Buying A Classic Corvette
#1
Racer
Thread Starter
Buying A Classic Corvette
I am looking to buy my first Corvette (C2). While I don't yet have a line on the perfect car, I have been thinking about the buying process. In the pre internet days, I would check the want-ads, call the seller, see the car, hand over the cash and take the keys. Now, with the internet, I could buy a car coming from CA to FL. So, let's say I find one on the East Coast, someone on the Forum checks it out for me and it all looks good. Now what? If it is a dealer, they probably have procedures in place. What if it is an individual? Do I bring a bill of sale? What does it include? Do requirements vary by state? How do I insure the title is good? Do I need a Notary? What if I can't get there in person, how does the money/title/car exchange work? I am curious about Forum members experience with buying long distance. Issues, cautions, best practices?
Thanks,
- Jeff
Thanks,
- Jeff
#2
Team Owner
Member Since: Feb 2003
Location: Sitting in his Nowhere land Hanover Pa
Posts: 49,006
Received 6,943 Likes
on
4,782 Posts
2015 C2 of Year Finalist
Bottom line I would never buy any car without looking at it your self. It's great to have it looked at by someone before you fly out and look at it. That helps weed out all the bad cars
#3
Team Owner
Member Since: Apr 2008
Location: Coloring within the lines
Posts: 27,333
Received 1,919 Likes
on
1,332 Posts
Great questions, and again, you are very wise to get ahead of the unknown.
I have only bought cars and sold cars from/to individuals who were in state, and we went down to the DMV together, buyer and seller.
I did buy my 1965 Corvette in Florida earlier this year (I'm in Virginia currently) from a dealership, and even with all their proficiency in selling cars, they fumbled sending me the title, so go figure.
I'm guessing that the pros that do this a lot will chime in.
Good luck.
I have only bought cars and sold cars from/to individuals who were in state, and we went down to the DMV together, buyer and seller.
I did buy my 1965 Corvette in Florida earlier this year (I'm in Virginia currently) from a dealership, and even with all their proficiency in selling cars, they fumbled sending me the title, so go figure.
I'm guessing that the pros that do this a lot will chime in.
Good luck.
#4
Drifting
Take your time
I am looking to buy my first Corvette (C2). While I don't yet have a line on the perfect car, I have been thinking about the buying process. In the pre internet days, I would check the want-ads, call the seller, see the car, hand over the cash and take the keys. Now, with the internet, I could buy a car coming from CA to FL. So, let's say I find one on the East Coast, someone on the Forum checks it out for me and it all looks good. Now what? If it is a dealer, they probably have procedures in place. What if it is an individual? Do I bring a bill of sale? What does it include? Do requirements vary by state? How do I insure the title is good? Do I need a Notary? What if I can't get there in person, how does the money/title/car exchange work? I am curious about Forum members experience with buying long distance. Issues, cautions, best practices?
Thanks,
- Jeff
Thanks,
- Jeff
I'm in NC and found mine on the internet after the ebay sale failed for the PO.
I put a deposit down after requesting a copy of the title then traveled to the site in PA and drove the car.
I went in on a Friday so I had time to drive and inspect the car - and to ensure access to banks - cashier's check and a notary.
I checked the VIN and Body numbers against online information
I then arranged for a trucking company to pick the vehicle up.
I didn't feel whole until the car was in my garage and the NC inspector cleared the car for license.
There is plenty of information on this form - just ask
Phil
#5
Racer
Having sold a few collector cars, one thing I know for sure- I will not sell one to someone who will not come at look at it in person. I don't want to sell to someone who would not make an effort to see a what a Corvette would look like before plunking down 40-120K+. This isn't like buying a new Honda Accord sight unseen. Even with a Bloomington Gold or NCRS Top Flight car, it deserves to be seen in person. As minimum, a buyer should see it in person to verify it even exists (ask my nephew, who lost 13K buying an exotic motorcycle sight unseen that never existed).
Marc in Indy
1957 Corvette 245 HP 4 spd with 7300 FI installed in the early 60's
Marc in Indy
1957 Corvette 245 HP 4 spd with 7300 FI installed in the early 60's
#7
Racer
Thread Starter
Any other thoughts on the actual procedures when buying out of state in terms of bill of sale, title verification, notary, other things I'm not thinking about?
- Jeff
#8
Race Director
And definitely get it inspected by a knowledgeable person before you fly out to look at it yourself. If you belong to the NCRS you can contact a regional director and hopefully be put in touch with a knowledgeable person who can inspect the car for you. The Driveline, an every-two-months NCRS publication has tons of Vettes for sale in it. If you don't belong, maybe someone near you will let you look at the ads, then you can join. Enjoy the search for that just-right Sting Ray!
