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Will our cars ever become as desirable as older Mustangs?
#1
I see prices all over the place for my 1972 Mach 1 Q code 4 speed.  I was just wondering if you guys think we will ever see the bigger prices for our cars like you see with the older Mustangs?  I don't want to sale my car but I would like to think I will eventually have a valuable classic.

Thanks!
Wade
1972 Mach 1 351 cj 4speed
"We confide in our strength, without boasting of it; we respect that of others, without fearing it."--Thomas Jefferson

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#2
I personally do not see a possibility for gain.
The show I was at couple weeks ago had way more newer Mustangs that older. They are faster, better, more creature comforts and the young people love them.
If you go to the N.E. Georgia Mustang club site you can go through the pictures of the cars as they entered the field. Every car got it's picture made. I have my 73 vert there and there was a 73 Mach 1. There are three people in this area that have running 71 - 73 cars and two working on them.
The boss cars 2, 9 & 1 are mostly vanity cars. Yes there are a few that own them because they had one new or their dad did. Most are owned so they can say "Look what I have", lol.
Even the earlier Mustangs are dropping off in numbers at the shows. By far the Fox body and newer Mustang out number at the shows. When I attended the show in Michigan at the Ford Dearborn facility the new Mustangs way out number the old.
Just like the Model T and Model A have gone so will the older Mustangs. There was not a single Model T or A at that show this year and was open to any Ford vehicle. Use to see dozens there. They have all died out just like we will.
Never build one of these cars thinking it is an investment. Not even a Boss 351 would be an investment now. Cost you way more to restore than it will ever sell for.
When I filled my car up with gas the other day one person ask me what year Challenger was it and another ask what kind of car it was, lol. They looked to be in their thirties.
You would be hard pressed to find a young person in their 20's or 30's that would have any interest in a 71 - 73 model Mustang.
The newer ones run circles around the old ones in 1/4 mile or top end and get twice the gas mileage, and cost way less than restoring one of these rusty hulks.
Just my observations. I have a 37 year old that want's none of them he bought a 2018 GT Mustang.


When a man is in the woods and talks and no women are there is he still wrong??
Tongue
David
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#3
Maybe.
I have seen the “hunters” on Craigslist listings with cash WTB ads start to list 71-73’s on their desired lists. That wasn’t the case a few years ago.

Values stateside can be raised by demand elsewhere. It happened with air cooled VWs over a decade ago. Overseas values skyrocketed and hunters would pick up whatever they could to export. I watched cars vanish from my buddies VW yard that were so rusty and crusty that most people wouldn’t even consider them restoration worthy.


I agree with David a bit too. I remember the first time I drove my 71, not exactly a performance car, especially by today’s standards.


You never know...
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#4
Each year and certain specific body style’s within that model year; have a potentially strong value to collector’s. I am a firm believer that original unmolested car’s will bring good money. Rare performance/big block car’s restored and #’s matching will command a fair $ based on the market at the time...

My J Code Vert will never see an equal return on my investment, but I knew this going in. I simply wanted to restore this rare car, regardless of the cost. I had the financial resources to do it. I honestly have no idea on its current value. There are very few comparables and very few advertised sale prices, given that there were only 42 produced and maybe half of these still exist today...

I think the market will stay strong for close to original factory performance car’s that are #’s matching. The younger generation will be drawn to these car’s as they are updated with the newer engines, suspensions, etc. 

It has been noted here many times, the value in these car’s will start with the R,C&J Code models. 4spd car’s will command a premium. 

Where I do agree with David is that buying a ‘71-3 that needs a full restoration may not be a good return on overall investment if you are looking to make $$$. If this is the case, buy one already restored... My 2 cents...
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#5
I'm going to the GoodGuys car show in Charlotte this coming weekend. I will be surprised if I see even one of our cars. They seem to be rare finds in car shows at least around here. I didn't buy mine for an investment and am sure I will spend way more money in getting it back on the road than I would ever get back out of it. My first car in 1986 was a 72 Mach 1 so that's why I bought this one,

Thanks!
Wade
1972 Mach 1 351 cj 4speed
"We confide in our strength, without boasting of it; we respect that of others, without fearing it."--Thomas Jefferson

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#6
Find a good base, do a "Wheeler Dealer restoration", drive it a bit and you could make a profit.

If you love these cars and restore them, there is no profit to be made. Especially if you let shops do the work for you.
But its not that bad. A well maintained, with bits of pedigree solid 7173 will always bring up a descent price may you be forced to sale.
Not many cars more than 10 years old can claim that. Question is for how long.
Over here, they are pushing hard electrification and fuel is expensive, so I don't think this niche market will change much. Chances it collapses are bigger.
In some cities, they already started to restrict access to older cars than 90...

