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GTO values & anything else GTO related
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Comments
That GTO on auction is right on the money. The guy should let it go for that if the price doesn't go higher. That is a very fair bid. This presumes an outstanding but not 100 point show car.
I predicted $27,000 would take it. Guess we won't know now.
This is the 3rd GTO in about a month this dealer has listed on eBay in which his reserve wasn't met. Talk about a tough sell! (or tough buy - depending on which side of the table you're sitting)
These recent eBay non-sales are depressing. My piggy bank won't hold the number of pennies it apparently takes to drive one of these beauties home. :-(
http://cgi.ebay.com/ebaymotors/aw-cgi/eBayISAPI.dll?ViewItem&item=601621822&r=0&t=0&showTutorial=0&ed=1013112079&indexURL=0&rd=1
I emailed the guy, and we both agreed on $900.00. I went to pick it up in West VA (about 160 miles away). It was at a dealership lot, and I found a sticker in it under the seat that had "$1650" written on it. Just goes to show that asking prices can be all over the map!
Does anyone own a '66-67 GTO? Would appreciate hearing what it's like to live with this car. How well does it drive? How well do all of the pieces and parts work together?
The '66 was a fairly low mile car, two speed AT (not a Powerglide) and base 389/335. Power steering and brakes, very easy to drive and not very involving. Pinged like heck compared to the later goats I owned, I think because of the older cylinder head design.
My favorite '67 was the HO with 360 hp. Manual quick ratio steering (20:1), manual 9" drum brakes, four speed. Not exactly a sportscar and kind of a handful around town but really communicated and actually handled pretty well, must have had the HD suspension. Very involving car, quick even with 100k (high 14s at around 95 mph), what I and a lot of other people think of as the essence of GTO-ness (Shifty is spitting coffee through his nose right now).
The other '67 was a very nice cruiser, similar to the '66 but felt more refined even though it had twice the miles. Much better engine (400/335) and transmission (THM 400). Even the interior seemed a little nicer, but the car had been maintained better than the '66 so that might be part of it. Didn't seem all that quick but I also got a ride in a '67 convertible with a strong 428 that also seemed a little sluggish so maybe the automatic steals more hp than I thought. The 180k on my '67 might also have had something to do with it but the engine was still quiet and tight thanks to Marvel Mystery Oil ;-).
I've looked for '67 GTO convertibles that would be comparable to yours and one's worth having seem to be in the $20K+ range which is way more than I want to spend. So yes, I'd say you made a wise investment back in 1984.
You didn't indicate if your GTO has a tilt steering column (I believe '67 was the first year it was offered on a GTO) so I'm assuming it doesn't. That said, I'd be curious to know how comfortable it is behind the steering wheel - particularly since seat movement is limited strictly to fore and aft adjustment. I'd also be interested to know how comfy the front buckets are.
Hope to hear more of your comments soon. Keep'em coming!
My '67 had tilt, not an option with manual steering but someone had installed it. Made all the difference with manual steering since I could position the steering wheel lower to get better leverage. The power steering is so effortless I can't imagine it makes that much difference.
I'm looking for a car to drive occasionally and not a 'trailer queen' but want a very well restored, documented, #2 (by your definition)car.
Fortunately, I can afford what I'm looking for but I don't want to throw money away on an overpriced, overvalued car that a dealer or private seller is misrepresenting.
I have owned a Ford muscle car (1970 Ford Torino Cobra/429) previously and did a considerable amount of mechanical and engine work on the car myself, so I don't consider myself a total neophyte. I also did a lot of research on that car after I bought it that came in handy with restoration and being knowledgable when dealing with potential buyers.
I have always been fond of '66/'67 GTO's but the relatively small amount of personal knowledge I have puts me at a distinct disadvantage in dealing with sellers of cars in this price range.
I'm willing to pay a fair price for the car I want but would feel more comfortable having a reputable appraiser objectively evaluate the car.
I'm sure I can find an appraiser in my area (Atlanta) by looking in Hemmings or a similar publication. But in your post #52 you cautioned that some are good and some are 'knuckleheads'. How do you tell the difference? Should they have some sort of credentials? Lastly, what is the going rate for an appraisal these days?
Any advice would be greatly appreciated.
Buying a car like this successfully is usually a team effort between you, the appraiser and the seller. You do your homework, the appraiser does his job, and the seller provides all the accurate documentation to support his claims.
Bottom line, if you don't see factory documentation, original papers, build sheets, body tags, warranty plates, etc., you will never know if you have the real thing and neither will an appraiser.
I never guarantee authenticity when I appraise cars like this, because it is so easy to fake them.
Do you recommend a particular price guide book over others? Previously I have bought several and averaged each grade/rating as a rough guide to what I was looking for. As I mentioned, condition is more important to me than other aspects as I plan to enjoy the car by driving it.
That being said, aside from the factory build sheet, what would you consider the most reliable piece of written documentation to have with regard to the cars authenticity? Is the PHS documentation considered genuine in the absence of other documents?
