Damaged GS value
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Racer
Joined: Sep 2009
Posts: 414
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From: Oxford CT
Damaged GS value
Not that I'm in the market but is this damaged GS with 105K on the clock really worth 11k? Look at that left rear tire!
http://cgi.ebay.com/ebaymotors/ws/eB...SS%3AUS%3A1123
Mike
http://cgi.ebay.com/ebaymotors/ws/eB...SS%3AUS%3A1123
Mike
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From: Rolla Missouri
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From their description:
No, I don't think it is worth 11k with a salvage title.
Even without a salvage, having 105k miles takes it out of the collector car market and into the daily driver market.
Note: The reason it probably has a salvage title, is the insurance company decided it would cost more to fix the car than it's worth.
Up for auction is a 1996 Chevrolet Corvette Grand Sport Coupe with 105,554 miles. This vehicle has rear damage and will carry a salvage title. The engine starts up and we have driven it around the lot. This car was definitely well maintained before the accident, the interior is very clean, outside is nice other than the back, and it has a brand new set of tires on it.
Even without a salvage, having 105k miles takes it out of the collector car market and into the daily driver market.
Note: The reason it probably has a salvage title, is the insurance company decided it would cost more to fix the car than it's worth.
Pro
Joined: Feb 2009
Posts: 600
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From: Woodbridge Virginia
Salvage title, big deal, fix it up and the neighbors couldn't tell it from any other Corvette. It will always be a Grand Sport. How many salvaged cars do you think they run through Mecums or any of the other auction houses. Do you really think the salvage label sticks through state to state after clearing the auctions and trading hands several times.... not... or I should say not always. 
Olcrusty said that
Olcrusty said that
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I wouldn't touch it...you can buy a nice GS with higher miles and no damage for what you'll have in the rebuild. 
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That car is junk.With the prices for these gone through the roof I bet somebody buys it,gets the salvage off the title and builds a fake car with a donor.Thats one good thing about the limited number being produced,easy to keep an eye on the VIN.
Melting Slicks
Joined: Feb 2008
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From: West Chester PA
St. Jude Donor '09 thru '25
"The rear part of the frame will need some attention."....pretty general description of what could be a major issue. And a salvage title certainly lowers the value and is a problem in some states. Wouldn't call it junk, but if the price came down a few grand, should be a great pickup for someone.
Racer
Joined: Aug 2009
Posts: 289
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From: Tucson Arizona
"The rear part of the frame will need some attention."....pretty general description of what could be a major issue. And a salvage title certainly lowers the value and is a problem in some states. Wouldn't call it junk, but if the price came down a few grand, should be a great pickup for someone.
Steve
Ok, I'll rephrase: acquisition for someone 
Team Owner
Joined: Dec 2007
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1.too high
2.salvage title
3.105,554 miles
4.If you can't do the work you are screwed, a shop will take full advantage of that car.. You'll have 11k in the car plus all purchasing fees.
Then you have parts to get which would run you another 500-1k, than the prep work and paint. IMO you'd have 14-15 into a junk car, that might have frame damage..
If they were lower like around 6-7k I would consider for a car of my own, or track car. I could fix that myself good enough to be happy with.
2.salvage title
3.105,554 miles
4.If you can't do the work you are screwed, a shop will take full advantage of that car.. You'll have 11k in the car plus all purchasing fees.
Then you have parts to get which would run you another 500-1k, than the prep work and paint. IMO you'd have 14-15 into a junk car, that might have frame damage..
If they were lower like around 6-7k I would consider for a car of my own, or track car. I could fix that myself good enough to be happy with.
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I take offense to that statement. LT4's are not a dime a dozen for a good clean car. There were more ZR-1s made than LT4s...just food for thought.
Burning Brakes
Joined: Jan 2003
Posts: 1,131
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From: Grand Island NE
GS are more than a paint job...they have their own VIN.
I am not hating on the LT4's but all a similar condition LT4 will always be worth less than a similar condition GS.
Just saying don't ruin the GS as a donor for something, else.
Last edited by A1990; Jan 6, 2010 at 07:05 PM.