by 82Lebaronconv » Wed Jan 05, 2011 2:55 am
Welcome to the club. Nice to hear from a fellow '82 Lebaron convertible owner. Mine, however, is a base model, with vinyl seats, crank windows and the 2.2 liter engine.
Unfortunately, it almost always costs more to fix up a car than it is worth. I paid $1,900 for my car, then immediately had to put over $1.500 into if for brakes, struts and front end work. The rear bumper had been pushed in on one side when the former owner backed into a pole and I decided to get that fixed. Between parts and labor, that cost over $800. It would have been more, but I found a local body man who takes side jobs out of his garage in his spare time. A professional body shop would have charged at least twice as much for that repair. I spent more money replacing the scuffed up wheel covers with NOS ones and upgraded a few other trim pieces. Exhaust work and a major tune-up cost a couple hundred more. So all together, I probably have close to $5,000 in the car and it's worth maybe half that. But I like and enjoy the car and that is the most important thing. It sounds like you have a really nice car and it is definitely worth doing some upgrades. Just don't go too crazy because the values on these cars just aren't that high. A decent convertible will probably bring no more than $3,000-$3,500, unless it is something really exceptional, like a T&C or a Dodge 600 ES Turbo with extremely low mileage. Then, you might be talking around $5,000, based on what I have seen for sale. The best T&C I think I ever saw, and this was a mint '85 equipped with the turbo, and less than 50,000 miles ended up getting marked down to $4,900 after it was for sale for months at $6,000+ with no takers. This was just a few months ago on Autotrader.com. I reallly wished I could have bought that one, but it was in South Dakota (I live in Connecticut) and the shipping alone would have been a dealbreaker.
So fix what needs to be fixed, get involved with the club, start going to shows and drive it and enjoy it. This is the real value of an antique car - getting out and meeting fellow enthusiasts and making new friendships. You can't put a price on that.