Need to get this off my chest
#21
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i certainly feel your pain, however, every year that passes by means it will be harder and exponetially more expensive to find what you want: a brand new chrome bumper C3. any affordable car has "history" and that means damage, rust, and wear.
#22
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Here's the way I see it. Good C3 Vettes are hard to find.
I just bought a 69 350/350 Coupe. 4 speed, 4:11 rear, and nothing else.
Super nice body and very nice paint. Decent interior and a real solid frame.
$26,900
Very drivable but Rear suspension needs gone through and detailed, engine needs pulled and detailed, brakes, Upgrade redline tires, maybe sidepipes.
I'll have $35K into it easy.
Too much?
Probably. But by the time I'm done with it it will be detailed to the hilt, mechanically perfect and show ready.
I think anymore you should focus on a super nice body and frame.
The rest is cosmetics and maintenance details.
Their getting harder to find and it you want a perfect one, it's going to cost you.
Don't let suspension, brakes or maintenance issues scare you away. These issues will need addressed at some point anyway.
Chances are you can't, or don't want to pay for a Bloomington Gold car, so find the best body and frame you can and bring it to the next level yourself.
I just bought a 69 350/350 Coupe. 4 speed, 4:11 rear, and nothing else.
Super nice body and very nice paint. Decent interior and a real solid frame.
$26,900
Very drivable but Rear suspension needs gone through and detailed, engine needs pulled and detailed, brakes, Upgrade redline tires, maybe sidepipes.
I'll have $35K into it easy.
Too much?
Probably. But by the time I'm done with it it will be detailed to the hilt, mechanically perfect and show ready.
I think anymore you should focus on a super nice body and frame.
The rest is cosmetics and maintenance details.
Their getting harder to find and it you want a perfect one, it's going to cost you.
Don't let suspension, brakes or maintenance issues scare you away. These issues will need addressed at some point anyway.
Chances are you can't, or don't want to pay for a Bloomington Gold car, so find the best body and frame you can and bring it to the next level yourself.
#24
Team Owner
A serious problem is that a lot of people have no idea that the car they have is rough. They honestly feel its a nice car until you point out the non-existant body bushings, frame rot, body issues, etc.
#25
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I just bought a 69 350/350 Coupe. 4 speed, 4:11 rear, and nothing else.
Super nice body and very nice paint. Decent interior and a real solid frame.
$26,900
Very drivable but Rear suspension needs gone through and detailed, engine needs pulled and detailed, brakes, Upgrade redline tires, maybe sidepipes.
I'll have $35K into it easy.
Too much?
Super nice body and very nice paint. Decent interior and a real solid frame.
$26,900
Very drivable but Rear suspension needs gone through and detailed, engine needs pulled and detailed, brakes, Upgrade redline tires, maybe sidepipes.
I'll have $35K into it easy.
Too much?
#26
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I'm starting to see that. I just sold a 70SS 454 Chevelle LS6 non numbers matching Clone for $55K. $26K seems like peanuts for a numbers 350HP 69 Vette to me but I can see I may have spent a few grand too much. Should have waited for the Big Block.
I'll make it up on the detailing end though, and if not, I'll still have a nice Black on Black, Sidepipe/Redline 69.
If I had all the money back I spent on neat old cars I'd spend alot of Money on neat old cars.
Myself, I don't mind spending a few grand more if the car moves me. I love to dig into them, restore and detail them to the hilt.
I lost a few grand on that Chevelle, even at a $55K sale price, but there's something to be said for the 3 years of entertainment the car gave me restoring it.
Your right of course, but I don't buy them to flip them.
I guess my point is, if the car moves you, and you plan on keeping it, why worry about spending a few extra grand for the car you want?
I can remember passing on some cars that I wish to God I had bought now looking back.
A real, 1965 Black 327/365 Coupe and numbers for $30K. I passed on it for excessive spider webbing and paint checking about 4 years ago.
If it's the Color, options, condition and car you want, buy it.
I'll make it up on the detailing end though, and if not, I'll still have a nice Black on Black, Sidepipe/Redline 69.
