C3 General General C3 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

Car Values

Thread Tools
 
Search this Thread
 
Old 08-31-2015, 06:30 PM
  #1  
Torqued Off
Le Mans Master
Thread Starter
 
Torqued Off's Avatar
 
Member Since: May 2008
Posts: 8,951
Received 2,673 Likes on 1,408 Posts
2022 C3 of the Year Finalist - Modified

Default Car Values

Gone

Last edited by Torqued Off; 09-01-2015 at 05:02 AM.
Old 08-31-2015, 06:47 PM
  #2  
dar322
Burning Brakes
 
dar322's Avatar
 
Member Since: Oct 2007
Location: Crystal Lake IL
Posts: 1,086
Received 21 Likes on 19 Posts
St. Jude Donor '12-'13

Default

thx for enlightening me.
Old 08-31-2015, 06:53 PM
  #3  
mike48750
Pro
 
mike48750's Avatar
 
Member Since: Aug 2014
Location: Oscoda Michigan
Posts: 508
Received 59 Likes on 52 Posts
Default

hummmm.

Last edited by mike48750; 09-01-2015 at 06:54 AM.
Old 08-31-2015, 06:53 PM
  #4  
Syl1953
Pro
Support Corvetteforum!
 
Syl1953's Avatar
 
Member Since: Apr 2014
Location: Orlando, Dundee, Val-des-Monts PQ
Posts: 610
Received 182 Likes on 124 Posts

Default

Wow!
Old 08-31-2015, 07:40 PM
  #5  
sullyman56
Drifting
 
sullyman56's Avatar
 
Member Since: Nov 2013
Location: Scottsdale Arizona
Posts: 1,523
Received 272 Likes on 198 Posts

Default

I don't consider my rubber bumper 77 to be a "total pile of junk" either. I bought it three years ago for $ 3500 and haven't really had to spend much money. So far I've replaced the radiator, radiator hoses, new tires, had Lars rebuild my quadrajet and he did a great job on it, replaced the valve seals as they had disappeared and restored the interior. I ended up spending over 5 k if you add in the purchase price, but I'm not anywhere near 20k. It can happen and I didn't have to con the guy into selling it so cheap. I ended up with an Arizona car with no rust on the frame or birdcage and it's a matching numbers L48 with a 4 speed. Oh, I forgot about the dual exhaust system that I put on. Still nowhere near 20k. The 68 convertible I'm restoring is another story. Don't even want to say how much I've spent so far and it's still pretty much disassembled. It's just an enjoyable pastime. Right?
Old 08-31-2015, 08:05 PM
  #6  
Freddy76
Racer
 
Freddy76's Avatar
 
Member Since: Jan 2013
Location: Florida New York
Posts: 287
Received 16 Likes on 14 Posts

Default

I love my rubber bumper car. I couldn't care less what anybody thinks or says about it. It's mine and I enjoy working on it and most of all driving it.
Old 08-31-2015, 11:31 PM
  #7  
Jammers
Heel & Toe
 
Jammers's Avatar
 
Member Since: Nov 2011
Location: Wilmington North Carolina
Posts: 19
Received 0 Likes on 0 Posts
Default

It seems if you want a car "better than Chevy built" you will have to pay really top dollar.
If you buy a car that needs a ton of work you are gonna spend top dollar to get it "better than Chevy built", but if you sell it you'll take a massive loss.

Seems the best thing to do is buy a decent car (7k-10k?) and do a little work here and there and just enjoy driving and working on the car.
Yea old corvettes are a lot of work. Don't want to do the work? Pay a ton of money or buy a car that isn't 35+ years old.
Old 09-01-2015, 12:44 AM
  #8  
vettebuyer6369
Administrator
 
vettebuyer6369's Avatar
 
Member Since: Jul 2000
Location: About 1100 miles from where I call home. Blue lives matter.
Posts: 51,398
Received 5,324 Likes on 2,773 Posts

Default

Originally Posted by iwasmenowhesgone
Normally the down valuing of rubber bumper cars comes from the chrome bumper crowd who think their cars are somehow better.
So, chrome bumper car owners are responsible for rubber bumper car values?
Old 09-01-2015, 02:07 AM
  #9  
Iceaxe
Safety Car
 
Iceaxe's Avatar
 
Member Since: Sep 2013
Location: Draper Utah
Posts: 4,353
Received 2,608 Likes on 1,394 Posts

Default Car Values

Nice meltdown.
Old 09-02-2015, 10:27 AM
  #10  
revival1
Instructor
 
revival1's Avatar
 
Member Since: Jun 2007
Location: Coral Springs Florida
Posts: 147
Received 41 Likes on 21 Posts

Default

I have a 1969 but love all C3 corvettes.
Lori
Old 09-02-2015, 10:41 AM
  #11  
derekderek
Race Director
 
derekderek's Avatar
 
Member Since: Jul 2015
Location: SW Florida.
Posts: 13,022
Received 3,388 Likes on 2,633 Posts
Default

So where did the orig post go?
Old 09-02-2015, 10:43 AM
  #12  
BBCorv70
Melting Slicks
 
BBCorv70's Avatar
 
Member Since: Apr 2007
Location: Tolland CT
Posts: 3,177
Received 107 Likes on 90 Posts

Default

Originally Posted by derekderek
So where did the orig post go?
OP deleted it...
Old 09-02-2015, 12:53 PM
  #13  
Tooonz
Burning Brakes
Support Corvetteforum!
 
