Hi folks,


Corvettes sparked my intrest lately and needing a break from restoring my Chevelles anyway, I stumbled onto this car...


http://s369.photobucket.com/albums/o...70%20Corvette/

70 Corvette LS5 454/390 horse. Engine is matching numbers. M21, but not the original trans. 3.55:1 posi rear.

It's frame-off restored with black powder coated frame, black painted a-arms, new ploy bushings in all a-arms, new front springs, new composite aftermarket rear leaf, aftermarket adjustable rear links, slotted and drilled aftermarket rotors, new master cylinder, new power booster, new brake lines (but not stainless steel) rebuilt steering box, new gas tank and sending unit.

Rebuilt engine, std. bore, using original 10.25:1 pistons, new rings, bearings, etc., using original rods, and crank, new Comp solid lifter cam close to the factory specs, new timing set, new valve springs, 3 angle valve job.

Doesn't smoke or drip any fluids. Owner says it has about 800 miles on it since restoration.

Transmission has new gears, synchros, seals, etc. in the transmission. Has new front case because the one he started had broken ears.

Rebuilt rear-end with new seals and bearings.

New seat covers, seat foam, carpet, door panels, console top, weatherstripping, etc. All gauges work and are accurate except the clock. Aftermarket AM/FM cassette radio.

Horn doesn't work but the owner says the relay clicks.

Backup lights don't work. Owner not sure on why.

It has new wiring harness for front lights, and engine compartment.

The bodywork was done by a professional shop. They had to install another windshield frame from a donor car. This worries me a little about t-top fitment, but owner says that they got it right. The fiberglass is in good shape and doesn't show signs of stress cracks.
The shop took it down to the gelcoat and repainted it with a newer 2008 Dark Blue (GM color). Base coat / clear coat. However the original color is Mulsane blue. The hood underside is also painted the body color and not original black.

So what do you guys think it's worth??? Especially since it's not back to 100% stock..suspension upgrades, brake upgrades, different color, not matching trans, etc.

The owner is looking for at least $28,000.

I'm not from the Corvette community so I don't know much about them. I could say I was born and raised on Chevelles, and I'm wanting to explore a little. I want a companion to my 69 and 72 Chevelles. I wonder how a Corvette will fit in? haha


Hey thanks guys, I appreciate you taking the time to read through my post and post your own opinion.

-Dan

 

If you want to go the NCRS / Bloomington route - RUN far away.

If you want a really nice driver -- price sounds okay, to me anyway

 

Hi Dan,
Although a lot of work was done to the car, not too many people are willing to pay big dollars for car that's been slightly modified in many areas. I think it would be a REAL stretch to pay $28,000 for the car.
Regards,
Alan

PS: I'm a VERY stock guy.... I'm thinking $18k.

 

$28K sounds low for that car.

 

Nice restored 70 LS5 4 speed. Resto alone cost more than 28k. Only "mod" not easily un done is the paint color. Other mods are minor and easily reversed if desired. I think if you could get this car at $25k you'd have a good deal.

 

Too many changes from stock, especially the colour change, to carry a price that high. Low-mid 20s IMHO.

 

That sounds like a really good price for a frame off restoration with matching # engine. When I was actively looking for a big block 69 to 71, a frame off restoration couldn't be touched for less than $32K. I found what I thought was of a pretty good deal in a 71 LS5 that had a lot rebuilding done to it from transmission back through rear suspension. It's numbers matching, fairly low miles and good pant but not frame off restoration. The only gave a few thousand less than the price your talking about. I won't let that deal get away because of too much haggling.

 

Definitely not what you'd want if NCRS judging was your goal, but for a fun BB chrome-bumper, all the hard (and expensive) work has been done on this car, and it appears done right, so you could just get in and drive this car and have a great time with it. I don't know that you'll find many other big-block chrome-bumpers in your area in the near future for lower than that price.

Yes, there are other cars perhaps for a couple thousand less out there, but it can take you a lot more time and effort to find one, inspect it to confirm its condition, and then deal with the hassles of actually buying it.

If this one fits YOUR budget, and you like the condition of it, then definitely buy it; it sounds like it's a great car that needs a small bit of work, and you'll be hard pressed to buy better at that price.

And if anyone says that it's much too expensive, tell them they have to back it up with links to cheaper cars in equal condition that you can buy right-now with the same ease that you can buy this one...

 

I don't know Alan, $18K sounds awfully low considering what's been done to the car. If it's only worth $18K, then I could only get about $8K for mine. It looks very nice and should be worth at least $28K.
I know the market is down for collector cars in general, so I'm aware that I'm going to have a very difficult time selling my original non restored '71 LS5 Convertible with so many nice restored C3's for sale.
I'm leery to even ask on this forum what my car is worth.

Good luck Dano383

 

Sounds like the going rate.

 

Amen to that!!!

Everyone is MORE THAN WILLLING to nit pick cars on here, but if it was THEIR car for sale...you will never see a nicer example of a C-3!!!

 

Would you honestly sell your car for $18k? If so, then the original poster would do better to buy your car than this car, it seems.

 

22.5 (Mine isn't for sale) ...might be negotiable for that 70 BB

 

No, he's better off paying $28K for a restored '70 LS5.

 

28K sounds just right for a car that has been frame-off restored and a replaced bird cage, I got more than that into mine and I still did not get the body off the frame and god knows the shape of my bird cage!

 

The key word is restored. Restored means to return something back to a former state. This car is now the 'wrong' colour and has various mods (yes minor) that would cost at least about 10K to undo. The OP may not care but the NEXT purchaser might. Wrong colour modified cars are always worth less money IMHO.

 

I think the most important part about frame off restoration is that the body has been removed from the frame, and the frame and all associated parts have been removed and refurbished. Yes, the car is the wrong color but is looks good and should command a price well in excess of the asking price. Even if you take it back to the original color you are in the ball park of a good quality frame off. Any 70 BB for $18K is going to be junk...in fact, in my search I encountered plenty of junk priced in the $32K price range.

 

When did this turn into the NCRS forum? Look, correct color is an important factor for a person looking to be NCRS judged, but then it also needs to be correct type of paint (lacquer). From looking at sales prices on the major auctions it's clear to me that originality will always fetch a good price, but in the last few years a well done mild resto-mod has increased in demand and get good money also.

The old days of "this '71 is painted a '75 color. It's a parts car" are over (thankfully).

 

My comments above have no more to do with the NCRS than the old 'numbers matching car having more value than a NOM car' never ending argument. You may not agree or care for your own car, but many many potential purchasers do. It's the buyers that set the market value, not the NCRS.

BTW- 'paint must be lacquer' statement for NCRS is not correct.

 

Oh? So BC/CC paint is not a points deduction? (this is a question, I honestly thought it was)