Title: Fair price for 57 FE Fully restored Post by: brucieW on June 29, 2004, 08:55:17 PM I saw a fully restored FE Blue two tone 57 Sedan, all original. Owner was asking $9750, what is a fair price for such a car?
Title: Re: Fair price for 57 FE Fully restored Post by: RET on June 30, 2004, 12:24:57 AM Well, this has been kicked around a bit lately. The official line on any old car, car-part or accessory is:
"it's worth what someone will pay for it" However, to answer your question I don't think on the face of it the price being asked is extravagant, although it all depends on the quality of the restoration. Look at it this way: you couldn't do a ground-up full restoration yourself for less, even if you had a perfectly rust-free and straight vehicle to begin with. (Which doesn't exist, BTW). A full respray costs $5000+, a full set of body rubbers about $1200. By the time you get the body rust repaired and straight, get the interior up to scratch (ie $1000 for repro floor coverings, front, back and boot) plus whatever the seats and trim require, you could spend $10,000 without even trying. And that's excluding the original purchase price of the unrestored car. Of course, as I said at the beginning, the quality of the restoration is paramount. You can bodgy up a car for less than $10K. If you are not in a position to evaluate the quality of the work, get in contact with your local FE-FC Club. They may even know the car in question. Hope that helps, RET Title: Re: Fair price for 57 FE Fully restored Post by: Bruce Edgerton on June 30, 2004, 05:40:00 AM Tanks RET, it is very helpful.
Bruce |