2-5k
interior condition, engine power, are not important as long as it's somewhat reliable and not a complete rust bucket
Can we use classic car insurance on a early 80s car in NY? Do you know about what's necessary to pass inspection?
The Best of Corvette for Corvette Enthusiasts
There are many cars that regularly park that I would be much more valuable than a older corvette-there are a lot of high end cars in the neighborhood and from what I've heard and experienced theft is not very common. People don't like the police, theft creates the need for more surveillance- they make more off drugs than stolen cars...I've even seen 100-300k cars parked on the street at night, people don't mess w/ the cars- but some of those guys are probably dealers. There are always people out at night which is good and bad at the same time, I guess a corvette would be more distinct than a similarly valued suv or sedan.
what about other models, same problem w/ a camaro in that price range
To think that you can spend $5k, tag it, and drive it around for a few years is simply foolish(I'm sure it can happen though, but very rarely). You're going to spend much more once you really find out what it needs. Brakes are a common issue for example. Master cylinder, rebuilt calipers, lines, etc. will run you another $500 easily. The list of possible issues goes on. I spent $3000 in the first 2 months of ownership, on top of the purchase price. It was no basket case, just mechanically neglected for a few years. So, if you're thinking of going this route, keep another $5-10k handy for parts.
Good Luck, but as mentioned above, save another $3-5k and get a 75-80 with few or minor problems.
Insurance will probably be very high for deceint coverage, and I would think most of the classic car insurance companies would require it to be garaged or parked in a secure lot at best.
A car this old will not stand up well parked on the streets. The long nose is low and will be backed into sustaining constant damage. The T-Tops are notorious leakers. The rear rubber bumpers will be scraped and eventually cracked.
The lowest cost-value vettes are 75 & up usually.
Now if you really do want a vette no, matter what, here's my laundry list of things to look at when looking at a Vette.
Check for rust in the frame and kick-ups (in front of rear tire, part of frame that goes over the rear suspension) & bird cage. Surface rust is ok. When you lightly tap it with a hammer it should have a metallic ping. If bad rust it will sound more like a dull thud.
The kick-ups are the frame area in front of the rear tires where the frame goes up and over the rear suspension.
The bird cage is the steel frame around the passenger compartment. Look for rust along the windshield pillars, viewed from outside the car. Also pull the kick panels (down on the sides by your feet) inside the car to see what the body mounts look like and if there's just surface rust or serious rot, if the owner will permit you to.
If you can get it up on a lift and let the wheels hang so you can check the front & rear wheel bearings. Grab the 12 & 6 o'clock positions on the tires and pull back and forth to see if there's any movement. Front bearings are an easy replacement, but the rear is much more involved and costly to repair.
Check engine for visible oil leaks around the valve covers & oil pan.
Just a few things to look for when you check it out.
The radiator support is another rust prone area to check. Replacements run around 300-350 and are a PITA to remove & replace.
Check headlight operation (and wiper door up to 1972) and that they open fairly quickly. Vacuum system issues are common.
Ask to see all repair & maintenance receipts.
Remember, ALWAYS buy the best car you can afford
http://www.corvetteforum.net/c3/juliet/rearsusp.htm
http://www.vansteel.com/index.cfm?fu...home&pageID=11
This is not made to disuade you from buying a vette, just to be prepared for the realitys of owning one living in the city.
Good luck!
Glenn
[/IMG]For any kind of classic car/collector car insurance most times you will need another car for a daily driver, besides that the collector/classic insurance usually requires the car be parked in a secure garage. Way, way, back I worked for an electronic device company (POCKET-FONE) that relocated from West Nyack N.Y. to the Hunts Point section of the Bronx and my ONLY driver was my '67 Corvette Coupe, I had to be the first to park the car in a one lane 4 deep alley to keep it from getting stolen, broken into or stripped cause if I parked on the street the vent window pivots would be mysteriously broken when I got in it to drive back home to Rockland County. Bad move trying to keep a Corvette yours if you park it on a city street. Good luck in what ever you decide, pretty slim pickins in your price range,,,Peace, Moosie
Last edited by moosie982; Nov 11, 2009 at 10:30 AM.
pay someone 5K for a well running 78 is possible, but it will require work if you want to trust it to take it out cruising, or for a trip out of the city..
what you are asking is possible and can be done with the right motivation... but it is entirely impractical, and 5 years down the road you will be asking yourself why you did it..

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