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Should I get rid of this rare car?
We recently bought a numbered car from out of state, not really knowing much on the history of it, other then the Carfax report.
Friends of ours test drove the car before we bought it and all seemed fine UNTIL we had possession of it.
In a 4 month period we spent over $3000.00 in repairs.
Now, the car went in for a starter which broke away from it's bolts and it was replaced, and now I am told that the motor is shot.
Note: There was no indication of the motor going bad prior to the starter issue.
We really love this car, and now it does not run. These cars in running condition goes for about $19,000.00 according to people that own these cars and Ebay/Craigslist prices.
We bought the car for $8000.00 + the $3000.00 in repairs.
Now I don't know how much it will cost us to repair or replace the motor, but so far I found out a new engine will cost $6000.00 (crate engine)
I cannot find any value of this car through KBB or NADA, and I have no clue on what to ask for in a selling price with it not running.
Keep in mind, these are rare cars.
What would you do? Keep the car and invest more or sell it and take a major loss?
2000 Pontiac Firehawk
A picture of it is on my avatar.
4 Answers
- Dave87gnLv 77 years agoFavorite Answer
You do not put a crate engine in a firehawk...absolutely NO. that will destroy the value of the car the quickest, once you do that you can check the kelly blue book value of a 2000 Firebird because that's what you'll have
Pull the engine and have it rebuilt..Its a firehawk. so its worth it.
- ?Lv 77 years ago
Obviously you'd want to keep this cars original engine to retain its value, although there was nothing really special about the block, as its nothing more than a LS1 massaged by SLP engineering, so short of a cracked block a good engine builder could bring it back to life, and perhaps massage it a bit further, if done by a prominent builder and documented could add to the cars value, Now instead of 330 bhp your looking at substantially more, and that turns heads on the auction block. By slapping a crate engine in it you've effectively turned it into just another dime a dozen Fire Chicken, in which case your guaranteed to lose your @$$ on this car. So now it comes down to do you throw more money at this car in hopes of breaking even or lose your @$$ on it?
- spliffLv 57 years ago
How much money are you prepared to spend to keep it running? If it does need a motor, its not worth spending any more money on it. First, why not take it to a GM dealer and have them go through it to find out exactly what is wrong with it? Otherwise sell and cut your losses.
- 7 years ago
Rebuilding an engine is very expensive, I have spent close to 10k on my engine rebuild, mind you it's a performance small block dodge lol. Keep as many parts as you can, and when you have to replace something find something as close to original as possible. It is worth much more to collectors in original shape.
