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Whats it worth?

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Old Oct 10, 2012 | 10:34 PM
  #21  
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RPOZ4Z
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From: Galloway Twp. NJ
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interesting....
yes, we call it a door panel.. never heard the term door card before.
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Old Oct 10, 2012 | 11:42 PM
  #22  
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Originally Posted by brady5885
Sorry some of my terminology may be different im from the UK, recently moved here a couple of years ago.
The door panel?.... basically what covers all the metal/framework on the inside of the door/with the handle and opener on it.
well, I would say around 3k easy for all of that. but thats not including the labor and all the other small things that your not remembering or thats lost from moving the car. i would say a safe bet would be 3-5k. I was looking at a bunch of project and full vettes before i bought mine. I would think good and hard before you buy it. its going to take time and money before you can even sit in it. is that what you want? the car is not going to go up in value, is that ok? is this the vette you want? you can always find another one. i almost bought a 75, but didn't because it didn't feel right and i really wanted something that would be worth more over time. I waited and found a nice 72 that runs and i'm fixing over time while i drive it.
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Old Oct 11, 2012 | 06:52 AM
  #23  
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I think the reason we are all struggling to nail down a price is that we all have unique ideas about what WE want in a Corvette, so will all value a given car differently. The more common a car is, the easier it is to find a market to determine 'market value.' The car you are looking at, due to its mods and unfinished state, has a very narrow market, and a huge variation in what it might be worth to each of us. I think many would not give anything for that car, so we politely remain silent rather than state that sentiment. Here's the approach I took to value the Vette I bought, maybe it will help you determine the value of yours, to you.

First, I decided I wanted a driver, something I could put a few thousand miles on each year. Show cars and very original survivors are cool to see at shows, but I would be afraid of putting alot of miles on a car like these due to the wear and tear of regular use. So originality and $10k paint jobs were something I did not care alot about. Restorations that move a car toward where I wanted it to be, had value to me. For example, the prior owner of my '80 put a fiberglass rear spring in it. Not original to an '80, but makes it a better driver (to me.)

Second, I watched the market for a few months to see what a completed car would cost. I checked ebay "Completed Auctions", whether it actually sold, or even if it received bids but did not sell, I could see what others would be willing to pay for it. I found that the car I wanted, with everything done that I would do to it, would cost me around $12k - $15k. (If I had that much to spend at the time, I would have been done.)

On the other extreme, I looked at what it would cost to buy a basket case and restore it from scratch - again keeping in mind the restoration would be to create a comfortable driver. When my estimate ran over $25k, I stopped adding - not the way to go for me.

This exercise gave me a frame of reference to evaluate cars that were partially complete, and what I would be willing to pay for one. I ended up buying the car in my avatar in May 2011, even though it was 650 miles from home. It had thousands of dollars of chassis work done in the past few years, stuff I would not need to redo myself. The recent paint job has it flaws, but is very nice for a driver, and will work for me for several years. The interior needed everything replaced, so I am looking at spending thousands more over the years. The engine is "tired" and will need rebuilt or replaced after a while, but it starts every time and runs fairly well, so it keeps me on the road. The key for me is that the car is on the road TODAY. I got it for a little over $8k. Some would consider this a great deal (I do!), others would say I spent too much. I'll probably spend more over time than the $12k - $15k for a completed car, but that's the price of enjoying my car now instead of later.

Bottom line - figure out what you want in the end, and what the different paths to that end will cost you, and you will be better able to place a value on this car.

Last edited by indydoug; Oct 11, 2012 at 06:57 AM.
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