It's a 66' or 67' Vette w/ the 327. (I say 'or' because the guy has two but I'm not sure which he's selling -- I know he's selling one) Full stock. #'s all match. No rust. I know how he's cared for these things -- I, on occasion, would help him spin wrenches.

 

Brad, To be honest with you, I don't know. I don't pay the insurance bills around here. Last I saw, we were a bit over 1 grand for the truck, the Honda, and the Healey per year. I would guess the Healey might be a tad more than the other stuff, but certainly not unreasonable.
John

 

Yes Ebay and the AutoTrader magazines are excellent sources for researching. I put less faith in Blue Books. Do your due diligence and it does not take long to get an understanding of the current market conditions.

I am amazed at how many people lose big bucks because they are too lazy to do research before making a buy.

Also be sure you know what you are buying. If its a classic check all the options on a website or in a book. With the prices going through the roof there is a ton of fraud out there. ODO resets, number restamping, adding options to a base car and claiming it is an original premium model, hiding rust and other damage.....

 

Well if it's a 66' or 67' Vette w/ 327, matching #s, no rust and is in good shape then I think anything below $60K is a sweet deal. Matching #s is HUGE in the collector car world. You can't put a price on matching #s, and if you try to, it's a big price.

My neighbor in Texas had a 67' and that is one fun and cool looking car. It's definitely a good choice, especially if you don't have to restor it. Not to mention is could be an investment and not a loss since those older cars seem to appreciate instead of depreciate.

The only thing I'd be worried about is burning or leaking oil and this is something I'd have double checked. My neighbor's 67' had a 327 and that bad boy was restored and still leaked oil everywhere.

Duke

 

I have my old cars insured through grundy collector car insurance. Pretty cheap actually.

 

Matching numbers = restamp or pieced together parts in a lot of cases.

You can even buy restamp kits and do it yourself!

Or there are "specialists" who will do it for you.

Why not add 20%-30% to the value of your ride?

Then sell it to one of the numbers freaks.

No offence but why would your neighbor sell you one of his cars at less than market value

If you asked him for $5,000 as a gift would he do that too?

I bet he hits you with a price 20% over what he could actually get if he listed it.

 

No offense taken...

I think that he'd do it because he knew my love of his Vettes and realizes that I'm someone that can 'carry on' with what he's done. I'm not looking for any favors from him -- he owes me nothing at all -- but, I know he's more than 'well off' from a financial stand point and, even as a total motor head (like nearly all of us here) he understands that there's a time and place to let go and let the next round enjoy it.

While I don't positively know this to be fact, I'm inferring it based on what he's told my mother who still lives next door and also because of comments that he made to me in the past when I made him swear he'd give me a shot at one of them if and when he ever decided to divest. He's a good guy... I understand that's tough to stomach but, I really think he wants someone who will have a passion and love for this car on the level that he does to have it. Sometimes, I suppose, it's not all about the bottom dollar...

I'll keep you guys updated. It's still a lump-o-change but, like Duke mentioned, it certainly could be viewed as an investment... especially considering that I'd be several thousand on the plus side from the moment that the check is presented...

 

OK here's to you getting a classic plastic fantastic in your garage!

A friend let me drive his '65 coupe a while back for a few days as I detailed the car's engine for him. Probably only 300hp, but in a 3,000 pound car it was still fun as heck to drive!

 

Congrats bud on the opportunity and I hope it all works out for you! I know the kind of guy you're talking about. I have one who lives across the street from my parents but he's not quite that old and is living it up right now. But then again he did offer to let me have his $1.8 million dollar house to myself for 10 mths while he traveled the world. That was one sweet house and one rich guy.

It just goes to prove that being nice and genuinely kind really pays off in the long run for *most* people.

I wish you the best of luck! Let me know if ever wants to sell the other one.

Duke

 

... an update.

I'm going to look at it this weekend. I have already lined out the loan. Unfortunately though, there's one person in front of me in line - unbeknownst to me earlier. I understand why he's before me though... he's related to the owner. We'll see...

 

I pay Hagerty $500 a year total for full coverage on two 66 Vettes which are valued at $100,000. There isn't any mileage or travel restrictions. The vehicles must be in a locked garage and no driver under age 25. I already had one claim for $13500 and they were very good about it.

 

I agree with this as well. Even though my GT Mustang is new I visited a few Mustang forums for a good 3 - 5 months before purchasing and got a lot of great information...

 

That is VERY good info... obviously, you've got some background on this car... would you mind if I shot you an email?


01XLT -- I wish I had the luxury of a few months to do research. I know it'll be gone at this price... suprised it isn't already honestly. From all indications, I could buy it and turn it for a 'large' profit.

 

Not trying to tell you what to do or anything but if the old man thought enough of you to offer a killer deal on a super nice Corvette don't you think it would offend him if you turned around and sold it for a big profit right away?

 

In your case not so much for research but gaining knowledge after you purchase would be a good use of some of those Chevy forums...