Well, back when I build rebuildables, I did a fair amount of "swimmers". In fact, in 1993 I bought a 91 Dakota V8 4 X 4, loaded cool truck, with light water damage. By light water damage, I mean water in the dome light!
It was sunk in a swamp, lilly pads on the air cleaner. We got it home, pulled the plugs, oil drain, filled it with oil, pumped the water out of the cylinders (this is sensational on a Dodge motor with the plugs pointing out at 45 degrees, it sprayed water for 50 feet, LOL!)
After 4 oil changes, 3 cases of transfluid through the trans, running it with engine the trans cooler feed line in a bucket while adding new fluid. Once the strawberry Nestle Quick in the trans went red, and the oil went from chocolet milk shake to clean oil, I drove it home. And another 100K miles. Never did a thing to it repair wise except replace some electronics. Still have it today, the kids stadium style race it around the yard.
NOW, with all that said, that was fresh water, in a 1991 model, not many electronics. The new GTO, in saltwater, and it was saltwater, could have serious damage. But with that said, I would buy it in a heartbeat if you do not, even if I have to go through every driveline component. it is still a deal. DO NOT buy this car with intensions of using any of the parts without total tear downs and service or replacement.
The seats, they are done. Water soaked seats will smell for life, and the leather, even if it cleans, will die a fast death.
If you pass, I would like to know
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Frank Serafine
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