Advice on maximizing value for 71
Thread Starter
Intermediate
Joined: Feb 2002
Posts: 26
Likes: 0
From: Sheridan Wyoming
Advice on maximizing value for 71
I purchased a 71, 350/270, Man., with 42,000 original miles. The car is in very good shape, the average person on the street would probably say it's in perfect shape. I don’t know of anything that’s not working on the car, down to the radio & clock. On the other hand the car is 31 years old. Some imperfections in the paint, the chrome is showing rust on the backsides of the bumpers etc.
My Question: Could it be a mistake, from an investment point of view, to think of restoring the car.
This is my first vette & I LOVE IT!!
Thanks in advance!
Mike
My Question: Could it be a mistake, from an investment point of view, to think of restoring the car.
This is my first vette & I LOVE IT!!
Thanks in advance!
Mike
Race Director
Joined: Aug 1999
Posts: 18,126
Likes: 174
From: WI
Re: Advice on maximizing value for 71 (Mike1971)
mike1971,
From my point of view it sounds like you have a nice "survivor" leave it alone. The cars that bring big money are the all original (or restored) big HP cars which 270hp is not. My advice is to drive it and enjoy it. I have a friend who deals used Corvettes and he tells me for every dollar you spend in NON stock modifications you can deduct two dollars from the value so be careful what you change. ...redvetracr
From my point of view it sounds like you have a nice "survivor" leave it alone. The cars that bring big money are the all original (or restored) big HP cars which 270hp is not. My advice is to drive it and enjoy it. I have a friend who deals used Corvettes and he tells me for every dollar you spend in NON stock modifications you can deduct two dollars from the value so be careful what you change. ...redvetracr
Team Owner
Joined: Jun 2001
Posts: 43,136
Likes: 155
From: Thomson Georgia
Re: Advice on maximizing value for 71 (redvetracr)
mike1971,
From my point of view it sounds like you have a nice "survivor" leave it alone. The cars that bring big money are the all original (or restored) big HP cars which 270hp is not. My advice is to drive it and enjoy it. I have a friend who deals used Corvettes and he tells me for every dollar you spend in NON stock modifications you can deduct two dollars from the value so be careful what you change. ...redvetracr
From my point of view it sounds like you have a nice "survivor" leave it alone. The cars that bring big money are the all original (or restored) big HP cars which 270hp is not. My advice is to drive it and enjoy it. I have a friend who deals used Corvettes and he tells me for every dollar you spend in NON stock modifications you can deduct two dollars from the value so be careful what you change. ...redvetracr
Safety Car
Joined: Jan 2001
Posts: 4,660
Likes: 3
From: South Central Louisiana
St. Jude Contributor
Re: Advice on maximizing value for 71 (Mike1971)
Mike1971, PLEASE!!!!! register your car in the 71 registry.
http://www.71corvette.com
And post some pics if you can. WELCOME TO THE FORUM. You will enjoy it here. :)
http://www.71corvette.com
And post some pics if you can. WELCOME TO THE FORUM. You will enjoy it here. :)
Race Director
Joined: Feb 1999
Posts: 19,659
Likes: 34
From: Lenoir City Tennessee
Ci 6, 8 & 10 Veteran
St. Jude Donor '05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15
Re: Advice on maximizing value for 71 (71,454,4spd)
Congrats Mike it sound like you have yourself a very nice vette. I wouldn`t do a thing to it except drive, drive, drive. Set up a home page here and post some pics for us to see.
Le Mans Master
Joined: Aug 2000
Posts: 6,273
Likes: 14
From: Austin TX
Re: Advice on maximizing value for 71 (Mike1971)
Keep it looking all stock. Internal engine mods OK. If you want to upgrade radio/cassette/CD, use Custom Autosound that doesn't require console mod.
Go through the suspension and replace all bushings - use GM rubber or Guldstrand hard rubber for a driver. I suggest Koni shocks and BFG T/As for a nice ride.
Don't think of your Vette as an investment. If you take very good care of it, you will recover more of your cost than you will with a Camaro, Mustang, etc. But unless you have a very rare car or find a buyer with an emotional need ("It's just like the car I had in high school!"), you won't make any money on it.
Original, documented cars tend to hold value better because the buyer knows exactly what he is buying. Check in with NCRS and get your car certified as a survivor.
Go through the suspension and replace all bushings - use GM rubber or Guldstrand hard rubber for a driver. I suggest Koni shocks and BFG T/As for a nice ride.
Don't think of your Vette as an investment. If you take very good care of it, you will recover more of your cost than you will with a Camaro, Mustang, etc. But unless you have a very rare car or find a buyer with an emotional need ("It's just like the car I had in high school!"), you won't make any money on it.
Original, documented cars tend to hold value better because the buyer knows exactly what he is buying. Check in with NCRS and get your car certified as a survivor.
