What do you think its worth?
Thread Starter
Racer
Joined: Jul 2004
Posts: 408
Likes: 0
From: Buffalo NY
What do you think its worth?
Tell me what you think this vette is worth.
https://netfiles.uiuc.edu/mpcldwll/www/vette/index.html
https://netfiles.uiuc.edu/mpcldwll/www/vette/index.html
Team Owner
Joined: Aug 1999
Posts: 30,995
Likes: 99
From: Ontario
No one has answered so I will give it a try. And my view is part subjective because I tend towards perfection. Whoever took the pics knew what to look for. It's a 1969 427/390 coupe with "lot" or "barnyard" rot but the frame looks solid despite the surface corrosion. I will assume it runs decently and needs some motor clean-up only. The vehicle appears in restorable condition. To what degree is the buyer's choice but I will assume (again) pretty solid driver appearance and status. My guesstimate to get it in that condition is $10,000-12,000. I would place the current value of the car at $6,000-8,000. Corvette Magazine places a high value of $16,000 on a "great driver" 427/390 with low options.
Last edited by Paul L; Jul 25, 2004 at 03:17 PM.
Burning Brakes
Joined: Feb 2001
Posts: 947
Likes: 46
From: Saint Cloud Florida
Figuring that its matching numbers, to make it worth it's top price of $35k to $38k it will need $20k plus and about 2 years of moderately hard labor. So in my opinion, actual worth is $9k to $12k depending on how bad you want it and how much you enjoy bringing one back.
Melting Slicks
Joined: Oct 2000
Posts: 3,023
Likes: 2
From: TEXASTEXASTEXASTEXAS TEXASTEXASTEXASTEXAS
St. Jude Contributor
I'd guesstimate a little higher than Paul & say it's probably worth $9K-$11K (assuming the drivetrain is in good working order), though I'd really check the birdcage for rust and reject it if any is found. There's on closeup pic of the VIN area through the windsheild that looked suspicious to me.
JB
JB
Thread Starter
Racer
Joined: Jul 2004
Posts: 408
Likes: 0
From: Buffalo NY
Thats what I was afraid everyone would say. The seller is asking 23K which i know is too much. The car is numbers matching with 66k miles. It runs but needs a little work and an exhaust system.
Team Owner
Joined: Aug 1999
Posts: 30,995
Likes: 99
From: Ontario
JB,
I could be persuaded to go to $12,000 which is what Corvette Magazine says it is worth: a restoreable 1969. On the cost of restoration I mentally compute the value of my own time and those who I might pay and arrive at an average value. I will admit my bias: I prefer to drive these days rather than restore. As an example, the shift console is corroded and needs replacement, the fibre-optics are gone, etc. The little things that can cost a fortune in time and money, either mine or someone else's. Corrosion is everywhere on that car and I do not have the patience to take on that kind of project.
The numbers matching issue I avoided and perhaps I should not have as it is an important consideration for some. But the original post did not mention it or the mileage so I just assumed a running engine. These assessments from afar are difficult! Even from pics.
To Matt. Plug in the options to the calculator and see what the market conditions are for the moment. You would need an NCRS car to get into the $30,000 range. Don't get me wrong. The 1969 is my favourite C3 but Wow these cars can soak up money (and time) like a sponge. Don't buy from the heart!
http://www.corvettemagazine.com/cgi-bin/calculator.asp
I could be persuaded to go to $12,000 which is what Corvette Magazine says it is worth: a restoreable 1969. On the cost of restoration I mentally compute the value of my own time and those who I might pay and arrive at an average value. I will admit my bias: I prefer to drive these days rather than restore. As an example, the shift console is corroded and needs replacement, the fibre-optics are gone, etc. The little things that can cost a fortune in time and money, either mine or someone else's. Corrosion is everywhere on that car and I do not have the patience to take on that kind of project.
The numbers matching issue I avoided and perhaps I should not have as it is an important consideration for some. But the original post did not mention it or the mileage so I just assumed a running engine. These assessments from afar are difficult! Even from pics.
To Matt. Plug in the options to the calculator and see what the market conditions are for the moment. You would need an NCRS car to get into the $30,000 range. Don't get me wrong. The 1969 is my favourite C3 but Wow these cars can soak up money (and time) like a sponge. Don't buy from the heart!
http://www.corvettemagazine.com/cgi-bin/calculator.asp
Last edited by Paul L; Jul 25, 2004 at 03:36 PM.
