As none of you will remember I am looking to retire MY Grand Prix from auto-X and move into CAM-T. CAM is a very soft class in my region, and I just love the idea of flogging a muscle car rather than a miata or some other forgetable sports car.
I've settled on a GM G-body, and I'm looking specifically for an El-Camino or GMC Caballero. The added wheelbase will be a bit of a handicap, but the convenience of having the truck bed will offset that somewhat. That and I owned one once before that I was forced to sell long before I ever got to drive it.
I was looking for a challenge budget project (mods not included), and currently have about $2300 to throw at it. This narrowed my options somewhat. Anything much cheaper than this is usually non-running and anything above this price is too nice to race.
That said I found this:
This is a 1978 El Camino with an '82+ front clip and a metal roll pan. it has a '75-ish truck small block with a perfomer manifold and a turbo 350.
I stopped by and looked at it, and drove it. It starts, stops, shifts, turns left and right. It's a heat only, no-ac car (a huge bonus for me) and it has a tilt wheel. It has no rust.
Here's the bad:
It's exhaust system consisted of downpipes welded onto the cast manifolds and terminating somewhere under the car in super-turbo mufflers that are super-loud and hit on every speed bump. This car will need a complete exhaust system to meet the SCCA's 100db rule.
Electrical issues, the turn signals work... sometimes, the guages don't light up and there are no interior lights. the wiring harness up front was not updated to the '82+ so only two of the four headlamps work. the wiring is chopped together in places.
It's a '78 so it only has lap belts.
Now I live in an apartment and don't have a garage. I can do small repairs in my parking spaces, but large projects must be completed, In one day, in a borrowed garage. I have until May to have a race ready car.
The owner is asking $1750 for this truck. I figure it needs a grand or more in repairs to make it ready to mod.
I'm looking for advice here. should I jump on this and fix what needs fixing? or should I pass and keep saving?
What would you do?