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What is my car worth?

�What someone else will pay for it.� There is a difference between asking price and selling price. In most cases cars sell for hundreds or even thousands less than the asking price. There are publications which will list prices. Many use a numbered car rating system. For each price given, percentage amounts are added or subtracted depending on options. One publication is �N.A.D.A.� It uses a low/average/high value range. There are other publications as well. However, these prices cannot account for �appeal� of particular models. Colors, engine options, and transmissions can have a huge impact on a car�s desirability. You may have the rarest model because no one ordered a car that stripped down, and that rarity will not equate to value. On the other hand, a red car is common, but also very desirable. Use the guides as a first cut at value, then honestly appraise the condition and the desirability of its features. Remember that if it was so desirable, you would not be selling it!

How can I determine the condition of my car?

Collector Car & Truck Prices magazine gives one of the best ways to rate a car:

#1 - Excellent: A close to perfect original or a very well restored vehicle. Generally a body-off restoration, but a well done body-on restoration that has been fully detailed may qualify. The vehicle is stunning to look at and any flaws are trivial and not readily apparent. Everything works as new. All equipment is original, NOS, or excellent quality reproductions. (Very few cars meet this standard -- none that are regularly driven.)

#2 - Very Good: An extremely presentable vehicle showing minimal wear, or a well restored vehicle. Runs and drives smooth and tight. Needs no mechanical or cosmetic work. All areas (chassis not required) have been detailed. Beautiful to look at but clearly below a #1 vehicle. (A car driven only on the best of days. At others times it is garage kept and covered.)

#3 - Good: Presentable inside and out with some signs of wear. Not detailed, but very clean. Body should be straight and solid with no rust-through anywhere. Shiny, attractive paint but may have evidence of minor fading or checking or other imperfections. Runs and drives well. May need some minor mechanical or cosmetic work but is fully usable and enjoyable as is. (A car that is driven, but well taken care of.)

#4 - Fair: Runs and drives okay, but needs work throughout the vehicle. Body shows signs of wear or previous restoration work. Any rust should be minimal and not in any structural areas. Cosmetics, body, and mechanics all need work to some degree. (This is the typical driver car.)

#5 - Poor: In need of complete restoration, but is complete and not a rust bucket beyond repair. May or may not run and drive. Not roadworthy. (This is a driver car that is no longer being driven and has been allowed to sit outside.)

#6 - Parts or Salvage: Incomplete vehicle most useful for parts. Generally, take 40-50% of the #5 value. (This is a car that is not economically feasible to be restored.)

Here are some approximate market values for 1972 models:

Condition

6

5

4

3

2

1

302 cubic inch V8 code "F"

Torino

 

 

 

 

 

 

2-dr Hdtp

300

750

1250

2500

4400

6200

Gran Torino

 

 

 

 

 

 

2-dr Fstbk Cpe

350

900

1500

3000

5300

7600

2-dr Spt Hdtp

350

850

1400

2800

4900

7100

2-dr Hdtp

300

800

1350

2700

4700

6900

 

351 cubic inch V8 code "H"

Torino

 

 

 

 

 

 

2-dr Hdtp

400

1100

1800

3500

6100

8900

Gran Torino

 

 

 

 

 

 

2-dr Fstbk Cpe

400

1200

2000

4000

6900

10000

2-dr Spt Hdtp

400

1200

1900

3800

6600

9600

2-dr Hdtp

400

1150

1850

3700

6400

9300

 

351 cubic inch V8 code "Q"

Torino

 

 

 

 

 

 

2-dr Hdtp

450

1250

2150

4300

7400

10700

Gran Torino

 

 

 

 

 

 

2-dr Fstbk Cpe

550

1400

2400

4800

8300

11800

2-dr Spt Hdtp

500

1350

2300

4600

8000

11300

2-dr Hdtp

500

1300

2250

4500

7700

11000

 

400 cubic inch V8 code "S"

Torino

 

 

 

 

 

 

2-dr Hdtp

400

1150

1850

3700

6400

9300

Gran Torino

 

 

 

 

 

 

2-dr Fstbk Cpe

450

1250

2100

4200

7200

10500

2-dr Spt Hdtp

400

1200

2000

4000

6900

10000

2-dr Hdtp

400

1200

1950

3900

6800

9900

 

429 cubic inch V8 code "N"

Torino

 

 

 

 

 

 

2-dr Hdtp

400

1200

2000

4000

6900

10000

Gran Torino

 

 

 

 

 

 

2-dr Fstbk Cpe

500

1300

2250

4500

7700

11000

2-dr Spt Hdtp

450

1250

2150

4300

7400

10700

2-dr Hdtp

450

1250

2100

4200

7200

10500

 

 

 

 

 

 

 

Factory air add $500

4-speed manual add $750

  

 

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This page was last edited on 26 July 2007.