Hi Dconnor
If the '36 120 luxury touring sedan you are considering is this one advertised for $75K:
https://seattle.craigslist.org/see/cto/d/1936-packard-120-luxury/6729398457.html It is a correctly restored '36 120 but extremely overpriced. I'll go out on a limb, my observation of multiple restored '35-'37 120 touring sedans offered over the past few years typically are between $20K-$25K. The seller's $75K asking price is in the price range for Senior model Super Eight and Twelves sedans.
As a recommendation, take the time to familiarize yourself with the Packard models that appeal to you for each series and understand their place in the market of that time. Next, survey the asking and sale prices for those that change hands now, taking condition into account. When you have a finer understanding and framework for appropriate values, be ready to act on a purchase when the right car appears. It will take some time, but you'll be happier in the long run. Good luck with your search, don't hesitate to ask for help and assistance as you proceed.
Steve
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