5k: Cheapest Running Example: 1972 Alfa Romeo GTV 2000

The Alfa Romeo GTV is on DT’s short list of cool classics to own/drive for cheap.  A nice well sorted example will cost well into the teens and basket cases are often offered for $7k, so imagine the collective surprise when we found a running/driving GTV for less.  Find this 1972 Alfa Romeo GTV 2000 for sale in Grand Rapids, MI for $5,000 via craigslist.

You can probably pickup a non-running barn find GTV for this price, but the real kicker with this car is that it is sold as a “good running and driving car” that needs some TLC.  The difference in value (to the intelligent owner) in a car that can be driven home versus one that needs a trailer is considerable.  First up, you can drive the car and diagnose the problems, something you can’t do with a non-runner.  If a seller says the engine needs rebuilding you may well find that the trans, rear end, cooling system, charging system, power steering system, suspension bushings, wheel bearings ball joints… (see where we are going…) also need overhaul.

The truth is, this car may also need an overhaul of the power steering system, trans, rear end, ball joints, (etc) – but you can take it for a drive and get a very quick and thorough understanding of what you are getting into.  The best part is that you can drive it as you restore it…and a thorough restoration this one will need..unless….

You are going to have to open your mind on this one, but what if you just sorted the mechanical issues with some old-school mechanical aptitude and after a total of $7k into this car (including purchase price) you just stopped.  You’ve now got a seven grand Alfa GTV that you can run/drive anywhere.  Park at your local Walmart parking lot – sure.  Wash it? Eh…next weekend.  Rear tires bald…just better to drift with… What you’ve got is now the ultimate drive it because you like it, not because you want other people to think you are cool car.  And that is cool.

Before you start dismissing this as “I could buy any number of well running other cars for…blah blah” – remember, there was a time in the recent past that you could pickup a 911, 65 Mustang Fastback or even a 356 Porsche for $5k…but those times are gone…how much longer will the GTV be affordable?  If this car were any closer, it might already have a Daily Turismo sticker on the windshield… See another low buck unicorn?  tips@dailyturismo.com

Originally seen on jalopnik oppositelock.