Old Man with a Hat
- Apr 8, 2012
- Reaction score
- Youngsville, NC
Man that blue car is niceSo it's been a while since I've really been around the Studebaker world, but $5K sounds like a realistic starting point. As I was looking at the pics, before I saw the price, I was thinking that's a $4-5K car. It really depends on your goal with this car. If you would be buying it to flip, it's most likely not going to worth the time and effort.
Completely restored this car is a $20K car. It will cost more than that for the restoration, not including labor. These Studebakers are much like our big MoPars in parts availability, market value, and the small group of weird and crazy people who like them. Just FYI, Studebaker people are original parts kind of people, and don't accept modifications/swaps very well.
Here's one (restored) that just sold in November 2020 for $23,000
1959 Studebaker Silver Hawk
Side note; Studebaker people are notoriously tight/cheap. They will sit around one-upping each other at meets about how they saved a buck here, and a buck there. Nothing wrong with that, and they have the money to pay for the things they want, but you should expect to fight hard to get that extra dollar bill out of their hand.
Parts availability for these I think actually tends to be markedly better than for same vintage Mopars as South Bend had a large cache of NOS parts on hand when the maker met its maker.
It looks like a pretty complete car. They were all notorious for rust in that fender dog leg. If you were to buy it, joining the Studebaker Drivers clubAlso note that the V-8 cars command higher prices than the 6 cyl models, for what ever that is worth. Check the underside carefully as there is probably some hidden rust as noted.