What's it Worth?
August 2008 Old Cars price guide
69 Barracuda
2 door fastback
# 6 condition $1,120
# 5 condition $3,360
# 4 condition $5,600
# 3 condition $12,600
# 2 condition $19,600
# 1 condition $28,000
NOTE: add 40% for Formula S 383 cid option. Add 50% for 440 Barracuda
this is from my latest book that came this weekend
My estimate is the car is a #5 so $3,360 + 40% = $4,704.00
Now how many 69 Formula "S" 383 4 speed cars are there, and how often do they come up for sale. What would it be worth fixed? $28,000 + 40% = $39,200.
So what would it cost to restore it? How much work could you do yourself? and how many parts are available?
My guess it would cost 25~30K min to restore to #1 condition and it is bought for $8,900 it might be a break even if the market stays somewhat close to the same.
It would be a desireable car restored, color would detract some, but a 383 4 would bring good money to the right person
I drove a beautiful White 69 Boss 429 with 20,700 miles across the auction block on Friday and it was not sold at $180,000. On Saturday a Black 69 429 Boss went for $285,000. Could it have been the time of day it crossed the block? could it have been the quality? (doubt it the white one was as good as new) could it have been the color? Probably
I personally would not spend $8,900 for that car, if I were to put that much into it I would buy one already done.
Do you love the car? spend the money if you have it and can spend $35,000 on it.
I would say no more than $5,000 on it if I were buying.
Hope this helps