I did not want to post on a previous discussion and take away from the original poster's discussion on the value of his car, nor put any negative spin into his honest question.
So how do we value our cars as they are or when we are looking to buy & sell them. This includes parts & pieces.
This is my opinion of course, but many of the prices asked for are not in the realm of reality. Prices have been driven up and out of reach for most of us thanks to the assorted big name auctions, specialty consignment houses and dealers, and car repair/rebuild shows that flip cars and/or let the viewers know what it cost to rebuild and the price they immediately received when they went for a drive and a passerbyer just happened to see the car and had to have it at any cost. (I wanna find one of those guys! LOL). Even the insurance companies can be thrown in here for inflating car prices.
Now yes, some cars are indeed rare and of limited production numbers or have a unique history and can be worth their weight in gold - but once restored they are like the Mona Lisa, you can't really enjoy it unless you enjoy putting it in a museum, trailer queening it to car shows & events, purchased it as a money investment (or to hide your assets from the government), or simply want bragging rights of ownership amongst your affluent and lofty friends. So if you had for example a 1 of 2 car and yours was the only one in existence, yep, it might be worth 1 million plus to some collector. But, you may have had to have had the 5 year restoration that cost $500,000 to get it there. I am not talking of these cars.
Here is an example off Craigslist in my neck of the woods. I only uploaded the 5 pics to give you and idea of the car: GTO 1965 - $4500
- This is a nice car for a full restoration.It has a 389 335 h.p. , automatic , power steering, power brakes and air conditioning.I have the rear bumper and stainless that was buried in the trunk.I think it has potential.The driver seat is rough but I found two very nice sets last nite .One set was 550 and 700 in black too.on Cleveland Ohio craigslist.I got my PHS report Monday showing it to be a gto.trades welcome
$4500???? Holy smokes. So how much money do you want to invest in bringing back a 335HP, ST-300 2-speed automatic car? The average car guy, as many of us are, would most likely not even consider a car in this shape. The pics show the visible rot, but no doubt once you got into this beauty it is just full of surprises. There are other pics showing more rusted areas.
Now if you asked me to put a value on this car, what would I say. I see this one as a parts car. IF the engine was freed up and turned over, I would put a value on it of $1800 tops (but more like $1200 would be about right), but I would need a warehouse to put all the parts after I stripped it down and hoped to sell all the parts in my lifetime to get my money back and make a profit off it.
This is just one of the many examples that come up in my area on the Craigslistings. And this is not limited to Pontiac or GTO stuff. I look at other cars, trucks, & parts as well and see nothing but overpriced junk - which has been posted in some cases for years. If you really want to know what a car or part is worth, look at the reasonable offers you may get and that is what it is worth. If you don't get an offer, your way too high and if you don't want to accept an offer, then maybe you really don't want to sell it.
Just my opinion.