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Thanks for your thoughts.
To clarify my intentions and goals with this purchase, because I suspect that it's different than many here: I am trying to buy it specifically because it is high mileage and I am buying from a friend, as it will give me a chance to own and experience one of these cars at a price I can afford. I know I can find nicer ones in the $40k-$50k+ range, but that's not really what I'm looking for and is out of my price range. I understand it will need a rebuild at some point, maybe soon, and when it's needed I will be performing that work myself. The whole point here is to use the fact that I'm capable and willing to do all the work on this car myself to make it affordable for me to own one. By buying hopefully below market, I'll also hopefully not lose any money on it if I find myself in a situation where I would need to sell it. As for the merits of financing it, to each their own, but I'm comfortable financing this kind of car at the price I'm getting, so long as inspection doesn't present any show-stopping issues.
Thanks for the suggestion of Techweenie -- I called and spoke to Bill, he's super helpful. He offers a pre-PPI for $350, has anyone used him and understand the thoroughness of his pre-PPI vs an actual PPI from a shop? Callas Rennsport quoted me $900-$1200 for a full inspection. I guess if I know I'm going to want a full inspection anyway, should I skip having Bill look?
As for appraisal: my credit union said that the appraiser should be from a "certified appraisal company". I feel like this may rule Bill out for that purpose. Is the notion of a "certified appraiser" a real thing in CA?
Thanks again everyone for your thoughts!
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