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Discussion Starter #1
Currently I am disassemblying a 1965 mustang fastback for paint and driver restoration to give to my son. I bought the car when he was born 7 years ago and drove him to school in it. This is my sixth mustang I have owned with five of them being 1969 or older. But they have mostly been standard run of the mill mustangs, two fastbacks and rest coupes. I am now turning my attention to aquire something a little more rare.

With a budget around $70,000, and thinking big block, any suggestions? I want it to be turn key, driveable (no trailer queen), 1970 or older. Essentially what can that budget get me. I saw a few Shelby's for 100,000-130,000 but I haven't done my research yet as far as if those are priced accurately.
 

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With that kind of dough to burn I'd be looking for a 68.5 Cobra Jet fastback. Second choice would be a 69/70 Mach 1 R code, perhaps a SCJ. Either car would have to be a 4-speed. IMO 70K may get you into the Shelby game but at the lower end, think 68 GT350 that will probably need a little work.
 

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I don't think you'll get a Shelby for that money, unless someone is just desperate. That said, there are a lot of desperate sellers right now, so anything is possible. Were it me, and I had that budget, I'd be trying to buy a 69' or 70' Boss 302. If you want a big block, 70k is right on target for a 69 -70' Mach1 428 CJ car. Whatever you do, make sure you pay what the car is REALLY worth right now. It's a buyers market, and a lot of guys that bought during the last few years paid waaaay too much for their car in an overinflated market. A lot of them haven't come to terms with the fact that the collector car market is in the dump right now.
 

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Wow, a $70K car for your son? Have you thought about adopting me?
Stan
 

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Discussion Starter #5 (Edited)
Wow, a $70K car for your son? Have you thought about adopting me?
Stan
No, my son gets the 65 fastback c code. I am looking for another mustang for me. I paid $6000 for the 1965 and having to put 10,000 in it now so he's gonna owe me a lot of yard mowings
 

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I don't think you'll get a Shelby for that money, unless someone is just desperate. That said, there are a lot of desperate sellers right now, so anything is possible. .............................." It's a buyers market, and a lot of guys that bought during the last few years paid waaaay too much for their car in an overinflated market. A lot of them haven't come to terms with the fact that the collector car market is in the dump right now.
please direct me to the "desperate Shelby sellers" web page. I've been looking everywhere for the "desperate Shelby sellers" but have not been able to locate them.

market no longer in the dump:

http://www.nytimes.com/2011/01/16/automobiles/collectibles/16AUCTION.html?_r=1&ref=collectibles

http://www.nytimes.com/2011/01/30/automobiles/collectibles/30AUCTION.html?ref=collectibles

http://www.nytimes.com/2011/01/30/automobiles/collectibles/30RESULTS.html?ref=collectibles

Z.
 

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Just be in Indy in may for the Mecum spring fling, with that kinda money a shelby can happen but the problem is since the economy is in the crapper people are buying gold and cars instead of stocks.

When you sell either you can hide from capital gains tax easier than stocks, so the market can be goofy.
 

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A few days ago I saw a beautiful, fully restored and documented Boss 302 go for $56,000 on Mecum. Except for some of Barret Jackson, the prices still look pretty low from what I have seen.
 

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shelbymustang.com has a 66 hertz driver quality (whatever that means to them) for $89K They also have a 70 gt350 for 58K. 70K sounds like a healthy budget. Have fun.
 

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Discussion Starter #10
What are some of the opinions of the auctions? I was alwas under the impression they brought more money than regular private sales. Is that wrong or is it just a matter of the bidders present at the auction? Looking at some of the previous sales on the auction sites, there are several cars I could be interested in.
A concern I have about buying a Shelby is the fact I do indeed want a car I can drive. I have reservations about driving a Shelby around, guess I think of them more in museums or private large collections. I have thout about the 68.5 or 69/70 428 Mach 1 cars. Would those be easier for parts than Shelbys? I have never been in a position before to own something like this. While I would be willing plop down a Large sum for a complete nice car, I don't have time to search for ultra rare parts. Is it correct to assume that if you have a Shelby you'll only want to replace with correct original parts that require hunting? Would that be different than a 68.5 cobra jet? I always was partial to boss 302 cars, but then again are they harder to find parts?
Like I said earlier, most of my knowledge is with more common models. I appreciate any info since this is a big decision and I would like to say I made an informed buy.
 

