1964 Convertible Values?

[gk3126sd]

Been looking at 64's-66's lately, ideally prefer a convertible and in a color like the red below.. Haven't found one in a price range I really want to spend until I stumbled upon this one.. They want 20 but I'm sure I could talk them down to 17 or so.. has the 390, power seat, windows, am/fm radio, and heat/defrost so no AC which isn't a deal breaker for me.. What would something like this typically go for? what would you spend?
Receiving some more images and a video of it running and the top being stowed and put up tomorrow, just trying to find the ballpark to be in to start haggling price.

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[64ZCODE]

It may be in fair condition and if so Hagerty would place the value at $13.5K. At 97K/TMU miles, it'll likely be quite expensive to get the car to where everything works, it is safe and reliable to drive, and to address the cosmetic issues. According to the BAT ad the current owner has only had the car for 200 of those miles, so you're not going to learn much there. For sure, drive it and have a thorough pre purchase assessment done by a mechanic so you know what you're getting in to before you pull the trigger.

 

[biddle]

I would not rely on book value. The prices of a lot of the classic cars like this are falling quickly as the buyers for them are aging out and the next generations are not interested. People are taking massive losses when they sell these cars that are often inherited.

 

[pltmgr]

A few months ago I purchased a red 1964 convertible with a red interior for $17k. Paint was a 8, chrome 8, interior 9, top 9. No rust anywhere. Mechanicals all good. It has a dual master cylinder and front disc brakes, upgraded one wire alternator, new carb, ball joints, steering box, etc. Previous owner recently spent $7k on replacing all the top electronics and hydraulics. It needed tires (age) and shocks. Sellers was asking $18.5. I probably could of got it for less but the owner was a nice guy, I wanted red conv. with a red interior, and fortunately I am at a position in my life where a $1,000 one way or another doesn't matter as much as it once did.

 

[64ZCODE]

A few months ago I purchased a red 1964 convertible with a red interior for $17k. Paint was a 8, chrome 8, interior 9, top 9. No rust anywhere. Mechanicals all good. It has a dual master cylinder and front disc brakes, upgraded one wire alternator, new carb, ball joints, steering box, etc. Previous owner recently spent $7k on replacing all the top electronics and hydraulics. It needed tires (age) and shocks. Sellers was asking $18.5. I probably could of got it for less but the owner was a nice guy, I wanted red conv. with a red interior, and fortunately I am at a position in my life where a $1,000 one way or another doesn't matter as much as it once did.

Well bought, pltmgr. With the suspension work and the disc brake upgrade, I bet it drives like a new car 😀

 

[64ZCODE]

I would not rely on book value. The prices of a lot of the classic cars like this are falling quickly as the buyers for them are aging out and the next generations are not interested. People are taking massive losses when they sell these cars that are often inherited.
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Hagerty valuation is based on actual sales, so it's pretty realistic. What can be unrealistic is how people perceive or represent the condition of a car. For example, for this 1963 TBird which looks to be in "fair" condition, Hagerty places the value at $6,700. The rest is negotiation.