*SOLD* 1968 Ford Mustang Coupe

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IndianaJones
Posts: 4864
Joined: Sun 23 Aug 2009, 17:39
Location: Citrusdal, RSA

Re: 1968 Ford Mustang Coupe

Post by IndianaJones » Thu 05 Nov 2015, 18:54

Could we ask that admin please split this thread, it has again become a Mustang value debate, and not part of the OP/Neels's For Sale thread. Thank you.
Waterhond wrote:If the average disposable income (after tax) in the USA is: R37 793 ($2719).
And the same average in South Africa is: R16 157.

Is it wrong then to argue that the above car's price will take up 772% ($21 000/$2719) of the USA person's salary, while a South African will have to put up 2 600% (R420 000/R16157) of his income to buy the same car at the price a South African seller is asking.
Your calculation might be correct, it is precisely why cars are more affordable in the USA, and that is not an argument, it is just a fact.

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Waterhond
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Joined: Sat 29 Oct 2011, 12:01
Location: Pretoria

Re: 1968 Ford Mustang Coupe

Post by Waterhond » Thu 05 Nov 2015, 19:50

Mustang Sally/Neels, please accept my apologies for intruding on your thread.

Pieter.

Buckaroo
Posts: 150
Joined: Fri 27 Aug 2010, 13:26
Location: Durban.

Re: 1968 Ford Mustang Coupe

Post by Buckaroo » Fri 06 Nov 2015, 11:19

Same here Neels, apologies, but it does all go to show that your asking price is very reasonable indeed.
www:amcarimports.co.za : New 67/68/69/70 RHD Mustang Fastbacks, Restomod: RHD 65-70 Mustangs, RHD Chevelle coupes, RHD 68 Camaros.
Amcar Imports : RHD 2012/13/14 Mustangs and Shelbys, F150 Raptor
Dynacorn Bodies.

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Mustang Sally
Posts: 267
Joined: Mon 22 Apr 2013, 21:42
Location: West Rand

Re: 1968 Ford Mustang Coupe

Post by Mustang Sally » Fri 06 Nov 2015, 14:42

Hi Guys

No apologies needed! :lol:

I'm really enjoying the discussion and agree with most of it.

You would have noticed that I started the thread by saying that the Mustang is "in the market". If it was for urgent sale I would probably have pitched it around 50k less and then negotiable. At present I am still having mixed feelings about whether to sell or keep and R400k or thereabouts reflects the current value to me that would make it worthwhile to sell. She wasn't built for the "For Sale" market but rather as a fun project for myself and so little extra things have been done - for example: the glove box has 3 bolts (way over designed!) and the middle one had been broken off many many moons ago. It has been more than strong enough with just the two bolts but I wanted her back to original so after one whole Saturday and 3 drill bits later the middle bolt has now been replaced. You can't see it unless you climb under the dash and it makes absolutely no difference to the strength of the box but it gives me a deep and persistent pleasure knowing it is there! And so with many other parts as well...

As for coming to a value: The base car cost me R140 000; there are around R150 000 worth of replaced parts in the car (When the exchange rate was R9.00 to the dollar - current exchange would make that around R220 000) And then there are the countless hours spent in, under, on top of the car. You will battle to do this project for much less than R350k.

The nice thing about the discussions on this thread has been the fact that it seems as if my valuations have been within a reasonable ballpark. It is one of the valuable spin offs of being on the Forum - you get some good unbiased opinions!! :mrgreen: :mrgreen:
68 Mustang Coupe RHD
62 Corvette
67 Dodge Monaco
52 Chevy 3100 496 project
356 Replica
76 AMC Hornet
62 Mk2 Convertible Jag project
73 Mk3 Cortina V6

Hi, my name is Neels and I have a problem... :lol:

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Mustang Sally
Posts: 267
Joined: Mon 22 Apr 2013, 21:42
Location: West Rand

Re: 1968 Ford Mustang Coupe

Post by Mustang Sally » Sat 14 Nov 2015, 20:22

SOLD - to first guy who took her for a test drive!
Thanks for the discussion guys.
68 Mustang Coupe RHD
62 Corvette
67 Dodge Monaco
52 Chevy 3100 496 project
356 Replica
76 AMC Hornet
62 Mk2 Convertible Jag project
73 Mk3 Cortina V6

Hi, my name is Neels and I have a problem... :lol:

brennan67
Posts: 328
Joined: Fri 18 Jul 2014, 23:43

Re: 1968 Ford Mustang Coupe

Post by brennan67 » Mon 16 Nov 2015, 07:39

Nice one !

may i ask why did you get for her ?

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Mustang Sally
Posts: 267
Joined: Mon 22 Apr 2013, 21:42
Location: West Rand

Re: 1968 Ford Mustang Coupe

Post by Mustang Sally » Mon 16 Nov 2015, 13:22

Hi Brennan
I let her go for R350k. Family friend who twisted my arm :mrgreen:
68 Mustang Coupe RHD
62 Corvette
67 Dodge Monaco
52 Chevy 3100 496 project
356 Replica
76 AMC Hornet
62 Mk2 Convertible Jag project
73 Mk3 Cortina V6

Hi, my name is Neels and I have a problem... :lol:

brennan67
Posts: 328
Joined: Fri 18 Jul 2014, 23:43

Re: 1968 Ford Mustang Coupe

Post by brennan67 » Mon 16 Nov 2015, 14:32

I think thats a fair price for both parties to be honest. Probably could have got a bit more if you had waited it out, but often your 1st offer is your best offer is something I have learnt when selling.

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Mustang Sally
Posts: 267
Joined: Mon 22 Apr 2013, 21:42
Location: West Rand

Re: *SOLD* 1968 Ford Mustang Coupe

Post by Mustang Sally » Mon 16 Nov 2015, 16:59

Thanks Brennan, completely agree with you - fair both ways. Made it easier that she went to a friend.
68 Mustang Coupe RHD
62 Corvette
67 Dodge Monaco
52 Chevy 3100 496 project
356 Replica
76 AMC Hornet
62 Mk2 Convertible Jag project
73 Mk3 Cortina V6

Hi, my name is Neels and I have a problem... :lol:

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