on the other monitor, too many numbers. I had an 88 hatch 5 speed, loved it, but I am a chevy guy, I always dream of taking an iroc and making it perform with a turbo LS, and of course a duramax 90's dually parked next to it, the dumb shit I would do with baller money :thumbsup

 

[LargeOrangeFont]

Two questions for those in the know.

I noticed several of these are "Title reads mileage exempt" which I understand is legal, but since low or almost no miles is the big $$$ draw, why is the seller exempting it ??


When you purchase one of these "Classics" for huge $$ compared to any book value, which amount are you paying sales tax on ? (Assuming you're going to register it in a state that requires it). I realize many of these cars get re-sold before they ever get re-registered.

You'd pay taxes on the sale price. Since these cars will never see a road, there is no reason to register it and no real effective way to pay sales tax on it. You can insure anything, regardless of registration.

The exempt mileage is for cars ten years or older in most states. These old Mustangs only had a 5 digit odometers, so there is no real way of verifying mileage. A car with 180 miles could have 100180 miles, but the odometer rolled over.

 

[LargeOrangeFont]

crazy that the 89 hatch sold for more than the svo.....

That's an ass load of $$$ for some what I would call not that special of cars...lol

Yea.. I am surprised it went for that much. I am also surprised how much the '99 35 anniversary car went for.

Also $82K for the green and white convertible is crazy!

 

[Taboma]

You'd pay taxes on the sale price. Since these cars will never see a road, there is no reason to register it and no real effective way to pay sales tax on it. You can insure anything, regardless of registration.

The exempt mileage is for cars ten years or older in most states. These old Mustangs only had a 5 digit odometers, so there is no real way of verifying mileage. A car with 180 miles could have 100180 miles, but the odometer rolled over.

When you're paying huge bucks simply due to the almost no miles, do they provide some sworn declaration, some kind of verification ?

 

[machinist68]

Looks like Dennis has more brains than I thought he had:fsakes

 

[LargeOrangeFont]

When you're paying huge bucks simply due to the almost no miles, do they provide some sworn declaration, some kind of verification ?

Nope, not typically.

With that low of miles there are easy ways to tell. Date codes on the tires, battery, general condition of everything. Small details like hose clamps as well. Many of that stuff is designed for a one time use, and there will be marking on it if they have been removed or messed with. Something with that low of mileage will look absolutely perfect inside and out.

Each model of car has specific markings and pre dealer prep that you can research and see if that jives with the presentation of the car.

 

[Cole Trickle]

Yea.. I am surprised it went for that much. I am also surprised how much the '99 35 anniversary car went for.

Also $82K for the green and white convertible is crazy!

Yeah....I don't really get the 99 GT price. Those cars were pretty much junk and slow when new so I just don't get it. I could see a terminator with zero miles bringing some cash but don't really understand the 35th.

I had a friend that was bat shit crazy about the 7 up cars...I never got it

 

[Cole Trickle]

Sorry, doing my 2017 financial forecasting at work on the other monitor, too many numbers. I had an 88 hatch 5 speed, loved it, but I am a chevy guy, I always dream of taking an iroc and making it perform with a turbo LS, and of course a duramax 90's dually parked next to it, the dumb shit I would do with baller money :thumbsup

had a 90 no options 5 speed no options notch that I built just for the strip...

It wasn't a good car but it was fast as shit with minor boltons and a 125 shot....lol

 

[SHEP]

So he got $391,050 for all his cars, is that right? Take out the fee for Barret, the original cost of the cars, the cost of storing/maintaining them for 20-30 years and how much did he really make? If you're not driving them I'm guess you're either keeping them for investment or a car nut who loves Mustangs.

Am I missing something? Seems you could make a lot more money investing that money elsewhere if that was the purpose of him buying them and not driving them.

SHEP

 

[LargeOrangeFont]

Yeah....I don't really get the 99 GT price. Those cars were pretty much junk and slow when new so I just don't get it. I could see a terminator with zero miles bringing some cash but don't really understand the 35th.

