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HELP...possible '72 vert purchase

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Old Oct 25, 2005 | 01:09 PM
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Default HELP...possible '72 vert purchase

Here's the way it is described:

it has been sitting outside in the Florida sun for the past 20 odd years and deteriorated. Everything done back then has to be basically re-done again, such as turning brake rotors, changing out the u-joints which probably have rusted solid by now. The machine hasn’t moved from its spot for a long time. I have one picture of the engine/trans combo in the garage apart. The entire block and heads have to be redone machined; as I’m sure all the valves in the heads have rusted solid in place by now. As mentioned the car never came with A/C since it came from New Jersey.

He's asking $6k, which i think is in the stratosphere, but i don't want to insult him or waste him time (and mine) with going to see it and offering something really low (like $1,000). i've seen some photos and it really needs a full off restoration.

i am pretty handy with tools, etc and have done all the maintence on my C4, including prepping for paint. how much would be a good offer? should i consider it at all? the car really needs work, inside, outside and mechanically, but over time i think it would be a worth while project. and and all thoughts are appreciated.
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Old Oct 25, 2005 | 01:23 PM
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Not a thing wrong with an asking price of $6K.
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Old Oct 25, 2005 | 01:27 PM
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whoa...then c3's are outta control price wise. i can't believe a car that doesn't run, possible shot motor (and trans and suspension?), trashed interior and faded paint would still pull $6000.
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Old Oct 25, 2005 | 01:45 PM
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Chrome bumper C3s are getting up there in price. Go and try to find a C2. Completly wrecked C2 cars are pulling in 5 figures sometimes. Figure you are going to have to replace pretty much everything on the car. If you do it a very rough estimate is 30K. You also want to check out the frame and bird cage. This can make the cost and hassle go way up. If that is rusted you might want to pass on the car because you will be totally replacing the whole car. You are buying a VIN number. Not trying to discourage just take it from someone who has been there.
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Old Oct 25, 2005 | 03:28 PM
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"You are buying a VIN number."

That is so true.
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Old Oct 25, 2005 | 03:37 PM
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well i hope that people are "buying VIN Numbers" when my 85 is 33 years old
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Old Oct 25, 2005 | 03:45 PM
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In my opinion...it's a parts car worth 3K. Deep deep pockets gets it back on the road.
After all the flooding in Florida, are you sure you want to buy anything from there???
Good luck with your decision.
Eddie
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Old Oct 25, 2005 | 03:55 PM
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what is the spec of the car? Is it a Big Block vert or a low horse 350? Heck I'd pay more than that for an LT1 vert.... know what I mean?

carbster

I know where there is a 66 vert no motor and cut up body. I would buy it in a minute for 10k if my buddy would sell it.

The thing is it will still be there in 20 years....

CC
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Old Oct 25, 2005 | 04:21 PM
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Originally Posted by Silvr77
In my opinion...it's a parts car worth 3K. Deep deep pockets gets it back on the road.
After all the flooding in Florida, are you sure you want to buy anything from there???
Good luck with your decision.
Eddie
heck, this thing needs a parts car of its own...and as far as flooding, its in Orlando and we fared pretty well...anyway...i was hoping that i could scoop it up for nothing and slowly put it together with spare cash...i know people that know people that could do some of the machining work that needs to be done...and i can twist a wrench pretty good...i love the looks of the C3...but not so much to buy a basket case for $6K.
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Old Oct 25, 2005 | 05:33 PM
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Originally Posted by Orlando85UCFvette
heck, this thing needs a parts car of its own...and as far as flooding, its in Orlando and we fared pretty well...anyway...i was hoping that i could scoop it up for nothing and slowly put it together with spare cash...i know people that know people that could do some of the machining work that needs to be done...and i can twist a wrench pretty good...i love the looks of the C3...but not so much to buy a basket case for $6K.
I remember when somebody was selling their '68 327 vert with 4 speed in California (was it 'Cali'?). He was asking around $15K and that car looked straight and true. If I were buying a chrome bumper for fix-up, I would prefer to start with something that is driveable and in very good driveable condition. Even driveable vettes need work; just look at my '80... a total of $20K spent including the $8.3K price and I'll be lucky to get $10K for it (perhaps a bad comparison). Remember, if the total cost of the resto is more than a pristine example is worth, you may want to keep looking. Although, if you have deep pockets...

Best of luck in your decision.
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Old Oct 25, 2005 | 05:44 PM
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That car will need to be completely restored from what you say. I wouldn't pay $6k for it,not sure I'd go for $3k and I do all my own work. Maybe,but I'd have to look it over real close. What options,is it numbers matching,do you want it to drive or think of it as an investment? By the time you get it back on the road you could have bought a good driver for probably less.
Find a corvette guy who knows these years and have him look it over with you. Write down everything he sees, price it out with any vette vendor and add 15%-25% on top of that.

Good luck, if it were that a good of a deal it would have been gone in a day.

Gary
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