SAAC Forum

The Cars => 1968 Shelby GT350/500/500KR => Topic started by: Bill G on December 12, 2020, 10:15:09 AM

Title: What's My GT350 Worth?
Post by: Bill G on December 12, 2020, 10:15:09 AM
I know this is kind of an asinine question.  Because I know the answer is, "it depends".  And I have done no research yet. But I think guys here do have a good idea about real life values of their cars.  I want to sell my car to a friend.  I want to give him a good deal, but not give the car away.  So, here are the facts: I've owned it since 2010. 56,000 original miles, original drive train, top loader rebuilt by David Key, no work to engine though runs well, Acapulco Blue, saddle interior, interior is all original & in nice shape except the front seats have been recovered and new carpet.  Lot's of stuff done to breaks, suspension and car has been repainted - very nicely.  Original owner owned it up till 2000, so have a lot of original documentation plus Marti.  If you just take my word for it that the car, condition wise, is 2 to 2-.
I'm interested in your feedback.  Thanks.

Bill in Ohio 
Title: Re: What's My GT350 Worth?
Post by: JWH on December 12, 2020, 11:21:57 AM
Hi Bill,
             I am a believer in the Hagerty valuation tool. I feel that if Hagerty has a financial interest in insuring these cars, they are going to track values carefully. You don't say if your car is a fastback or convertible but when you open the link below it allows you to select your model. The values are given by condition rating so you can see the range that a #2 car is worth. I think both you and your friend could use this to come up with a price that is fair for both. It sounds like you have a very nice car with few owners, good documentation and a color that a lot of people really take to. Good luck with the sale and hopefully, the new owner will visit the SAAC site and post some pictures.
Jeff

https://www.hagerty.com/apps/valuationtools/search/Auto/1968/Shelby/GT350/Base
Title: Re: What's My GT350 Worth?
Post by: Bob Gaines on December 12, 2020, 11:31:29 AM
I know this is kind of an asinine question.  Because I know the answer is, "it depends".  And I have done no research yet. But I think guys here do have a good idea about real life values of their cars.  I want to sell my car to a friend.  I want to give him a good deal, but not give the car away.  So, here are the facts: I've owned it since 2010. 56,000 original miles, original drive train, top loader rebuilt by David Key, no work to engine though runs well, Acapulco Blue, saddle interior, interior is all original & in nice shape except the front seats have been recovered and new carpet.  Lot's of stuff done to breaks, suspension and car has been repainted - very nicely.  Original owner owned it up till 2000, so have a lot of original documentation plus Marti.  If you just take my word for it that the car, condition wise, is 2 to 2-.
I'm interested in your feedback.  Thanks.

Bill in Ohio
You forgot to mention if fastback or convertible .
Title: Re: What's My GT350 Worth?
Post by: Bill G on December 12, 2020, 11:45:13 AM
Whoops - fastback
Title: Re: What's My GT350 Worth?
Post by: Coralsnake on December 12, 2020, 12:05:34 PM
My experience with Hagerty is they rely on owner reported sales. The owner can tell them anything they want.

Its in Hagertys best interest to have cars valued higher. Higher values equal more premiums.

Im not saying the numbers are wrong, but certainly some things to consider.
Title: Re: What's My GT350 Worth?
Post by: 67 GT350 on December 12, 2020, 03:17:12 PM
Old cars right now are not winning any value awards now. BJ and Mecum only "play" on celebrity cars and famous cars, Mr Jo Blo's car is not big deal for them, ebay will give you an idea as many never meet reserve and wind up in re-list-ville. List you car in ebay wi9th a 900K reserve like everyone else does and start the bid at a buck and see what it finishishes at. I bet 70 to 80 myself. I comes dow to, "What I am selling is the best, and what you are selling is garbage" Or If I am buying it, 'Its gold"

When I buy a car, its is the best, I am told, then like magic, when I sell it, I am told it is S&%T.
Title: Re: What's My GT350 Worth?
Post by: 67 GT350 on December 12, 2020, 03:36:03 PM
Market value?

https://www.ebay.com/itm/1957-Ford-Thunderbird-/164569975810?_trksid=p2047675.l2557&ssPageName=STRK%3AMEBIDX%3AIT&nma=true&si=CUgHyHB2TSh%252FrgmU0yBfQT4y39o%253D&orig_cvip=true&nordt=true&rt=nc
Title: Re: What's My GT350 Worth?
Post by: Bill G on December 14, 2020, 10:31:02 AM
Ok, looks like my bud won't be buying the car.  That's all right, I will plan to put it on Bat, which I've had some real good luck at.  Unless anyone here has interest.

Bill in Ohio

Title: Re: What's My GT350 Worth?
Post by: shelbymann1970 on December 14, 2020, 12:23:55 PM
My experience with Hagerty is they rely on owner reported sales. The owner can tell them anything they want.

Its in Hagertys best interest to have cars valued higher. Higher values equal more premiums.

