I’m looking for opinions on the value of a car. It’s a 1969 GTO Judge, Ram Air III, automatic transmission. The VIN has been verified by PHS, it is indeed a legitimate Judge. It is nearly complete, as best as I can tell. It’s been parked since 1975 (or earlier), and has 40 years of garage junk piled around and on top of it. My father-in-law (the owner) has given conflicting stories regarding the reason it was parked. He’s said that it’s “blown up,” and as it sits now the valve covers are off and I can see aftermarket rockers. The intake is aftermarket Edelbrock, and the carb is aftermarket Holley. I do not know if the original parts are buried elsewhere in the garage. Exhaust manifolds are also missing, and some crummy looking headers are laying nearby. From what I can see, the block and heads are original… I can say nothing for the internals. He has also mentioned that the transmission “went out.” I don’t know if that’s what he was meaning when generally mentioned the car being “blown up,” or if that was referring to the engine specifically. Every time I ask I get a vague and different answer. I think he honestly doesn’t remember. One thing I can say with certainty… it did not move to its current resting place under its own power.
Though it has been stored inside, the garage is low-lying and very humid. The body is rust free and free of crash damage, but rather beaten and scratched due to the way it’s been stored. The paint is very, very dull. Due to conditions in the garage, the chassis has significant surface rust.
I know that anyone can look up a car value, but my hang-up is deciding what condition rating applies to it. (Unfortunately, Hagerty’s Valuation tool only goes down to condition #4
. I swear they used to include 5 and 6.) From Hagerty:
NO. 5: RESTORABLE
Needs complete restoration of body, chassis and interior; may or may not be running, but isn’t weathered, wrecked or stripped to the point of being useful only for parts.
NO. 6: PARTS CAR
May or may not be running, but is weathered, wrecked and/or stripped to the point of being useful primarily for parts.
It’s nearly complete, so I wouldn’t consider it a parts car… thus making it a number 5. But on the other hand it is most certainly weathered, making it a 6.
Now, I realize that putting a value on this car is highly subjective. A car in poor condition but so much potential value is going to garner widely different opinions.
I will be purchasing this car from my in-laws. The father talks about “fixing it up,” but he hasn’t done a thing in 40 years and has finally admitted that he never will. Two of his kids (that aren’t my wife) have expressed interest but also have done nothing in 40 years to act on it, and don’t have the financial discipline to pay their phone bills on time… not to mention save the money to buy and restore a car. My concern is to buy the car for a price that will prevent any legitimate argument that I lowballed them. I’m not trying to get this car cheap. I want this to be a transaction that everyone involved feels good about now, and 10 years from now.