Going Classic...possibly

0

00redGT

New Member
Jun 24, 2003
72
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0
Central Ohio
#1
Really, I'm just looking for some folks to bounce this idea off of, so I thought that I should post this here.

Currently, I have a 2000 GT that I has some minor mods. It's my weekend cruising car that I'm getting ready to sink some much more serious cash into it. The thing that always comes up in the back of my head is that I also would love to have a classic Stang...70 or ealier. I'd do some modernization to it.

Here's the trade-off. To do the classic Stang now, I'd have to sell my current Stang. On the other hand, I could keep my current car and about 5-10 years add a classic to the stable and keep both. Has anyone done this and had any regrets? I'm just not sure what to do.

I'm not looking for something to hold onto for just a few years. I want a Stang or two that I'll keep until the day I can't press the gas pedal anymore...then I'll give it to my kid (or grandkids by then).

As you can see, I'm just a little confused and unsure. Thanks in advance.:D
 

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#2
Classics are nicely unique in looks and feel, and they are real head-turners among the fleets of look-a-like late model Stangs. But you should be aware that by owning a classic that your work will never be done as long as you own the car: you will be constantly modding, repairing/restoring. But it's worth it. :nice:




BTW, if you wait 5 more years to buy a classic the price will be way higher, IMO.
 
#3
no time like the present to start looking for a classic mustang as prices will only get higher in the future. since you have a daily driver now, you can look for a cheaper stang that might need more work to restore, but you can keep your current car for a driver. if you have to sell your driver you really cant afford an early car, unless you get one that is in perfect shape. look for a 67-70 coupe to build as they are going to be the cheapest cars in your age range. the 71-73 coupe will be cheaper still, and will likely be in better condition as well as they are not as popular as the earlier cars.
 
#4
I bought my 67 stang and I haven’t had a single regret since the beginning. Like they said the classics turn more heads than the new ones, and in my opinion they are more fun to drive. It’s all about personal preference. I have a friend that has a newer cobra and he loves that, but there is nothing like the sound and feel of a classic.
 
#6
Thanks for the replies. I have an '01 F-150 Supercrew as my daily driver. The reason I would have to wait 5-10 years to keep my current Stang and then buy a Classic is just pure overall finances and space limitations (read: my wife would have a coronary at this point in our life and our garage only holds 2). I make good money, but she'll go bazerk until our equity line is paid off and she can go shopping all she wants. Also, I need a bigger garage (read: new house) Anyway, that's more info than you probably need to know.

I really love my current Stang, but I THINK I may like a 68 or 67 vert much more. I get looks and comments now in my car with the little I've done to it, but having that old vert would do just sooooo much...just like BDT's (that's pretty much what I would want). I would plan on doing some performance mods and styling mods to it...maybe a new crate engine, suspension, Shelby style hood and front bumper and ducktail rear deck lid. I haven't really zeroed in on anything yet.

The big thing is that if I were to sell my car, now would be the perfect time since the weather is getting warm. I was kind of thinking along the lines of iskwezm and keeping my current Stang as a performer...but, I'm concerned the prices of the Classics will just keep going up really fast. I could always go back and buy a late model, like the one I have. The only problem is that if I were to buy another late model, I would buy exactly what I have.

No matter what I do to my current Stang, it won't gain any sort of value within the next 20+ years, whereas if I were to put some $$ into a classic, that's an investment.

Oh, it's just a damn shame to have this problem...which Stang to have and when to get it. :rolleyes:
 
#7
Thanks for the coment on my 67, right now the market for clasic mustangs is absolutly outragous, if you bought a classic now and decided even after a year you didnt like it, you could easly get your money back out of it and possibly more. Its almost like investing in gold, but a lot more fun.
 
#8
I wheel and deal with 65-70 Mustangs. I am having a real hard time finding quality cars for a price I can resell. 65-66 coupes are bringing what fastbacks were bringing a few years ago. Let me know if I can be of any help either locating you a car or if you need advice before you purchase one. Get one now before they are priced beyond reach. Good luck.
 
#9
justford said:
I wheel and deal with 65-70 Mustangs. I am having a real hard time finding quality cars for a price I can resell. 65-66 coupes are bringing what fastbacks were bringing a few years ago. Let me know if I can be of any help either locating you a car or if you need advice before you purchase one. Get one now before they are priced beyond reach. Good luck.
Click to expand...

I'm curious...do you have any that you're trying to sell now?
 
#11
00redGT--Although my Fox (89 GT) was nowhere near as new as your 2000, I recently had a similar dilemma. Ever since I sold my 69 Chevelle about 15 years ago, I have itched for another classic. (Wonder how much that is worth now?!!?) I wanted a Mustang, but figured that I couldn't afford one. After looking off and on for a couple of years, I found one--actually from bigblue here on stangnet. I had almost resigned myself to the fact that I wouldn't find one, and I had to decide if I was willing to sell my Fox to buy it.

To make a short story long, I decided that the classic was exactly what I was looking for. I could afford it, and enjoy working on it while my son grows up. The clincher was this: Who knows how much harder to find and more expensive a classic will be in 2, 5, or 10 years. You think they're expensive now? Just wait. I HATED to sell my Fox, and I hope to get another one some time down the road--while keeping my classic, of course! But, it will be easier and less expensive to find down the road than a classic.

Ten years from now, which would be harder to track down and afford: a classic in good shape at whatever price the market dictates, or a 2000 similar to what you're driving now?

