78 Pace Car worth
Le Mans Master
Joined: Sep 2002
Posts: 5,236
Likes: 898
From: Myrtle Beach SC
Two considerations and someone touched on the first. Many, and perhaps most of these low mileage Pace Cars have sat neglected and so while topside looks pristine, the bottom side can really be bad. New Owners don't pay enough attention to chassis condition but should.
Second, last year Corvette produced its tenth Pace Car which keeps interest in the 1978, the first PC, quite high. That means values will continue to keep it at the top of late model C3 values. Seems I recall a Pace Car went for $45k ish at Barrett Jackson which which keeps values and interest high.
Frankly, I don't think $25 is a bad offer at all and especially when you consider the market. Of course $20k would be better but all this depends on its hertitage...like correct tags and documentation.
This link is to an article published in Corvette Enthusiast last year and targets Pace Car Values.
Pace Car Frenzy
Second, last year Corvette produced its tenth Pace Car which keeps interest in the 1978, the first PC, quite high. That means values will continue to keep it at the top of late model C3 values. Seems I recall a Pace Car went for $45k ish at Barrett Jackson which which keeps values and interest high.
Frankly, I don't think $25 is a bad offer at all and especially when you consider the market. Of course $20k would be better but all this depends on its hertitage...like correct tags and documentation.
This link is to an article published in Corvette Enthusiast last year and targets Pace Car Values.
Pace Car Frenzy
Drifting
Joined: Oct 2004
Posts: 1,255
Likes: 7
From: Coralville Iowa
Race Director
Joined: Aug 1999
Posts: 11,119
Likes: 672
From: SE Pennsylvania
St. Jude Donor '03 thru '26
Oldtimer
There was a 1978 Indy Pace Car on the block at the Mecum Auto Auction, was bid to $16.000 but no higher. Owner went off camera to do some more dealing. Shortly later was a gorgeous 1972 coupe, sold for $16.500 I'd of thought a chrome bumper car would bring more than that?
Last edited by killain; Aug 10, 2009 at 03:10 PM.
Melting Slicks
Joined: Sep 2004
Posts: 3,225
Likes: 667
From: Northeast
Have you seen this car in person? or are you just making offers?
Post some pics and info about the car and perhaps forum members might be able to help with an estimate of its worth. Right now everyone is just guessing on what you consider (or seller) mint and what options it has. 4spd? ac? decals? rust?etc
Low miles doesnt mean mint. A friend is the original owner of a 78 with 7000 miles. He kept it in a garage for a few years on Cape Cod. Unfortunately the salt air got into the engine compartment.
Good luck.
Post some pics and info about the car and perhaps forum members might be able to help with an estimate of its worth. Right now everyone is just guessing on what you consider (or seller) mint and what options it has. 4spd? ac? decals? rust?etc
Low miles doesnt mean mint. A friend is the original owner of a 78 with 7000 miles. He kept it in a garage for a few years on Cape Cod. Unfortunately the salt air got into the engine compartment.
Good luck.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Melting Slicks
Joined: Mar 2009
Posts: 2,885
Likes: 1
Is this the car?
http://cgi.ebay.com/ebaymotors/VERY-...=p4506.c0.m245
Why would someone go through the trouble to preserve the original tires and only drive it less than 3K, but change its originality by converting the a/c to R134?
http://cgi.ebay.com/ebaymotors/VERY-...=p4506.c0.m245
Why would someone go through the trouble to preserve the original tires and only drive it less than 3K, but change its originality by converting the a/c to R134?
Thread Starter
Melting Slicks
Joined: Oct 2006
Posts: 2,767
Likes: 2
From: Iowa
Drifting
Joined: Oct 2004
Posts: 1,255
Likes: 7
From: Coralville Iowa
They are on my photobucket account along with my other cars
http://s393.photobucket.com/albums/p...el/69%20Coupe/
http://s393.photobucket.com/albums/p...el/69%20Coupe/
Last edited by highschool67; Aug 12, 2009 at 10:42 AM.
Advanced
Joined: Jan 2006
Posts: 99
Likes: 0
I got kind of excited, still waiting for my $15,000 pace car.
Will never find one in great shape with docs, under 5000 miles for that.
I got offered $19500, for mine from a dealer, trade in on my new c6.
I kept it, has 7500 miles on the clock. Everyone knows the car is worth over 22k minimum, even in this market.
Will never find one in great shape with docs, under 5000 miles for that.
I got offered $19500, for mine from a dealer, trade in on my new c6.
I kept it, has 7500 miles on the clock. Everyone knows the car is worth over 22k minimum, even in this market.
Advanced
Joined: Jan 2007
Posts: 87
Likes: 2
Pace Car For Sale
Advanced
Joined: Jan 2007
Posts: 87
Likes: 2
I just posted my Pace Car on this site L82 4spd w/48k. When I purchased my car I was looking for a car that had between 25-50 thousand miles. I wanted a car that was driven. I have had my car 8 year with no leak or need to replace any seals. One of my club members bought a silver anniversary car with 1200 mile and has since replaced the gas tank, reseal the tranny and rebuilt the carb. and replace all hoses. The car is worth $25k to $28k but be prepared for repairs. Also as you put milage on your resale value will go down. Good Luck
Melting Slicks
Joined: Feb 2009
Posts: 3,438
Likes: 30
From: Fairfax Virginia
Assuming proper storage, the only way to have as nice of a car as a low miles car is to do extensive restoration. That choice is more expensive, not less, than buying a nice low miles car. Somehow, it has become fashionable to knock low miles cars, but the reality is that there is a specific market for low miles cars and a different market for drivers IMO.
Thread Starter
Melting Slicks
Joined: Oct 2006
Posts: 2,767
Likes: 2
From: Iowa
Assuming proper storage, the only way to have as nice of a car as a low miles car is to do extensive restoration. That choice is more expensive, not less, than buying a nice low miles car. Somehow, it has become fashionable to knock low miles cars, but the reality is that there is a specific market for low miles cars and a different market for drivers IMO.
