Buffalowed Bill Posted November 9, 2018 Share Posted November 9, 2018 Price guides generally do a better job of viewing the market for cars that are more abundant, and that change hands often. They seem to do a much poorer job of capturing the market for the cars that seldom change hands. You could go to a hundred car shows and not find one like yours. A convertible is especially rare and coveted. It's hard to even put a value on this car. I wouldn't even guess at the high end value for your car, but $4000 is absurdly low. Comparable car sales are what are supposed to set the bar for the value guides, but if there aren't any cars like it that have changed hands, it becomes a guessing game. The market for any car is what it will bring at a moment in time. Some might suggest and eBay auction as a way of catching the market trend. At any rate you should join the Buick club, some members will have a good idea of it's real value. I applaud you for deciding to keep the car, selling and suffering seller's remorse is an experience that I don't recommend. 1 Link to comment Share on other sites More sharing options...
60FlatTop Posted November 9, 2018 Share Posted November 9, 2018 Seller's remorse has always been easier for me than buyer's remorse. I just slide my hand into my pocket and wrap my fingers around the wad of bills. Buyer's remorse means I have to clean the thing all up and sell it. Best advice is to keep the car within the context of your own life. If you don't have $4,000 and $4,000 will put a new roof on a section of your house, you don't need an old car to spend money on. Back when I was in my teens I worked in the used car business with my Grandfather. I REMEMBER one of our wholesaler friends who gave me a long story about "pyramiding" his investment in one of the lizards he was pedaling by having this and that done to it. I remember those lessons well, sort of negative learning, listen and don't do. Over the years I have developed a hypothesis that comes out with the same proof- "For every $1,000 you are willing to spend, you can buy $4,000 of someone else's investment." You are very lucky you are not sitting there with a stripped front end and a $1,000 disc brake kit. Don't push your luck more. An inheritance is a windfall. Apply it appropriately to your lifestyle. Bernie 2 Link to comment Share on other sites More sharing options...
AJFord54 Posted November 10, 2018 Share Posted November 10, 2018 "For every $1,000 you are willing to spend, you can buy $4,000 of someone else's investment." Bernie - I like that and it may be true! Link to comment Share on other sites More sharing options...
ol' yeller Posted November 10, 2018 Share Posted November 10, 2018 $4,000 for that car is crazy low. If the rear quarters and floors are in good shape (no rust or damage) it is easily worth well over $10,000. It isn't just a '65 Skylark convertible, it is a '65 Gran Sport convertible. It is a very rare car. Among Buick and the smaller Buick GS population this is a very desirable car. It isn't as valuable as other muscle cars like an SS 396 Chevelle despite being more expensive when new and a much better car overall, go figure. If there is rust, then the price would drop accordingly. The problem is that nobody makes exterior body panels for this model like they do for Chevelles or Mustangs. That raises restoration costs above the return. After all I think the car is in Massachusetts which has its share of rusty cars. If you weren't so far away from me, I'd be a player. Don't modify or dump it. You have something that is very desirable to a select group of folks. 2 Link to comment Share on other sites More sharing options...
Toml33611 Posted November 18, 2018 Author Share Posted November 18, 2018 Thank you for everyone's input. I have decided to keep the vehicle and have fun with it for a while. I had no idea how much support this group would give me on figuring out what to do with the vehicle. I appreciate the help! 1 Link to comment Share on other sites More sharing options...
John_Mereness Posted November 18, 2018 Share Posted November 18, 2018 Cries for Redline Tires. 1 Link to comment Share on other sites More sharing options...
nick8086 Posted November 18, 2018 Share Posted November 18, 2018 If you inherited it. What was the number you put on the federal tax form? Link to comment Share on other sites More sharing options...
mercer09 Posted November 18, 2018 Share Posted November 18, 2018 What makes you think a federal tax form was filled out? Link to comment Share on other sites More sharing options...
ted sweet Posted November 18, 2018 Share Posted November 18, 2018 depends if there was a taxable estate Link to comment Share on other sites More sharing options...
AJFord54 Posted November 18, 2018 Share Posted November 18, 2018 In this case, put a high number on it as usually it is non-taxable as part of an inheritance. Then when it is sold, the proceeds will be minimal. Thus, if your "cost basis" is $8500 and you sell it for that, there is no profit on the sale. Of course, it should be appraised and documented or at least the NADA, Kelly, etc. values attached. Link to comment Share on other sites More sharing options...
mike6024 Posted November 19, 2018 Share Posted November 19, 2018 Bring A Trailer is a better place to search for comparables. And also a better place to put a vehicle for sale. Look at this one in the link. http://bringatrailer.com/listing/1965-buick-skylark/ Link to comment Share on other sites More sharing options...
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