Real value of numbers matching? - Pontiac GTO Forum
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post #1 of 40 (permalink) Old 10-21-2014, 07:49 AM Thread Starter
 
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Real value of numbers matching?

I am looking at a numbers matching 64 GTO, Tri-power, 4 speed, 3.23, convertible GTO. Drive train appears to be 100% original and matches the PHS, cowl tag, as well as the assorted numbers from Pontiac power. All the options listed on the manifest are accurate and in place. (missing original wheel disks) The car drives well and runs strong. No smoke or noise. (Tri-power needs a tune) The brakes are terrible, but no major front end issues.
The problem is.....the body has a ton of bondo, the paint job is garbage and the frame has rot in all the common places.

Since this would be a big job, I am weighing the value of numbers matching (positive) vs. the time/money it will take to restore this car. (negative)

All comments welcome.
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post #2 of 40 (permalink) Old 10-21-2014, 08:21 AM
 
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Pics would help to guess value.


67 Post Coupe,
69 RA III Judge
06 BOM, M6, 18's
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post #3 of 40 (permalink) Old 10-21-2014, 08:34 AM
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Regardless of the numbers, restoring a car will always cost more than buying a 'done' car, especially when dealing with a rusted car. The car you describe in restored condition is worth about 40-60k in todays market.....and would likely cost about 80-100k to restore. My advice? buy one that is not rusty, period. You are better off buying a car in need of restoration that is simply worn out, but not cancerous.
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post #4 of 40 (permalink) Old 10-21-2014, 12:44 PM
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Agreed 100% Not to mention if you buy a "done" car you get to enjoy it right away. My advice is always buy the nicest example you can even if you have to pay more than you want to.
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post #5 of 40 (permalink) Old 10-21-2014, 01:38 PM Thread Starter
 
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A few pictures.

Is the $80k with purchase price of car or on top?
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post #6 of 40 (permalink) Old 10-21-2014, 06:39 PM
 
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Is $80,000 the purchase price?

Please confirm what seller is asking.
If in fact $80,000 is the purchase price and granted this GTO is at the 50th Anniversary mark - it is way overpriced!
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post #7 of 40 (permalink) Old 10-21-2014, 08:10 PM Thread Starter
 
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Ha. Sorry. Not anywhere close. If I had $80k laying around I would buy two $40k cars. GeeTeeOhguy said it would cost $80k to $100k to restore. Purchase price is <$20k. Just trying to figure with a new frame, floor/trunk pans, rear qtrs sheet metal, paint, tune up, brake upgrade, what would the restoration cost. (over price of the car)
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post #8 of 40 (permalink) Old 10-22-2014, 05:58 PM
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Even if the car was $2500, with the cost of a frame, pans, sheet metal, etc., you would be so upside down in the car you'd lose your shirt. You'd end up with a 40K car that cost 80-100k to restore. And, someone like me wouldn't even pay the 40k for it, being that it's and extensively rebuilt car with non original frame, floors, and sheetmetal. For 40k on up, it had better have most of its born-with panels, and for sure would have to have its born-with frame.
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post #9 of 40 (permalink) Old 10-22-2014, 07:24 PM
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Quote:
Originally Posted by geeteeohguy View Post
Even if the car was $2500, with the cost of a frame, pans, sheet metal, etc., you would be so upside down in the car you'd lose your shirt. You'd end up with a 40K car that cost 80-100k to restore. And, someone like me wouldn't even pay the 40k for it, being that it's and extensively rebuilt car with non original frame, floors, and sheetmetal. For 40k on up, it had better have most of its born-with panels, and for sure would have to have its born-with frame.

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post #10 of 40 (permalink) Old 10-22-2014, 08:08 PM
 
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It is nice that it is numbers matching, but I don't think it really adds any big value because the car is not "rare" enough, ie a Ram Air car, or something unique like a 4.30 rear gear, radio/heater delete, manual steering -that type of thing. Sure, its a convertible and that has value, but I don't feel that the '64 GTO's are as desirable as the years that followed.

I think 20K is way too much considering all you have said about the car and if it needs a frame, well, there goes original numbers matching. Sad to say with it needing a frame replacement, its probably worth 1/4 of the asking price. Once you begin to strip off the paint, you might be opening a can of worms. I mean, frame, floors, trunk, quarters? lower doors?, lower front fenders? windshield channels? and what else? Looks like it needs an interior. The drive train may seem good, but are you honestly going to restore the body & interior and not rebuild the entire driveline, suspension,& brake system? (You could probably drop in a 455CI & 5-speed or 461CI and 4-speed with a 1965-66 tri-power and up the value over numbers matching in my opinion)

So what exactly are you buying again for 20K????

Now if it is a car you have to have and you have the finances AND know you will never reclaim your investment should you sell it, then go for it and don't look back. It is a nice looking car from 50 feet and perhaps you can give it the just due it deserves and restore it to its former glory.

Just saying.
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  Pontiac GTO Forum > The 1964-1974 Pontiac Tempest, Lemans & GTO > 1964-1974 Tempest, LeMans & GTO Data Plate, Vin Tag and Drive Train Numbers

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