[C2] Barn find - fair value please
#1
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Thread Starter
Barn find - fair value please
Hi guys,
I look at this project car for a while https://www.2ememain.be/autos/chevro...421316513.html
I think it could be very nice if I can work later on it with my son (currently 6 months so I'm not hurry up to achieve it) and my father, its just like a dream
But most of people think its a very bad idea , but honestly I dont care about drivint it, most important is wrench it and learn things with family boys.
I already have a nice c2 unmollested, for this barn, my idea is just doing what I cant do on the current one. I dont care about correct paint, correct interior trim, original trans/engine.. just working on it and doing a nice looking car.
the guy is asking the equivalent of 20K USD, do you think is a fair value ? here in europa its very rare to find this kind of barn..
I know maybe there too many unknown paramters but lets assume birdcage and frame is good but engine is seized.
I look at this project car for a while https://www.2ememain.be/autos/chevro...421316513.html
I think it could be very nice if I can work later on it with my son (currently 6 months so I'm not hurry up to achieve it) and my father, its just like a dream
But most of people think its a very bad idea , but honestly I dont care about drivint it, most important is wrench it and learn things with family boys.
I already have a nice c2 unmollested, for this barn, my idea is just doing what I cant do on the current one. I dont care about correct paint, correct interior trim, original trans/engine.. just working on it and doing a nice looking car.
the guy is asking the equivalent of 20K USD, do you think is a fair value ? here in europa its very rare to find this kind of barn..
I know maybe there too many unknown paramters but lets assume birdcage and frame is good but engine is seized.
#2
Le Mans Master
Put me in the group that thinks this is a very bad idea. Your assumption that the birdcage is good could very likely be a huge mistake.
I can't imagine how anyone but you can determine whether $20K is fair value for this pile. I can say with certainty that it would not be for me.
I can't imagine how anyone but you can determine whether $20K is fair value for this pile. I can say with certainty that it would not be for me.
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eblood (07-27-2018)
#3
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St. Jude Donor '07
NEVER assume the frame and birdcage is good.... NEVER
having said that, it will be a 'money pit' no matter what and in the US "I" wouldn't pay no more than $12-$15K, and would cringe at that.....
and having said that, I wanted my 62 so badly back in 1976 that I paid way too much for it (and it was a bucket of crap....) I made a rookie emotional poor decision, but it has provided me years of tinkering and driving pleasure and over the years the costs didn't matter....
so, the price is too high; but your heart is what is going to guide you; your head already knows it's a bad deal... and that I can't provide you guidance on....
Bill
Last edited by wmf62; 07-27-2018 at 06:29 AM.
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#4
Melting Slicks
Price is not horrible but If you are not at minimum a "B" mechanic with a lift it may be a bad idea.
If you insist on buying it you need to be certain that the motor is not seized, the frame is solid and the bird cage is not swiss cheese and it come with docs that clearly convey correct ownership to you.
If you insist on buying it you need to be certain that the motor is not seized, the frame is solid and the bird cage is not swiss cheese and it come with docs that clearly convey correct ownership to you.
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eblood (07-27-2018)
#5
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Ouch difficult to hear that.. In my mind it was already in my garage wrenching on it but your wisdom is the best advice.
its so difficult here in europa to grab a barn with the project in mind to restore it with the boy.
its so difficult here in europa to grab a barn with the project in mind to restore it with the boy.
Last edited by eblood; 07-27-2018 at 07:30 AM.
#6
Drifting
You are better off to buy a C2 that is nice and in running condition for 70K Euro. You will still have the chance to wrench with your son and not totally lose your shirt.
You buy this 64 in Europe and try to do a full restoration (which it needs) and you will easily have 120K Euro possibly more tied up in a 45K Euro car...
You buy this 64 in Europe and try to do a full restoration (which it needs) and you will easily have 120K Euro possibly more tied up in a 45K Euro car...
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eblood (07-27-2018)
#7
Team Owner
The cost of getting enough parts sent overseas to get that thing roadworthy alone would be daunting....
If you want to make a small fortune restoring that car -- start with a large fortune...
If you want to make a small fortune restoring that car -- start with a large fortune...
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#8
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Thread Starter
the aim is not really to put back this car as soon as possible on the road but wrenching , tinking on a dream car and pass on my passion to my son.
Anyway your're right I think there's a consensus and its true buying parts overseas add 50% fees to any order..
I'll keep on doing oil service on my current c2 , maybe the son will be insterested at
Anyway your're right I think there's a consensus and its true buying parts overseas add 50% fees to any order..
I'll keep on doing oil service on my current c2 , maybe the son will be insterested at
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eblood (07-27-2018)
#10
Melting Slicks
Question to OP.
Would like to know how long it took you to find a project C2 in your part of the world and if there are any others you looked at.
I think scarcity may be a big factor for you and the price point will obviously be affected if is near impossible to find another.
Proceed carefully regarding the frame, birdcage, engine, proper docs and be honest with yourself regarding your mechanical skills and lift access.
