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8/22/11 11:25am - Original Message: 'Original paint color?'
Wally
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Oglesby, IL - USA

Vette(s):
looking to buy 1973 convertible

Joined: 8/16/2011
Posts: 6
I recently looked at and drove a 1973 convertible and am seriously considering taking the plunge into corvette ownership. The car is a numbers matching with 7300 original miles and has an L82 350 V8 with dual exhausts, manual transmission with both the convertible top and black vinyl hard top. It does not have air conditioning, power brakes or power steering. My main concern is that the car was painted from its original factory silver to Mille Miglia Red. The paint job is in excellent condition. Does anyone know if this would affect the price of the car, and if so, by how much? The price of the car is $27,500. 
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8/22/11 11:32am - Reply: 'Re: Original paint color?'
ebo Lifetime Member
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Holland Patent, NY - USA

Vette(s):
#1 *1980 White, Red interior 14,000 mile #2 *1980 Red, Oyster interior 93,000 miles Resto project car, rebuilt to 383 stroker

Joined: 6/3/2008
Posts: 4395
Well it is numbers matching but not original conidition, why was such a low mileage car painted? Did you get a profesional inspection done?
Maybe I'm out of the loop but that price seems real high?
If it's the one you want go for it.
Evil Smileebo


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Evil Smileebo
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8/22/11 12:13pm - Reply: 'Re: Original paint color?'
Adams' Apple Lifetime Member
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Duncanville, TX - USA

Vette(s):
#1-1974 L-48 4spd Cp Med Red Metallic/Black deluxe int w/AC/tilt/tele./p/w-p/b/ Am-Fm/map light National/Regional/Chapter NCRS "Top Flight" #2-1985 Bright Red/Carmine Cp.L-98/auto Member: NCRS, NCRS Texas, Corvette Legends of Texas

Joined: 11/8/2003
Posts: 19457
The price is excessively high, imho. $21,000 would be more in the right ballpark....but I haven't seen the car, so.....
The repaint WILL devalue it somewhat, just from the color change aspect. Even a top notch, professional color change will effect true value of the car, so you need to see how well the change in color was done. If it is noticeable at all, then the value would be even less....
Silver colors do not stand up very well in time....I can see having, or needing, a repaint with low miles, but I would wonder about the color change...what was the reason? Has the car been wrecked/damaged? Did someone really want to get rid of it quick, so they had it painted "Resale Red", so it would move quicker?
Inquiring minds want to know...

That being said, if the car is what you are looking for, drives/stops/handles well, and you "feel" good about it, then the color change really shouldn't keep you from buying. Just know that a quality repaint back to the original color, should you ever decide to do it, will cost around $4000>, in most cases.
I definitely would NOT pay the asking price for the car...period....but that's just me. I feel the car is way overpriced for one that has been repainted a different color, no A/C, power anything, etc.....just not worth that kind of $$$, unless it can be proven to be some sort of special order car, or was owned by someone famous....something like that.
Just an opinion...


|UPDATED|8/22/2011 10:13:32 AM (AZT)|/UPDATED|


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Joel Adams
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8/22/11 12:37pm - Reply: 'Re: Original paint color?'
Wally
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Oglesby, IL - USA

Vette(s):
looking to buy 1973 convertible

Joined: 8/16/2011
Posts: 6
I was told by the current owner that the original owners got divorced and the car went to the wife. She apparently did not like the silver color and had it painted red. Just a color preference for her. I am unaware of any damage to the car. It has been covered in a heated garage the past six years and started every month or so, but has not been driven more than 100 miles since its been garaged. I will try to post some pictures that I recently took.
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8/22/11 12:45pm - Reply: 'Re: Original paint color?'
ebo Lifetime Member
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Holland Patent, NY - USA

Vette(s):
#1 *1980 White, Red interior 14,000 mile #2 *1980 Red, Oyster interior 93,000 miles Resto project car, rebuilt to 383 stroker

Joined: 6/3/2008
Posts: 4395
Wally did you get an inspection done by a Corvette Specialist? Thats a lot of money to invest and if you have not please do. Is this a dealer that has it now?
Up North we try not to start them as much during storage as it creates a lot of moisture from the cold to hot to cold again on engine and exhaust.
Evil Smileebo
 
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Evil Smileebo
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8/22/11 12:53pm - Reply: 'Re: Original paint color?'
Wally
Former Member
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Oglesby, IL - USA

Vette(s):
looking to buy 1973 convertible

Joined: 8/16/2011
Posts: 6
Ebo, The owner is a private party and it was her husband's car. If it was an automatic she would not be selling it. I have not had the opportunity to take it to a garage for an inspection yet, but that is something on my to do list.
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8/22/11 1:02pm - Reply: 'Re: Original paint color?'
ebo Lifetime Member
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Holland Patent, NY - USA

Vette(s):
#1 *1980 White, Red interior 14,000 mile #2 *1980 Red, Oyster interior 93,000 miles Resto project car, rebuilt to 383 stroker

Joined: 6/3/2008
Posts: 4395
I think thats a plus dealing with the owner, how did she come up with the pricing?
Evil Smileebo