I had a friend that was bat shit crazy about the 7 up cars...I never got it

I think this was all speculation on the 99... I think the only way to make money on "modern" cars is to basically have them in the wrapper with 0 miles. They simply make too many specialty/performance models now, and so many people keep them in the garage with "lowish" miles.

If someone showed up with a 95 Turbo Supra in the wrapper like this it would probably bring $150K.

 

[LargeOrangeFont]

So he got $391,050 for all his cars, is that right? Take out the fee for Barret, the original cost of the cars, the cost of storing/maintaining them for 20-30 years and how much did he really make? If you're not driving them I'm guess you're either keeping them for investment or a car nut who loves Mustangs.

Am I missing something? Seems you could make a lot more money investing that money elsewhere if that was the purpose of him buying them and not driving them.

SHEP

He did not buy those new and keep them for 20-30 years. he bought them to sit on them until the value went up and sold them. I'll bet he has had all of those less than 10 years, and doubled his money on most of them, and probably more than double on a couple of them. 5-6 years ago I'll bet those cars would have gone for mid $20Ks

The bad thing is that now everyone with a beat down fox body wants more money for it.

 

[ChevelleSB406]

had a 90 no options 5 speed no options notch that I built just for the strip...

It wasn't a good car but it was fast as shit with minor boltons and a 125 shot....lol

I always had the chevelle so that is the one that saw the track time. Mine was a fun street cruiser to surprise some hondas and guys with hot rods that hadn't heard of stall converters or gears yet. I used to love bombing it around the OHV in Johnson valley, man my mustang friends hated that. Fox bodies, IROC's, 90's chevy duallys, and 94-96 impalas, the random cars I want because they were the coolest shit to me when I was sixteen in the mid 90's, however, modern LS architecture and all that good stuff under the hood. :thumbsup

 

[Bobby V]

http://www.gasmonkeygarage.com/six-...ld-record-at-barrett-jackson-scottsdale-2017/

 

[Motor Boater]

The bad thing is that now everyone with a beat down fox body wants more money for it.

THIS!!! If u have a little time take a look at the Phoenix Craigslist this week. Every
Knuckle head with an older car has them advertised for crazy money! Values will be a shit show for months.

 

[Cray Paper]

Looks like the arch rivals of the Fox Body Mustangs are doing well also.

http://www.barrett-jackson.com/Events/Event/Details/1990-CHEVROLET-CAMARO-IROC-Z-COUPE-96400


Interesting story on this one. http://www.barrett-jackson.com/Events/Event/Details/1986-CHEVROLET-CAMARO-IROC-Z/28-COUPE-96638

Not an F body, but fun little toy that was bad ass in it's day. http://www.barrett-jackson.com/Events/Event/Details/1991-GMC-SYCLONE-PICKUP-200595

Not a bad price for a unmolested GN....http://www.barrett-jackson.com/Events/Event/Details/1987-BUICK-GRAND-NATIONAL--201575

 

[GRADS]

I bet you Dennis has one hell of a garage!:thumbsup

 

[Bobby V]

I bet you Dennis has one hell of a garage!:thumbsup

I read he is worth 20 million. Not sure how accurate the link is.

 

[RitcheyRch]

I'd take the GN and Syclone.

Looks like the arch rivals of the Fox Body Mustangs are doing well also.

http://www.barrett-jackson.com/Events/Event/Details/1990-CHEVROLET-CAMARO-IROC-Z-COUPE-96400


Interesting story on this one. http://www.barrett-jackson.com/Events/Event/Details/1986-CHEVROLET-CAMARO-IROC-Z/28-COUPE-96638

Not an F body, but fun little toy that was bad ass in it's day. http://www.barrett-jackson.com/Events/Event/Details/1991-GMC-SYCLONE-PICKUP-200595

Not a bad price for a unmolested GN....http://www.barrett-jackson.com/Events/Event/Details/1987-BUICK-GRAND-NATIONAL--201575

 

[Old Texan]

Dennis got insane money for his cars for sure......

