Was selling to your friend part of your pricing determination? Seems like you left a lot of money on the table.

 

The price seemed pretty reasonable and fair to me. I had looked at bring a trailer to see what coupes were going for. But apparently I’m out of touch with reality ?

I was asking $30k, figuring realistically I would probably get more like $25k. The car isn’t perfect; the body gaps aren’t perfect and the passenger side door gap doesn’t line up well with the quarter. The trunk lid isn’t gapped perfect. Things I just never finished because I wanted to drive it. Some of the window seals still leak air even though they’re all new. The restoration is 8 years old already. And it’s a coupe, San Jose car that was originally a 6er.

I probably could have got more if I auctioned it but it makes me feel better for it to go to him.

 

I agree 25k seems like a steal for the car. She's a beauty!

 

Well if y’all are just going to say it’s a steal then you ARE going to make me feel bad

 

I think it was a good deal for all concerned. You did the right thing.

Z

 

Need more info on the 78 LTDII please!

 

Pic from when I had it purdied up in 2000. It’s undergoing full frame off resto now.

 

You put a lot of time and effort into rebuilding that car! I bet you had fun doing it though and learned a lot along the way. Cool that your friend and the former owner bought it back,,,he defiantly came out ahead on that deal! Good decision with the other 3 projects and property addition in the works. We are just stewards of these things and you will get to drive it again!!

 

Buying and selling is a part of the hobby. I hope your friend enjoys the car.

 

I understand where you’re coming from, and congrats on a good sale (personally, I think $25k is a very good price for both you and the buyer). It seems the coupe market has cooled a bit since the peak a year or 2 ago, IMO.

I moved on from my ‘65 as well and gave it to my dad. I honestly don’t miss it, and if anything am happier knowing I’m not looking at it every day not being driven and enjoyed. So I totally get that.

 

That is awesome. Would make for a great build thread. What's under the hood?

 

The original 351M I’ve converted to a .040 over 400, making it a 406 (or is it a 409?). I swapped in a crank from a 400, added some high compression pistons, a torky cam (I forget specs) and a Weiand intake. Polished the stock heads. Aftermarket performance parts are pretty slim pickings for these motors but it can make a boat load of torque if done right. I’m following an engine build Ford Muscle did to the T. They did a cheap build using stock heads and exhaust manifolds and got 460 ft-lbs torque and almost 400 horsepower if I recall.

Truth Be told I actually got a lot more comments on that car than my 67.

 

You're probably right about the 25k the recent BaT examples are right in that range - auction fees. That cash will go a long way in your other projects good luck!

 

Good for you. It is a win for you to build your garage, and a win for your old roommate, because it’s special to him. He has his old car back to hop in for a cruise.

 

My old roommate’s dad had originally given him the money to buy the car. My roommate bought it when he lived in Hollywood. It had originally been fixed up to sit on movie sets. The body was lipstick on a pig.

My old roommate moved back to Iowa and brought the car with him. He blew the 289 BIG LEAGUE shortly after.

Said roommate later wants to move to Taiwan, lists stuff for sale. I see a 67 Mustang on the list that he’s said absolutely nothing to me about. I’m like “how have I been living with you and had no idea you had this?”

So I bought it from him for $3200 to help fund his mission trip.

Now he is helping fund my shop.

The car is going back to the very same barn I originally pulled it out of. It was a barn on his dad’s farm. His dad died last year and old roomie has the farm now. So he has an attachment to his dad through the car since he gave him the money to buy it and it had lived there. Now he will get to enjoy his old car with his kids that his buddy restored.

This has been a known thing for several months now. He ordered a car cover for it, sent to me, custom monogrammed with my initials and the dates 2009-2015 that I had it in restoration.

So a nice story all around.

he’s driving out here to SW MI from Iowa today to pick it up. And honestly I can’t wait to see his face when he sees it for the first time in person.

 

Although I think your selling price was low, the story and people involved certainly offsets any differences. Value isn't just about money and most importantly both parties are happy.

 

If it were anybody else I would not have budged from $30k. But I hadn’t actively advertised it, he just saw that I mentioned on Facebook it was up for sale and he wanted to buy it. So that meant I also didn’t have to deal with a horde of tire kickers and strangers coming to my property.

 

You should have no regrets whatsoever. Selling it to your old roommate, with the connections that he has to the car, brings everything around in a full circle.

I had a Tiger. I was not the original owner, and it had a good bit of rust. In '77 I sold it to an older fellow who was going to restore it rather than a kid who wanted to drag race it. I felt better about its new home and the extra money the kid offered didn't make up for the nostalgia of the car. After all, we're just trustees of these cars for the next generation.

