Topic: 1969 shelby gt500 price

[ptosborn1111]

I have located a 1969 Shelby GT 500. It doesn't have the correct 428 in it nor does it come with. It is listed to have all original sheet metal and interior. I believe it has 66k miles on it. It has had 1 paint job as well. Does 70k sound right for the price?

What do I look for otherwise that may lead me to walk away if this price is too high.
I haven't seen this car in person yet so do not have any other info. Sorry. Just looking for some initial guidance and obvious things missing.

Also, a 1969 GT350. It is 52k??? Has all original drive train and interior but was restored a few yrs ago.
Pat

[J_Speegle]

I have located a 1969 Shelby GT 500. It doesn't have the correct 428 in it nor does it come with. It is listed to have all original sheet metal and interior. I believe it has 66k miles on it. It has had 1 paint job as well. Does 70k sound right for the price?

Not ignoring you but I've always been terrible with guessing what something is worth and what others will pay for. Only guidance I normally offer is what ever the price compare it to what else you could buy with those same dollars today and use that as a guide to the question "is it worth it?"

Sure others will pipe in with an idea of possible value but in my way of thinking I think the asking price is more than its worth considering what you'll have to spend to finish it. Better buys are typically complete well done cars with a solid history and no stories

What do I look for otherwise that may lead me to walk away if this price is too high.

Depends allot of your planned usage and comfort level. Basically everyone says they want an investment that can drive and enjoy - not losing money in the process.

Anything to look for IMHO is things that will/could hurt you at resale time

Just some - again their value depends on where you place value

- Cheap paint job and poor body work

- Missing parts (many things on the Shelby will almost automatically cost $500-1500 and up)  Smog, snorkel, air cleaner, dist, valve covers...... With this example (the GT500 if your missing the engine I'm guessing that maybe the trans is gone also but most likely all the engine accessories are to

- ANY rust repair or damage repair. Clipped, rebodied.......

- ANY rust

- Replacement/reproduction fiberglass


As for the GT350  restored means allot of different things to different people as we see on other sites all the time. Might be a decent buy but would have to know allot more about the car - check the history of the car (the SAAC registry can often fill in gaps or provide some good insight with such things) Remember with a GT350 that just about everything cost the same as a GT500 but you'll get dimes on the dollar when it comes to resale time - a very general comment

Just me

[ptosborn1111]

Thanks Jeff. Super info for me to consider. I can only imagine what it would take to find a correct 428 block or engine for this car. Then it still isn't the CORRECT engine that came from Shelby. I know this car came out of private collection and is maybe a 2nd owner car (2nd owner is the guy that has it now). He did tell me the car was produced in Jan and the block in Mar of the of the same yr. Also there is no replaced panels and only the paint job.
I do not know if there is any smog equipment missing (guessing there is) and he DOES have the original distributor and carburetor.
His exact words, "For all I know is that the dealer may have replaced the block in 69".
I will attempt to take a guy with who ran the land record speed in stock with a 68' 428 coupe (we talked about this car on the phone) and he was a Cleveland district service tech for many years. Also owns a 68 GT500KR vert.

I wanted your guys opinion on this as well  because your around it all the time.
Another guy I know how owns a 68 GT500 (VERY well documented as a court exhibit during Shelby/Ford suit) and he also believes 60 should be the highest.

I will steer well clear of this given all the info if it proves to be to bad.

As for the GT 350. It appears nice in the pics but you can see a pretty large gap between the hood and fender. That is the hood sits higher than the fender. This car maybe a little far to travel for me. It's on craigslist in Indiana (Indianapolis).

Again thanks for the great info and taken to heart.
Pat

[TLea]

As for the GT 350. It appears nice in the pics but you can see a pretty large gap between the hood and fender. That is the hood sits higher than the fender.

Sounds like a nice original car to me 
pretty common even on unrestored cars

[J_Speegle]

Sounds like a nice original car to me 
pretty common even on unrestored cars

+1  Common issue for 69's   Owners often will remove the hood springs before storing/putting the cars away for the off season in an effort to reduce the bow or eliminate it

Pulled a set on a 69 a couple weeks ago  just to keep this from happening