Value, Again '64
Le Mans Master
Joined: Jul 2003
Posts: 6,808
Likes: 24
From: Westport CT
For me, it's not about investment potential, it's about what I could buy for the same amount of money you will have into this car when you are all done. And that, my friend, would be a very schaweeet original engine 64, I'd venture to say you could pick up an L76 original engine driver with a very presentable paint and interior for the same amount of money that you would be into this bad boy.
Let someone else do the resto, and then buy it from them.
Let someone else do the resto, and then buy it from them.
Le Mans Master
Joined: Nov 2004
Posts: 7,850
Likes: 142
From: Tampa, Fl.
ths current owner is plagued with the same problem that most folks seem to have...they own a vette and, while not really in touch with the hobby, hear about outrageous pricing and, there ya go,...big money on car. do a fleabay search on completed 64 vettes, several really sharp ones recently sold righteously...esp a black coupe.
Drifting
Joined: Oct 2005
Posts: 1,421
Likes: 6
From: Cortes Island, BC
I'd have a reeeeeealy close look at the frame and birdcage before even talking dollars. I'd also get the engine running and confirm that there are not major issues. As others have said, you'll end up replacing a lot of stuff along the way, but you don't want to loose those serial numbers. Otherwise, you'd be better off in a different car.
Also, are you looking for a project or something to drive semi-regularly? If you're not looking for a driver, then I'd probably keep looking.
Happy New Year!
Also, are you looking for a project or something to drive semi-regularly? If you're not looking for a driver, then I'd probably keep looking.
Happy New Year!
Thread Starter
Racer
Joined: Aug 2005
Posts: 480
Likes: 2
From: Maryland
I'd have a reeeeeealy close look at the frame and birdcage before even talking dollars. I'd also get the engine running and confirm that there are not major issues. As others have said, you'll end up replacing a lot of stuff along the way, but you don't want to loose those serial numbers. Otherwise, you'd be better off in a different car.
Also, are you looking for a project or something to drive semi-regularly? If you're not looking for a driver, then I'd probably keep looking.
Happy New Year!
Also, are you looking for a project or something to drive semi-regularly? If you're not looking for a driver, then I'd probably keep looking.
Happy New Year!
Drifting
Joined: Apr 2005
Posts: 1,743
Likes: 0
From: Hawaii
I'd have to agree with Jackster's comments above. This is a project car and sitting untouched for all these years is not always a good thing. Expect spending tons of money and time to bring this baby back to life. If you have the time and money then make an offer you're comfortable with. Only you can put a $$ number on what she's worth. An added bonus is if you actually enjoy spending the time and money in the transformation. To me it's much less stressful to purchase a running car that comes closest to what I expect the end result to look like.
Good Luck
Good Luck
Le Mans Master
Joined: Apr 2006
Posts: 7,033
Likes: 603
From: Limerick Pa
My offer was what I really thought. Its an OK car from what you can see,its a 64, it needs tons of work. I uderstand alot of labor is free for some of us but little things add up. Paint, tires, interior, all rubbers, gas tanks, engine rebuild, all sorts of stuff. I think for 18k plus its a good deal, for 30K its way to much, with some searching you can buy alot more in a 64 already done and drive it now.
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Safety Car
Joined: Jun 2000
Posts: 4,711
Likes: 552
From: St. Louis MO
2020 Corvette of the Year (appearance mods)
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CI 2-3-4-5-6-7-9-10-11 Vet
Why was it parked 17-18 years ago? Engine? Transmission? Rear end? High insurance? Lost drivers licenses? No Money? or ????
I would like to know the exact reason why someone would park a car like that?
George
I would like to know the exact reason why someone would park a car like that?
George
Instructor
Joined: Jul 2007
Posts: 231
Likes: 1
From: Clear Lake Texas
I agree with the look it over well. I bought my 66 vert this past summer for 20k and test drove it and then drove it home... I already have a another 5k at least in it and plan on spending another 10 before I'm satisfied. The good news is there is no rust anywhere... Just a hidden hole in the floorboard.. I never look at a car as an investment... I've lost so much on my Avalanche in the past 3 years...
Drifting
Joined: Nov 2003
Posts: 1,645
Likes: 65
Before I would make ANY offer, I would get the car out of the garage/storage area and make a thorough inspection/evaluation of the entire car. To many things to inspect with all the junk in, under and around the car to make an honest appraisal. I would require the seller to clear everything out of the way, too many distractions in my mind. 
If the bird cage and frame are solid, you are looking at a minimum of $5k without paint to put it on the as a road reliable driver, if you do the work yourself. Paint is your call, offer him a number based on where you want the car to end up after restoration.
Last edited by tentuna; Jan 1, 2008 at 09:35 AM.
Race Director
Joined: Jun 2006
Posts: 17,901
Likes: 751
From: Inverness FL
St. Jude Donor '07
Bill
Team Owner
Joined: Oct 2000
Posts: 38,897
Likes: 1,926
From: Washington Michigan
Although it has great patina as a semi-original car, there are a LOT of hidden unkowns in the mechanicals - engine, transmission, rear end, cooling system (radiator), brakes, etc.; it could cost $10K or more to just make it driveable. I'd offer $20K and walk away if that isn't enough, unless you want to spend a lot of money (and time) making it safe and reliable. For what you'd spend to drive it, you can buy one that's already up and running. Your call.
Thread Starter
Racer
Joined: Aug 2005
Posts: 480
Likes: 2
From: Maryland
Although it has great patina as a semi-original car, there are a LOT of hidden unkowns in the mechanicals - engine, transmission, rear end, cooling system (radiator), brakes, etc.; it could cost $10K or more to just make it driveable. I'd offer $20K and walk away if that isn't enough, unless you want to spend a lot of money (and time) making it safe and reliable. For what you'd spend to drive it, you can buy one that's already up and running. Your call.