If I had all the money back I spent on neat old cars I'd spend alot of Money on neat old cars.
Myself, I don't mind spending a few grand more if the car moves me. I love to dig into them, restore and detail them to the hilt.
I lost a few grand on that Chevelle, even at a $55K sale price, but there's something to be said for the 3 years of entertainment the car gave me restoring it.
Your right of course, but I don't buy them to flip them.
I guess my point is, if the car moves you, and you plan on keeping it, why worry about spending a few extra grand for the car you want?
I can remember passing on some cars that I wish to God I had bought now looking back.
A real, 1965 Black 327/365 Coupe and numbers for $30K. I passed on it for excessive spider webbing and paint checking about 4 years ago.
If it's the Color, options, condition and car you want, buy it.
Last edited by 69tuxedocoupe; 11-04-2008 at 10:21 AM.
#27
Burning Brakes
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This might not go over well...
While this forum has been UNBELIEVABLY valuable to me as I begin the upgrades on my car, I have found one small thing I could nitpick about.
I've poked around a lot on here, both before and after I bought my car, and it seems to me that you could come away thinking you should be able to buy a numbers matching chrome bumper convertible, a car that needs little or nothing, for fifteen grand! I understand guys will be excited if they've made a good deal, and post it on the forum, but I see lots of threads where a guy is asking advice on a nice looking car with one or two problems, and posters on here either tell them to RUN AWAY, or tell them they should be able to buy the car for eight grand.
Think about it: That restored gray 1969 coupe from e-bay sold for $35K.
I don't have the experience of the guys on the forum, who generously share their knowledge with the rest of us, but I looked at cars around the midwest, and from coast to coast on the internet. I went to an auction which featured probably two dozen corvettes, including 5 or 6 '68 - '72 verts. IMHO, if you want to end up with a decent chrome bumper convertible, plan on having at least $25K invested. If you want a numbers-matching car you can show, maybe $35K? More for a BB.
I hate the idea of biting the hand that feeds me, but I'd also hate for somebody to NOT buy a C3 because they think they have to either steal one if it needs any work, or else buy an NCRS car.
Peace.
I've poked around a lot on here, both before and after I bought my car, and it seems to me that you could come away thinking you should be able to buy a numbers matching chrome bumper convertible, a car that needs little or nothing, for fifteen grand! I understand guys will be excited if they've made a good deal, and post it on the forum, but I see lots of threads where a guy is asking advice on a nice looking car with one or two problems, and posters on here either tell them to RUN AWAY, or tell them they should be able to buy the car for eight grand.
Think about it: That restored gray 1969 coupe from e-bay sold for $35K.
I don't have the experience of the guys on the forum, who generously share their knowledge with the rest of us, but I looked at cars around the midwest, and from coast to coast on the internet. I went to an auction which featured probably two dozen corvettes, including 5 or 6 '68 - '72 verts. IMHO, if you want to end up with a decent chrome bumper convertible, plan on having at least $25K invested. If you want a numbers-matching car you can show, maybe $35K? More for a BB.
I hate the idea of biting the hand that feeds me, but I'd also hate for somebody to NOT buy a C3 because they think they have to either steal one if it needs any work, or else buy an NCRS car.
Peace.
#28
Burning Brakes
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I don't have the experience of the guys on the forum, who generously share their knowledge with the rest of us, but I looked at cars around the midwest, and from coast to coast on the internet. I went to an auction which featured probably two dozen corvettes, including 5 or 6 '68 - '72 verts. IMHO, if you want to end up with a decent chrome bumper convertible, plan on having at least $25K invested. If you want a numbers-matching car you can show, maybe $35K? More for a BB.
I hate the idea of biting the hand that feeds me, but I'd also hate for somebody to NOT buy a C3 because they think they have to either steal one if it needs any work, or else buy an NCRS car.
Peace.
I hate the idea of biting the hand that feeds me, but I'd also hate for somebody to NOT buy a C3 because they think they have to either steal one if it needs any work, or else buy an NCRS car.
Peace.
#29
Drifting
#30
Instructor
Thread Starter
I think that this is a very good point, however the last two I looked at were clearly polished up and in my opinion grossly misrepresented.
