1971 Mach 1 Ford Mustang

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jlebenon
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Location: fourways,jhb

Re: 1971 Mach 1 Ford Mustang

Post by jlebenon » Mon 22 Jan 2018, 16:33

bottom line if we got the Marti Report it would say M code is the high compression 351c so that's pretty much the end of that argument ....
2006 lumina ute
1973 El camino 353ci

JR7800
Posts: 45
Joined: Thu 06 Nov 2014, 11:13

Re: 1971 Mach 1 Ford Mustang

Post by JR7800 » Mon 05 Feb 2018, 07:31

I am almost certain this is the same car (Option 2 on page one of this discussion):

I went to have another look at the car on Saturday. Lots of work to be done, rust,rubbers, interior and paint.

Anyone else had a look recently at this car? Opinion?

https://www.autotrader.co.za/used-cars/ ... 4bc0bda4b9

http://www.roadandrace.co.za/product/19 ... -v8-mach1/

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jlebenon
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Joined: Tue 31 Aug 2010, 11:48
Location: fourways,jhb

Re: 1971 Mach 1 Ford Mustang

Post by jlebenon » Mon 05 Feb 2018, 19:12

Same car ...
2006 lumina ute
1973 El camino 353ci

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ZA Perana
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Location: Cape Town

Re: 1971 Mach 1 Ford Mustang

Post by ZA Perana » Mon 05 Feb 2018, 21:40

jlebenon wrote:
Mon 05 Feb 2018, 19:12
Same car ...
Agreed.
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20vee
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Re: 1971 Mach 1 Ford Mustang

Post by 20vee » Tue 27 Feb 2018, 11:21

Spotted a further price drop to R399995 this morning

https://www.gumtree.co.za/a-classic-vin ... 0362428109

JR7800
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Joined: Thu 06 Nov 2014, 11:13

Re: 1971 Mach 1 Ford Mustang

Post by JR7800 » Tue 20 Mar 2018, 07:07

https://www.junkmail.co.za/classic-cars ... 02cc95f7ea#

So I took a flight up to JHB to go have a look at the 71 Mustang standing at Willem (above link).
Found the usual on such old cars, trunk completely rusted away, under carriage needs some work and then someone tried to close the hole where a sunroof was fitted and overheated the roof and now the whole roof is warped. So need a new roof sheet. Also do not think all the interior panels are there.

It is obviously that this car has been the project of 2 or more people in the past. Parts are everywhere with no real sens of what are there and what parts are missing. The engine is stripped and the parts (some at least) are standing in a bucked inside the vehicle.

Maybe I just do not know what these cars are selling for but this car is not worth R160k in my modest opinion. If they want to sell it for R90k I,ll consider it again.

The other mustang at bloomsbury has again come down in price. (https://www.gumtree.co.za/a-classic-vin ... 0362428109)

The vehicle started at R525k and is now down to R369k. Do anyone that have looked at this vehicle see something I am missing. Am I not seeing some serious issue with the vehicle and is this the reason for the price drop or are these vehicles just not worth the money?

What would you guys say the vehicle is worth as I do not want to buy a paperweight and not be able to sell it down the line without losing my ass.

Any thoughts on the above?

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ZA Perana
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Re: 1971 Mach 1 Ford Mustang

Post by ZA Perana » Tue 20 Mar 2018, 08:54

JR7800 wrote:
Tue 20 Mar 2018, 07:07
https://www.junkmail.co.za/classic-cars ... 02cc95f7ea#

So I took a flight up to JHB to go have a look at the 71 Mustang standing at Willem (above link).
Found the usual on such old cars, trunk completely rusted away, under carriage needs some work and then someone tried to close the hole where a sunroof was fitted and overheated the roof and now the whole roof is warped. So need a new roof sheet. Also do not think all the interior panels are there.

It is obviously that this car has been the project of 2 or more people in the past. Parts are everywhere with no real sens of what are there and what parts are missing. The engine is stripped and the parts (some at least) are standing in a bucked inside the vehicle.

Maybe I just do not know what these cars are selling for but this car is not worth R160k in my modest opinion. If they want to sell it for R90k I,ll consider it again.

The other mustang at bloomsbury has again come down in price. (https://www.gumtree.co.za/a-classic-vin ... 0362428109)

The vehicle started at R525k and is now down to R369k. Do anyone that have looked at this vehicle see something I am missing. Am I not seeing some serious issue with the vehicle and is this the reason for the price drop or are these vehicles just not worth the money?

What would you guys say the vehicle is worth as I do not want to buy a paperweight and not be able to sell it down the line without losing my ass.

Any thoughts on the above?
People here aren't going to like what I am going to say now but the reality is this sector of the classic car market seems close to dead to me, nobody is paying these silly prices, unless its a money no object collector or a one off custom car.

In my view if you buy and hope to retain value you are buying for the wrong reason to begin with. The fact that particular car has not sold is indicative of the market as a whole, I have driven that car, paged thought the many invoices for work done and would judge it to be one of the better Mach 1's out here BUT the market doesn't seems to accept the price being asked.

Me, I'd offer then R250k and tell them to like it or lump it. That is if you really want the car to begin with, personally I wouldn't pay R250k for a Mach 1. Back in 2001-2002 these cars were dime a dozen on the market for R50k and realistically I still believe few are worth north of R230k at most.
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JR7800
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Joined: Thu 06 Nov 2014, 11:13

Re: 1971 Mach 1 Ford Mustang

Post by JR7800 » Tue 20 Mar 2018, 09:24

ZA Perana, thanks for the response.

Personally I want to buy because I really enjoy vehicles and the look and sound of the older cars.

My comment " I do not want to buy a paperweight and not be able to sell it down the line without losing my ass." was made to see if someone out there, in this case you so far, also feel that the prices for these vehicles feels stretched and a bit unreal to me. You will most probably always lose money on a car, but that is ok if it was what you wanted. I just do not want to seriously overpay because sometimes you d buy with the heart rather the brain.

I had around R280k in my mind but highly doubt if they will sell it for that.
Thanks for the feedback.

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ZA Perana
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Location: Cape Town

Re: 1971 Mach 1 Ford Mustang

Post by ZA Perana » Tue 20 Mar 2018, 14:03

JR7800 wrote:
Tue 20 Mar 2018, 09:24
ZA Perana, thanks for the response.

Personally I want to buy because I really enjoy vehicles and the look and sound of the older cars.

My comment " I do not want to buy a paperweight and not be able to sell it down the line without losing my ass." was made to see if someone out there, in this case you so far, also feel that the prices for these vehicles feels stretched and a bit unreal to me. You will most probably always lose money on a car, but that is ok if it was what you wanted. I just do not want to seriously overpay because sometimes you d buy with the heart rather the brain.

I had around R280k in my mind but highly doubt if they will sell it for that.
Thanks for the feedback.
If they are clever....offer the R280k and tell them they have 3 days to accept or you walk away.

Trust me they will take it because that car has been on the market for a long time now..
Alfa GTV 3.0
Ford Capri Perana V8
Chevy Lumina Supercharged

Wait not for tomorrow to do what can be done today, live each day for one knows not what the next day may hold.

JR7800
Posts: 45
Joined: Thu 06 Nov 2014, 11:13

Re: 1971 Mach 1 Ford Mustang

Post by JR7800 » Mon 16 Apr 2018, 15:40

Anyone heard anything from Jarrod (jlebenon) lately?

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