Your thoughts needed with this debate

[kevink]

My wife has asked me how rare I think my car is in today's world. It is a 1968 440 R/T Charger with all numbers matching from one end to the other four speed car. The reason the debate has come up I have someone that has offered me $90,000 for it. The car has had a full restoration with ever nut and bolt sandblasted and painted within the last year. 83,500 original miles on her. I am not excited about selling it but $90,000? Please share any and all thoughts.

[Fitz73Chrgr]

Beautiful car, plus a 4-speed to boot. 

My guess is fair asking price if you were looking to sell would be $75k. 

I think I would sell it at $90k.  Seems like a pretty generous offer. 

I'm sure others will have a different opinion.   

[XH29N0G]

It depends on you and your wife's goals in this. 

If it is considered as an investment and the price appeals (and covers what you have in it) then consider selling. 

If not, you can decide what to do depending on what you would use the 90K for and weigh against that. 

I suspect you are asking whether that is a sell at price or not?  That I do not know, but someone else will.


For me, I see my car as something I enjoy.  My car also has a clause to be bought back by the previous owner for $1000 if I ever decide to sell.     My dad has plenty of other cars now, so I don't think he would hold me to it, but I won't know until the time comes.

[HeavyFuel]

Is it your dream car?  Did you put any of your own blood, sweat and tears into it?

If not...take the 90K and laugh all the way to the bank.

[INTMD8]

Would you try to replace it?  If so could you find a nicer one for less money?  If not, keep it.

If you're undecided, counter at 100 and see what happens.

[Daytona R/T SE]

Ask the flipper how much is he going to ask for it next week 

[RallyeMike]

My guess is fair asking price if you were looking to sell would be $75k.

I think I would sell it at $90k.  Seems like a pretty generous offer.

That is a great selling price. So it just comes down to non-financial questions that only you can answer....e.g. how much do you love the car, are you in the market for something else, etc.

Of course, reasonable or better offers are often hollow. When it comes time to pony up, people are usually just blowing smoke.

[A383Wing]

Ask the flipper how much is he going to ask for it next week 

That was going to be my answer in here as well.....

I'm also thinking in todays market that you would be hard pressed to either find another one to restore for that kind of money. I have seen rusted out body shells go for $15k or more.....personally, I think you would be taking a loss here, and $90k is way too low for your car.

And, I also think a week after it's gone, you are going to have sellers remorse...I know I am going to have remorse next week when one of my 4spd cars goes to it's new home across the country

Bryan

[John_Kunkel]

Bird in the hand. Who knows what the market will be like in a few years.

[70 sublime]

Think I would look around and have a good plan in place to buy another car before I sold the first one

These two listed are in Canadian money so after the exchange rate you would make out alright with cash left over

https://www.kijiji.ca/v-classic-cars/mississauga-peel-region/1970-charger-rt/1531503956

https://www.kijiji.ca/v-classic-cars/mississauga-peel-region/1970-charger-rt-440-six-pack-v-code/1532312372

No idea on the quality compared to yours

Think I remember a little while ago you were actively looking for another Charger so you should know what prices looked like compared to what you have now

[kevink]

Replacement is gonna be nearly impossible. I haven't seen any 1968 numbers matching 440 four speed R/Ts up for sale at any price. Thanks for everyone's input.

[Challenger340]

My thoughts are this....
Now.... moreso than ever before in our history, 'money' as we know it.... has lost much of it's value as a 'store of wealth' into the future ?
With the shear amounts of money/stimulus/QE or whatever you want to call it that has been printed out of thin air... and a complete and utter lack of any 'interest' or "premium" for holding that money over time ?
Any so-called "money" you sell your Charger for today....
IMO.... should be considered only as good for whatever it can be used to purchase something else with on the same day as a replacement 'asset'
Because....
and again here... in my opinion only...
"Holding" on to that money over time as a "plan" is an absolute guarantee of a loss in purchasing power into the future ?

Ask yourself....
Do you really believe the DOW Index at close to 30,000 is based on REAL Values ? or Business Fundamentals ?
NOT a chance....
it's just people trying to get OUT of Cash and buy ANYTHING that may hold 'relative' value into the future  ! including YOUR Charger !

[Just 6T9 CHGR]

Take the offer and run!

[orange383]

If you are not desperate for the money then keep it. Once that car is gone it's gone!

[70 sublime]

Replacement is gonna be nearly impossible. I haven't seen any 1968 numbers matching 440 four speed R/Ts up for sale at any price. Thanks for everyone's input.

Maybe you need to buy this one from Chris 

https://www.youtube.com/watch?v=cZEVdgpVsVc&ab_channel=Junkerup%23chrisbirdsong

[hemi-hampton]

I think the offer is way to generous, But if you do have alot of sentimental value in it & love it & can't live with out then keep it. if not Sell it.

[JB400]

Have you got your money's worth of enjoyment out of it?

