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71 429 CJ Auto, Air in Atlanta $7,500
#1
Saw this ad this morning in Atlanta and thought I would spread the word if you are looking for one. http://atlanta.craigslist.org/nat/cto/5847145248.html
I do not know anything about the car you will need to contact the seller. Looks like it has a set of 73 aluminum wheels on it. Says "Needs Engine & Transmission".


When a man is in the woods and talks and no women are there is he still wrong??
Tongue
David
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#2
I am still searching for the rust free body... everything needs restoring on this car and it is missing it's original drivetrain...

I overpaid for my vert in comparison, but it was #'s matching and 96% rust free. I think I would rather over pay then deal with this restoration that will always be hit hard at resale due to a non #'s matching driveline. Even the drive shaft is specific to this car (drive train) and good luck finding one and when you do $$$. Look this one over real close be fore spending your $$$...
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#3
What would be a fair price for this car in its current condition?
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#4
$1500-$2000? It's basically a rolling rusty shell with a ram-air hood and a special VIN. Tach dash and automagic tranny.

Let me check your shorts!
http://midlifeharness.com

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#5
Well at least the driver's seat upholstery looks to be in good shape. Wink You just know that everything you can't see is extensively rusted, including the cowl. The body panels actually don't look too bad from the outside. My guess is a $40K to $50K restoration at minimum if it is farmed out. And it's not like a period-correct 429 CJ drivetrain is very easy to find. It's a shame to see one of them slip away like this, when so few were made to begin with.
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#6
Looking at the prices I'm seeing regular 302 and 351 71 Mach 1's sell for I actually don't think it's too far out of line to be honest. If you figured $7.5k-$10k for the complete engine and trans that gets you to $15k which is the price that I've seen plenty of complete cars needing restoration who's bodies were in worse shape than this car. Except for the driveline this car would cost the same as a 302 or 351 car but be worth at least twice as much when it was done.

Don't forget that the grabber blue 429 CJ that sold earlier this year for $86k that wasn't an original engine car:

https://www.mecum.com/lots/SC0516-243131...-fastback/

Very nice car no doubt but still not numbers matching.

Anyone have the vin or know if it's a J or C code? I wouldn't mind seeing the marti report on this car.

Mark
71 Mach 1 J code - Japanese export
72 Convertible f code - first car
Numerous other Fords
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#7
We all have seen worse. To bad the engine trans are missing.

- Mike
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#8
Wow. The seller must be smokin' some really good stuff.

The only things that make the car a 429 CJ or SCJ Mach 1, are the VIN and the engine... and since there's no engine, you're buying a VIN along with a collection of stuff that will most likely need to be around 80% replaced.

Then there's the statement: "very clean and straight rust free body," HA!! Apparently, that guy has absolutely no idea what those words mean.

I mean, seriously - mine was at least complete and looked a whole lot better in the Craigslist pictures I saw than this one does... and we all know how that turned out. whistling

Not worth a penny over $2K, IMHO.

Eric

[Image: mach1sig2.gif]
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#9
So how much is the shell of a 69-70 Shelby or 428 CJ/SCJ worth over the base car to you guys? You are totally right Eric! You are buying the vin. But in the collector car world the vin can make the difference between a mint $25k 1965 6 cylinder fastback and a $400k Shelby. Over the summer I looked at a 1965 Shelby that was in worse condition than the car in the craigslist add and he was asking $100,000 for it. I was third in line for it and the guy who was first in line bought it for $120,000. I spoke to the guy on some parts shortly after and he told me he stopped counting phone calls and emails at 100.

Like it or not there is much more to a cars value than it's present condition. History, options and original equipment play a huge role in determining the value of a shell.

Just out of curiosity would anyone's opinion change if the 5th digit in the vin was an "R" instead of a "J"?

Mark
71 Mach 1 J code - Japanese export
72 Convertible f code - first car
Numerous other Fords
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#10
My opinion is my opinion and I'm a realist. It won't take any less to restore a 'valuable' car from that condition than it did my lowly H-Code... and I'm into it over $45K as a simple Day Two Restomod. A faithful restoration of a 'valuable' car will easily double that (NOS parts, professional restoration and labor costs, etc.). That car won't be worth its full potential ever again because it will never be numbers matching ever again. Sure, someone could run down another 429 CJ and C6... and even get close to the right production date - technically, it would be numbers matching based on today's ever-changing standards, I suppose... but it will ever only be a 'close enough' car. I just don't want anybody looking at the guy's words and his price thinking they've found a 'Rare Find' potentially worth top-dollar or more. This car's a turd, missing most of its key defining components, and will cost a fortune to reclaim its actual value (not all that much unlike my own lowly H-Code). But, there's a sucker born every minute, as they say. rofl

What about '69-'70 Shelbys? Depending on condition, I think they're overpriced - more so as the condition worsens. Honestly, I'm about fed-up with the feeding frenzy the '67 Shelbys/Eleanor Clones have enjoyed as well. I've never been a 'bandwagon' fan of anything. Most people tend to flock to the mainstream "bandwagon" things, driving those values up. Hey, that's cool - if you want to run into yourself around every corner because everybody and their dog owns the same thing because it's cool - go for it. That's the main reason I didn't buy a silver 2010 Camaro 2SS, and instead started my Mach 1 project. There are thousands of newer Camaros roaming the streets of San Angelo... and only one (1) 1971 Mach 1, which is mine. There are also at least a half-dozen vintage Shelbys here as well.

Personally, again - this is my opinion, I would never buy an R, C, J, Q, or M Code because I'm not a purist. Mine just happened to be a numbers matching H-Code... but honestly, a 302 car would've been fine for me - as long as it was a Mach 1. I had the opportunity to buy a pristine M-Code Mach 1 shortly after I started my project. I'd thought about abandoning the project and just buying the M-Code outright... but it was 'investment quality,' and I had other plans. I like my cars the way I like them (which usually means a little bit of tasteful customizing), and I'm not the guy to put one back together for the purpose of simply selling it [most likely] at a loss - my time and money invested are worth too much to me to go down that road. Investment cars have their place, but I'm not in a position (i.e., disposable income, time, storage facility, etc.) to collect 'valuable' cars for the purpose of just having them. I like to enjoy my cars by driving them more than just to parades and car shows (even though I haven't gotten much farther than that as of yet Wink ).

At the end of the day, it's still just a classic car that's been left to rot - regardless of what the VIN says. What any car is worth just depends on the potential buyers, if that's your intent. Mine will never be sold as long as I have anything to say about it... and if it ever is, it certainly won't be for profit.

Don't get me wrong, either: I don't bemoan anybody who collects investment cars - that's where the fun is for them... ain't nothing wrong with that - just not my cup of tea. thumb

Eric

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