NOM price difference?
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Joined: Jun 2004
Posts: 52
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From: Ventura County ca
NOM price difference?
I am looking at buying a friends 71 which does not have the original block. In your opinion, how much does this take away from the purchase price of the car? Is this a major selling point if I decided to restore it and resell? if so how much? It's a LS5 auto.
Instructor
Joined: Jun 2004
Posts: 190
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From: Avon CO
It can be a really drastic amount..if you are looking to really restore it..and make it look 100% original..it would be huge minus to a collectors eye..i would say it could be even more than 3k as mentioned above..but i would look in the market..and then compare what you think it would sell for after your done..then you get your decision..if your just looking for something to make an investment into..in general..covettes are not the greatest cars to invest in.
Pro
Joined: Aug 2004
Posts: 728
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From: Patchogue New York
I got my 71 coupe nom for $8500.00 on ebay. I bought mine because I wanted a 71. I know that it will never be worth a million bucks, but my smile is worth millions everytime I fire that mother up, an go for a spin.
Senior Member since 1492
Joined: Aug 2000
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From: Just because I'm paranoid doesn't mean people aren't out to get me...
St. Jude Donor '09
I think it would depend on the overall condition of the Vette. If it's a basket case it might only make a $3,000 difference. If it's in very good condition it might make a $5-8,000 difference. IMO
Also, I think in cars this old, there's no way to tell whether that car was actually an LS5. If someone is particular to details, you can make your own NOM LS6 or LS5 big block C3. I think people are going to start cloning the '68-72's in the same manner they did the C2's.
Change the tach, engine, etc and you can have your cake and eat it too.
Also, I think in cars this old, there's no way to tell whether that car was actually an LS5. If someone is particular to details, you can make your own NOM LS6 or LS5 big block C3. I think people are going to start cloning the '68-72's in the same manner they did the C2's.
Change the tach, engine, etc and you can have your cake and eat it too.
Last edited by Jughead; Oct 19, 2004 at 05:45 AM.
Race Director
Joined: May 2004
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If your full purpose is to buy this car only for restoring and reselling it, then not having a nom car will hurt you a lot in the end.
The difference will come in how good the car ends up being restored and how much money, time and effort you put into it.
IMO you will get better total value by getting the car in good shape and enjoying it for a year or two, then restoring it and reselling it.
Even a great looking nom car with a higher odometer reading will still hurt you in the collectors eyes!
The only positive thing about restoring a car is if you do ALL of the work yourself and to cut down labor costs and then conveniently forget about the hours that you have spent doing it. Chalk it up as hobby hours and recreational fun....
The difference will come in how good the car ends up being restored and how much money, time and effort you put into it.
IMO you will get better total value by getting the car in good shape and enjoying it for a year or two, then restoring it and reselling it.
Even a great looking nom car with a higher odometer reading will still hurt you in the collectors eyes!
The only positive thing about restoring a car is if you do ALL of the work yourself and to cut down labor costs and then conveniently forget about the hours that you have spent doing it. Chalk it up as hobby hours and recreational fun....
Le Mans Master
Joined: Aug 2003
Posts: 7,720
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From: Chattanooga TN
I basically agree with what has been said so far. For a basket case car it makes practically no difference at all. For a high-end full-off resto it might make $3-4k. It makes more difference for a BB car than a SB car. It makes more difference for a high-option car than a base car. If you want to restore it and sell it then keep looking, if you want to drive and enjoy it then this might be a good candidate.
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Melting Slicks
Joined: Jan 2004
Posts: 2,672
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From: New Cumberland PA
If the car is in good shape and your intentions would be to make into a nice ride, then I guess $1k-$3k. If the car is in rougher condition, then it would have a lesser impact. It is not something I would buy to restore and resell due to the fact that the price difference of having an original engine in a restored car may be more than $3k. Unless restoring is your hobby or you find a vette in real good condition, it is not usally monetarily wise to to spend a ton of time and money with high expectations to make a fortune off it. It is quite easy to throw $3000 to $10,000 into a car that is in good condition. I would expect that to go up much higher in a complete restoration.
Safety Car
Joined: Aug 2000
Posts: 3,711
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From: San Antonio TX
It depends entirely on what the value of the car would be with factory drivetrain. Not all 'Vettes, even in the same year or group, are created equal. If we were talking about a base engine automatic '72(my car for example) and the same '72 but with an LT-1 and air, the difference between NM and NOM could be quite substantial. As a percentage of the car's total worth the difference between my car being all original and or with a replacement engine is pretty insignificant.
There is no rock solid number, like a $3,000 difference, since it depends on the market and the market says it's not much for the common cars like mine. The price spread becomes far more obvious when you refer to rarer cars like the L-88, and LS-6 cars.
There is no rock solid number, like a $3,000 difference, since it depends on the market and the market says it's not much for the common cars like mine. The price spread becomes far more obvious when you refer to rarer cars like the L-88, and LS-6 cars.