Would like to know how long it took you to find a project C2 in your part of the world and if there are any others you looked at.
I think scarcity may be a big factor for you and the price point will obviously be affected if is near impossible to find another.
Proceed carefully regarding the frame, birdcage, engine, proper docs and be honest with yourself regarding your mechanical skills and lift access.
#11
Advanced
Thread Starter
Question to OP.
Would like to know how long it took you to find a project C2 in your part of the world and if there are any others you looked at.
I think scarcity may be a big factor for you and the price point will obviously be affected if is near impossible to find another.
Proceed carefully regarding the frame, birdcage, engine, proper docs and be honest with yourself regarding your mechanical skills and lift access.
Would like to know how long it took you to find a project C2 in your part of the world and if there are any others you looked at.
I think scarcity may be a big factor for you and the price point will obviously be affected if is near impossible to find another.
Proceed carefully regarding the frame, birdcage, engine, proper docs and be honest with yourself regarding your mechanical skills and lift access.
I just want have fun tinking on it but obviously without losing my pant.. I was thinking on adding another 20K-25k to get a roadworthy car without taking care of aesthetic details.
Put a crate motor in it, new brake system, and learning how to fix fiber issues. I dont care about paint , wheels or interior trim, just wanna have fun and got skills while working on it, even if it takes 10 years.
PS : I plan buying a lift soon.
#12
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St. Jude Donor '09-'10-'11-'12-'13-'14-'15-'16-'17-'18-19-'20-'21-'22-'23-'24
Frankie beat me to it with the point that most parts will have to come from over here, adding costs at a higher rate than what it would cost even over here. Have you read posts here and seen pics about the kickups and other problem areas? A nice spray of gloss black does not mean the frame is solid - it might be, it might not be. Ditto the birdcage - sometimes good frame cars have a bad birdcage, and there are cars breaking in half with a solid bird cage.
Now the other point of view. What's the worst that can happen? You find the car is too far gone for your ability or your bank account. You may be able to sell parts. You may be able to sell the whole car. You may very well lose money, but you won't lose ALL your money. And any improvements you make in the meantime add to what you would get if you sell.
I entirely understand your desire to work on it, and have the fun and challenge of the project. I recently bought a '64 (for less than the price of yours) and I'm having a ton of fun skinning my knuckles, getting dirt and rust all over me, and fixing it up. It's not always about profit and loss. Some people pay thousands for a fishing boat and gear, some guys pour every cent into model train layouts that fill the whole basement, or brewing their own beer. If YOUR hobby and your dream is to work on this car and have fun of doing so, look at it in those term and go for it. Sometimes the journey is more fun than the destination, and you can always turn around and take a different path (sell it) if you decide you're on the wrong track.
I don't know you, I don't know the car and I am far from an expert. These guys above are spot on about the thing will need a lot of money, probably more than it will be worth when done. But if the value to you is as a project and a challenge, rather than a business investment, go for it. You will not find nearly as many project Vettes over there as you do here.
Good luck, and let us know what you decide. If you do buy it, people here have been through just about every possible part of restoration on it and can offer advice as you go along.
Now the other point of view. What's the worst that can happen? You find the car is too far gone for your ability or your bank account. You may be able to sell parts. You may be able to sell the whole car. You may very well lose money, but you won't lose ALL your money. And any improvements you make in the meantime add to what you would get if you sell.
I entirely understand your desire to work on it, and have the fun and challenge of the project. I recently bought a '64 (for less than the price of yours) and I'm having a ton of fun skinning my knuckles, getting dirt and rust all over me, and fixing it up. It's not always about profit and loss. Some people pay thousands for a fishing boat and gear, some guys pour every cent into model train layouts that fill the whole basement, or brewing their own beer. If YOUR hobby and your dream is to work on this car and have fun of doing so, look at it in those term and go for it. Sometimes the journey is more fun than the destination, and you can always turn around and take a different path (sell it) if you decide you're on the wrong track.
I don't know you, I don't know the car and I am far from an expert. These guys above are spot on about the thing will need a lot of money, probably more than it will be worth when done. But if the value to you is as a project and a challenge, rather than a business investment, go for it. You will not find nearly as many project Vettes over there as you do here.
Good luck, and let us know what you decide. If you do buy it, people here have been through just about every possible part of restoration on it and can offer advice as you go along.
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MidShark (07-27-2018)
#13
Drifting
From my perspective, that big crack across the rear deck is most problematic.
Hard to repair that area without the repair eventually showing through.
I actually saw a '63 SWC at an NCRS judged event that had a similar repair - you could see it from 20 feet away.
Otherwise you're looking at having to replace the entire roof panel on a coupe.
Hard to repair that area without the repair eventually showing through.
I actually saw a '63 SWC at an NCRS judged event that had a similar repair - you could see it from 20 feet away.
Otherwise you're looking at having to replace the entire roof panel on a coupe.
