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OPINIONS NEEDED- looking to buy a car


Mitsurebuilder
Newbie


Galant VR-4 org Post #: 1247571 posted 10/23/19 08:13 PM     Remind Me!  Send Private Message   Edit Post      
Hi all and thanks for reading and posting. I owned a Gvr4 about 7-8 years ago and loved every minute of it. Unfortunately unforeseen medical issues caused me to have to sell it. Well, that has all past and I’m looking to go down the rabbit hole again. I have owned 3 DSM, 1 3000gt, and the galant. I’m not a newbie to the Mitsubishi scene, each car I owned went through full restorations. I always keep my cars near factory condition or made tasteful mods...
Anyway I digress, I’m looking to buy a car local to me that I found for sale via a private party. The gentleman is the third owner of the car that lived most it’s life in Chicago. Sorry up front but no pictures, I’ll describe as best as possible.

The specs of the car.
#458/1000
212,000 miles
Was originally white, repainted silver. Paint work is good quality done by a shop.
Has JDM bumpers, and hood.
Interior is mostly stock minus gauges and a new stereo. Trim and interior is a 6/10. Smells like mouse pee really bad, lots of loose panels, dash on passenger side has about a 10” section that has peeled up and dirty as all getup.
RUST.... there is some cancer on this car guys, to be expected from a midwestern car. Rear rockers under the body kit directly below the sill plates have cancer rust. It doesn’t show too much from outside but you can put your finger threw larger holes on both sides, rust falls off. Front frame rail has about a 1” hole in it, right where it welds to the front “upper” frame section. Front driver floor pan has a 3” hole.
Body repair. The owner told me the car was hit at one point in time in its life, passenger side door. The door was replaced and the panel which holds the door latch was “repaired badly” in his words and I agree. Metal was not used in the repair, I suspect some bondo work from the texture of the panel. Door doesn’t open as smoothly as it should. It’s not horrible but not professional either.
Mechanical:
Fully Built motor/head. Owner can’t give me specifics but it was done at a shop near to me that I know of. He did say it has hks cams 262’s , arp hardware, pistons, rods etc . Turbo is an unknown upgrade. But definitely larger than any stock turbo from any generation Mitsu. Full intercooler set up with GM MAF. Ecm link installed. New injectors, fuel regulator and all supporting mods.
Transmission is supposed to be a jacks transmission, stage 1 or 2. Rebuilt t case and rear diff was just rebuilt. Aluminum drive shaft.
Test drive:
The car has never been tuned with the set up. However he told me all the data of the car was provided to ecm link and the car does drive ok. Some driveabliliy issues, common for the most part. Idle issues, sticking Throttle body, bad shaft seals I suspect . The car pulls very hard, I noticed about 24lbs of boost on the aem mechanical gauge. However it spikes to near 30 or a bit over and I hit fuel cut a couple of times putting the car through its paces. It has a mechanical boost controller. The owner told me I drove it more aggressively then he ever had. On return to the garage after test drive a minor coolant leak was found on the t stat housing and a drip of oil off the drain plug. Not sure where the leak is coming from, just the plug or further up.

Price: asking price was originally $7500.00. We both agreed that to be too high considering the condition of the car, miles , rust. We both decided time was needed to think about price. He was not willing to get on the floor to see the rust I was seeing under the car. He was dressed to go back to work after showing the car so that’s understandable. I did advise him to look with his own eyes so he can come to terms with that aspect of the car and how it will affect the value.
So that leaves us with the question. What’s a FAIR price for this car. I’m not in the business of low balling people and I truly want to make him an informed and reasonable offer. I will leave it to all you forum members to advise me on the value of these cars today. I have been out of the scene for too long to make a completely informed decision. Your thoughts and input on the car are appreciated. If you would like any additional info on the car to help with a valuation let me know and I’ll provide what info I can.
Much appreciated

Posts: 1 | From: Coon rapids, MN | Member Since: 10/23/19 | IP: (68.46.39.200) | Report this post to a Moderator

FlyingEagle Galant VR4.org Moderator
Eager Beaver


Galant VR-4 org Post #: 1247621 posted 10/31/19 04:46 PM     Remind Me!  Send Private Message   Edit Post      
Seems like a fully molested example, that lies under all that lipstick. Previous damage not properly repaired, holes all over the frame which indicates needing immediate and rather extension repair ... smells and conditions ... and he was actively selling this car and thinking he was going to get $7500 USD? I just saw a tastefully restored 1G on FB groups that was posted around that with no known issues ..... so there is nothing in that car other than two bumpers that is worth anything.