 

Very nice Pony and even nicer story!

 

I can’t find any fault in this, and you know I would if I could. You left some money on the table but your rationale totally explains why. I get the building part big time, I’m constantly in need of another building. I also dig the LTDII as well. All I ask is that you stuff a lot of tire in those wheelwells, think NASCAR big.

 

With the curved MC bar it wasn't worth more than $20K anyway...
Congrats, cars may come an go but good friends are normally forever. The difference in possible gain seems minimal as someone would have haggled down to 28, etc. Glad it went back home.

 

By the way, I was on the opposite side of the story for my LTDII posted above.

My dad ordered that car from the local Ford dealer in 77. Eddie Johnson Ford in Pisgah Iowa. I remember (vividly) riding in that car as a kid and pretending to talk on the CB radio he had in it. There’s even a picture of me as a kid washing the car. They sold that car when I was around 6 or so.

Fast forward. I’m 16 now and we’ve moved halfway across the state. The guy my dad sold it to has it up for sale. We buy the car back for $675. I had loved that car. A kid at my high school had an Elite, I loved that car because it reminded me of my dad’s.

So I fixed it up in high school, got a cheap paint job. Now I’ve been doing a full rotisserie restoration and it will probably be a show winner, it’s certainly unique. But also special to me. It will be the one car I’ll never sell. My dad died in 2018 and I was close to junking the car but when that happened I knew I couldn’t

 

Sounds like it's going to a good home Josh.

 

More proof we are just care takers of these old cars. I've considered many times selling my '66, or the whole collection, but my wife won't let me sell my '66 and myself and my family won't allow me to sell my dad's '64.5. Congratulations on giving the previous owner another chance of enjoying that car.

 

Hey Josh, only you know when its time to make a change or change things up. You did a nice job on the car and no doubt learned a lot along the way.
I know what you mean about the "new building". I bought this farm 5 years ago and it just happened to come with a newly added 42'X80' metal building.
I built a room to put my machine shop in. I added a new 2-post lift and have another 4-post I've not yet installed. All my toys and projects are under one roof !

Next time your down this way, you need to stop by.

 

Hey Josh, only you know when its time to make a change or change things up. You did a nice job on the car and no doubt learned a lot along the way.
I know what you mean about the "new building". I bought this farm 5 years ago and it just happened to come with a newly added 42'X80' metal building.
I built a room to put my machine shop in. I added a new 2-post lift and have another 4-post I've not yet installed. All my toys and projects are under one roof !

Next time your down this way, you need to stop by.

Usually I make the pilgrimage down there once a year, usually in the fall. I need to add you to the schedule next time.

 

Besides, I will make him let me drive it when I’m back in Iowa

So...... how far is he from me?? Dike? LOL... I'm sure you'll be cruisin the '9 here shortly anyway

 

Besides, I will make him let me drive it when I’m back in Iowa

So...... how far is he from me?? Dike? LOL... I'm sure you'll be cruisin the '9 here shortly anyway

Maxwell. So, close to Ames because that’s where we were living.

 

Always loved that paint job on the 67. What color blue did you use?

 

Look at my signature

 

I once sold an early 289 (5 bolt bellhousing) along with the early toploader very resonably to someone I hadn't met before, because he was going to use them to complete a cool project. Pay it forward...

 

I once sold an early 289 (5 bolt bellhousing) along with the early toploader real cheap to someone I hadn't met before, because he was going to use them to complete a cool project. Pay it forward...

Alright, what was the project?

 

If you’re happy with your decision, then that’s all that counts.
Beautiful car.

 

So now a '67 hardtop automatic is a steal at 25k when just yesteryear there was no such thing as a 20k "coupe"...

Congrats @Lizer , I'm thinking you're happy with that number. I have about 30k in the 66 GT (not counting labor). Not sure what my number would be...

Allen

 

So now a '67 hardtop automatic is a steal at 25k when just yesteryear there was no such thing as a 20k "coupe"...

I mean, that’s kind of what I thought too

 

So roommate, who we’re going to call Adam, gets here at 5:30 today. I reveal the car to him and of course is reaction is priceless. Then I took him out on a drive and really smashed on it a few times. Spent some time showing him everything on it…showing him things that are different as well as things that are still the same things from when it was his.

Went out for dinner at a good brewery tonight and had a good time catching up. He’s staying here tonight and at some point tomorrow we’ll get it loaded up. He is going to take very good care of it so this is 100% the right arrangement. I think I’m happier seeing it sitting in his place than mine.