58 Bonneville EBay
 

Trying to understand why they are only asking 35K for this 58 Bonneville with Tri Power on Ebay. I have seen it listed now several times. Could it be the rust proofing sprayed all over the bottom makes it a bit suspicious. thoughts.

https://www.ebay.com/itm/1958-Pontia...%7C1000%7C2500

It looks pretty good in the pictures but you'd have to inspect it in person to tell. The Hagerty price guide says $40k in good condition, so their buy it now price does seem low. It appears to be a dealer, so maybe they're just trying to reduce inventory and get it out the door.

Sadly. buyers for these cars are old and dwindling. I remember Model T's pulling 30 grand plus. Today, you can buy a nice one for 5 grand and top-notch show winners struggle to bring 10-12 grand. Its a shame but it is what it is. The price on that '58 is fair money, especially for a dealer. Obviously he knows you can ask whatever you want but cash in hand is what will move a car.

In the description it says driver quality.

GT.

Plastic master cylinder. Looks nice, but as mentioned, these 1950's cars are not what the younger buyers want. For 35K, you could still put another 10K into it doing engine, trans, brakes, and other improvements - not including a new paint job. In my book, its is a 25-28K car at best as it sits.

Slap on some newer and contemporary 16"/17" rims and tires to get rid of the 1950's look. Add a 5-speed conversion with the bench seat and you might have a more desirable car.

Sadly, it'll probably get an LS swap unless some collector snaps it up just to hang onto.

I think you are correct in your assessment. Three possible types of future owners. 1. Wants a weekend cruiser and would basically maintain it mostly as-is. (too expensive for that IMO). 2. Collector wanting to perform a complete proper restoration on it. (car is not cool enough to warrant a high dollar restoration, IMO. Colors kind of bland for a 58, not enough really cool options, too expensive up front) 3. Build an LS powered hot rod. unfortunately, the most likely way this car will end up. (But again, the buy-in is too steep) BTW, Hagerty prices are not keeping pace with reality of cars are trading hands for IMO. Their price guide is for sellers. It's a wishful thinking guide.

BINGO! But people still treat it like its bible because its Hagerty. :rolleyes: