New 1973 Corvette owner: HELP!
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$10K for a '73 with a small block/auto and needing a paint job is a bit steep...especially this time of the year. But, if you can do a lot of the prep work for the paint and/or do the paint yourself, that shouldn't be a big deal. If you have to have the paint work all done by someone else, it will be a minimum of $6K to get that done. That will bring your total up to $16K for the "finished" car. Steep for a '73.
However, if you can't really do any mechanical work yourself, paying "up front" for a good quality car in good operating condition was a wise move. All-in-all, it comes down to whether you are happy with the deal.
BTW, how are you going to get insurance if you are not 25 years old? None of the collector car insurers will write for someone younger; and you DO NOT want to just get ordinary auto coverage for a 'vintage' car in that condition. If you total the car, they would only pay you $2-3K for the almost-40 year old car. Insuring it that way would not be acceptable to me, if I were in your situation.
However, if you can't really do any mechanical work yourself, paying "up front" for a good quality car in good operating condition was a wise move. All-in-all, it comes down to whether you are happy with the deal.
BTW, how are you going to get insurance if you are not 25 years old? None of the collector car insurers will write for someone younger; and you DO NOT want to just get ordinary auto coverage for a 'vintage' car in that condition. If you total the car, they would only pay you $2-3K for the almost-40 year old car. Insuring it that way would not be acceptable to me, if I were in your situation.
and this thread makes me feel a lot better! I am going to paint it and do the work on it myself as i need to, I've grown up around cars. Thanks everyone!
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I think you did just fine as long as the car is in driver condition. Just take each project a little at a time and the car will be a lot of great memories in the future. I don't know to many people that have not spent way more on their Vette then what it would sell for. I know I have but I have had over 15 years of total enjoyment so far and I don't plan on changing that in anytime soon. I hope I can see my Grand-kids drive her someday.
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