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    I'm a little stunned, any comments?

    So there is a guy selling a 88 GTX that needs as much work, if not more, than my car did when I bought it. It's close to where I live in Canada so I was really intrested in picking up another shell to make a street car with. It's on another forum that I won't mention and I won't get into the details...but

    The car has some holes in the floorboard between the floor and firewall, typical rear quarter rust (lip and under the window) and has been sitting so it needs new brakes, brake lines and fuel lines. From what I've seen in my car, it probably needs about $2000 cdn in parts plus the time/labour. Then there is the bodywork!

    So should I be preplexed that a car like this has had multiple offers over $2000? I thought I overpaid for mine at $1200 for a fully running rough GTX that needed brakes. I tought at the time I should have paid somewhere between $800-1000, and I know the owner would have taken $1000 but another buyer came into the picture so I didn't chance losing the car I've always wanted.

    So what do you all think, did I just get a good deal? Is this car overpriced? Did the GTX just sky rocket in price in the past 7 months?

    And what's my car worth now? A caged, rust repaired body, JDM engine, reich racing ECU, galant brake upgrade, new stock rear brakes, new fuel lines and brake lines, new exhaust from manifold back, Dirtras on lowering springs, fuel cell, rebuilt tranny and has racing seats and a bunch of other racing saftey stuff. I was thinking in the $3000-4000 range but now I'm thinking that the ads I've seen for GTX's going for $5000-6000 are not too far off.

    Also, my car IS NOT for sale, and will not be EVER. I love it too much, once you fall asleep due to the fumes from stripping out the tar floor mat you know it's true love.

    So does anyone have some insight to the market? When the guy told me $2000 I was just shocked.

    So should I be?
    sigpic
    The Beater and the Race Car....guess which is which!
    Little boys play in the street, real men play in the dirt"

    #2
    i think ur 1200 was fairly reasonable... i would have spent that much personally. but 2k for the gtx ur talking about... fat chance.
    1992 Ultra Blue Metallic EGT - The 'scort with no name - crap>reliable daily>rallycross prep>stage rally
    Featured in Rally Gearbox Magazine 3/1/11
    "There's a hierarchy of insanity in motor sports. Normal people think all racers are crazy. Folks who race sedans think people in open-wheel cars are nuts. People who race cars of any kind think motorcycle racers are absolutely off theirs meds. But there's one group that everyone agrees is made up of the most extreme, the most daring, and absolutely craziest people in racing - rally racers."

    Comment


      #3
      its prolly only worth that to someone with a clean body considering the rarity of some of the parts listed.

      I personally would not pay that
      "Discontent is the first necessity of progress."
      -Thomas A. Edison

      "There is a fine line between ballin' on a budget, and dreamin' on an empty wallet."


      *Junked* 92 mx3, BP swap- milage whore, beaten up and down the east coast
      *Junked* KLZE powered 323 on Megasquirt 1
      172.60HP & 156.93 TQ with only headers and short ram intake. back under the knife for a BPT swap.
      New Daily stock 1.6L 1999 Mazda Protege LX

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        #4
        CASC? I saw the pics of it, didn't know what he wanted for it, but I think $2000 is far too much for it. Needs a bunch of work.
        Cars Suck...

        Comment


          #5
          Hey Joe, ya it's that one. I'm the guy who e mailed seeing if you wanted to go in cahoots instead of bidding eachother out.

          Ya the guy selling it e mailed me saying he has had multiple offers over $2000 (I think thats bull, but he's getting something around there if thats what he's telling people)
          sigpic
          The Beater and the Race Car....guess which is which!
          Little boys play in the street, real men play in the dirt"

          Comment


            #6
            Thats crazy...

            Oh btw, my build thread I was telling you about is in this forum couple threads below I think
            Cars Suck...

            Comment


              #7
              Get used to it... You'll see it all the time. GTX's have bloated prices on occasion.

              1988 White GTX - #1 parts
              1988 Black GTX - #2 reliably broken touge monstar (294,000 miles no rebuilds) - dead
              1988 Blue GTX - #3 in progress (view here)
              1988 Blue GTX - #4 BPT swapped weekend warrior.
              1988 White GTX - #5 Rally car

              Comment


                #8
                back in febuary of this year i paid $3000 for mine and then paid another $900 just to have it shipped from Cali. to Connecticut. I dont think that i was ripped off one bit, the car had absolutly NO rust and was completly stock with only 85,000 miles, thats gotta be the best way to start a project car
                "See that car, in the 80's that car was deadly." Random man to his son while passing the GTX in a parking lot

                Originally posted by neuspeedescort
                the proper spelling would be "Launchabilitiness" i do believe.
                -88' Mazda 323 GTX, 1.8t, Modified Magazine May 2012
                -88' Mazda 323 GTX, caged and ready for dirt
                -93' Mazda Miata, half caged
                -09' Mercedes C63 AMG
                -87' Toyota Land Cruiser, 33's with slight lift, safari style!

                Comment


                  #9
                  I wouldn't say you got ripped off, but you did pay for what you got. I'm day dreaming right now how nice it would have been to start with a rust free GTX that wasn't modified (mine was full of dynomat).

                  Before I started my car I would have laughed if you told me to pay $4000 for a GTX but now after countless hours of body and metal patching....I would have shelled out the extra $2800 to start with a clean car. Hell I would have paid an extra grand just to start with a car that didn't reek of cat pee!

                  The reason why I'm worried about the prices sky rocketing in my area is I'm trying to buy a original owner GTX with all the HKS goodies in black. He knows the value of the car and I'm worried that I'm going to have to pay upwards of 5 grand for it.

                  But back to the car that for sale, I just found out it's also ripped apart. The engine is out of the car and torn down, needs all new brakes, it doesn't just have "minor floor rust" and it needs a few other misc parts....it looks to be more work than mine. I'm just worried for the new owner because it will take another $4000 just to get the car back on the road.
                  sigpic
                  The Beater and the Race Car....guess which is which!
                  Little boys play in the street, real men play in the dirt"

                  Comment


                    #10
                    I think it's way overpriced. I just got an 88 gtx with a completely redone body and floors (shaved handles and door locks what is not cool, I know), 2 turbos, a gazillion gauges, momo steering wheel, decent brakes but that doesn't run for 400 + 100 towing (500$). The undercarriage is rough but the exterior is a nice gun metal color recently painted. Honnestly, a gtx in pieces is worth at most 500$ due to all the work involved in putting it back together.

                    Comment


                      #11
                      Yeah, I'll knowingly overpay for a GTX that i know the history of.... or that will save me a little work. I paid $2500 for my black gtx.

                      1988 White GTX - #1 parts
                      1988 Black GTX - #2 reliably broken touge monstar (294,000 miles no rebuilds) - dead
                      1988 Blue GTX - #3 in progress (view here)
                      1988 Blue GTX - #4 BPT swapped weekend warrior.
                      1988 White GTX - #5 Rally car

                      Comment

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