Good Price for GT #2

95stroker · May 26th, 2009, 10:56 AM

I know there was just a thread on this, but I didn't want to hi-jack his and ask my same question...

I've got a buddy with a 94 GT - cloth, supposedly all-round good shape. The car has just over 200k on it, but has had the engine rebuilt just recently and a new auto tranny put in. I believe he said its lowered, and it has 18 inch rims on brand new tires last year. The kicker is that he said it has a little electrical gremlin that one day, the windows won't roll down, and the next day the radio won't work. I told him I'd give 1000-1500...am I off on that with all the money he has invested in it? I'm basically looking to buy the car to clean up and turn around to sell for a profit - we both win because he doesn't want the car at all anymore, and I just want to make a quick buck.

Thanks for any input guys.

95BlackStang · May 26th, 2009, 11:56 AM

what did he say about your offer?

95stroker · May 26th, 2009, 12:23 PM

No answer...didn't say yes, but didn't say no.

snakebite8 · May 26th, 2009, 10:33 PM

watch out for electrical gremlin, i have seen alot of money to fix electrical problems... i sold my 99 wrangler sahara with only 60k, because i couldn't, jeep couldnt, no couldnt figure out how to fix the problem. sucks i got it just the way i wanted it to. lifted, custom paint on the outside and inside. all types of money put in it just to sell it.

96gtponyred · May 26th, 2009, 11:21 PM

yeah man that doesnt sound like something for your pan your not gonna make any money if you wanna pick it up and fix it yourself and have fun with it i see that but no matter what you do to it it is still a 94 with 200k miles

WildWill · May 26th, 2009, 11:22 PM

I think if you can pick it up for $1500 that would be a real steal... but if the fresh rebuild really is good quality, then I would be tempted to go up a little more. $2000 would be good, then if you can figure out the electrical problem and clean it up really nice, you could probably sell it for $3000 and make a decent profit! Good luck!

95stroker · May 27th, 2009, 12:17 PM

Ya, thats kinda what I thought about $1500 - I mean, I understand its a high mileage car, but with everything rebuilt like that, it'd probably be pretty easy for some kid to convince his dad it's a good car to shell out some cash for.

Plus, he actually is taking it to a dealership to see if they can't figure out what is going on with the electrical. I'm in no way trying to by this car for myself, just wanting to buy it, put a little work into it/clean it up so it looks money, and turn a profit.

Lind · May 28th, 2009, 01:42 AM

flip this car

TKOTLARZ · May 28th, 2009, 09:19 PM

i dont think id go over 1500..specially in these times...u can find stuff really cheap

95stroker · May 28th, 2009, 09:34 PM

Ok guys - I went and looked at it and have some more details. Right at 200k, one pancake sized dent in the quarter panel, and a rock chipped hood, along with the torn drivers seat. Otherwise, its not too bad cosmetically aside from needing a good cleaning. It has some rusty chrome 18's on it, the tires are brand new though.

Now, for the bad. He had a new alternator put in, and after that the car is just always dead after he turns it off. I put a jump box on it, and it fired right up. However, after letting it idle for 10 minutes, the car didn't attempt to turn over. I know the car running isn't designed to charge the battery...so maybe the battery is just toast too? But, the radio won't work either - it turns on, but no sound out of the speakers. Also, the window won't roll down unless you tap the button like crazy. It goes up fine though. Is the new alternator that was put in just bad?

The car also has flows, a 'monster tach' and headers....along with cold air. Something that would be really appealing to a kid. I think I possibly have him talked down to $750 cash - any ideas on these electricals? I think I'm gonna take the car home if you guys think I can get that stuff figured out. I'll clean it, and put for sale signs in it the next day.

TKOTLARZ · May 28th, 2009, 10:11 PM

that stuff doesnt seem to serious..

95stroker · May 29th, 2009, 12:18 AM

But what, do you think? He said the electrical problems didn't start until he got it back from getting the alternator in - it didn't do it before. Also, the serp belt seemed kinda loose, like the tensioner wasn't tightening it enough.

95stroker · June 2nd, 2009, 12:28 AM

Well, I did it. The sick thing? I brought the car home for $700!

