Three years ago we featured a very nice Ebay find 1958 Packard that failed to meet the reserve as biding reached $25,000. These end of the line Packards that are often called “Packardbakers” due the the merger of Packard and Studebaker can be tough to value as there are only an estimated 20 surviving examples out of the 159 that were manufactured.
This Ebay find 1958 Packard wagon is an honest original driver that has a BIN of $13,500. So the question is if the market for a very nice example is 25K, does buying this one at $13,500 give you enough room to sink 10-12 grand into to bring it up to the standards of a 25K example?
The body looks solid and the chrome and trim looks to be in good shape and all there. There is evidence of some minor rust in the doors, possibly a result leaking window seals. The undercarriage is described as being in good condition. The interior is all original but needs to be completely redone. Despite the rarity of these end of the line Packards, interior materials are available. Mechanically the car runs and drives well but expect some issues as a worst case scenario. What’s your conclusion? Is this worth it at $13,500