I bought my 69 GTO survivor from the original owner for $12,500. He said he priced it to sell quick and didn’t want to drag it out. I was first to look at it- and happily gave him the cash- he happily took it.
He felt the car needed full restoration- I felt it needed elbow grease and some cleaning.
The key to me is the car was not running, not even cranked. I took all of the risk. It could have needed a motor and transmission. It could have needed all new wiring, it could have needed a lot.
I feel the same way about the 68 LeMans convertible I bought for 5k. It had 4 flat tires and no keys. They wanted 18k, I offered 5k and would have it moved that day. Again, I took all the risk and acted quickly to get them something for the car.
Now- if I found something of value in the car they did not realize was in there it would be a different story.
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