So my buddy totaled his 06 GTO a week ago with only a year left of payments. He spent money on it making it fast but he only got $11.5 in pocket after paying off the loan. He is currently looking at an 05 GTO with an APS twin turbo kit, built transmission and 408ci LS2. The car makes 672hp and 685ftlbs of torque to the ground. This car was going for $25k with everything but the owner said he was driving on Monday when the coolant temp hot light came on and he pulled over before the car really overheated. It needs a head gasket on one bank now. Not sure if the head suffered any damage but the owner says not likely since he pulled over quickly and the head has studs instead of the stock tty head bolts. Also one of the turbos needed a rebuild so the guy bought a new turbo and replaced it. My buddy really wants this car because of the turbo kit. The owner only wants $21K as is. So off the bat he would have to spend about $1500 to have the head gasket replaced on top of the 21 for the car. I say no on this car. He can't even use it to its full potential because the car would need a cage to run on the track and the diff is stock so it would grenade itself with slicks on.
The other option would to buy a stock 05/06 GTO for about 16K and start modding again. The benefit with this option is that he can use 11.5 as down and get the remainder financed. He would only have about a year of payments then he would be free to mod it as he wants.
My friend is an alignment tech at a Just Tires so he isn't pulling in much and it doesn't help that he just got married and they are on their own. Whatever car he gets would be his DD car and he is set on buying another GTO. Personally I'd go for the stock one and start again. What would you do?