Re: 1954 Panama....worth??

Posted by 58L8134 On 2020/4/21 15:00:36

Kevin

Here's my two cents: from the photos, it looks to be a good car to start with, decent solid condition, presentable paint job, original interior that with some cleaning and mending could be perfectly serviceable, plus a desirable model hardtop. The potmetal chrome plating still looks very good and that's a big plus given the hideous cost to redo that now.

The unknown it the mechanical status since it hasn't been on the road or driven at all in a while. Better to assume it needs to have the oil pan and pick-up screen cleaned, the cooling system flushed, the brakes gone through, and the transmission serviced once you determine how well it works, among other things.

Price: Somewhere between $2,500 to $4,500, dependent upon how much you trust is good enough to not need expensive repairs. This is advice from a 'frugal' fellow who always prefers to give himself margin to work with to deal with the unforeseen.

All this said, I understand where you are coming from, the desire to start Packard ownership with a car you can afford, improve with 'sweat equity' all while you can enjoy it with your family. Good for you, wish more younger people were interested in the same. Don't overlook or dismiss the '51-'54 sedans, there are some very good values in those available too.

Good luck with your search and pursuit, please keep us apprised of your decision and eventual project as you proceed.

Steve