The collector car market has certainly settled down in the past couple of years, as the sky-high prices of the mid-2000’s settle into reality. That means you can get a good deal on a less-famous but just-as-potent muscle car. However, those big name cars that every collector wants can still draw big bucks from the right buyer, even if they are in rough shape.
Over on the Hemmings Classifieds page is a 1970 Boss 302 Mustang that begs the question; does low-mileage equate to more value if the car in question looks like its been through a natural disaster?
It certainly is a fair question, as the number of authentic Boss 302 Mustangs dwindles seemingly by the day. The Mustang in question reportedly has just 9,270 miles on the odometer, having been stashed away in storage for the last 32 years. Yet storage has not stopped the passage of time, and this old Boss has definitely seen better days. The paint is faded, the whole top-end is covered in surface rust, and the engine bay is a sad, sad sight.
And yet…the whole car appears to be there, in one piece and without any sort of structural damage. While there is rust, it largely appears superficial. This 1970 Boss 302 Mustang is a prime candidate for restoration, though there is the problem of price. With an asking price of $159,000, this unrestored Boss is asking restored Boss money, and the fact is that $150,000 is the top, top end of Boss Mustang auction prices. More realistically, you’re looking at a price range of between $75,000 and $100,000.
Low mileage or not, the asking price for this unrestored Mustang just seems way, way too high. Then again, the number of low-mileage, unrestored Boss Mustangs out there isn’t what it used to be. What do you think this rough-and-tumble Boss is worth?