So, what’s your Ford Pinto worth?
Should you get your Pinto appraised?
The small and economical Pinto, which debuted in 1970, was Ford’s first subcompact car produced domestically, and its answer to popular imports like the Volkswagen Beetle and the Toyota Corolla. Lee Iacocca, then an executive vice-president at Ford and later to earn fame as head of Chrysler, spearheaded the Pinto’s introduction.
The first version of the Pinto released in 1971 had a brand-new platform and borrowed the powertrain from the European Ford Escort model, costing around $2,078 new. The Pinto had the shortest production planning schedule in automotive history at that time.
It was made from the 1971 to 1980 model years. Pinto was the smallest American Ford car since 1907. It was Ford’s first subcompact vehicle in North America. The Pinto was manufactured in three body styles: two-door sedan, three-door hatchback, and two-door station wagon.
The Pinto engine was available in five displacements: 1.3 L (1,294 cc), earlier 1.6 L (1,593 cc), later 1.6 L (1,598 cc), 1.8 L (1,796 cc) and the 2.0 L (1,993 cc). Later 2.0 L (1,998 cc).
The Pinto became infamous in the 1970s for bursting into flames if its gas tank was ruptured in a collision. The lawsuits brought by injured people and their survivors uncovered how the company rushed the Pinto through production and onto the market.
The total recall to correct the issue would have been approximately $113 million (including the engineering, the production delays and the parts for tens of thousands of cars), but damage payouts would cost only about $49 million, according to Ford’s math. So the fix was nixed!
In April 1974, the Center for Auto Safety petitioned NHTSA to recall Ford Pintos due to defects in the design of the strap on gas tank which made it susceptible to leakage and fire in low to moderate speed rear end collisions.
Ford subsidiary Mercury offered rebadged versions of the Pinto as the Mercury Bobcat from 1975 to 1980 (1974–1980 in Canada). Over three million Pintos/Bobcats were produced over its ten-year production run, outproducing the combined totals of its domestic rivals, the Chevrolet Vega and the AMC Gremlin.
In 1977, a Pinto unexpectedly passed a NHTSA crash test. It turned out the car had a cheap plastic part that helped protect the gas tank, one of the parts Ford had known would work.
Once among the most popular cars in America, the Pinto is now an endangered species! Of the 3 million Pintos manufactured, experts estimate that fewer than 10,000 are still on the road.
So, what’s your Ford Pinto worth? The current average value of a Ford Pinto is about $9,700, although a nice example sold on the popular online auction website Bring-A-Trailer in July 2021 for $17,002. Yes, somebody bid the extra $2!
If you want to know the current Fair Market Value of a Pinto/Bobcat, Chevrolet Vega, AMC Gremlin, or your classic car text/call 786-853-0711.
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For cars, trucks, motorcycles, motorhomes, RVs, boats and light aircraft appraisals, from Key West to Port Canaveral, South Florida Car Appraisers has you covered.
This 15 year old BMW 650 was in an accident caused by another, resulting in over $10k in damage repairs. Following a Diminished Value appraisal, the owner is now making a $5,000 claim against the insurance company of the at-fault driver.
As a follow-up our May 17, 2022 post "So, what's your Pinto worth", this one just sold on the online auction site Bring A Trailer for $12,500. https://bringatrailer.com/listing/1979-ford-pinto-wagon-3/ The original MSRP was $4,338, and the current value of those 1979 dollars is $17,486. Stay tuned for what's your Trabant worth?
The AMC Gremlin is a subcompact automobile introduced in 1970, manufactured and marketed in a single, two-door body style (1970–1978) by American Motors Corporation (AMC). The AMC Pacer is a two-door compact car also produced in the United States by American Motors Corporation (AMC) from the 1975 through the 1980 model years.
If you do an internet search for ‘auto pre-purchase inspection’ almost certainly the first Sponsored listing will be Lemon Squad. Lemon Squad has great marketing! Dig a little deeper and search for Lemon Squad reviews and you might decide to keep searching. Whichever auto pre-purchase inspection company grabs your attention, before you hire them, do your due-diligence by reading through all the good, the bad and the ugly reviews online.
Which Land Rover Defender 110 would you buy? Recently a client from Texas called to say he was looking to buy one of two mid-1990s advertised for sale in Miami, and he wanted pre-purchase inspections (PPI) on both so that he could decide if and which one to purchase. They were both being offered at about the same price.
Buying an older car has its advantages, and the purchase process is relatively easy. As simple as it is, however, it's not unusual for drivers to have questions, especially when it comes to financing. In fact, one of the most common inquiries drivers have about buying a pre-owned vehicle is, "can you finance a car older than 10 years?"
Once among the most popular cars in America, the Pinto is now an endangered species! Of the 3 million Pintos manufactured, experts estimate that fewer than 10,000 are still on the road. So, what’s your Ford Pinto worth? The current average value of a Ford Pinto is about $9,700, although a nice example sold on the popular online auction website Bring-A-Trailer in July 2021 for $17,002. Yes, somebody bid the extra $2! If you want to know the current Fair Market Value of a Pinto/Bobcat, Chevrolet Vega, AMC Gremlin, or your classic car text/call 786-853-0711.
If you are looking for a car appraisal near you, and you are in South East Florida, you've found us! Getting a car appraisal before you buy, sell, or trade a car helps you get a good idea of the vehicle’s value and puts you in a better-informed position to negotiate. Several factors can affect a car’s value, such as your location and what kind of buyer you’re selling to (if you’re selling). Where you go to get your car appraisal could also affect the estimate you receive. Online guides, lenders, car dealers and professional appraisers can all offer car appraisals.
If you have tried to obtain a financing loan on a vehicle, say, 10 or more years old, you may have found that the lending institution won't do so without a current fair market value appraisal. In addition to financing, we provide diminished value and prior-to-total loss appraisals. Call/text 786-853-0711 for more info.