Anyone else disturbed by the prices? Or is it just me?

So I'm looking for a vintage Mustang right now and I'm looking to spend around 5 grand, no prob right thats a nice sum. I should be able to find something nice for that, right? WRONG!!!!!!!! What are you people thinking????? Somebodies junk isn't gonna be someone elses gold. I have actually seen a stripped down 66 that "was" a six cylinder going for 3 grand!!!!!!?????? This is just GREED. I have also seen complete barely running 6 cylinder cars with tons of rust going for well over 2 grand! People need to wake up cause greed is what got this country into the mess it's in right now.
On that note, anyone have a nice daily driver for sale? Looking to spend around 5,000 dollars. Email me at John10603@yahoo.com send pics, price and location. Will travel for worthy car.
Thanks
John  

ok guess i'll get this started. indebt when looking for a classic your going to get what you pay for. 2 to 4 grand is about right just for something that needs to be restored. a daily driver in ok condition might cost you about 8 grand. a totally restored ground up and being all original try starting at 12 to 15 grand and up. so it's not greed it's what the car is worth to begin with. we put alot of time money and labor of love into these cars to make them look like the day they came off the showroom floor. remember it cost money to get these classics looking the way the do when they are done. so sorry to say take you 5 grand you want to spend and go find a early 90's and one day it to will be a classic  

no price is unfair or greedy "IF" someone is willing to pay it. This is what happens when something is highly sought after. One really good thing about the old mustang being very popular is all the companies that sprang up making replacement parts. Maybe 10 years from now that $4000 car will have a buyer willing to pay $20,000 for it. And we think Nordberg will still be able to play the guitar!  

Not for nothing but in another thread somebody asked if it was worth buying and restoring a rusted out six cylinder Mustang and everyones reply was no, buy something already restored. So if most people arent willing to spend 2000 dollars on a rusted out six banger why would somebody even try to sell it at that price?  

I think it all boils down to what you want, your mechanical ability, and what your budget is.  My advice would be to keep looking.  You will find the right car, it will just take a little time.  You may end up spending a little more in the long run.  On the other hand there are people out there that think they have gold when all they have is a rusted out piece of garbage and are trying to sell for a premium.  Go to car shows and swap meets and you will see this.  Just be patient and you will find the right car.  Actually, the way the economy is, it's probably a good time to be hunting for a classic that someone doesn't want to invest money in anymore.  

John, I completely agree with you more than ever.  However, the two 1940 ford deluxe coupes I sold for $55.00 back in 1962,are now selling for well over $40-50,ooo dollars each.  As far as daily drivers go, any car from the mid 70's back to whenever, are going for whatever the market will bring. And as there are more places to buy new, NOS, repro pieces, parts, etc, the vehicles are goin g to be costing more.  And never forget, there are more wealthy car buyers today, just watch Barrett-Jacksons auctions, BUT TAKE YOUR BLOOD PRESSURE MEDS FIRST!!!  

I got lucky enough to have a schrewd car buyer in my wife.  A fellow we knew cauually had partialled restored his daughter a 67 coupe in dark met. green.  It has new paint, upholstery, tires, transmission, tuneup on the 200 *** and many, many other small pieces either restored or replaced.  It did need a carb that costs a few bucks from PONY carbs, read $472.00.  But, my wife purchased the car for my 65th birthday. my first one since my  65 model was traded in 1969. She only paid $4700.00 for the car and we drove it home.  I said she was schrewd!!
the man's daughter wanted something good, but new.  She got a chevy cavalier!!!       my car photo is located on jb1rd's profile.  I truly wish you good hunting, the bargains are there, but finding them!!!!!!  
jb1rd  

a lotta classic cars are sold over seas to japan and austrailia and the austrailians pay big bucks for stangs. about 15 years ago i knew a guy that could get about 5 times more for a mustang in austrailia and that is what he did , bought and sold mustangs , i remember he had sold over 100 over seas and of course this is what drives the price up along with investers wanting a classic only to make money off of as they dont care about the car itself and then the rich crazy insane people like the guy that bought a plymouth gtx at auction for about 2 million !!! yes i saw this on tv about 10 years ago or the guy who's just gotta have it no matter what and makes an offer someone cant refuse. 35 years ago you could get a cherry 65-66 fastback gt for $700.00 i know cause i had several gt fastbacks and 1 non gt fastback and my dad bought a 69 boss 302 in 1981 for $5000.00 that was cherry and low miles. another thing that drives the price up is that there will never be any cars like these made again and more people want what there isnt enough of to go around. the new musatnag is nice , the challenger is ok , the camaro looks stupid to me and that cause they are copys of the original in this day and time and what can you really do to the engine and suspension ? not much of anything plus its illegal to do engine swaps on new stuff in california and this also drives the price up !! sure wish i had kept all my fastbacks and bought all those fastback 6 bangers that the junk yard was paying $50.00 for that nobody wanted even though the bodys were good ! also out here in los angeles are several muscle and classic car dealer ships that only sell classics and that also drives the price up !  

i spelled mustang > musatnag !!! probably missa pelled some moe words in the above post two !  

Yeah I agree with shiftthis, the specialty dealerships that sell these classics have gone a long way towards raising the prices. It used to be only the owner sold these , now these specialty guys buy and sell cars and they sell at a much higher level, catering to the people who do not do mechanical work. The other issue is parts are going up all the time. There are few people who work on these cars anymore. Mechanics dont do the kind of troubleshooting thats required to work on these cars. The new mechanics are Techs that just plug it into the computer and do what the computer tells them to do. Its harder for the saturday mechanic to get help and when us old geezers who worked on them die off,,,well no one will know anymore.  

talk about parts , i have a ford racing block $2000,bryant crank $1500,je pistons $990,oliver rods $1200,afr heads $2000,holley hp $950, just to name a few of the engine parts not to mention the speedway floater rear end assy. if i sold my car for $50,000 i would only recoup about half the cost. i do all except machi ne work and roll cage welding and i have many many hours of my time in that car. if i had to pay somebody to do the work for me i would never have this car cause i couldnt afford it. just did a rough estimate of my 392 stroker and i got about $25,000 in the engine alone,and it took me about 1-1/2 years to buy all the parts. i could have gooten a crate engine cheaper but i wanted a bullet proof nascar bottom end for roadrace and the crate engines didnt have the combo of parts i needed for what i do with the car. i still see nice early mustangs sell for under $20,000 and thats really a great deal compared to what $20,000 spent on a new car would get you.