Sorry so long-winded!!!!
 
#13
CarFreakGT said:
00redGT--Although my Fox (89 GT) was nowhere near as new as your 2000, I recently had a similar dilemma. Ever since I sold my 69 Chevelle about 15 years ago, I have itched for another classic. (Wonder how much that is worth now?!!?) I wanted a Mustang, but figured that I couldn't afford one. After looking off and on for a couple of years, I found one--actually from bigblue here on stangnet. I had almost resigned myself to the fact that I wouldn't find one, and I had to decide if I was willing to sell my Fox to buy it.

To make a short story long, I decided that the classic was exactly what I was looking for. I could afford it, and enjoy working on it while my son grows up. The clincher was this: Who knows how much harder to find and more expensive a classic will be in 2, 5, or 10 years. You think they're expensive now? Just wait. I HATED to sell my Fox, and I hope to get another one some time down the road--while keeping my classic, of course! But, it will be easier and less expensive to find down the road than a classic.

Ten years from now, which would be harder to track down and afford: a classic in good shape at whatever price the market dictates, or a 2000 similar to what you're driving now?

Sorry so long-winded!!!!
Click to expand...

Thanks...this is exactly what's been pulling at me. The only thing stopping me right now is that I'm very sentimental towards my Stang. I've wanted a Mustang (specifically a Fox body) before I was 16. All through college, I thought of getting a 87-93 Stang because I didn't like the 94-98's. Then, when the "New Edge" 99+ came out, I was back on board and had to have one. Finally, I bought a Stang with all the features and color I wanted.

Well, time has passed some and that was before I really started considering Classics. I've always kind of liked them, but never really thought much about them because I didn't know anyone with them or that worked on cars. I just didn't consider them. Well, times have passed, those things have changed, and I'm dead set on getting one. Especially with the thought of resto-modding one. I love new tech in an older body and that's what I'll eventually shoot to have.

So...I think I have the wife all on board and now I just need to take a few photos of my first Mustang and hang the for sale sign on her. It'll be wierd on the warm wheather weekends not being able to just hop in it an go...but that'll be short lived...and for what I have in mind, it'll be well worth the wait.

Just so you know, I'm going after a car that's running and in decent enough shape that I won't feel a big need to do a whole bunch of stuff right away. I want something that is driveable to feed the need every now-and-then.

Thanks, folks.
 
#14
Mustangs are the hot ticket in town, my suggestion is to keep your eyes open in the papers and along the country roads you never know what you will run across when you least expect it, pick up the classic now if a deal comes along. The outer guys are right, the value is only going to go up and you can restore it later if money is the issue.
My goal was a 69 Mach 1 but couldn't find one within the price I could afford at the time or when I did they got snached up before I could respond. I found a 69 coupe in tough shape but reasonable price and with small investments over a time it was easy to handle and now I am almost complete and will enjoy the heck out of it.
You might want consider keeping the 2000 if that is your daily driver because you don't want to drive a classic in the Ohio winters.
 
#16
I'm in the same situation myself. Trying to decide if I wanna throw more money in my 99 Cobra or find another 67-68 coupe. I know no matter what, the older Mustang will only rise in value. My 99 on the other hand will keep tanking once the GT500 comes out which will lower Terminator prices, therefore making my car worth squat.

It also helps that I've already had a 67 and 66.... I could disassemble those cars in my sleep, haha.
 
#17
Well, I did make up my mind and my car is for sale. I know I want to get a classic someday, so why not now? The prices keep going up, so I'd rather get in now while prices are still somewhat reasonable instead of the high end. They've already gone up a fair amount since I've been strongly considering them. I also have my wife's support with this endeavor, so I need to capitalize on it and get moving.

Trading my '00 for a classic? That's an idea I'd be open to as long as trade was made even by value of cars or cash/check payment for the differential in cost.

Here's my car on Autotrader...I was in a good mood as I wrote up the add/description. So, it's a little wordy. I should probably shorten it. What do you think?

Hopefully the link works:

http://www.autotrader.com/fyc/vdp.j...=2000&start_year=2000&isp=y&lang=en&cardist=0
 
#19
I will soon be getting rid of the 04 in my sig for an F150. Indeed, it breaks my heart, but I just got a 65 with a 302 conversion, Edelbrock intake and carb, longtubes, leafsprings..etc etc for 1100. The thing runs like crazy, and is loud enough to wake the dead, and it also needs paint and interior wk. Will I miss my 04? So much it wil hurt, will I regret it? Noway. Like everyone has said, it's an investment.
 
#20
flashstang04 said:
I will soon be getting rid of the 04 in my sig for an F150. Indeed, it breaks my heart...Will I miss my 04? So much it wil hurt, will I regret it? Noway
Click to expand...

That's exactly what I'm going through...also, my daily driver happens to be an '01 F-150 Supercrew Lariat. Funny

Well, I have a line on one today. It's only a couple hours away. It's a 67 coupe with a 289 Hi-Po and automatic tranny. I can't actually buy it until mine sells, but maybe he'll accept some sort of "good faith" money to hold it?

He want's something near 8,500 for it. It has just over 75k original miles and is in good mechanical shape with new tires. It looks to be rust free, except one small bubblie area near at the corner of one fender. It's not exactly what I'm looking for (none really are), but I could easily make this one the way I want it.

I'll keep everyone posted.
 
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