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Is a 73 Mach 1 Resotration Worth It?


Studdley
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When your first thought is am i going to make money then your love of the owning the car is questionable. Buy a car because you love that particular car then money won't even be part of the equation. Anyone who loves their hobby gets payback from the shear enjoyment of their hobby

I like the car, except I wanted to replace the cancerous metal, throw some paint on it and drive. I love these body styles, but it's hard to justify building a car, that I will take a 10 thousand dollar loss on.

Gas is for cleaning parts, alcohol is for drinkin, nitro is for racin

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Where are you located and do you have any pictures of your car? I might be interested in it being its not worth doing anything with according to the replies. It might be time to add another to my house. I agree with what a lot have said but I also know that 70 and below cars are starting to be unobtainable for the average buyer so the next step may be the 7173. I watch a lot of cars being sold that believe it or not are not all original for some big time money so there are always more than one direction for a build to go.

I'm in southern Ohio, if you're serious, PM me.

Gas is for cleaning parts, alcohol is for drinkin, nitro is for racin

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Lots of good discussion on this and valid points offered from multiple perspectives. Which is all good and hopefully helps you make your decision as it sounds like in your last post you may have. If you go in expecting to make a bag full of money on the resale of a 71-73 it may be a little earlier than the market is ready for. These are still slow on the investment growth, but in my opinion making some noticeable improvements in the mustang market. As others have mentioned the earlier body styles are getting somewhat out of reach for reasonable buyers and their attention starts to move up the years to find one they are interested in and can afford. The 71-73 body is more of a dramatic departure from the "mustang" lines and either you love/like them or you probably won't. Having said that, I love them and have for all of my driving years.

 

If you don't feel the passion in your blood for it than it becomes a dollars and sense question and only you can answer that question for yourself on what make sense for you and your budget. Either way, I hope the information shared so far has given you some factual information to draw from and you make the best decision for yourself.

BKDunha

72 Mach 1 H-Code (Concourse driven restoration)

67 S-Code Factory GT with 4-Spd

68 Mercury Cyclone (Pro-Street project)

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When your first thought is am i going to make money then your love of the owning the car is questionable. Buy a car because you love that particular car then money won't even be part of the equation. Anyone who loves their hobby gets payback from the shear enjoyment of their hobby

I like the car, except I wanted to replace the cancerous metal, throw some paint on it and drive. I love these body styles, but it's hard to justify building a car, that I will take a 10 thousand dollar loss on.

 

 

I think you can replace the metal (depending on how extensive) and put on a decent paint job for under $18K. I bought a decent driver for in the $5K range to enjoy while I do a total restoration on another car9fe73e6a9321ac7b36faa7764e48259a.jpg

 

 

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At least your restored car should hold it's value, and have a chance of increasing. Better than buying a new car that depreciates faster than the payments pay it down.

 

 

“If you can't explain it simply, you don't understand it well enough.”

--Albert Einstein

 

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If your concerned about being 10k over value I have news for you that when all said and done you will be 20k over like the rest of us. :D

 

Is that all! Only $20K? I was planning on $30K over but then again I'm $AUD so you could be about right

 

But really I don't care what it costs me nor am I keeping tabs on expenditure, just love the car

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I bought my 71 302 fastback for 14,500 2 years ago. It was in driver condition. Paint is a 20 foot 20+ year old paint job, cracking in places, but minimal bondo. Interior was a 8 out of 10, C4 transmission. I think we put about 2500 in it fixing a bunch of minor things, but now its very reliable. It still could use a new carb, but theres always going to be a thing or 2 it needs. I have 3 spots in the floor pans that need to be replaced, other than that its a great driver car. With the money I have put into it, its barely a break even now. But I didn't buy it as an investment, I bought it to enjoy. If you love the car, a cheap 302 car is the perfect car to restomod. You wont be ruining a more valuable car, and you can do whatever you want to it. It is conceivable that you could restomod the crap out of it and make a profit selling it to the RIGHT person. Remember, there are rich people with more money than sense all over the place. It just takes time to find them. Ive seen people pay 700k for a truck restomod project that wouldn't be worth 50-60k at auction.

"I drank what?" - Socrates

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I bought my 71 302 fastback for 14,500 2 years ago.  It was in driver condition.  Paint is a 20 foot 20+ year old paint job, cracking in places, but minimal bondo.  Interior was a 8 out of 10, C4 transmission.  I think we put about 2500 in it fixing a bunch of minor things, but now its very reliable.  It still could use a new carb, but theres always going to be a thing or 2 it needs.  I have 3 spots in the floor pans that need to be replaced, other than that its a great driver car.  With the money I have put into it, its barely a break even now.  But I didn't buy it as an investment, I bought it to enjoy.  If you love the car, a cheap 302 car is the perfect car to restomod.  You won't be ruining a more valuable car, and you can do whatever you want to it.  It is conceivable that you could restomod the crap out of it and make a profit selling it to the RIGHT person.  Remember, there are rich people with more money than sense all over the place.  It just takes time to find them.  Ive seen people pay 700k for a truck restomod project that wouldn't be worth 50-60k at auction.

 

WHADDAYA mean a CHEAP 302  :huh:

71-73 Mustangs never die, they just go faster!

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What's the best way to build a $100k car? Spend $250K on a car...

 

"flipping" a car is not like flipping a house. With a house all you have to do is find something undervalued that needs some work, fix obviously bad stuff, dress it up a little and collect your money... and then something will still go wrong.

 

With a car, you either need to find one of the rare cars that are really worth something for nothing and restore it or find whatever car is hot in the restomod market for next to nothing and figure out the mods that someone will want on the car for it to sell well. EVERYTHING else is going to cost more to restore or modify than it will be worth when it's done. Honestly, for most of the car market, the cheapest way to get what you want is to find something as close as possible to what you want that someone else has already spent their money on and buy it from them at a loss. The problem comes in when someone believes that the car they spent $50K on is worth $70K when the nicest possible example of that car is only worth $25K.

[align=center]M a r k

'71 Mustang Mach 1 | M Code 351C (with 2bbl heads) | C6

aka: Silverback, WS6 TA, JYDog, 83 Crossfire TA, mpikas, mmp...[/align]

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