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Question About Value

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Old 03-23-2012, 07:56 PM
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HouTex1964Vert
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http://dallas.craigslist.org/ndf/cto/2873052189.html

This is an NOM car. Everything works. Paint is an 8/10. Interior is 8/10. Frame is great. Said he'd take $44K. Does this seem high for an NOM car? It seems a little on the high side to me. Your thoughts are appreciated.
Old 03-23-2012, 08:00 PM
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jkuzzy
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Looks nice to me. The market is so crazy that I can't tell anymore what is good or not for value. I wish I had the time this weekend to look at it for you.
Old 03-23-2012, 09:24 PM
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vettebuyer6369
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"What's it worth?" threads belong in General...
Old 03-23-2012, 10:02 PM
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Dan Hampton
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My read is that you can buy a comparable car with the OEM motor for about the same price. High $30s would be more realistic.
Old 03-23-2012, 10:34 PM
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HouTex1964Vert
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Originally Posted by Dan Hampton
My read is that you can buy a comparable car with the OEM motor for about the same price. High $30s would be more realistic.
High 30's is what I had in mind.
Old 03-23-2012, 11:08 PM
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Nitrodamus
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There used to be a huge price difference between Corvettes with/without original engines. Then the market was flooded with re-stamped engines and companies willing to re-stamp engines. It was a big business to fool buyers and make money. Then in the 90's dealers like ProTeam (always ready to make more profit) raised the prices on NOM to where it matched those with the original engine.

At one point I would have preferred a NOM just because if it was claimed to be an original, it was probably re-stamped.

Now the market is so wacky it is hard to tell anymore.

JMHO, but I think the 66 you were asking about is over-priced and will need a lot of freshening.
Old 03-24-2012, 01:53 AM
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Originally Posted by Nitrodamus
There used to be a huge price difference between Corvettes with/without original engines. Then the market was flooded with re-stamped engines and companies willing to re-stamp engines. It was a big business to fool buyers and make money. Then in the 90's dealers like ProTeam (always ready to make more profit) raised the prices on NOM to where it matched those with the original engine.

At one point I would have preferred a NOM just because if it was claimed to be an original, it was probably re-stamped.

Now the market is so wacky it is hard to tell anymore.

JMHO, but I think the 66 you were asking about is over-priced and will need a lot of freshening.
NOM prices do not "match those with original engines" in any corner of the market.

Different people have concerns about restamps and that may show up in peoples anxiousness about buying the big money cars without docs, but in general an NOM shouldnt be anywhere near an original motor car's price.
Old 03-24-2012, 01:43 PM
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Dan Hampton
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Originally Posted by Nitrodamus
There used to be a huge price difference between Corvettes with/without original engines. Then the market was flooded with re-stamped engines and companies willing to re-stamp engines. It was a big business to fool buyers and make money. Then in the 90's dealers like ProTeam (always ready to make more profit) raised the prices on NOM to where it matched those with the original engine.

At one point I would have preferred a NOM just because if it was claimed to be an original, it was probably re-stamped.

Now the market is so wacky it is hard to tell anymore.

JMHO, but I think the 66 you were asking about is over-priced and will need a lot of freshening.
My general feeling about restamps is that the incidence isn't as nearly prevalent with base engine cars, as it is with SHP engines and, especially, big block cars. I still think it is a variable that one needs to consider when purchasing a C1/C2. Personally, I would discount any car without the OEM engine. If I don't, a subsequent purchaser will--mark my words.

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