I plan to contact the local GTOAA chapter to see if I can get the name of a local appraiser to assist me. Also, the Fraser-Dante dealership is relatively close to where I live and they have three '66 & '67 GTO's advertised in traderonline and their website now that I can see in their showroom. The silver '67 convertible and the burgundy '67 HO hardtop look nice but their prices seem way out of line with the discussion here considering that neither seems to be a #1 'museum quality' car.
Unlike new cars, older cars need to be evaluated one by one, up front and personal. I would suggest that you pick a price you can live with and then negotiate car by car until you get the car you want at the price you want.
You cannot successfully negotiate unless you can get up and WALK at any time. And to walk successfully you need a budget firmly in place.
The problem with the price guides is that they often do not factor in all the variables of muscle cars. There are so many options, and some are valuable and some mean nothing. It's kind of crazy, the muscle car market. Two identical GTOs, one with buckets and a 4-speed, the other a bench seat automatic, right? And the price differential can be substantial. Kinda nuts, no? The price guides won't show these differences but they are definitely there.
Yeah, Shifty's right, a few seemingly small differences in options can make a huge difference in value. It's all about image and dreams. The rare factory performance options that made 5% of the GTOs the world-beaters everyone thinks every GTO is can really jack up the price. This is pretty arcane stuff. I'd get into it slowly and hang around the club members. Don't take everything they say to the bank, but if you hear the same things time after time then at least you're hearing commonly accepted wisdom and that's largely what determines value, at least among the true believers.
Personally, if I was looking for a GTO driver I wouldn't go for the ultra-rare options. They have nothing to do with the everyday driveability of the car but they certainly do add to the price. I'd look for a clean unmolested original, something that hasn't been "restored" but looks like it might have been treated with some respect.
There seem to be a lot more '66's out there but that seems to make sense because there were more produced. The '67 seems to have several design improvements including available factory disc brakes and an improved engine and TH400 automatic trans. Despite that, I kind of like the idea of having a TriPower and there seems to be plenty out there - a lot more than the '67 HO or RA and for less money. I know that some people add TriPower setups to non-factory equipped cars but the authenticity is easy enough to verify if you're careful. The potential downside is that 3 carbs means 3 times the chance of problems with fuel delivery. I would like to be driving it more than fixing it. Does anybody have much experience with TriPower equipped cars? Are they more trouble than the're worth? I enjoy turning wrenches when necessary but nothing is more frustrating than waiting for a clear day to go cruising and having the car cough, spit and blow smoke like a 90 year old with emphysema!
Any advice, opinions?
Put in a good quality rebuild kit (be sure to dunk the parts in parts cleaner) or have a mechanic do it. Carbs rebuilt in volume tend to vary in quality. I bought a rebuilt Autolite once that had so many vacuum leaks it sounded like a giant vacuum cleaner.
In my experience the only thing that wears out is the throttle shaft and I think that can be bushed. I guess you could tweak a casting by overtightening it. If the car isn't driven much a float needle might stick occasionally but that can usually be fixed with a rap on the carb.
I've got my eye on a couple of cars now & have my technical advisors helping out. Probably will wait till April 15 to see how big a bite Uncle Sam will take out of my car budget first.
'67 was the year they went to Quadra-Jet on the base engine, replacing the Carter AFB that had been around since the mid '50s. The Q-Jet was also used on the optional engines, the 360-hp HO and the Ram Air (now known as the Ram Air I, an ultra-rare option). The Q-Jet is good for over 700 cfm while the old AFB was about 600 or so, so I guess they thought they didn't need Tri-Power anymore. Trips may not flow any more than the Q-Jet but the feeling is that it offers better fuel distribution. Also it looks hairier, which is even more important.
BTW, as far as I know Edelbrock still makes the AFB (under a different name) as part of their Performer package.
As for brakes, yes, the standard 9" drums are a little short of optimal--about from here to Chicago short. Instant and complete fade is available whenever you need it.
MDM1@WESTCHESTERGOV.COM
I think I'd have the radiator inspected. It may need to be flushed or rodded or recored. See if it still has a fan shroud. You might also check the belt that drives the water pump and see if it's tight enough--I think you want about 1/2 inch deflection.
One other thing--unless you're using octance booster it's a fair certainty the engine timing is retarded. That can cause overheating too. Another timing problem would be a bad vacuum advance can.
If you want to replace the fan, the '69 Pontiac manual lists seven different fans with four, five or seven blades, fixed, flex or clutched, five diameters and two pitches. Obviously they fine tuned the fan to the application. Ordinarily I'd say just go to a wrecking yard and look for a GM fan that looks like what you've got, one that's not bent or chipped. My guess is that the mounting pattern is universal for GM cars, at least through the '60s.
What axle ratio do you have? How fast is the engine turning on the freeway? Did you just change something on the engine that would create more heat like, for example, bolt on a 6-71 blower?