1970 454 Convertible Monza Red 29,400mi- Value please?
#1
1970 454 Convertible Monza Red 29,400mi- Value please?
I have a 1970 454 convertible. It was purchased new by my parents in the Los Angeles area, they sold it to my oldest sister when their health prohibited the excitement of the drive. I purchased it from my brother-in-law after my sister passed away unexpectedly. I just don't use it and it seems a shame to have it locked away. I drive it just enough to keep the engine from deteriorating, but probably less than 300mi/yr. I had the engine checked and new hoses, engine flush, change this, that and the other when I got it. It goes to a local vintage car mechanic regularly for annual oil/fluid changes. It has been garaged it's whole life, only been in the rain once, never in the snow. All original, paint, black conv. top, black leather interior, p/s, p/b, p/windows. It was slalomed in it's early life, in a stock class -- mom won trophies and was class Women's champion in this beauty multiple years back in the 70's. I am in Santa Barbara (100 mi north of LA). I would like to sell it, but am not willing to give it away.. Was appraised at $40 when I got it 10 years ago, any ideas where I can get a current value? --Kathleen
Last edited by kaglenn; 02-28-2015 at 07:26 PM. Reason: Need to research before selling
#2
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FYI--per forum rules you need to post a price or mods will take action. A few more pics of the interior, engine bay, under carriage will go a long way to help your sale. Awesome family history of the car, especially your Mom. Great car GLWS.
#5
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Location: YANKEES UNIVERSE 70 454-LS5 500 ft-lbs Torque
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Any other pics you can post,engine,interior,etc...That is great looking LS5 you have there with a great history. do you have any documents since it is a one family owned since new ? BTw love the plates..
#6
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Kaglenn,we have a LS5 owners thread in the C3 general section and would love for you to post the pics and info of your LS5 in the thread if it is possible.... Thanks Jerry
#7
Melting Slicks
Imho,....
Very, very nice and desirable Corvette!!!
IMHO, I would do the following:
1. check completed ebay sales, that is the completed ebay auctions or the green numbers that actually sold for comparable vehicles.
2. check completed Mechum auctions, and remember somebody paid a commission on these.
3. check Hagerty insurance valuations.
You want to triangulate a range for a price based on a number of different sources with heavier weight given to actual final sales price numbers, which can be more difficult to find. As we know, we can ask anything we want, and in the end, items are actually worth what we can find somebody willing to pay for them.
I would sell it on ebay with no reserve with a starting price of the absolute minimum you would take. If you get no bids, well you know it might be priced a little high, so you can relist at a lower price if you like. If you put your starting price too low, bidders will drive it up for you so the market will help correct the price. Say in your auction, no bidders with less than 100% positive feedback and 100 transactions. You want to keep your neighbor's twelve year old out of this, even though he is a very nice kid.
I have bought and sold a number of cars on ebay like this and been happy with the results.
Also, on your ebay listing, put lots of great photos, good and bad, get help from your mechanic to describe the Corvette, and list once spring gets here. Read the fine ebay print and only do the transaction in person and with cash or bank drafted cashier's check at the bank.
Others have methods that work for them too, I like this approach which I have been happy with.
Hope this helps and good luck with the sale.
IMHO, I would do the following:
1. check completed ebay sales, that is the completed ebay auctions or the green numbers that actually sold for comparable vehicles.
2. check completed Mechum auctions, and remember somebody paid a commission on these.
3. check Hagerty insurance valuations.
You want to triangulate a range for a price based on a number of different sources with heavier weight given to actual final sales price numbers, which can be more difficult to find. As we know, we can ask anything we want, and in the end, items are actually worth what we can find somebody willing to pay for them.
I would sell it on ebay with no reserve with a starting price of the absolute minimum you would take. If you get no bids, well you know it might be priced a little high, so you can relist at a lower price if you like. If you put your starting price too low, bidders will drive it up for you so the market will help correct the price. Say in your auction, no bidders with less than 100% positive feedback and 100 transactions. You want to keep your neighbor's twelve year old out of this, even though he is a very nice kid.
I have bought and sold a number of cars on ebay like this and been happy with the results.
Also, on your ebay listing, put lots of great photos, good and bad, get help from your mechanic to describe the Corvette, and list once spring gets here. Read the fine ebay print and only do the transaction in person and with cash or bank drafted cashier's check at the bank.
Others have methods that work for them too, I like this approach which I have been happy with.
Hope this helps and good luck with the sale.
Last edited by 20mercury; 03-01-2015 at 01:04 PM.
#8
Great advice, thanks.
I have some homework to do!
I decided to sell it in December, checked with everyone in the family to see if anyone else wanted to take it over. Responses were (1)not enough money, (2)not enough time, (3)want a new Vette, (4)why would I want a 45 year old gas-guzzler? Clearly #4 must have been adopted!
I will work to get more pictures and check engine numbers, etc. The pictures I have are a few years old, but nothing has really changed in those years, except maybe 200-300 more miles.
Thank you for the great advice.
--Kathleen
I decided to sell it in December, checked with everyone in the family to see if anyone else wanted to take it over. Responses were (1)not enough money, (2)not enough time, (3)want a new Vette, (4)why would I want a 45 year old gas-guzzler? Clearly #4 must have been adopted!
I will work to get more pictures and check engine numbers, etc. The pictures I have are a few years old, but nothing has really changed in those years, except maybe 200-300 more miles.
Thank you for the great advice.
