What do you think the value of a restored 1966 Chevelle Malibu is?

[xXx Loki xXx]

I just bought a 4-door 1966 Chevelle Malibu with a 327ci engine for $1000 bucks as a project car. The body is fine, but the engine needs to be cleaned/rebuilt, the interior needs to be completely redone, and it needs to be stripped down to the metal and repainted. I think I could have everything on the Malibu done in a few months. I have about 8500 in the bank, and I want to invest some money into it, but my parents are concerned that the car won't be worth nearly as much as I put into it, and want me to buy my neighbor's '95 Mustang for $5500, and work on the Malibu over a period of time. I have been looking online but can't find a place that'll show the value of a restored Malibu. What do you guys think the value of the restored Malibu would be? Should I get the Mustang, and invest the remaining 3000 in the Malibu, or just use all my money to restore the Malibu? Any advice/opinions are appreciated.

[rocketrider]

You can check the value of classic cars here: www.nada.com

[SoCalCarCulture]

I'd go with your parents advice - buy the Mustang!

If you want to restore a '66 Chevelle look for an SS396 that will climb in value not a 4dr. sedan.

www.socalcarculture.com

[Crazytibz]

Sedans just haven't been appreciating in value. It is a respectable ride, however. I'd clean it up and consider an inexpensive paint job, good enough to cruise around in. Just keep it away from the crusher.