$1500 - $2500 is [u]everything[/u] else works, is present and no leaks into the car interior from the outside. By everything, I mean timing belt is confirmed good and recent with related parts and all the proper original items still work under the car ... rear steering, rear bushings, turbo and related gaskets, transfer case recall performed, transmission shifts at proper higher rpms, shifter isn't falling apart, clutch parts are all recent and quality pieces with proper installation and bleeding (new master and slave OEM or AM proper equivalanet), door locks work at all corners (security system/ala etacs is functioning), antenna isn't snapped in the body cavity, etc etc.

You'll be up the creek is you are chasing all this and it makes no sense to buy a car that needs all this, only to have to put 10K into it to get it running properly. You WILL put 10K USD+ plus into it once you add up the professional frame work that is now needed.

Maybe I shouldn't have opened my mouth, but there is the reality with no pics. Also, if all the door lower seams/folds are rotten ... the price of the car just went down and repairs went up again.



C53A 1 of the ~1500


Edited by FlyingEagle (10/31/19 04:49 PM)

Posts: 1614 | From: THE Ottawa | Member Since: 03/05/05 | IP: (24.246.8.42) | Report this post to a Moderator

gvr4ever
Forever Member
347/1000


Galant VR-4 org Post #: 1247623 posted 11/01/19 08:42 AM     Remind Me!  Send Private Message   Edit Post      
At this point in the game, a low rust or no rust car close to stock is where you want to start.
While mileage isn't always a indicator of the condition of a car, I'd personally want to start with something that had lower miles.



1992 Nile black w/sunroof
15xK miles. 2nd owner since 1998

Posts: 5892 | From: central Indiana | Member Since: 08/06/02 | IP: (142.79.57.1) | Report this post to a Moderator

bobdole
Old member with new to me VR4 and starting over. Respect your elders kids
504/2000


Galant VR-4 org Post #: 1247624 posted 11/01/19 11:51 AM     Remind Me!  Send Private Message   Edit Post      
I have a rust free 92 forsale. Completely stock. Check the
“The cars for sale” section for my ad.



Great deal on BC coilovers. Hit me up.
www.b2autodesigns.com
Email: [email protected]
Youtube: click
Posts: 777 | From: tampa | Member Since: 08/23/07 | IP:
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GSTwithPSI
A hole
820/1000
1837/2000



Galant VR-4 org Post #: 1247625 posted 11/01/19 11:53 AM     Remind Me!  Send Private Message   Edit Post      
Hard pass.

There are too many really nice cars in the 7.5k price range to drop coin on a rusty turd.

You'll probably have to travel for a good deal, as finding something local for most people is difficult. But, find a nice base and make the trip. It will be worth it in the end.



820/1000
1837/2000
1546/2000-SOLD
1813/2000-SOLD

Posts: 3411 | From: SoCal | Member Since: 01/02/12 | IP:
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GSTwithPSI
A hole
820/1000
1837/2000



Galant VR-4 org Post #: 1247626 posted 11/01/19 11:54 AM     Remind Me!  Send Private Message   Edit Post      
Quoting bobdole:

I have a rust free 92 forsale. Completely stock. Check the
“The cars for sale” section for my ad.




Set me up with a payment plan



820/1000
1837/2000
1546/2000-SOLD
1813/2000-SOLD

Posts: 3411 | From: SoCal | Member Since: 01/02/12 | IP:
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bobdole
Old member with new to me VR4 and starting over. Respect your elders kids
504/2000


Galant VR-4 org Post #: 1247627 posted 11/01/19 03:12 PM     Remind Me!  Send Private Message   Edit Post   
GSTwithPSI Might have too lol



Great deal on BC coilovers. Hit me up.
www.b2autodesigns.com
Email: [email protected]
Youtube: click
Posts: 777 | From: tampa | Member Since: 08/23/07 | IP:
(79.65.110.3) | Report this post to a Moderator


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