[jakeallcars]

Hit 'em high. Where else are you going to find a recently restored numbers matching 68 4 Speed for under 100K?

[70 sublime]

How did this guy with the big offer find you with your car that was not for sale ??

[fastmark]

It really depends on what you think the future holds. If you want another 68 Charger 4 speed car, then don't sell it. If you think the world is changing for the worse, then sell it and invest in something more stable. Cash is not it, btw. I don't think the stock market is going to keep going for long either. I'm diversified. I have cars, some cash, real estate, some gold,  ( not enough, probably), lots of lead and food. If it comes to that, cars will not be worth much. I think we're somewhere in the middle. Inflation is driving everything right now. I think that may come to an end and well have a recession. Our cars will be worth less soon.

[RiverRaider]

If you don't need the cash and it is not you dream car I would sell.  I don't see the economy booming in the next two years. Considering covid and the new political changes by late 2021 early 2022 90K cash in hand will have serious buying power for either cars and especially business real estate.   

[kevink]

70 Sublime, that survivor Chris has is for sale?

[Mike DC]

  

If you don't need the cash and it is not you dream car I would sell.  I don't see the economy booming in the next two years. Considering covid and the new political changes by late 2021 early 2022 90K cash in hand will have serious buying power for either cars and especially business real estate.  

                   
The US economy is one thing.  But the market for top-notch muscle cars is increasingly worldwide.

 

[RallyeMike]

Replacement is gonna be nearly impossible. I haven't seen any 1968 numbers matching 440 four speed R/Ts up for sale at any price. Thanks for everyone's input.

If your plan is replace it in kind you also need to factor in the cost/time of finding, fixing, upgrading, taxes, registration, etc. of a new car. $90k starts to become a net of something less - especially in my State where you have to pay 10%+/- tax every time you buy a new or even used car. It benefits one to not rotate through a lot of cars here.

[JR]

I'd have a hard time turning that down.

[Mike DC]

If your plan is replace it in kind you also need to factor in the cost/time of finding, fixing, upgrading, taxes, registration, etc. of a new car. $90k starts to become a net of something less - especially in my State where you have to pay 10%+/- tax every time you buy a new or even used car. It benefits one to not rotate through a lot of cars here.

This. 

[DAY CLONA]

68 Charger, 440....90K, Take the money while it's still on the table

[tan top]

 awesome looking charger ! nice color     
on one hand  if you want to complete change from a second generation charger !  try upping the offer to 100k, & see what happens & take anything over 90k.
on the other hand , if you still love second generation chargers & think i'll be able to get another in the same condition for a fair bit less , it wont happen ! doubt you could even buy the same charger again for 90k in the same condition once its sold.
 

[triple_green]

Downpayment of a 69 daytona...

[DanielRobert]

I like the 'bird in hand ' comment. $90k is very generous....take it and don't look back...we get over these things, especially if you have something else to keep you busy.

[hemi-hampton]

couple people said ask for $100k, that just makes you look greedy when the $90k was already way to generous.

[INTMD8]

couple people said ask for $100k, that just makes you look greedy when the $90k was already way to generous.

I disagree.  If the car isn't for sale and this is an unsolicited offer, no reason you can't respond with "the car isn't for sale but this number would change my mind".

Not sure how you guys are arriving at this being a crazy high number based on a few photos. I have no idea the quality of the restoration but my guess is pretty good to get a strong offer.

Or looking at it in another way, can you link the OP to a replacement/restored 68 440 4 speed car of similar quality for less money?

[AKcharger]

as far as pure $$$ go I'd Sell, that is a good price. Plus no telling what the next year is gonna bring financially...might be able to buy it back for $30K this time next year

[maxwellwedge]

A wise man once told me.....You never go broke making a profit

[jefferson]

I would not.
But guess it comes down too.
Could 90k replace the fun you get out of owning. Driving. Smelling.touching. loving your 68?
For me. It could not.
Ive rejected numerous offers for mine including triple digits.
I also don't think of yea i could replace it and have money left over with the sale money.
But id never sell mine. Money just cant replace the smiles and fun and sexyness of a second gen charger.

[Challenger340]

Someone please enlighten me.....
WTF good is ANOTHER $100K sitting in the Bank right now at DONUT Interest..... when TRILLIONS $$ more is being printed out of thin air in life support to keep the economy afloat ?

I mean I must be doing something all wrong my entire life ?

Because right now....
That $90K is valuable only in real time to apply against another current "asset" purchase..... in other words, if you have something else you want to buy right away with the $90K.... that you feel is a better "asset" to hold ?
mainly because,
That $90K is rapidly becoming useless against good assets others are ALL trying to buy to get OUT of Cash, and is bound to lose substantial buying power if held into the future for any length of time whatsoever.

Anyone disagree ?
Then you please tell me what Business fundamentals valuation metric is responsible for the current spike to 30,0000 on the DOW ?
and given....
the context of now $2 Trillion USD deficits and accelerating higher ?

