The car is a plum crazy 1970 Challenger, 440, auto with AC. This combination was not that common so I'm told. I'm wondering, if this car was in 'perfect' condition, I mean better than when it was manufactured as in paint, engine the works, what would it be worth?
Is there any resource which could help me decide what the selling price range of this car might be given it is in perfect show car condition?
NADA collectible says it ranges from $12,650 to $37,100, with $29,430 for average condition. GIven the condition, I'd say near to the high end. Of course, it all depends on how these cars are really selling in today's economy. Most sellers are not getting the prices they want.
Depends if it's on the floor or on the column, on the column is far less desirable for most people and collectors. Honestly, you can ask anything you want, but the market for these cars is very rock right now. No one is selling anything for the prices from 2005-2008, or even near, good bit less. But a PCP 440-4 AC car should go for at least $30k I think. But it all depends on the buyer anymore.
The highly-collectable muscle cars are out of my realm. Star cars like the General Lees, Christines, Bullitts and KITTs are for those that want and can afford them for the image. Old Challengers and parts for them have enjoyed a rebirth in popularity since the new ones came out and can command premium prices. The guys with these collectables may have an unrealistic view of what they can ask as far as price. It's supply and demand. Maybe the market has softened somewhat lately.
Clones are out there, but too many unscrupulous sellers try to pass them off as the real deal and many high-performance modifications to get them that way are not done well. You will almost always have problems with it. You are better off doing it your own way than having to undo some hacks way to do it right.
The advantage is that there are many reproduction items available to help restoration and detailing, but this may detract from an original piece and lower the value of what's already out there. Old cars generally have poor equity as an investment. They are a toy. You might want to hire an appraiser who does this for a living to protect yourself. Sorry for sounding so cynical.
I prefer collecting the less collectable, but still fun old stuff. The prices are more reasonable, it's still insurable and there may still be NOS parts out there for it that are in a bin collecting dust somewhere that are also reasonable.
If you pick the right car, get a deal on the vehicle due to cosmetic issues or whatever, and can restore it yourself, you can make good money. Otherwise... I agree with I.C. which is no surprise because he's pretty much an expert.