Whats it worth?
Thread Starter
Instructor
Joined: Jun 2012
Posts: 212
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Whats it worth?
A 1982 L82 manual gearbox, full frame off everything cleaned painted or replaced. Has new brakes and lines, fuel lines, calipers and rotors, tires, suspension, bushings, spirngs and leafs, most of the wiring, mojority of the seals.
Has new paint.
Engine has mild cam 600 holley aluminium intakes.
It needs the seats, carpets and door cards, misc wiring, tail lights and lots of little finishing bits.
I havent done a project like this before and have no experience of working with corvettes. Im mechanically minded and have worked on cars in more of a maintainance capacity but plan to do it over winter.
What sort of money is this worth in this condition and time of year?
Has new paint.
Engine has mild cam 600 holley aluminium intakes.
It needs the seats, carpets and door cards, misc wiring, tail lights and lots of little finishing bits.
I havent done a project like this before and have no experience of working with corvettes. Im mechanically minded and have worked on cars in more of a maintainance capacity but plan to do it over winter.
What sort of money is this worth in this condition and time of year?
Team Owner
Joined: Jun 2000
Posts: 38,923
Likes: 1,482
From: Southbound
Cruise-In II Veteran
What's the seller asking?
If the car is as you describe, it is not stock. There were no L-82s after the 1980 model year; all 1982 Corvettes had crossfire injection and automatic transmissions.
What would time of year have to do with purchasing the car?
Do you have pictures of this 82? If so, post them.
...in this condition...
...and time of year?...
Do you have pictures of this 82? If so, post them.
Thread Starter
Instructor
Joined: Jun 2012
Posts: 212
Likes: 0
What's the seller asking?
If the car is as you describe, it is not stock. There were no L-82s after the 1980 model year; all 1982 Corvettes had crossfire injection and automatic transmissions.
What would time of year have to do with purchasing the car?
Do you have pictures of this 82? If so, post them.
If the car is as you describe, it is not stock. There were no L-82s after the 1980 model year; all 1982 Corvettes had crossfire injection and automatic transmissions.
What would time of year have to do with purchasing the car?
Do you have pictures of this 82? If so, post them.
So im looking for a rough value of something like this with all what i have listed has been installed, changed or renovated and at the stage its at, with the work left to do on it. Its no trick question lol.
And cars like this have better value in spring time rather than just before winter... due to supply and demand right?
Team Owner
Joined: Sep 2006
Posts: 31,285
Likes: 4,374
From: Westminster Maryland
Hi Brady,
We really are giving you a hard time.... sorry.
Completed cars, ready in every way to drive and enjoy do better in April than October generally; but a 'project' car is always a project car, any time of the year.
Finished cars always bring more money and have a wider appeal than 'project' cars; do you know why this one wasn't finished.
Sometimes people discover something during the process that makes them just want to get out from under it. Could that be the case with this car?
Regards,
Alan
We really are giving you a hard time.... sorry.
Completed cars, ready in every way to drive and enjoy do better in April than October generally; but a 'project' car is always a project car, any time of the year.
Finished cars always bring more money and have a wider appeal than 'project' cars; do you know why this one wasn't finished.
Sometimes people discover something during the process that makes them just want to get out from under it. Could that be the case with this car?
Regards,
Alan
Thread Starter
Instructor
Joined: Jun 2012
Posts: 212
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Thanks Allen,
Apparently he just lost interest, doesnt have the time or space due to a divorce and nowhere to store it.
Majority of the hard work is done and the fabrication is apparently finished.
I know its not a typical example to give a price to, i was just looking for a rough value to gauge it really.
Apparently he just lost interest, doesnt have the time or space due to a divorce and nowhere to store it.
Majority of the hard work is done and the fabrication is apparently finished.
I know its not a typical example to give a price to, i was just looking for a rough value to gauge it really.
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Team Owner
Joined: Jun 2000
Posts: 38,923
Likes: 1,482
From: Southbound
Cruise-In II Veteran
Extremely difficult to speculate which is why I asked what the seller was wanting for the car. If that figure is within reason, you may have something to look at. If the seller thinks the car is worth more than it probably is and has it priced unreasonably, you can eliminate a potential hassle.
Not in my book. I've purchased three. One in April and the other two right about this time of year.
Look at it this way: if you actually want this car and decide to wait until next spring, the car might be long gone by then.
No disrespect Brady, but your oriignal post does not mention that you know this car has been modified. Why you do say is that you have no experience with Corvettes. My intention was to ensure that you knew there were no L-82 four speed Corvettes produced in 1982.
...And cars like this have better value in spring time rather than just before winter... due to supply and demand right?...
Look at it this way: if you actually want this car and decide to wait until next spring, the car might be long gone by then.
No disrespect Brady, but your oriignal post does not mention that you know this car has been modified. Why you do say is that you have no experience with Corvettes. My intention was to ensure that you knew there were no L-82 four speed Corvettes produced in 1982.
Last edited by Easy Mike; Oct 3, 2012 at 03:06 PM.
Team Owner
Joined: Sep 2006
Posts: 31,285
Likes: 4,374
From: Westminster Maryland
Hi Brady,
Still VERY difficult to make a guess on a non-original car that we haven't seen even one picture of.
I'll guess $3500-$4500 ?
Since you mention a divorce maybe even less?
This will get you to the top again for some new views too!
