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Topic: Appreciation of Corvette Prices

in Forum: C3 General Discussion


Appreciation of Corvette Prices

Posted: 10/21/07 3:57pm Message 31 of 49
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Hurst, TX - USA
Joined: 10/14/2007
Posts: 173
Vette(s): 1972 Corvette Coupe. 350/200 Automatic with PS/PB/PW and A/C. Beautiful Bryar Blue. Unmolested original. Shooting for NCRS Top Flight someday.

Well I have been out of town all weekend and just back.  I am still considering all of the wisdom filled info ya'll have given me in this topic.  Yea Rick, I have been feeling a little skiddish about pursuing the '68 in the link I posted based on the exchanges with the dealer that I have mentioned previously. After all, it is alot of $ and feel that maybe some more research and knowledge gained will help me make a better decision.  And from your suggestions I won't follow thru with a purchase without consulting a more seasoned C3 veteran.

Not meaning to start another topic here but I have just been wondering.....  How do all of these "Corvette Dealers" obtain the cars that they sell?  Do they get them at auctions and then refurbish/restore 'em themselves or send them to a 3rd party shop?  Is it better to purchase from an individual?
 
Regards,
Roger



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Appreciation of Corvette Prices

Posted: 10/22/07 1:20pm Message 32 of 49
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Jefferson City, MO - USA
Joined: 3/9/2007
Posts: 150
Vette(s): 1969 L46 4 Speed Roadster
The vast majority of the dealers buy the cars at auctions or as trade-ins.  Most restorations are done by shops and some by individuals (like me).  When an owner gets tired of a car, there is always a dealer out there that is willing to buy it for bottom dollar, make a few cosmetic repairs, color sand and buff and then turn it around listed as a "great driver" or "older restoration" and make some decent money at the expense of the buyers naivete'.  Keep your head on and shop wisely (Don't buy on impulse).


Appreciation of Corvette Prices

Posted: 10/22/07 9:56pm Message 33 of 49
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Hot Springs, AR - USA
Joined: 4/24/2004
Posts: 3236
Vette(s): 69 Conv #'s match 427, TKO-600/.64, 3.36HD-Posi, HT, T/T, PS, PB, PW, SP, Leather, Comp XE264HR & Roller Rockers & Lifters, Air-Gap RPM intake, Holley St Av 770 VS, MSD 6AL+Dist+Blaster SS, K&N, Jet-Hot Hooker Side-Pipes, Steeroids, Al Rad, Spal Fans
[QUOTE=rdupler2]

Well fellas.... you have certainly given me alot to think about, i.e.,

1. Do I really want an "investment grade" car that I cannot really drive or one that I am not afraid to drive?
2. Do I want a '68 considering the problem with one-off year parts availability?
3. Perhaps better to go with a '69 (fewer parts problems and '68 bugs worked out) or '70 (rarer due to the shortened model year).
4. Maybe a later year model with more "creature comforts"?

[/QUOTE]
 
The 69 has alot of mid year parts changes...  remember that if youre looking to keep it original... 



Appreciation of Corvette Prices

Posted: 10/23/07 5:50am Message 34 of 49
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Tucson, AZ - USA
Joined: 10/7/2007
Posts: 341
Vette(s): 1970 White L-46 Air Roadster, 1971 White LT1 Coupe, 1971 Red Auto Air Coupe, 383 stroker, 430 HP, 2002 Millennium Yellow Auto Coupe
Just my $.02.
 
I always look at the big block cars, LT1s, etc. as investment cars. In that respect, numbers match is very important. If you want bumper cars to drive, stick with the small blocks. You can actually pass gas stations without stopping. The cars we have now are all "fun" cars. The 1970 Roadster is the most stock and is number match, but I still drive it quite a bit. It gets good mileage, and turns some heads.
 
I guess what I am saying is, if you want a car to drive and enjoy, get a small block, nice, but not necessarily number match. If you want an investment car, that you don't want to drive, spend the money, get a more special car, drive it little, and let the value increase.
 
