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Old 10-15-2006, 05:53 PM   #1
ipchay61
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Default Looking at a 92 GT....

..and would like some help.

Found a '92 GT at a car lot today. It's Ultra Blue over Titanium. Appears to have about 125,500 miles on it. Interior is complete and in decent shape but could use a new console and the passenger seat belt does not retract. It even has the owners manual and the orginal warranty card. Exterior looks to have be in ok shape. There is a dent in the front center of the hood, two chips in windshield, and the LF fender doesn't quite match up to the door. Could find no rust under the doors or anywhere else for that matter. The car appears to have been lowered. Paint is peeling on some of the lower ground effects and a little clearcoat peel on the hood. The rear bumper cover has been hit on the right side and has a tear in it. As expected, the door trim needs repainting or replacing but the weatherstriping all looks ok. The heater core has been bypassed and it has a CAI. Not sure if the AC works but it is there. Has headers and a dual exhaust with no catalytic converters that exits underneath, just ahead of the rear axle. If someone could run a Carfax, the VIN is 1FACP42EXNF134517.

Any thoughts on what a resonable price for this is?

Pics posted below...sorry, it was a cellphone camera.

Chip in SC

Last edited by ipchay61; 10-15-2006 at 06:15 PM..
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Old 10-15-2006, 05:55 PM   #2
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pics



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Old 10-15-2006, 05:56 PM   #3
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more pics..(my '07 is in the last one.)

Chip in SC



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Old 10-15-2006, 09:24 PM   #4
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It's tough to tell from the pictures, but it does look like a pretty good car to work with. Most of the stuff you mention would make great bargaining points. The clearcoat on the hood really doesn't matter since there's already a dent in the hood, but would work in your favor when dealing.

I really don't know what to tell you on the price, but looks like something that would be relatively easy to fix up.
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Old 10-16-2006, 11:38 AM   #5
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Went and looked at it today. Guy said it had an E303 cam, shaved heads, CAI, BBK headers, MAC prochamber exhaust (man it was loud!), ~3.73 gears, Eibach springs. AC seemed to work, clutch felt ok. Just drove around the parking lot as I was at lunch and didn't have much time. They're asking $4850 and the lowest he would go was $4300. I'm having a hard time seeing myself spending that on it when it needs so much to bring it back to factory condition (see my original post). KBB has it's value as $2350 (I'm saying it's in FAIR condition) but I don't know how realistic that is. Thoughts anyone?

Chip in SC

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Old 10-16-2006, 03:24 PM   #6
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Boy I'm not sure what to tell you on price. I know here in NE Iowa right now that car would proabably be worth anywhere from $3k to 4K with it's present miles and condition by picture and description. I bought a 47,xxx mile 92 LX 5.0 vert. this past Spring for 3K so that might help you, in a round about way, figure the value of that car. I'm not sure but in your area that car might be worth more, I don't know. I will agree with you though if your having trouble making up your mind now to cough up the money to buy it in it's current condition don't do it. To me there is nothing worse then sitting on a car all Winter long that you wish you hadn't spent the money on.
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Old 10-16-2006, 03:42 PM   #7
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In my opinion, there are way too many of these for sale to pay 4,300 for that thing. I think I would be more in the 2,000 - 2,500 range based on your description.
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Old 10-18-2006, 08:29 AM   #8
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Chip, whatever you do, don't tell Bowers where the car is!
You must know by now how much the group of them will try to corner the market on Ultra Blue cars with the titanium stripe! None are safe!

First, is this car like on consignment or is it actually owned by the used car lot? If it’s on consignment, the owner can often be located and a realistic selling price can sometimes be reached.

In either case, they can’t be onto the car for that much money. Also, is there a prime time season in SC for either buying or selling these types of cars? Up north, it’s the time to be buying them as winter is approaching and plans have to be made for winter storage.

Anyway, look at it this way, is the car resembling (the end item of) what you are actually looking to own, drive and care for? Spending over $4k for soemthing that isn't the way you want it might not be the best way to go.

In your eyes, what will it cost you to fix the stuff the car has wrong with it? Add up what you could be spending from fixing the ashtray door to the autobody work and heater core.

In a private sale, what would a 125k mile GT like this sell for with or w/o the modifications?
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Old 10-18-2006, 09:34 AM   #9
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Dont even think of buying that car for that price. I bought my '92 GT with 72,000 miles for $2200 and it runs and drives like new. I realize I found a good deal on mine but realistically that car you are looking at is a $2500 car tops.

Keep looking. They're out there.
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Old 10-18-2006, 10:29 AM   #10
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Quote:
Originally Posted by gregpro50
Dont even think of buying that car for that price.

Keep looking. They're out there.
You could be into this car for like $6-7 before you get the final end item that you are looking for.

I'd imagine you could find a similar experienced car in a lot better shape for that $3-5 range.
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Old 10-18-2006, 01:52 PM   #11
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id walk away just for the simple fact that they said the heads were shaved... you don't know who was in there and what the really did

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Old 10-18-2006, 02:44 PM   #12
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Thanks for the posts guys! The car is owned by the used lot (They call themselves a "Wholesale" Lot...HA! Wholesale my @$$). The salesman called me back yesterday and told me his boss said I could buy it for the low price of $3950. I laughed and said he would have to come down A LOT more than that. I'm really looking for a decent car in as close to factory condition as possible, that can be driven while being reconditioned.

Not really a good "car buying season" here. We rarely even have nightime temps below freezing and maybe 5 days a year when the high stays below 32. Most days get to at least 50.

I've already added up what needs to be done to the car to put it back close to what I want. Came up to $2750 not counting the engine and suspension. I was going to go by Saturday and offer $1900. I really don't see myself paying more than $2300 for it.

Thanks again!

Chip in SC

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Old 10-18-2006, 02:54 PM   #13
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Quote:
Originally Posted by MoDo
id walk away just for the simple fact that they said the heads were shaved... you don't know who was in there and what the really did

.02
Yeah the guy I bought my Boss 302 from "freshend" the motor. About 3 months after owning it it started missing. Long story short, found he dropped a bolt down the cyl intake and it had jammed the valve open and broke the valve spring.

ALOT of people think they know how to rebuild/set up motors when they REALLY dont
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