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1967 Grand Prix convertible - opinions sought
I phoned the owner's son today (I guess the owner either can't or doesn't want to deal with buyers). Reportedly, the car is in good shape and being owned by a body shop owner the son says the car has been well cared for since he bought it 13 years ago. Thus, he's not the original owner.
The car has PS, PB, auto, A/C, factory 8-track that works (big deal?), console, 8-lug wheels and I believe front disc brakes (an option in '67). The color is maroon (not my favorite color by a long shot) with a cream interior and top.
The 400 cid 4 bbl engine is not original in that its out of a '73 Catalina (is this good or bad?). The engine bay and under carriage are reportedly detailed.
One other thing about the paint. As I mentioned, this gentleman has owned the car for 13 years and he repainted it (presumably did it himself - body shop owner, remember?) from a "totally rust-free body". Therefore, the paint job is not terribly old (at least for a 34 year old car) and hopefully of pretty good quality given it was his own car.
His asking price is $16,500 though the son says there's some flexibility. The owner doesn't NEED to sell the car so he's under no pressure to do so (good for him, bad for me). After checking some price guides in conjunction with my overall sense of mid-60's convertible values, I'm thinking $16,500 is awfully strong. I know '67 was the only year for GP convertibles and Pontiac didn't make a ton of them, but value is also a function of the level of demand and I'm not aware of an overwhelming market demand specific to '67 GP convertibles. If I'm wrong, please let me know.
I'm obviously a long way from parking this car in my driveway and of course the inspection will be a critical next step. However, any inspection would include a test drive and that'll have to wait until Spring when the salt is off the roads. If it looks good, I'll hire a mechanic to go over it (though the owner will probably roll his eyes at this suggestion).
I have my own idea as to what I would offer for this car, but would appreciate any thoughts from the "studio audience" out there. One thing in my favor is that I'm not emotionally attached to this particular car (at least not yet) and I'd have no qualms about taking a walk if the seller wants to hold this car until the right (ie., uninformed with more money than common sense) comes along.
Anybody have any seat time experience driving one of these? Any mechanics out there have any suggestions with regard to problem areas (specific to this model) to watch out for?
Let's hear your cheers and jeers.