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Topic: Value of 69 Coupe 427/390 #'s matching

in Forum: C3 General Discussion


Value of 69 Coupe 427/390 #'s matching

Posted: 12/15/07 6:25pm Message 1 of 13
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Niles, IL - USA
Joined: 12/15/2007
Posts: 6
Vette(s): 1969 427/390
Hi All,
 
New guy here looking for help on a possible purchase of a 69 Coupe 427/390 numbers matching car. I would rate this a 3 or 3-.  Help with value? Thanks John



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Value of 69 Coupe 427/390 #'s matching

Posted: 12/15/07 6:48pm Message 2 of 13
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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
$15-20,000, on average, depending on actual condition, and options, mileage, etc. Decent 390hp '69s are going for around $30,000, in good/excellent condition.


Joel Adams
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Value of 69 Coupe 427/390 #'s matching

Posted: 12/15/07 7:50pm Message 3 of 13
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Niles, IL - USA
Joined: 12/15/2007
Posts: 6
Vette(s): 1969 427/390
Hi Joel,
 
Thanks for the reply. I thought these would be worth much more.  We are at $22K.  It needs paint and carpet, He has a ton of paperwork, copies of the title changes since it was pucrhased new and lots of receipts for all of the engine work that has been done over the years.  All the parts are date correct.
 
Any major issues that would make this a bad purchase? I already verified the VIN and block.
 
Thanks
4jbshere2007-12-15 20:00:01


Value of 69 Coupe 427/390 #'s matching

Posted: 12/15/07 8:07pm Message 4 of 13
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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
$22k is prolly a good buy for the car. The original paperwork adds tremendous value...just don't let them know!
Watch for rusty frame sections, especially just in front of the rear wheels, and around the windshield frame.

Look for leaky brake calipers, another common issue. Not too bad to fix, but still an issue.

Look carefully for any bodywork that may have been done, especially around the front bumper/headlight area. Some older repairs may not have been done properly, and can cost a bundle to get right later.
There is also an issue of the front header panel rivets corroding, and pushing up thru the fiberglass, just behind the headlights. This can be a major repair.

What color is it?
Does it have the headrest seats?
What trans?
When can I get a ride in it?


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"

Value of 69 Coupe 427/390 #'s matching

Posted: 12/15/07 8:21pm Message 5 of 13
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Niles, IL - USA
Joined: 12/15/2007
Posts: 6
Vette(s): 1969 427/390
What color is it? LeMans Blue
Does it have the headrest seats? ?Not sure?
What trans? 4 speed
4jbshere2007-12-15 20:50:46


Value of 69 Coupe 427/390 #'s matching

Posted: 12/16/07 3:19pm Message 6 of 13
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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
Like Joel says, being a Northern car, look for rust and major collisions.
Can you verify the milage?
New paint will cost you $10K unless you can do it yourself.
Replacing the carpet is a good DIY job.
Do all the electrics work?
How about the vacuum.
Everything you find wrong should lower the price.
Good luck.



 
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Value of 69 Coupe 427/390 #'s matching

Posted: 12/16/07 4:22pm Message 7 of 13
Former Member
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Niles, IL - USA
Joined: 12/15/2007
Posts: 6
Vette(s): 1969 427/390
Does $22K seem about right if I need new paint and carpet and some other small stuff?  If it ends up being a 2 or 2- car, what price range will it fall in for resale. I only ask becasue I can not get to upside down on this project.
 
Is this a common issue? Drivers side crack in door sill?
 
Thanks, John
 
4jbshere2007-12-16 16:30:18


Value of 69 Coupe 427/390 #'s matching

Posted: 12/16/07 5:03pm Message 8 of 13
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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

I'd have to say it s NOT a common area for cracks. The more common areas would be around the headlights, on the tops of the front fenders, and around the holes where the front/rear bumper brackets go thru the body.
That being said, my '74 did have a strange crack on the pass side, just outboard of the door glass, on the "halo" part of the body.

The fact that the car needs paint is a bargaining tool. The carpet, not so much. Carpet sets a reasonably cheap, around $200 or less. Paint, or at least a decent paint job, will set you back at least $5000, unless you have a friend in the business, and you do a lot of the disassembly yourself.
If you are buying this car for yourself, and not for resale, I'd say take care of the mechanical issues it may have first, and then save up for the body/paint as time goes by. If you are planning on turning this car for a profit, quickly, then it may not be the right car for you.
Make a lower offer of, say, $17,000, and see what happens.


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"

Value of 69 Coupe 427/390 #'s matching

Posted: 12/16/07 5:18pm Message 9 of 13
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Niles, IL - USA
Joined: 12/15/2007
Posts: 6
Vette(s): 1969 427/390
Thanks guys. You made this a lot easier. I think I will offer 18K and see what happens.  Otherwise, I will keep looking.


Value of 69 Coupe 427/390 #'s matching

Posted: 12/20/07 1:35pm Message 10 of 13
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Kendall Park, NJ - USA
Joined: 3/9/2005
Posts: 789
Vette(s): 1981 - 59 Beige over Cinnebar leather. Edlebrock top end, 2200 stall w/shift kit, 3:55s, Mufflex maniback exhaust, nice stereo, 16 in AREs w/BFGs
Being in the biz, trust me, EVERYONE gets upside down on projects. Good street paint is 5k all day long.  BODYWORK is expensive.   Even at 18k, I see you going the wrong way on this one... 


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