1987 Vette Value
06-15-2009, 09:55 AM
#1
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1987 Vette Value
I will be the first to say I do not know anything about corvettes. I came across a 1987 Corvette. It had been sitting in a shed for years. Got a really good deal (or so I thought) and thought I could do some work and sell it. Finally got it painted, seats recovered, and new tires. 89,000 miles, interior is OK. Looks better with the new seats. The glass top is cracked in 2 corners. I have been looking online and I think previous owner put on a different hood, as well as ground effects and fin. Any idea how much I could get for this car.
06-15-2009, 10:12 AM
#2
Burning Brakes
Impossible to say with any kind of accuracy. Depends on the market in your area, how good the paint job on the car is, how good the interior is, how it runs, etc. As a wild a** guess, I'd guess $4k - $7k
06-15-2009, 10:49 AM
#6
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I was hoping to get between $7500 - $9,000. Prices in this area range from 6000 - 15000. I guess I will have to list it and see what happens. Any opinion on selling on ebay?
06-15-2009, 10:52 AM
#8
CF JASOC Member
06-15-2009, 10:53 AM
#9
CF JASOC Member
06-15-2009, 11:39 AM
#10
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$7000 is a bit hopeful unless the car is in almost perfect. The ground effect kit and the fin actually decrease the value. Most people are looking for a car in as close to original condition as possible.
Things that increase a Corvettes value:
low mileage; less than 30K is great, less than 10K and the price goes way up.
Rare car; one with special factory options that were sold in low numbers. After market stuff does not count.
Famous car; owned by someone famous or used as a pace car, MUST be documented.
Things that lower a Corvettes value:
After market mods.
Bad paint
Bad interior
Salvage car
Not running
Thing that don't really count
high mileage, these cars are over 20 years old and 150K is usually fine if the car has been well cared for.
window tint
tires, after market or later model rims
brake upgrades
replacement radio, only a collector will insist on the Bose system.
Repainted car, here again, only a collector will insist on original paint.
Cars that need work have sold from FREE to about $3500, depending on condition.
Average cars (most stuff works, needs a little work and/or paint) go from about $2500 to $6000. (your uncle might sell you his old Vette for $2500 and wish you luck)
Good cars (good paint, interior and ready to drive) about $6000 to $9000.
Great cars, all original, good interior, good paint, EVERYTHING works like new. $9000 to $12000.
Special cars, what ever you can get! $12000 and up.
Old Corvettes will not make you rich. It's not an investment unless the car is to be stored in your special climate controlled garage and never driven.
FYI - the market is way down right now for true collectable cars. If you want a collector car, now is the time to buy. Just remember that you can't drive it and keep the value.
Your car would probably fall into the avarage range. The buyer would deduct the cost of removing the after market kit and restoring it to original condition. You could get lucky and find someone who wanted that kit to start with. That would move you up to the Good range.
Things that increase a Corvettes value:
low mileage; less than 30K is great, less than 10K and the price goes way up.
Rare car; one with special factory options that were sold in low numbers. After market stuff does not count.
Famous car; owned by someone famous or used as a pace car, MUST be documented.
Things that lower a Corvettes value:
After market mods.
Bad paint
Bad interior
Salvage car
Not running
Thing that don't really count
high mileage, these cars are over 20 years old and 150K is usually fine if the car has been well cared for.
window tint
tires, after market or later model rims
brake upgrades
replacement radio, only a collector will insist on the Bose system.
Repainted car, here again, only a collector will insist on original paint.
Cars that need work have sold from FREE to about $3500, depending on condition.
Average cars (most stuff works, needs a little work and/or paint) go from about $2500 to $6000. (your uncle might sell you his old Vette for $2500 and wish you luck)
Good cars (good paint, interior and ready to drive) about $6000 to $9000.
Great cars, all original, good interior, good paint, EVERYTHING works like new. $9000 to $12000.
Special cars, what ever you can get! $12000 and up.
Old Corvettes will not make you rich. It's not an investment unless the car is to be stored in your special climate controlled garage and never driven.
FYI - the market is way down right now for true collectable cars. If you want a collector car, now is the time to buy. Just remember that you can't drive it and keep the value.
Your car would probably fall into the avarage range. The buyer would deduct the cost of removing the after market kit and restoring it to original condition. You could get lucky and find someone who wanted that kit to start with. That would move you up to the Good range.
06-15-2009, 12:15 PM
#11
Safety Car
$7000 is a bit hopeful unless the car is in almost perfect. The ground effect kit and the fin actually decrease the value. Most people are looking for a car in as close to original condition as possible.
Things that increase a Corvettes value:
low mileage; less than 30K is great, less than 10K and the price goes way up.
Rare car; one with special factory options that were sold in low numbers. After market stuff does not count.
