Pantera percieved value

$60K for a Pantera is extremely high. And I don't care what has been done to it, when one is priced that high, it will usually be for sale for a long time. May I ask what the seller has done to ask that much?

 

Well, all I can say is $60K is a hell of a lot for a Pantera. Don't get me wrong, some do indeed sell for that price, and for sure there are guys that have dropped that much, and more, into their cars. But I believe a very nice car can be had for half that.

For reference, you might look at PI Motorsports. I think their cars are priced too high, and better prices can be had from seeking out a car from an individual, but consider it another market assessment tool:

http://www.pim.net/pim1.html

 

I would have to agree with Matt. Sounds like a BORA that was for sale in New York. The car is probably the very nicest BORA in the world but the guy wanted 100K+ for it.

While I understand that both these cases probably have major money invested, it is simply not a good investment.

In the case of a Pantera, either find a really nice one for 1/2 to 2/3 of the price, or:

Purchase a rather ok car cheap
Send it to DeTomasa
Have the car stripped and restored

It's very common you see cars there being restored. There are also several really high end shops that do this in Modena. Not to mention here in the US. And you get a custom interior and the mods you really want.

Depends on how much you really want to do of course.

 

I had a 74 Pantera and it had modified engine, suspension, brakes, etc and was hard pressed to sell it for $40,000. Here is a picture of the engine.

 

I agree with Matt, $60K is defintiley high unless it's one of the GTS Panteras that sold for a lot more than the 71-74s. The price sounds like some personal attachement involved.

 

Mr. G, tell your friend to look around. More affordable Ps in decent shape can be found. I agree with Matt, the PI listing seems WAY high.
Also tell your friend to be VERY, repeat VERY careful about rust in the Ps, especially the rails.

 

It is worth a note that Mr. Green started a thread without pissing people off or saying stupid stuff.
Congratulations- keep it up.

 

yeah, seems to happen with all too little frequency lately.

 

My trusted technician pointed out once that the Pantera was
"the worst of both worlds, Italian coachwork, Ford engine!"

His words, not mine! (Ducking!)

 

I don't know. I'm not really all that old,(43) and I remember when Pantera's were going for around $10,000.00 (and less) all day long,and not too long ago. Then,all of a sudden,went up to $25-35K. and up! I'd never pay that much for one,because I know that. But there are plenty of people who will. Probably the same guys that pay $60Grand for an old Camaro. (Not a Yenko) Or,$75Grand for an old Dodge Challenger-NO HEMI ! Yes,they're out there. Wished I had kept all of mine so that I could have taken advantage of these guys now. Oh well. So much for speculation!

 

I bought a 71 for 20k completely dis-assembled in 1991. Then the article about Wilkinson's 4.6l "Modular Monster" and the prices went up again, it was not until then that I realised I was taken for a ride.

 

Sounds like a good car to pass on. Could be another classic example of someone who spent 30K( or more!!)to restore a 30K car. No shortage of examples, not just Panteras, that are out there where someone is upside down with the finished car cost after restoration vs current market. at that price, he'll be looking at it for awhile. But for every azz, there is a seat, so he could hook a live one at some point.

 

Sounds like the seller has just put a ton of money in the car and wants some of it back. The car will probably be for sale, for a long time.

Tell your friend to hook up with one of the local Pantera car clubs if possible. The best cars often change hands within the club, and are never advertised for sale. A club can give advice on car hunting too.

 

I'd say just the opposite, with the Ford engine being the most attractive aspect of the Pantera. You get excellent Italian styling with a reliable engine, that is cheap to maintain (when compared to the ludicrous costs of a Ferrari engine), and easy to modify.

 

Pantera's haven't gone for $10K since they were originally sold new, certainly not "not too long ago". They've only increased in value. If you think they are too much now, just wait 10 more years--they will cost even more, and then you'll lament the day they were "only" $30K.

 

Well I spent $20k on a $2500 volvo p1800 and i love the car more than my DB2/4 I loved the mods I did on my Pantera too, yeah I overpaid by some standards, but in thee grand scheme, it was still worth it for what I was looking for and what i got out of it

 

i wanted to weigh in on this issue. this car sounds like a clear case of over restoration. that said...these cars are worth what ever someone will pay for them. 60 k may represent a bargain compared to the sunk cost to aquire the car and to similarly restore. while there are certainly several really good restored and original panteras in the market, my recommendation would be to buy a properly restored car as this one due to the improvements that have been done to the mechanicals and maybe more notably the body! these cars are the ultimate in iron oxide. always but the best car you can afford...you will pay less later.

last observation...a pantera buyer is a bit rare and as such, i would suspect there are more good cars for sale than good buyers!