Looks like the serp belt is too long with the underdrive pullies, and it also has a bunch of fuses that aren't getting any power. Gonna sit down with a wiring diagram and go from there, but its time to flip this sucker and make a few bucks on it.

Traidmarx · June 2nd, 2009, 12:43 AM

i'll give you 400 for the motor lol

RCRacer94GT · June 2nd, 2009, 01:41 AM

I'll give you a grand for it. Just give me a month and I'll get you that grand. You make $300 from just buying the car. and if you give me 3 months I'll give you double what you paid for it.

95stroker · June 15th, 2009, 11:22 AM

Car sold on Friday - I didn't even have it two weeks!

I had put about $200 more in the car, and had multiple hours of detail work into it since it was so filthy. As faded as the paint was, it buffed out amazingly well. Got it sold for $2500!

This is what it looked like before any cleaning:

This is what it cleaned up to look like:

The interior and engine bay were equally impressive. There was a helluva lot of car under all those years of mistreatment.

Bullitt95 · June 15th, 2009, 01:28 PM

Mmmm. I think I'll buy a second Mustang and do the same. Props to you on a job well done.

WildWill · June 15th, 2009, 01:52 PM

Congrats man!!!!!!! That's an awesome job!!!! It's amazing what a little elbow grease will get you! Incredible job! And it sounds like somebody got a pretty good car for $2500!

95stroker · June 16th, 2009, 02:51 PM

Originally Posted by WildWill

Congrats man!!!!!!! That's an awesome job!!!! It's amazing what a little elbow grease will get you! Incredible job! And it sounds like somebody got a pretty good car for $2500!

Thanks man! It definitely took a LOT of elbow grease, but its amazing what a car can shine back up to if you want to put the time into it. The car was by no means perfect, but for $2500 and 200,000 miles, the guy couldn't expect a Ferrari! Either way, I'm pretty sure he's happy, and I've got a little extra change in my pocket...and last I checked, that makes ME pretty damn happy!

Lind · June 16th, 2009, 04:10 PM

what did you use to buff it? big as grinder with a buffer wheel? and what polish/wax

May 26th, 2009, 10:56 AM	#1
95stroker Regular 1995 Mustang GT Join Date: May 2008 Location: Lincoln, NE Posts: 254 iTrader: 0 reviews	Good Price for GT #2 I know there was just a thread on this, but I didn't want to hi-jack his and ask my same question... I've got a buddy with a 94 GT - cloth, supposedly all-round good shape. The car has just over 200k on it, but has had the engine rebuilt just recently and a new auto tranny put in. I believe he said its lowered, and it has 18 inch rims on brand new tires last year. The kicker is that he said it has a little electrical gremlin that one day, the windows won't roll down, and the next day the radio won't work. I told him I'd give 1000-1500...am I off on that with all the money he has invested in it? I'm basically looking to buy the car to clean up and turn around to sell for a profit - we both win because he doesn't want the car at all anymore, and I just want to make a quick buck. Thanks for any input guys.

May 26th, 2009, 10:33 PM	#4
snakebite8 Regular 2003 mustang cobra 11.98 Join Date: Apr 2009 Location: nj Posts: 152 iTrader: 0 reviews	watch out for electrical gremlin, i have seen alot of money to fix electrical problems... i sold my 99 wrangler sahara with only 60k, because i couldn't, jeep couldnt, no couldnt figure out how to fix the problem. sucks i got it just the way i wanted it to. lifted, custom paint on the outside and inside. all types of money put in it just to sell it. __________________ have some mustang parts for sale, z3 mustang fenders for 99-04 mustang new still in primer, tv sun visors for 94-04 mustang.

May 26th, 2009, 11:21 PM	#5
96gtponyred Regular 94 cobra Join Date: Jul 2007 Location: MA Posts: 491 iTrader: 0 reviews	yeah man that doesnt sound like something for your pan your not gonna make any money if you wanna pick it up and fix it yourself and have fun with it i see that but no matter what you do to it it is still a 94 with 200k miles __________________ cobra R hood (has a vin#) bassani catback flows welded in jegs O/R H-pipe Jlt CAI Mgw shifter 03 cobra rims 3.73's (on the way!!!)

