Craigslist Egregiousness: Check the Comps! Edition

By Tim Odell Oct 26, 2009

good_falcon_1bad_falcon_1

Did you know a 302c.i. V8, T-5 manual transmission and all the necessary accessories to make them work only cost $300? Apparently that’s what the subject of today’s public e-flogging believes.

good_falcon_2bad_falcon_2

You see, here we have a ’61 Falcon with a 302 + 5-speed combo. Per the seller:

302 with 10000 miles on it / Roller cam, ported exhaust, high volume oil pump, roller timing chain 9.5 to 1 compression /  T5 five speed, with a new clutch, and hydraulic set up /  8.8 rear with 355s / New brakes all the way around(drum) / Griffen aluminum radiator /  Edelbrock intake (performer) / Holley carb (600 cfm) / Hedman headers / Cherry bombs (exhaust needs to be tucked up) / Complete wiring harness (copy of a painless) / New water pump and alternator / Battery is in the trunk / Needs paint and body work, interior work, and a front windshield, replaced front and back window gaskets. I do have a new headliner for it the front seat was done about a year a go but it needs carpet door panels and the rear seat done.

With a non-op (but present!) title and an stiff-as-twinkies asking price of $2800, we’re looking at a pretty sweet deal…the kind of deal you might not be able to beat, but should at least take into consideration when trying to move your ’65 Falcon.
This is particularly true if your ’65 has a shot paintjob and body damage. Now, the ’65 is debatably the more attractive body style. Enough to warrant a mere $300 price reduction for the absence of such features as an engine, transmission or title? Seller #2 sounds like a friendly enough guy; you should probably send him an email explaining the situation and see how he responds.

18 thoughts on “Craigslist Egregiousness: Check the Comps! Edition”
  1. I actually kind of like the '61 body style. I think it looks a bit more unassuming, the better to whip some ass at a stoplight.

        1. Mostly elbow grease, but it was helped out by the blue car wash stuff that comes in a jug. Since the crud was mostly tree sap, it took several sessions to get rid of it all (there's still some on the roof, though).

  2. The '61 is too nice to pilfer the bits, but if one were looking for an engine/trans donor, the drivetrain in it alone would justify $2800. Personally, I like the styling of the '61 better, too.
    To be fair to the seller of the '65, if you took the value of the engine/trans away from the '61 asking price to determine a price for the '65, the seller would have to pay you, but the '65 still has a positive value.
    Someone selling a better car for a better price doesn't immediately mean the the '65 is a bad price (though I do think it's a bit steep). It will just make it hard for the seller of the '65 to get his price until well after the '61 sells.

  3. The '61 definitely looks more frumpy, but there are a lot of goodies and associated labor for the price. Too bad the ad for the '61 is gone.

    1. I see spaces in your name, is that not an ID username? I used the ever popular _ for my nombre…

  4. The seller behind Door #2 obviously used the highly complicated Barret-Jackson Formula for Used Car Cash Determination (the BJ FUCC Determination formula for those in the biz).
    Value = (BF+ MF) * DR
    Where,
    BF = Body Factor (does it have one, rust present, etc.)
    MF = Mechanicals Factor (engine condition, brakes, drivetrain, etc.)
    DR = Desirability Ratio (greater than 1 is desirable)
    While this formula looks very simple on the surface, like the Navier-Stokes equations they require either major assumptions to simplify to a solvable form, or computational value dynamics software such as the eFMV™.
    At least, this is the only explanation for the price difference listed above.

    1. You should probably add EF (Electricals Factor) to that equation.
      Value = (BF+MF+EF) * DR
      I haven't designated a rating for the EF yet but it will be something like this: EF= -3 if it has Lucas electrics; EF=-1 if it has German electricals from 80s or 90s; EF=0 or +1 if it has simple and reliable electrics….so on and so forth.

  5. I can see buying the '61, that's fair and I do like that body style. The '65 is a wreck. Wouldn't even make a nice lawn monument. No idea what they guy's thinking. Maybe it's a typo, he wants two-fifty.

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