1970 lt1
#1
Pro
Thread Starter
1970 lt1
there is a 1970 LT1 Convert for sale on ebay , it is missing the original engine the seller is not sure about the heads but says it has correct intake and carb. it has both tops , colour is orange with beige interior it is is good condition asking $25,000.00 or best offer .
Is that a correct price
thanks Bruce
Is that a correct price
thanks Bruce
#2
Race Director
That's not a lot of information to go on.
Here's a 71 Ontario Orange, saddle interior, LT-1 coupe, for $22,500. Now it is a coupe, but it's also $2,500 less, and it appears to have it's original engine.
http://philadelphia.craigslist.org/cto/3966584611.html
Here's a 71 Ontario Orange, saddle interior, LT-1 coupe, for $22,500. Now it is a coupe, but it's also $2,500 less, and it appears to have it's original engine.
http://philadelphia.craigslist.org/cto/3966584611.html
#4
Team Owner
Car has a non-original engine (is it even LT-1 configured?) but he still wants an LT-1 price. If the engine is built the same as an LT-1 and the paint is the correct factory color and in very good condition, the car is not out of line being priced as it is.
That is also assuming that the mechanical systems are all in good working order and the frame has no significant rusting.
If I were interested in buying such a car, I wouldn't give a first-offer of anything more than $20K
That is also assuming that the mechanical systems are all in good working order and the frame has no significant rusting.
If I were interested in buying such a car, I wouldn't give a first-offer of anything more than $20K
#5
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An LT-1 without the LT-1 is not an LT-1.
#6
Team Owner
That is precisely true. But there are LOTS of LT-1 clone cars that look exactly like a factory car and with all the mechanical systems of a factory-built car. The only difference is that they cost less than an 'original' car and points judging at a show sponsored by a national orgainization {how's that, boyz?} will suffer significant reductions.
But, if you just want to show it, drive it, and enjoy having it, do you really care if it isn't 'original'. If you buy a clone, just pay an appropriate amount for it.
But, if you just want to show it, drive it, and enjoy having it, do you really care if it isn't 'original'. If you buy a clone, just pay an appropriate amount for it.
#7
Drifting
I totally agree with this. What makes an LT-1 special is the camel-hump heads, the solid lifters, the mini-dome forged pistons, the forged crank and rods, the TI ignition, the Winter's dual-plane aluminum intake, and a few other tidbits.
Without all of the awesome components that make up that particular engine, it is just a "regular" Corvette with a snappy hood and a couple stickers.
Unless you plan on REPRODUCING an original LT-1 engine, the "premium" associated with that particular car is forever lost. At best, you'd end up with a non-number's matching "real LT-1 clone", if that makes any sense at all.
Funny that you're looking at an LT-1 without the engine. I have a 'regular' 1970 WITH a 'real' LT-1 engine. If you had my complete engine, your car would be worth a smidge more. Without it, there would be no particular premium over any other 'regular' Corvette in similar condition, in my opinion.
Without all of the awesome components that make up that particular engine, it is just a "regular" Corvette with a snappy hood and a couple stickers.
Unless you plan on REPRODUCING an original LT-1 engine, the "premium" associated with that particular car is forever lost. At best, you'd end up with a non-number's matching "real LT-1 clone", if that makes any sense at all.
Funny that you're looking at an LT-1 without the engine. I have a 'regular' 1970 WITH a 'real' LT-1 engine. If you had my complete engine, your car would be worth a smidge more. Without it, there would be no particular premium over any other 'regular' Corvette in similar condition, in my opinion.
Last edited by keithinspace; 08-05-2013 at 01:28 PM.
#8
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Hi Bruce,
My take on this is a bit different.
IF this car still has ALL the other details that made a 1970 LT-! a 1970 Lt-!, AND, you'd like to go through the effort and cost of building an LT-! engine that would be correct for this car save that it's re-stamped, or maybe not stamped at all, THEN, this car MIGHT be worth something extra to YOU compared to a car that didn't leave St.Louis as an LT-!.
Some people want a car that indeed has the engine it left St.Louis with, while others say it doesn't bother me that this isn't the engine this car left St.Louis with. A term might be it has a 'restoration motor'.
You need to understand what the words mean, what the opinions of knowledgable people are, and what the value of these various cars would be.
An interesting situation to say the least!!!!
Regards,
Alan
My take on this is a bit different.
IF this car still has ALL the other details that made a 1970 LT-! a 1970 Lt-!, AND, you'd like to go through the effort and cost of building an LT-! engine that would be correct for this car save that it's re-stamped, or maybe not stamped at all, THEN, this car MIGHT be worth something extra to YOU compared to a car that didn't leave St.Louis as an LT-!.
Some people want a car that indeed has the engine it left St.Louis with, while others say it doesn't bother me that this isn't the engine this car left St.Louis with. A term might be it has a 'restoration motor'.
You need to understand what the words mean, what the opinions of knowledgable people are, and what the value of these various cars would be.
An interesting situation to say the least!!!!
Regards,
Alan
Last edited by Alan 71; 08-06-2013 at 07:08 AM.
#9
Drifting
That's not a lot of information to go on.
