Notices
C4 General Discussion General C4 Corvette Discussion not covered in Tech

Have you ever felt you made a mistake??

Thread Tools
 
Search this Thread
 
Old 11-24-2013, 12:24 PM
  #1  
nascar03kc
Advanced
Thread Starter
 
nascar03kc's Avatar
 
Member Since: Oct 2013
Location: napa ca
Posts: 92
Likes: 0
Received 0 Likes on 0 Posts
Default Have you ever felt you made a mistake??

I bought this 85 for $1800 thinking I'd take it home, get it running right and I'd flip it. It ran terrible and needed paint. SO I THOUGHT. I got it home, started tinkering and found I really liked it. I tore out the dash to the firewall because the blend box didn't work. Found the dash cut in half by some hack I can only assume didn't know how to do a heater core. So, I rebuilt it, new foam, vacuum valves, everything. Played around with different techniques to repair plastic dashes and found something that worked exceptionally well and fixed it. went through EVERYTHING inside and around the dash repaired as needed. Repaired electrical issues, removed crimps, soldered, heat shank wiring, stripped all interior plastic and prepped for paint, lots of stuff. At this point I should tell what I found engine wise, water in the fuel, drained and dried the tank, new pump, filter, injectors, R&R the fuel rails, cleaned them, new rubber boot and fuel system worked. BUT car still doesn't run right when in closed loop. So back to my story; stripped the interior to the carpet, repaired the messed up door innards on both doors. found replacement door panels, (thanks NUTZ4c4 ) but SOOOO MUCH else to do AND the paint. (and then depression hit) I'm ready to box this thing up and get rid of it. I reach the point of "what did I do. I knew it might take a while, I've built cars in the distant past, but I don't see an end. I Feel like I need a psychiatrist or maybe suicide hotline. LOL! Money is tight with 4 kids, but EVERYTHING repaired so far is mainly just time, maybe $600 invested in parts. So I need some words of wisdom and yes I'm a big boy I can take it, maybe; was it stupid to do this or does everyone go through this with these c4 corvette builds? My 68 was a mess, but it came out nice. Of course that was 40 years and no wife and kids ago. OK I'm done. Thanks for listening. KC
Old 11-24-2013, 12:48 PM
  #2  
FASTAZU
Race Director

 
FASTAZU's Avatar
 
Member Since: Feb 2002
Location: Compound in the Grove, Ga.
Posts: 11,329
Received 910 Likes on 583 Posts
2020 C3 of the Year Finalist - Unmodified
2019 C4 of Year Finalist (performance mods)
2018 C4 of Year Finalist
2015 C4 of the Year Finalist
St. Jude Donor '16
2020 C3 of the Year Finalist - Unmodified

Default

Sounds like its time to step back and take a break, just let it sit awhile and come back later.
Old 11-24-2013, 12:54 PM
  #3  
ColaBear
Burning Brakes
 
ColaBear's Avatar
 
Member Since: Jan 2012
Location: Gilbert AZ
Posts: 1,191
Received 150 Likes on 119 Posts
2018 C1 of Year Finalis4

Default

It’s good to have a plan. When I got mine, clean up and fix the oil leaks first. Now that that’s done, I moved on to the suspension (shocks, bearings and bushings). After that I will work on fixing up the interior. It’s taken 2 years to get to this point. Little by little, it gets better with every fix, one at a time.
Old 11-24-2013, 12:59 PM
  #4  
Greg Gore
Le Mans Master
 
Greg Gore's Avatar
 
Member Since: Oct 2004
Location: CLT, North Carolina
Posts: 5,789
Received 17 Likes on 17 Posts

Default

I would say many of us have been there and done that, I got over my head with a project 96 that also needed everything. After a few thousand into it and car all apart everywhere I got to where I began to feel overwhelmed by all the work that was needed and realized I've got to consider whether there was a positive side of it. I began to change my attitude and see it as going to C4 school which provided knowledge and experience I could not have gotten any other way. I can look at a potential purchase now and size it up fairly quickly and you will too. This is the kind of experience which leads to advice many here will be quick to offer: "Be careful of "Corvette Fever" and don't buy the first car you see." The problem is unless you've been through it you will not really know what it means.

I would leave the project alone for now and take some time to think about it and assess where you are with it. Do you decide to keep the car for yourself and finish the project or cut your losses and sell it as-is. As for me I probably should have cut my losses because although I finished the car and it is nice now I would have been much better off to invest that much time and money in a ZR1 or LT4 convertible instead.
Old 11-24-2013, 01:10 PM
  #5  
Yellowgreenwood
Advanced
 
Yellowgreenwood's Avatar
 
Member Since: Aug 2013
Posts: 63
Likes: 0
Received 0 Likes on 0 Posts
Default

Trying to consistently make money from flipping low priced cars is ALWAYS a gamble. Price you paid sounds good, but depends on quality. $1800 initial plus a paint job (big range of cost here), and for as little as 85s sell for, mechanics and interior would have to be in pretty good shape. And there is always the timing of sale. Feb-Apr is best time to sell a hobby car.
Sometimes you have to take a step back and weigh in your labor/free time that you are giving up.
GLWS.
Old 11-24-2013, 01:52 PM
  #6  
ch@0s
Le Mans Master
 
ch@0s's Avatar
 
Member Since: Oct 2008
Location: Houston Texas
Posts: 9,758
Received 38 Likes on 32 Posts

Default

Look at it as a hobby and not a car. It sounds like you don't need it. So look it over and make a plan. Do you want to drive it while you work on or do all the cosmetics then the engine? I like to get them running then slowly fix everything else.

