Author Topic: 1978 Gold Special Edition Project for 1200... What do you think??  (Read 1047 times)

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Offline rawkroller

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Ok my friend owns a auto salvage business and restores cars on the side and also races so he generally knows his stuff. He has a 78 Gold Special Edition that needs plenty of resto but is all there and runs and drives for $1200.

I am thinking about grabbing it but I need to get your opinions cause it'll be a long and expensive road but in the end I think it would be less then buying a restored one.

It needs the body stripped, patched up and painted, a entire interior, new hurst t tops (which I imagine is a hard find), I'd probably yank the motor and tranny to be rebuilt or at least freshened up, the frame and floors are good so I think a frame on resto rather then frame off and I am sure plenty of other things will need to be done...

What do you think 10 - 12k all said and done or am I dreaming? It doesnt need to be a concourse perfect car but a nice presentable driver..
It should be a 20k car with a frame on resto correct?
I am heading up there saturday i will take a bunch of pics..
I am nervous about a big resto especially since I drove my 80 home for 5k...
1979 TATA 6.6 Litre
1979 Trans AM SE Y84 6.6. Litre

Offline LOMILETA

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #1 on: December 13, 2010, 06:20:00 PM »
Not a gold Se car with Hurst T-Tops
1978 TA-462 ci Buick (just sold)
1980 Turbo Formula
1995 Grand Prix
2002 TA convertible

Offline pointman

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #2 on: December 13, 2010, 06:31:38 PM »
#1-Check the VIN, run a PHS on it! Like Russ said, only Fisher T-Tops were used on 1978 Gold SE cars, anything but-it's not an SE car period! I bought my 78 Gold SE for $1900.00 in 2005, be prepared to spend money and time on a restoration, most of all, do not get impatient. Good Luck!
Gerrit VK

78 Gold SE Y88 400 auto
79 Black 403 auto
86 Fiero SE V6
07 H3 Hummer
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Offline rawkroller

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #3 on: December 13, 2010, 07:02:48 PM »
Well you guys just made up my mind. I was researching it too and realized it shouldn't have the hurst tops. I am now thinking it must just be a solar gold 77. Still a nice car but I am not sure about a lengthy expensive resto!
1979 TATA 6.6 Litre
1979 Trans AM SE Y84 6.6. Litre

Offline brian c

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    • Y88 Resto
Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #4 on: December 13, 2010, 07:59:26 PM »
You were thinking 10-12k to get a basket case on the road??? Umm IF I had paid regular prices, that would be the paint job alone on my Y88. And I needed the following patched:

Floors - front and rear
Driver's quarter replaced
Passenger's quarter re-welded - yahoo shop before thought tacking it on was OK
Rear window channel repair
Dash corner repair
Frame straightened - was in a collision that wasn't disclosed on purchase
Frame mount repaired - see frame straightened
All weatherstripping

And that's not even touching any of the mechanical stuff - engine, tranny, rear axle, suspension - both springs and shocks, etc.

As for resale price....about 2-3 years ago you probably could have gotten 20k for it. Now, guys are having a very hard time getting their money out of a car due to the downturn in the economy. Prices have fallen dramatically.

1978 Y88, '70 455 HO block bored 0.060, TH350, 3.42:1 gears...Oct '08 Fbodywarehouse Calendar - Woot!
1980 Firebird - no engine/tranny... to be pacecar clone

Offline ta78w72

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #5 on: December 13, 2010, 09:32:59 PM »
I'm with Brian on this.  It's expensive to restore a car.  You don't do it expecting to make money, at least I don't.  My Y88 is still at Mondello getting an engine and transmission rebuild.  Then it needs a minor floor pan fix.  Off to paint.  Then interior.  My guess is I'll have close to $20K in it when I'm done.  No way I'll make money on this POS.  I'm doing it because I like the car.  Besides, everyone needs at least two Trans Am's....a Y88 and a black four speed.  They look nice together.

Offline y88rick

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #6 on: December 13, 2010, 10:33:27 PM »
i did my former y82 100%myself and im still feeling the ouch on my back side for the loss i took on that car when i sold it. if your restoring a car to make profit, your really not "restoring it" your most likely only repainting it.
Too many birds, not enough food.

Offline hada76

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #7 on: December 14, 2010, 12:23:52 AM »
I am thinking about grabbing it but I need to get your opinions cause it'll be a long and expensive road but in the end I think it would be less then buying a restored one.

many have thought that...rarely true

'76 T/A 455 4sp   sold
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jeff

Offline 4SPEED

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #8 on: December 14, 2010, 04:46:47 AM »
if your restoring a car to make profit, your really not "restoring it" your most likely only repainting it.

your so true,  I dont know how many (( restored )) cars I've looked at , and find that it just a paint job.  and most not a very good one.
77 W72 TransAM  (SOLD)
79 TransAM 4SPEED

Offline rawkroller

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #9 on: December 14, 2010, 05:33:27 AM »
Believe me I know there is no money in fixing up cars! I wanted it for myself as I love the Gold Se's which its not so I will keep searching..

Why we all need more then one T/A is a mystery to me? I have a Chevelle I love as much as my T/A and I am not looking for another one of those....
1979 TATA 6.6 Litre
1979 Trans AM SE Y84 6.6. Litre

Offline y88rick

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #10 on: December 14, 2010, 06:25:19 PM »
something to be said about a t/a i suppose.
Too many birds, not enough food.

Offline ta78w72

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Re: 1978 Gold Special Edition Project for 1200... What do you think??
« Reply #11 on: December 14, 2010, 07:45:48 PM »
I was joking about having two Trans Am's.....I have three ;D

I really don't need any.  But, I agree with you...the Chevelle is a great, great car.  I would love to have one.  I'd like a 67 GTO too.  Or, a 67 corvette.  They're all great cars.