I’ve exchanged correspondence with the owner toward the possibility of him finishing the car with original stuff. He told me the engine was a “GM V6”, but we didn’t dwell on that point.
And what is a “decent price” for completely and correctly rebuilt engine, trans, and many related components? I’ve paid as little as $1,500 for an engine core. Trans core? $1,000? That was ten years ago before the cars began to find appreciation in the market.
A thorough engine overhaul (long block only), $6k+. Trans? $1.5k. Carburetors? Depends upon shaft wear, butterfly condition, and corrosion. I’ve seen quotes at $3k. Radiator, rear cross brace, generator, starter, restored shift lever..... the items really add up, and nothing is cheap.
The seller (very pleasant fellow) seemed to say that he thought he should be able to buy a donor car for $6k - $10k. We must assume he meant a car with all of the yet-to-be-rebuilt drivetrain parts. He had spent years looking with no luck.
A couple of years ago I helped a young man sell a rusty but complete project. On the cusp of parts-only or restorable. Successful auction brought $40K. That was probably at the peak of the now softened boom, but suggests a complete “donor car” is probably forever well above $6-$10k.
I suggested to the owner That a realistic price for the ready-to-use parts to complete his car wouldn’t be less than $10k and more likely $20k. Quite possibly more than that.
So, what’s a “decent” price? One that is decent to both buyer and seller, or one requiring a foolish seller?
As the current owner noted, he spent years looking within a price range. The car sits, undriven.