Buying My first 1968 GTO.....Need some help - Pontiac GTO Forum
User Tag List

 
LinkBack Thread Tools Display Modes
post #1 of 9 (permalink) Old 08-13-2013, 07:55 AM Thread Starter
 
Join Date: Aug 2013
Posts: 4
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Buying My first 1968 GTO.....Need some help

Well I am going to get an oppertunity to buy a 68 GTO from a friend that inharited it from her father. The car has 90k original miles, all matching numbers. Power everything, ac, Bucket seats with the his and hers shifter. 400 motor.
Interior is perfect, all original. The paint is very bad and was repainted and it looks like a high school did it. Starting to rust around the rear window but just bubbling.

I want to give her a good price for the car and im not tring to rip her off. So having said that.....what do you think this car is worth

Also looking for a GTO guy in East Tennessee

Thanks
ScottVDB is offline  
Sponsored Links
Advertisement
 
post #2 of 9 (permalink) Old 08-13-2013, 09:20 AM
 
Join Date: May 2013
Location: West Grove, PA
Posts: 12
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Garage
I purchased a 69 GTO about four months ago from Northern New Jersey. The car is
all original except for the paint which was done 18 years ago but still in decent shape. Some bubbling around the trunk lid where it meets the tail lights. Original interior, all
numbers matching, 4 speed, 400 ci 350 hp. The interior is all original with a small tear in the side of the drivers seat and a 7 inch crack in the dash pad in front of the steering wheel. Original headliner, carpets. Radio and clock do not work, most don't. I paid 19,000 for the car. The owner was asking just over 20,000. Any other questions e mail me [email protected]
Soups is offline  
post #3 of 9 (permalink) Old 08-13-2013, 09:42 AM
 
jmt455's Avatar
 
Join Date: Mar 2012
Location: SE Michigan
Posts: 725
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
First, begin by verifying that is is a "real" GTO.
If the VIN doesn't start with the numbers "242", it was NOT built as a GTO.
A "235" 0r "237" series VIN (Lemans or Tempest series) will not be worth anywhere near as much as a real GTO.

If it really is a GTO, there are a LOT of details that will make a big difference in the car's value.
Is it in running, driving condition?
Which body style? (hardtop or convertible)
Is it a Ram Air car?
Is the engine original to the car?
Is it rust-free (or nearly rust-free) underbody/suspension/chassis?
Were any/all body repairs done properly when it was painted or does it need major panel replacement?

A hardtop equipped with the base engine (400/350 HP, non Ram Air), automatic, A/C, power windows/steering/brakes and poor paint (without any major corrosion issues) is probably worth nearly $20,000.

Here's a valuation chart from Hagerty:
Price Guide Report

IF it's a Ram Air II car, the value could easily be $40,000.
Price Guide Report

Here are a couple of helpful sites for identifying the vehicle's engine and original colors:
Wallace Racing-Drag Racing Pontiac powered Firebirds,Trans Ams and Dragsters
1968 GTO Specifications - UltimateGTO.com

Whenever you're looking at Pontiacs, it's always smart to get the vehicle documentation package from Pontiac Historic Services. You send the VIN and they will send you an information packet that tells you how the car was originally equipped, the build date, colors, even the key lock codes.

It costs $65 (extra charge to get an immediate, faxed reply).
You can get the order form on their website:
PHS Historic Services
AFAIK, they don't offer on-line ordering. You must print the form and then call, fax or snail-mail your vehicle and payment info.

Good luck!