#31
Team Owner
Just to clarify, there is some very good and realistic advice in this thread; I simply question the "keep looking, you'll find it" posts in this thread and others. I feel a clean '69 vert with a few issues (electrical, suspension, etc) if they don't necessitate a complete rebuild, could easily be worth $17500
As far as your previous post, there are different folks here with different views and no car is perfect for anyone. Just because one guy says "run away" doesn't mean someone should. However, I think there is an underlying message to what you have posted, even though it doesn't come through so easily all the time, I think that is: You can't make a ton of money fixing up old cars like these. Or, said another way, buying a rusty car saves you money up front, but costs a lot more in the long run. You can't "save" money by buying a rusty car, and a car with a suspension that was completely overhauled 5,000 miles ago will cost more than one with a beat suspension, but the difference is in all liklihood going to be less than the cost of the parts to overhaul the system yourself so you are better off paying more now to get the better car.
I'll leave the money making to the professional restoration shops that have the tools and manpower to crank out restorations and the contacts and business size to get good deals on re-manufactured parts. If you aren't one of those guys, chances are you will not be able to buy a $15,000 car, put $7,000 into it and sell it for $35,000, the market just doesn't work that way, even though lots of folks here wish that it did. That, IMO, is the message.
#32
Instructor
Thread Starter
I agree, and I meant my post on electrical problems to be an encouragement toward that car. If the only problems are electrical stuff and he can get it for $17,500, I would say go for it.
As far as your previous post, there are different folks here with different views and no car is perfect for anyone. Just because one guy says "run away" doesn't mean someone should. However, I think there is an underlying message to what you have posted, even though it doesn't come through so easily all the time, I think that is: You can't make a ton of money fixing up old cars like these. Or, said another way, buying a rusty car saves you money up front, but costs a lot more in the long run. You can't "save" money by buying a rusty car, and a car with a suspension that was completely overhauled 5,000 miles ago will cost more than one with a beat suspension, but the difference is in all liklihood going to be less than the cost of the parts to overhaul the system yourself so you are better off paying more now to get the better car.
I'll leave the money making to the professional restoration shops that have the tools and manpower to crank out restorations and the contacts and business size to get good deals on re-manufactured parts. If you aren't one of those guys, chances are you will not be able to buy a $15,000 car, put $7,000 into it and sell it for $35,000, the market just doesn't work that way, even though lots of folks here wish that it did. That, IMO, is the message.
As far as your previous post, there are different folks here with different views and no car is perfect for anyone. Just because one guy says "run away" doesn't mean someone should. However, I think there is an underlying message to what you have posted, even though it doesn't come through so easily all the time, I think that is: You can't make a ton of money fixing up old cars like these. Or, said another way, buying a rusty car saves you money up front, but costs a lot more in the long run. You can't "save" money by buying a rusty car, and a car with a suspension that was completely overhauled 5,000 miles ago will cost more than one with a beat suspension, but the difference is in all liklihood going to be less than the cost of the parts to overhaul the system yourself so you are better off paying more now to get the better car.
I'll leave the money making to the professional restoration shops that have the tools and manpower to crank out restorations and the contacts and business size to get good deals on re-manufactured parts. If you aren't one of those guys, chances are you will not be able to buy a $15,000 car, put $7,000 into it and sell it for $35,000, the market just doesn't work that way, even though lots of folks here wish that it did. That, IMO, is the message.
For someone who can do their own work i would say go for it, it is a fair price, it was simply more than I could handle and it was listed as a car that needed nothing and could be driven anywhere. Also the brake lights and interior lights did not work.
#33
Melting Slicks
Sorry to vent guys but in the last two weeks I have taken 2 different cars to my mechanic to check out for me. Both are verts with 4 speed trannies. The first was a 69 and the second was 70. Both cars looked excellent on the outside and even underneath with a flashlight I thought both were tight. The prices were both over $20K and in each case the owners said the cars were in excellent shape and ready to drive cross country.
In both cases my mechanic spent 30 minutes and told me to walk from both cars, the list of problems from rust to bad ball joints to mufflers held with wire to leaks of all kinds to numbers not matching when they should and the list goes on and on.