#14
Burning Brakes
Especially since you are not pressed for time, I would recommend passing on this car and expanding your search. There is an NCRS chapter in the UK, with members on the continent (I belonged to this chapter years ago and they're a good group). There's another chapter in the Netherlands. I'd recommend getting in touch with some of these folks, and they may be able to point you to some better deals.
https://www.ncrs.org/services/chapters.php
https://www.ncrs.org/services/chapters.php
#15
Advanced
Thread Starter
Frankie beat me to it with the point that most parts will have to come from over here, adding costs at a higher rate than what it would cost even over here. Have you read posts here and seen pics about the kickups and other problem areas? A nice spray of gloss black does not mean the frame is solid - it might be, it might not be. Ditto the birdcage - sometimes good frame cars have a bad birdcage, and there are cars breaking in half with a solid bird cage.
Now the other point of view. What's the worst that can happen? You find the car is too far gone for your ability or your bank account. You may be able to sell parts. You may be able to sell the whole car. You may very well lose money, but you won't lose ALL your money. And any improvements you make in the meantime add to what you would get if you sell.
I entirely understand your desire to work on it, and have the fun and challenge of the project. I recently bought a '64 (for less than the price of yours) and I'm having a ton of fun skinning my knuckles, getting dirt and rust all over me, and fixing it up. It's not always about profit and loss. Some people pay thousands for a fishing boat and gear, some guys pour every cent into model train layouts that fill the whole basement, or brewing their own beer. If YOUR hobby and your dream is to work on this car and have fun of doing so, look at it in those term and go for it. Sometimes the journey is more fun than the destination, and you can always turn around and take a different path (sell it) if you decide you're on the wrong track.
I don't know you, I don't know the car and I am far from an expert. These guys above are spot on about the thing will need a lot of money, probably more than it will be worth when done. But if the value to you is as a project and a challenge, rather than a business investment, go for it. You will not find nearly as many project Vettes over there as you do here.
Good luck, and let us know what you decide. If you do buy it, people here have been through just about every possible part of restoration on it and can offer advice as you go along.
Now the other point of view. What's the worst that can happen? You find the car is too far gone for your ability or your bank account. You may be able to sell parts. You may be able to sell the whole car. You may very well lose money, but you won't lose ALL your money. And any improvements you make in the meantime add to what you would get if you sell.
I entirely understand your desire to work on it, and have the fun and challenge of the project. I recently bought a '64 (for less than the price of yours) and I'm having a ton of fun skinning my knuckles, getting dirt and rust all over me, and fixing it up. It's not always about profit and loss. Some people pay thousands for a fishing boat and gear, some guys pour every cent into model train layouts that fill the whole basement, or brewing their own beer. If YOUR hobby and your dream is to work on this car and have fun of doing so, look at it in those term and go for it. Sometimes the journey is more fun than the destination, and you can always turn around and take a different path (sell it) if you decide you're on the wrong track.
I don't know you, I don't know the car and I am far from an expert. These guys above are spot on about the thing will need a lot of money, probably more than it will be worth when done. But if the value to you is as a project and a challenge, rather than a business investment, go for it. You will not find nearly as many project Vettes over there as you do here.
Good luck, and let us know what you decide. If you do buy it, people here have been through just about every possible part of restoration on it and can offer advice as you go along.
#16
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St. Jude Donor '09-'10-'11-'12-'13-'14-'15-'16-'17-'18-19-'20-'21-'22-'23-'24
When it came time to lift the body and put it on the body dolly, she was the one steadying it and helping line things up. Maybe yours will come around and get involved.
#17
Le Mans Master
I believe that this car would be a challenge if it were here in the U.S. for someone to undertake.
It appears to be missing so many critical parts, it will be very expensive to just put it into running condition. This car will ultimately require a tremendous amount of body working to get it in reasonable condition and then the wrenching can begin. Here in the U.S. it would make a good candidate for resto-modding where 50% of the parts would be discarded or sold off anyway. As others have said and implied however, very nice Corvettes have been created from worse beginnings.
Good luck with your decision, and do let us know what you decide.
GUSTO
It appears to be missing so many critical parts, it will be very expensive to just put it into running condition. This car will ultimately require a tremendous amount of body working to get it in reasonable condition and then the wrenching can begin. Here in the U.S. it would make a good candidate for resto-modding where 50% of the parts would be discarded or sold off anyway. As others have said and implied however, very nice Corvettes have been created from worse beginnings.
Good luck with your decision, and do let us know what you decide.
GUSTO
#19
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St. Jude Donor '09-'10-'11-'12-'13-'14-'15-'16-'17-'18-19-'20-'21-'22-'23-'24
One thing OP has not said is whether he would - if he bought it - keep the customized look, or try to put it back original. Mike is right, it will need a lot of body work either way.
#20
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Put me in the group that thinks this is a very bad idea. Your assumption that the birdcage is good could very likely be a huge mistake.
I can't imagine how anyone but you can determine whether $20K is fair value for this pile. I can say with certainty that it would not be for me.
I can't imagine how anyone but you can determine whether $20K is fair value for this pile. I can say with certainty that it would not be for me.
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silver837 (07-27-2018)