Im not saying the numbers are wrong, but certainly some things to consider.
when I went to  up my insurance for my Vert from 125 to 140K when it was going to be kept overnight on Woodward at a Ford display 2 years ago Hagerty balked and said 130K. Then I produced some sold cars(Thanks to Bret's site and a few others) they agreed to do it at 140K. That is my experience with Hagerty. They wouldn't just insure it for what I wanted which was NOT out of price so to speak. Then in their valuation tools the sold values went up on that particular car. Tough having a rare car that there are not many sales on from year to year.
Title: Re: What's My GT350 Worth?
Post by: shelbymann1970 on December 14, 2020, 12:29:43 PM
I know this is kind of an asinine question.  Because I know the answer is, "it depends".  And I have done no research yet. But I think guys here do have a good idea about real life values of their cars.  I want to sell my car to a friend.  I want to give him a good deal, but not give the car away.  So, here are the facts: I've owned it since 2010. 56,000 original miles, original drive train, top loader rebuilt by David Key, no work to engine though runs well, Acapulco Blue, saddle interior, interior is all original & in nice shape except the front seats have been recovered and new carpet.  Lot's of stuff done to breaks, suspension and car has been repainted - very nicely.  Original owner owned it up till 2000, so have a lot of original documentation plus Marti.  If you just take my word for it that the car, condition wise, is 2 to 2-.
I'm interested in your feedback.  Thanks.

Bill in Ohio
FWIW I sold this car private for 75K in 2013. Date coded engine but auto heads. Non original but late dated coded 4 speed. 1969 3.50 N case TL rear. All original interior including carpet headliner and dash pad but repo console and "almost" correct gauges(had greenlines in it). Original front suspension. original glass. Solid car with one patch on lower DS quarter. INCORRECT black paint(highland green car).  Gary
Title: Re: What's My GT350 Worth?
Post by: Rodster-500 on December 14, 2020, 10:45:22 PM
I know this is kind of an asinine question.  Because I know the answer is, "it depends".  And I have done no research yet. But I think guys here do have a good idea about real life values of their cars.  I want to sell my car to a friend.  I want to give him a good deal, but not give the car away.  So, here are the facts: I've owned it since 2010. 56,000 original miles, original drive train, top loader rebuilt by David Key, no work to engine though runs well, Acapulco Blue, saddle interior, interior is all original & in nice shape except the front seats have been recovered and new carpet.  Lot's of stuff done to breaks, suspension and car has been repainted - very nicely.  Original owner owned it up till 2000, so have a lot of original documentation plus Marti.  If you just take my word for it that the car, condition wise, is 2 to 2-.
I'm interested in your feedback.  Thanks.

Bill in Ohio

Sounds like a great car with a lot going for it making it better than average.  Good luck.
Title: Re: What's My GT350 Worth?
Post by: CharlesTurner on December 15, 2020, 01:28:27 AM
My experience with Hagerty is they rely on owner reported sales. The owner can tell them anything they want.

Its in Hagertys best interest to have cars valued higher. Higher values equal more premiums.

Im not saying the numbers are wrong, but certainly some things to consider.

They take data from different sources.  I feel their high value for #1 concours is a little optimistic, although not all concours cars are equal when breaking them down to colors, extent of metalwork done, non-matching drivetrain, etc...
Title: Re: What's My GT350 Worth?
Post by: Coralsnake on December 15, 2020, 06:22:51 AM
Excellent advice
Title: Re: What's My GT350 Worth?
Post by: 68cobra427 on January 06, 2021, 10:56:37 AM
I ran my 68 GT500 fastback through BAT and it only hit $86K  the car had 66K orig miles. Non orig motor.  I ended up selling it for $100K out of the country.  Australia is paying higher prices then the US.

 So my best guess would be $75K value on your car.

 I had mine insured with Hagerty and they now know what I sold mine for. 


Luck on sale
Troy
Title: Re: What's My GT350 Worth?
Post by: redpony on January 13, 2021, 11:52:38 AM
68cobra427: what does BAT mean?  Where did you end up selling it through?  I'm new to all this - and this thread caught my eye.  I've always wondered, if I ever decide to sell my car (68 GT500) what would I do??  My only knowledge is eBay and auction houses.  The suggestion posted by someone else, to put a very high reserve on ebay - to see what kind of offers you get - could cost a mint.  It is my understanding that ebay still collects fees for an unsold item - based on the reserve amount; correct?
Title: Re: What's My GT350 Worth?
Post by: davez on January 13, 2021, 12:06:39 PM
68cobra427: what does BAT mean?  Where did you end up selling it through?  I'm new to all this - and this thread caught my eye.  I've always wondered, if I ever decide to sell my car (68 GT500) what would I do??  My only knowledge is eBay and auction houses.  The suggestion posted by someone else, to put a very high reserve on ebay - to see what kind of offers you get - could cost a mint.  It is my understanding that ebay still collects fees for an unsold item - based on the reserve amount; correct?

BAT
Bring A Trailer
Auction site
Title: Re: What's My GT350 Worth?
Post by: Coralsnake on January 13, 2021, 12:08:32 PM
Bat is “bring a trailer” another auction site.

