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Topic: '78 Pace Car Help

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'78 Pace Car Help

Posted: 9/3/07 7:53pm Message 1 of 23
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Irving, TX - USA
Joined: 8/21/2004
Posts: 4273
Vette(s): #1 -1969 Corvette Coupe Riverside Gold, black interior,MN,A/C,350/350,PS,PB,window cranks. #2 -2000 C5, black/black, 6 sp, Bose system & lots of buttons.
Went to a car show today (Labor Day) and saw a pretty nice looking '78 Pace Car.  I didn't check the vin # yet.  I looked at the paint, engine, interior, etcl.  It has the 350 in it, air and it's an automatic (yuck), but overall, it looked pretty good.  Needs some work on the fiberglass where it joins over the front passenger tire.  The guy said it runs pretty good and pointed out the repair area.  There were not any letters on the doors, like I've seen on others.  He said he wanted $15,000. for it.  I think that's high.
 
What are these going for???  What all should I look for that I might overlook with these?  Think it's worth the investment? 



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'78 Pace Car Help

Posted: 9/3/07 8:33pm Message 2 of 23
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North Charleston, SC - USA
Joined: 3/20/2004
Posts: 4176
Vette(s): 1975 L48 AT AC T-top
In my opinion the L-82, 4-speed pace cars are the only "investment quality" candidates. Only around 200 units produced out of a total population around 6500 78 pace cars produced. And there is no shortage of low mileage pace cars out there in the L-48, automatic tranny population, just watch Ebay. BTW, the lettering came with all the cars but was not always installed on the car.  Some buyers elected to leave them off.
Scott



'78 Pace Car Help

Posted: 9/4/07 6:24am Message 3 of 23
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Mick, these cars pop up periodically on the Bay Area craigslist. Most have fairly low mileage and appear to have been well maintained. A few don't have the decals on the body at all, and I've seen a couple with only partial decals (as Scott explained, the decals were applied at the dealership, not the factory. FWIW, one seller had a set still in the GM box, for $300--they were on sale, separate from any car, for ages).

For price comparison, there are two Pace Cars currently listed: an L82, with 48,600 miles, asking price $15,400. And an L48, with 15,000 miles, listed for $19,500.

Happy shopping!


'78 Pace Car Help

Posted: 9/4/07 6:40pm Message 4 of 23
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Fox Island, WA - USA
Joined: 6/20/2005
Posts: 4068
Vette(s): 1978 Indy Pace Car 4851 of 6502, Auto, L-48
Hate to say it Mick but if that car needs body work it prolly needs alot more work, I'd worry about things you can't see like the transmission or other mechanical issues.   SFVette is right, search for 1978 Pace Car on eBay, you can find a few in great shape on eBay for just a couple thousand more. 
 
The decals came in the Pace Car in boxes, it was the purchasers choice to have them installed or not.  OEM sets of these decals go for high $$$ on eBay but I'd be leary of decals that have been in the box for almost 30 yrs. 
 
And yes, the L82 4-speed is the rare version of this car bringing a higher price tag.



MARK
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'78 Pace Car Help

Posted: 9/4/07 6:48pm Message 5 of 23
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Fox Island, WA - USA
Joined: 6/20/2005
Posts: 4068
Vette(s): 1978 Indy Pace Car 4851 of 6502, Auto, L-48
Oh ya my baby went over 100k miles this weekend Cry But shes looking good, 6 shows so far this summer, 4-1st Place, 1-Favorite 70's Car, and 1-Peoples Choice Clap
 
Theres only one Pace Car on eBay right now but you just missed out on the last Pace Car made Look at what the highest bid on that baby was, and it didn't reach reserve LOL



MARK
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"Keep up the Pace"

'78 Pace Car Help

Posted: 9/4/07 7:17pm Message 6 of 23
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Duncanville, TX - USA
Joined: 11/8/2003
Posts: 20229
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
Some fool will buy it...


Joel Adams
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'78 Pace Car Help

Posted: 9/4/07 7:40pm Message 7 of 23
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Irving, TX - USA
Joined: 8/21/2004
Posts: 4273
Vette(s): #1 -1969 Corvette Coupe Riverside Gold, black interior,MN,A/C,350/350,PS,PB,window cranks. #2 -2000 C5, black/black, 6 sp, Bose system & lots of buttons.
All this info really HELPS.  I would really love to have one.  I've been keeping my eye out (it's been painfull...LOLLOL).  I got all excited when I saw this one.  It was outta Florida.  With ya all's info, I'm NOT so excited about it now.  I would say it was in "GOOD" shape from what I saw.
 
I wonder what the real price was on the LAST PACE CAR.  Sounded like he wanted that $300,000.00 price like the Barret-Jackson Auction, Leapin' Lizards, Batman! Shocked  I would have to sell my husband! Embarrassed  Wait, that's not a bad idea........ShockedShocked
 
Pace Car Colors! Star



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MICK - C3VR Lifetime Member #113

'78 Pace Car Help

Posted: 9/4/07 9:21pm Message 8 of 23
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Shenandoah, PA - USA
Joined: 10/18/2006
Posts: 328
Vette(s): 1982 Chevrolet Corvette
'78 Pace Car is probably my favorite 'Vette.  One day I'll move into one...
 
Anyway, a lot of people bought these cars and put them away as "investments" back in the 'ol days  Tongue  I don't think they really ever reached the potential for profit people thought they had, so there are now quite a few low mile, original Pace Cars out there for sale.  As was already stated, the decals could be left in the box.  Reproduction decals are readily available.



'78 Pace Car Help

Posted: 9/5/07 6:37am Message 9 of 23
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I think there are some better deals out there. Keep searching Ebay. I've always liked the Pace Cars and Anniversary Cars with red interior.

Good luck in your search.


'78 Pace Car Help

Posted: 9/5/07 9:08am Message 10 of 23
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Victor, NY - USA
Joined: 7/12/2004
Posts: 6842
Vette(s): 2004 Commemorative Edition Coupe, Auto w/HUD. 13K miles in 2015. Sold 1982 Red Coupe
The last one belongs in a museum. I wonder who has the second last one?


 
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