--Kathleen
#9
THE STNG plates
BTw love the plates..[/QUOTE]
Thanks, jr9170
The plates were a gift to my parents one Christmas just after they had the paint customized. It was also just after California allowed Vanity Plates on cars. Seems so long ago...I guess it was!
The only paperwork I have found so far is the CA DMV Temporary ID Window card (post while waiting for license plate to arrive), and the Warranty Folio with the Protect-O-Plate.
I'm working on getting more info/pics on the car to post. Will get to that as I have time.
Thanks, jr9170
The plates were a gift to my parents one Christmas just after they had the paint customized. It was also just after California allowed Vanity Plates on cars. Seems so long ago...I guess it was!
The only paperwork I have found so far is the CA DMV Temporary ID Window card (post while waiting for license plate to arrive), and the Warranty Folio with the Protect-O-Plate.
I'm working on getting more info/pics on the car to post. Will get to that as I have time.
#10
Race Director
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Really great 454 with great history.The POP is great paperwork to have.Any pics of your mother racing it that would be a great selling point also.Any pics you can post would be great.BTW try to put the pics and info on the LS5 owners thread in the C3 general section...Thanks Jerry
#11
Burning Brakes
Thanks, jr9170
The plates were a gift to my parents one Christmas just after they had the paint customized. It was also just after California allowed Vanity Plates on cars. Seems so long ago...I guess it was!
The only paperwork I have found so far is the CA DMV Temporary ID Window card (post while waiting for license plate to arrive), and the Warranty Folio with the Protect-O-Plate.
I'm working on getting more info/pics on the car to post. Will get to that as I have time.[/QUOTE]
Kathleen;
What a great story and that story is the key for you to find the right owner and the right price.
History can be a major factor in setting proper market price. In this case you have a great story but even more important you have the history from new. What that can tell a buyer is what has happened to the car and more importantly what has NOT happened to it.
IMHO there are many here that look out for such cars that don't have a shady past. most of the time you really don't know what a car has experienced in its past life.
I urge you to take your time. get that great story all written down with all the fanfare it deserves and couple that with the mechanical history of the car to document its condition. If this car is as virgin as it would appear the right buyer will find you at the right price.
Now, I've got to hear about your mom driving the tires off this car.
I kind of put her in the ranks of the WWII WASP's
Last edited by donbayers; 03-01-2015 at 05:40 PM.
#13
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Moving "What's it Worth?" thread to the General Discussion area. Please do not sell the car there, just continue your conversation on determining your asking price.
When you determine an asking price and the car is for sale, then please post a new thread in the For Sale section... thanks.
When you determine an asking price and the car is for sale, then please post a new thread in the For Sale section... thanks.
#14
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#15
Safety Car
leather, power, very low miles bb California no rust convertible is easily worth 50K as you have ownership trail.. don't sell it on ebay, ebay is nothing but a tool to introduce the car to the market, expect to sell it outside of ebay.. ebay pricing is nothing but what people will pay for the car sight unseen within a short time frame. set it at 60K and wait for serious buyers.
get all the numbers, you will get best price if you have all the numbers at your side when buyers ask you, also best to have lots of pics available.
set you up a photobucket library and load about 200 pics into it and point your serious potential buyers to that library instead of sending hundreds of pics via email.
get all the numbers, you will get best price if you have all the numbers at your side when buyers ask you, also best to have lots of pics available.
set you up a photobucket library and load about 200 pics into it and point your serious potential buyers to that library instead of sending hundreds of pics via email.
#17
Race Director
Hi Kathleen,
Very nice 70! RED, convertible, BB, RED!
You might be surprised at the value of the front licence plate frame! Google Harry Mann
Very nice 70! RED, convertible, BB, RED!
You might be surprised at the value of the front licence plate frame! Google Harry Mann
#18
Racer
Ca ls5
I have a 1970 454 convertible. It was purchased new by my parents in the Los Angeles area, they sold it to my oldest sister when their health prohibited the excitement of the drive. I purchased it from my brother-in-law after my sister passed away unexpectedly. I just don't use it and it seems a shame to have it locked away. I drive it just enough to keep the engine from deteriorating, but probably less than 300mi/yr. I had the engine checked and new hoses, engine flush, change this, that and the other when I got it. It goes to a local vintage car mechanic regularly for annual oil/fluid changes. It has been garaged it's whole life, only been in the rain once, never in the snow. All original, paint, black conv. top, black leather interior, p/s, p/b, p/windows. It was slalomed in it's early life, in a stock class -- mom won trophies and was class Women's champion in this beauty multiple years back in the 70's. I am in Santa Barbara (100 mi north of LA). I would like to sell it, but am not willing to give it away.. Was appraised at $40 when I got it 10 years ago, any ideas where I can get a current value? --Kathleen
Until you do that, many folks might assume the old "if it sounds too good to be true"....etc... Any photos of your Mom racing, smiling and holding up a trophy, working under the hood, things like that will boost the value. Also, auctions have exploded across the nation. It should be easy to find an established auction within driving distance of where you live. You might shop the car with Corvette Mike in Anaheim. You may not like his price, but it's a start and another ingredient in the recipe to sell the car. It is certainly a desirable car. And as people have birthdays, these C-3 high compression big blocks are started to rapidly climb in value. People with discretionary income that desire these C-3's are probably more numerous now than the mid year crowd. Good luck and thanks for the story of a super car and a Super Mom.
#20
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Hi jr,
Looks like the poster hasn't visited since the last post.
Interesting car!
?
Regards,
Alan
Looks like the poster hasn't visited since the last post.
Interesting car!
?
Regards,
Alan