Need your opinion please
Thread Starter
3rd Gear
Joined: Jul 2009
Posts: 3
Likes: 0
Need your opinion please
This is Gary's wife Sandy asking for your honest opinions. Gary was laid off last week and I may have to sell the vette to help us out. It's a 76 L48, I know it's not a very desirable year. My questions are. In 2005 the body and engine were removed and a new frame was installed. Plus everything on in was replaced and I mean everything, including floor pans. You guys know all the parts and labor involved. Could this chasis be used in other year vettes and basically have a car that would be almost new? I know the value is in the restoration but what could I ask for in a fair price? This is not a parts car, body and engine? yes if you choose. The engine is mostly original with a rebuild in the early 90's. Don't beat me up too bad, just some advice if you can. Thanks Sandy
Team Owner
Joined: Jan 2006
Posts: 37,637
Likes: 3,118
From: Crossville TN
The 'value' of a collector car is not the sum value of the components within it. The bulk of the value is in the legitimacy of the car....original configuration with the original engine/frame and in good operating condition. You can put a lot of money into upgrade parts, but that doesn't get you any real return on that investment. Will someone want the frame and all the new 'mechanicals'? Of course. Will they pay enough to cover the expenditures made? Not likely. Certainly, the car will have more value than what it had before the upgrades...but not nearly equal to the amount invested. Personally, it would be best to hold onto the car until the economy improved and you could get more for a non-standard, mid-70's Corvette. If that is not an option, sell the complete car (not parts or separated) and market it to someone who values the mechanical integrity of the upgraded vehicle. That would be to someone who wants a C3 but can't do any repair work themselves; and they are willing to pay extra for greater reliability. Don't focus the ads on the car's "originality"; focus it on it's "trouble-free" condition. Sorry you have to sell it. Hope things turn around soon.
Team Owner
Joined: Sep 2006
Posts: 31,274
Likes: 4,366
From: Westminster Maryland
Hi Sandy,
I agree with the points 7T1 made.
I'm afraid you're not going to be able to turn the car into very much cash or very quickly.
Finding someone with money to spend these days is pretty frustrating at best.
I hope you can come up with another plan.
Regards,
Alan
I agree with the points 7T1 made.
I'm afraid you're not going to be able to turn the car into very much cash or very quickly.
Finding someone with money to spend these days is pretty frustrating at best.
I hope you can come up with another plan.
Regards,
Alan
