$3,500 is a fair price (I would take a $3,250 cash offer if someone was serious about buying it), I've come to find. If I drop the price by $1,000 to $1,500, I would be giving it away. It's rust free, has good paint, and bunch of spare parts, and if someone had a 383 Stroker to drop in it, they wouldn't have to buy anything except for a beefier torque converter for the car to handle the extra torque. Plus, even if it did still have the original NA 3.8L V6, it would be an even harder sell. It's a turbo V6 or a V8 or nothing in these cars.
Here's the sort of Regal $1,000 to $1,500 less than my asking price will buy you:
- 1983 "Bick" Regal, needs paint and who knows what else: http://lexington.craigslist.org/cto/1511132400.html
- 1987 Regal Limited, seems to be a V6 car: http://lexington.craigslist.org/cto/1481710689.html
- 1980 Regal, same external cosmetic condition, also probably a V6 car: http://lexington.craigslist.org/cto/1474733847.html
- 1978 Regal, god-awful Chevrolet 307 V8 (made 100 horsepower stock) pulled from a boat, lime green rims, red interior: http://louisville.craigslist.org/cto/1473237220.html
- 1987 Regal, needs tires and has a dent on the driver's side door: http://nashville.craigslist.org/cto/1510427898.html
- 1985 "Reagal", needs a rear bumper filler, non-turbo 3.8L V6: http://nashville.craigslist.org/cto/1506617475.html
- 1986 Regal, all stock, reverse is out of the transmission: http://cincinnati.craigslist.org/cto/1495804767.html
This car is in about the same shape as mine, the asking price is the same, but it's been donked (which should mean negative value instantly): http://nashville.craigslist.org/cto/1494946890.html
My car only needs the interior finished, which would take about a day with the right tools, some paint thinner or adhesive promoter, interior paint, and some time. Someone could even try to re-dye the sunvisors and upper door panels with some fabric dye (but I wouldn't suggest it).