Not sure if this is actually considered a Tech question, but here it goes...
I have a 69 convertible (Torch Red) that was originally a 350 HO that was restored 19 years ago as a 400. It's in great shape, runs awesome. I paid $14k for it 3 years ago. I've put a new exhaust (PYPES) on and added Am Racing rims, but I do have the rally IIs as well. Due to changes in my life I am considering selling it, but don't know if $20k is out in left field.

Any thoughts or suggestions on determining a price.

Mileage, running condition, appearance and history are going to be factors in determining price. $20K is by no means out in left field depending on condition. It may be a little on the high side for it having a non original drive train. Are you in Columbus, Ohio RTG? If so, I could come out to look the 'bird over if you like.

RTG,
I have a 69 , non orig engine , WAS a 350 car , now a 400, also 'badged' as a 400 except for the front bumper emblem....I paid $8 k for it 7 yrs ago, but have put another $16-17k in it...I`d not go under $20 k if I sold mine...I`d offer it for more ,but if I couldnt get 20, I`d not sell it period...

I had it re-painted 6 yrs ago....some people say it looks great, I think its "ok", but as always I know my "blemishes", as others may not see...
in my opinion (for whatever its worth)....I think $20 k would be ok for a non matching ,good looking convertible....have seen them sold for that too...

others may have a different opinion, but thats mine...

For a car that presents and operates nicely, $20K is a fair price without numbers matching. Any "must-do" repairs will cut the value.

I've seen pure garbage sell for $15K+ just because it's a 400 powered convertible.

Thanks for the input.

Tom, I actually live in Mount Vernon but work in Columbus. If we could work it out, I'd wouldn't mind you looking it over.

Rob

Values can vary so much.... I have a question; You paid $14000 three years ago. You did some exhaust work and changed the wheels. Now you ask if the car has appreciated $6000 in those three years. What makes you think the car is worth $6000 more than what you paid three years ago? Is it that you got an incredible deal on it or do you think that the general values have risen 30% in three years? In other words, where did you come up with the $20000 figure?

Appreciation in value can take place without investing work, if you have a good car and a good price to start with. My '69, if I were to accept one of the many offers I've had for it, would now bring in over twice what it cost in 2003. Is that bad? Nope, it's a wise, and enjoyable, investment. After deducting cost of improvements I'd still end up well ahead.

I think that I did get a good deal on it. The car actaully needed some minor repairs when I bought it so the guy knocked $1,000 off the sales price. I've completed the repairs, plus added a newer exhaust (and what I consider a better exhaust) and the rims.

I think the auction houses have driven the prices up on all classic cars from what I've seen.

My question was driven to you guys because I consider you the experts, the ones who know what these beauties are actually selling for. I'm not looking at making $6k on this car since I have at least $18k in it, but if I can sell it for $20k+ and that is the going price then so be it. I've checked out the selling sights and this price seems reasonable from that perspective, but that doesn't mean that they are selling them for these prices.

as a "general term" , asking prices are "usually" about 10-20% negotiable...I`d use a 15% from an asking price as a "price" as a rule...