Not trying to turn this into a wizzing match but you have me confused. In my other post you said the car is only worth $1500, then here you say $3000 to $5000 here. Big difference on your opinion of what the car might be worth. I'm not here trying to sell the car I'm only trying to get an idea of what others feel the car is worth. If all these cars are worth with 14,000 original miles on them is $1500 why would anyone own one other than to drive the wheels off them then junk it. I'm not totally clueless when it come to classic cars. I've played with them for 40 years and own a 55 Chevy 2 door hardtop, 54 F100, and a 49 Dodge Wayfarer Roadster. I don't or didn't know what the value was on the mid 90s Thunderbirds with the miles and description I have provided of the car. I looked the car up on KBB and it seems undervalued that's the reason I can here to try and educate myself about the car and the true values of these Thunderbirds
You gave more details, and I thought on it deeper and figure it's worth closer to $3000 or so.
Me personally, I wouldn't buy it at that price, but I'm not shopping for it and it's not for sale out in the real world that I know of, only to you.
I would hope your father wants to pass it on to you more than just sell it outright, but that's none of my business.
I paid $3000 for a modified car with most of the "good stuff" already done to it to make it the car I wanted. It had PI heads/cams/intake, an aftermarket tune, higher RPM torque converter, one piece aluminum drive shaft, front and rear shock tower braces, 1989 SuperCoupe sway bars front and rear, and was on lowering springs. It also has the Mustang GT brake upgrade, a clean interior, and absolutely no rust. I would have paid a little more for it, but it's still a 20 year old car, and I had to put time and money into it nearly immediately due to an oil leak where the aftermarket oil pressure gauge was bleeding oil whenever the engine ran, a locked up AC Compressor a month after purchase, etc. None of which are huge deals, but I had to spend money on it over and above the purchase price. I also had to put tires on it, etc.
I love tweaking cars, but I want to do it on my terms more so than I need to fix it to get it to run so I can get to work. So, this is my "toy" car, and for me, the upper limit I'm willing to pay on one is in the $3000 to $4000 mark depending on what's been done to it. I knew the suspension had been mostly redone, I knew that it had most of the goodies I wanted, so that made it an easy purchase. For me, buying a 20 year old bone stock car is less attractive because I had a 10 year old bone stock car that I had to put a lot of time in to use as a daily driver.
It's your choice, and if you feel that giving your dad $6000 for his car is a good deal, go for it. Knowing what I know about what will need to be replaced, and how long it will take to do it, weighing that against time spent under the car instead of with my wife and daughter, etc, I wouldn't pay $3000 for it no matter how good the paint or interior are. That's just me, and my priorities are different than yours. I like these cars for their potential, not their "as is" if you catch my drift.
I know that once I put my engine in my car, I can turn right around and trade it in to a dealership and get my original $3000 out of it. I could easily sell it to most members here also for that $3000, and if I had the money, I'd be headed to go get that Mach 1 engined one too because it's a killer deal. I know that even with the low mileage, you can take it to a dealership and the most, absolute most they'll give you for it is $4000 as that's really close to NADA retail value. They need to make profit off it too, and they can probably mark it up a little to $5000 or $6000 and "work a deal" to sell it for $4500 or $5000 because they don't have to do much prep work on it, but to me, I just can't see spending that much on a stock car.
Please don't take me as attempting to offend you either. I love these cars, but think that in bone stock form, they're not quite where they should be. I've owned a bone stock 97, and now a modified 97. I'll take the modified car over stock any day. I just like them better.