May 26th, 2009, 11:22 PM	#6
WildWill Hardcore Enthusiast 1995 Mustang GT Join Date: Oct 2007 Location: Solomons, MD Posts: 1,112 iTrader: 0 reviews	I think if you can pick it up for $1500 that would be a real steal... but if the fresh rebuild really is good quality, then I would be tempted to go up a little more. $2000 would be good, then if you can figure out the electrical problem and clean it up really nice, you could probably sell it for $3000 and make a decent profit! Good luck! __________________ GT40p heads, 1.7 crane RR's, GT40 u/l, MAC LTs, MAC o/r h-pipe, Flowmaster 40s, 65mm t/b, '03 Cobra Bilstein Struts, Tokico Bullitt Shocks, MM c/c plates, Eibach Sportlines, B&M shifter, 255lph f/p, RAM p/g clutch, Fidanza alum fly, rebuilt t-5

May 28th, 2009, 01:42 AM	#8
Lind Enthusiast 1994 Ford Mustang GT Join Date: Sep 2006 Location: Shawano, WI Posts: 580 iTrader: 0 reviews	flip this car __________________ www.moddedmustangs.com

May 26th, 2009, 12:23 PM	#3
95stroker Regular 1995 Mustang GT Join Date: May 2008 Location: Lincoln, NE Posts: 254 iTrader: 0 reviews	No answer...didn't say yes, but didn't say no.

May 27th, 2009, 12:17 PM	#7
95stroker Regular 1995 Mustang GT Join Date: May 2008 Location: Lincoln, NE Posts: 254 iTrader: 0 reviews	Ya, thats kinda what I thought about $1500 - I mean, I understand its a high mileage car, but with everything rebuilt like that, it'd probably be pretty easy for some kid to convince his dad it's a good car to shell out some cash for. Plus, he actually is taking it to a dealership to see if they can't figure out what is going on with the electrical. I'm in no way trying to by this car for myself, just wanting to buy it, put a little work into it/clean it up so it looks money, and turn a profit.

May 28th, 2009, 09:19 PM	#9
TKOTLARZ Hardcore Enthusiast 1994 GT Join Date: Nov 2007 Location: lake worth, Florida Posts: 1,002 iTrader: 0 reviews	i dont think id go over 1500..specially in these times...u can find stuff really cheap __________________ Cohagan Engineering, Inc.

May 28th, 2009, 09:34 PM	#10
95stroker Regular 1995 Mustang GT Join Date: May 2008 Location: Lincoln, NE Posts: 254 iTrader: 0 reviews	Ok guys - I went and looked at it and have some more details. Right at 200k, one pancake sized dent in the quarter panel, and a rock chipped hood, along with the torn drivers seat. Otherwise, its not too bad cosmetically aside from needing a good cleaning. It has some rusty chrome 18's on it, the tires are brand new though. Now, for the bad. He had a new alternator put in, and after that the car is just always dead after he turns it off. I put a jump box on it, and it fired right up. However, after letting it idle for 10 minutes, the car didn't attempt to turn over. I know the car running isn't designed to charge the battery...so maybe the battery is just toast too? But, the radio won't work either - it turns on, but no sound out of the speakers. Also, the window won't roll down unless you tap the button like crazy. It goes up fine though. Is the new alternator that was put in just bad? The car also has flows, a 'monster tach' and headers....along with cold air. Something that would be really appealing to a kid. I think I possibly have him talked down to $750 cash - any ideas on these electricals? I think I'm gonna take the car home if you guys think I can get that stuff figured out. I'll clean it, and put for sale signs in it the next day.

May 28th, 2009, 10:11 PM	#11
TKOTLARZ Hardcore Enthusiast 1994 GT Join Date: Nov 2007 Location: lake worth, Florida Posts: 1,002 iTrader: 0 reviews	that stuff doesnt seem to serious.. __________________ Cohagan Engineering, Inc.

May 29th, 2009, 12:18 AM	#12
95stroker Regular 1995 Mustang GT Join Date: May 2008 Location: Lincoln, NE Posts: 254 iTrader: 0 reviews	But what, do you think? He said the electrical problems didn't start until he got it back from getting the alternator in - it didn't do it before. Also, the serp belt seemed kinda loose, like the tensioner wasn't tightening it enough.