Last edited by ch@0s; 11-24-2013 at 02:07 PM.
Old 11-24-2013, 02:19 PM
  #7  
Firemanray
Pro
 
Firemanray's Avatar
 
Member Since: Jul 2013
Location: Republic of Texas !!!
Posts: 568
Likes: 0
Received 0 Likes on 0 Posts
Default

I was there on my last C-4, six years ago. I bought an '84 on the cheap and fixed it up. I had an offer on a trade that put me in the +$+$ so I bailed out. I missed the car ever since. This time I was going to do it all over again until I found my '96. It was way over my budget but it needed NOTHING to be a great driver. I had my wife with me at the purchase and she mentioned that my "purchasing budget" did not include what I would spend fixing it up. Smartest money I've spent on a toy yet.
Having said all that it comes down to what you like to do, tinker with your toy or drive your toy? No wrong answer here it comes down to time and personal satisfaction. As others have said step away for a bit, if you start missing it, go for it! If you continually feel relief by not pushing to finish it, sell!
Old 11-24-2013, 02:48 PM
  #8  
Jerry Roubos
Instructor
Support Corvetteforum!
 
Jerry Roubos's Avatar
 
Member Since: Feb 2012
Location: Hemet California
Posts: 216
Likes: 0
Received 1 Like on 1 Post
Default

NASCAR, what a good find! You have made lots of progress and it sounds like it didn't cost a bunch.
You purchased a hobby car, people that purchase 20+year old cars should expect lots of projects. I have restored old cars for almost 50 years and I will tell you from experience that everything changed in respect to the ease of restoration during the 1970s. Things really changed when the 1984 Corvette arrived on the seen, it is called electronics, which makes repair and restoration more difficult. Before 1970 you needed a bunch of wrenches and a VOM and you could do almost anything. I had a 1968 Vette and it was a piece of cake to work on compared to my 1986.
I find it very challenging and rewarding to work on my 1986 Corvette because it has forced me to learn a whole new skill set- ELECTRONICS.
Get rid of your car if you are not looking for a hobby, if you are I congradulate you on a good find and wish you much enjoyment.
My advice, take it one day at a time, one project at a time. Divide what you have to do into small projects and look at what you have accomplished not at how much still has to be done.
Old 11-24-2013, 04:09 PM
  #9  
okinawa86vette
Drifting
 
okinawa86vette's Avatar
 
Member Since: Jan 2002
Location: Las Cruces NM
Posts: 1,606
Likes: 0
Received 1 Like on 1 Post

Default

Honestly, for only having about $2400 bucks in, I would slap it back together so it looks like a whole car and sell it. I know everyone's saying to stick with it, but you said this was a car to flip, not something your doing for yourself.

I won't touch a vette between '73 and '95 that needs paint....ones with good paint that run decent are selling for less than what an average strip/paint job costs unless you're doing all the body work yourself. But even then, how much is your time worth?

There's enough cheap good ones out that it's tough to make much money them. I did it once with an '86 I got for $2200 about 5 years ago, but it had good paint. It just needed new carpet, seat covers, and some trim in the interior. A few mechanical things needed work, but nothing I haven't done several times. Still, my clutch master cylinder and slave cylinder failed on the way home from CA, so there was some money I wasn't expecting.

I ended up making about $1000 on it when I sold it a few months later and it was a nice car when I was done, but the amount of time I had to spend on it wasn't worth it at 5 bucks an hour or less.

There's just not enough resale value in these cars to make them good flips unless you can do all the work, especially paint, yourself and you have plenty of time.

Chris
Old 11-24-2013, 09:31 PM
  #10  
Greg Gore
Le Mans Master
 
Greg Gore's Avatar
 
Member Since: Oct 2004
Location: CLT, North Carolina
Posts: 5,789
Received 17 Likes on 17 Posts

Default

Good point Chris! nascar03kc... will it slap back together again without having to shell out more $$ to get it running and driving again?
Old 11-24-2013, 09:54 PM
  #11  
jsdomino
Instructor
 
jsdomino's Avatar
 
Member Since: Jun 2006
Location: Cave Creek Arizona
Posts: 175
Likes: 0
Received 1 Like on 1 Post

Default

I felt like I made a mistake once, but I was wrong.
Old 11-24-2013, 10:57 PM
  #12  
PLRX
Team Owner

 
PLRX's Avatar
 
Member Since: Aug 2005
Location: Riverside County Southern California
Posts: 34,988
Received 501 Likes on 342 Posts
Co-winner 2020 C4 of the Year - Modified
2018 Corvette of Year Finalist
2017 C4 of Year
2016 C7 of Year Finalist
St. Jude Donor '09-'10-'11-'12-'13-'14-'15-'16-'17-'18-'19-'20


Default

The mistake I would love to erase or to travel back in time to stop me from making it was marriage.

