And still using the same ad plus:That car has been for sale for a couple years now. I suspect the rust is the big deterrent in the sale of the car. And it would need pretty much everything. One would do better financially with a better one to start with I would estimate.
2012?!?!?!UPDATE: I just got it running again on 12-27-12
Actually, this car is a very good deal - despite the rust issues. It would bring somewhere upward of $60K, if brought up to No. 2 standards.
I think one would be less up-side-down with this car than with one of our restored C-Bodies.
Parts for those cars are very hard to come by and expensive and the interiors are very expensive to restore. Rust repair done correctly is also very expensive and that car will have plenty that is not disclosed yet or perhaps even unknown by the seller. I estimate the restoration costs will be well above $40K. And that car doesn't have a/c so the value of the car is significantly less when done than one with that option. You can buy a nice 300F for about $75K and save yourself a lot of pain and money. I have restored both 300 letter cars and C bodies, so I have some idea what I am talking about.
With C bodies, you can buy pretty rust free cars for little money by comparison, and there are still quite a few out there compared to this low production specialty car. And parts likewise are far more plentiful and relatively cheap. Being upside down with a $5K car can be much less painful than with a $20K starting price and the hurdles ahead with the 300F.
This 300F will probably not find a buyer at any price given the realities that exist today and it might end up as a parts car. Plenty of 300Fs are out there since all the old guys that have owned them so long are dying off and they are not scarce if you want to buy a nice one now, and their prices will only continue to go down over time except perhaps for some rare examples such as 4 speed manuals etc or convertibles. And the restoration prices will just keep going up.
Parts for those cars are very hard to come by and expensive and the interiors are very expensive to restore. Rust repair done correctly is also very expensive and that car will have plenty that is not disclosed yet or perhaps even unknown by the seller. I estimate the restoration costs will be well above $40K. And that car doesn't have a/c so the value of the car is significantly less when done than one with that option. You can buy a nice 300F for about $75K and save yourself a lot of pain and money. I have restored both 300 letter cars and C bodies, so I have some idea what I am talking about.
With C bodies, you can buy pretty rust free cars for little money by comparison, and there are still quite a few out there compared to this low production specialty car. And parts likewise are far more plentiful and relatively cheap. Being upside down with a $5K car can be much less painful than with a $20K starting price and the hurdles ahead with the 300F.
This 300F will probably not find a buyer at any price given the realities that exist today and it might end up as a parts car. Plenty of 300Fs are out there since all the old guys that have owned them so long are dying off and they are not scarce if you want to buy a nice one now, and their prices will only continue to go down over time except perhaps for some rare examples such as 4 speed manuals etc or convertibles. And the restoration prices will just keep going up.
Oh man....that's tempting.
I agree, it depends how much disposable income a person has. I can have alot of fun in my cars that I have 3k invested.
Remember, "anything more than breathing air in life is a luxury" spend your money and time wisely.
You don't think thats a 6 figure car when done right?Great car, but market value would be about 1/2 the restoration cost........ Labor of love only.