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Help me out with what its worth

Old 04-25-2016, 07:41 PM
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Firemedic1966
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Default Help me out with what its worth

Hi everyone...Owned several C1-C2's back in the day, and due to life and its circumstances have been Vette-less for the past few years. Yes, I miss the hobby and addiction!

Luckily I am in a position to possibly purchase a semi restored C2. The car is not top flight, but a frame off restored, clean, numbers matching roadster.

My question is with an exterior and interior color change, how much does it affect the overall value? The car was originally blue exterior/black interior and it is now red on red.

I am not going to disclose the asking price, but the car seems to be on the high end of the spectrum price wise. I have been looking for about 6 months now, and have looked at a few cars, but nothing that really grabbed my attention. The above mentioned roadster has, but with the market being what it is, and spending a high dollar, one needs to be cautious.

Part of me wants to throw caution to the wind and pull the trigger, but at the same time I also want to get the most for my money, and if god forbid something happens to where I had to sell the car, I dont want to take it in the shorts due to different body color-interior.

Years ago when the cars seemed more affordable, this would not have mattered, but now spending over $50k....I am just thinking ahead long term.

I already know, some will say it doesnt matter, some will say of course it matters....But my priority is to have another C2 in the garage soon!

Thanks in advance!
Old 04-25-2016, 07:48 PM
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mikelj
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Year? Engine? Options? The more rare the car's other attributes, the more a total color change inside and out affects the value.
Old 04-25-2016, 07:54 PM
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Firemedic1966
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Its a 65 roadster 327-365 numbers matching with 4 speed. No additional options "no power steering/no hard top/ no side pipes.
Also it has aftermarket torq thrust 2 rims. "It needs a set of knock offs"
Old 04-25-2016, 08:13 PM
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Bluestripe67
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Welcome to the CF. Pictures show and tell us much more that anything. Semi restored really leaves a big void in this. We need pics with details! Dennis

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Old 04-25-2016, 08:27 PM
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Firemedic1966
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Here is the ad


https://indianapolis.craigslist.org/cto/5547192310.html
Old 04-25-2016, 08:33 PM
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warrenmj
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I'd say he about $20k too high, maybe more.
Old 04-25-2016, 08:37 PM
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well
there are a lot of obvious alterations to that car, including the spin on oil filter, the off brand pwr steering, the stinger hood, and more just from quick glance.
It may be "numbers matching" but I will guarantee that the stamp pad markings and broach marks do not look like they were done in Flint MI or St. Louis in 1965, and heaven only knows what block is in the car. So, the numbers matching on this will only mean something to the uninformed.
You should expect that you lose at least half the market at resale time when you go to sell this car given the changes we can see, and no doubt the ones we cannot see. This will only sell at this money to someone with little patience and no concern for the price.
Old 04-25-2016, 08:43 PM
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Firemedic1966
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Right now it seems like every 64/65 roadster is 40-50k on the low end of the spectrum reguardless of condition. I have seen basket case rollers for 30k, and modest drivers priced at 50k. Believe me. I have been looking for awhile and was in sticker shock for awhile compaired what they were priced at 5 years ago.

Honestly getting tired of reading the following in classifieds
Testing waters/dont need to sell/investment quality/these cars increase in value 5-10% a year/ etc

Just seeking a nice c2 roadster again and dont want to get my *** chapped on the price! lol
Old 04-25-2016, 08:46 PM
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Originally Posted by warrenmj
I'd say he about $20k too high, maybe more.
No way is it worth less than $50k. $35k is where 63 and 64 roadsters start.

If you plan on keeping this car for quite a while and like the colors, I wouldn't let the color change slow me down. But if you want to change the paint and interior, put new wheels and hood on it, you'll be majorly upside down.
Old 04-25-2016, 08:50 PM
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Firemedic1966
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Believe me, I would pass on the car if I was considering paint/interior change
Old 04-25-2016, 08:50 PM
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Originally Posted by Firemedic1966
Right now it seems like every 64/65 roadster is 40-50k on the low end of the spectrum reguardless of condition. I have seen basket case rollers for 30k, and modest drivers priced at 50k. Believe me. I have been looking for awhile and was in sticker shock for awhile compaired what they were priced at 5 years ago.

