Depends on what you want to spend. I learned from a
friend to always do the math when considering buying a
car. I do an extremely thorough examination of the
car and add up what it will likely cost to do any
paint & body repairs, interior repairs, known
drivetrain & other mechanical repairs, then add $1000
for the inevitable brake, exhaust, hoses, pumps, and
other surprises that will likely need attention.
I take that total and subtract it from the highest
price I would be willing to pay for the car if it were
a turn-key situation. The result is what I offer the
seller.
Sometimes that result is in line with what he is
asking, sometimes the result is WAY under. On those
occasions I have explained to the seller why I made
such a low offer, and sometimes he sees the reasoning
and made adjustments to the selling price. If he
doesn't, I walk away.
With this method I don't get over my head and buy a
car that costs too much to restore to be worth it in
the end.
Chris H.
60 NY T&C
66 LeBaron
(both bought cheap with this method)
--- Brian Shea <bshea@xxxxxxxxxxxxx> wrote:
> I have a shot at a 66 crown sedan,all black,red
> leather, 66000 miles.There
> is some rust thru on top of the left rear quater
> panel.Other than that it is
> almost mint.What should I offer?
>
>
>
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