Re: Thoughts on a 1940 160 coupe project ?

Posted by West Peterson On 2015/1/3 11:48:49
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Jack Vines wrote:
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Just my opinion...It sounds like a great car for someone who knows how to put it back together. The 1940 Packard 160 club coupe may have been the fastest production car available at the time. That said, being completely disassembled, I think you'd have a hard time selling for more than $15,000.


Thanks, West. I'm having a difficult time talking myself out of taking this one on. I've always liked that vintage Packard. I think $15K would buy it and another $15K might have it painted and together. Upholstery and chrome is another story. Any current market value on a finished car?

jack vines


A finished car, ready to win First Place awards at any show, would probably be valued around $40-50,000. As you imply above, though, it would obviously cost a lot more than that to get it to that condition. Even if you did all the work yourself, it would be hard to break even.... that is, if you were doing the work to flip it.

I, too, would be interested in the car at around $15 knowing that I'd be doing all the re-assembly myself. I don't have the space right now, and don't have the money. For a car that you are buying in basket cases, it helps to have a similar car around (if not actually parked in the same garage) so that you can see what goes where, how it fits, etc.

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