Marriage got to be invented by women long time ago as a way to punish men.
Old 11-24-2013, 11:40 PM
  #13  
NuckinFutz93
Drifting
 
NuckinFutz93's Avatar
 
Member Since: Sep 2012
Location: Murphy NC
Posts: 1,284
Likes: 0
Received 2 Likes on 2 Posts
Default

Originally Posted by PLRX
The mistake I would love to erase or to travel back in time to stop me from making it was marriage.

Marriage got to be invented by women long time ago as a way to punish men.



It's only a mistake if you don't learn anything!
Old 11-25-2013, 07:56 AM
  #14  
Ranman#1
Instructor
 
Ranman#1's Avatar
 
Member Since: Sep 2013
Location: Hamilton Ontario
Posts: 154
Likes: 0
Received 1 Like on 1 Post
Default

I had the same idea when I bought my 85 earlier this year. got it for a song but it needed some TLC. during the resto I found out how much I have enjoyed it now I want to keep it. I also learned there is not much of a market for C4's so I am might as well keep it and enjoy it. So as Nuck says, I have learned so much while doing this so I could never call it a mistake.
Old 11-25-2013, 02:07 PM
  #15  
2HIP4U
Burning Brakes
 
2HIP4U's Avatar
 
Member Since: Jun 2001
Location: Butler PA
Posts: 844
Likes: 0
Received 7 Likes on 6 Posts

Default

KC -- is there a Corvette club near you? You might be able to get expert help for nothing. Many Corvette guys love the hobby and are willing to help. Hard parts are another issue. They are usually expen$ive and/or hard to find....

Just a thought.

Old 11-25-2013, 08:01 PM
  #16  
Greg Gore
Le Mans Master
 
Greg Gore's Avatar
 
Member Since: Oct 2004
Location: CLT, North Carolina
Posts: 5,789
Received 17 Likes on 17 Posts

Default

Anybody have any success flipping C4s? You'd have to be a pretty sharp buyer and as complex as C4 is miss seeing a couple of big items and you'd be done pretty quick.
Old 11-25-2013, 08:34 PM
  #17  
chstitans42
TheCorvetteBen
Support Corvetteforum!
 
chstitans42's Avatar
 
Member Since: Feb 2007
Location: Van Alstyne, TX
Posts: 4,984
Received 136 Likes on 74 Posts

Default

Originally Posted by Greg Gore
Anybody have any success flipping C4s? You'd have to be a pretty sharp buyer and as complex as C4 is miss seeing a couple of big items and you'd be done pretty quick.
I think this was mistake number one for the OP. It is very difficult to flip a C4. Most parts are expensive, and the end value is just not there, especially considering the early ones.

Get notified of new replies

To Have you ever felt you made a mistake??

Old 11-25-2013, 09:17 PM
  #18  
shawn 84&92
Burning Brakes
 
shawn 84&92's Avatar
 
Member Since: Sep 2004
Location: Arkansas
Posts: 1,097
Received 18 Likes on 17 Posts

Default

I buy and flip some cars, but only if they run, drive and look decent.

it is a risk on each one I buy, but as long as I stay ahead I feel good about it. My last "mistake" was my 3rd Porsche that I bought to flip. It was a 944S, I did belt service and all maintenance, as I ended up wanting to keep it. It ended up breaking a valve spring which would have meant putting in a lot more money. I sold it at a loss, but I don't regret it.

We all make mistakes, I say cut it loose and look for another one later.
Old 11-25-2013, 09:39 PM
  #19  
85corvettec4
Drifting
 
85corvettec4's Avatar
 
Member Since: Aug 2013
Location: Everett Washington
Posts: 1,463
Likes: 0
Received 0 Likes on 0 Posts
Default

I'm going to enjoy mine as long as possible then put cash on top for a c3.
Old 11-25-2013, 09:55 PM
  #20  
PLRX
Team Owner

 
PLRX's Avatar
 
Member Since: Aug 2005
Location: Riverside County Southern California
Posts: 34,988
Received 501 Likes on 342 Posts
Co-winner 2020 C4 of the Year - Modified
2018 Corvette of Year Finalist
2017 C4 of Year
2016 C7 of Year Finalist
St. Jude Donor '09-'10-'11-'12-'13-'14-'15-'16-'17-'18-'19-'20


Default

Originally Posted by NuckinFutz93



It's only a mistake if you don't learn anything!
I learned a great lesson.

STAY SINGLE


Quick Reply: Have you ever felt you made a mistake??



All times are GMT -4. The time now is 05:37 PM.