Honestly getting tired of reading the following in classifieds
Testing waters/dont need to sell/investment quality/these cars increase in value 5-10% a year/ etc

Just seeking a nice c2 roadster again and dont want to get my *** chapped on the price! lol
Keep seeking for that roadster... pass on this one, way to many negatives against it at that price.

-Bruce
Old 04-25-2016, 08:57 PM
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mikelj
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Looks like a really nice clean, well done driver, if it starts, runs, and operates like new (no smoke, hesitation, noise, etc.) it is worth $45-48K, IMO
Old 04-25-2016, 11:09 PM
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tuxnharley
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Originally Posted by mikelj
Looks like a really nice clean, well done driver, if it starts, runs, and operates like new (no smoke, hesitation, noise, etc.) it is worth $45-48K, IMO
I think that car would be a reasonable buy at $45k. I don't understand those who suggest that it is worth $34k or $27k. IMHO it is not worth the asking price of $54k.

Last edited by tuxnharley; 04-26-2016 at 12:04 AM.
Old 04-25-2016, 11:31 PM
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Originally Posted by Firemedic1966
Its a 65 roadster 327-365 numbers matching with 4 speed. No additional options "no power steering/no hard top/ no side pipes.
Also it has aftermarket torq thrust 2 rims. "It needs a set of knock offs"
The ad says "numbers correct" (not "numbers matching") and does not claim to be the original engine.
Old 04-26-2016, 01:46 AM
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Its a NOM car...

It looks nicely done... so that is why his ask is mid-50s. It be hard to buy a driver for $40 and make it into that car for $14K....

A lot of his upgrades are ones that folks make anyway... bb hood, radio etc...

I'd think you should be able to get something in that $55 range that is a little more correct... but I've been in the market myself for a few months, and have seen a lot of dogs. Good cars go fast.

This one looks nice... Green/Tan is classy
1965 corvette conv. - $57900 (Waynesboro, Pa)

1965 corvette conv, number matching,Glen Green, saddle vinyl int, saddle conv top, HARD TOP,
327/300 hp, 4 sp, am/fm radio, power ant, side exhaust, tinted windshield and side glass, gold line
radial tires with hubcaps, frame off restoration, motor and transmission rebuilt, all suspension
rebuilt. Very nice driver. Owned car since 1990. Has 88704 miles. Have all restoration receipts. Show winner. Very sharp car. Just reduced to $57900. 717-762-7386 for further info.
1966 Corvette Convertible - $36500

1966 Corvette Convertible, 350 (NOM), 4 spd, side pipes, nice driver. $36,500 obo
This one has better upgrades, better price
65 Corvette - $45 (South Shore)

65 Corvette convertible. Nassau blue, white inside. New radiator, carpet, seat covers and top 7 years ago. Stripped and painted 14 years ago. Has a couple of nicks and small scratches but still looks good. 406 engine new 2 years ago, dynoed at 495 hp, 520 ft lb. Brand new Tremec TKO 600 5 speed. New Steeroids power rack and pinion steering. 411 posi, composite rear spring, Bilstein shocks, new front springs. Everything works but the factory radio. Has aftermarket stereo in glove box. Frame is perfect with no rot. New body mounts. New ball joints. New upper and lower control arm bushings. New tires and brakes. This car runs and drives awesome. Will remove 5 speed and sell with Muncie M-20 wide ratio 4 speed and Hurst shifter for $42k. If you're interested call 781-582-4905 8am-8pm
Pictures are older with side exhaust that has been removed.

1967 corvette - $58000

1967 corvette roadster, fresh paint, big block, head-rests, goodwood green with green interior, repro side-pipes and wheels, excellent frame, 4 speed, am-fm, (NOM), very nice. $58000

1967 Chevy Corvette Roadster L79 Frame off - $61000 (Orlando Florida)

Corvette is located Orlando FL
1963 1964 1965 1966 2014 2015 2016 Corvette Z06
Not into back and forth negotiating price is set and firm $61,000. Serious buyers respond back with a contact number I will give you a call. Mid year corvettes are solid investment that will maintain and increase in value and this is especially so for the 1967 model year.

