What is this 65 GT K code fastback worth?

You probably have already done an estimate of what it will cost to restore the Kar to where you are happy with it. Go thru that again and make sure you haven't forgotten anything. Add that to the $30,000, if that's the price you have to pay. My guess is that is going to be at least $50,000?

What is a similar Kar worth already restored to a similar quality? Probably not more than $50,000? So, is this a good buy? I would say only if this is the Kar you really want... right model, color, interior, options. If that all adds up then buy it. One thing is that K codes have been steadily going up and should follow the path of Shelby Mustangs, to some extent at least. So you're in it $50,000, that's a lot of money but in a couple of years it hopefully will seem like a good deal.

The argument that the drive-train is worth $10,000 alone is true but not relevant. You're not going to pull the drive-train out and use or sell it separately, makes no sense. And if you did, the rest of the car certainly isn't worth $20,000 because a number of Kars missing the original drive-train have been up for sale for somewhat less.

My estimate of $15-20,000 is figuring that restoration would cost at least $25,000 (just a guess since I haven't seen the Kar, plus the fact that it always costs a lot more than the estimate) and I think a similar Kar (restored) could be bought for less than $50,000 and a person just might find one they liked better (if they wanted a different model, color, options, etc.

There is always the fear that you're letting a great deal get away. But at $30,000 I would say this is no screaming good deal, at least not right now... it well might look like it in a couple of years.

Good luck, I'm anxious to know what you decide!! <img src=images/icon_smile_big.gif border=0 align=middle>

<BLOCKQUOTE id=quote><font size=1 face="Verdana" id=quote>quote:<hr height=1 noshade id=quote>my wife thinks I'm crazy<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana" size=2 id=quote>

Yup. Totally. (Mine too.)<img src=images/icon_smile_approve.gif border=0 align=middle>

Fred, you are very lucky. If you have never seen the video on Car Crazy about Bata Mataja's house you might enjoy it.

[http://www.carcrazycentral.com/cc_tv.aspx]

I think you are smart to wait. $25,000 seems fair for the car...more than fair. It is not a sellers market.

From your description of your potential purchase, I think you should buy this kar.

In the future, 5K will seem like a small amount of extra money to have paid to obtain something that is truly rare, even though the car-buying public is slow to value it as such today.

On my kar I have spent a lot of money ($$$) restoring a rusty Unibody. It sounds like you will not need to go here because of the present condition of your unibody.

I have also spent a lot of time and money on e-bay and at Carlisle/Columbus hunting down missing k-code components for my 65 hipo because prior owners cared less about preservation and more about $$$$$$$. Don't be fooled, finding and buying correct components requires a lot of work, determination, and money. It sounds like you are way ahead here because many of the original K-code components still remain.

I have spent way more money on my kar than I ever intended too, but my car is a special kar (that is what they all say) and I am proud that I got it out of the 30-year garage sarcophagus where is sat and back onto the street. At least someone will enjoy it even if I decide to eventually sell it.

I think you are also smart to hold your ground. It wouldn't hurt still to put a pile of Franklins on the hood to show that you are ready and serious to buy now. Everybody here keeps telling you "...only 5 thousand..." That may be true, but you aren't paying $5K, you are looking at more of a 50-60K expenditure.

Now, if this was for your BRIDE, and she loves the car and the color combo - things are in a different league for you. I'd gladly fork over an extra $5K plus to see my wife happy and supportive of my passion in a Mustang, instead of buying diamond earings! I haven't seen too many nice red with white pony cars available. I'll be the first to tell you that white pony interior is absolutely awesome and chicks love it!

My first 'stang was a Rangoon red '65 vert with white interior. Classic! My current '66 has white pony interior and I get oohs and aahs all the time. That said, nobody's holding a gun to your head that won't prevent you from putting your favorite color options and equipment in whatever Mustang you choose down the road - original or not.

Edited by - 66gtk on 10/27/2007 13:15:46

I sure wouldn't let $1000 seperate me from the car of my dreams, if that's what it is to you!! Wait till someone else buys it from underneath you and see how you feel! I've been there more than once, a 65GT350, Griffith, Sunbeam Tiger, Thunderbolt, missed them all because of a few $$ difference in negoitating a price. Go for it!

Boy! don't be wasting our time if you are goin to let a grand stand between you and this car. If the car is close to you, that alone is worth a thousand dollars or more. Just my $.02 .

Larry, AKA scj coupe on the VMF

If you decide not to buy the car, please send me the contact information for the seller.

-Michael

Ricky,

Isn't this kar now on ebay? I looked at one tonight on ebay that fits your description of the kar.

After seeing it on ebay, I hold firm to my original assessment - 20-25K TOPS!! There is a lot of work to be done on this car and you will double/triple this investment quickly.

With 6 hrs left $34,300