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What is the best way to determine a fair market value for a 1956 Ford Thunderbird?
It is in solid condition. It has been described as a 3 on a scale of 1 to 6 (worst). Rust is minimal. Colonial white body paint that is in good condition. Engine: 292 cid. Only has a cloth top (convertible) and will support a porthole top. Interior (buckskin tan) is old but in decent condition. Engine and compartment is clean.
posted: September 7, 2011
  Answers (4)
Collector Car Market Review Value Report

#5 = $7075
#4 = $16475
#3 = $27150
#2 = $34900
#1 = $46150

Add 5% for Overdrive
Add 15% for AC
Add 3% for Power Windows
Add 5% for Both Tops

Deduct 5% for 292 V8
Deduct 3% for Manual Steering
sources: www.collectorcarmarket.com
posted:  September 7, 2011
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The fair market value is how much someone wants to pay for it.
www.nadaguides.com gives it the following rating :

Low $21,200 Average $38,300 High $61,900

Without seeing pictures or having an inspection/appraisal it sounds like yours qualifies in the Low price range.
posted:  September 7, 2011
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The magazine Old Cars Price Guide, which is on the magazine shelves of better bookstores and newsstands. They used to be sealed in plastic and you had to buy them, but just last weekend I discovered that they are no longer sealed in plastic, so you can browse it at the bookstore, and see for yourself without buying one. They have the most current auction prices of the vehicle year/make/model in question, rated from 1 to 5, 5 being best; the front of the magazine has a guide as to how to select a "1" from a "5", obviously if it had to be towed to the auction, it wasn't a "5" (LOL)
posted:  September 22, 2011
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I just saw a short u-tube video put on by Hagerty Insurance that was referring to the 55-57 2-door birds and that a decent one can start if you are lucky at $10K up to over $100K. They also ( at Hagerty Insurance) have an analysis available online for determining worth of the classics. Hope this helps. Dave.
posted:  October 28, 2011
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