Went to look at a ranchero, unsure of value
I've decided that the car I want to get is a 70-71 Ranchero. After looking for a few weeks it's come to my attention there isn't much out there in my price range that's the right condition for me. I'm looking to spend around 4-6K for a running driving (mechanically sound) and cosmetically decent one.
I found one for sale fairly locally, It's a 1970, originally a 351 car but it's got a 302, 2 barrel truck motor (seems to run excellently), and an FMX trans (seems to shift well). Can't remember the year of either motor or trans that he told me. Has a 9" LSD rear. The motor is a tiny bit wet on the bottom, but not obviously dripping. It has a small power steering leak (possibly the cause of wetness), and the brake master cylinder is in need of being replaced (per owner). The brakes do grab hard, just need to pump the pedal 2-3 times to get full braking power.
There is some rust on the rear quarters as I expected, but he also has a set of good rear quarters (among other parts) I will try to get with the car. The floor pans seem to be very solid. I looked under the body and didn't see any holes, but the interior under the carpet where I can see has a decent amount of surface rust. Every single piece of trim and chrome I can seem to find is on there. There is small 1 dent in the drivers door, and there are chips in the paint on both rear quarter panels, and one on the hood. It is a Ranchero 500 with a GT hood. The window seals don't quite match up perfectly but seem like they could be adjusted to be right. The door hinge bushings need replaced on the drivers side. The grille is broken on the top, but this seems to be a common issue.
The interior is in very acceptable shape. Clean carpet, clean seats save for 1 small rip. All the trim and what not seems to be there. All the switches work, all the lights seem to work except the dash lights blow the fuse.
So anyways, The reason I went through all this detail is because as I said, it has been very difficult finding a vehicle in similar condition and in my price range. He is asking $4,000 and he said he is a little bit flexible but not extremely. I'm not really sure what one of these should be worth and wanted to get the opinion of some people "in the know." It's not a perfect car, but overall seems like a solid starter. I think it seems good for the money, but I'm not an expert.
I'd also like to know what quirks they all have, what areas I should look specifically for in regards to this year, motor, trans, etc. I just flipped an 85 El Camino (I'm not a brand fanboy, Just gotta be American) and got majorly screwed over on the deal because I didn't know what to look for. I don't want to let that happen again.
Thanks in advance for any help you guys can give me. Any advice is appreciated.
Last edited by KG8893; 10-06-2013 at 08:05 PM.