1967 Chevy corvette roadster matching #'s L79 327/350HP 4SPD Side pipes, Power Steering, power brakes with factory Tank Sticker. Corvette has been a frame off, factory correct colors per its original trim tag and tank sticker marina blue with bright blue interior. Rear end gear is a 3:70 posi. Headlight work, blinkers work, factory AM/FM radio works and the Clock as well. Solid turn key driver 67 corvette.
Old 04-26-2016, 01:57 AM
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ghostrider20
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I think guys here underestimate the values. It seems an absolute basket case car that has parts in a box, and you winch on a trailer goes for 20K.

If you buy that NCRS correct numbers car, it may need a brake rebuild, radiator, trailing arm bearings, saggy springs, and sloppy steering. Another 8K worth of parts.
Old 04-26-2016, 05:08 AM
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Crunch527
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low 40s...

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Old 04-26-2016, 06:02 AM
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Crunch527
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I'll say it another way...67s are the pricing standard for the C2 arena (except the 63 Splits). like Rev, I spend an inordinate amount of time cruising the sales sites and looking to see what is out there...never know but here is what I see:

If I can buy a Numbers SB 67 that is as nice or nicer than this 65 for low $60s, no way can I make sense of this 65 for $55K (which is further from a numbers matching car with all the different parts)...even if the market is moving upward, this 65 isn't the car that will set the mark.

Best way to assess is go figure out what a good number matching 65 is going for these days...start there and work backwards. Its less than a 67 of similar condition thats for sure. How much less? That depends on the condition of the car and the BUYER, not the seller.

If you watch eBay and wait for the cars to sell (not talking about the ones where they don't meet the reserve, which is most of them these days), it will show where the cars finished up...even after it says the reserve was met, whether they actually sell is hard to know for sure, but its about the only place to find info on what cars are selling for...most folks lie about what they paid when asked, everyone gets a smoking deal right, so that doesn't help either.

Another comment: I get there aren't any cars out there LISTED in the $40s...but I guarantee 99% of these cars are ACTUALLY selling for WAY less than the asking price.

For example: One of the more recent over pricing examples I have seen was a 67 Green, vert, NOM BBC car w/ flares, paint was old, on eBay that started at $60K...some may have seen it. I called the guy in Jan when it first came out...said he had $70K in it...I offered him $40K sight unseen. Of course he politely declined, it was too early in the process for him to come to the realization that his car was no where near worth what he thought, and then after a few months of not selling, he incrementally lowered the reserve and got it sold at $37,500. Saved myself some money apparently.

There was another BBC, Coupe, 67 that had a new Nebraska VIN plate on eBay recently (stolen back in the 80s)...it ran through the eBay cycle a couple times and the highest it got was $42,500...about what I would say it was worth. I called on this one too...solid car but just another old car that has baggage but the owner thinks he has a grand slam on his hands.

Sorry for rambling...again, I'd give low 40s for that 65 you are looking at...
Old 04-26-2016, 07:26 AM
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Originally Posted by Zoomin
No way is it worth less than $50k. $35k is where 63 and 64 roadsters start.

If you plan on keeping this car for quite a while and like the colors, I wouldn't let the color change slow me down. But if you want to change the paint and interior, put new wheels and hood on it, you'll be majorly upside down.
what he said. I was thinking around $50k, if you like it, and aren't interested in making the "needed" changes. When, in the very distant future, you decide to sell, you'll find someone else who'll be interested in paying at least what you paid, probably even more.
Old 04-26-2016, 02:36 PM
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Buy a 65 roadster that needs a full resto for 35K and watch how your outlay will pass 55K and keep going so fast your head will spin and your eyes will roll like a slot machine.

If you dont care about originality, NCRS and all that other stuff and only desire a great looking and good running Sting Ray, have it thoroughly checked by a good mechanic who knows these Vettes and if it passes muster try to buy it for 49K.

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