Value of a 22-23 speedster??

I am pondering purchasing a speedster and am having trouble with a value!
The owner is firm at $10,000.00. He has owned it for about 40 yrs. He paid $ 350.00 for it !!
The car was used in the 70's in the Long Beach Hill Climbs.
I am at a loss and I know photos would help!! !

The body style is a boattail very similar to the Mercury!
It has a rectangle not a round trunk lid!
The 5th tire mounts on the rear of the boattail !

I am sure that it is a home built body and frame!

I cannot believe the quality and detail in the body and frame.
The body is CHERRY, 5 nice 21" wheels and tires, perfect seat covering(kind of a two seat combo ONE PIECE TIGHT FIT) dash , steering wheel perfect. no head lights!
The frame is fully boxed and lowered. Every detail is perfect! No rust, nice paint, a few spiders.

The motor has a 22 serial number, he will make it run before sale. Has a distributor, headers, and down draft manifold and carb, Richardo head.

It had been on a non op from 1995! It is registered as a roadster!!
He agrees to get the registration all cleared up. (should be off the CA DMV records) I think that he can get the specil plates due to the title and age.

It looks like a once in a life time deal for me!

I will need to lose about 20 lbs, and go barefoot to drive the racer!

I have 4 T's and never have spent $ 10,000 total!( Multiply like rabbits)
I am trying to talk myself out of it!! But!!
Will kick myself in the *****forever!!!
What do you think about a speedster/ roadster, and $10,000.00 in this economy!

Steve
 
Is the registration as a Roadster a problem? Technically in 1922, Henry never produced a Roadster either so what does it matter how it is listed??

The economy honestly has nothing to do with whether you should purchase this car. Only YOU know your financial situation and the rationale whether it would be prudent for you to spend the money. I will suggest that you consider why YOU feel like this is a value to you. Is it because you could not duplicate it for the sales price? Is it because you have a purpose for the vehicle?? Is it because it will bring joy & entertainment in a new environment??? Best wishes in whatever you decide to do.
 
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