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We kinda thought that the car once completed, would be worth 45 to 60k. Guess that was a bit off.
Just a little bit but who knows in 5-6 years from now, you might be thinking should have bought it for 5k, If thats the asking price its not a bad buy at all.
The market is very soft right now. You can pick up project cars CHEAP. If you had the extra cash now would be the time to buy. I feel the market will rebound back on the values of the classics once everything starts to settle down.
I drove to Frisco TX and paid close to 10k for my 72 vert in boxes. It had most of the options I wanted and at the time I couldnt find a project vert under 14k. I also agree, figure what it would cost to get it back in shape and triple it (okay, at least double it).
In todays market I would figure a box project could be had for around 8K.