It doesn't matter what the paint actually is, only what it appears to be. Lots of people have mastered the technique of making BC/CC look just like lacquer. It's all about appearance, not reality.

 

Thanks. Didn't know that. I guess it would annoy owners of cars if the NCRS judge insisted on wiping the car with a lacquer thinner soaked rag to make sure it really was lacquer.

 

Thanks guys!

This is good dialog and debate. Please keep it up, but remember to just keep it friendly. Everybody is entitled to their own opinion, and we are all here to enjoy and love these special and fantastic cars in our lives.


I wonder, what if I did buy it and enjoy it for a while the way it is...then at least repaint it back to original mulsane blue if I ever want to resell it.

Do you think it'd be worth doing that.

By-the-way, I am a painter, and have done restorations for myself and some for others including, Chevelles, Firebirds, GTOs, and a few other oddballs. So my point is, it wouldn't be too much trouble for me to actually repaint this car.

It isn't my plan to buy this car to make money. I just want a quality Vette to enjoy the remainder of this season and at least next season, but I have to ask...what if I did repaint back to original color? With my experience, it wouldn't be a great expense to do so especially since the condition of the body now is pretty darn good.

So what do you guys think about this idea of eventually repainting it? What do you think it'd be it be worth with original paint put back on...at the very least? It still wouldn't be NCRS quality due to the other non-original parts, but I don't really care...personally.

I also have to say...I do like Mulsane Blue over the color the current owner painted it. My 72 Chevelle is Mulsane Blue and I love it!
Check it...
http://s369.photobucket.com/albums/o...=8-2-09034.jpg

 

Very nice looking 70 LS5 at a decent price.

 

IMO, since the rest of the car is not up to NCRS judging standards, repainting it the original color is not really going to change the value. Of course if you do a really good job on the repaint the value of the car increases, but the actual color is not a big deal.

 

I realize you are a painter but unless you can get the car for 20K and I know you can't pass on it if you don't really like it as it's presented now. It sounds like you are looking for a car to drive. If that's the case even though this car is not "a steal" alot has been done to it and only you can tell if it's as good as it looks in the pictures. It costs big money to do what's been done to this car. I know it's not "correct" but if you wanted "correct" you wouldn't be looking at this car in the 1st place. Decide what you are willing to pay for it and make an offer.
I agree with you on the color also. I like Mulsanne Blue over this color but this blue is not a deal breaker for me either. Good luck and I hope how ever it works out it works out for the best.

 

great post.. this guy tells it like it is!

 

Hello again,

I want to again thank everybody for their input...so thank you all very much!

I'm still considering the car. I like it very much the way it is. I'll enjoy it just the way it is probably for a few years anyway.

I guess my worry is that I'll be stuck with it if I really need to get rid of it. Meaning...I'll be buying this car with a loan. I checked on a personal loan from my bank on Saturday. The payment is certainly do-able ( I wouldn't even be thinking about it if it weren't ), but if something happens and I need to get rid of it, could I get what I bought it for?


I'm not buying this car with the outright purpose to make money, I just don't want to invest good, hard-earned money in something that I'd loose my a** on later. I want to at least get back out what I would have in it.

With my experiences, I know I couldn't build this car for the asking price, but could I get $28,000 out of it in today's market? How many people would buy this particular car for $28,000? I hope you can all understand that I just want to be safe with my money, so forgive me for asking.

There are many cars for sale in the Corvette market, should I look at a different year? Are '69 big-blocks a better investment in general for C-3's? What about a decent driver quality C-2 I like them even better, but don't know if I can even touch a decent one, what are some prices like these days? I don't mind decent driver quality car that I can drive and enjoy right away while I save money and collect parts for a restoration.

Also, if you don't mind me asking...what kind of financing do you guys recommend or use aside from personal loans from the bank or even home equity loans?

Is there any outfits that deal with auto loans for classic cars? Links?

Anybody want to buy my '72 Chevelle...that'll help. (joking, but seriously...) haha.

Thanks again,
Dan

 

OK, that is your opinion. My opinion is that ANY 1970 BB car selling for less than $20K is in very poor condition. I have said it before, and I will say it again: to all those who think that good condition '69/'70 big block cars can be had for under $20K, please show me those cars, because I'll buy a dozen of them.

 

You're correct you can't build this car for the asking price BUT in the Corvette market the majority of buyers are looking for correct cars. If I was buying this car that's how I would look at it "can I build this car for what I'm going to pay for it?". The answer is NO but I'm not an investor (I've been down that road and in the end doubled my money but I would have made much more investing it in other places and it was NO FUN). I like this car and for me it would be a fun car to own that you can drive and enjoy. Would your money be safe well to be blunt I don't think you could get your money back in this economy because since the car is not correct your market is much smaller. You would have to wait to the right buyer comes along and that could take time. Now I'm not saying don't buy the car I'm saying if you have to "bail" you may "take a beating". If this is the type of car you were looking for buy it. You can justify the price in your mind but know that not everybody thinks the way you do which could be a problem if you have to sell. Good luck with what ever you decide.

 

Dan

Lots of "food for thought". Check your PMs.

 

I think the price is decent for what the car is. I don't think you would get stuck with it, there is a buyer for almost every car. You may not get what you have in it, but if that is the case, I would consider that the price you paid for the enjoyment you got out of the car.

I'm not so sure I'd buy it as an investment with any intention of making money, but if it is a quality of life investment I can see it. I don't like the thought of financing toys, so I'd buy what I could afford and pay cash. That having been said, I believe Hagerty has financing on the older cars.

 

You will never get stuck with a 70 big block.... maybe one or 2 thousand if you drive it alot and wear it out.. but you won't lose your shirt like so many do pumping 20K more than its worth into a base engine 76....

 

If you like the car and it drives good at 80 with no problems buy the car use the paint to negotiate him down a couple of grand but a 4 sp big block 70 what more do you need.