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Topic: 1970 C3 Convertible pricing

in Forum: C3 General Discussion


1970 C3 Convertible pricing

Posted: 7/7/06 1:59pm Message 1 of 24
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North Charleston, SC - USA
Joined: 3/20/2004
Posts: 4176
Vette(s): 1975 L48 AT AC T-top
I am going to attempt to keep this as short and focused as possible because I know there are an infinite number of variables. A buddy of mine bought a 70 vert off of EBAY. He asked all of the right questions about numbers matching etc. He bought what was represented as a restoration with matching engine, tranny, etc. In fact the exact wording was "original" engine and tranny(4sp). The car does have fresh paint and interior that looks very nice. I have looked the car over and determined that it isn't even a Corvette engine. I believe it is a 305c.i. truck engine(another post has the numbers). It is a non a/c car. Canvas top is in good condition. Does not have the hard top.

My question is: What is the car worth with this engine? I would rate everything else strong 8 out of 10. What would it be worth if it has the right engine which would have been a 350/300?
Thanks,
Scott

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1970 C3 Convertible pricing

Posted: 7/7/06 2:41pm Message 2 of 24
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Newark, DE - USA
Joined: 7/26/2004
Posts: 468
Vette(s): 1968 Conv, 454HO,500HP-600TQ, TKO-600,3:70 HD rear,hotrod air, custom paint & suspension,1973 Ruby Red,T-top, 383 Stroker, TK)-500,frame off restro, 1967 Dodge Coronet, 340 stroker to 406, Dana 60

I'd say in the 20K to 30k range & maybe more. Chrome bumper cars are going up & up.

Alan




                                               

1970 C3 Convertible pricing

Posted: 7/7/06 3:07pm Message 3 of 24
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Roseland, NJ - USA
Joined: 12/4/2003
Posts: 966
Vette(s): 1974, 454 with 4 on the floor, matching numbers.
Scott, Even though the cost for chrome bumper cars are definately on the rise, I would say the seller mislead your friend. Without knowing what he paid for it , I would at the least expect a price reduction. If it has a possible truck engine what else may be misrepresented ? I've seen some nice 70's from $10,000 (needs work) to some really nice ones with matching numbers between $19,000 to around $28,000.    


1970 C3 Convertible pricing

Posted: 7/7/06 3:40pm Message 4 of 24
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Bladenboro, NC - USA
Joined: 1/22/2006
Posts: 1058
Vette(s): 1972 conv., sunfire yellow, blk interior, blk vinyl and convertible top. Off frame restoration with American Speed 383 stroker engine producing 500hp plus a 200hp NOS system. MSD ignition. Hooker super competition headers with chambered exhaust.
Scott, Just wondering if you could post the URL for the ebay item. It would be nice for us to be able to see the description and pics of the car. I would also like to know who the seller was.


1970 C3 Convertible pricing

Posted: 7/7/06 4:03pm Message 5 of 24
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Huntsville, AL - USA
Joined: 11/15/2003
Posts: 857
Vette(s): 1971 convertible,375 HP 350ci,Muncie 4-speed,Edelbrock aluminum heads and RPM air-gap manifold,HEI distrubiter - old school mechanical tach drive. LOUD side exhaust!

Scott:

     I got my 71 convertible in May. It had a 400 small block in it (original engine was also included),  Muncie 4 speed (verified original), a so-so interior (probably 5 or 6 out of 10), and good paint (probably 7.5 - 8 out of 10), and good top (8 out of 10). So far everything is either original or I have the original parts excpet for the rear end, whcih is off an 81 or 82. The 400 engine ended up dropping a valve, and I'm in the process of replacing it (going to keep the original engine untouched). I paid 17.5 for the car, and even though the motor went bad, I don't feel cheated. Hope this gives you some help.




1970 C3 Convertible pricing

Posted: 7/7/06 4:20pm Message 6 of 24
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Joined: 7/24/2003
Posts: 2150
Vette(s): 1982 Collector Edition #3413

If you need to find a price on it.   See NADA under Classic car.   This will help in a price.   But if it's not the 'original' motor.   I would not of bought it.   I would of sent an appraiser out to see what or if it's in the condition the seller put on the ebay auction.

To me I would of paid $13,000 for it.   Then look for a better motor.

Best of Luck with the vette.




1970 C3 Convertible pricing

Posted: 7/7/06 4:29pm Message 7 of 24
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North Charleston, SC - USA
Joined: 3/20/2004
Posts: 4176
Vette(s): 1975 L48 AT AC T-top
[QUOTE=Iron82]

If you need to find a price on it.   See NADA under Classic car.   This will help in a price.   But if it's not the 'original' motor.   I would not of bought it.   I would of sent an appraiser out to see what or if it's in the condition the seller put on the ebay auction.

To me I would of paid $13,000 for it.   Then look for a better motor.

Best of Luck with the vette.

[/QUOTE]

All of the above was done with the exception of sending an independent appraiser to Oregon to look the car over. The seller stated that an appraiser had already verified all of the numbers. I have bought a lot of Vettes and all the right questions produced all of the right answers from this seller. The seller even read the engine numbers over the phone. The car arrives and the numbers were not even close. This car was shipped all the way across the country. I know what the car is worth as is. I am just trying to shore up that opinion using your knowledge. I feel bad because I coached my buddy along on this car. Again, all of the right questions were asked. Cosmetically the car is beautiful. He just paid way too much for it because he was told that the engine and tranny were original.
Scott
ranger338905.7092476852


1970 C3 Convertible pricing

Posted: 7/7/06 4:37pm Message 8 of 24
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Joined: 7/24/2003
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Vette(s): 1982 Collector Edition #3413

[QUOTE=ranger3]All of the above was done with the exception of sending an independent appraiser to Oregon to look the car over. The seller stated that an appraiser had already verified all of the numbers. I have bought a lot of Vettes and all the right questions produced all of the right answers from this seller. The seller even read the engine numbers over the phone. The car arrives and the numbers were not even close. This car was shipped all the way across the country. I know what the car is worth as is. I am just trying to shore up that opinion using your knowledge. I feel bad because I coached my buddy along on this car. Again, all of the right questions were asked. Cosmetically the car is beautful. He just paid way too much for it because he was told that the engine and tranny were original.
Scott
[/QUOTE]

Ah....  I see.   Well you did your best and I as a friend taken your word for it.   Wish he still sent an appraiser in.   I never trust anyone when I can't see the car myself.   Especially on ebay.  

Tell him good luck with the vette and make sure he comes on here so we can help him in anyway.  




1970 C3 Convertible pricing

Posted: 7/7/06 4:47pm Message 9 of 24
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North Charleston, SC - USA
Joined: 3/20/2004
Posts: 4176
Vette(s): 1975 L48 AT AC T-top
Thanks Mike(Iron 82),
I bought a couple off of Ebay and had no problems at all. I feel confident when all is said and done my buddy will get most of his money back or either get a reasonable reduction in the price. Ebay has pretty straight forward fraud protection. If that doesn't work there are both civil and criminal remedies. I just feel so bad because I assisted my friend in this transaction.
Scott
ranger338905.8442939815


1970 C3 Convertible pricing

Posted: 7/7/06 4:58pm Message 10 of 24
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Joined: 7/24/2003
Posts: 2150
Vette(s): 1982 Collector Edition #3413
Sounds to me your friend will come out good in the long run.   You did your job and he will do his.   Good job on picking out a C-3 for him.         


in Forum: C3 General Discussion


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