Opinions needed, keep or sell? - Pontiac GTO Forum
Pontiac GTO Pontiac GTO Forum

» Auto Insurance
Wheel & Tire Center

Go Back   Pontiac GTO Forum > The 1964-1974 Pontiac GTO > 1964-1974 GTO General Discussion
Register Home Forum Active Topics Photo Gallery Garage Search Today's Posts Mark Forums Read Auto EscrowInsurance

GtoForum.com is the premier Pontiac GTO Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 01-24-2013, 09:37 PM   #1 (permalink)
 
Join Date: Jul 2008
Location: Nebraska
Posts: 4
My Photos: (0)
Opinions needed, keep or sell?

I have owned a 67 GTO post coupe for 10 years now, due to moving and school I was not able to do much to it for most of those years. Two years ago I decided to pull the body off and start a frame off resto(mod). I am now married and have decided to return to school. This means I will not be able to afford to do any more work to the car for another 5 years as I wont have the time or the money. When I bought the car I swore I would never sell it but looking at the cost of going back to school and having it sit ANOTHER 5 years makes me question if I should try and sell it to pay for school. I should note that I told the wife if I sold my car to pay for school it was the FIRST thing on the list to buy once I graduated (luckily for me she likes muscle cars). So, do I sit on it for another 5 years without doing much of anything to it, or sell it and make school easier then shop again when I graduate?
mechaNIC is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 01-24-2013, 10:44 PM   #2 (permalink)
 
gotyorgoat's Avatar
 
Join Date: Jun 2011
Location: Denver
Posts: 105
My Photos: (0)
If you think you can get anywhere near what you need for it, I would sell. No sense letting a project car hang over your head for 5 more years.

Besides, it sure will be fun shopping for a new one!
__________________
It doesn't have nitrous. It has cubic inches.
gotyorgoat is offline   Reply With Quote
Old 01-24-2013, 10:58 PM   #3 (permalink)
 
jetstang's Avatar
 
Join Date: Nov 2008
Location: Niceville, FL
Posts: 3,375
My Photos: (10)
Garage
It depends on how much you have in it, and if you can replace it for that price later, and how much of a difference it can make towards your education. If it is decent and you have nothing in it, then keep it. Either way, you may regret it later. But, take care of you and family now, time for toys later.
__________________
Burning rubber since 1982!!
My photobucket, lots of dif car pics.
http://s411.photobucket.com/home/jetstang
jetstang is offline   Reply With Quote
Old 01-25-2013, 09:10 AM   #4 (permalink)
64-67 Expert
 
geeteeohguy's Avatar
 
Join Date: Feb 2008
Location: Fresno, California
Posts: 6,730
My Photos: (2)
To be realistic, it sounds like you bought a complete car and took it apart. And it's still apart. That means selling it would not gain you much. It's worth less than half of what it was all in one piece, maybe less. The prices of these cars are down now. They will go back up, but hopefully not to the unrealistic and innappropriate levels that they were at, making them out of reach for most. My advice would be: 1) Hold on to the car and weather the storm, or 2) put it all back together so you can sell it for the most amount of $$$. Selling a basket case is a losing proposition 100% of the time.
geeteeohguy is offline   Reply With Quote
Old 01-25-2013, 09:36 AM   #5 (permalink)
 
FlambeauHO's Avatar
 
Join Date: Nov 2011
Location: Pensacola, FL
Posts: 1,064
My Photos: (5)
Re: Opinions needed, keep or sell?

Agree with Geetee.
FlambeauHO is offline   Reply With Quote
Old 01-25-2013, 05:50 PM   #6 (permalink)
 
skurfan's Avatar
 
Join Date: Sep 2012
Location: Sedalia, Missouri
Posts: 158
My Photos: (1)
If you can afford to...I would keep it. As already stated, it is apart and prices are down. But...what you have is better than money in the bank. That is IF you can do what you have to do without what little you would get for it.
skurfan is offline   Reply With Quote
Old 01-25-2013, 06:00 PM   #7 (permalink)
Super Moderator
 
Rukee's Avatar
 
Join Date: Feb 2007
Location: South Central Wisconsin
Posts: 9,347
My Photos: (16)
I would keep it, you won't get that much for it now and the way prices have increased over time, 5 years from now the prices will be higher. Plus after your schooling you'll be making more money to spend on it.
__________________

Restoration pictures password is 'GTO'
Burn-out videos.
Rukee is online now   Reply With Quote
Old 01-25-2013, 08:01 PM   #8 (permalink)
 
Instg8ter's Avatar
 
Join Date: Sep 2010
Location: Near Detroit
Posts: 3,734
My Photos: (0)
+2 with GeeTee, car in boxes is half of what a runner would be. Market is way down, been watching the sales and very few cars selling for reserve besides verts, survivors and judges and even those are few and far between. I can get a nice 70' with the judge trim for a fair price that only needs final prep and paint. Was kicking around buying and finishing to flip within the next few years for a little profit (and driving to shows and such with the sign in it ) but for what the markets saying it's worth, it's a crap shoot.
Instg8ter is online now   Reply With Quote
Old 01-25-2013, 08:58 PM   #9 (permalink)
 
Join Date: Jul 2008
Location: Nebraska
Posts: 4
My Photos: (0)
Those are all very good points, I knew that selling it in the condition it was in was going to be a losing battle. I plan on doing my best to keep it and then resuming the restoration when funds permit. If it comes down to having to sell it to stay in school then so be it but I think holding on to it for another 5 years will be worth it in the long run. I've talked to way to many people who sold a car they loved only to regret it years later. Thanks for the advice and info on the market!
mechaNIC is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Pontiac GTO Forum > The 1964-1974 Pontiac GTO > 1964-1974 GTO General Discussion


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Header Opinions needed jigaway 1964-1974 GTO General Discussion 25 08-20-2011 12:59 PM
Opinions needed on this GTO freezingbelow 2004-2006 GTO General Discussion 12 09-13-2009 09:30 PM
opinions needed teamwoody72 1964-1974 GTO General Discussion 5 08-08-2009 07:57 PM
Opinions Needed teamwoody72 1964-1974 GTO General Discussion 9 12-01-2008 07:19 PM
Opinions needed!! pickinfights 2004-2006 GTO General Discussion 8 10-11-2006 10:57 PM

Powered by vBadvanced CMPS v3.2.2

All times are GMT -5. The time now is 01:49 AM.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.2
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.