nathan
Junior Member
Posts: 66
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Post by nathan on Oct 20, 2013 22:25:30 GMT -7
I have the option to purchase a 1966 stingray from a family friend. I am curious if you can all help me figure out a price. The car has ugly wheels and needs brake work from sitting a few years but other then that it is near mint condition in and out.
The motor is not original and I know this is what is killing the value the most. originally came with a 327 and it currently has a newer reman 350 and the original motor is no where to be found.
I am looking at this as an investment.. Something I can hold on to for a few years and if necessary I can sell it quick and make a few bucks or as a worst case scenario at least break even. I figure having money in this car would appreciate more than money in my bank as long as I buy it right.
I don't have any pics right now but just imagine a clean white/red 66 stingray. What do you think is a low price, fair price and too high of a price to pay for something like this? I noticed on ebay a 66 number match stingray did not have the reserve met at 27k which worries me a little that these cars really don't have much value to them, unless this one auction was just a fluke and there were no serious buyers involved with the auction.
Any advice/insight as far as price will be appreciated.
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tbiga
Junior Member
Posts: 129
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Post by tbiga on Oct 21, 2013 12:06:37 GMT -7
Lots more questions before one can even begin to estimate a value, but as someone on here once told me that cars shouldn't be an investment. They said it in a much more funny and eloquent way but thats the gist of it.
I have a 65 myself and have been watching the market for years and seeing what the trends are. In the late 80 through the 90 it seemed any mid-year was a high dollar car. But those days are long gone I'm afraid. The trend now seems to be either a Resto-Mod or well documented highly optioned originals cars.
Resto-Mod seems very popular and can fetch a hefty price. You can do a lot to the car, make it modern, fun and safe to drive. It seems you'll get some pretty big numbers out of the value, but that depends on the money you put into it. google search pro touring or power tour corvettes that style of car still seems to get attention.
If you're going down the all original route you need to know more about what the car is supposed to have in it. Off the top of my head I believe there were 3 flavors of 327 (300, 350, 390 HP). It would be fairly easy to get a numbers matching block, if nothing else those can be forged. Heads aren't overly hard to find either. But some nit-picky person will inspect the other accessories for originality also and that can make a big difference in final value. What accessories is the car supposed to have? Auto or Manual, PS, PW, Telescopic wheel, factory AC, side exhaust, coupe or convertible (convertible soft and hard top?). Those ugly wheels, if they are original knock-off they could be worth few grand in value.
I think the hey day of the mid-years has come and gone. There are very few average optioned models fetching big prices. I think some owners (especially on ebay) are still holding on to what value the cars had at the peak where any mid-year seemed to bring crazy money.
I'm afraid I don't have a good answer when it comes to value but I'm sure with a little more info I could help maybe help find a few cars that a more fair comparison.
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nathan
Junior Member
Posts: 66
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Post by nathan on Oct 21, 2013 13:03:34 GMT -7
Thank you for the reply. I have only seen the car once so I may not be able to fully answer all your questions. The car is for sale through a family friend. The owner has owned the car since the 80s and passed away recently so the family is trying to sell it and asked me about possibly purchasing it since they know I like old cars. The car is a coupe, 4 speed with a 350 in it now. wheels are some 80s knock offs that need to be thrown away. came with power steering. Has coated side pipes and headers. I know this isn't a diamond but I figure it could still be a good buy if I can buy it for the right price. This isn't going to be a car to restore back to original, will cost too much. This will just be a car that is driven and used. It is a clean car and you can pretty much eat off the interior, body or engine. I know it's hard to come up with a value but i'm looking at it based off a clean driver. thank you. Attachments:
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tbiga
Junior Member
Posts: 129
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Post by tbiga on Oct 21, 2013 20:04:38 GMT -7
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Post by Larry N Johnson on Mar 19, 2014 10:43:51 GMT -7
Need more images. Can you get some? If the car is really "mint" as described, it would be worth more than $40k IMHO.
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