June 2nd, 2009, 12:28 AM	#13
95stroker Regular 1995 Mustang GT Join Date: May 2008 Location: Lincoln, NE Posts: 254 iTrader: 0 reviews	Well, I did it. The sick thing? I brought the car home for $700! Looks like the serp belt is too long with the underdrive pullies, and it also has a bunch of fuses that aren't getting any power. Gonna sit down with a wiring diagram and go from there, but its time to flip this sucker and make a few bucks on it. Last edited by 95stroker; June 2nd, 2009 at 12:36 AM.

June 2nd, 2009, 12:43 AM	#14
Traidmarx Hardcore Enthusiast 1995 Mustang GT SLOWER THAN OLD PEOPLE FUCK..:-( Join Date: Aug 2008 Location: Roanoke,VA Posts: 2,079 iTrader: 0 reviews	i'll give you 400 for the motor lol __________________ 1995 Mustang GT..4.30's,BBK Longtubes, Off Road X-Pipe,Magnaflow Catback,BBK Intake,BBK Underdrive Pulleys Walbro 255lph pump,accel dizzy,MSD Coil,MSD 8.5 Super Conductors,front sway bar removed, more coming soon.

June 2nd, 2009, 01:41 AM	#15
RCRacer94GT Newbie 1994 Mustang GT Join Date: Apr 2009 Location: Omaha, NE Posts: 35 iTrader: 0 reviews	I'll give you a grand for it. Just give me a month and I'll get you that grand. You make $300 from just buying the car. and if you give me 3 months I'll give you double what you paid for it. __________________ 1994 GT AODE, 3.73, shift kit, BBK H PIPE, K&N, Super 44's, MSD: Cap & Rotor, TFI Blaster Coil, & 8.5 Super Conductors, Ford Racing B Springs, KYB GR-2 Struts & Gas-A-Just. Last edited by RCRacer94GT; June 2nd, 2009 at 01:45 AM.

June 15th, 2009, 11:22 AM	#16
95stroker Regular 1995 Mustang GT Join Date: May 2008 Location: Lincoln, NE Posts: 254 iTrader: 0 reviews	Car sold on Friday - I didn't even have it two weeks! I had put about $200 more in the car, and had multiple hours of detail work into it since it was so filthy. As faded as the paint was, it buffed out amazingly well. Got it sold for $2500! This is what it looked like before any cleaning: This is what it cleaned up to look like: The interior and engine bay were equally impressive. There was a helluva lot of car under all those years of mistreatment. Last edited by 95stroker; June 15th, 2009 at 11:26 AM.

June 15th, 2009, 01:28 PM	#17
Bullitt95 Hardcore Enthusiast 1995 Mustang GT auto 13.36 @ 105.0 Join Date: Apr 2007 Location: Al Ain, UAE Posts: 1,391 iTrader: 0 reviews	Mmmm. I think I'll buy a second Mustang and do the same. Props to you on a job well done.

June 15th, 2009, 01:52 PM	#18
WildWill Hardcore Enthusiast 1995 Mustang GT Join Date: Oct 2007 Location: Solomons, MD Posts: 1,112 iTrader: 0 reviews	Congrats man!!!!!!! That's an awesome job!!!! It's amazing what a little elbow grease will get you! Incredible job! And it sounds like somebody got a pretty good car for $2500! __________________ GT40p heads, 1.7 crane RR's, GT40 u/l, MAC LTs, MAC o/r h-pipe, Flowmaster 40s, 65mm t/b, '03 Cobra Bilstein Struts, Tokico Bullitt Shocks, MM c/c plates, Eibach Sportlines, B&M shifter, 255lph f/p, RAM p/g clutch, Fidanza alum fly, rebuilt t-5

June 16th, 2009, 04:10 PM	#20
Lind Enthusiast 1994 Ford Mustang GT Join Date: Sep 2006 Location: Shawano, WI Posts: 580 iTrader: 0 reviews	what did you use to buff it? big as grinder with a buffer wheel? and what polish/wax __________________ www.moddedmustangs.com

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