69 Baracuda potential value question

Philip d · Jan 2, 2020

Awhile back my father in law bought this car and had intentions of finishing it himself and possibly selling it. It has new interior, rare black vinyl top, all the chrome is either redone or new. The engines been rebuilt, basically mostly what?s left is paint it and reassemble the glass/trim& mouldings. It?s an original 340 car but this car is NOT numbers matching. The dealer that is storing the Ford GT I posted about a week ago does have a numbers matching completely restored car identical to this one only a 4 speed and they?re asking $69 000 CDN for it and they said if it was a non numbers matching it would be worth approximately half of that. My father in law hasn?t been feeling the best since he bought it and hasn?t done a lot with the car now he?s basically just trying to get rid of it to get his money back. My question is, if I can talk him into it would it be a smart venture to buy half of the car then we take it to a guy near here that is very reputable at doing projects like this then if he still wants to flip it we split the expense and potential profit? He?s asking around 18 000 for the car as is where is at the moment black paint included. He?s flipped a lot of cars since I?ve met him and has a good storage shop at their place. I?d buy finish and enjoy the car myself but I?m the only one in our house that sees the beauty in anything antique as far as cars/trucks/tractors go.

caterpillar guy · Jan 2, 2020

I have not followed car prices in 30 years. Not sure that a 69 cuda with a 340 is all that common that it would be that big a difference in price over a numbers matching car. Though I am sure there is some differential for the numbers not matching. As it sets it is not worth much with all the work left to do.

johnlobb · Jan 2, 2020

Buy the latest issue of "Hemmings Motor News". That 340 was rated at 275 HP, but was thought to really have around 325 HP. My brother had a 340 in a '69 Dodge dart Swinger and it was fast. Turned a 13.05 with it at Detroit Dragway...

Geo-TH,In · Jan 2, 2020

I live where they salt roads in winter. The sub frame on my 67 cuda was totally rusted out. In 1979 while driving over RR tracks the torsion bar holder was so rusty the front left wheel dropped down revealing everything was rust.

I would look closely at the sub frame for rust

Business partnerships almost never workout.

Doing business with relatives almost never workout.

George

Janicholson · Jan 2, 2020

Remember the car shop with the numbers matching is an asking price and the car is not moving. in my opinion you could help him sell it, and take a cut. But unless you are enamored with it to have and hold, I'd shy away from having another 10 grand in having somone else make it pretty. Jim

cole in mo. · Jan 2, 2020

I always heard it was only Gm that had the numbers matching thing, may be wrong, as for the engine, it would have to be verified it was the 340, and not a 318 or 360.

MSM · Jan 2, 2020

Better off selling it the way it sits, if you send it to another shop, and put 10-15k in it to make it driver quality and sell it for 30k all you are doing is rotating money. To finish it as a restored numbers matching car you need a correct date coded block, correct date coded accessories(alternator, wiper motor, starter, correct bolts nuts and hardware) it wouldn't be hard to spend 30-40k to finish it correctly. If it was a 383 or hemi fastback it would be worth restoring.

Sprint 6 · Jan 2, 2020

The place wanting $69K ($53K US) for basically a base Barracuda is dreaming. That car will probably end up selling in the sub $30 range. 4 speed is all it has going for it. Old Chryslers don't have the value of GM or Ford unless Hemi or Six Pack equipped.

Unfinished projects are worth about $.25 on the dollar of what is invested. The absolute best you can hope for is to break even. To get $18K for a base Barracuda without numbers matching, it is going to have to be perfect in every other way. You also might want to consider doing away with the vinyl top, not a popular thing to have on a muscle car. Restoring cars is like restoring tractors, to do it right, there is no money to be made unless it is a rare, or historically significant, model. There is no way to flip them without cutting corners.

