Classic Car Watch
|NOTE: This column displays cars I have found on the Internet. I am not selling them. Please follow the links if you are interest in a car. Be mindful of the date this article was published. For an explanation why I do this read the original column here.|
May 1, 2016
By Scott Lewis
Last month I dropped the bomb that I was looking for a house. Well, I
am close to moving in. And it cost more than expected (of course).
Basically I had to use my down payment for a classic car to get me into
the house. Plus, I am sure I will spend some money personalizing the
house (paint, crown molding, decorations, furniture, lawn mower, etc.).
So, it looks like the classic car is on hold.
But for how long? I will need to save up at least $5,000 for my down payment. I have no idea what my income tax refund will look like come February. I received around $6K this year because I had two kids to deduct. But I made some changes to my withholding status to get a smaller refund but help me with my month to month budget. Then my oldest son said he was "probably" going to move in with his mom when she gets a house. So I tweaked my withholding again so not to screw myself. But now I will have a house as a deduction. And then my son said he was likely staying. So I have no idea what to expect.
Worst case... I wait until the Fall of 2017 when my debt consolidation loan is paid off. That will enable we to save money for a down payment and afford the payment on a nice daily driver as well.
In the mean time... I am going to continue to look at cars here. I am still going to tweak my original budget of $20,000 - $30,000 and look at cars from $18-30K.
This month I am just showing a few cars that are left over from searching... and are still for sale as of this printing. Follow the links if you are interested in them.
I am 100% sure they will all be sold by the time I can scrape a $5-6K down payment together.
1970 Corvette Convertible - $29,900
Description: 350/300 horse power 4-speed. Here's a very hard to find 4 speed Air Convertible. Nice and correct. Beautiful Cortez silver paint and black top cornered with rally wheels. The original black leather interior is in great shape...no rips or tears in the carpet...all gauges work. Solid frame...end caps good. This is a very nice solid car that you can drive or show in preservation class.
Source: Ohio Corvettes and Muscle Cars
Comments: 4 speed and A/C in a Corvette convertible, what more do you need.
1973 Camaro RS - $19,750
Description: Solid rust free So California Camaro runs and drives well. Equipped with a 350 CID V8, 3 speed automatic transmission, front disc brakes this car is straight and complete with new paint, strong engine, attractive aluminum wheels.
Source: Laguna Classics & Automotive Art
Comments: Not the color I would prefer, but seems good enough.
1966 Ford Mustang - $25,000
Description: Engine C code 289, C-4 Automatic, Orange with Black Pony Interior, Power Steering, Power Front Disk Brakes, 205/60R15 Tires, 15" Magnum Wheels, Air Condition, AM/FM Radio.
Source: Rob Steinert Classic Car Network
Comments: I like it. It has all of what I need... except it is an automatic.
1970 Firebird Formula - $25,900
Description: 400ci 330hp V8 Documented with just 26,700 Actual Miles.
Source: WeBe Autos
Comments: I have been watching this car for a couple of months and I have seen the price bounce around between $25,900 and $29,900. I like it at $25,900.
1967 Chevrolet Impala SS - $27,995
Description: Real SS, 327 engine, with Edelbrock intake and carb, power steering and power brakes, TH350 automatic, 12 bolt rear, bucket seats with console.
Source: Streetside Classics
Comments: The same Blue on Blue as my old Camaro. Just a tick over budget for a Non-A/C car. This car would need to be 2 things at this price: 1) #s matching car, and 2) an original 4-barrel car (275 hp). That would justify the price without the A/C.