See an update on this car with a more recent post here: http://germancarsforsaleblog.com/1984-vw-callaway-gti/
When looking at cars, and I spend more than my fair share of time doing this very thing. I judge value by internally assigning a grade to the exterior, interior, and mechanical state of the vehicle in question. Sure there are other factors but these are the three I generally focus on. Anything in the B+ range seems like a “good” car. If not, it best be priced in such a way to let the buyer address whatever faults there may be.
So what to do with this?
1984 GTI with Callaway build – A
Pristine interior with all sorts of NOS parts – A
Body riddled with rust and poor paint – D+
You be the judge.
From the seller –
**New T-Belt & Water pump w/all accessories installed today( peace of mind)
**Add’l Pics Taken** 02-04-2012 4pm
New Pics: Today..
Org Miles @ build start date 2/10/1996 date: 112,192
Miles current as of today : 113,638.. you do the math!
Project started in 1996,
Engine + trans completed
Bala2012nced Blueprinted + built by Collin @ TT
Stage two port + polish head job
int shift bearings set
piston set 81.5 G-60 Corrado
Bored + Hone block
Modi 8v Intake
Mani Pork + Polish + flowed
Aps 272 cam
Callaway turbo stage II ( last new pipes for ND ) Non AC
Jet hot coating 2000-4100 header pipe / Turbo housing 1300-2000
Water cooled conver.
Trans wide ratio 2nd 3rd 4th 5th
3.94 / .75 5th
And much more….
Road tested for 846 miles and counting as of November 2011… all receipts avail.”
Kudos to the seller, click through the link and you will see that he is showing the good, bad, and ugly of his car. The question becomes, can you handle the ugly?
In my mind there are two ways you can go with this. One would be too fix all that ails this GTI and you would have a wonderful car. It may be expensive but you would know that the work was done the right way. The other would be to take this car and use every last piece as a donor for a roller GTI that is solid. It would seem a shame as that would basically turn this car into a vessel to transport all this fine euro goodness but in the end it may be more cost effective if you already have a spare rust free GTI laying around.
Either way, this car is an impressive collection of rare and obscure parts. I am also quite certain that given the build it is about as quick a MKI GTI as you will find. I am not sure if $9.6k is too high a price to pay but you would be hard pressed to find some of these parts cobbled together on a car anywhere.