Go Back  CorvetteForum - Chevrolet Corvette Forum Discussion > C3 Corvettes, 1968 - 1982 > C3 General
Reload this Page >

1981 Potential buy - Need experienced opinions please

Notices
C3 General General C3 Corvette Discussion not covered in Tech
Sponsored by:
Sponsored by:

1981 Potential buy - Need experienced opinions please

 
Old 02-08-2019, 12:07 AM
  #1  
Skootter14
Junior Member
Thread Starter
 
Member Since: Jan 2019
Posts: 14
Thanked 1 Time in 1 Post
Default 1981 Potential buy - Need experienced opinions please

There is a chance I take a stab at this 1981 vette. The gentleman owning it said it was an '81 with an L82 engine (you can even seen the marks of the tape for the L-82 badges). The problem with that is. . . .in all my research (and VIN look up) it def came with the L81. The trim tab also shows a dark blue interior with white paint (code 10L). I am not sure if this car is too far gone or not and need people with more experience to lend their input.

As for mechanical skills, I have a toyota tacoma, mid travel "race" suspension, supercharged, piggyback ECU that overwrites the OEM one when needed, glass fenders, on 35's, stand alone fuse block for all accessories (compressor, rear locker, lights, winch) blah blah blah, and I do ALL my own work. I am comfortable working on cars.

My concern with this one in particular is the rust in the floor boards and the fact that the dash may be missing completely. Is this something a confident person on cars should run away from?

Also, how much would people offer for it? I have a number in mind but dont want to sway anyone's opinion. The rear suspension has supposedly been redone and cost like $2,200 according to the owner.

Please, flood me with your thoughts.

(the gentleman mentioned at one time he was looking for 4k for it, but now 3k may be reasonable. I personally think its worth less than 3k.....by a good amount. Please advise).













Skootter14 is offline  
Old 02-08-2019, 12:28 AM
  #2  
MRANT212
CF Senior Member
 
MRANT212's Avatar
 
Member Since: Sep 2005
Location: Manalapan New Jersey
Posts: 1,520
Thanked 27 Times in 26 Posts
Default

Wouldn’t recommend it at all! Helluva lot better deals out there than that. Rust, interior, body, there’s not one good thing based on what I’m looking at. You can find a better car at a similar price.
MRANT212 is offline  
Old 02-08-2019, 12:46 AM
  #3  
NONN37
CF Senior Member
 
NONN37's Avatar
 
Member Since: Mar 2006
Location: 213, 909, 626, 951 CALIFORNIA REPUBLIC
Posts: 336
Thanked 63 Times in 57 Posts
Default

yeah. youre looking at least 5k alone in parts to get interior and trim gauges dash electrical etc. Theres much better out there for that money.
Id probably be a buyer at like 700 bucks lol. I can make my money back on the wheels and drivetrain if it turns out its a rust heap based on the rustoleum painted floors.
NONN37 is offline  
Old 02-08-2019, 01:10 AM
  #4  
DKM-106
CF Senior Member
 
Member Since: Aug 2013
Posts: 258
Thanked 15 Times in 14 Posts
Default

Walk away, actually maybe run away from it! There are a ton of nice project 73-82's out there. My advice is to buy the best car you can afford. Having restored these cars I can tell you it is always way more to restore them than you think. Even if you are going to do a restomod and not original, I would start with a much better car, it will make a way better car in the long run. Good luck!
DKM-106 is offline  
Old 02-08-2019, 07:07 AM
  #5  
nutsy
CF Senior Member
 
nutsy's Avatar
 
Member Since: Sep 2007
Location: PA.
Posts: 2,096
Thanked 35 Times in 29 Posts
Default

I agree, don't walk. RUN.. you would be upside down about 4 times over by the time its done.

