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Considering selling the GTO

cmayna

cmayna

DILLIGARA?
Donator
I already contemplated doing this last year but have been dragging my feet on announcing it, nor doing anything about it. Though it is a beautiful car that belonged to my late brother and it was his pride and joy, I can say that the odds of me growing into it will pretty slim if any. I did not restore it. It's simply not me.

At this point, I am not driving the car for each time I get behind the wheel, I am deathly afraid that someone will run into me and I'd die if that happened. Yeah I know, It's just a car. But still....

I have talked to both my sister and my late brother's girlfriend who both agree that if I will never become a GTOaholic that maybe it is time to let it go.

I realize that with today's economy, this is probably the worst time to consider selling it but I can't be sure there will ever be the right time. Also it's not the money. More of constantly think about my brother each time I look at the car. I want to move on.

One of my biggest issues is my nephew who lives just a few blocks from Rick (Fast68back). He wants the car and would sell his 69 Camaro. We have talked about this a couple times now and I have tried to discourage him into being serious about this for I honestly feel that it will be just a matter of time before he will start feeling the same way I currently do about the car. He knows nothing about Pontiacs and I just don't think he will pamper the car the way my brother did or I have been doing.

I feel the only person that this car should go to is a GTO enthusiast. One who has had them before or one who has always wanted one and has some knowledge about them.

I have not mentioned this to anyone else other than who I mentioned above and you guys, except for one local GTO guy who I respect. He wants to talk to me about the car for he claims he might be interested if the price is right.

I dread going through this process.

ChroniclePicC.jpg





 
That would be tough. Can't say I'd sell it but I am not in the situation. Good luck with whatever and if you do sell, keep the tag.
 
Craig,

Makes perfect sense to me.

Make sure a Goat person gets it.

Tough decision to make, but can't argue your reasoning.
 
I sure understand. I would certainly go the enthusiast route also. That car is not a daily driver that's for sure. Just how problematic is NOT selling it to the nephew (I presume he would buy it?) going to be? You ceratinly understand that the one who owns the GTO needs to take care of it like it has been and only a GTO type would do that.

Best to ya bud.
 
I have a buddy in the local club that has a GTO similar to that one. Great cars.

I don't blame you though for wanting to move on, the constant reminder would be tough.

Just make sure to sell it to someone that would take good car of the car.
 
My nephew is my late sister's son. We have never been very close, so I don't feel obligated. The only things we've had in common is his mom and now him having a Camaro. I already warned him to not hate me if I decide to go another route.
 
My advice? Don't sell it to any relative whatsoever (bad mojo no matter what happens). Then, sit on it for another year and see if the market improves.

Yeah, selling it to a true GTOaholic makes sense. That gives you leverage over who you sell it to. Make them prove it to you that they really want the car and not to flip it.
 
Looks like a beautiful car. What's the equipment, etc., if you don't mind me asking? I owned a 65 and 68 new, and my preference was always the GTO over the Mustang. However, I was told it was cheaper to restore a Mustang than a GTO. After going the Mustang restoration route, I seriously question that advice now. But I agree, the time, expense, and knowledge required of an enthusiast would make it hard to do both, even without considering the emotional side. As others have said, take your time to find a good home for this classic.
 
"Midlife" said:
My advice? Don't sell it to any relative whatsoever (bad mojo no matter what happens). Then, sit on it for another year and see if the market improves.

Yeah, selling it to a true GTOaholic makes sense. That gives you leverage over who you sell it to. Make them prove it to you that they really want the car and not to flip it.
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I agree with Randy on this one. You said that it is not about money, just a reminder of your brother. I do remember reading somewhere about your brothers Goat. Maybe a post at the vmf or a post at the vmf linking to another site perhaps. Another suggestion would be to video the GTO. I am sure that you have a million pics of it. Any Videos? Maybe one burnout video, bet that you never thought about doing that in your brothers car. Or just a video of driving it around town. Put it on a DVD. That way you will have the sights and sounds of the GTO but not the smell. Another thing is that if you do sell it to a "GTOaholic" they will take it to car shows. Have him email you when he is showing it, so if you feel like a visit you can. btw sorry with agreeing with Randy, I will try not to let it happen again. :craz fd
 
Craig, you're definitely in a tough situation. I completely understand wanting to move on after your brother's passing.