Butch(OH) · Jan 2, 2020

I am not in any way a Chrysler expert but am experianced with GM cars of that era. First thought was you need to be very careful of comparing the value of your car to car B sitting at a dealership for a host of reasons.
Their asking price could be out in left field.
The car could also be priced right and worth 3X yours due to desirable/rare options, pofessionaly and correctly frame off 100% restored which is a whole different deal than a 90% ameture job no matter how proud you are of it.
My second thought was in spite of my admiration of the guys who post here this is not the best venue to collect quality information on a mussle car (except for me of course, LOL). Certainly there is at least one web forum and more likely a half dozen that deals in Mopar mussle cars. Find one of those and remember always that anyone can say it worth XYZ but the only opinion that realy matters is the guy with cash in hand. When I was Camaro shopping the best information and advise came from walking a few car shows and asking guys that actually owned similar cars to what I was looking for. Any way you head with it good luck! nice car!

phil25 · Jan 2, 2020

Morning: Quite a project for a busy person...I found as others said, time and expense will never be recovered, when I
built up my 48 truck. Some of those younger students might be interested, compared to us older dudes,that "have been there and done that"
You could check with the PEI Antique Car Club [guessing at the actual name] but a club should be a good source of value, process, and
maybe a sale as is? And they have contacts in other clubs, etc, etc....
Kijiji of course might be useful as a reference and sale.
keep your stick on the ice

Philip d · Jan 2, 2020

Ya the more I think about it that way it would be better off sitting and me keeping my hands out of it,most likely end up causing family issues and loose money to boot.

M-MAN · Jan 2, 2020

I would steer clear of that rabbit hole.

Mutt and Jeff · Jan 2, 2020

Hagerty has it at 14K drivable and ok condition
https://www.hagerty.com/apps/valuationtools/search/auto/Plymouth/Barracuda/Base/1969

Super H Mike · Jan 2, 2020

My personal advice would be to stay out of it unless you want to keep it for yourself and your own enjoyment. The old car market is still soft despite what you see on TV.

Billy Shafer · Jan 2, 2020

69 for the shape it is in. Somebody is dreaming. If he has no cleat tittle to it. Some one is really dreaming.

Traditional Farmer · Jan 2, 2020

The pool of customers for that unfinished car compared to a drive away car is dramatically smaller.Tractors,cars,trucks that have had a restoration started is Bargain Time in most people's
mind that buy those type projects.Add in the family angle then its Run Forest Run time.

ss55 · Jan 2, 2020

For a rough comparison, in the 1990's I had a 1968 Plymouth Sport Satellite that was originally a 383 car, with non-numbers matching 440, automatic, white with maroon interior, in good condition, that a previous owner had spent $4,000 for a body shop to prep and paint (very nice). I bought it and sold it five years later for about $6,000 in both transactions.

To be honest, I really doubt that the car would bring in anywhere close to $18,000 CND ($13,860 US) when it is completed. I would value the Barracuda at around $10,000 US maximum when it is completed. Subtract your costs and labor to get it finished.

They are fun cars to play with, but now-a-days they are impractical to drive much, and most potential buyers are now downsizing for retirement.

ohiojim · Jan 2, 2020

little confusing, you say rare vinyl top and 4 speed, the pics show neither..

Philip d · Jan 2, 2020

Sorry,the one at the dealers a 4 speed,this ones automatic. The car came with vinyl when new and he has a new top for it.

timcasbolt · Jan 2, 2020

(quoted from post at 17:57:16 01/02/20) Sorry,the one at the dealers a 4 speed,this ones automatic. The car came with vinyl when new and he has a new top for it.

I'm not going to try to advise you on what to do, but I will say that old Mopars with high performance engines can sometimes go for stupid prices. You might have something worth a lot of money. Best advice I can offer is to find and talk to someone who knows their mopars and go from there.

David G · Jan 2, 2020

I believe you are best not to put in any more money, put it on eBay, take nice pictures, talk it up.

I am not an expert, but things that people restore are generally not worth near what they think, I would not be surprised the car is worth half what he thinks.

Geo-TH,In · Jan 2, 2020

Almost like restoring antique tractor. Dump more money in 4 new tires and rims than you can sell it for.

David G · Jan 2, 2020

Tell me about it.

I probably have 8K in my MH44 EFI, it is a 2500 dollar tractor.

Geo-TH,In · Jan 2, 2020

David,
I bought a Jubilee for $5k even though it was worth half that. It came with a 6ft woods mower, new Goodyear rear tires and rims and receipts showing the engine had a complete overhauled.

The man had in excessive of $5k in parts and tires. So I bought parts and a got a Jubilee
For free .

No regrets. Engine doesn't use a drop of oil, doesn't smoke, runs great. It's my lawnmower. Soon to be retried. Actually a backup up tractor. Kubota will be my lawnmower and SNOW plow once I get pole barn complete.
George

69 Baracuda potential value question

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