Been considering selling the Omega. I really like it but should never have picked it up in the 1st place. Too many projects. The Mrs. has been patient and is supportive however would like me to finish her project car.
Which has sat untouched since May.
So I check NADA to get a value and they only have low/med/hi
Low being $3651.00
Mines far from a parts car. It runs and drives.
Not like I can just see what other Omegas are selling for on C.L.
Check Nova's for a ballpark?

 

NADA says:
"Low Retail Value
This vehicle would be in mechanically functional condition, needing only minor reconditioning.
The exterior paint, trim, and interior would show normal wear, needing only minor reconditioning.
May also be a deteriorated restoration or a very poor amateur restoration. Most usable "as-is".

Some of the vehicles in this publication could be considered "Daily Drivers" and are not valued as a classic vehicle.
When determining a value for a daily driver, it is recommended that the subscriber use the low retail value.

Note: This value does not represent a "parts car"."

If I recall, $3,651 is about $3,051 more than you paid for it, plus you put another $600 into the trans and $20 into a fuel pump.

Considering the condition of the interior, I wouldn't expect any more than $2,000, which would still put you almost $800 ahead of where you started, which would be unusually good.
That car is far from "needing minor reconditioning."

- Eric

 

Thanks Eric,
I should have been more clear, after re-reading my post I see that it wasn't. Is anyone aware of a more detailed price guide?
I think $2000.00 is about right also, just want to be prepared (IF) I decide to sell. Hoping to avoid that if possible.

 

Oh.

In that case, the Old Cars Price Guide should be pretty good, but as far as I know, it's not available on line - you've got to actually buy a copy (Ewwww).



- Eric

 

Or ask me!

You don't say what year Omega it is, but I'm guessing '73 or '74?

In #4 condition (runs and drives but needs complete restoration), according to the OCPG, the value of a '73 Omega 2-door coupe is $1300. In #3 condition ("car show" condition), the value listed is just under $3000.

The values are about the same for a '74.


Here's an online site for old car values that more or less parallel the OCPG, although they have only five categories and not six.

http://collectorcarmarket.com/menus/.../73olomga.html

http://collectorcarmarket.com/menus/.../74olomga.html

 

Hey thanks!
Interesting how the links show value on basket cases less than scrap.
Mines a 74, the peak of musclecars LOL.

 

Jaunty, Thanks for the link! I hadn't been aware of that one.

I hate to sound contradictory, but I just went to those links, and, for a '74 Omega, with a 350 and no A/C, that site gives a value of $900 for a #4 car, not $1,300.
I think I've got to revise my own guess down...

"2dr Sedan.....#5: 350.....#4: 900.....#3: 2025.....#2: 3300.....#1: 5050"

- Eric

 

Two comments:

1. I don't think the definition of the two condition levels is exactly the same as the OCPG has six levels and that website has only five.

2. $900 from one source and $1300 from another for the same car? That's within the noise! Remember, these guides give VERY average numbers.

 

Ahhhhh... I didn't get that you were quoting from Old Cars, but linking to CollectorCarMarket - I thought you were quoting the site you linked to.

- Eric

 

It all boils down to "what someone is willing to pay" There may be no one whos looking for a 74 Omega and others who will only pick it up if its a steal. I may ask "high" and see what happens.
I am surprised at how many people have an Omega somewhere in there past.
Those same people would still rather have a Camaro. LOL.

 

This is a cliche that really doesn't mean anything.

There's a big difference between "someone" and "anyone."

I'm willing to pay you $20 for your car. Will you sell it to me for that? I'm guessing not. Why not? Because you think it's worth more than that. But wait a minute. You just said it's worth what "someone is willing to pay." I'm someone, and I'm willing to pay $20.

So, again, why won't you sell it to me? Because you think it's worth more than $20. Why do you think that? It's certainly not because you went with the "it's worth whatever someone is willing to pay" argument, is it? No. It's because you have some other source of information which is telling you something about what the car is worth, and that's exactly what these price guides provide you and why they have value.

Someone like you who wants to sell a car needs to have some idea where the market is on it so you don't ask too much or too little. Someone who wants to buy a car needs to have some idea where the market is so he doesn't pay too much. These guides are not exact, of course, and every car is different. But they DO tell you something about what your car is worth and thus what you might start out asking for it, and they certainly tell you that your car is worth more than $20!

 

My advice is to re-assemble as much as possible. With things like the back bumper & the tail lights even if the next guy will end up taking it back off it presents better if it looks like it can be driven home.

 

Wow I hope you didn't take my comment personal. Sounds like you did.
I may be reading it wrong? I was not trying to discount your links or your help. I did say thanks. Again thanks.

 

Not at all! Don't be concerned.

It's just that one hears that "it's worth what someone will pay for it" argument all the time from people who dismiss the price guides as having no value. I'm just trying to show why it's NOT worth just "what someone is willing to pay for it" and thus why price guides DO, in fact, have value.

 

I'm sure not!

(and my kid brother dove a '73 Omega hatchback with a straight-6, so I have one in my past, too ).

- Eric

 

Unfortunately there is only one REAL way to see what its worth, and that is to start selling.

As was mentioned above, put the rear bumper & taillights back in. Do whatever is necessary to make it somewhat reliable as a driver.

Take a bunch of photos- Good honest ones, not funky angles trying to look cool or to hide stuff.

Then Set a price in your head as your bottom dollar, then pick a starting price $500-600 above what you want and let it ride on craigslist.

I prefer to sell things QUICK at a good price than to sit on them at higher prices and deal with tire kicker after tire kicker until that magic buyer comes along- usually by the time that happens you've lowered the price anyway, now you are out all the extra time & hassle of dealing with people.

My $.02

 

I think you pretty much defined your idea of 'what someone is willing to pay' with your following sentence and I'm pretty sure most buyers have a good understanding that you're feeling out the market. I totally agree with you that if you have the option - start at a reasonable high number and negotiate from there. Maybe someone will pick it up as a track car.....then they don't have to worry about resto or period correct parts? Might be something to consider as part of your marketing strategy.

Only thing I can suggest without getting really involved? Be realistic and aware of what your market will support. I suspect that your selling price is motivated to support getting your wife's project started / completed? Great! But what if it never sells. Don't let one project determine the fate of the other. One thing I've found from selling cars is not to get so personally attached to it that only you see it being worth more than it is. You sound like you've got your head on straight - you'll make the right call.

 

I'll list it and see what happens. I hate the thought of not getting it to a certain point. No biggs its just a car. A car that would be really fun with my 455 in it.
I'm no stranger to buying/selling cars. It'll turn out fine.
Thanks for all the reply's

 

Good luck on your sale. Let us know how it turns out. BTW I had an Ωmega too. But it was one of the FWD models. 1981 Ωmega Brougham 4 door. Little car, plenty of power with a V6 loads of passenger space and very comfortable. Oh yeah! It never got stuck in the winter.