Vintage Cars: what is it worth?, hemmings motor news, ebay motors

Question
I was wondering how I find out what my car is worth? I have a 77 mustang gea, 302 ac, auto, and a 70 eldorado, 2nd year front wheel drive. your help is appreciated

Answer
Your 2 best sources to start with are Hemmings Motor News and eBay Motors. Both have lots of ads that will show what people are ASKING, which is not necessarily what your car's worth. From there, you need to go a little deeper.  Hemmings "reviews" all the latest auctions, which means they actually look over the cars before they go up for sale, then see how much they bring once they sell, or how much they failed to bring if they don't sell. For eBay, you need to "follow" the cars from the time they're listed until after they sell. Keep a record of their listing numbers so you can go back after the auction ends and see how much they went for.

The value for both of these cars depends so much on condition. If the Mustang Ghia needs a lot of work, its value is just about zero. The Mustang II (1974-78) is only now starting to become a collectible, but the desirable ones right now are the Mach I, Cobra and to a lesser degree the Stallion. A Ghia would need to be just about perfect before any one would give it a second glance. That's not my opinion, but just the way the market is. I fell in love with the first '74 Ghia I ever saw, and would love to have a nice one today. It was a mini T-Bird, and a much nicer car than it's given credit for. Because people haven't collected these, many replacement parts (especially sheet metal) are non-existent, making a restoration very difficult. The Caddy may be a different story. Actually, the Eldorado went front-drive in '67, but 1970 is the last year of the original body style. If ever a company ruined a car by restyling it, it was Cadillac with the '71 Eldo. Your '70 was chosen by Automobile Quarterly as one of the best-looking cars ever built by GM, and I have to agree. The '71, however, was anything but attractive, so the first-generation Eldorados are starting to take off in the market.  Condition is still important, but an over-used 1970 Eldorado is a much better foundation to work from than an abused '77 Mustang.