From my observations, the Mustangs of this era tend to be way overpriced, but what was paid at auction contradicts that thought.:eek

There are a lot of the cars out there and to this point it wasn't hard to find a good deal, but as mentioned this one event may drive prices to stupid levels that I feel will correct themselves leaving lots of folks crazy upside down trying to find the right buyer with deep pockets.

Like all cars, you damned well know how to distinguish which models are special and have a chance of maintaining value. More often than not, most folks don't and end up with a wannabe classic:skull

 

[LargeOrangeFont]

I take all these auctions with a grain of salt. The auction houses are there to inflate the prices of all cars as much as possible, so you will hear phrases like "world record prices" and "new market trends". They eat stuff like this up because it gets people to flood the market with these 30 year old "in the wrapper" cars (or whatever the trend is) over the next couple years and then prices will settle back down, albeit still higher than they were a couple years ago, but not this high.

The same thing happened with hemi power Mopar cars. Prices went up, people restored their junk cars and flooded the market, prices dropped.
The same thing is happening with Porsches now.

Dennis seems like a smart dude, and I think he saw an opportunity to set a trend, and people paid a premium. We are still another 30+ years away from a barn find original fox body being worth any real money

 

[Sharp Shooter]

crazy that the 89 hatch sold for more than the svo.....

Not to me it wasn't...

That's an ass load of $$$ for some what I would call not that special of cars...lol

The super low mileage was the key here. Almost any car with practically no miles will fetch some money.

 

[LargeOrangeFont]

Not to me it wasn't...

The super low mileage was the key here. Almost any car with practically no miles will fetch some money.

I'd argue this was more than "some".

 

[Cole Trickle]

Not to me it wasn't...



The super low mileage was the key here. Almost any car with practically no miles will fetch some money.

89 hatch isn't that special of a car....

There was only like 1500 85 svo's made as it was a limited production car. There was closer to 25K LX hatch backs made.

 

[LargeOrangeFont]

89 hatch isn't that special of a car....

There was only like 1500 85 svo's made as it was a limited production car. There was closer to 25K LX hatch backs made.

I bet if there is a 5.0 notch pursuit package car somewhere in the wrapper or with extremely low miles it would go for a TON. If it does exist.. the price just went up on it LOL.

When I had my 04 Terminator there were a few guys on the boards that had wrapper Cobra Rs of the 93, 95, and 2000 variety. Perhaps their time has finally come.

 

[Sharp Shooter]

89 hatch isn't that special of a car....

There was only like 1500 85 svo's made as it was a limited production car. There was closer to 25K LX hatch backs made.

Traditionally, muscle car values have been dictated by both rarity and "born with" horsepower ratings. The fastest cars bring in the most money. Sure, they only made a couple thousand SVO's in 85, but I doubt the 4 banger under the hood helps it's value. They certainly weren't quick back in the day.

The best fox body mustangs were the 93 Cobra's and Saleen mustangs. A 5 speed, 3.08 geared LX 5.0 was the best bang for the buck back then, just like the 55 chevy was in it's day. I believe this adds value to them.

 

[oldschool]

I don't understand why someone would buy a plain Jane 89 Mustang for that kind of money when you can buy a new GT for $31,900. Unless, that's the missing piece of your Mustang collection puzzle or you tapped your first piece of ass in one.

 

[Sharp Shooter]

I don't understand why someone would buy a plain Jane 89 Mustang for that kind of money when you can buy a new GT for $31,900. Unless, that's the missing piece of your Mustang collection puzzle or you tapped your first piece of ass in one.

Maybe for investment potential...? If it's not driven it might be worth a lot more in 10 years.

 

[oldschool]

Maybe for investment potential...? If it's not driven it might be worth a lot more in 10 years.

Apparently, that strategy worked on the 89. I just don't see it, but there's a lot of shit I don't understand. I could have held on to my 70 Mustang for a hundred years and it wouldn't be worth anything.