Tilted Forum Project Discussion Community - View Single Post - Buying old muscle/investment

echo5delta · 09-21-2008, 02:48 PM

Hey gang - I'm off-and-on posting here, but it occurred to me that I'm in the middle of something right now that I could really use some TFP gearhead advice with. Fast!

I'm in the middle of negotiating and possibly buying a 1968 Pontiac GTO as a second car. I'm not totally hung up on this particular car or even the model, but my whole intent was to get something fun and fast to have in addition to my daily driver.

What I want is a 2009 Dodge Challenger, but I can't quite afford that, not by a long shot. I figured old muscle would be the next best thing, and likely cheaper.

Anyway, here's the car I found, before I go any further:

Pretty nice, eh?

The dealer selling it was asking $25k, but snatched up my offer of $22k, max. I asked him by email how long it's been in inventory, and he ignored the question. Hmmm.

Also, he represents it as a total "numbers match", meaning the 400ci engine in it is original, with 113k miles on it.

I've already paid (at a decent expense!) for a pre-purchase inspection and appraisal through a separate company nearby. The owner is going to the dealer tomorrow and will put the GTO on a rack, check the undercarriage, check the frame alignment, research the "numbers match" on the engine, rear end, etc., compression check on each cylinder, and tons of other crap. He'll then do a 30 minute test drive and call me with what he's found out. I'll have that written report, plus 200 photos, in hand about a day or two later.

So basically, I've already bought 'the engagement ring', but I'm not married to this thing yet.

My biggest question at this point: Assuming that it is what's been represented, is there a market out there where this thing will/could sell for $25k or more? How much would each of you say this thing is worth, basically - in general or specifically in your local area?

Once the written report is back, I'll have to make a decision on it one way or another, I'd say no later than Thursday or Friday. I want this car, and it'll be a big expense to me... but I need to feel really, really good about resale value (in a year, two, three), among other things, before I can commit.

WWTFPD?

09-21-2008, 02:48 PM	#1 (permalink)
echo5delta Crazy Location: Swamp Lagoon, North Cackalacky	Buying old muscle/investment - HELP! Hey gang - I'm off-and-on posting here, but it occurred to me that I'm in the middle of something right now that I could really use some TFP gearhead advice with. Fast! I'm in the middle of negotiating and possibly buying a 1968 Pontiac GTO as a second car. I'm not totally hung up on this particular car or even the model, but my whole intent was to get something fun and fast to have in addition to my daily driver. What I want is a 2009 Dodge Challenger, but I can't quite afford that, not by a long shot. I figured old muscle would be the next best thing, and likely cheaper. Anyway, here's the car I found, before I go any further: Pretty nice, eh? The dealer selling it was asking $25k, but snatched up my offer of $22k, max. I asked him by email how long it's been in inventory, and he ignored the question. Hmmm. Also, he represents it as a total "numbers match", meaning the 400ci engine in it is original, with 113k miles on it. I've already paid (at a decent expense!) for a pre-purchase inspection and appraisal through a separate company nearby. The owner is going to the dealer tomorrow and will put the GTO on a rack, check the undercarriage, check the frame alignment, research the "numbers match" on the engine, rear end, etc., compression check on each cylinder, and tons of other crap. He'll then do a 30 minute test drive and call me with what he's found out. I'll have that written report, plus 200 photos, in hand about a day or two later. So basically, I've already bought 'the engagement ring', but I'm not married to this thing yet. My biggest question at this point: Assuming that it is what's been represented, is there a market out there where this thing will/could sell for $25k or more? How much would each of you say this thing is worth, basically - in general or specifically in your local area? Once the written report is back, I'll have to make a decision on it one way or another, I'd say no later than Thursday or Friday. I want this car, and it'll be a big expense to me... but I need to feel really, really good about resale value (in a year, two, three), among other things, before I can commit. WWTFPD? __________________ "Peace" is when nobody's shooting. A "Just Peace" is when we get what we want. - Bill Mauldin Last edited by echo5delta; 09-21-2008 at 02:51 PM..