Anonymous

How come in 1982-1983 when my dad was in high school - why were his 1964, 1967, and 1968 Mustangs worth $1,000 but now for a 10 year old Mustang from 2005 its $10,000 now WHY?

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Phineous J. Whoopee Profile

Classic mustangs from the 60's in good shape are worth more than $1000.  They are valuable now.  A 2005 mustang is not a classic, so its worth normal book value.

Arthur Wright Profile
Arthur Wright , Florida Paralegal with a BS degree in Social-Psychology, answered

Golden Oldies.  Thing this is bad I could have bought my dream car , a 1969 Dodge Charger RT with the high rear spoiler with a 426 HEMI , 4 speed for around 3000 USD brand new right off the sales floor back in the late 60s, early 70s and now I saw one just sell for over a million dollars the other week.  The secret is not what the asking price is but to find one willing to pay that price

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