Famous car; owned by someone famous or used as a pace car, MUST be documented.
Things that lower a Corvettes value:
After market mods.
Bad paint
Bad interior
Salvage car
Not running
Thing that don't really count
high mileage, these cars are over 20 years old and 150K is usually fine if the car has been well cared for.
window tint
tires, after market or later model rims
brake upgrades
replacement radio, only a collector will insist on the Bose system.
Repainted car, here again, only a collector will insist on original paint.
Cars that need work have sold from FREE to about $3500, depending on condition.
Average cars (most stuff works, needs a little work and/or paint) go from about $2500 to $6000. (your uncle might sell you his old Vette for $2500 and wish you luck)
Good cars (good paint, interior and ready to drive) about $6000 to $9000.
Great cars, all original, good interior, good paint, EVERYTHING works like new. $9000 to $12000.
Special cars, what ever you can get! $12000 and up.
Old Corvettes will not make you rich. It's not an investment unless the car is to be stored in your special climate controlled garage and never driven.
FYI - the market is way down right now for true collectable cars. If you want a collector car, now is the time to buy. Just remember that you can't drive it and keep the value.
Your car would probably fall into the avarage range. The buyer would deduct the cost of removing the after market kit and restoring it to original condition. You could get lucky and find someone who wanted that kit to start with. That would move you up to the Good range.
Things that increase a Corvettes value:
low mileage; less than 30K is great, less than 10K and the price goes way up.
Rare car; one with special factory options that were sold in low numbers. After market stuff does not count.
Famous car; owned by someone famous or used as a pace car, MUST be documented.
Things that lower a Corvettes value:
After market mods.
Bad paint
Bad interior
Salvage car
Not running
Thing that don't really count
high mileage, these cars are over 20 years old and 150K is usually fine if the car has been well cared for.
window tint
tires, after market or later model rims
brake upgrades
replacement radio, only a collector will insist on the Bose system.
Repainted car, here again, only a collector will insist on original paint.
Cars that need work have sold from FREE to about $3500, depending on condition.
Average cars (most stuff works, needs a little work and/or paint) go from about $2500 to $6000. (your uncle might sell you his old Vette for $2500 and wish you luck)
Good cars (good paint, interior and ready to drive) about $6000 to $9000.
Great cars, all original, good interior, good paint, EVERYTHING works like new. $9000 to $12000.
Special cars, what ever you can get! $12000 and up.
Old Corvettes will not make you rich. It's not an investment unless the car is to be stored in your special climate controlled garage and never driven.
FYI - the market is way down right now for true collectable cars. If you want a collector car, now is the time to buy. Just remember that you can't drive it and keep the value.
Your car would probably fall into the avarage range. The buyer would deduct the cost of removing the after market kit and restoring it to original condition. You could get lucky and find someone who wanted that kit to start with. That would move you up to the Good range.
06-15-2009, 04:46 PM
#12
6th Gear
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Thanks for all the info, I really appreciate it. I see the pictures finally got downloaded. Well hopefully I can sell it for a reasonable price. A friend told me to put it on ebay, but I don't know exactly how that works. So I will probally just advertise locally and see how things go. Thanks again for all your help.
06-15-2009, 04:50 PM
#13
Safety Car
I see no photos. OK they are in your my Corvette photos, after market hood wheels, exhaust. Can't tell if he car has front ground affects looks like just rockers & rear no interior or motor photos . Looks clean any drivability issues how is the rubber and weather striping
Last edited by floridamale; 06-15-2009 at 05:00 PM.
06-15-2009, 05:05 PM
#15
Safety Car
06-15-2009, 05:14 PM
#16
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new tires, only about 100 miles on them. I have been looking at different rims, or at least trying to find out what kind they are so I can order the center cap. I just had the seats redone last winter, purple and black. Replaced some of the weather stripping around windows As far as the front ground effects, no there is nothing on the front. I thought about ordering some, but not sure what yet. It already sits so low, I worry about scratching it. Like I said earlier I am new to this and that's probally why I am considering selling. I will take some more pictures of inside and motor and post.
06-15-2009, 05:31 PM
#17
Safety Car
new tires, only about 100 miles on them. I have been looking at different rims, or at least trying to find out what kind they are so I can order the center cap. I just had the seats redone last winter, purple and black. Replaced some of the weather stripping around windows As far as the front ground effects, no there is nothing on the front. I thought about ordering some, but not sure what yet. It already sits so low, I worry about scratching it. Like I said earlier I am new to this and that's probally why I am considering selling. I will take some more pictures of inside and motor and post.
06-16-2009, 05:44 PM
#19
I paid $9K for my 87 with 89000 miles but that was almost 5 years ago. It was, and still is in pristine condition. I use it as a daily driver for about 7-8 months of the year.
10-20-2015, 11:28 AM
#20
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