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Evil Smileebo
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8/22/11 1:40pm - Reply: 'Re: Original paint color?'
Wally
Former Member
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Oglesby, IL - USA

Vette(s):
looking to buy 1973 convertible

Joined: 8/16/2011
Posts: 6
I am mainly dealing with her son on the pricing. I don't know what he based his asking price on except for some internet research.
Wally
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8/22/11 2:37pm - Reply: 'Re: Original paint color?'
ebo Lifetime Member
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Holland Patent, NY - USA

Vette(s):
#1 *1980 White, Red interior 14,000 mile #2 *1980 Red, Oyster interior 93,000 miles Resto project car, rebuilt to 383 stroker

Joined: 6/3/2008
Posts: 4395
Hopefully you can work the price a bit with him, unless they are knocking the door down.
It sounds like a nice car I sure hope you can make the right deal. I'd love to see it.
Evil Smileebo


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Evil Smileebo
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8/22/11 4:23pm - Reply: 'Re: Original paint color?'
TargaBlue72 Lifetime Member
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Lodi, WI - USA

Vette(s):
1972 Targa Blue, T-Top, Saddle leather, 350 auto,numbers match, all original except '69 factory side exhaust. Previously owned: 1969 427, 390hp, 4sp, Riverside Gold coupe, factory side exhaust

Joined: 9/25/2007
Posts: 326
Hi Wally,
 
In addition to what Joel and ebo have said, be sure you check for rust.
These cars are prone to rust in several areas:
 
Birdcage.  Check around the windshield.  Remove the kick panels inside at your feet.
 
Frame.  Check the body mounts.  Check the crossmember supporting the radiator.
Surface rust is OK, just make sure the frame is solid.
 
Rear Suspension.  Check half shafts and u joints.  Trailing arms and bushings are very expensive to replace.  With so few miles, that should not a problem.
 
It's always a good idea to take someone with you that has experience with C3s.
 
I agree with the others, the price is very high.
 
Good luck and welcome to C3VR.
 
Dean 


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8/22/11 5:30pm - Reply: 'Re: Original paint color?'
crossfire1982
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Cramerton, NC - USA

Vette(s):
black 1982 coupe slate gray interior, 350 crossfire, 1985 fuel pump, Steeroids R&P conversion

Joined: 8/22/2006
Posts: 1094
Without seeing the car its difficult to give a meaningful opinion of price / value but I agree that the price of 27K is very high.   Repaint to something different than born with will make a difference in value if you decide to sell it.

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8/22/11 9:37pm - Reply: 'Re: Original paint color?'
Adams' Apple Lifetime Member
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Duncanville, TX - USA

Vette(s):
#1-1974 L-48 4spd Cp Med Red Metallic/Black deluxe int w/AC/tilt/tele./p/w-p/b/ Am-Fm/map light National/Regional/Chapter NCRS "Top Flight" #2-1985 Bright Red/Carmine Cp.L-98/auto Member: NCRS, NCRS Texas, Corvette Legends of Texas

Joined: 11/8/2003
Posts: 19457
I keep up with Corvette pricing/market values pretty well. A nicely equipped  '73, Big Block, 4speed, convertible would bring around $21-$23,000 in today's market. Small blocks just don't bring the same amount without some extra options, like the Z07 suspension, A/C, power brakes/windows, etc.
Not saying it's not a nice car, since I've never seen it...it may be a really sweet car....it's just priced way over "market" value, even if it had not been recolored. Don't know where the seller's son is going on the net to get a price like that, but he's being misled/misinformed, imho.
If it was me(and it ain't), and the car was in great condition(other than the color change), with documentation, I think I would offer $20,000, and see what happens....
Pics would certainly be nice! Big smile


|UPDATED|8/22/2011 7:37:54 PM (AZT)|/UPDATED|


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Joel Adams
C3VR Lifetime Member #56    
My Link


(click for Texas-sized view!)
             NCRS

"Money can't buy happiness -- but somehow it's more comforting to cry in a CORVETTE than in a Kia"
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8/22/11 9:36pm - Reply: 'Re: Original paint color?'
Jaws79 Lifetime Member
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Sykesville, MD - USA

Vette(s):
1979 Corvette Coupe Corvette Light Blue Midnight Blue interior Mirrored Glass T-tops

Joined: 4/27/2008
Posts: 4211
It all depends on if you are strickly looking at complete authenticity or you just want a good car. If the car seems right to you then get it (if it checks out). Price does seem high, though IMHO!
 
Barry
 
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8/22/11 10:22pm - Reply: 'Re: Original paint color?'
lukesvette Lifetime Member
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HOWELL, NJ - USA

Vette(s):
1979, Targa Blue (72 Color), Pace Car rear spoiler, L88 hood, Dark blue factory interior, 525HP 406, HD 700R4, 370 gears,Steeroids, composite rear spring, TT IIs wrapped in T/A Radials.

Joined: 5/18/2004
Posts: 6806
Be careful with the chassis, birdcage, steering and suspension - a lot can overcome you with a great paint job and makes problems underneath tend to hide from you...Embarrassed

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