Vintage Cars: 1967 Chrysler 300, chrysler 300, condition car

Question
Joseph,

Hello. I am considering buying my first classic car. It isn't in the best condition, but the dealership that is selling it says it is a #3 condition car, which means it is a driver. I really like the car and have no problem working on it but I am curious what I should expect in the coming months with this car. Below is some information on it:

1967 Chrysler 300
Hardtop
Black exterior and interior
440 V-8
Automatic
30465 mi (unknown)
Rear end and gears are stock

There is more information at the website I found it on:
http://www.gatewayclassiccars.com/displaycar.php?stock=1998

I am really interested and would like to get it but as I said, I dont know much about classic cars. They arent sure if it has 30k miles on it or 130 k. If it is 130 k, should I expect to have to get a new engine very soon? If you could give me your thoughts, I would greatly appreciate it.

Thanks in advance!

Bruce  

Answer
Hi Bruce,

Well I did go look at the car on the website and my feeling is that you should keep looking. There is nothing special about this car and it seems to have needs.

The Chrysler 300 is only valuable in the earlier years, when it had a letter after the name. I think the last 300 "letter car" was the 300 H in 1961. After that, the 300 was just a regular Chrysler that they mass produced and slapped a badge on it. So this 1967 is neither rare nor particularly valuable. Certainly not worth $6,700. More like $4,000 tops. It's got a lot of miles, the wrong paint, and who knows what else going on?

So if I were you I'd pass on this one and keep looking. Do some research and decide what types of cars you might like.

Also you might want to consider gas prices. That Chrysler really sucks the gas.

You can get good deals on early Mustang coupes if you like them. There are plenty of 65s-67s for the same amount of money as this Chrysler and they have a better chance of being worth something someday. I don't think the '67 300 will ever be a "classic".

But if you want a big car like this, the one to have is one that is being sold by a family...a "survivor" rather than a car that's been changed too much.

I don't mean to be discouraging but I just don't think this is a very good deal for you.

best wishes
Joe Troise