Last edited by nutsy; 02-08-2019 at 07:09 AM.
nutsy is offline  
Old 02-08-2019, 08:37 AM
  #6  
SMF
CF Member
 
SMF's Avatar
 
Member Since: Dec 2007
Location: Marietta, Georgia
Posts: 72
Thanked 11 Times in 11 Posts
Default

Whew, I wouldn't touch that with a ten foot pole.
SMF is offline  
Old 02-08-2019, 09:14 AM
  #7  
ratflinger
NCM Grand Opening Veteran
Support Corvetteforum!
 
ratflinger's Avatar
 
Member Since: Sep 2005
Location: Obscurification is a practicable art!
Posts: 14,280
Thanked 35 Times in 28 Posts
St. Jude Donor '11, '17
Default

Agree with all the above and the only way that rear suspension would be worth anything is if it were still all in a box, new.
ratflinger is offline  
Old 02-08-2019, 09:22 AM
  #8  
Fast81
CF Senior Member
 
Fast81's Avatar
 
Member Since: Aug 2003
Location: dayton oh
Posts: 2,695
Thanked 16 Times in 16 Posts
Default

$1000-1500 TOPS
Gutted interior, paint trashed, sitting since Reagan was president, engine bay has more dirt than a garden. WALK
Fast81 is offline  
Old 02-08-2019, 09:29 AM
  #9  
Bikespace
CF Senior Member
 
Bikespace's Avatar
 
Member Since: Mar 2017
Location: Vienna VA
Posts: 1,241
Thanked 183 Times in 169 Posts
Default

All that land, and he couldn't be bothered to build a garage, or even a carport/shelter. That would have been a better use of the rear-end rebuild money.

Neglect killed that car. There are lots of better cars for the same or a bit more that won't leave you $15K in the hole before you begin.

If you can get it for a few $hundred, the rear end could be swapped to another 80-82, assuming the differential and trailing arms were properly rebuilt.
Bikespace is online now  
Old 02-08-2019, 09:55 AM
  #10  
Big2Bird
CF Senior Member
 
Big2Bird's Avatar
 
Member Since: Dec 2006
Location: Anaheim Ca.
Posts: 6,904
Thanked 425 Times in 398 Posts
Default

I see $20K to build a $10K car.
Big2Bird is offline  
Old 02-08-2019, 10:17 AM
  #11  
HeadsU.P.
CF Senior Member
 
HeadsU.P.'s Avatar
 
Member Since: Aug 2017
Location: Cool Northern Michigan
Posts: 1,916
Thanked 325 Times in 310 Posts
Default

If you buy that car, you will make three dozen mice homeless.
And yourself.

It would make a good Parts Car though.

Last edited by HeadsU.P.; 02-08-2019 at 10:19 AM.
HeadsU.P. is offline  
Old 02-08-2019, 10:43 AM
  #12  
Douglas Mariani
CF Senior Member
 
Douglas Mariani's Avatar
 
Member Since: Apr 2008
Location: Anaheim Hills California
Posts: 2,002
Thanked 89 Times in 54 Posts
Default

Originally Posted by Big2Bird View Post
I see $20K to build a $10K car.
Douglas Mariani is offline  
Old 02-08-2019, 01:08 PM
  #13  
larryg3
CF Senior Member
Support Corvetteforum!
 
larryg3's Avatar
 
Member Since: Apr 2008
Location: Antioch IL
Posts: 1,864
Thanked 20 Times in 20 Posts
Default

I would run from that car. that is a parts car at best.
larryg3 is offline  
Old 02-08-2019, 01:18 PM
  #14  
stingr69
CF Senior Member
 
stingr69's Avatar
 
Member Since: Mar 2004
Location: Little Rock AR
Posts: 4,068
Thanked 104 Times in 100 Posts
Default

Instant "Divorce Kit", Just add MONEY!!!!
stingr69 is offline  
Old 02-08-2019, 07:57 PM
  #15  
Johnnycyclone
CF Senior Member
 
