71 GTO, What would you pay? - Pontiac GTO Forum
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post #1 of 21 (permalink) Old 08-17-2011, 12:15 AM Thread Starter
 
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71 GTO, What would you pay?

So a family friend has a '71 GTO and we have been discussing price details and we're kind of at a road block. Here are the details... unrestored 71 GTO, Sheet metal is about 8.5 out of 10 with little surface rust, paint is 2/10, Interior is about 6/10, Needs fuel pump, factory A/C car, 400ci, TH400, Numbers Matching, Needs tires (flat and dry rotted) and wheels need refurbished (cragars), AM/FM radio, needs battery. I guess my question is what would you all consider as a serious offer? This is an all original car that has been stored inside (non climate controlled). I plan to print this thread and show him to help in my negotiations. Ive done the eBay thing and found a little bit out, but I want this guy to see what true GTO guys would consider paying. I know its hard without pics, but Ill try to take some cellphone pics and post on here in a day or two if I can arrange it. Thanks for the help

-I must add that it comes fully loaded with a yellow jacket nest in the trunk too!

Last edited by AllRise70; 08-17-2011 at 12:18 AM. Reason: forgot to add bees nest
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post #2 of 21 (permalink) Old 08-17-2011, 06:55 AM
 
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Sounds incredible. Just surface rust, nice. Remember, a cheap paint job is worse than no paint job. Cheap paint and primer hide sins, you know "exactly" what you are getting. How are the floor pans and trunk? How much does he want for the car, tell us, and we'll tell you if its a good deal or not. Is it a 242 vin car, check it out.

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post #3 of 21 (permalink) Old 08-17-2011, 08:51 AM
 
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IF it's a 242 car a REAL GTO, 71 with those options, numbers matching, all original with reasonable mileage. All things considered, the condition as described. Probably in the 5-10 grand range. If they cleaned it up, put wheels and tires on it, got it running good, 10-15K.

But a car is only worth what someone is willing to pay for it. That's the bottom line.
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post #4 of 21 (permalink) Old 08-17-2011, 11:33 AM Thread Starter
 
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Yeah its a 242 GTO, 94,000 orig miles. Floor pans and trunk look. I our negotiation have stalled at about 6000. Its not that I wont pay more, Its just I know hes still got some giving room. Heres some pics...







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post #5 of 21 (permalink) Old 08-17-2011, 12:31 PM
 
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Looking at the car in those pictures it seems pretty solid. Something to consider, the 400 engine in 71 was the mid grade (455 was the big dog GTO motor) and those pics don't show the under side, frame, trunk, floor boards etc.

So that said $6000 is a fair offer.

If it's all good (as solid as it looks at first glance).
If it could be made to run easy enough.
Well then they have a right and a precedent to ask a bit more.

Is there a bidding war? Are other people wanting to buy it?

IF NOT, $6000 sounds fair to me.
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post #6 of 21 (permalink) Old 08-17-2011, 12:42 PM
 
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why is the front end so high up?? are the rear shocks gone?? it does look solid and complete though - definitly in need of some paint and tlc, hows the cowl under the windshield?looks rough from the pics. when was the last time it ran?? You may have a lot of work to do to get it going- $6-$8 seems fair if you are sure it will run
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post #7 of 21 (permalink) Old 08-17-2011, 01:31 PM
 
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Let me put it this way. If you are unsure about it for $6k, tell me where it is and I will come pick it up Labor Day weekend. That is a fair price considering the shape its in.
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post #8 of 21 (permalink) Old 08-17-2011, 02:08 PM Thread Starter
 
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Reason for front end being high is that it is on blocks because the tires are flat and doesnt want rims bent.
@thumpin Im the one at 6k, Its just that he wants a little more than that. We're negotiating im at 6k hes at 9k.
Cowl under the windshield is solid. The last time it ran was 7 years ago, according to him.
There is not a bidding war going on, for if that were the case Id say throw it on ebay. He just a friend of the family and he knows I like GTOs, so we started talking.
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post #9 of 21 (permalink) Old 08-17-2011, 02:15 PM
 
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Whoa, hasn't ran for 7 years...yowza well yea 6 grand is fair, that motor might be (and prolly is) frozen from rust and oxidation. IF it is that adds a new dimension to what needs to be done to the car. IT WON'T RUN in it's current condition. That means 99% chance full rebuild including machine work is needed and that lowers value.
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post #10 of 21 (permalink) Old 08-17-2011, 06:28 PM
 
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I wouldnt pay 9k for that.. I've seen near mint 69's/70's sell for 11-15k at car auctions.

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