I have owned 7 vettes but I have never seen so much crap on the market with shiny paint. It is really hard to find a solid car out there without getting taken for a ride.
Does anyone have a solid 70 to 72 vert 4 speed in the maryland area for a fair price?
Thank you for allowing me to vent, I feel better already
In both cases my mechanic spent 30 minutes and told me to walk from both cars, the list of problems from rust to bad ball joints to mufflers held with wire to leaks of all kinds to numbers not matching when they should and the list goes on and on.
I have owned 7 vettes but I have never seen so much crap on the market with shiny paint. It is really hard to find a solid car out there without getting taken for a ride.
Does anyone have a solid 70 to 72 vert 4 speed in the maryland area for a fair price?
Thank you for allowing me to vent, I feel better already
#34
Drifting
Have you looked at this one on ebay: http://cgi.ebay.com/ebaymotors/ws/eB...3AIT&viewitem=
It looks like a very nice car and not hitting the reserve. I don't know the car or what the actual price is but it sure looks clean. I would like to see it as it is almost my car's twin.
Greg
It looks like a very nice car and not hitting the reserve. I don't know the car or what the actual price is but it sure looks clean. I would like to see it as it is almost my car's twin.
Greg
#35
Burning Brakes
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I agree, and I meant my post on electrical problems to be an encouragement toward that car. If the only problems are electrical stuff and he can get it for $17,500, I would say go for it.
As far as your previous post, there are different folks here with different views and no car is perfect for anyone. Just because one guy says "run away" doesn't mean someone should. However, I think there is an underlying message to what you have posted, even though it doesn't come through so easily all the time, I think that is: You can't make a ton of money fixing up old cars like these. Or, said another way, buying a rusty car saves you money up front, but costs a lot more in the long run. You can't "save" money by buying a rusty car, and a car with a suspension that was completely overhauled 5,000 miles ago will cost more than one with a beat suspension, but the difference is in all liklihood going to be less than the cost of the parts to overhaul the system yourself so you are better off paying more now to get the better car.
I'll leave the money making to the professional restoration shops that have the tools and manpower to crank out restorations and the contacts and business size to get good deals on re-manufactured parts. If you aren't one of those guys, chances are you will not be able to buy a $15,000 car, put $7,000 into it and sell it for $35,000, the market just doesn't work that way, even though lots of folks here wish that it did. That, IMO, is the message.
As far as your previous post, there are different folks here with different views and no car is perfect for anyone. Just because one guy says "run away" doesn't mean someone should. However, I think there is an underlying message to what you have posted, even though it doesn't come through so easily all the time, I think that is: You can't make a ton of money fixing up old cars like these. Or, said another way, buying a rusty car saves you money up front, but costs a lot more in the long run. You can't "save" money by buying a rusty car, and a car with a suspension that was completely overhauled 5,000 miles ago will cost more than one with a beat suspension, but the difference is in all liklihood going to be less than the cost of the parts to overhaul the system yourself so you are better off paying more now to get the better car.
I'll leave the money making to the professional restoration shops that have the tools and manpower to crank out restorations and the contacts and business size to get good deals on re-manufactured parts. If you aren't one of those guys, chances are you will not be able to buy a $15,000 car, put $7,000 into it and sell it for $35,000, the market just doesn't work that way, even though lots of folks here wish that it did. That, IMO, is the message.
Well said.
Certainly if you can't do most (almost all?) of the work yourself, it's going to be MUCH more expensive to buy a rough car, particularly since it seems like for every issue you identify before you buy, another one pops up in the first few months. With the possible exception of a high-dollar resto, ANY 40-year old car is going to be a "project," to some extent. Best to go in with your eyes wide open...
#36
Team Owner
Have you looked at this one on ebay: http://cgi.ebay.com/ebaymotors/ws/eB...3AIT&viewitem=
It looks like a very nice car and not hitting the reserve. I don't know the car or what the actual price is but it sure looks clean. I would like to see it as it is almost my car's twin.
