I’m really befuddled by some of the prices I’ve seen being asked lately, and I wonder just how many of the sellers are getting their price and who is buying the cars if they are getting sold. I’ve been around collector cars since the late 60’s and have yet to meet any Studebaker owners who spent any serious money on their car. They put a set of tires on the car, install a new battery, wash and wax it, and ask top dollar. I had a long conversation with a fellow recently who told me that his car had a recent paint job which he said was “really nice”. It had been done by Maaco and cost $800. Now this guy wasn’t in the hills of Alabama either. He was in a very expensive area of the country. My brother operates a very professional restoration shop, and when he walks out of the paint store with paint for one of the cars, he leaves the store with $1200 less than he went in with. That’s just for paint, no reducer, no catalyst, and no supplies, and he shoots PPG products.
Many of the things done to these advertised cars are simply “maintenance” items. Changing belts and hoses, changing fluids, and doing a brake job is not restoration. They are just things that should routinely be done. The strip and paint on my ’57 Chevy hardtop was $13,000 and it was ‘showroom’ quality work. $800 for a paint job?? Many of the cars are advertised as having less than 80,000 miles on them. Does anyone ever look at things like control arm bushings to see if those claimed miles are believable?
I’m almost on the verge of stopping my search. I’m not paying ’57 Chevy prices, or Golden Hawk prices, or even Speedster prices for my Studebaker. But should I stop looking? I called a fellow several years ago to simply tell him how nice his car was that he was asking $24,000 for. He asked me to make an offer but I wasn't about to embarrass myself or insult him. I spoke to him again about 6 months later and he had accepted $10,000 for the car. I didn't have the nerve to offer him $13,000. Go figure. The last Studebaker I owned was a ’55 President State Coupe and it had documentation for the 66,000 original miles and records by the piles. It took me 2-1/2 years to sell, ans I certainly wasn't asking any $20,000 for it. I say gave away.
Many of the things done to these advertised cars are simply “maintenance” items. Changing belts and hoses, changing fluids, and doing a brake job is not restoration. They are just things that should routinely be done. The strip and paint on my ’57 Chevy hardtop was $13,000 and it was ‘showroom’ quality work. $800 for a paint job?? Many of the cars are advertised as having less than 80,000 miles on them. Does anyone ever look at things like control arm bushings to see if those claimed miles are believable?
I’m almost on the verge of stopping my search. I’m not paying ’57 Chevy prices, or Golden Hawk prices, or even Speedster prices for my Studebaker. But should I stop looking? I called a fellow several years ago to simply tell him how nice his car was that he was asking $24,000 for. He asked me to make an offer but I wasn't about to embarrass myself or insult him. I spoke to him again about 6 months later and he had accepted $10,000 for the car. I didn't have the nerve to offer him $13,000. Go figure. The last Studebaker I owned was a ’55 President State Coupe and it had documentation for the 66,000 original miles and records by the piles. It took me 2-1/2 years to sell, ans I certainly wasn't asking any $20,000 for it. I say gave away.
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