Where are you located?
I had a 1985 Cougar XR-7, same engine, no intercooler, less power. It was a fun car, but I'd have trouble spending $23000 on one even if it only had 800 miles on the odometer.
I inherited a 10 year old Crown Victoria that had 15,000 miles on it when my grandmother passed away. I drove it 1500 miles home to Minnesota from Texas, and it creaked and groaned over every bump due to the rubber bushings deteriorating. I did end up replacing the soft lines on the brakes, the suspension bushings (the ones that were greasable were OK for the most part though) and the fuel pump and fuel filter due to the very old gas that didn't go through the tank much wearing out the pump.
All told, it wasn't expensive, as I did the work myself, but it was a free car so I didn't mind so much. If I were to buy what is essentially a new car, at new car pricing, and have to do that work, it'd upset me.
I'm located in Switzerland. Since the seller is a garage owner I expect him to do all that work and hand me over the car in mint condition with the the rubber parts replaced with new ones. We have a very pedantic motor vehicle department which doesn't allow cars in too bad shape on the roads. As I would get it freshly licensed it should be OK from that point of view as well.
Of course the price tag is difficult to discuss. Since the last car like this I saw being sold on ebay (it was also discussed briefly on this forum) was much more pricey, I think the price might be OK IF I get it under conditions mentioned above?
Well if it is your dream car, and you can swing the purchase price, and you have an indoor storage location for it, then I would say try to get it. Those are quite difficult to find without rust issues even here in the US, so I have to imagine that in Europe it would be even harder, and like I said, all the issues that are going to come up are much cheaper and easier to fix than rust repair. Worst case, you could hang onto it for a few years and probably sell it for a profit.
You're right, in about fifteen years that have been watching the T-Bird market here this is the first Turbo Coupe that has appeared so far. I'm not sure if I can ever sell it with a profit, as hardly anyone is interested in cars like that around here. Some people laugh at mit '97 T-Bird already!!
If people are interested here in an american car it must be a V8 as this is rare around here and has power and sound. Some classic car collectors have Americans like Mustangs or Cadillacs from the 60's; the car you see the most on our roads is definitely the new Mustang.
That could be a really cool car, and if well bought, be a decent investment. It should only go up in value.
However, we need pictures!
This the only picture I got so far, I will take some when I'm there to test drive it. The color is not quite my thing (I think a TC must be black) even though it might be cool, it's difficult to judge on a picture.
Yeah, this wasn't a good investment for the original owner. How much did he enjoy having an 3380LB paperweight in his garage?
Will you enjoy the same even if you are getting a "discount" off of what it would have cost new + not storing it for 31 years? I presume that you are going to pay cash for this car since I'm be shocked if someone would be willing to finance this old a car.
Cash yes. I'm also wondering why the original owner never drove it, I will investigate about that and the history of the car in general.
Q: Are there other places you can spend your money?
but I don't have that much, so... But I always intended to buy a classic T-Bird one day (probably when retired) but I was more thinking about a '65 which I like a lot. But a '87 is a special opportunity which might never return again.
PS. Even if this car is kinda of cool for its generation, it will never have the larger audience appeal of the Buick GN or e30 M3. Much as though I wish my S4 would appreciate, the reality is that it's not going to happen.
That doesn't matter to me, the car would be for me and no audience necessary... I would take it out for a drive every other weekend with good weather and enjoy driving it. Saying this, it does feel a bit odd to spend that kind of money for that... I haven't decided yet, I'll have to drive it first, maybe I'll be disappointed, maybe blown away, who knows.