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post #1 of 9 (permalink) Old 09-28-2019 Thread Starter
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Hello all. I live in Ohio and have a chance to purchase a 1965 GT Convertible, with 289 / 4 barrel with air, and a 3 speed manual transmission from a friend. The car is Red with the white top. The owner states that the top has not been up for over 10 years. He purchased it in 1975. He has told me that most of the gauges do not work, the steering wheel is not a ford one, an the drivers door is from a 1968. Overall, its in fair condition, and only gets takin out 1 or 2 times a year, as the current owners are in their 80's. With all this info, he told me to research what the car is worth and give him a price and we can discuss a purchase. I have run the VIN thru Hagerty.com and have their numbers. My big question is how else do I come up with a fair price to offer, and do the nonworking and not original parts play a part in the overall value? I do not want to insult him with a low ball offer, I just want to be fair without breaking the bank. Thank you all for your advice and words of wisdom. It is much appreciated.

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post #2 of 9 (permalink) Old 09-29-2019
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Welcome. "I" would pay a car appraiser to look over the car & tell you what it is worth in it`s current condition.

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post #3 of 9 (permalink) Old 10-08-2019
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Quote:
Originally Posted by Lifsavr View Post
Hello all. I live in Ohio and have a chance to purchase a 1965 GT Convertible, with 289 / 4 barrel with air, and a 3 speed manual transmission from a friend. The car is Red with the white top. The owner states that the top has not been up for over 10 years. He purchased it in 1975. He has told me that most of the gauges do not work, the steering wheel is not a ford one, an the drivers door is from a 1968. Overall, its in fair condition, and only gets takin out 1 or 2 times a year, as the current owners are in their 80's. With all this info, he told me to research what the car is worth and give him a price and we can discuss a purchase. I have run the VIN thru Hagerty.com and have their numbers. My big question is how else do I come up with a fair price to offer, and do the nonworking and not original parts play a part in the overall value? I do not want to insult him with a low ball offer, I just want to be fair without breaking the bank. Thank you all for your advice and words of wisdom. It is much appreciated.
Just curious is this a real GT? Have you decoded the door tag? What is the fifth letter on the vin tag?
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post #4 of 9 (permalink) Old 10-10-2019 Thread Starter
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The 5th letter is an A. V8 289-4v 225hp I am told that the engine that is there is the original engine.
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post #5 of 9 (permalink) Old 10-11-2019
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Is the air a factory unit? A/C in a convertible was not a common option. Even in coupes it was not yet all that common. I know of one A/C convertible that I drove but did not buy almost 40 years ago and everyone considered it unusual at the time because of the A/C. I passed on it and bought the 4-speed, GT convertible without air which is still in my garage.
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post #6 of 9 (permalink) Old 10-11-2019
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The door cannot be off a 68. Without pictures, I'd say around $15-20k depending on overall condition of the paint, interior, and top.

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post #7 of 9 (permalink) Old 3 Weeks Ago Thread Starter
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Here are a few pics. 50100 miles on the car, with the rally package. I think I will offer 18000 unless you guys think I am crazy. Thank again for your help!
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post #8 of 9 (permalink) Old 3 Weeks Ago
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I think $18k is low if its as nice in person as the pictures. However that offer will certainly garner some sort of reaction from him.

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post #9 of 9 (permalink) Old 3 Weeks Ago
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If you call that fair condition you wouldn't make a good used car dealer. They would be calling it excellent. Its even painted the color recommended by used car dealers in the 80s to maximize resale value. As mentioned, the drivers door can't be from a '68 or it wouldn't fit. From a '66 maybe?

Looks fairly original. GT, rally wheels, A/C, pony interior, rally pac, and also an AM/FM radio? Where I grew up there weren't any FM stations to receive in 1965. I think I can even see a power top switch? And for sure it has a day/night mirror. Many, many more options that the average one. The only thing not an option would be the 3-speed manual which I find odd with everything else that is included. Are you sure this one wasn't (over) optioned as part of a 'restoration'?

Where is the non-original equipment or does he mean not originally from the factory? That steering wheel may not be from Ford but, if so, its not a bad repro. If most of it is real and not a rust-bucket with new paint you need to, at least, double your offer. In the grand scheme of things fixing the gauges is trivial.
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