Craigslist Junk - Pontiac GTO Forum
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post #1 of 26 (permalink) Old 11-03-2018, 02:25 PM Thread Starter
 
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Craigslist Junk

I did not want to post on a previous discussion and take away from the original poster's discussion on the value of his car, nor put any negative spin into his honest question.

So how do we value our cars as they are or when we are looking to buy & sell them. This includes parts & pieces.

This is my opinion of course, but many of the prices asked for are not in the realm of reality. Prices have been driven up and out of reach for most of us thanks to the assorted big name auctions, specialty consignment houses and dealers, and car repair/rebuild shows that flip cars and/or let the viewers know what it cost to rebuild and the price they immediately received when they went for a drive and a passerbyer just happened to see the car and had to have it at any cost. (I wanna find one of those guys! LOL). Even the insurance companies can be thrown in here for inflating car prices.

Now yes, some cars are indeed rare and of limited production numbers or have a unique history and can be worth their weight in gold - but once restored they are like the Mona Lisa, you can't really enjoy it unless you enjoy putting it in a museum, trailer queening it to car shows & events, purchased it as a money investment (or to hide your assets from the government), or simply want bragging rights of ownership amongst your affluent and lofty friends. So if you had for example a 1 of 2 car and yours was the only one in existence, yep, it might be worth 1 million plus to some collector. But, you may have had to have had the 5 year restoration that cost $500,000 to get it there. I am not talking of these cars.

Here is an example off Craigslist in my neck of the woods. I only uploaded the 5 pics to give you and idea of the car: GTO 1965 - $4500 - This is a nice car for a full restoration.It has a 389 335 h.p. , automatic , power steering, power brakes and air conditioning.I have the rear bumper and stainless that was buried in the trunk.I think it has potential.The driver seat is rough but I found two very nice sets last nite .One set was 550 and 700 in black too.on Cleveland Ohio craigslist.I got my PHS report Monday showing it to be a gto.trades welcome

$4500???? Holy smokes. So how much money do you want to invest in bringing back a 335HP, ST-300 2-speed automatic car? The average car guy, as many of us are, would most likely not even consider a car in this shape. The pics show the visible rot, but no doubt once you got into this beauty it is just full of surprises. There are other pics showing more rusted areas.

Now if you asked me to put a value on this car, what would I say. I see this one as a parts car. IF the engine was freed up and turned over, I would put a value on it of $1800 tops (but more like $1200 would be about right), but I would need a warehouse to put all the parts after I stripped it down and hoped to sell all the parts in my lifetime to get my money back and make a profit off it.

This is just one of the many examples that come up in my area on the Craigslistings. And this is not limited to Pontiac or GTO stuff. I look at other cars, trucks, & parts as well and see nothing but overpriced junk - which has been posted in some cases for years. If you really want to know what a car or part is worth, look at the reasonable offers you may get and that is what it is worth. If you don't get an offer, your way too high and if you don't want to accept an offer, then maybe you really don't want to sell it.

Just my opinion.
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post #2 of 26 (permalink) Old 11-03-2018, 02:50 PM Thread Starter
 
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Some more local stuff that in my opinion is a bit high on the prices.

How about a Ram Air Hood Tach for $150?

How about and unrestored pair of seats - GM Bucket Seats 62, 63, 64, 65 GTO Chevelle, Skylark, Cutlass, - $350

Trans-Am guy? Here is a beauty. 1978 Firebird Transam 400sm 6.6 - $2400

How about a 400CI block that took a rod hit and has rough cylinders? YZ code 400 Pontiac GTO or Firebird block - $500. Back of block G067 July 6th 67 cast date 9790371 (Some of these were hard to make out but what I have looked up it should be for a 1968 400 HO 360 Horsepower). The block is .030 bored & was ran after boring. It had a rod break & at the bottom of one of the cylinders there is a notch where the rod hit. Some small dings in the cylinder too. Dings may clean up with boring or may need a sleeve?
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post #3 of 26 (permalink) Old 11-03-2018, 05:57 PM
 
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What irritates me is I have sold quite a few parts, and cars at extremely reasonable prices. I sold my wife's 68 Camaro for 15K only to see it resisted a week later for 22K.

I sold an original 64 engine for 900 with the 716 heads only to see the heads on eBay for 1500 and actually sold for 1k.
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post #4 of 26 (permalink) Old 11-03-2018, 11:25 PM Thread Starter
 
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Originally Posted by tonyskala View Post
What irritates me is I have sold quite a few parts, and cars at extremely reasonable prices. I sold my wife's 68 Camaro for 15K only to see it resisted a week later for 22K.

