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My apologies in advance if I am / have broken rule with this post. I have been reading the posts here for a while as I'm beginning my research. I have wanted a corvette since I was a kid, and I'm finally in a position to enjoy one. While I love the new technology, I love the old school design. So, I'm looking around a little.
I came across this local ad. My gut says this is high, but I thought I'd post it and get some other thoughts. I'm hoping to find someone local to really assist with my search as I go forward and really guide me along in making a quality purchase that fits my desires. I really appreciate any thoughts.
If you're looking for NCRS originality, then obviously this isn't the car. NCRS does have a new class called Concours that includes modified cars, and this would judge very well. If you are looking for a Vette that just needs to represent the era, this looks like a quality example, for sure.
This car would be too expensive for me, but as has been said and shown before, prices are rising rapidly. Too me, the correct price/value for you would be the price that you and a seller would agree on. The objective is that both are happy with the deal at the end.
Some food for thought would be the total dollars you would have to pay to buy a "driver" car and take it to the condition that you aspire to. The Phoenix car, in my mind, probably cost the owner much more than the asking price of $67,500 FWIW,
Nice looking car but seller is asking C2 money and I just don't think the C3's are there yet. Consider what you can get for the same money: This one very expensive, non-original C3 priced higher than 99% of all other C3's on the market, or you could choose from a whole field of C2's in a similar price range. Granted they would probably be small block cars rather than big blocks but the C2's are rock solid while the C3's are certainly stronger than they were a few years ago, but still on the climb, mostly due to the 15 year body style run, some are more collectible than others. I think you can find a big block C3 in stellar condition for $15-20K less than this one. Another thing to consider with a custom car like this is the more you drive it, the more you'll drive the value out of it. It is at it's highest value right now, freshly finished. Where a very original, numbers matching car in similar condition will steadily increase in value.
Compare these Corvettes (C1, C2, C3) at similar and lower prices:
widen your search as much as possible & taking road trips to go look is part of the fun and the more you look at the more you learn
ck
ebay
craigslist
facebook market place
and take some time looking
45-50k car although he probably has over 80k in it........
No overall pics of the stance....the wheels seem to have too much backspace......
For this kind of money...the wheels and stance should drop panties.....
About a 20k paint job and love that they didn't go LS on it......that LS-5 with a 5 speed is probably a rip!
Overall a knockout......but a little too dear.....
I agree with all that have said that this is far too much for this particular car. I wouldn't be surprised if the seller has that into it, but that doesn't mean he's entitled to recoup his entire investment. Restomods are still limited in desire, what is your intent with this car? A trailer queen for car shows? Weekend, sunny day drives? As was mentioned, the minute this becomes a driver, value will begin diminishing immediately. I honestly don't see you ever recouping your investment should you choose to sell one day. Personally, if I were out spending 40k and up for a C-3, it would be for an original, fully restored LT-1 or LS-5 car, something that would retain it's value, or even appreciate.
I came across this local ad. My gut says this is high, but I thought I'd post it and get some other thoughts. I'm hoping to find someone local to really assist with my search as I go forward and really guide me along in making a quality purchase that fits my desires. I really appreciate any thoughts.
I see that the Craigslist posting has expired. Did you end up purchasing this car?
I did not. I was very fortunate (I believe) to get another car which should be delivered tomorrow ('69 convertible). I did go look at this nice restored car. The seller had put a lot of work into it; car was really nice. It was just too expensive, and he wasn't going to move off the price point. Perhaps he found a buyer; or he may have just taken the ad down. He was a bit of a quirky guy who I could see being difficult. I went on a test "ride" rather than a test "drive" ha.
...I went on a test "ride" rather than a test "drive" ha.
I have bought several cars after a test ride. And passed on one. Seeing how a car is driven by its current owner, especially if a stick, garners much valuable data.