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post #1 of 24 (permalink) Old 04-05-2012, 02:46 PM Thread Starter
 
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Newbie asking the impossible...

Hello all...a newbie here from Oregon. I have located a decent 1970 GTO project car that has been sitting in one spot for at least 10 years without moving. I've talked to the guy a couple of times about selling and he insists he doesn't want to sell, that he intends to fix it up for his daughter, etc. He hasn't given me the opportunity to look under the hood so I don't know what engine it has or other accessories that might have some value.

It doesn't appear to have any severe rust though I'm banking the floorpans and trunk will have a fair amount of cancer since the back seat is filled with old newspapers and phone books just soaking up the moisture. It does have one significant dent on the passenger side quarter panel, about the size of a basketball; it looks like it may have been a pole that got it.

I'm wondering what a fair cash offer might be for such a car. I want to go to him with a fist full of Benjamin Franklins, he might let it go if he sees cash ready to change hands, I don't know. But I want to give it a go...

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post #2 of 24 (permalink) Old 04-05-2012, 03:02 PM
 
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If he is like most people that have good intentions. It will rust to the ground before he ever seriously attempts anything.

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post #3 of 24 (permalink) Old 04-05-2012, 05:22 PM
 
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Facn8 is dead on, odds are he will let it rot.
Check out this site, that's dedicated to more like him:
pg47Bowties
Warning: it's depressing as hell.
There are Goats out there with real sellers, you just have to be
patient and diligent in your search.
Best of luck.
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post #4 of 24 (permalink) Old 04-05-2012, 05:24 PM
 
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At the same time, I think you should try to get it,
if you think it's worthwhile.
I hope I'm wrong about this guy.
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post #5 of 24 (permalink) Old 04-05-2012, 05:57 PM
 
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most people that let a car sink in the ground and still have visions of restoring it are delusional and have an over inflated sense of the value of what they have, and absolutely no idea of the time and money they will have to put into it in a restoration. I would be worried about the frame on that car too as it has sunk nearly too it, so to place a value on it without giving it a once over is a crap shoot at best. I have a feeling that an honest offer would be insulting to him based on the above.

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post #6 of 24 (permalink) Old 04-05-2012, 08:03 PM
 
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Is his daughter hot, and are you a chopper pilot.......chicks love chopper pilots! Eric



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post #7 of 24 (permalink) Old 04-05-2012, 08:24 PM
 
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find a different car, build it, then drive by and do a fat burnout if front of him, then take his daughter out

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post #8 of 24 (permalink) Old 04-06-2012, 12:00 AM Thread Starter
 
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LOL...I've NEVER seen his daughter! This car sits two houses down from my in-laws place and I've seen it sitting there for at least 10 years that I can positively recall and I'm pretty sure quite a bit longer.

I fear you're all right...he'll probably sit on it until it's just a shell. It was his father's car...strike one...he's proud to say it's "numbers matching" (important to a collector but not to me, I just want a hard driver) and how valuable that is...strike two...and I haven't figured out strike three yet, but I know it's there.

I was pondering using $1500 as a starting point and willing to negotiate but I have zero doubt that Instg8ter is correct, no matter what I offer him under probably $12-15K he will consider insulting. What I don't know is what a fair value really is...as much as I can find on the interweb, a parts/project car may go for about $4K. That's what I was hoping you folks could confirm or deny...
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post #9 of 24 (permalink) Old 04-06-2012, 01:17 AM
 
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just so you have an idea, your looking at 20K+ to restore a car like that if you can do all the work yourself, if not add on another 10-15 for labor plus initial cost of the car.

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post #10 of 24 (permalink) Old 04-06-2012, 03:45 AM
 
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I finally got around to working on my '67 after it sat in my yard, barn, field since '81. And a number of people asked to buy it. I used to have a '57 convertible Starchief and sold that and have regretted it ever since. Ergo I kept the Goat. Now its time.

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