Hi , I am not a seasoned corvette person but over the last 2 yrs have been learning about these cars , and I have been working on a 70 project car for a while now .I would like to get your opinion on pricing this L46 350/350 4 speed with 68k miles that is being sold in my area.. The current owner bought it about 4 yrs ago and is the 3rd owner but due to 2 knee surgeries can not drive it that much anymore.. He told me he would rather sell it by word of mouth first to avoid the hassle that comes with advertising , but will do so if I’m not interested. The cars is mostly all there and original. I drove it recently and seems to shift well and tracks straight. First thing I did was check chassis and birdcage and all looks decent . The car was blocked sanded and painted about 4 years ago when he bought it shows well. the following is some info
#’s matching motor ,trans and diff
ps pb pw
tilt
68K miles ( I believe original )
interior very good condition no rips
burgundy black interior
paint very presentable 7/10
brakes , trailing arms bearing and most suspension parts a good
CONS
needs shocks
sway bar ,strut rods,spring,bolts and Arm bushings
Headlight fiber optics don’t work
radiator and brakes need good flush
The owner will accept 29k nothing lower . I have researched pricing and they seem to be all over the place . I would rate this car a good driver that is 80 percent original .appreciate your opinion and input on pricing and condition.. Sorry I didn’t take pics when I was there I guess I was overly excited lol . I’ll try to get some if I go further on the car . Thanks
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Good paint, numbers matching, L46 4 speed. I think his number is right on.

 

Moving to Gen Discussion.

 

I know it's not popular but Corvette DNA, if you go mid range between Driver and Excellent shows that price point.

 

yeah I did. Trying to go by actual sales and opinions. Thank u

 

Sounds like a nice car, color combo is a plus IMO.

With that said, based on your description ( in particular Matching #'s and paint condition) I'd say price seems fair.

Best of luck

 

Just me maybe but I read this 3 or 4 times, coupe or convertible? I am assuming this is a coupe? Convertibles generally sell for more than the coupes.

Haggerty is another good source for pricing. However, Haggerty is somewhat based on what owners insure their cars for so I think that is one of the reasons Haggerty is high IMO, since most try not to underinsure their auto.

I also like to watch Bring a Trailer for pricing, so you might check for a 69 L46 result there too.

Sounds like a nice 69 L46 that does not need much. Recent paint is a big plus. I must recuse myself on this one as I am a sucker for 69 988 Burgandy or any dark red Corvette! Ha Ha!

 

appreciate that thank u

 

Very fair price for a matching numbers good paint car. I say buy it. Make sure to se if he has any documents, warranty POP, bill of sale, window sticker, etc.

 

yes it’s a coupe .. my concern also is with original parts comes more cost as they start to fail ..

 

Hagerty prices a '69 L46 Coupe in #3 good condition at $29,500...

 

really not a fan of haggerty because they go off of what owners insure there car for, not the market value

 

Assuming it is a coupe with an automatic transmission.

Mine isn’t a good comparison, but I purchased a 70 convertible two weeks ago with the following: L46, 5 speed modern tranny, EFI, removable hard top, ps, pb, pw, a/c, tilt and telescoping steering, rally wheels, wire wheels, deluxe interior including leather seats for $39k. The paint is a seven.

 

L46 only came with 4 spd

 

I am aware of that. The previous owner had a five speed installed.I have the original four spped in a box.

 

In post 13 you stated assume coupe with an automatic. My comment applied to the OP's car not yours.

 

Hagerty gets 70% of their valuations from private party sales.

The rest come from auctions & dealer sales..

 

spoke with a friend of mine that works for haggerty insurance . He told me they take the high and the low and average in ALL SALES and than give you the evaluation. That is why there evaluation are higher than most and not very accurate.. I am noticing the the corvette DNA app seems to be more realistic

 

A couple of years ago I was offered $18k cash for mine at a car show.

When I got home & checked Hagerty's current value it was $18k for a #2 condition car..

 

Thought this was interesting reading from Haggerty's website just now.

Quote:

70%

Peer to Peer Sales

Sales between private parties are the main way enthusiast cars change hands. These sales are rarely reported publicly, but we monitor tens of thousands of these sales through our insurance data annually.
20%

Auctions

A relatively small percentage of enthusiast cars trade at in-person and online auctions but we closely watch these channels. We go beyond tracking sale prices by performing in-person inspections when possible to better understand the conditions and configurations of the cars being sold.
10%

Dealer Sales

Collector car dealers represent a small portion of annual sales, but those sales are usually very well informed. Dealers can describe in detail each car's specifications and history, and we've developed a broad network of reliable vehicle dealers who share their sales activity with us.


So, in my experience, there are really a lot of numbers associated with every sale, or most anyway; the number the buyer actually gave the seller, the number the buyer tells the insurance company they want to insure for (mutually agreed) and finally the number the buyer tells his friends he paid for the Corvette, LOL's!! Sometime the numbers are the same, sometimes not. I think it is really tough to know the exact value of a Corvette (or anything). A wise man told me something is worth what you can find somebody willing to pay for it.

So I think you have to resign yourself to triangulating a value from a number of different sources and then on top of that you have this whole significant condition factor to consider which is pretty subjective or not particularly exact. And as I said above, if it is a dark red Corvette, all of this analysis goes out the window, and it boils down to: do I have the money, how bad I want it, and what my better half says, ha ha!

Merry Christmas and Happy New Year to All !!!