[Challenger340]

A wise man once told me.....You never go broke making a profit

Except when that 'profit'......  is held within a rapidly declining valuation asset class like CASH

[kevink]

Thanks for everyone's input. I declined the offer. I am just not ready to part with it and may never be. I just don't know how you replace the car with anything better except maybe a Hemi. An all numbers match 1968 Dodge Charger R/T has to be pretty rare right?

[hemi-hampton]

you wouldn't be able to buy a 68-70 Hemi Charger for $90k unless it was rough needing a resto, but I bet you could buy a nice 66-67 Hemi Charger for $90k. LEON.

[Challenger340]

Thanks for everyone's input. I declined the offer. I am just not ready to part with it and may never be. I just don't know how you replace the car with anything better except maybe a Hemi. An all numbers match 1968 Dodge Charger R/T has to be pretty rare right?

Yep, it is pretty darn rare !
And NO.... I dunno how you would replace it !

I'm in a similar situation with our survivor Black '69 R/T SE, yes, numbers matching, untouched, unrebuilt, unmolested or changed in any way since new.
IMO, NO point in selling ours because currently there just aren't any 'better' assets to go out and buy...... and although everyone's situation is different..... I believe turning assets into "CASH" right now to then sit on is about the dumbest strategy going for anyone(IMO)

[metallicareload99]

Awesome car by the way 

couple people said ask for $100k, that just makes you look greedy when the $90k was already way to generous.

I disagree.  If the car isn't for sale and this is an unsolicited offer, no reason you can't respond with "the car isn't for sale but this number would change my mind".

Not sure how you guys are arriving at this being a crazy high number based on a few photos. I have no idea the quality of the restoration but my guess is pretty good to get a strong offer.

Or looking at it in another way, can you link the OP to a replacement/restored 68 440 4 speed car of similar quality for less money?

    Exactly, if one is out there, it's probably not as nice or it'll be priced higher

Someone please enlighten me.....
WTF good is ANOTHER $100K sitting in the Bank right now at DONUT Interest..... when TRILLIONS $$ more is being printed out of thin air in life support to keep the economy afloat ?

I mean I must be doing something all wrong my entire life ?

Because right now....
That $90K is valuable only in real time to apply against another current "asset" purchase..... in other words, if you have something else you want to buy right away with the $90K.... that you feel is a better "asset" to hold ?
mainly because,
That $90K is rapidly becoming useless against good assets others are ALL trying to buy to get OUT of Cash, and is bound to lose substantial buying power if held into the future for any length of time whatsoever.

Anyone disagree ?
Then you please tell me what Business fundamentals valuation metric is responsible for the current spike to 30,0000 on the DOW ?
and given....
the context of now $2 Trillion USD deficits and accelerating higher ?

I never understood what "savers are losers" meant till this year. I don't see how the value of cash can be maintained, since the governments "best" idea is to print more money.  Makes me wish I financed something with yesteryears real money, so I could pay it off with todays/the futures Monopoly money®

[Challenger340]

I never understood what "savers are losers" meant till this year. I don't see how the value of cash can be maintained, since the governments "best" idea is to print more money.  Makes me wish I financed something with yesteryears real money, so I could pay it off with todays/the futures Monopoly money®

Exactly my point..... and anybody with Money/CASH that they saved until today ?
knows full well that their "todays" money/CASH value won't be maintained into the future.... hence, BUY anything else that may hold better "relative" value into the future than the CASH.

Stocks..... Homes.... Classic Cars.... Collectibles.... ANYTHING that may hold value because guaranteed the "CASH" will not !

[BrianShaughnessy]

$90K ?

I'd be saying show me the money.    My guess is it's just a BJ BS'er.   

[odcics2]

Stocks, homes, cars, collectables, artwork, etc., all share PERCEPTIONS of value.... Prices fluctuate.

Anyone remember the mid 2000s?  Home prices crashed, real estate crashed, stocks crashed.  If you had all your marbles tied up in either, and had to sell, you took gas.

Remember, a vast majority of the younger crowd only cares about selfies, not old cars! 
The vast majority of few that DO like cars buy the newer stuff.   
 

[Challenger340]

Stocks, homes, cars, collectables, artwork, etc., all share PERCEPTIONS of value.... Prices fluctuate.

Anyone remember the mid 2000s?  Home prices crashed, real estate crashed, stocks crashed.  If you had all your marbles tied up in either, and had to sell, you took gas.

Remember, a vast majority of the younger crowd only cares about selfies, not old cars! 
The vast majority of few that DO like cars buy the newer stuff.   
 

Yes I remember the mid 2000's very well.... and the early 2000's... 1990's/1980's etc., and I invested, bought/sold through all ?

IMO....
NO Comparison whatsoever to today's fundamentals nor valuations ?
Basically because the money printing today by any metric whatsoever is UN-paralleled in history..... and "money" throughout that history the base metric now totally skewed !

[ACUDANUT]

Take the offer and run!

I agree.