[72GTOMN]

I'm trying to decide what to do with my car situation this spring so I thought I would get some other opinions.
I had a 1967 GTO for 5 years which I sold in 2014. Why did I sell it? Well, I met this girl and you probably know the rest of that story. The good news is the girl is gone and I got a message from the guy I sold it to that he needs to sell it this spring. He asked if I wanted to buy it back. I should throw in the point that I am not a wealthy person and $32,000 is a huge amount of money for me.
Now, I didn't waste all of my money on my ex. I have some savings and I bought a mint 2004 GTO to have fun with since they're such a bargain. I don't have the money or space to keep both cars. The thing is I really enjoy that 2004. I know what everyone thinks of them and they're not an investment like the 1967, but in todays world it's just more useable. If I sold the 2004 and used some savings I'd still have to take out a small loan to get the 1967 back. I don't know if its worth it. What do you guys think?

[Chief of the 60's]

If it were me and I was in your situation, I would much rather have a cool old car than an interesting new one.

[TedRamAirII]

No one knows your old car like you do. Is it worth 32K? Do you think someone else will pay 32K Make an offer. I sure wish I had my old 67 GTO back.

[72GTOMN]

It's definitely worth $32,000 any day of the week. It's a Freemont, California car that stayed there until 1991. All original metal and all matching numbers. It's a low option car with a 4-speed, manual steering, drums all around and 3.55 safe-t-trac. I put thousands into it and the current owner did as well. The more I write about it, the more I'm sure the 2004 has to go.

[carbking]

15 years seems to be about the average for when something electronic on the newer vehicle breaks; the dealer says "sorry sir, that part is no longer available" rendering the vehicle as a parts car! (Maybe less for imported orphans!).

Can't really give you any advice except to consider everything: daily driver, miles driven, insurance costs, how well the buyer of your 1967 has taken care of it, condition of your 2004 with possible needed repairs, etc., and most importantly what YOU want to do.

Good luck.

Jon.

[66sprint6]

Having these old cars is a lifestyle choice and buying them is an emotional purchase. I wouldn't call it an investment. But the payback, aside from the monetary standpoint, is huge. If there is any feeling that you might regret the purchase and carrying costs down the road, then forget it. Aside from that, do what makes you happy. Lord knows that it's a challenge to get some enjoyment out of life these days.

[imposter]

is the 2004 a daily driver if you buy the 67 back you'd have to get a daily and how much did you sell the 67 for higher or lower than 32k is the question that you'd have to buy another daily if you have a daily id much rather have the 67 in the garage

[nas t eh]

I'm not going to give you good advise, just my take on a strange reality.

If you want to get another girl get the 67 back, if you want to stay single keep the 04. If you get the old car back and a new girl friend you"ll end up married and selling the 67 again.

Life is funny like that.

[goatless]

I'm not big on the idea of taking out a loan for a "play" item, be it a car or whatever.
If you prefer having an old car instead of the 2004, buy something you can afford.

[Chris65LeMans]

If you have another car as a daily driver, you should do it.

When I pitched the idea of buying an old car to my wife, she said “why don’t you buy one in 30 years when you retire?”

It didn’t have the effect she thought it did - my mom was 30 years older than me, and was terminally ill. I realized that could be me, so I went and bought my car almost immediately.

It was a good decision.

[72GTOMN]

Thanks for all of the insights. I live in Minnesota so I have another car for a daily driver. I just lease whatever POS I can get a good deal on, then let the road salt do it's thing before I turn it back in for another one.
I've been obsessed with GTOs since I was 13 back in 1987. Owning one was such a huge goal in my life that after I bought one I felt if I died I'd have no regrets. I had/have GTO shirts, jackets, hats, watches, drinking glasses, coffee mugs, models, posters, bar stools, etc. I always hoped Pontiac would reintroduce the GTO some day. I remember dressed up 1987 G-body Grand Prixs with GTO stickers, the Grand Am prototype they had in the late 80's, and the late 90's orange prototype. I was a little disappointed with the style of what we eventually got, but I still like it. I really like anything with a GTO badge but 1967 is perfection to my eye.
I still don't know what happened but I fell under a spell and watched everything disappear piece by piece and I didn't even put up a fight. Thankfully, I woke up before it was too late. But I still lost quite a bit. So, I think I'm traumatized enough and learned my lesson to just stay single. I sold the "67 for $30k.
Goatless, your comment is exactly why I hesitate at all on this. I'm a practical person and hate borrowing money. One of the reasons I got so interested in GTOs was back in the late 80's you could get them really cheap. I remember a mint '65 for sale at a gas station for $3000 in 1987. My father scoffed and said "that's what they sold for new!" What's cool about the 2004-06 is they are really cheap cars now.

Thanks again for the discussion. I have time to figure it all out but I enjoy talking about it.

[Simple Man]

The price on these cars is just going to keep rising. If I had the chance, and didn't take it, I would regret it for a long time.
About the loan, someone told me once, concerning old parts, that if you see something you need, buy it. You can always make more money, but they're not making these old parts anymore. Same might be said about this purchase.

[locomotivebreath]

I’m against getting a loan like that as well , but it is just partial of the sum - knock it out quick . Go for it ! I can tell right now that you’ll regret it the rest of your life if you pass . You’ll never have he opportunity again and I don’t think another 67 down the road will be as special to you . Good luck & post some pics when you bring it home !

[tiretread]

Get your old car back. It has tons more character and meaning to you than the 04. I love my 06 but between it and my 66 Tempest, I'd keep the Tempest all day long.

[gtospieg]

when I met my girlfriend my dining room was a storage/staging area for my GTO parts and I told her the car would be done before the house...she had no problem with that...I still have her and the 67 GTO...get the car back

[455firebird1969]

The 67 in the picture looks nice. If you can afford to buy it back, do it. There is so much we don't know about you, and your financial situation that it makes it hard to suggest what you should do. If you are financially stable, and have a garage to park the 67 in, then you need to buy it. Sell the 04 and buy a daily driver. The 67 is a weekend car, unlike the 04. If you can swing it, make it happen. As far as women go, hopefully you learned the lesson on your first pass.

[PurelyGTO68]

I have an 05 GTO 6 speed and a 68 GTO convertible 4 speed. If I could only keep one....it would be the 05. I like driving my cars and I have a lot of fun in that 05 so it would be hard to let that car go.

Just my $0.02....

Good luck with whatever you decide. Tough choice.

Sent from my XT1585 using Tapatalk

[1965gp]

The 04 will be a lot easier to replace in the future if you end up missing it.

I never understood the idea against a loan for a toy. What is the difference if I have a $300 monthly payment or if I spend $300 a month on parts and supples for a project car?

The difference if I get to enjoy it right away and can get out of it at any time. The project and pile of parts isn’t going to be worth much to someone that didn’t take it apart.

[1965gp]

Not trying to hijack the thread or get off topic- just another way to look at it.

[bluebandit]

Id say go and get your old GTO back. Even if you need to borrow a bit, money is pretty cheap right now. Also your getting a known car instead of taking a chance on something else later on.