https://www.copart.com/lot/75519864/1968-ford-mustang-fl-punta-gorda-south
What a waste!
Great post!
Many of these cars dont even have branded titles.
Insurance companies should require this state to self insure these luxury quality cars.
It would save is all a lot of money
Does the sticker behind driver's door mark the water line?
gives new meaning to 'sand in my shoes' 8)
Neutralizing the salts would be job one and thats going to be costly
Punta Gorda is close to me.
Quote from: 69 GT350 Vert on December 03, 2024, 10:04:28 AMPunta Gorda is close to me.
Are you thinking "parts car" then ;D
I would think that if this really were a nice car before the dunking it still could be quite nice candidate as a "restoration project".
Although I do believe it would need to be stripped down to bare bones, rebuilt and refinished, with of coarse treatment for the salt contamination (vinegar, and one of the "salt neutralizer" products on the market, wash down) if it actually was exposed to sea water vs. a fresh water drowning, other than the interior and other soft goods (and I'd probably swap-out the electrical wiring also), most of the rest probably could be salvaged.
If the body was of "good bones" before, it probably still is; which is something many are desiring for a restoration project. :)
Scott.
Many chemical strippers use and alkaline bath, that will neutralize the salts.
I would have to believe repairs will exceed $100,000
Quote from: 67350#1242 on December 03, 2024, 09:24:28 AMDoes the sticker behind driver's door mark the water line?
YES, that Black Line is the water mark.
Perfect car for a flipper. Hose it out get it running and send it off to auction. Let the 3rd or 4th buyer down the line deal with the emerging problems.
Quote from: 98SVT - was 06GT on December 03, 2024, 03:38:20 PMPerfect car for a flipper. Hose it out get it running and send it off to auction. Let the 3rd or 4th buyer down the line deal with the emerging problems.
That's scary...
Quote from: S8MS-01904 on December 03, 2024, 06:23:15 PMQuote from: 98SVT - was 06GT on December 03, 2024, 03:38:20 PMPerfect car for a flipper. Hose it out get it running and send it off to auction. Let the 3rd or 4th buyer down the line deal with the emerging problems.
That's scary...
watch Mecum in 2026
How would this be any different than the cars we own driven in slushy, salt laden, winter roads for a year or two? I'm old enough to recall five year old vintage Mustangs rotted do badly they wouldn't pass mandated, safety inspections. Also, what's the deal with "neutralizing" salt spray? Last I knew, salt readily dissolved in clean water. Years of running on Cape Cod beaches proved that. No question it should have the driveline flushed, interior removed and wiring harness replaced.
Its tempting, it looks nice. But yeah teardown, replace wiring harness flush everything. Water is sitting in the engine/trans/rearend for 5 months before they actually sell it... Who knows what you can save.
at what point is it worth the risk? 30k?
so who knows how to find who the owner is might be nice to buy before the auction...
The owner is insurance company. The company the insurance company uses to sell is copart.
You are not going to get a deal here.
I have a work truck on copart right now and as far as I know I still have the option to buy it back.
I agree though I don't know where this car is a bargain at but I don't believe it will sell for one.
Considering what a driver GT350 auto FB is worth. Hagerty #2 if it was that good before is under 90K. So if someone buys this car and fixes it to a #2 condition it is worth 90K. Copart says it is worth 95K the way it sits. Sure, OK. Flooded cars pose many problems including bacteria and such. Bill used to do cars like this in his auto business. Unfortunately someone will buy this and possibly not do it right and it could harm someone down the road. To me it is now a parts car as the value is in selling off the parts because to redo the car as Pete mentioned pricewise would put you way over retail value. Unless they build an Eleanor....
that $91,500 estimated retail is what insurance paid out, not the buyback or what they expect to bring at the auction. At least thats my understanding, and thats the way it is on my work truck that is on copart. I bet it sells for 65k and I dont think its worth that.
Just curious, will the SAAC registry record this data?
It will be listed, maybe not in the public notes, but it will be recorded.
Since it is already a matter of public record, I dont see why it wouldnt be listed