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So what? You still own a 69 Corvette. On what planet is a C3 Corvette a "financial investment". Sorry for bold response, but it gets old. Nothing about owning any classic car makes any financial sense. Neither does golf, private airplanes, soccer, owning a boat, or anything else that we do to fill our time. Its what money is for. Anyways, I personally think the OP should enjoy what he has found, no matter what it cost.
The OP started a thread asking if this project was worth the time and money he anticipated. Responses regarding market and value are more than reasonable considerations to that end.
and if you are going to bring up restomod value, don’t forget these $200k restomods that sell at auction are costing $300k to build.
If you personally choose to ignore the market and accepted values, that totally up to you, but Im not sure its great advice when someone asks about investing time and money into a project unless they are aware of all the particulars.
The OP started a thread asking if this project was worth the time and money he anticipated. Responses regarding market and value are more than reasonable considerations to that end.
and if you are going to bring up restomod value, don’t forget these $200k restomods that sell at auction are costing $300k to build.
If you personally choose to ignore the market and accepted values, that totally up to you, but Im not sure its great advice when someone asks about investing time and money into a project unless they are aware of all the particulars.
Sorry.....I disagree. Real value is more than some resale value the "market" says the car is worth, i.e. is "resale" value all that matters? Restoring a car is way too much work just to worry about how much you could sell it for later. I didn't do all that work to sell it. I did all that work to enjoy it, know the car, make it a good driver, and I think that is the most important part of the value equation. But I will say nothing more.....I never win this arguement on this forum, because too many people are wrapped up in "market" values. Which means to me that these folks own the cars for some dollar investment, not to KEEP the car and enjoy it. Two different hobbies.
Last edited by Shovels and Vettes; Apr 12, 2021 at 09:31 AM.
From: Loud, Raw and Dangerous 1968 327 4S in Southern California
Originally Posted by VelocityZo6
Thanks for all the replies guys. I'm going to see if I can find the tank sticker. We haven't even discussed prices as it's more of a sentimental value kind of thing to her. I'm just trying to determine if it's worth sinking upwards of 6 figures to fully restore the car being the original engine is gone. I was assuming a 390hp car I'd be upside down on after the restoration costs.
And then there's me... never had a 'plan' for what I was going to do, just fixed and improved stuff over the years. If I had thought about it I probably would have never done it!
My boss bought a 2017 Z06 Corvette for over $100,000 with the options he selected. He drove it 500 miles over a year or so......500 miles.....total. When he decided to buy a new ZR1 C7, he tried to sell the Z06, or trade it in, and could not get more than $65,000 for it. 500 TOTAL MILES.....always garaged.....perfect condition. He lost over $35,000.
I bet he regrets THAT! What a loss. These are CARS... people... not goddamn stocks. I hope the new owner drives the **** out ov that Vette.
So I've been searching for a while and through word of mouth I found a 69 Vette through a friend. The car needs a total restoration but it is an original 427 Big Block car. The car was this older lady's soms car who unfortunately passed away. The original motor is missing but I have the Vin. Is there any way I can find the build sheet with just the Vin? I know there was originally a Tank sticker build sheet but just wondering what else more obvious i can look for to see if its worth buying and restoring it. I'd it's an original 390hp car it's probably not worth the money, time and effort i assume. Thanks in advance!
Did i read that right? You are wondering if a 'barn find' 69 427 Vette is worth buying? I dont mean to be an ***, but did you hit your head? ITS A 69 427 VETTE! Even if the original engine block comes in two separate halves and the birdcage bends to the touch its worth buying. Restoring? Maybe not, but why does every car need to be restored? I think ov the damage that word has done to the old car hobby and my blood pressure rises. If restoring is your thing, then sure, there's a decision there, but someone else might want it. Buy it and build it. Enjoy it. Poor people like me will never have the chance. Even luck doesn't favor the poor... as only rich people seem to unearth these barn treasures. You know what i find in barns? Rats, birdshit, and methheads.
Besides... even if you overpay for it right now... even 10K over going price... Just wait a few years. In 2031 you'll be telling people how you scored some roach 427 car for only 30K...
I am curious though... if you want a restored car, why not just buy one? You can pick your car from hundreds out there, and its DONE. You'll save a fortune. You KNOW if you restore a (lets guess here...) 10-15K car you'll end up spending 60K on it. What could you buy right now for 75K?
It's probably not "worth" restoring, unless you enjoy the journey. But if the rest of the car is in good shape, you could have a great project car, and eventually a running 69 NOM for cheap. What do you want out of it?
You'll get much more useful feedback if you post some photos.
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