Someone I know is selling his '60 Bugeye. Until this weekend I didn't know
he had it, that it was for sale, or that I even wanted it.
Now I've seen it and I want one ... bad!
Problem is this would be my first foray into a "collectible" and there is
much I don't know. For example, how hard is it to get a bank loan on one?
I don't have that much ready cash at hand. Other information is vehicle
specific.
This vehicle was fully restored in '80, but has deteriorated a bit since
then. At that time most of the floor pans were replaced, but the 1 not
replaced is now rusted through in spots. Problem? Minor paint bubbling in
one spot only. Drivable, but tranny locks up in 1st and reverse (this seems
to be most serious problem). Rebuilt master and slave cylinders recently
installed. Appears to have much original equipment including extras
(original rims I think, tonneau, ragtop AND hardtop). Carpeting is gone
(ripped out). Original 948 plus a 2nd 948 for spares.
The gentleman is asking $6500. It sounds a bit high for a deteriorated
renovation, but there are lots of extras and original, so I don't know if it
is fair or not. He may be on this list which could make negotiations based
on replies "interesting".
I need to learn quickly and make a decision soon. The car went into the
newspaper on the weekend.
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Bill Flowers
Clearwater FL
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