If I were in your shoes, I'd probably sell it, and I think I'd look for a "true" GTO enthusiast, not your nephew. I'd hate to see your nephew crash it or get tired of it just to turn around and sell it. Also, I'd hate to see someone buy it just to flip it.

You're in for a tough decision, but you'll probably feel better about it when it's all behind you.

Best of luck.
 
There's probably some truth to it Jack regarding the cost when comparing the two cars.

I know if we are talking buying a Mustang verse a GTO, you're going to pay more for a GTO than for a Mustang in comparable shape just judging by the local Craigs List over the last several years.
 
My $.02, If you are completely sure you want to sell it I would price it high enough to keep away flippers, also if money is not reason I would find a charity or cause to donate a part of it to in your brothers name, something that might live on for years, there is a church group near me that restores a old vehicle as a youth project, the leader then chooses a participant that has put in the most time/ effort on it and he or she has the option of buying it for 1 dollar when finished. Boy scouts are always in need of money, school shop class might like some new equipment, etc. etc. Whatever you decide to do don't beat your self up second guessing your decision, your brother left it to you to do with it as you please, not as something to bring up memories whenever you drive it or look at it. If it was not enjoyable I would not keep it. Not everyone has the same burning desires. Choose whatever you want and don't look back.
 
I realize that with today's economy, this is probably the worst time to consider selling it but I can't be sure there will ever be the right time. Also it's not the money. More of constantly think about my brother each time I look at the car. I want to move on.
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Craig,

Don't worry about the current market. Set the price of the car at what you consider to be a fair value and don't budge to any lowball offers. It will sell when the time is right. In the mean time, throw a cover over it and try to forget about it.
 
Well since I came up with the plates I figured I should chime in. Under no circumstance should you sell to your nephew. If it reminds you of your brother and you see the neephew take any less care of the car than you and your brother thought it deserves, it would bother you. Then you have to figure in legal costs after you beat the hell out of the kid. Money is not the object here so sitting on it just to wait for a better market is counterproductive to why your selling it in the first place. Like Dave said, put it up at a price you deem fair and sell it to someone looking for that car. They will pay and treat it accordingly.
 
I like Dave's S.'s advice about setting the price and not budging better than my earlier suggestion of waiting a year.

Dave: you owe me another drink!
 
Craig, I understand where you are coming from. I would hate to see you sell the car. I wish that I had the funds to buy it. I love those things. I wish I had bought the one I was looking at when I bought my second Mustang.

Amber likes them,but wants our next car to be a 67-68 Camaro. I prefer the GTO. There is one that is pretty nice in St. George for sale. He is asking $22000 for it. It is the wrong color for me, Red. Not fond of red cars.

Anyway, I would wait on selling it for now, let the grieving process happen and then just enjoy the memory of your brother via his car. I am sentimental that way. I will not have a shot at my brother's Harley, he just sold it a few weeks ago. Too bad! I would like to have his bike and the memory of him. Even though I don't ride anymore.

You should not sell the car for the right price to anyone, you should get what it is worth if you sell it IMO.

Mel
 
Would it happen to be a 389 with 3-2V set-up and a 4 speed...if it is it is worth a small fortune.
 
After we spoke the other day, I think you already know what to do, and how to go about it. You seemed very sure of your decision. Move forward. Good Luck. Rest assured you'll do the right thing.
 
I remember when you got the Goat you considered selling it then.Sometimes letting it go is the right thing to do.
I agree with Midlife,selling to your nephew can only bring grief. If it were his son I might rethink that but this is not the case.

The right car will always bring right price.
But I believe in this case finding the right home is more important.
It may also open the door for a true enthusiast,who may otherwise not be able to afford it,to get the car of their dreams.

I think you may be doing more interviewing than selling.
You are a good Brother and I am sure will make the right decision

Good luck
 
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