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Probably everyone is right where this car should be at $35K, but I'm going to say $29K, because there are positives and negatives.
1) It's a '84 Carrera that's been modified. The bodywork or flares in many ways contribute to the looks of the car, but do not add value to the car. That's my opinion, because the paintwork mismatch and some other things are going to eat the value added by the steel flares. So it's a draw here.
2) The high mileage is going to give the car a hit, and when you have an estimate for a rebuild people are going to know it's going to need a rebuild - which is great because you're being honest. $12K is probably right.
3) At the end of the day, it's a high-mileage '84 Carrera that been modified that needs work. That's why I believe $35K is optimistic, because I would rather pay $42K for a '84 Carrera that doesn't need that work - and has less miles. There is only a disparity of $7K.
To the right person who wants the 3.2 in Turbo look but doesn't want to pay for a real Turbo look it's probably a bargain. To other people it may present an opportunity, and some may say that $29K is too cheap, but it is what it is - a modified, 200K mile car.
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