Regards,
Alan
Still VERY difficult to make a guess on a non-original car that we haven't seen even one picture of.
I'll guess $3500-$4500 ?
Since you mention a divorce maybe even less?
This will get you to the top again for some new views too!
Regards,
Alan
Melting Slicks
Joined: Jun 2009
Posts: 2,709
Likes: 3
From: Savannah GA
Here's a different take on this... figure out what the needed repairs will cost and subtract that from what you'd be willing to pay for a "done" car. Be sure to allow for the hours it will take you to refurb and install everything... your time is NOT free. If your figures don't match closely with the seller's price walk away.
Safety Car
Joined: Oct 2000
Posts: 3,593
Likes: 103
From: Southern Indiana
A 1982 L82 manual gearbox NO NO NO!
600 holley aluminium intakes. Well at a $100 a piece you could get more out of them than you would the car itself!
It needs the seats, carpets and door cards, misc wiring, tail lights and lots of little finishing bits. Right here could be over $3000
600 holley aluminium intakes. Well at a $100 a piece you could get more out of them than you would the car itself!
It needs the seats, carpets and door cards, misc wiring, tail lights and lots of little finishing bits. Right here could be over $3000
Thread Starter
Instructor
Joined: Jun 2012
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Here is email from seller......
I am selling or willing to trade this car. It is a 1982 restomod corvette. i have completely disassembled this car frame off. Every nut, and bolt has been removed. either cleaned and painted or replaced. New stainless steel brake lines, fuel lines, emergency brake components, cables, ect. new rotors, thermo quiet barke pads, goodyear eagle tires, all new suspension , bushing are all polyureathane, new front coil springs, rear leaf springs. completely new wiring for the entire car, have almost all the interior to complete this car. headlight assemblies have been completely rebuilt. all new windshield , weather seals, ect. way too much to list. seeing is believing, this car is very nice. just painted 2 months ago, cost over 4500 to paint. sonic blue
I am selling or willing to trade this car. It is a 1982 restomod corvette. i have completely disassembled this car frame off. Every nut, and bolt has been removed. either cleaned and painted or replaced. New stainless steel brake lines, fuel lines, emergency brake components, cables, ect. new rotors, thermo quiet barke pads, goodyear eagle tires, all new suspension , bushing are all polyureathane, new front coil springs, rear leaf springs. completely new wiring for the entire car, have almost all the interior to complete this car. headlight assemblies have been completely rebuilt. all new windshield , weather seals, ect. way too much to list. seeing is believing, this car is very nice. just painted 2 months ago, cost over 4500 to paint. sonic blue
Race Director
Joined: Jan 2007
Posts: 14,959
Likes: 3,353
From: NYC NY
Brady what were you looking for? An original car, stock looking car, restomod? What's your budget? This car has had a lot of work done to it no doubt. Unforunately it is far ($$$$) from finished. It is also a car that will have a very small market if you decide to sell it. Are you OK with that? This car will probably never be worth the time and money you put in it. Are you OK with that? The nose is wrong, the color is wrong, the drivetrain is wrong, and the car needs an interior (which is not cheap to say the least) as well as other work. Think about this long and hard before you leap. I have no problem with hot rod vettes but this one has too many negatives for even some one like me. I think 4K is too much. I say keep looking.
Melting Slicks
Joined: Jun 2006
Posts: 2,071
Likes: 147
From: S Nevada
Unfinished cars are hard to price. Modified cars are fine with me but not to a lot of purists. It appears that the guy put some money and serious time into it. I would guess in the neighborhood of 10k. would be a fair price for you. But there is no way I would sell it for so little. Not after all that effort.
Burning Brakes
Joined: Mar 2010
Posts: 987
Likes: 7
From: Surrey British Columbia
First of all, my heart goes out to the seller. It sounds like this Corvette restoration was a dream project for him. To have to unload it because of a divorce is heart breaking.
Anyways... back to the question at hand. What a person invests in resto-mod is not what they can expect to get back on it if they sell they thing. I'm restoring an '80. Once I get my car to this guy's condition I would guesstimate on the high side that I'll need to spend approximately $4G's to complete the whole interior to my satisfaction. The seller's car is not currently worth what he's put into it. Offer no more that $5000.00 if you really want it. Prepare to spend an equal amount to complete it. And when it's done you might not be happy driving someone else's passion.
Anyways... back to the question at hand. What a person invests in resto-mod is not what they can expect to get back on it if they sell they thing. I'm restoring an '80. Once I get my car to this guy's condition I would guesstimate on the high side that I'll need to spend approximately $4G's to complete the whole interior to my satisfaction. The seller's car is not currently worth what he's put into it. Offer no more that $5000.00 if you really want it. Prepare to spend an equal amount to complete it. And when it's done you might not be happy driving someone else's passion.
Thread Starter
Instructor
Joined: Jun 2012
Posts: 212
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Is that the general consensus of around $5k?
What about if it needed only the carpet, seat, door cards, instrument cluster, AC compressor? and it was all wired up......
How much is a realistic figure to get all those parts in good condition?
What about if it needed only the carpet, seat, door cards, instrument cluster, AC compressor? and it was all wired up......
How much is a realistic figure to get all those parts in good condition?
Thread Starter
Instructor
Joined: Jun 2012
Posts: 212
Likes: 0
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.
The door panel?.... basically what covers all the metal/framework on the inside of the door/with the handle and opener on it.