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Found a nice LT1

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Old Aug 5, 2007 | 01:58 PM
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Default Found a nice LT1

Well actually I have always known its location as it belongs to a friend. Now for sale. I am somewhat interested... I am a C4 guy but love the makos...

1970 Coupe legitimate LT1. Documented Second Flight NCRS car. No AC. A georgia/Alabama car. 4 speed. Tank sticker and about 8 inches of documents. Seller is asking $50,000? Unique factory color but I can't show my hand completely so I won't state. What do yall think?
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Old Aug 5, 2007 | 02:11 PM
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Originally Posted by jakers
Well actually I have always known its location as it belongs to a friend. Now for sale. I am somewhat interested... I am a C4 guy but love the makos...

1970 Coupe legitimate LT1. Documented Second Flight NCRS car. No AC. A georgia/Alabama car. 4 speed. Tank sticker and about 8 inches of documents. Seller is asking $50,000? Unique factory color but I can't show my hand completely so I won't state. What do yall think?
50K, sounds high, i havent seen the car, but im gunna say its high

Miles
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Old Aug 5, 2007 | 03:42 PM
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Originally Posted by randommj
50K, sounds high, i havent seen the car, but im gunna say its high

Miles
I was thinking high too! $$$
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Old Aug 5, 2007 | 03:50 PM
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It might be a bit high, but NCRS-level LT-1s aren't cheap.
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Old Aug 5, 2007 | 05:53 PM
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Originally Posted by I'm Batman
It might be a bit high, but NCRS-level LT-1s aren't cheap.


Your bound to pay alot of money for the fastest production C3 small block car ever built!!! If I had the funds to have a collection of C3's a '70 LT1 would def. be in it!
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Old Aug 5, 2007 | 05:58 PM
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Sir, I drove a 70 LT-1 about 20 yrs ago.......couldn't keep it on the ground in 4th gear.......50K is a little high, but not too far off base. I doubt you will regret the purchase. Good Luck, john
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Old Aug 5, 2007 | 07:30 PM
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If it's an early car with the 6quart oil pan and Corvette Bronze color, I don't think the price is too bad. Not for a documented essentially component correct example.
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Old Aug 5, 2007 | 08:23 PM
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Originally Posted by early shark
If it's an early car with the 6quart oil pan and Corvette Bronze color, I don't think the price is too bad. Not for a documented essentially component correct example.
You guessed it. Corvette Bronze! Pretty good. So $50k seems OK (before negotiations)
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Old Aug 5, 2007 | 11:38 PM
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$50K is "prime" money for a C3...but a '70 LT-1 with papers and NCRS awards would be a candidate for one. Lower price would be better, but you will not find many like it for much less (and probably not in as good a condition). Good luck on your decision.
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Old Aug 6, 2007 | 09:08 AM
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The price really depends on the level of quality. A top of the line 1970 LT-1 coupe with original driveline and documentation is going to bring around $70,000-$75,000. The days of relatively inexpensive LT-1s (and 1968-1969 L-71s for that matter) are long gone. If the car is solid with few issues, $50,000 may be in line.

Corvette bronze is an interesting color... Personally, I like it , but from a resale or desirability standpoint though, it isn't the best color to have.

Regards,
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Old Aug 6, 2007 | 09:51 AM
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I don't think its high at all!!!----If it is a real LT-1, decent shape, some documentation. Just look at some sold prices--in the real estate market they would call it a "Market Analysis". This Forum has a tendency to say " I want a 68-72 red/red convertible, numbers matching, fully documented. low mileage, no rust, blah blah blah for under $15,000. Take it with a grain of salt--just do some research--make sure it is the real thing. Without that LT-1 motor its just another Corvette that would fall into the average Corvette price range. Good Luck--they are incredible cars.

SEMPER FI--1970 Dave
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Old Aug 6, 2007 | 10:01 AM
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If its in show condition and all original then it sounds like a nice car. and $50k maybe a good investment but I wouldn't buy it to use as a DD for that kind of cash.
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Old Aug 6, 2007 | 02:21 PM
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I would say it was a good investment at the price. A low production high demand venicle in good shape with docs is what it takes to make for a good investment.

Think about it this way - How far off could you be?. I would love to have that one.

-Mark.
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Old Aug 6, 2007 | 04:34 PM
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Originally Posted by randommj
50K, sounds high, i havent seen the car, but im gunna say its high

Miles
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Old Aug 6, 2007 | 06:16 PM
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We are throwing darts at the board without knowing more about the car. Does it need a paint job? How is the engine---does it need a rebuild? Why only a 2nd Flight-- something significant or just a list if nits and nats that are easily corrected?

We may be decent dart throwers but advancing this car to 1st Flight could be $500 or $1,500 or $15,000 dollars. Having said that, '70 LT-1 coupes have been advertised from $40k to $80k. No documents, not very original, no judging history to all docs, low mileage original car with Top Flight. IMHO- at $50k, this is potentially a very good buy IF the car has original documents, has the original engine and paint and interior codes match and is not in need of a lot of mechanical work or cosmetics. If the car has been banged around, it lowers the value. I would review the judging sheets since this will shed light on correctness and condition. Even with some work needed, if the car has docs, the original engine and does not need a $10k paint job it's a decent price. As time goes on, the low production, high-performance cars that have factory documentation and the original drivetrain will bring the most dollars. The more unrestored and original, the better. The 1970 LT-1 fits into that category of cars to covet. They are simply awesome cars. Good luck with the purchase.
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Old Aug 6, 2007 | 07:29 PM
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Originally Posted by Midyrman
We are throwing darts at the board without knowing more about the car. Does it need a paint job? How is the engine---does it need a rebuild? Why only a 2nd Flight-- something significant or just a list if nits and nats that are easily corrected?

We may be decent dart throwers but advancing this car to 1st Flight could be $500 or $1,500 or $15,000 dollars. Having said that, '70 LT-1 coupes have been advertised from $40k to $80k. No documents, not very original, no judging history to all docs, low mileage original car with Top Flight. IMHO- at $50k, this is potentially a very good buy IF the car has original documents, has the original engine and paint and interior codes match and is not in need of a lot of mechanical work or cosmetics. If the car has been banged around, it lowers the value. I would review the judging sheets since this will shed light on correctness and condition. Even with some work needed, if the car has docs, the original engine and does not need a $10k paint job it's a decent price. As time goes on, the low production, high-performance cars that have factory documentation and the original drivetrain will bring the most dollars. The more unrestored and original, the better. The 1970 LT-1 fits into that category of cars to covet. They are simply awesome cars. Good luck with the purchase.


Check and see how much a completely documented, NCRS level restoration of a '70 LT1would cost you. Even for a 2nd flight, 50K is would be considered "right in there" price wise. These cars are are climbing up in price very fast. I would grab it if I could afford it.
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Old Aug 6, 2007 | 09:15 PM
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Default 70 lt1

check out my 70 lt1 and compare it at usedcorvettesfor sale.com
#20085 , lmk
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