There is something undeniably attractive about a potential project candidate that can be driven and enjoyed immediately. Such is the case with this 1972 Dodge Challenger Rallye. It is a solid classic with a freshly rebuilt engine and a genuine 46,800 miles on its odometer. It has a few minor rust spots that the buyer will probably choose to tackle immediately, although some might throw caution to the wind by undertaking a cosmetic restoration. The seller has listed the Challenger here on eBay in Derby, New York. Spirited bidding has pushed the price to $20,000, which is below the reserve. Those viewing it as an automotive “must-have” might be tempted to hit the button on the $25,000 BIN option.

Dodge offered 1972 Challenger buyers sixteen paint shades on that year’s color palette, but few were more dazzling and distinctive than the Top Banana chosen by this car’s first owner. They teamed it with a Black vinyl top and factory Rally wheels to create a bold visual statement. The seller confirms that this classic underwent a repaint in the 1980s, and the lack of significant deterioration suggests the work was performed to a high standard. It isn’t perfect, but it’s comfortably acceptable for anyone seeking a driver-grade classic. The panels are straight, and apart from a scratch on the windshield, the glass is in good order. I haven’t been dancing around the subject of rust, but the news is pretty positive. The seller confirms a few developing small bubbles in the lower rear quarter panels and under the vinyl, but the issues aren’t extensive. The key factor is that prone areas like the floors, rails, and trunk pan, are rock solid. The trim is in good order, and the seller recently treated the wheels to a restoration.

This Challenger may have received a cosmetic refresh in the 1980s, but it retains its numbers-matching drivetrain. The components include a 318ci V8, a three-speed TorqueFlite transmission, and power assistance for the steering and brakes. That V8 would have generated 150hp and 260 ft/lbs of torque when the car was shiny and new, providing performance that was competent, rather than dazzling. However, there might be more on offer, with the seller confirming that this engine has clocked 5,000 miles since receiving a complete rebuild. The process included upgrading the intake and carburetor, two strategies that will undoubtedly yield positive results. They repainted the engine bay while it was empty, lavishing further TLC on the transmission, rear end, and electrical system. They claim that the Challenger has a genuine 46,800 miles on the clock without mentioning verifying evidence. However, it is worth noting that this is a turnkey classic that can be enjoyed immediately by the winning bidder.

The seller doesn’t mention verifying evidence for the mileage claim, but the condition of its original interior makes it plausible. The Black vinyl trim is free from wear and distress, as are the console, dash, and carpet. There are no visible aftermarket additions and no signs of abuse. It isn’t loaded with options beyond bucket seats, a console, Rally gauges, a tach, and an AM radio. The seller indicates that the radio, clock, and tach are inoperative, but the remaining lights and features work as they should.

I would typically look at a classic like this 1972 Dodge Challenger Rallye and advocate strongly for preservation. However, since it underwent a repaint in the 1980s, it probably doesn’t qualify as a survivor under the strict definition of that term. Therefore, performing a cosmetic restoration is a valid option that many might find irresistible. Thirty-three bids have pushed the price to its current level, and that figure will almost certainly climb as the end draws near. If you decided to pursue this Dodge further, what figure would the bidding need to reach before you threw caution to the wind and hit the BIN button?