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he has it timed where it seems like it's "slow" or something @ idle. ... when he revved it like that, there was this "ping ping" sound that i did not like at all LOL.
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That'd be detonation (spark knock); probably has it 30 or 40 degrees advanced.
As far as value of the car, $3k sounds about right for a Coronet 4 dr. (except BB) in the condition described. But this is Colorado, and most everything sells for less here. What matters is whether or not you're attached to the car.