Johnnycyclone's Avatar
 
Member Since: Jan 2015
Location: Dundee MI
Posts: 253
Thanked 29 Times in 26 Posts
Default

Looks like a lot of work, a lot of time and a lot of money. How do I know? I bought one in similar condition about 4 years ago and have experienced all three, lot's of work, lot's of time, and lot's of money. Would I do it again? Yep I sure would. I'm already thinking about the next project! Will I get my money back? Nope, never had that expectation. I do it because I love spending time in the garage working on it, that's where I get my money back. It's not for everyone, so I guess it's up to you but that's a big project and will take a good chunk of time and money. Check out my thread and see what it might entail. Good luck in your search, hope this helps.

https://www.corvetteforum.com/forums...ect-build.html
Johnnycyclone is online now  
Old 02-09-2019, 01:25 AM
  #16  
PeterC3
CF Senior Member
Support Corvetteforum!
 
PeterC3's Avatar
 
Member Since: Feb 2017
Location: Anarchist Mt. BC
Posts: 302
Thanked 31 Times in 29 Posts
Default

Originally Posted by Big2Bird View Post
I see $20K to build a $10K car.
That is sooo optimistic...
PeterC3 is offline  
Old 02-09-2019, 09:18 AM
  #17  
Johnnycyclone
CF Senior Member
 
Johnnycyclone's Avatar
 
Member Since: Jan 2015
Location: Dundee MI
Posts: 253
Thanked 29 Times in 26 Posts
Default

A good sounding board on pricing is to look at the completed sales on ebay. You can look at all the ones that have sold in the last several months and what they sold for. I did a search on 80-82 and here is what you will find. These are the most recent sales dating back to November.

Projects - needs full restoration, but are complete cars - $1,600-$2,200
Drivers - one level above a project, probably still needs a lot of work, but are drive able - $5,000-$8,000
Higher end - these are the ones that probably don't need much or any work at all, low miles, nice paint, most everything works as it should, just not a fully restored car. $8,000-$14,000
Restored - only one example found, but it sold for $19,900

These are actual sales so the numbers will give you an idea on what to expect.
Johnnycyclone is online now  
The Following User Says Thank You to Johnnycyclone For This Useful Post:
Skootter14 (02-09-2019)
Old 02-09-2019, 10:17 AM
  #18  
7T1vette
CF Senior Member
 
7T1vette's Avatar
 
Member Since: Jan 2006
Location: Crossville TN
Posts: 30,183
Thanked 977 Times in 883 Posts
Default

Unless you specifically need some parts from this car, forget it. There's not enough left to start a project. The low dollar price sounds good; but add the cost of the parts needed, and then compare that to the cost of a decent [and complete] car which you could purchase for $5-7K. It's a 'no brainer" to walk away from this one.
7T1vette is offline  
Old 02-09-2019, 11:00 AM
  #19  
kenba
CF Senior Member
Support Corvetteforum!
 
kenba's Avatar
 
Member Since: Apr 2007
Location: PHOENIX AZ. WHAT A MAN WON"T SPEND TO GIVE HIS ASS A RIDE
Posts: 2,656
Thanked 102 Times in 85 Posts
Default

If you buy it & put 15000.00 in parts not counting paint plus your labor you could possibly get 7000.00 for it
kenba is offline  
Old 02-09-2019, 01:47 PM
  #20  
CA-Legal-Vette
CF Senior Member
 
CA-Legal-Vette's Avatar
 
Member Since: Jul 2004
Location: Scottsdale Arizona
Posts: 8,475
Thanked 133 Times in 126 Posts
Default

Originally Posted by Big2Bird View Post
I see $20K to build a $10K car.
A little optimistic on both numbers but I agree otherwise. If he gave you $10k to take the car, youd end up upside down by the time its roadworthy.
CA-Legal-Vette is offline  

Thread Tools
Search this Thread
Quick Reply: 1981 Potential buy - Need experienced opinions please


Sponsored Ads
Vendor Directory

Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: