1967 GTO: dude asking $10k?

Question

here are the specifics: it sat in a field for 15 years (or so the owner says); it has surface rust on almost all of it - the rust is solid, though (my pocket knife didn't plunge into the metal as i knocked it on different areas); it is white; has what owner says is a 393 (probably stock); interior has to be TOTALLY redone (from carpet & headliner to dash, gear shifter (his & hers)), guages, seats - everything; body is fairly straight; owner says that the engine turns over; didn't read odometer and it has two flat tires.

What would a person throw into rebuilding this car? Would you start from the ground and go up? Are parts easy to find for antique GTOs?

I hardly think he'll get $10k; I looked on eBay and found a running, fully operable 67 GTO for around $6k (nothing fancy).

Thanks for any tips/advice.

Answer 1

Ten grand sounds a bit steep. You'll want to get the VIN number and verify that it's a true GTO before you buy. People have been making "fake GTOs" for more than twenty years.

Below is a link to a '68 GTO with matching numbers for only $6,800. Here is the text from that ad:

1968 Motor Trend's "Car of the Year Award". Manufactured in Arlington, Texas GM Plant. Southern Car, Very solid. 400 CI Big Block Engine – 350 HP. 400 Turbo Transmission, His and her shifter, Matching Numbers, Original ENDURA Front Bumper. Runs and Drives Good. Good Solid Rebuilder. Last GTO to have " Vent or Wing Windows". Some lite rust…not bad at all. Good floor pans, Nice carpet, New exhaust and New Shocks

The second link below is the results of a cars.com search for older GTO's regardless of price or location. There are a few in that price range.

Answer 2

There is no such thing as a GTO Le Mans. It is either a Tempest, Le Mans, or GTO. These were all built on the same GM A-Body platform All similar cars. Same wheel base. All look similar. The Le Mans was a trim upgrade of the Tempest. The GTO was considered a completely different model. The Le Mans will have a smaller engine. Most common is the 326. The only size engine available in the GTO was the 400. The 400 was not available in the Le Mans. The GTO had louvered covered tail lights. The GTO will have a 400. The Le Mans will have ripples that look sort of like louvers stamped into the rear quarter panel just behind the doors. The GTO will have smooth sheet metal in this area. The GTO will have fake hood scoops. The Le Mans will have a smooth hood. The GTO will have fog lights in the grille. The Le Mans will not have these. Be careful that you are not buying a clone. A clone is a lesser model made up to look like a more expensive model. A 1967 GTO clone is not worth nearly as much money than a true 1967 GTO. The VIN will tell all. The first digit should be 2 for Pontiac The second and third digits should be 42 for GTO The fourth and fifth digits should be 37 for 2-door coupe The sixth digit should be 7 for 1967 The 7th code will be the assembly plant. There was more than one assembly plants making the 1967 GTO The last 6 digits are the actual serial number If the second and third digits of the VIN are: 33 = Tempest 35 = Tempest Custom 37 = Le Mans 42 = GTO Seeing your update we are talking about a Le Mans. A little on the high side for a 2 door sedan or 2 door hard top in decent condition. It would need to be in show car condition to be worth $8500. See the link below to further evaluate what constitutes a fair price.

Answer 3

It should have a 400. In 67, there were 3 different engines available in the goat. A 255HP, 335HP, and a 360HP. At least that's how I remember them.

I think that you would be better off taking a look at the one on E-Bay. I wouldn't buy it sight unseen, also, is it an original, or a LeMans that was converted over to a GTO? There are a lot of them out there. Use the VIN to determine what the car was when it was built. If you can try and find one with the RAM-AIR 3 option and a 4 speed.

good luck.

Answer 4

It's all in the numbers kid. If this is a matching numbers car it will sell for about 50-75K It will coast you about 8-20K to rebuild it. (depending on how much labor YOU do) Friend just sold a 1969 Z for 96K he had 83K in it. GTO's are more rare than Z's but not as sought after so you may get lucky. Muscle cars are hot right now. wish i had some. but i have invested heavy in old stuff.

Answer 5

Cash flashed in the face works.....the guy is way out of line...
make him a offer you think is reasonable and all he can say is no.......some people just have no clue and your farmer seems to be one of them.....