looking for opinions


Without the original engine, doesn't it cease being an LT1 and just become a raised hood with stickers on it?
That's why it's in your price range. Not trying to be an a**hole. Just playing devil's advocate.





First off I hope you like coupe because that's probably what you'll get in that price range. I wanted a coupe so for me the fact that they were cheaper worked to my advantage. You could probably also get a NOM with good paint, or a #matching car with wrong color and/or bad paint. With the LT-1 I think the original drivetrain is more important than the paint. A car with the wrong paint or bad paint can always be repainted but a car only has its original engine once. In my case I ended up with a #matching mechanically sound LT-1 that needed some things like removal of some rusty hooker side-pipes, new exhaust system and eventually it's going to need paint. For me this was a good compromise because I could afford to do the exhaust immediately and the paint was good enough driver quality that I could live with it for some years and enjoy the car knowing i'll redo it some day. I'm happy with it because I drive it and don't have to worry about every little ding or scratch, the car still looks sharp and it's an LT-1 which was a plus for me. I also have cousins that own a body shop so I know when i do paint it (while it will still be expensive) i will get a really good deal.
The other thing that will affect price is LT-1 with docs vs. no docs. I know some might disagree with this and say an LT-1 without original docs you should assume is a regular small block (since there are fakes out there). But my personal opinion is that the key is doing your homework and get someone who really knows LT-1's to check out the car for you (like a local NCRS guy). Especially where even docs can be faked these days the best way to verify is have an expert look at it. What I'm trying to say is that an LT-1 that is real with docs will go for more than an LT-1 that is real without docs. So that is another way to get the car into your price range. Again, especially without the docs key is not to buy a fake and the best way i think to do that is by doing your homework. There are a lot of distinguishing characteristics (that i know you are aware of) and while anything could be faked, the cost of doing so would probably be more than the value gain by faking the LT-1.
As bullshark said life is too short and get the car that you want. If an LT-1 is definitely what you want then either spend the extra money or figure out what compromises you can live with (like poor paint,etc). For me that was a car that I can drive NOW and enjoy that still looks sharp and is an LT-1, but I know i will need to put some money in some day. You may be the type of person that won't be happy if you buy something else and you'll always wish you had the LT-1. On the other hand it may not be that important to you and maybe re-think getting an LT-1 since for the money you are looking to spend you can probably get a close to mint small block coupe.
And just to keep this all in perspective, this sage advice is coming from someone who has never sold a Corvette in his life and is sitting on 4 and I love all of them for different reasons.
Bullshark
At the end of the day I like a car where I can trust the seller, the background is clear and it somehow gets me enthused to own it. It's hard to write these things down... it's more emotion I guess.
I do like this question and the replies. But I'm still not convinced the engine is the be-all end-all on LT1s. Just because the engine block has failed does not make it a base model car. There are a lot of features to the package and as many of you have noted they are costly to duplicate.
First off I hope you like coupe because that's probably what you'll get in that price range. I wanted a coupe so for me the fact that they were cheaper worked to my advantage. You could probably also get a NOM with good paint, or a #matching car with wrong color and/or bad paint. With the LT-1 I think the original drivetrain is more important than the paint. A car with the wrong paint or bad paint can always be repainted but a car only has its original engine once. In my case I ended up with a #matching mechanically sound LT-1 that needed some things like removal of some rusty hooker side-pipes, new exhaust system and eventually it's going to need paint. For me this was a good compromise because I could afford to do the exhaust immediately and the paint was good enough driver quality that I could live with it for some years and enjoy the car knowing i'll redo it some day. I'm happy with it because I drive it and don't have to worry about every little ding or scratch, the car still looks sharp and it's an LT-1 which was a plus for me. I also have cousins that own a body shop so I know when i do paint it (while it will still be expensive) i will get a really good deal.
The other thing that will affect price is LT-1 with docs vs. no docs. I know some might disagree with this and say an LT-1 without original docs you should assume is a regular small block (since there are fakes out there). But my personal opinion is that the key is doing your homework and get someone who really knows LT-1's to check out the car for you (like a local NCRS guy). Especially where even docs can be faked these days the best way to verify is have an expert look at it. What I'm trying to say is that an LT-1 that is real with docs will go for more than an LT-1 that is real without docs. So that is another way to get the car into your price range. Again, especially without the docs key is not to buy a fake and the best way i think to do that is by doing your homework. There are a lot of distinguishing characteristics (that i know you are aware of) and while anything could be faked, the cost of doing so would probably be more than the value gain by faking the LT-1.
As bullshark said life is too short and get the car that you want. If an LT-1 is definitely what you want then either spend the extra money or figure out what compromises you can live with (like poor paint,etc). For me that was a car that I can drive NOW and enjoy that still looks sharp and is an LT-1, but I know i will need to put some money in some day. You may be the type of person that won't be happy if you buy something else and you'll always wish you had the LT-1. On the other hand it may not be that important to you and maybe re-think getting an LT-1 since for the money you are looking to spend you can probably get a close to mint small block coupe.











