help me make a decision / value question
Thread Starter
3rd Gear
Joined: Nov 2011
Posts: 3
Likes: 0
help me make a decision / value question
I have a 1971 vette, that has been sitting for about 12 years. The paint was stripped by hand and then primed, then parked. The interior carpet is shot, and the rest of the interior is rough at best. The block is original 350/270 but the bolt ons are aftermarket and had not been touched for over 10 years. Chrome is in ok shape.
As it sits what would it be worth?
I know there are ALOT of variables but roughly how much $$ would it take to get it in decent/drivable shape (paint, interior, check out/freshen up engine).
I am trying to decide if I should unload it and buy another that is already useable or fix this one.
Thanks
Sky
As it sits what would it be worth?
I know there are ALOT of variables but roughly how much $$ would it take to get it in decent/drivable shape (paint, interior, check out/freshen up engine).
I am trying to decide if I should unload it and buy another that is already useable or fix this one.
Thanks
Sky
Safety Car
Joined: Sep 2007
Posts: 4,458
Likes: 331
From: Indy Indiana
Paint, interior, tires, brakes, exhaust, add 50% for other stuff that will come up..
if rust, then you wll struggle to find any interest.
you will just have to find someone willing to give you anything then put 15K into it..
yes, maybe 5K.. won't hurt to try.. sell it on this forum and craigslist.. it is free. won't hurt to get some feelers out there..
if rust, then you wll struggle to find any interest.
you will just have to find someone willing to give you anything then put 15K into it..
yes, maybe 5K.. won't hurt to try.. sell it on this forum and craigslist.. it is free. won't hurt to get some feelers out there..
Pro
Joined: Jan 2010
Posts: 518
Likes: 12
From: Panhandle
First Thing! Is it a Convertible or T Top? Big $$ Difference.
Is the body original Front & Rear with chrome bumpers More $$$? Or did someone modify it Less $$$? Any other major mods?
You have the L48 Engine and not the LT1 or 454. Less $$$
What condition is the Frame and Bird Cage?
Can you post some pics? One picture worth 1K words
If you can answer the above, next discussion: "Should you keep or sell for one which needs less work?"
Cheers
Is the body original Front & Rear with chrome bumpers More $$$? Or did someone modify it Less $$$? Any other major mods?
You have the L48 Engine and not the LT1 or 454. Less $$$
What condition is the Frame and Bird Cage?
Can you post some pics? One picture worth 1K words
If you can answer the above, next discussion: "Should you keep or sell for one which needs less work?"
Cheers
Burning Brakes
Joined: May 2004
Posts: 1,201
Likes: 2
From: Frederick Md
MY rough guess is it would cost you between 10 and 15 K to completely redo the interior and have it painted (good paint job)...and it would cost you at least that much to buy a 71 that was a driver ...
You know the car...go over it and see what else you would have to do..MY GUT tells me that if it were my car I'd spend the money to bring it back rather then buy a unknown
Bob G.
You know the car...go over it and see what else you would have to do..MY GUT tells me that if it were my car I'd spend the money to bring it back rather then buy a unknown
Bob G.
Safety Car
Joined: Sep 2007
Posts: 4,458
Likes: 331
From: Indy Indiana
you also have to put a value on unloading it now and buying one more complete.
you can be on the road immediately vs. down for 2 years with a 1000 hour project.
for the same amount of money.
you can be on the road immediately vs. down for 2 years with a 1000 hour project.
for the same amount of money.
Thread Starter
3rd Gear
Joined: Nov 2011
Posts: 3
Likes: 0
not paying taxes on it so no assessed value.
Engine ran when it was parked, so I would assume it runs now, but I would go through it 1st
Original body and chrome bumpers, did have the lover valance replaced, it is the t top, I have not looked at the frame in a decade, but it has been parked under a cover so I hope it has not deteriorated too much.
I will post some pics when I get to go home (working out of town)
It has peen parked for 12 years waiting for me to have the $$ to start on it, so I guess another 2 years would not be a killer, but it would be nice to have one to drive if I could do it for the same $$$. I hate decisions
Thanks
Sky
Engine ran when it was parked, so I would assume it runs now, but I would go through it 1st
Original body and chrome bumpers, did have the lover valance replaced, it is the t top, I have not looked at the frame in a decade, but it has been parked under a cover so I hope it has not deteriorated too much.
I will post some pics when I get to go home (working out of town)
It has peen parked for 12 years waiting for me to have the $$ to start on it, so I guess another 2 years would not be a killer, but it would be nice to have one to drive if I could do it for the same $$$. I hate decisions
Thanks
Sky
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Burning Brakes
Joined: Jan 2007
Posts: 1,057
Likes: 4
From: Concord Calif
It maybe much better for you to sell it and find a runner. The only real reason to rebuild a car completely is because you enjoy doing it and or sentimental reasons for just about any other reason it is a total waste of time and money! IMO
Burning Brakes
Joined: Apr 2008
Posts: 776
Likes: 96
From: Plymouth MN
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If I was looking to buy it, I would figure:
$3000 car purchase
$2000 interior
$8000 car paint/bodywork/weatherstrip/new chrome etc
$3000 engine/exhaust/fuel line/brakes repair
$2000 misc parts/labor/cost over-runs
$2000 for time and effort
$20,000 break even
$3000 car purchase
$2000 interior
$8000 car paint/bodywork/weatherstrip/new chrome etc
$3000 engine/exhaust/fuel line/brakes repair
$2000 misc parts/labor/cost over-runs
$2000 for time and effort
$20,000 break even