Things sure have changed! NADA used to list the BGT notoriously low. I
bought a used 71BGT in 1979 for the usual $2000 and when I went to license
it, I didn't have a signed bill of sale. They then said I could pay the tax
on the blue book value which was $1000. Back then, there was no way you
could get a BGT for that low!
I like these new NADA values. But I don't believe them. I don't know why
but it seems like a used BGT typically has been worth around $2000 for many
years. But the price varies considerably based on condition. If it has
rust, it will only be worth $500-$2000, depending on how bad it is. Minimal
to no rust, then I would say its value would range from $2000-$5000
depending on overall condition of body, interior, and mechanicals. An
incredible bargain still compared to the price of today's cars,
A typical average condition BGT would be $1500-$2500 from what I have seen.
On a related note, there was a 69BGT here in Montana that had a great body
(no rust at all) for sale at the Career Center (a vocational high school).
But the interior was shot. The choke was on backwards, it had an
aftermarket alternator, panels were missing on the doors, back bumper was
bent.... The teacher said its book value was $4500 and he wanted $2000 for
it. I tried to get it cheap so I offered him $1200. But someone else
matched the $2000. Which I was disappointed until I found a 67BGT instead.
I've owned 3 BGTs and each one cost right around $2000.
David
67 BGT
71 BGT
At 12:04 AM 3/30/2000 -0500, Steve Shoyer wrote:
>There's a NADA guide available at www.nada.com; it lists a 71 MGB GT value
>as:
> Low retail: $3450
> Average retail: $5650
> High retail: $9250
>
>Kelley' Blue Book's web site (www.kbb.com) only goes back to 1980 (giving
>$3150 as the retail value of a 1980 MGB, less than the $4900 average retail
>value from the NADA site); Edmunds' site (www.edmunds.com) doesn't list MG.
>
>--Steve Shoyer (1980 MGB)
>
>-----Original Message-----
>From: David C Littlefield [mailto:dmeadow@juno.com]
>Sent: Wednesday, March 29, 2000 6:18 PM
>
>On Wed, 29 Mar 2000 18:09:04 -0500 (EST) "Berrie C. Watson"
><bwatson@bayflash.stpt.usf.edu> writes:
>
> >> ... There are no blue books for these that I know of.
> >> Is there any generally accepted indicator of value?
> >
>
> > There is a NADA book for classic cars. ...
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