73 modified Grandé 351C. Almost done. 
71 429CJ. In progress
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#7
I'm an optimist.  These cars are way too cool not to gain in value over time.  However, that being said, The ones that will gain the most are C Code, J Code, M Code, Q Code, and of course R Code.   Our standard 302 2v and 351 2v cars will likely only see very minor to moderate gains and only for pristine cherry examples either restored or original.  Standard driver quality cars should at least hold steady in price and will vary more depending on location and timing. I see this as a good thing for those of us that love this generation of Mustang because that keeps our cost low.  The high end cars drive new parts production, and we all benefit from that.  Over the last 15 years the number of parts being made for our cars has really gotten much better.  Hopefully one day the body parts will be better, because many of them are complete crap at the moment.


One other thing to consider.  If you bought a brand new car, doesn't matter what brand or model, and you bought a 71 Q Code Mach 1.  Drive them both an equal number of miles for 5 years, doing regular maintenance and repairs on both.  Then sell them both after 5 years.  Your Q Code will sell for the same or more than you paid for it 5 years previously, and your Brand new car would sell for 15-25% of what you paid for it.  Not to mention that your Brand new car won't be anywhere near as cool or fun to drive as your mustang.
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#8
I like to consider myself to still be one of the "younger guys"...just turned 40 on Friday.   whistling 
Personally I would prefer to have my 72 over a fox body.  I do love the newer 2018/2019 Mustang GT but I already have a 2011 GT with the Coyote engine so I guess that satisfies my desires with respect to faster/newer.  Not only did I want a classic, but I also wanted a car that I could work on and understand.  I work in the IT field but I don't want to mess with the computer and electronics on these newer cars.  Not to mention history...I LOVE the history behind things whether it's buildings, battlefields, airplanes or cars.  I definitely get caught up in the nostalgia of it all.  So much so that I've been buying old 8 track cassettes that I can play once my car is finished on the Ford 8 track player added under the drivers side dash.  So to me all of this speaks volumes and really drives my desire to revive my 72 and keep it running for years to come.  Obviously that will take some time and work and lots of $$$.  I'm not really worried about how much it will be worth but more like how long it will last and that it can be handed down to my son later on in life.  To me that is priceless.

Stang Life!

[Image: Stangs.jpg]






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#9
I have some hope that these cars become more desirable but on the other hand i dont care. I always wanted to have a muscle car to tinker with. It was either a Mustang or a Cuda. Most Mopars are too expensive so now i have my Mustang and I love it. A lot of money and time into it and probably will never get a monetary return on investment but my satisfaction is priceless. Not only the satisfaction, but all the new skills and knowledge. Priceless!

Sent from my SAMSUNG-SM-G930A using Tapatalk

        [Image: 20160929_171923_edit2_small.jpg]

1971 M-Code Mach 1 w/Ram Air, 408 stroker, 285/291 0.558" roller cam, Blue Thunder intake, TKO600, Hooker headers with electric cut-offs, FiTech EFI w/ RobBMC PowerSurge pump
4-wheel disc brakes
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#10
(10-15-2018, 07:47 AM)jowens1126 Wrote: I'm an optimist.  These cars are way too cool not to gain in value over time.  However, that being said, The ones that will gain the most are C Code, J Code, M Code, Q Code, and of course R Code.   Our standard 302 2v and 351 2v cars will likely only see very minor to moderate gains and only for pristine cherry examples either restored or original.  Standard driver quality cars should at least hold steady in price and will vary more depending on location and timing. I see this as a good thing for those of us that love this generation of Mustang because that keeps our cost low.  The high end cars drive new parts production, and we all benefit from that.  Over the last 15 years the number of parts being made for our cars has really gotten much better.  Hopefully one day the body parts will be better, because many of them are complete crap at the moment.


One other thing to consider.  If you bought a brand new car, doesn't matter what brand or model, and you bought a 71 Q Code Mach 1.  Drive them both an equal number of miles for 5 years, doing regular maintenance and repairs on both.  Then sell them both after 5 years.  Your Q Code will sell for the same or more than you paid for it 5 years previously, and your Brand new car would sell for 15-25% of what you paid for it.  Not to mention that your Brand new car won't be anywhere near as cool or fun to drive as your mustang.
True. Now think if you do this over 30-40 years or more, which some of my friends have gone through that same new car depreciation cycle 7, 8 or more times. If they lost at least $10-15,000 on each cycle that added up to $70-120,000. Put your money into the car that you love and stick with it. Sometimes when you sell you'll make money, sometimes not. (on that end) You will always be making money by not paying the depreciation. A penny saved is a penny earned. Those guys always have newer cars and huge bank payments/interest/depreciation and you'll always have something that is more of a statement about you. You don't buy cool, you build it.

Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! thumb

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