Looking for feed back on a 68 clone - Pontiac GTO Forum
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post #1 of 19 (permalink) Old 05-11-2014, 06:08 PM Thread Starter
 
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Looking for feed back on a 68 clone

I'm looking into potentially buying a 68 Tempest cloned into a GTO. It's a convertible with a new 350 .
Lots of nice updates and very clean inside and out.
He has 25+ into it but needs to sell.
My question is what is it really worth and how hard is it to sell if I wanted to upgrade at some point to a true GTO
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post #2 of 19 (permalink) Old 05-11-2014, 06:37 PM
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It's worth what the market will bear, and it will never be a true GTO, no matter what you do to it. A real GTO is worth about twice what a Tempest is, and a Tempest costs the same $$$ to restore. You could get a pretty nice real '68 GTO ragtop for about 30k, probably less in this market. I would say the Tempest is probably a 12-15k car, max. That said, there is nothing wrong with a Tempest or LeMans.....same basic car as the GTO and cheaper to buy and insure. With the right drivetrain, every bit the equal of the GTO, but without the 'bragging rights".
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post #3 of 19 (permalink) Old 05-11-2014, 07:25 PM
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I'd have to see pics at least to value this car but IMO $25 K is Top Dollar for a non GTO especially with the 350 motor unless it was a full protouring car with an LS swap. GTO on the other hand will command that price and possibly more depending on options and rarity.

But again, I was around when that was a $1500 car too....

As GeeTee said though it's all about putting the right buyer with the right car and anything can happen.
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post #4 of 19 (permalink) Old 05-11-2014, 07:55 PM Thread Starter
 
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Here is my dilemma, I have not seen any true GTO convertible for under 35k. My budget is 20 for a nice weekend ride that looks and sounds the part. If I can sell it in 5-10 years for same while I save up another 20 for the real show type car then the mission is accomplished. Just trying to figure out if this restored Tempest is worth 18-20. I attached some pics. Thanks guys I totally appreciate the feed back.
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post #5 of 19 (permalink) Old 05-12-2014, 03:49 PM
 
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No

Consider that 50% to 90% of the money you shovel into the clone will never be recouped. It's better to buy a GTO that meets your needs and put the money into it.
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post #6 of 19 (permalink) Old 05-12-2014, 05:08 PM
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Originally Posted by zmann View Post
He has 25+ into it but needs to sell.
He made a mistake investing that kind of money into a clone, In my opinion a tempest convertible restored to it's original concourse condition that scores a 10 out of 10 would be worth $25,000-$30,000.

Here is a NADA value chart, my opinion is the car cloned to a GTO would be worth about $10,000-$12,000, if he had left it as a Tempest maybe $12,000-$16,000 depending on the market in your area.

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post #7 of 19 (permalink) Old 05-12-2014, 05:33 PM Thread Starter
 
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Consider that 50% to 90% of the money you shovel into the clone will never be recouped. It's better to buy a GTO that meets your needs and put the money into it.
but base average retail on a 68 2 door with a 350 is 40k, that's twice what I can afford
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post #8 of 19 (permalink) Old 05-12-2014, 05:38 PM
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Buy it if you must, then. We're simply telling you that it's overpriced by roughly twice what its value is. If you could get it for 15k or less, you'd be ok, IMO. More than that, it's a money loser for sure. Just because the owner made the mistake of investing too much money into his clone doesn't mean you have to take ownership of the same mistake. Your call, though. I've said my piece.
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post #9 of 19 (permalink) Old 05-12-2014, 05:43 PM Thread Starter
 
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Buy it if you must, then. We're simply telling you that it's overpriced by roughly twice what its value is. If you could get it for 15k or less, you'd be ok, IMO. More than that, it's a money loser for sure. Just because the owner made the mistake of investing too much money into his clone doesn't mean you have to take ownership of the same mistake. Your call, though. I've said my piece.
Thank you, I totally hear where your coming from, maybe I should just wait to find one for 25 or see if he is willing to sell for 15 lol
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post #10 of 19 (permalink) Old 05-12-2014, 06:46 PM Thread Starter
 
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Originally Posted by 05GTO View Post
He made a mistake investing that kind of money into a clone, In my opinion a tempest convertible restored to it's original concourse condition that scores a 10 out of 10 would be worth $25,000-$30,000.

Here is a NADA value chart, my opinion is the car cloned to a GTO would be worth about $10,000-$12,000, if he had left it as a Tempest maybe $12,000-$16,000 depending on the market in your area.

Thanks Randy, that's very useful info.
I don't mind being the laughing stock of GTO owners I just don't want to over pay. Makes me think there is no Champagne deal on a beer budget lol. So maybe il just buy a Le Mans or Tempest and keep it as is. Seems more logical.
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  Pontiac GTO Forum > The 1964-1974 Pontiac Tempest, Lemans & GTO > 1964-1974 Tempest, Lemans & GTO General Discussion

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