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Thinking of buying 1970 LT-1

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Old 05-17-2018, 08:30 AM   #21  
marshal135
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Thank You,
It's important we look out for each other.
This definitely will help some unsuspecting new comer to the hobby
avoid being burnt.
Marshal




I would be very skeptical of this dealer. From what I have read I would not buy from this dealer unless I had the vehicle put under extreme scrutiny.

Read this CF forum post and the following link below of complaints:
https://www.corvetteforum.com/forums...-daisy-tn.html

https://www.google.com/search?q=ron%...hrome&ie=UTF-8[/QUOTE]
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Old 05-17-2018, 08:44 AM   #22  
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Quote:
Originally Posted by marshal135 View Post
BearCatFan9,
I've been scolded by the moderator before for not advancing the thread.

I hope this posting is not misconstrued as another non advancing reply.

Judging by your relative new interest in C-3's you went after the holy grail of small blocks.
These and big block cars are the most faked C-3's.
At $43,000, I would consider an LT1 to be an experienced enthusiast or a serious collector car.
This is not a car you look at on Tuesday and buy on Friday of the same week.

I'd recommend attending a big corvette venue like a Carlisle etc.... before ever thinking about committing to a purchase.
This is where you cut your teeth and get as much wisdom as you can absorb. You need to look at a crop of bad cars so you know a good one when it surfaces.
A real LT1 would not be bastardized like the above example described.
I would seek out some professional advise here on the forum from actual LT1 owners who have documented authentic cars.
If any are local to you see if you can make an appointment to see a real one. There are certain tell tale LT1 features which a genuine car should have.

At 43,000 do not rush to buy or you may have some serious buyers remorse later. The time to learn is before the purchase not after you buy it.

Ask a lot of questions first, read up and know the vehicle before you even begin your search.
You'll be glad you followed the advise of the older experienced members here.
Marshal
Thanks Marshal. Great insight and comments. Will do!
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Old 05-17-2018, 08:46 AM   #23  
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Originally Posted by Iceaxe View Post
1970 LT1's didn't come with a puke tank. The car in the pictures was not born an LT1 as it has way to many red flags.
What is a puke tank?
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Old 05-17-2018, 09:54 AM   #24  
bradleyb66
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Originally Posted by bearcatfan9 View Post


What is a puke tank?
The radiator expansion/overflow tank (passenger side, with the radiator cap on it).
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Old 05-17-2018, 11:23 AM   #25  
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Don't know anything about this dealer. But judging by the photos, I wouldn't buy that car if I was looking for an investment grade LT-1. That car is not an investment grade LT-1, and it's not properly "restored". Lots of things that are incorrect about it.
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Old 05-17-2018, 11:27 AM   #26  
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OP,
Chapter 2 would be a great start to learn from as he has 1.
Marshal
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Old 05-17-2018, 04:23 PM   #27  
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BearCatFan9,
Go to the cars for sale section before its gone and look at the gold 72 LT1 for sale.
This is what 40,000 ish gets you.
This is the car to spend your money on.
Marshal
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Old 05-18-2018, 07:51 PM   #28  
1974ta
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Quote:
Originally Posted by marshal135 View Post
BearCatFan9,
Go to the cars for sale section before its gone and look at the gold 72 LT1 for sale.
This is what 40,000 ish gets you.
This is the car to spend your money on.
Marshal
72 LT1 is not the same as a 70 LT1. The 70 LT1 is quite a bit quicker with the higher compression.

Kind Regards,


Bill
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Old 05-18-2018, 09:56 PM   #29  
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It's true that the 1970 LT-1 is at the top of the heap of the 3 model years that they were available, in terms of collector value. But remember that the '72 horsepower rating was measured with all driven accessories, while the '70 model was measured without. Gross vs net, definitely not an apples-to-apples comparison. So in reality, the difference in actual seat-of-the-pants acceleration is not all that great. Dial in today's crap fuel, and the '70 LT-1 with it's 11:1 compression may not perform the way it was designed to. The lower compression '72 runs fine on it though. Something to consider if you actually want to drive the car. And if you want factory A/C, the '72 is the only year that it was available. '72 is also the only year that includes an "L" in the VIN to confirm that it's a factory LT-1. Prior years require documentation to confirm. Another plus for the '72 model year.

That gold/black '72 LT-1 in the classifieds is absolutely stunning.

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Old 05-19-2018, 11:11 AM   #30  
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take several of these comments aside..
what are your requirements?
if you require a pristine 70 convertible in excellent condition, no rust LT1 option, correct on many many major original parts, and doc, then 43K ain't gonna cut it. especially from a dealer. plan on 65K plus. start subtracting for rust, lower condition, NOM, lack of authentication, etc.. and you approach a 20K car. this car seems to be somewhere in between. with the dealer mark up.. then there you are.

throw out the obvious LT1 chatter here and look at the car for what it is. a nice paint 70 convertible with no rust, good condition with incomplete proof of LT1 option. maybe high 20's to low 30's before a obvious 30% dealer markup.

you are not going to get a true no excuses LT1 1970 great condition convertible for 43K.
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