[bandit96]

That stinks! Was it a dealer or a private party? If it was a dealer, you have specific rights and maybe can recoup part or all of your money! Actually I would check with a lawyer about any recourse you may have with the po.
Unless you are DIY, you're looking at more money to repair than what the car is worth. Add to that the fact that it's a rebuilt title (which means it's been wrecked, too) you would never get your money back out of it.
Sorry about your luck on this one, there are SO many crooks out there anymore...
Hopefully this experience doesn't spoil your opinion of these cars in general.
Bandit

 

[bandit96]

Yeah, but by the sound of it, the po did not inform him of any mechanical issues with the drivetrain.
A rebuilt title has to do with a vehicle that was wrecked and totalled per the insurance co.and issued a salvage title. These typically go to auction and are sold off to salvage co.s that part them out or sell them as is to people interested in rebuilding. Once inspected by the state DOT they can have a rebuilt title issued, but that only pertains to roadworthiness, not necessarily overall mechanical condition (i.e. blown engine)
We need more details, Al !

 

[bandit96]

Unfortunately, I think I have to sell it. The shop is probably going to gut me for the labor at this point. One recourse I have is to sell the car to the previous owner, a gentleman who approached me about the car after he saw me driving it around town. He told me that he sold it to the man I bought it from, and that he'd like to buy it back. I spoke with him today and he said that he's still interested in the car, and he'd fix it. It's a much better fate than parting it, to be sure. He asked me to tell him my price for it, but I don't know what it's worth, if I overpayed, anything anymore. I paid $4000 for it, thinking I was getting a good deal. Do I offer it to him for $3000, and give him all the engine information I've gotten by email in the last couple days?

It sucks to see the car go, but clearly this guy cares for the car if he still wants it now. Any advice on pricing, selling it, cars in general is welcome. Thank you all.

Was he the one that wrecked it, or was it the last guy/gal?
If it was him, I'd tell him $4k and wouldn't say another thing.
This whole deal smells REALLY fishy to me...

 

[bandit96]

I would assume he is the one who wrecked it. The guy I bought it from only buys and sells classic cars, he didn't drive it from what I know. You really think I can get 4k out of it, without the engine?

You already pulled the engine?
Nobody has done anything for free. If he wasn't the original owner, then he probably sold it for a profit to the dealer, who sold it at a profit to you.
So did he make you an offer? Or was he waiting for a price from you?
This all just seems sooooooooo suspicious.......