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For $70,000 you could have bought that "might be a Shelby with no VIN" on eBay last month and restored it to a "could be a Shelby".
 

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For $70,000 you could have bought that "might be a Shelby with no VIN" on eBay last month and restored it to a "could be a Shelby".
My high price escort service didn't take off until this month so couldn't of done it last month. But if it ever comes up for resale, hit me up, I'll consider it
 

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My 2cts on Auctions are, Mostly Idiots with a big checkbook and little common sense.
Most will get caught up in the hype and flashy BS and feel that they just have to have it no matter what the cost.
Very few Auctions will let you do a close inspection of a car for fear of it getting scratched before it goes on the block.

Private sellers can give you time to look it over and possiably find that flaw or two that my lower the price or give you a better bargining edge.
Also a chance to hear some history of the car or changes made.

As you stated a budget of 70k, I would be looking for the right car to come along for the right price from a private seller for the best and informed deal.
Other opinions may vary, but thats why they make chocolate and vannila.:)
 

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My 2cts on Auctions are, Mostly Idiots with a big checkbook and little common sense. .........."
there is a lot of truth is what you say. The articles I referenced are comparing current auctions to recently past auctions, so I think it is accurate to make inference that an upward trend in prices is taking place.

I'm more worried that long term prices are going to tumble when more and baby boomers retire and need to sell toys to pay for health care.

Z.
 

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I recommend you take a step back, and decide Exactly what you want! Then Shop till you drop! After all, it's half the fun..... Be patient, and the right car will present itself!
 

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Discussion Starter #16
I recommend you take a step back, and decide Exactly what you want! Then Shop till you drop! After all, it's half the fun..... Be patient, and the right car will present itself!
That's why I started this thread, to get ideas of years/models/combinations to research
 

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please direct me to the "desperate Shelby sellers" web page. I've been looking everywhere for the "desperate Shelby sellers" but have not been able to locate them.

market no longer in the dump:

http://www.nytimes.com/2011/01/16/automobiles/collectibles/16AUCTION.html?_r=1&ref=collectibles

http://www.nytimes.com/2011/01/30/automobiles/collectibles/30AUCTION.html?ref=collectibles

http://www.nytimes.com/2011/01/30/automobiles/collectibles/30RESULTS.html?ref=collectibles

Z.
I never said there were any "desperate Shelby sellers". I said I doubted he would be able to pick up a shelby for that kind of money, but there are a lot of desperate sellers in general out there right now "so anything could happen". There's a lot of people hurting right now that need some money, so it's entirely possible he could find someone who really needs the money and would be willing to give him a sweetheart deal.

I don't know if you watched the BJ auctions this year, but the prices were a far cry from what they were on the 07' auctions. I went to the auctions here on Sunday, and some of those guys were practically giving their cars away. There was one poor guy with some really rare Ranchero, and he had a $40k reserve on his car. Ended up pulling the reserve and getting $11k for it. A 69' Mach1, in really nice shape went for 16k. That's 10k under NADA value, and a whole lot less than I gave for mine. A 65 fastback went for 15k, and a 64 vert went for 11k, both were nice cars. It was like that all day, and pretty much nothing was selling because the reserves weren't being met. The auctioneers were practically begging the sellers to lift their reserves so they could sell something.
 

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I bought my car through a reputable locating service, and couldn't be happier. Although my budget wasn't nearly as high as yours (oozing with jealousy, I might add), they took the time to find EXACTLY the right car for me. Excellent pre-purchase inspection, etc.

There's a lot of crap out there, and since you're already in the midst of restoring one car - and are looking for a good quality driver - it might save you some time. Next time I'm in the market, I'll definitely call them again. If you'd like more detail, and a referral, please PM me.
 

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For me, either a 428 Mach1, Boss 302, or, if you can find one for $70,000, I think a 68.5 428 coupe would just be awesome for its rarity.
 
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