I want to buy a Mustang (1966or67) Fastback
Its in okay condition. Nothin wrong with the body work
just might need a paint job.
It has three flatt tires.
Interior looks okay.
Im not shure about the engine though.
How much money should I offer.
What is too much and what is too low?
You need to go on Ebay and do a search for 1965-1968 Mustang Fastbacks. Look at the vehicles being offered online there and the bids being made. Alot will have minimum not met icons showing. Save these cars to your watch list and see what they end for. Make sure you only save those that match the condition of your own stang. Take an average of the car sales and you should expect to be able to make at least that much, then deduct an amount for a total you could live with and set it as your minimum price for the auction. That way your get at least what you would part with the car for. Next is make sure you take alot of really good photos of your car to go with a write up for the auction…ensure your write up covers the up sides of your stang…for instance if it has no rust point that out and have photos to back that up. Also don’t hide it may require engine or transmission work…a restorer won’t let that necessarily keep them from buying it if the body and interior is ok. Lastly, make sure you set the auction up to where shipping is on the winning bidder to secure and not yourself. Ebay should get you what your looking for as alot of folks get cars to restore there as certain vintages such as your stang are not just found anywhere on anyday. Good luck.
You might check on line with (e-baymotors.com),and see what cars like that are going for. It sounds like a good project car, which when finished could be worth $20,000 to the right buyer…but unless your into completely restoring cars, you might just fix it up and enjoy driving it for your self.
Check with Ford – for their used car prices, and there are still many used mustangs on the market at good prices.
ford.com
and then you have a starting point for negotiations.
Too much is over the resale value – according to ford.com sites, there is no too low in negotiations – HOWEVER you are dealing with “the ego” of the person on the other side of negotiations. Don’t insult them, or they will walk away from negotiations. Tell them as much of the truth as possible – you want a good price, and turn it into a win-win association for both of you!
GOD bless us always.
MBA-Boston Univ.
CPA-retired
theres too much fluctuation of prices on those mustangs to give a good answer, I have seen them going for as much as $27,500 to $6,000, find someone that knows mustangs and take them with you to look at it and get his opinion.