What is a fair price?

[Michaelmcclay123]

Hey guys, so I'm interested in getting an SVO and I found one that's a low mileage 1984 model. He's got a sticker for $8200 on the window and I was wondering if this seemed fair?

Based on the research I've done it seems like that's top dollar for an excellent example... I was thinking ~$4000 seemed fair before I conducted my research, but I am curious what you guys think.

Thanks,
Michael

 

[broncojunkie]

Honestly, I don't think $8k is "completely" unreasonable, if it truly is low mileage and in excellent condition. The svo's are getting hard to find and (at least around here) fetching $2k+ for roached out non-running cars. I know I have well over $10k invested in my 88gt, and it's not low-mileage and still not prefect by any means. Not saying I'd pay $8200 for a nice svo, but I bet someone would... especially after shopping around for one. You definitely would be in deeper if you bought one to restore.

 

[Michaelmcclay123]

Well I only stopped to look at it for a short while and it isn't excellent and I can't confirm the miles. It's definitely "nice" it looks like it was used but kept in a garage for most of its life.

I see some people on classiccartrader.com and ebay motors asking (the operative term here) some ridiculous prices for admittedly excellent examples, but these people are asking $14-21,000!! I mean come on... the hard part is separating what people are asking and what cars are selling for. I've found some auction results and they are selling for anywhere between $4-7000. In fact one failed to sell last year at mecum with a bid of $4000.

I think one day the SVO will probably be an entry level collector car, and obviously the price will rise with that, but I don't see that happening for at least another 10 years... and maybe not even then because millennial don't particularly care to buy physical assets.

Yeah, I'm not looking to restore. What I really want it for is to make a decent autocross car that is still street-able and not gonna lose value. I also was thinking someone would buy it, but every day it's still sitting there... I've only been here a month, but the car has hardly moved and the glass paint is faded off like its been there a long while.