What is it Worth? Use this forum to get feedback on vehicle prices - for selling or buying

what is a fair price for this formula?

Thread Tools
 
Search this Thread
 
Old 04-27-2011, 05:22 PM
  #1  
Launching!
Thread Starter
iTrader: (37)
 
firebiird's Avatar
 
Join Date: Jan 2005
Location: south central pa
Posts: 264
Likes: 0
Received 0 Likes on 0 Posts

Default what is a fair price for this formula?

i'm looking to buy a friend's car, its a 98 formula hardtop factory 6sp car..red with a primer quarter/part of the door..and silver fender thanks to a deer (repair done, needs paint)
124k ish miles cloth interior in decent condition..clean title and such..
bad however..its been essentially sitting for the better part of 2 years, and it has no transmission or components for the transmission...(even the console/pedals and such have been removed in preparation for an auto)
car ran very well when it was parked but current condition is essentially unknown due to it sitting
whats a fair price to us both?
here's a pic of it when it was running a couple years ago right after the deer hit it and body was repaired
Old 04-27-2011, 06:00 PM
  #2  
Staging Lane
 
TransAm Bandit's Avatar
 
Join Date: Jan 2009
Location: Dubai
Posts: 84
Likes: 0
Received 0 Likes on 0 Posts
Default

4500$ to 4800$ max
Old 04-27-2011, 08:55 PM
  #3  
Launching!
Thread Starter
iTrader: (37)
 
firebiird's Avatar
 
Join Date: Jan 2005
Location: south central pa
Posts: 264
Likes: 0
Received 0 Likes on 0 Posts

Default

guess i wont be getting it then..dont think i could afford to get a trans and all its components and install..and paint for even close to what a running driving car like it would cost..sucks..
Old 04-28-2011, 09:06 AM
  #4  
TECH Junkie
 
NC01TA's Avatar
 
Join Date: Aug 2006
Location: Western North Carolina
Posts: 3,585
Received 442 Likes on 319 Posts

Default

This car needs paint, has no tranny, and has over 100k miles plus Lord knows what. $2,000 is more than fair. It is almost a 'parts car' at this point.

I have to ask why you would even bother. Putting thousands into this car, unless you can do all the work yourself, takes you into territory where you can buy a complete running LS1 car with about the same mileage. Seems like a big headache.
Old 04-28-2011, 12:47 PM
  #5  
Launching!
Thread Starter
iTrader: (37)
 
firebiird's Avatar
 
Join Date: Jan 2005
Location: south central pa
Posts: 264
Likes: 0
Received 0 Likes on 0 Posts

Default

i wanted it for no other reason then its currently a 3 owner car..and i was the 2nd owner
i can indeed do all the work myself short of paint..and i have a complete t56 setup laying around..
thats not to say i'm willing to be impulsive or stupid with how much to pay for it..its still gotta make financial sense or at least break me even with what i can buy one that doesn't need all this work
Old 04-28-2011, 12:51 PM
  #6  
11 Second Club
iTrader: (14)
 
Head Hunter's Avatar
 
Join Date: Aug 2010
Location: North Dallas
Posts: 235
Likes: 0
Received 0 Likes on 0 Posts

Default

I wouldn't pay more than $2000 for it since it's essentially a roller and obviously needs paint. You can get a rolling WS6 T/A in good condition for $4,000
Old 04-28-2011, 01:04 PM
  #7  
TECH Junkie
iTrader: (18)
 
ramairetransam's Avatar
 
Join Date: Aug 2005
Location: Amsterdam Ny, the good part
Posts: 3,389
Likes: 0
Received 63 Likes on 51 Posts

Default

not more than 3500 max.
Old 05-24-2011, 02:32 PM
  #8  
11 Second Club
iTrader: (23)
 
98LS1Formula's Avatar
 
Join Date: May 2003
Location: Eugene OR
Posts: 295
Likes: 0
Received 0 Likes on 0 Posts

Default

Glad to see you got it back! I miss the A4 hardtop I got off of you, I sold it back in 07 and its been an unfinished project since, I might buy it back someday and fix it up



Quick Reply: what is a fair price for this formula?



All times are GMT -5. The time now is 08:26 AM.