#9
Le Mans Master
Beware too that the AR title I had in hand after inspecting and buying my car had a separate box labelled Bill Of Sale on it but my #%£€ TN DMV would not recognize it- probably I could have pushed the issue legally (at ridiculous time and legal expense so why bother) but I had to get a separate bill of sale after the fact or be taxed on NADA average value... About $20k more vehicle value than my driver cost me! Do get a bill of sale. As for insurance you are probably covered by your existing policy for a time, but with a classic I would insure it ahead of time with hagerty or some such co with agreed value before driving off. By the way, if the car has not been sitting, driving it home is an experience NOT to be missed !
#10
Le Mans Master
Member Since: Mar 2010
Location: The Golden Triangle, Florida
Posts: 6,200
Received 1,581 Likes
on
818 Posts
2023 C2 of the Year Finalist - Unmodified
St. Jude Donor '20-'21-'22-'23-'24
Hey Jeff - I bought my '67 from an out-of-state dealer. I didn't inspect the car in-person but I had someone who knows these cars look at it for me. I did visit the dealership a year earlier and spent a couple of hours talking with the owner and looking at his cars.
I did a thorough search on the dealership before I made my purchase and also talked to several forum members who had bought from him.
I got a purchase agreement / bill-of-sale and title. The dealer had a process in place for payment and paperwork processing so all the administrative stuff went smoothly. The dealer delivered the car to my house.
I'm glad I did my homework checking out the dealership because shortly after I took delivery, the shifter locked up. The dealer brought the car back to his shop, put in a new shifter, and delivered the car back to me, all at no charge to me even though this was an "As-Is" sale. I didn't ask for him to do that . . . he offered to do it once he learned about the problem.
I'm sure I could have found a car for less money, especially from a private seller, but this was the car I wanted and I was happy with the transaction and the car.
If you end up finding the car of your dreams at a dealer, my strong advice to you is to thoroughly check out their reputation, here on the forum and elsewhere on the Internet. When buying from a dealer, reputation is everything.
Keep us posted on your hunt.
-- Steve
I did a thorough search on the dealership before I made my purchase and also talked to several forum members who had bought from him.
I got a purchase agreement / bill-of-sale and title. The dealer had a process in place for payment and paperwork processing so all the administrative stuff went smoothly. The dealer delivered the car to my house.
I'm glad I did my homework checking out the dealership because shortly after I took delivery, the shifter locked up. The dealer brought the car back to his shop, put in a new shifter, and delivered the car back to me, all at no charge to me even though this was an "As-Is" sale. I didn't ask for him to do that . . . he offered to do it once he learned about the problem.
I'm sure I could have found a car for less money, especially from a private seller, but this was the car I wanted and I was happy with the transaction and the car.
If you end up finding the car of your dreams at a dealer, my strong advice to you is to thoroughly check out their reputation, here on the forum and elsewhere on the Internet. When buying from a dealer, reputation is everything.
Keep us posted on your hunt.
-- Steve
#11
Melting Slicks
I would never buy a car without seeing it, driving it, and inspecting it in person. And I would never send any money before hand. The odds of ever seeing that money again are not good. Try to stick local if you can, within driving distance. Unless you're looking for that special car that there are very few of, there are plenty of C2 Corvettes out there. You just have to be patient. If you have that "got to have it now" mentality then you are ripe pickings for scammers. Go on the forum for sale section and put a WTB add in for what you are looking for. Good luck!
#12
Team Owner
I've laid out about $600-$750 in professional "long-distance" inspections over the last few years. One for a '61 in Ft. Lauderdale and another for a '69 Z-28 out of state. I passed on both cars and consider the money well spent. Both cars looked good in the ads but had problems that only a knowledgeable person would find.
Both cars I DO now own I flew out to look at myself. My '61 was on a cattle ranch in Columbia, SC and my split window was owned by a forum member in Ohio. Both worked out and I bought the cars on the spot.
I did also personally look at SO much split window 'junk' it was discouraging. Probably 9 cars within the state of Florida. Overpriced, overhyped and money pits.
Be damn careful. If you find something down this way (Orlando) I have the names of several outstanding inspectors...
Both cars I DO now own I flew out to look at myself. My '61 was on a cattle ranch in Columbia, SC and my split window was owned by a forum member in Ohio. Both worked out and I bought the cars on the spot.
I did also personally look at SO much split window 'junk' it was discouraging. Probably 9 cars within the state of Florida. Overpriced, overhyped and money pits.
Be damn careful. If you find something down this way (Orlando) I have the names of several outstanding inspectors...
#13
Team Owner
Member Since: Apr 2008
Location: Coloring within the lines
Posts: 27,333
Received 1,919 Likes
on
1,332 Posts
[QUOTE=Frankie the Fink;1587745869] I did also personally look at SO much split window 'junk' it was discouraging. Probably 9 cars within the state of Florida. Overpriced, overhyped and money pits./QUOTE]
I hope you didn't look at mine and come to that conclusion.
Bought it in Florida from a Melbourne dealer. It was previously auctioned at Mecum's in Kissimmee in January 2013.
I hope you didn't look at mine and come to that conclusion.
Bought it in Florida from a Melbourne dealer. It was previously auctioned at Mecum's in Kissimmee in January 2013.