Fixer Upper GTO: Part 4, the Cost

This is the last Post on our 2004 Fixer Upper Pontiac GTO. We told you previously about what we started with and some of the issues we encountered. Last time we showed you the final results and this time we are going to go through the total cost involved with our Fixer Upper and whether we went over or under our $10,000 total cost estimate.

Here is the list of what we have spent to date and the cost:

1. Battery; $112.49
2. Rear bumper cover, used; $250.00
3. Two rear taillights, used; $50.00
4. Two front headlights; $224.00
5. Hood, used; $547.50
6. Hood lift supports; $49.90
7. Upper and lower grill; $86.95
8. The car came with only one key/remote, we need two;
   1. Cut key = $99.94;
   2. Program Key = $54.57;
   3. Transmitter = $92.19;
   4. Total: $246.70
9. Light socket for brake light; $42.56
10. Rubber seal for gas door; $15.45
11. Pinstripe tape; $24.90
12. Wiper blades; $39.90
13. Drive Shaft; $625.00
14. Exhaust modification: $60.00
15. Transmission service; $245.57
16. Oil change, filter, synthetic oil Mobil 1; $82.38
17. Body and Paint; $2,400.00

Total: $5,193.30

Our original purchase price for this 2004 Pontiac GTO at auction was $3779.00 including fees. That means we got into our little GTO for a total of $8,972.30 far less than our goal of $10,000.

Today, the NADA book value of the car (without a salvage title) is:

Rough: $6,900

Average Trade in: $8,125

Clean Trade in: $9,125

Clean Retail: $11,900