Tooonz's Avatar
 
Member Since: Oct 2013
Location: Sutton MA
Posts: 992
Received 27 Likes on 23 Posts
Default

Humans as a species love to use something a reference point to value themselves above another. In my short time in this corvette world it has appeared that the presumption of a metal bumper with Chrome somehow makes for a better corvette. OK i can see the draw. but seriously? can't imagine that chrome bumper owners have that much power over the values. I also have a hard time fathoming the past 42 years of corvettes are diminished by a non chrome bumber. especially on a totally fiberglass car
Old 09-02-2015, 05:11 PM
  #14  
derekderek
Race Director
 
derekderek's Avatar
 
Member Since: Jul 2015
Location: SW Florida.
Posts: 13,022
Received 3,388 Likes on 2,633 Posts
Default

chrome owners have NO say over the values of our rubber cars. if anything, their holding out for better prices is helping the values of our 74-up cars. it is the future owners who would rather buy 68-73s that are devaluing our cars. my 75; paint is a 9, int a 8, frame-cage 8.5. well taken care of always garaged. new parts all over it. if i could find a 72-older that doesn't need frame replaced i would probably trade in a heartbeat...
Old 09-02-2015, 09:07 PM
  #15  
Faster Rat
Melting Slicks

 
Faster Rat's Avatar
 
Member Since: May 2009
Posts: 2,961
Received 204 Likes on 145 Posts

Default

Originally Posted by derekderek
chrome owners have NO say over the values of our rubber cars. if anything, their holding out for better prices is helping the values of our 74-up cars. it is the future owners who would rather buy 68-73s that are devaluing our cars.

Congratulations Derek...we have a winner! The mere perception of value can have a serious affect on actual market value. It works with anything, not just classic cars.

Here is a picture of me with my first, a 75 that was bought used in 76...for around $5k. I only had to wait another 28 years to be able to afford a 427 with side exhaust. Of course, I was not born in the "I want it all and I want it now" generation. Evidently you were not either.
Attached Images  
Old 09-02-2015, 10:04 PM
  #16  
MrJlr
Race Director
 
MrJlr's Avatar
 
Member Since: Feb 2006
Location: Chino CA
Posts: 12,239
Received 13 Likes on 10 Posts

Default

I sold my 74 in 1 week on Craigslist for $20k


Market seems pretty good to me.......
Old 09-03-2015, 06:40 AM
  #17  
derekderek
Race Director
 
derekderek's Avatar
 
Member Since: Jul 2015
Location: SW Florida.
Posts: 13,022
Received 3,388 Likes on 2,633 Posts
Default

it is amazing really the disparity in values across the C3 line. there was this L88 i think at Carlysle for 600,000. i could put a whole lot of parts from my 75 on that car, including the frame itself. and i got mine for the same price...minus 2 zeros. is that car really worth 100 of mine?

Get notified of new replies

To Car Values

Old 09-03-2015, 08:19 AM
  #18  
Faster Rat
Melting Slicks

 
Faster Rat's Avatar
 
Member Since: May 2009
Posts: 2,961
Received 204 Likes on 145 Posts

Default

Originally Posted by derekderek
it is amazing really the disparity in values across the C3 line. there was this L88 i think at Carlysle for 600,000. i could put a whole lot of parts from my 75 on that car, including the frame itself. and i got mine for the same price...minus 2 zeros. is that car really worth 100 of mine?
Yes. Same reason a 2 bedroom house in Detroit can be had for 10k and the same house in LA goes for a million. The law of supply and demand applies to everything. I heard this Wayne character on Chasing Classic Cars say something like "It's nice to have something that others want and can't have." I have had the good fortune of being allowed to drive a real '67 L88 (they are selling for almost $4 million now) and possibly the lowest mileage, unrestored, real '68 L88 and let me tell you, I would rather drive my '69 L36...which some know-it-all racers on this forum refer to as a "lump" or "junkyard truck" motor. Massaged to over 500 torque at 3125 rpm, it will blow most minds coming out of the hole. At least I don't have to worry about it overheating in traffic, paying $12 per gallon for race fuel, or some idiot rear ending me while sending that all important text message.

The point I keep trying to make about C3 values is that "a rising tide lifts all boats" and we should all talk up the value of our cars...for no other reason than to just keep pace with inflation. If you can't increase your income, you better find a way to own things that will go up in value. Money in the bank at 0.3% interest is not one of them.

I came up with the name "Faster Rat" because of my father, not because I think my car is faster than others. I am not into that. My dad quit working early and he was quite poor by today's standards. When I asked him why, he said "they're building faster rats." He felt that he could no longer compete with the younger crowd...to get that piece of cheese at the end of the maze.

Last edited by Faster Rat; 09-03-2015 at 08:36 AM.
Old 09-03-2015, 08:57 AM
  #19  
bj1k
Le Mans Master
 
bj1k's Avatar
 
Member Since: May 2006
Location: Pittsburgh suburbs (Cabot ) Pa.
Posts: 5,743
Received 375 Likes on 293 Posts

Default

It's not just the corvettes that are being affected by the lack of chrome and the chrome bumper Corvettes and many of the other sport type cars are perceived as the last of the true classics . Some people still love the rubber bumper cars and I include myself in that group , they are all real Corvettes as long as they were built before 1984 .
Old 09-03-2015, 09:19 AM
  #20  
dtamustang
Pro
 
dtamustang's Avatar
 
Member Since: Nov 2007
Location: hernando fl
Posts: 707
Received 95 Likes on 45 Posts

Default

is it any wonder that c3s are not worth what other cars of the same era are worth , when all you read on the internet is .....the brakes are junk , trailing arms are a nightmare , 10,00.00 for a decent paint job , a/c is worthless , if it not numbers matching its worth 20-50% less , parts are overpriced , they parts you buy don't fit , suspension needs to be upgraded , they all overheat unless you buy an aluminum radiator and the list goes on and on. people read this kind of stuff and get a really bad impression of the cars and are understandably reluctant to put any money in one.


Quick Reply: Car Values



All times are GMT -4. The time now is 05:04 AM.