I sold an original 64 engine for 900 with the 716 heads only to see the heads on eBay for 1500 and actually sold for 1k.
Yep, have had the same experience thinking to help someone out and give them a little break. All you can do is basically go high on the price and do the "or best offer" or just bring it down in small amounts until it does sell and then accept it if it sets right with you. If you see it relisted, always remind yourself you got what you wanted out of it and good for the other guy who can make a few bucks on it.

I don't buy items so I can flip them - 'cause I always get stuck with items that don't resell, or lose money trying to get rid of it.
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post #5 of 26 (permalink) Old 11-04-2018, 12:55 AM
 
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Well I must confess. I am the guy that will buy your parts at a reasonable price and resell for profit.I have been doing this for many years. Not as a living but for xtra cash to fund my projects. Now as Tonyskala has mentioned It may be irritating to sell something at a reasonable price only to find it selling for more later. That is called capitalism. I only buy cars and parts for muscle cars. I have flipped fixer uppers such as 1965 malibu ss convertible, 1972 el camino ss, 1970 442 convertible and currently have for sale a 1973 rolling chassis rs camaro split bumper. I have been told "are you serious" And another offered $500 as a joke. My reply is where are you gonna find another split bumper rs camaro. It takes a lot of work to get a trailer and go hundreds of miles to pick one up unload it relist it and tie your money up. I can only pay so much to be able to make it worth my while. So it is up to the seller to decide how badly they need the money or want it sitting around. I am not at all offended when someone rejects my offer and always wish them the best. But there are alot that are grateful not to have to deal with scammers and the such anymore on craigslist. In my experience buying fixer uppers and parts.I believe if that 65 gto came up for sale in my neck of the woods and had a (clean title) I would offer $2800 and go up to 32/36 after negotiations. But if I always dreamed of owning a 65 gto and could not afford a $30,000 car. I would certainly pay close to his asking price then find a $800 lemans and my dream would become a reality. Building some of the cars I buy are not for the faint of heart or the unskilled. But very doable. here is a picture of my 1974 camaro z28 4 speed ac car. It was in rough shape when I bought it for $900. No motor,tranny,seats, chicken wire in the quarters. You get the picture. But I always loved the stripe package on this car so I took on the project. My GTO wasn't nearly as bad. I do not own a shop all done out of my two car garage in the city. So figure what you would like to get for your cars/parts start a little higher and go from there. I enjoyed seeing this topic come up because muscle cars are almost unattainable for the common man anymore. You have heard "buy the worst house in the best neighborhood"? Well that applys to classics too.
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post #6 of 26 (permalink) Old 11-04-2018, 10:05 AM Thread Starter
 
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It's all about what name brand items you choose to add to your high mileage big block Pontiac (You can tell its a big block engine because its painted orange).

455 big block motor/trans - $6000

I got a 455 big block Pontiac motor with elderbrock intake and valve covers with a holly carb and new alternator. Newer 700r4 Goodyear trans and the msd ignition system all that goes. Came out a 76 Pontiac n it's now in my k5. Had about 150k on it before put in the k5 but it has only been in it for not even 500miles. I want something smaller.
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post #7 of 26 (permalink) Old 11-04-2018, 05:27 PM
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The GTO is a mess....good for engine and AC parts, and possibly trim. The wheel covers have value. Funny that the front seats have the covers installed backwards, with the pleats pointing toward the doors instead of at the center of the car. This car, like so many I see, would be a money pit even if given away for free, unless it was parted out. I see maybe $1500 there in parts. The most I've ever paid for a '65 GTO was $2000, back in 1992, and it was a 4 speed car that drove and ran just fine. No rust, either. I recently offered a guy $700 for a '62 GP that has been sitting outside for 20 years. He wanted $4500. I walked. It'll sit there until it turns to dust.
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post #8 of 26 (permalink) Old 11-06-2018, 04:46 PM
 
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WTH ??? This is what I’m saying.
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post #9 of 26 (permalink) Old 11-06-2018, 07:17 PM Thread Starter
 
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WTH ??? This is what Iím saying.
My guess is that its not about THAT car, but the VIN, Serial No., frame, rear axle, and PHS documents to convert an unsuspecting Lemans convertible into a high dollar GTO. That said, you could double the price of your Lemans ala GTO.
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post #10 of 26 (permalink) Old 11-07-2018, 01:17 AM
 
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I realize it’s not a Craigslist posting, but it
Just goes to show what some people are willing to spend on, stuff, lol. No way I’d spend that, if I did I would atleast want to be able to drive around the block.

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