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Is a 73 Mach 1 Resotration Worth It?
#11
(03-06-2019, 10:27 AM)Stanglover Wrote: So to date I have waaay north of 40K US in it, but do I care, no, it's my "baby" I enjoy it and likely would not sell it unless it was for that illusive Grabber Lime M, R or J code.
Geoff.

I love my 71 Grandé. It just has a 2V 351C in it but it will be grabber lime again one day.My favourite colour on the 71-73 is grabber lime.

If i was to tackle another big full on restoration it would have a 1955-57 Thunderbird. Preferably in red.
I was tempted to buy this one for the shell(note the Mustang in the background)
https://www.ebay.com/itm/1955-Ford-Thund...Sw3qVcaFeS
and this one for the motor
https://www.ebay.com/itm/1956-Ford-Thund...SwU8xa33Pj

Steve
1971 Grandé
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#12
(03-06-2019, 10:47 AM)Pegleg Wrote:
(03-06-2019, 10:27 AM)Stanglover Wrote: So to date I have waaay north of 40K US in it, but do I care, no, it's my "baby" I enjoy it and likely would not sell it unless it was for that illusive Grabber Lime M, R or J code.
Geoff.

I love my 71 Grandé. It just has a 2V 351C in it but it will be grabber lime again one day.My favourite colour on the 71-73 is grabber lime.

If i was to tackle another big full on restoration it would have a 1955-57 Thunderbird. Preferably in red.
I was tempted to buy this one for the shell(note the Mustang in the background)
https://www.ebay.com/itm/1955-Ford-Thund...Sw3qVcaFeS
and this one for the motor
https://www.ebay.com/itm/1956-Ford-Thund...SwU8xa33Pj

Steve, so what's stopping you? It's only money!! I know, yeah but!!!

I learn something new every day!
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#13
(03-06-2019, 11:08 AM)Stanglover Wrote:
(03-06-2019, 10:47 AM)Pegleg Wrote:
(03-06-2019, 10:27 AM)Stanglover Wrote: So to date I have waaay north of 40K US in it, but do I care, no, it's my "baby" I enjoy it and likely would not sell it unless it was for that illusive Grabber Lime M, R or J code.
Geoff.

I love my 71 Grandé. It just has a 2V 351C in it but it will be grabber lime again one day.My favourite colour on the 71-73 is grabber lime.

If i was to tackle another big full on restoration it would have a 1955-57 Thunderbird. Preferably in red.
I was tempted to buy this one for the shell(note the Mustang in the background)
https://www.ebay.com/itm/1955-Ford-Thund...Sw3qVcaFeS
and this one for the motor
https://www.ebay.com/itm/1956-Ford-Thund...SwU8xa33Pj

Steve, so what's stopping you? It's only money!! I know, yeah but!!!
LoL thats whats stopping me...Money. Then theres getting the 2 cars in one place and relying on someone to transfer the bits from the donor car to the shell. Then importing it into the UK. When a car won't start with RORO shipping the dock workers stick the forks from the forklift truck under the back end and lift & push the car off the ship which causes damage to the underside. My old gas tank from my 71 had a pair of dents that matched a forklift trucks forks. If i focus on the 71 it will get finished but if i had 2 cars to work on i may get disheartened by lack of progress

Steve
1971 Grandé
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#14
[the only models that would support a profit on a full restoration are the '71 Boss 351, or any '71 models with the 429 CJ or 429 SCJ (including Mach 1, convertible, etc.). ]
Even that is questionable. They do not go for the price you saw a decade ago. At 40-50k, they stay for months for sale here in Europe. If you find one for bellow market, just in need of a little "wheeler dealer" massage and have the luxury to be able to sit on your investment and wait long enough, yes. May be.

If it's for the hobby as the others said, you will get lots of satisfaction out of it. I know I do and learn tons in the process. Not to mention you get to meet great people and make good friends. That alone is worth a million.

For the crystal ball estimated value of 25k. Depends how long it will take before you car is done (and how). Right now, likely no.
There are currently lots offered, I would say even more than before. That's no real surprise.
All 7173 are now at an age where to put lipstick on the rust is no longer an option. It's real restoration time or get rid of it.
Just search this site for titles that include the term "parting"...

From what I see and read on this forum. Most restore at their own pace, 5 to 10+ years is very common. If this free claim of 18k figure would be accurate, that's doable per year. In 10 years from now, only the well preserved/restored will be on the market. Likely more expensive.
That is of course expecting a future not too different than today. When it comes to cars & combustion engines, the world is changing fast.

