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What would you offer ?

70 StangMan

70 StangMan

Well-Known Member
Donator
http://s288.photobucket.com/albums/ll175/RDF06/1966/
I went and looked at a '66 coupe today and may make a offer on it. My wife works for a Probate attorney and this car is part of a estate sale that I have the inside track on. The body has some dents and the lady that owned it before she died last September had backed into something and crunched up the left rear q-panel a little. There is no rust at all in the floors, doors around the glass and the cowl drains water on the cement not the interior. It has a 289 that I assume is the original and according to the data plate that is what it came with. The engine will turn over. Has A.C., power steering and a bench seat. All glass and stainless trim are intact and in great shape. Interior will have to be stripped completely because of smoking and general wear. It was Silver Blue originally. All in all a very solid car rust wise and mechanical just body work and interior and a new radiator. What would you say would be a fair offer ??? :shrug
 
1,550 and I'll buy the motor off ya. Silver Blue.....that's a most HIGHLY sought after color Dale, scoop that baby up!
 
If you were to sell it, you might get $8k as is. Fixing it up, it may be worth $12-13k, so figure out what it would take to fix it up, subtract that amount from $12k, and add a cushion of another $1k for profit or unexpected problems, and offer the remainder.

So for example, you believe you can fix it up and have it repainted for $6k, I'd offer $4k.
 
Yep....about what Mid said. Estimate high on the repairs too cuz it never is what ya think.......

Hmmmmm...a Coupe huh......
 
Went through NPD catalog on interior and exterior parts and estimated on paint and body work, tires etc. and came up with about $5,000.00 to put into it. I was thinking no more than $2,000 ( and they probably wouldn't take it because at Barrett- Jackson it would sell for $25.000). Not sure if I'm willing to take the leap, BUT it is a rust free car. :confu
 
"AzPete" said:
What about drive train issues also. Make a $1000 offer.....
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A neighbor already offered a $1,000.00 and they wanted a second opinion and I thought it was worth a whole lot more until I went and saw it today. A LOT of work (labor and parts) for a basic coupe. But if I could get it cheap enough maybe I'd do it. The whole risk verses reward thing with the limited funds available these days. It would probably the wife's grocery getter, so probably wouldn't re-sell after fixing it up.
 
You'd be better off with a cool autographed helmet, money better spent and no hard work to repair.
 
Unless they do things differently where you are, the Executor of a probate estate has an affirmative duty to seek the maximum value of estate assets being liquidated. If the attorney for the Executor suggests that a low ball offer is fine, especially from the husband of an employee, that attorney is opening himself up to a conflict of interest charge by the beneficiaries of the estate. From an ethics standpoint, the attorney gains nothing by selling the car for an undermarket price and assumes a professional liability that can bite him in the ass. A professional appraisal of the car in its current condition is the proper way for the Executor and the Attorney for the Executor to discharge their respective duties. A "second opinion" from a potential buyer is not.

If you were the beneficiary of that estate and learned that the Executor and the Attorney allowed a sweetheart deal to an employee's husband, what would you do?
 
"JeffTepper" said:
Unless they do things differently where you are, the Executor of a probate estate has an affirmative duty to seek the maximum value of estate assets being liquidated. If the attorney for the Executor suggests that a low ball offer is fine, especially from the husband of an employee, that attorney is opening himself up to a conflict of interest charge by the beneficiaries of the estate. From an ethics standpoint, the attorney gains nothing by selling the car for an undermarket price and assumes a professional liability that can bite him in the ass. A professional appraisal of the car in its current condition is the proper way for the Executor and the Attorney for the Executor to discharge their respective duties. A "second opinion" from a potential buyer is not.

If you were the beneficiary of that estate and learned that the Executor and the Attorney allowed a sweetheart deal to an employee's husband, what would you do?
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There are 4 beneficiaries that live in 4 different state and none are related to the lady that died, they were her friends. All they want is the house,car and property to be sold and the money split 4 ways. All 4 would have to agree on the selling price of the car, property and home before any deal would be made.
 
"JeffTepper" said:
Unless they do things differently where you are, the Executor of a probate estate has an affirmative duty to seek the maximum value of estate assets being liquidated. If the attorney for the Executor suggests that a low ball offer is fine, especially from the husband of an employee, that attorney is opening himself up to a conflict of interest charge by the beneficiaries of the estate. From an ethics standpoint, the attorney gains nothing by selling the car for an undermarket price and assumes a professional liability that can bite him in the ass. A professional appraisal of the car in its current condition is the proper way for the Executor and the Attorney for the Executor to discharge their respective duties. A "second opinion" from a potential buyer is not.

If you were the beneficiary of that estate and learned that the Executor and the Attorney allowed a sweetheart deal to an employee's husband, what would you do?
Click to expand...

This is why in OZ, the assets would be sold at auction by the Public Trustee.
Everything sells unreserved for fair market value and there can be no claims of sweetheart deals or "mates rates".
 
Uggh! Stupid jacks like this have made that part of my car sooo lumpy.

1966003.jpg
 
"Tungsten" said:
Uggh! Stupid jacks like this have made that part of my car sooo lumpy.

Ha! Tungsten, very funny! I guess that was a comment on the hi jacking of this thread...ask for a price and end up getting legal advice, for the Probate Attorney and not for the OP, no less!
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Well, if restored correctly, it will be tight to make much. Could work if someone restored and drove it to get a return on the investment.
 
"lethal289" said:
to you? what did you offer?
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No not me...I offered $2,500.00 which was all it was worth to me considering the money it would take to bring it back. Nice little car, but not a "must have" for me.
 
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