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I've owned my 72 pre-L since 1976. All this time I've been wanting to strip the car to bare metal to see the condition, repair all rusted areas and repaint it. Last year I removed all parts except the front window and 40% of the undercoating. That's when it became apparent many pieces of sheet metal needed to be replaced. I took a cost estimate on the cost of the parts alone and it amounted to $11,000 without labor. The car is completely original and everything worked before dismantling. By the time I add parts, labor, paint and the remaining undercoating removal and repainting, the cost will be near $30,000. Would it be better for me to try and sell the car and parts as is? What is the car worth in it's present condition. Please, your advice will be appreciated. Thank you.
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Undoubtably, that estimate was for new stock parts; there is also the option of using used parts that are in better shape than what you have, at a significant savings. plus, some restorers charge $50 an hour while others are nearer $70.hr so there a range on the labor end (assuming you don't do your own cutting & welding). Fially, does the car absolutely have to be completely sytripped? Perhaps only the damaged areas need work? This alone will shave thousands off. I agree, if you decide to throw the car into a high-end restorer shop, you'll likely never recover the cost- and this is true of Mustangs, CAmaros and most other production cars, not just Panteras. So what remains is the basic question- are you gonna keep the car or off it & get another? If it sin't going to stay, I suggest you make some kind of deal now for what work the new owner wants and agree on a price. From what I've seen recently, a good driver with some problems is $25K, a turn-key car with almost no problems is $30+ and a perfect car depends on the buyers lust...
It is a tough call, I have owned my car for almost 19 years now. I decided a few years ago that I would do a ground up restoration of the car. I sent it to the body shop as a rolling chassis. I finished the car about a year ago, (although it is never really finished) When I decided to do the car I decided I wanted something I could drive to the shows and compete with the "trailer queens" I also drive the car on many other occasions.
I had the car appraised for insurance purposes and they valued the car at $55,000. Whether someone would pay that much for it I don't know. The car has been featured in POCA as Pantera of the Quarter last year. It was worth it to me, my wife might say otherwise.

My vote says keep it, fix it, drive it, have fun with it especially since you have had it that long.

Good luck
Gary #06984
It's definitely a tough call Robert. I face the same decision with my car, although several years away. I personally think it's just a matter of time (yeah, probably years) before really nice original Panteras have much higher values in the collector world. There were so few of the cars to begin with, and I bet that less than 20% of the ones that still exist are "stock". It's these cars that go up typically, so if future value is your aim �- and you're a bit of a gambler � keep it stock. If you just want to have fun, then go nuts with it. There certainly are areas for vast improvements.

Whatever your decision, good luck!
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