73 modified Grandé 351C. Almost done. 
71 429CJ. In progress
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#15
(03-06-2019, 10:27 AM)Stanglover Wrote: So to date I have waaay north of 40K US in it, but do I care, no, it's my "baby"

I'm amazed you can even do this accurate estimate. I honestly could not. I just know its "waaay"! Smile

73 modified Grandé 351C. Almost done. 
71 429CJ. In progress
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#16
(03-06-2019, 11:34 AM)Fabrice Wrote:
(03-06-2019, 10:27 AM)Stanglover Wrote: So to date I have waaay north of 40K US in it, but do I care, no, it's my "baby"

I'm amazed you can even do this accurate estimate. I honestly could not. I just know its "waaay"! Smile

I agree...... My 302 Mach 1  didn't have the original motor or trans in it when I bought it. I haven't built mine to resell. Its for me to run the shit outta!  I probably have more in my 408 C Stroker than the car is worth!! lol!!  Shootself   But who's counting.
When I do get my other garage built, my car is going to get tore completely down and done from ground up.  I am predicting obscene amounts of time, money and labor being put in it...... but I know I will never recoup that. That's ok. My car will stay with me forever.
I am seeing, twin turbos.... 1000 hp street motor  LOL!!
Roll cage.
4 link
6 speed.
coilovers.
AC
ECT ECT...... list goes on and on.

Kevin

1971 Mach 1
408C Stroker
C4 w/3,000 stall
8.8" Rear w/3.73's
Disc brakes all way around.

[Image: 28ivsix.png]




                                                                                             
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#17
(03-06-2019, 06:50 AM)Pegleg Wrote: 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

That was my goal from the beginning - I wanted my car to fulfill a lifelong dream of having one of my favorite muscle cars... not to simply spend money, do work, and flip a car so someone else can enjoy my efforts.  That being the case, were I into it for the resale value, I would've lost me arse on a much grander scale than the wanna-be flipper that sold it to me (I got mine for almost half his initial asking price).  His $1400 loss on a $3K asking price is a LOT less of an impact than my investment vs. what I could get for it... unless you quantify it as 'proportionally.'  rofl

Best price on a pristine '71 H-Code Mach 1 hovers in the $25K range... I'm well over $45K just getting my restomod turned back into an actual car again.  I only kept score for insurance purposes - there's no way I expect to see numbers anywhere close to that, were I to ever accept an offer.

Eric

[Image: mach1sig2.gif]
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#18
So, mine is the elephant in the room... $100K restoration... could care less what it is worth afterwards, although I know it can bring big $$ at thr right auction. Would I spend this on a '73? No. So, I bought an all original, low mileage H Code 73 vert as my summer driver for $20K... I did my restoration because these are my favorite mustang's... The only other I would own is a B9...
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#19
(03-06-2019, 11:34 AM)Fabrice Wrote:
(03-06-2019, 10:27 AM)Stanglover Wrote: So to date I have waaay north of 40K US in it, but do I care, no, it's my "baby"

I'm amazed you can even do this accurate estimate. I honestly could not. I just know its "waaay"! Smile

Easy, I have a 2" (50mm) stack of receipts to prove it!

I learn something new every day!
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#20
My car is an F-code as well. PS, PDB and used to be an auto. Now has a 4 speed & 9" rear. Next step is to finish the rebuild on a 351C and get it to where it should be, performance wise. I put my car on eBay back in '08 just to get a "value". Auction topped out around $15K, which is where I figured it would end up. Today it *might* hit $20k. I look at F code cars as the perfect canvas to make a car your own, and you're not "hurting" the value. That said, if I restore another car I want an M or Q code.

Only way to make any money on a restoration is to get the right car in the right condition at the right time and do all the work yourself - or have someone paying you to do the work on their car.

A friend of a friend has been a Mustang hoarder for 30+ years. The family owns a construction company and he's been storing shipping containers filled with all manner of high end cars and parts that need restoration. Pretty much anything from 69-73 with Q, R, S, M & J in the VIN. He's getting closer to retirement and was talking to my friend, who owns an autobody shop, about working on his collection. Long story short, he ended up opening his own body shop to do collision work, and his guys work on his cars in between insurance jobs. Smart, really smart.


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