1968 Pontiac GTO
1983 Pontiac Bonneville (G) wagon
2008 Pontiac G8 base

Last edited by jmt455; 08-13-2013 at 09:43 AM. Reason: corrected term
jmt455 is offline  
 
post #4 of 9 (permalink) Old 08-13-2013, 08:58 PM Thread Starter
 
Join Date: Aug 2013
Posts: 4
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Wow great information, This car is sold but needs a complete paint job. I did se the sell sheet when he bought it in 1970. The care was green with a black top. He painted it Red and it was not a good paint job. Other than that I did drive the car about 7 years ago but it has been sitting ever since. The gas tank has a rust hole in it and it would need some work to get it drivable. I will take your advice and document the car and go from there

Thanks again!!
ScottVDB is offline  
post #5 of 9 (permalink) Old 08-13-2013, 10:59 PM
 
jmt455's Avatar
 
Join Date: Mar 2012
Location: SE Michigan
Posts: 725
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by ScottVDB View Post
Wow great information, This car is sold but needs a complete paint job. I did se the sell sheet when he bought it in 1970. The care was green with a black top. He painted it Red and it was not a good paint job. Other than that I did drive the car about 7 years ago but it has been sitting ever since. The gas tank has a rust hole in it and it would need some work to get it drivable. I will take your advice and document the car and go from there

Thanks again!!
With those kinds of issues, I wouldn't pay anywhere near what I indicated in my original post.

I would look for "parts car" pricing; probably less than $5000.

1968 Pontiac GTO
1983 Pontiac Bonneville (G) wagon
2008 Pontiac G8 base
jmt455 is offline  
post #6 of 9 (permalink) Old 08-14-2013, 12:05 PM
64-67 Expert
 
geeteeohguy's Avatar
 
Join Date: Feb 2008
Location: Fresno, California
Posts: 8,483
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 100 Post(s)
In it's current condition, needing paint, fuel system work, and probably all new front end parts, you're looking at a $5,000 to $8,000 car. By the time it's repainted and sorted out mechanically, you'll have another 15 to 20k in it.
geeteeohguy is offline  
post #7 of 9 (permalink) Old 08-14-2013, 09:50 PM Thread Starter
 
Join Date: Aug 2013
Posts: 4
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I think your dead on, This car is solid and just needs some good attention. I had someone else tell me the same thing, 6k to 8k given what needs to be done. As I mentioned. I drove the car, I put a battery in it and it fired right up. That was in about 2007, in 2008/2009 the car was driven from Alabama to TN and parked and it hasent moved. The interior is like brand new and as far as I know its all original.
Thanks for all your imput. Hopefully Ill get some pictures of it this weekend
ScottVDB is offline  
post #8 of 9 (permalink) Old 08-14-2013, 10:24 PM
Former Super Moderator
 
Rukee's Avatar
 
Join Date: Feb 2007
Location: South Central Wisconsin
Posts: 9,919
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 21 Post(s)
Good luck!!
Rukee is offline  
post #9 of 9 (permalink) Old 08-17-2013, 11:45 AM
 
teamwoody72's Avatar
 
Join Date: May 2008
Location: Manhattan il
Posts: 265
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I recommend getting the phs docs
teamwoody72 is offline  
Sponsored Links
Advertisement
 
Reply

  Pontiac GTO Forum > The 1964-1974 Pontiac Tempest, Lemans & GTO > 1964-1974 Tempest, Lemans & GTO General Discussion

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Pontiac GTO Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
will a 1968 lemans floor shifter cable work on a 1968 GTO dual gate shifter par4n1 1964-1974 Tempest, LeMans & GTO Technical and Electrical Wiring 5 03-09-2013 07:50 PM
Buying my first GTO kingair350 2004-2006 GTO General Discussion 2 03-20-2012 04:14 PM
Buying 69 GTO thejudge69 1964-1974 Tempest, LeMans & GTO Technical and Electrical Wiring 3 11-12-2009 05:28 PM
buying a gto Q8 GTO 2004-2006 GTO General Discussion 5 07-03-2009 06:23 AM
Looking at Buying a 65 GTO got some ?'s Z06kern 1964-1974 Tempest, Lemans & GTO General Discussion 3 05-03-2005 01:39 PM

Posting Rules  
You may post new threads
You may 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

 
For the best viewing experience please update your browser to Google Chrome