Here's a 71 Ontario Orange, saddle interior, LT-1 coupe, for $22,500. Now it is a coupe, but it's also $2,500 less, and it appears to have it's original engine.
http://philadelphia.craigslist.org/cto/3966584611.html
Here's a 71 Ontario Orange, saddle interior, LT-1 coupe, for $22,500. Now it is a coupe, but it's also $2,500 less, and it appears to have it's original engine.
http://philadelphia.craigslist.org/cto/3966584611.html
#10
I don't think you're going to find a convertible LT-1 in this kind of shape with either a correct LT-1 (built) engine, or the original engine, for $25K. From what I see, $25K is standard chrome bumper convertible pricing, assuming the car is solid and in good condition.
#11
Instructor
#12
#13
But..... if he can find an actual LT-1 motor, it would be a legit LT-1 again just without the original LT-1 motor.
I think anyway
#14
Instructor
Thanks for the clarification
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#16
Instructor
I don't think you're going to find a convertible LT-1 in this kind of shape with either a correct LT-1 (built) engine, or the original engine, for $25K. From what I see, $25K is standard chrome bumper convertible pricing, assuming the car is solid and in good condition.
IMHO it is not an LT1 now and I think most others will agree with me.
#17
Team Owner
How do you know the car was originally an LT-1, ie a 1970 LT-1? Part of the value is the rarity of the option. It would take a lot of work and inspection from very knowledgeable people to convince me that a nom 1970 was originally an LT-1 and not a clone, and in the end probably not worth the effort, because when it comes to taking money out of my wallet to buy a Corvette I am not going to pay up for a NOM that once upon a time was an LT-1. Just my opinion/approach.
Way back in 1999 when I was looking for an LT-1 I spent an hour drooling over a beautiful blue 1972 LT-1 convertible and I couldn't understand why it was priced so cheap at $22k. Finally the salesman whispered to me "it's not a 'real' LT-1" and I wiped up my drool and walked away, dejectedly. That was a 72, so I would have eventually learned from the vin that the car was not an LT-1. Not so easy with a 70.
Way back in 1999 when I was looking for an LT-1 I spent an hour drooling over a beautiful blue 1972 LT-1 convertible and I couldn't understand why it was priced so cheap at $22k. Finally the salesman whispered to me "it's not a 'real' LT-1" and I wiped up my drool and walked away, dejectedly. That was a 72, so I would have eventually learned from the vin that the car was not an LT-1. Not so easy with a 70.
#18
Drifting
I went through some soul searching with my car after I found so many quasi-genuine LT-1 parts on it. Real TI ignition but without the number band. Real Winter's intake, but with the last number off. Real Camel Hump heads, but with accessory bolts.
A big one that was a very plain "this was NEVER an LT-1 car" billboard with blinking lights around it was the presence of a return line to the fuel pump. My understanding is that the third line was NOT installed in a 'real' LT-1. Unless it was a re-do with a MASSIVE amount of attention to every aspect of 'making' the car an LT-1, this third fuel line will still be there, clearly indicating a 'lesser' car that was made to LOOK like an LT-1.
A big one that was a very plain "this was NEVER an LT-1 car" billboard with blinking lights around it was the presence of a return line to the fuel pump. My understanding is that the third line was NOT installed in a 'real' LT-1. Unless it was a re-do with a MASSIVE amount of attention to every aspect of 'making' the car an LT-1, this third fuel line will still be there, clearly indicating a 'lesser' car that was made to LOOK like an LT-1.
#19
Melting Slicks
How do you know the car was originally an LT-1, ie a 1970 LT-1? Part of the value is the rarity of the option. It would take a lot of work and inspection from very knowledgeable people to convince me that a nom 1970 was originally an LT-1 and not a clone, and in the end probably not worth the effort, because when it comes to taking money out of my wallet to buy a Corvette I am not going to pay up for a NOM that once upon a time was an LT-1. Just my opinion/approach.
Way back in 1999 when I was looking for an LT-1 I spent an hour drooling over a beautiful blue 1972 LT-1 convertible and I couldn't understand why it was priced so cheap at $22k. Finally the salesman whispered to me "it's not a 'real' LT-1" and I wiped up my drool and walked away, dejectedly. That was a 72, so I would have eventually learned from the vin that the car was not an LT-1. Not so easy with a 70.
Way back in 1999 when I was looking for an LT-1 I spent an hour drooling over a beautiful blue 1972 LT-1 convertible and I couldn't understand why it was priced so cheap at $22k. Finally the salesman whispered to me "it's not a 'real' LT-1" and I wiped up my drool and walked away, dejectedly. That was a 72, so I would have eventually learned from the vin that the car was not an LT-1. Not so easy with a 70.
To non collectors who are looking for an LT1 to drive, no concern whether the block is original, I'd say a NOM LT1 may be a better deal, lower priced. Whether the car is worth $20K+ I can't say since I'm not buying nor do I know what people are paying for original LT1s or NOM LT1s. If I were buying, NOM or original, bottom line is I wouldn't want to pay more than others are currently paying for a comparable car.
#20
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A restamped fake might fool someone or might be the "clone" somebody desires, but that car is an NOM, period. If someone chooses to overpay for it, that's their call.
Never did understand all the talk about "this car WAS a big block (or whatever) before they removed the engine. Look at the tach!"
NOM = NOM.