Hey Gents,
On April 8th, 2012, I bought my T-Red SVT Contour from the original owner with the intent to restoring the car to brand new condition.
I took the car to Sarasota Ford, and got the green light except for the A/C ($1,400) and front windows not functioning.The owner was asking $3,200 but I bought the car for $1,700 due to A/C work needed.
The Good: 85,xxx miles, all stock, up-to-date maintenance, and a huge paper trail of receipts for the entire life of the car. I even got the SVT brochure and window sticker. Immaculate interior other than a tear in the driver's seat. Original owner who has been retired for 8 years.
The Bad: $1,400 in A/C work (expected)
- Fading paint
- Small spot of rust
- new power steering pump $722.83
- New high-pressure power steering hose $1,003.00
- New wiring harness ~$2,500
Total Cost (inc. TTT and other expences): ~$7,800
So here I am, paying about $8,000 for my 1998 SVT Contour without even beginning to address the paint, rust, or any other body work. I even been able to do anything to my car aesthetically, aside from my Coast Guard plate. Not to even get me started on the performance part.
The car handles great, and I really enjoy driving it. All in all it is a great car, but not even close to worth $8,000 in my opinion. Yes, I do plan on bringing the car back to brand-new condition, but I have a feeling I will be paying pretty close to the sticker price on the car, which was ~$25,550.
It is difficult to bit the bullet on this car, but if I don't give this car my all, then it will be just another cube of scrap metal in a junk yard somewhere. I have a very high level of respect for limited production American vehicles, as I own a 2009 Buell 1125R, and this 1998 SVT Contour.
It is hard to keep going on this car because I will never see this money due to a diminishing re-sale market on these cars-- same for the Buells. You all know how that feels. Not to mention I am not made of money at 20 years old.
On April 8th, 2012, I bought my T-Red SVT Contour from the original owner with the intent to restoring the car to brand new condition.
I took the car to Sarasota Ford, and got the green light except for the A/C ($1,400) and front windows not functioning.The owner was asking $3,200 but I bought the car for $1,700 due to A/C work needed.
The Good: 85,xxx miles, all stock, up-to-date maintenance, and a huge paper trail of receipts for the entire life of the car. I even got the SVT brochure and window sticker. Immaculate interior other than a tear in the driver's seat. Original owner who has been retired for 8 years.
The Bad: $1,400 in A/C work (expected)
- Fading paint
- Small spot of rust
- new power steering pump $722.83
- New high-pressure power steering hose $1,003.00
- New wiring harness ~$2,500
Total Cost (inc. TTT and other expences): ~$7,800
So here I am, paying about $8,000 for my 1998 SVT Contour without even beginning to address the paint, rust, or any other body work. I even been able to do anything to my car aesthetically, aside from my Coast Guard plate. Not to even get me started on the performance part.
The car handles great, and I really enjoy driving it. All in all it is a great car, but not even close to worth $8,000 in my opinion. Yes, I do plan on bringing the car back to brand-new condition, but I have a feeling I will be paying pretty close to the sticker price on the car, which was ~$25,550.
It is difficult to bit the bullet on this car, but if I don't give this car my all, then it will be just another cube of scrap metal in a junk yard somewhere. I have a very high level of respect for limited production American vehicles, as I own a 2009 Buell 1125R, and this 1998 SVT Contour.
It is hard to keep going on this car because I will never see this money due to a diminishing re-sale market on these cars-- same for the Buells. You all know how that feels. Not to mention I am not made of money at 20 years old.