Greg
It looks like a very nice car and not hitting the reserve. I don't know the car or what the actual price is but it sure looks clean. I would like to see it as it is almost my car's twin.
Greg
#37
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You guys all make very good points. I guess most of the problem for me is that I love these cars but I have no talent to work on them. The one car I mentioned with the wire holding the exhaust etc. also is having a bunch of electrical issues. He has offered me the car for $17500. I think I am going to try to find one that is in decent shape here on the forum. Most of the guys here seem to take care of their cars the way I believe these cars deserve to be taken care of.
If I had the talent to fix some of this stuff, I would jump on this vert.
Thanks for your comments.
If I had the talent to fix some of this stuff, I would jump on this vert.
Thanks for your comments.
Much as I love shark cars (I have a 70' vert), the problem is that they cost just as much to restore as mid-years, but usually if someone spends the money to restore everything, they wind up upside down in the deal. So people scrimp on the restoration dollars, make the cars nice and shiny, and people buy the cars for in the low 20's only to find they have a shiny vert with a rusty chassis and OLD suspension and brake and exhaust components that are suspect. So the question is do you pay in the low 20's and spend another 10K getting everything right, or do you spend in the 30's and have few or no hassles. (There are some nice drivers that pop up in the 20's from time to time, but they usually have some issues here or there)
I'm in Baltimore and OC, so if I can be of help, let me know. I can caution you on a few of the cars that are around here, but we can do that on PM or e-mail.
Barry
#38
Instructor
Thread Starter
This Forum is a great place; I purchased my '99 vert here a few years back and it's still a great car. But one caveat; while most, probably 99.9% of the folks are honest, I did have someone steal $100.00 from me for a used core support he never sent and recently I traveled several states away to find 'a great chrome-bumper driver' only to find the car, how do I say this politically correctly; 'The car had LEGAL issues'; what a wasted trip. Moral of the story is you don't have to be a nice guy to own a PC.
Much as I love shark cars (I have a 70' vert), the problem is that they cost just as much to restore as mid-years, but usually if someone spends the money to restore everything, they wind up upside down in the deal. So people scrimp on the restoration dollars, make the cars nice and shiny, and people buy the cars for in the low 20's only to find they have a shiny vert with a rusty chassis and OLD suspension and brake and exhaust components that are suspect. So the question is do you pay in the low 20's and spend another 10K getting everything right, or do you spend in the 30's and have few or no hassles. (There are some nice drivers that pop up in the 20's from time to time, but they usually have some issues here or there)
I'm in Baltimore and OC, so if I can be of help, let me know. I can caution you on a few of the cars that are around here, but we can do that on PM or e-mail.
Barry
Much as I love shark cars (I have a 70' vert), the problem is that they cost just as much to restore as mid-years, but usually if someone spends the money to restore everything, they wind up upside down in the deal. So people scrimp on the restoration dollars, make the cars nice and shiny, and people buy the cars for in the low 20's only to find they have a shiny vert with a rusty chassis and OLD suspension and brake and exhaust components that are suspect. So the question is do you pay in the low 20's and spend another 10K getting everything right, or do you spend in the 30's and have few or no hassles. (There are some nice drivers that pop up in the 20's from time to time, but they usually have some issues here or there)
I'm in Baltimore and OC, so if I can be of help, let me know. I can caution you on a few of the cars that are around here, but we can do that on PM or e-mail.
Barry
I may take you up on your offer to discuss some local cars. Are you tapped into Freestate Corvette Club?
#39
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Between Offshore Race boats, Corvettes, and other 'distractions', I don't really have the time for clubs. But you can always PM me or e-mail me.
#40
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I went with a friend several years ago to look at a Corvette in suburban Maryland. He had arranged someone knowledgeable about Corvettes (Corvette Specialties of Maryland?) to look at the car. My mouth dropped when the garage door opened and I figured it was a done deal. The expert (no quotes) went over the car front to back and top to bottom and found many problems with the car. He eventually purchased another Corvette in Maryland, inspected by the same guy, that turned out to be a better buy. Maybe your mechanic was being picky on some items but maybe he was also missing some Corvette specific problems. Caveat Emptor!