Bought this car as a investment, good or bad idea?

**GTO** · 09-07-2011

I just bought a 2000 Pontiac Grand Prix GTP Daytona. Its in really good shape for being 11 years old. It has 33 000 miles, and it still looks new inside. Previous owner was a senior citizen who loved this car and drove it real nice and easy. Very well taken care of, and I am the second owner. I was given a chance to buy it for 5 k, before someone else was going to buy it. So I kinda just jumped head first at it. I want to make money off it, as for I have no job at the moment so I buy and sell things haha. I would be happy if I made 2000 and someone paid 7k. Is this a good price for the car?

Sorry, no pictures at the moment . But I am honestly saying the car is in great shape!

**Explicit_Spade** · 09-07-2011

No car is a good "investment".

**KeithGTP03** · 09-07-2011

Originally Posted by Explicit_Spade

No car is a good "investment".

↑↑↑ Precisely.....but you should be able to flip this car. Especially with such low mileage. You should definitely be able to get 7g's +

**SDGTP99** · 09-08-2011

Originally Posted by Explicit_Spade

No car is a good "investment".

Thats not always true. There are exceptions. Didn't an old junky Bugatti recently get pulled out of a lake somewhere in the UK & get sold for a couple million?

Just keep the Daytona. Seems like you got a good buy but I doubt you'd be able to turn around & make profit off of it. It's just a Grand Prix.

Do the normal maintenance on it & keep it for yourself.

**txslow6** · 09-10-2011

Originally Posted by SDGTP99

Thats not always true. There are exceptions. Didn't an old junky Bugatti recently get pulled out of a lake somewhere in the UK & get sold for a couple million?

Ah that was a bugatti this is a Grand Prix. There's a huge difference. Bugatti's are collectors or people are willing to spendthe coin to get one. He bought a Grand Prix

No Grand Prix will ever be an investment. You can polish a turd as much as you want it's still a turd. My advice to the OP is flip it now as in put it on craigslist, eBay, etc. today.

**chevyy1212** · 09-10-2011

Originally Posted by txslow6

Ah that was a bugatti this is a Grand Prix. There's a huge difference. Bugatti's are collectors or people are willing to spendthe coin to get one. He bought a Grand Prix

No Grand Prix will ever be an investment. You can polish a turd as much as you want it's still a turd. My advice to the OP is flip it now as in put it on craigslist, eBay, etc. today.

A daytona with 33,000 miles in good condition is by no means a turd to people who love this platform. Yes its a Grand Prix but he got it at a good price with room to make cash. How do you think car dealers stay up. Getting cars at a good deal and then selling them no different here. by the sounds of things he by no means has a turd

**txslow6** · 09-10-2011

Originally Posted by chevyy1212

A daytona with 33,000 miles in good condition is by no means a turd to people who love this platform. Yes its a Grand Prix but he got it at a good price with room to make cash. How do you think car dealers stay up. Getting cars at a good deal and then selling them no different here. by the sounds of things he by no means has a turd

There's always an idiot out there who will pay $7,000+ for a car that is 11 years old and will need parts replaced. It doesn't matter how low of miles it has on it. Age plays a role in having to replace mechanical parts too. My phrase polishing a turd had more to do with it still being a Grand Prix no matter how many special names you throw at.

**nawarkk** · 09-07-2011

I remember someone paying close to $10 grand for a Daytona that was well kept at a dealer..

I don't think I could do that.. You could maybe get $6 grand.. $7 if you're lucky.

**redlinepontiac** · 09-07-2011

these cars wont be a investment. ever.

a 1969 ZL1 camaro would be a investment kind of car, i dont see our Fwd sporty POSs being worth much more in the future then what theyre worth today.

on the other hand congrads you have a mint car, shouldnt be hard to sell just not for 9k. gl

**GTO** · 09-07-2011

I jumped at it because of what Iv seen and I thought I could make money off of 5 grand. I still think I can, regardless of what my family members are telling me. I know cars are not good investments, but there are exceptions to every rule. I am not going to put more then 10 miles on it, and putting no money into it other then a car washes and a little gas. My goal is to get 7000 for it. I thought it was possible, but I wanted to ask what you guys thought. Because I have never owned a Pontiac before. I drive a Infiniti.

BTW thanks for the quick replies !

**JarenSTi** · 09-08-2011

you could put it up for 10-11k and get 8-9k for it.

**twol8uluz** · 09-08-2011

Lol, yeah I think u can get that for it......im a moron and paid that much for mine with about 120k on it..and NOT in perfect shape. So im sure there's more out there! Lmao. That was actually the average price for them around here so I thought it was a decent deal........until I came on here and realized I've been raped.......HARD. fml

**Lsick7** · 09-08-2011

To be honest with 33k miles I'd probably pay 6-7k for it. It would be a super nice dd that you could drive for a long time.

**GreyGhost** · 09-08-2011

Did you do a history check on it? What's the VIN?

**Dboy23** · 09-08-2011

Guys I think by investment he meant he could sell it for a profit, and I'm sure you could.

**GTO** · 09-08-2011

Originally Posted by Dboy23

Guys I think by investment he meant he could sell it for a profit, and I'm sure you could.

BINGO! I got time to hold on to it for a bit until I get what I want. I am going to post on my add 8000 OBO and Id be happy with 7000 and i might even settle as low as 6500.

**darkhorizon** · 09-08-2011

good car to flip, just dont hold onto it forever.

**tcman49** · 09-08-2011

You can make some money on it but were not going to get rich. Also depends how much time and work you put into it.

If there is one thing I have learned through the years is that my time is way more valuable to me than my money.

**chevyy1212** · 09-08-2011

I had a buddy with a daytona with over 100,000 miles get a little over 6. You will do just fine just do your reasearch on the car and the edition and then when someone comes to buy it you will know your stuff on it. Poof profit

**RamairGTP2** · 09-08-2011

I paid 5500 for my 01 GTP. Its only got 76,000 on it and it is spotless, no rust,no dents,no scratches etc. The car is valued at roughly 7300 online nada or blue book. I think you could get between 7-9 K for the daytona to the right person.