is this really a $7500 car?

Discussion in 'The Bench' started by GranSportSedan, Aug 7, 2017.

  1. A few years ago this car was listed locally at $10,000 and was a no sale, I drove by and looked at it but didn't even bother getting out of my truck. I saw an older gentleman in the driveway and stopped to chat with him, he said he had decided to keep it since nobody wanted to give him what he wanted for it. I gave him my card and told him to give me a call if he needed parts and I would steer him in the right direction. Happened to be driving home today and passed his sub division so I drove by and the car was still there. I stopped and knocked on the door and was talking with his wife and mentioned that I might be interested if they had decided to sell. she asked me what I might pay and I mentioned maybe as much as 5k depending on a few things.. she told me somebody has offered him $7500 for it and he turned that down. they let me shoot a few pics before I left. is this thing really worth $7500 when it needs nearly every panel replaced? it is an A/C equipped car and has Buckets and console in brown. no disc brakes

    IMG_20170807_161346349_HDR.jpg IMG_20170807_161354315_HDR.jpg IMG_20170807_161403125_HDR.jpg IMG_20170807_161411835_HDR.jpg IMG_20170807_161420961_HDR.jpg IMG_20170807_161426417_HDR.jpg IMG_20170807_161436168_HDR.jpg
     
  2. hugger

    hugger Well-Known Member

    $3500 imo
     
  3. CJay

    CJay Supercar owner Staff Member

    I guess that's why its still sitting there. That's NY rusty!
     
    STAGE III likes this.
  4. docgsx

    docgsx It's not a GTX

    Hugger was being very gracious, $2500 in my opinion and not a penny more. Think about all you have to do. Brakes, exhaust, fuel tank, fuel lines, all body panels… It's a parts car
     
    matt68gs400 likes this.
  5. gsfred

    gsfred Founders Club Member

    Rough, rough, rough. Rust free...buy the car and get the rust free, and a 71 rear bumper.
     
  6. JR Wills

    JR Wills Well-Known Member

    "It's Just like the 1 that went through the Auction on TV...........................Except.................."
    People think All these cars are Gold & for years have griped about being undervalued. Now Everyone wants the High bucks for rags, & extreme figures for "Restorations".
    Granted, people have a Lot of $$$ into some of them (Not saying the money spent is what the Value is) and in All Honesty, Just because someone spends $100k on a car, it isn't necessarily worth that. I see to many cars where the owner is Crying, because he has a "Check book" Restoration & can't get the money back.
    JR
     
    Dadrider and docgsx like this.
  7. Mart

    Mart Gold level member

    That's patina, and lots of it! Valuable stuff, to him at least. :rolleyes::D
     
    docgsx likes this.
  8. sriley531

    sriley531 Excommunicado

    7500? Nah! (At least imo). But I'd give it a go for the right price, it's not really any rougher than my lowly skylark when I started on it.
     
  9. wunquik86'

    wunquik86' Well-Known Member

    You didn't show us the interior. If the outside is representative of what the inside looks like, Docgsx is exactly right. Its is a parts car, in other words a place to start. I gave 25oo for the 71' skylark I restored and it looked better than what I'm seeing here and my floors were gone. Did you look under it? Just saying.
     
    docgsx likes this.
  10. CJay

    CJay Supercar owner Staff Member

    As a comparison, I bought this for $900-

    KIMG0389.JPG
     
    TexasT and docgsx like this.
  11. superlark

    superlark Guest

    I didn't look at values but if it's numbers matching I'd pay up to about 4 for that. But only if the frame was still good. Otherwise it's nil.
     
  12. OHC JOE

    OHC JOE Mullet Mafia since 2020

    Poor car
     
  13. kinda like that doofus that has the 71 GS 350 listed for sale here on the board for crazy money. :D
     
    hwprouty likes this.
  14. CJay

    CJay Supercar owner Staff Member

    Parts cars are immensely fun to drive. The 70 GS I posted is my "driver"

    If you can get that car for the right price Bob, do a safety check on it, throw a set of plates on it and drive it!
     
    Mike B in SC and turbotimmer like this.
  15. Smokey15

    Smokey15 So old that I use AARP bolts.

    The guy is delusional. Some 'expert' told him that someone he knew, or someone on BuyitJackman, sold one for big bucks. But, never mentioned it was fully restored. He's gonna own that until it rots into the ground. If it's parked in the street and not legally plated, it may get 'tagged' for towing. Sooner IF someone calls the local govt' and complains........... That lights a fire under their ass to sell. Does it even run?
     
    docgsx likes this.
  16. Jim Jones

    Jim Jones Wretched Excess

    First off, I am making no claims about the value of the pictured car, In fact I don't think they will get a better offer than $7500. But I am trying to get a feel for what those who have commented here consider an Ideal project car, and what amount they would be willing to invest. Lets assume this car is a documented '70 Stage 1 with original engine-trans-carburetor-distributor. Needing a similar amount of restoration. What then?
     
  17. hugger

    hugger Well-Known Member

    Then it's worth every penny and then some, non stage 70 is a 35to40k TOPS , there is 25k in paint and body to be done on this thing

    I'm all for build what you want and have fun , but being 20k+ upside down in a car sickens me, whether I would sale it or not
     
    matt68gs400 and docgsx like this.
  18. JR Wills

    JR Wills Well-Known Member

    I see it All the time. The only way some of the Restoration Shops come out ahead, is people see the work & then got to that shop.
    Talked to a guy a few years ago @ B-J, Lost a Ton on an overly restored car. He told me he lost about $30k on that car, But, picked up 5 clients wanting their cars restored.
    I always tell people to "Buy the Best you can afford & if you have to go a bit over what you think you want, Do It". It's Cheaper in the long run.
    Another aspect is Always have the car inspected if you can't do it Hands on, yourself & have someone with No emotion on the car.
    I went to a Auction last month & was looking @ a Porsche 912. Pix looked good, as did the description of the car. Funny how they never showed the rot (in weird places) & pushed the fact that it had come from Arizona.
    There was a Hole in the passenger floor that you could drop a gallon bucket through & a "prospective Bidder" stepped through the Driver's floor opening a hole 2x that size.
    "On Line bidder" bought it for $26K!!! I would've hated to be around the transporter when the car was delivered to N.J.!!!!!!!!
    Talk about "Buyer's Remorse".
     
    docgsx likes this.
  19. TimR

    TimR Nutcase at large

  20. TexasT

    TexasT Texas, where are you from

    Up north that probably would be represented as minimal rust. I have looked at some real "winners" that people have brought down. Rust is a horrible fate.
     
    docgsx likes this.

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