Is this a good deal?

[quadmasta]

A Ford mechanic, former SHO mechanic and friend of mine offered his 3rd gen for $700.
1997
Black/tan leather interior is perfect body is straight with no scratches
175000 miles on the clock but the former owner was a long-distance salesman
Something's funny in the transaxle. He explained it like it just quit going all of the sudden. No leaks, no traumatic failure etc. So it probably just needs a converter and/or rebuild.

What's your opinion guys?

 

[DavidT]

seeing how you are in the "sho tranny capital of the world" under President Lewis ...you could let him diagnose it. If it does need a new tranny, figure ~$3000 (includes all the upgrades) iirc. That bumps it up to $3700... which isn't terribly bad, mileage is a bit high though...

 

[SuperchargedSHOguy]

That is a good deal. If you decide against it, let me know...I have been looking for a cheap gen 3

 

[3.8Lwagon]

cam welded? if not then it will basicaly be $4000 for the car.

 

[quadmasta]

You mean the guys at Ford Performance Specialists?

 

[Mr Anonymous]

cam welded? if not then it will basicaly be $4000 for the car.

Exactly, and there are probably a lot nicer cars with fewer miles for $4000-$4500 you'd have in this one.

And yes, he's talking about Doug Lewis at FPS.