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Old 07-05-2013, 07:46 PM   #1 (permalink)
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1966 GTO Hardtop coupe - advice

I'm new to this, and I am looking for some advice on a car I've found in my local area. I hate to be the annoying newb, but the asking price is about the entirety of the VA disability backpay check I got in May. I do not want to get screwed over, and I'm afraid to lose all of that money and look like a fool.

The car is a 1966 GTO Hardtop coupe with about 60,000 miles. The paint looks great, but I can't seem to find a name for it, or even a similar color on another gto. The AC is out, but other than that, everything functions as it should. The owner has thousands of dollars worth of invoices, along with auction docs with the price he paid. It is PHS certified, owner has original invoice as well. No rust, frame is solid, fresh headliner. Only issue is that the numbers do not match - the car is from April 66, but the motor is from May 66.

Owner paid $26k in 2010, he is asking the same now. Owner is also service connected disabled, and he bought the car with his backpay. I don't get the feeling that he's lying or over exaggerating, he has been honest as far as I can tell. He is not in a hurry to sell, so he actually advised me to get other peoples opinions online. Car is not being advertised online or otherwise, it's just sitting in his driveway for a few hours everyday on a lightly traveled road.

Pics are below, I appreciate any responses.

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Old 07-06-2013, 07:56 AM   #2 (permalink)
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Looks like a nice car. According to the dealer invoice it had special paint and that is why it does not match the PHS. The price he is asking is fair, but it is unreal and rare that anyone gets what they paid for the car. Test drive the car to checkout brakes and suspension. You should not feel like you are floating all over the road. Aside from the A/C not working, look underneath to see if there are any leaks. Power steering and rear main seals are famous for that on these cars. I think you can get it for 24 - 25k. Ask if he has other offers before you make an offer.

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Old 07-06-2013, 10:52 AM   #3 (permalink)
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i agree, very honest looking car. With special paint it could be any GM color so look at chevy , buick, olds and Cadillac chips as well. Hard to guess on value these days, market is soft, but if you plan on keeping it it should retain a value around 20K -25K for the right buyer...these cars are only worth what someone will pay. The auctions give people an inflated sense of value, but he's in the ballpark if its an original 60,000 mile car. Check if the motor is a SR block, thats a GM service replacement and could make it correct.
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Old 07-07-2013, 12:47 PM   #4 (permalink)
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I agree. Looks like a solid, never-really-messed-with car. Only drawbacks affecting value besides the incorrect engine are: automatic trans, wrong wheels, and A/C not hooked up. Getting the AC up and functional will cost well over $1000-$1500, and is no small thing. I would pay close to his price ONLY if he has the AC restored and working. If not, all things considered, I see a 20-22k car, max. One thing to keep in mind: this car won't depreciate like a rock like a new car. So, your $$$ spent now can most likely be regained later, if you want to make a change, etc. Good luck.
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