There are a lot of options. This website, carsonline, hemmings, etc

The two you listed are the two least desirable in my opinion.
Title: Re: What's My GT350 Worth?
Post by: redpony on January 13, 2021, 12:17:23 PM
Thanks, coralsnake!
..."The two you listed are the two least desirable in my opinion." -- that's why I asked.  :-)
Title: Re: What's My GT350 Worth?
Post by: Coralsnake on January 13, 2021, 12:20:33 PM
eBay will probably provide you with a lot of exposure.

and auction houses are the most expensive
Title: Re: What's My GT350 Worth?
Post by: 68cobra427 on January 13, 2021, 12:29:36 PM
Pm sent to Redpony.



Troy
Title: Re: What's My GT350 Worth?
Post by: Rodster-500 on January 13, 2021, 07:30:09 PM
68cobra427: what does BAT mean?  Where did you end up selling it through?  I'm new to all this - and this thread caught my eye.  I've always wondered, if I ever decide to sell my car (68 GT500) what would I do??  My only knowledge is eBay and auction houses.  The suggestion posted by someone else, to put a very high reserve on ebay - to see what kind of offers you get - could cost a mint.  It is my understanding that ebay still collects fees for an unsold item - based on the reserve amount; correct?

Don't even think of selling yet.  ;D
Title: Re: What's My GT350 Worth?
Post by: redpony on January 13, 2021, 09:47:03 PM
68cobra427: what does BAT mean?  Where did you end up selling it through?  I'm new to all this - and this thread caught my eye.  I've always wondered, if I ever decide to sell my car (68 GT500) what would I do??  My only knowledge is eBay and auction houses.  The suggestion posted by someone else, to put a very high reserve on ebay - to see what kind of offers you get - could cost a mint.  It is my understanding that ebay still collects fees for an unsold item - based on the reserve amount; correct?

Don't even think of selling yet.  ;D

Why not?  :-)  Actually, I never thought I'd even think of doing it until I got too old to drive - but my best friend that has spent more hours under the hood of that car has moved to another state.  I now feel lost without his support....so the thought does cross my mind at times. 
Title: Re: What's My GT350 Worth?
Post by: Rodster-500 on January 13, 2021, 10:47:09 PM
68cobra427: what does BAT mean?  Where did you end up selling it through?  I'm new to all this - and this thread caught my eye.  I've always wondered, if I ever decide to sell my car (68 GT500) what would I do??  My only knowledge is eBay and auction houses.  The suggestion posted by someone else, to put a very high reserve on ebay - to see what kind of offers you get - could cost a mint.  It is my understanding that ebay still collects fees for an unsold item - based on the reserve amount; correct?

Don't even think of selling yet.  ;D

Why not?  :-)  Actually, I never thought I'd even think of doing it until I got too old to drive - but my best friend that has spent more hours under the hood of that car has moved to another state.  I now feel lost without his support....so the thought does cross my mind at times.

Well, IF you decide to sell, chances are high you will find a good caretaker here at a fair price without a hassle.  Enjoy it as long as you can.
Title: Re: What's My GT350 Worth?
Post by: redpony on January 14, 2021, 10:48:01 AM


Well, IF you decide to sell, chances are high you will find a good caretaker here at a fair price without a hassle.  Enjoy it as long as you can.
[/quote]

Thanks, rodster-500.  I bought the car in the late 70's - but it's been in storage more than it has seen the light of day.  :-)  I always dreamed of the day it would be road-worthy but life doesn't always work out as one dreams -lol!  I'm now a 'senior' and no longer have the support from a dear friend who has worked on it all these years - since he retired and moved out of state.  Anyway - should that day come it is good to know there are options to ensure it goes to a good home.  :-)  Thanks!
Title: Re: What's My GT350 Worth?
Post by: Bob Gaines on January 14, 2021, 10:52:11 AM
It happens to the best of us.
Title: Re: What's My GT350 Worth?
Post by: FL SAAC on January 14, 2021, 11:01:00 AM
Bill, if you need the money sell now. If you dont need to sell, retain and enjoy. I think the US economy is going to slow down considerably soon. Just my 2 cents
Title: Re: What's My GT350 Worth?
Post by: 68cobra427 on January 14, 2021, 11:18:04 AM
Bill, if you need the money sell now. If you dont need to sell, retain and enjoy. I think the US economy is going to slow down considerably soon. Just my 2 cents


 Oh you got that right. Things have been slowing down since 08.  It took me 2 yrs to sell my mothers Shelby. Kept getting low offers. Could not find anyone in US wanting to pay up. Sorry to say it ended up out of the country.

 Going to invest what I received in property to re-coupe what we lost. A storage facility is #1 investment. 

 At 55 now and have owned 140 mustangs my goals are changing. We all have to make tuff choices.

 For those of you that continue to show-store-restore and drive your pride in joys . Good for you!  I still have my 68 GT/CS conv mod , My daughter wants it, so some day it will be passed.

 Best of luck
Troy