It just depends on what you want to do with it.




Appreciation of Corvette Prices

Posted: 10/23/07 7:01pm Message 35 of 49
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Fresno, TX - USA
Joined: 1/15/2007
Posts: 240
Vette(s): 1980 corvette
Why do I see so many 80 vettes for sale? anything under a 80 seems to pick up value. The 80 was the last year they had carbs after that they went to fuel injection.


  

Appreciation of Corvette Prices

Posted: 10/23/07 8:25pm Message 36 of 49
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Hurst, TX - USA
Joined: 10/14/2007
Posts: 173
Vette(s): 1972 Corvette Coupe. 350/200 Automatic with PS/PB/PW and A/C. Beautiful Bryar Blue. Unmolested original. Shooting for NCRS Top Flight someday.

Well it's just surprising to me how many Corvette only dealers there are and how many C3's seem to be available from them ....at mostly premium prices.  They must get 'em fairly inexpensively considering how much (at least from what I have read and heard) it costs to restore one.

Thanks also for the thoughts on big vs small block. While my preference is for the big block car as an investment,  I would also like to be able to drive the car.  I priced insurance from Haggerty thru my Allstate agent. The $329/yr they quoted for the '68 427/390 was based on only dirving it a max of 300 miles per year Cry.

Finally, thanks for the info on the '80 model year. You've got a great looking one Big%20smile but I am very partial to the '68 thru '72 bumper cars.  Hopefully I will end up with my dream Corvette soon.  Just have to avoid getting too excited and ending up with a problem car.

Regards,
Roger



Appreciation of Corvette Prices

Posted: 10/23/07 9:26pm Message 37 of 49
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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.
Roger,
Just for comparison sake, why don't you call Grundy and get a quote from them on a '68 427/390. Make sure that you ask for the same "declared value" and other coverage. Grundy has unlimited mileage. Their toll free number is 1-800-338-4005.


Appreciation of Corvette Prices

Posted: 10/24/07 6:56am Message 38 of 49
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Flanders, NJ - USA
Joined: 1/27/2004
Posts: 2556
Vette(s): 1982 Black, ZZ4, Hooker Side Pipes, 3.55 Rear, Rebuilt & upgraded 700R4, All new suspension, brakes, & new Charcoal interior.
[QUOTE=frstvette]Why do I see so many 80 vettes for sale? anything under a 80 seems to pick up value. The 80 was the last year they had carbs after that they went to fuel injection.[/QUOTE]
The '81 has a carb except it's computer controlled, the '82 has the Crossfire Injection (dual throttle bodies). I know, picky, picky!
I like the body work & paint on yours, very nice!
DaveM2007-10-24 06:58:32


 

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Dave's '82


   

Appreciation of Corvette Prices

Posted: 10/24/07 11:49am Message 39 of 49
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Quincy, CA - USA
Joined: 4/4/2006
Posts: 85
Vette(s): 1970 LS5 4-speed 500 HP 468 C.I.
Hey Roger,
I have Hagerty for my '70 and for a '65 Skylark and it's around $300 a year for both and NO milage limit. Sounds like your agent isn't being straight with you. Call hagerty yourself.
 
Jeff



Appreciation of Corvette Prices

Posted: 10/24/07 8:41pm Message 40 of 49
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Hurst, TX - USA
Joined: 10/14/2007
Posts: 173
Vette(s): 1972 Corvette Coupe. 350/200 Automatic with PS/PB/PW and A/C. Beautiful Bryar Blue. Unmolested original. Shooting for NCRS Top Flight someday.
Ok, I will call Grundy and Hagerty and get more info.  The girl that I spoke to at Allstate did not seem to be that familiar with it.  Maybe they don't sell that much insurance for classic cars.  Oh well, being a rookie at this I assumed that the best way was to go thru my insurance agent. 
 
Thanks,
Roger



in Forum: C3 General Discussion


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