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Fixer Upper GTO: Part 4, the Cost

It is all back together and drives like a dream, love this car!
It is all back together and drives like a dream, love this car!
After a quick rinse of the engine and a repaint of the valve covers the engine bay is much more presentable.
After a quick rinse of the engine and a repaint of the valve covers the engine bay is much more presentable.

This is the last Post on our 2004 Fixer Upper Pontiac GTO. We told you previously about what we started with and some of the issues we encountered. Last time we showed you the final results and this time we are going to go through the total cost involved with our Fixer Upper and whether we went over or under our $10,000 total cost estimate.

Here is the list of what we have spent to date and the cost:

  1. Battery; $112.49
  2. Rear bumper cover, used; $250.00
  3. Two rear taillights, used; $50.00
  4. Two front headlights; $224.00
  5. Hood, used; $547.50
  6. Hood lift supports; $49.90
  7. Upper and lower grill; $86.95
  8. The car came with only one key/remote, we need two;
    1. Cut key = $99.94;
    2. Program Key = $54.57;
    3. Transmitter = $92.19;
    4. Total: $246.70
  9. Light socket for brake light; $42.56
  10. Rubber seal for gas door; $15.45
  11. Pinstripe tape; $24.90
  12. Wiper blades; $39.90
  13. Drive Shaft; $625.00
  14. Exhaust modification: $60.00
  15. Transmission service; $245.57
  16. Oil change, filter, synthetic oil Mobil 1; $82.38
  17. Body and Paint; $2,400.00

Total: $5,193.30

Our original purchase price for this 2004 Pontiac GTO at auction was $3779.00 including fees. That means we got into our little GTO for a total of $8,972.30 far less than our goal of $10,000.

Today, the NADA book value of the car (without a salvage title) is:

Rough: $6,900

Average Trade in: $8,125

Clean Trade in: $9,125

Clean Retail: $11,900

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Richard

I grew up and lived in Iowa for nearly 40 years before moving to Southern California and now live in Tennessee. I have been into cars since I was old enough to remember. I don't have a brand loyalty although I do prefer American Muscle especially the 1969/1970 NASCAR Aero Cars. (Check our our www.TalladegaSpoilerRegistry.com page) As long as it has four wheels on it I get excited. Few men are lucky enough to be able to share their passion for cars with the woman they love. Fortunately, my wife Katriana is also a gear head and many of our activities revolve around the cars. We have a small collection that includes at least one car from each of the Big Three. Katrina prefers all original cars while I like to modify them so we have a few of each. When we aren't playing with cars we are out with our miniature donkeys. You can see more about that part of our lives at http://www.LegendaryFarms.com.

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