70 Z/28

[DarrenX33]

20k, 25k? What are restoration costs these days? Either they got cheaper or I have missed 70Zs pulling that kind of coin.

[lbnaz]

Hello, I appreciate all the input. I saw on an ad in parts for sale that it is recomended to ask on the discussion page for pricing before listing on the for sale page. I have nothing against flipping or making a profit on something or someone doing it. This car came along and the time frame in finding out about it and buying it was 2 days. It was sh** or get off the pot. I have just started a frame off on a 69Z so I could use the funds on it. I'm not looking to make a fortune but do not want to leave alot on the table either. I do this a hobby and not a business. I work full time (Union Pipefitter) and play with cars. I generate funds with car parts to work on mine. If and when I do sell this I will donate to this site since it is a great site. Thanks, Larry

[70CitrusZ]

Dude, you don't have to justify yourself for flipping a car. If you bought it and its your property you can do with it what you like. If you wanted to drive it to the Camaro nationals and set it on fire, that is up to you. Don't let it get to you.

Real values for 70 Z's have indeed gone up quite a bit. Good non ebay cars bought and sold get to 45-50k, maybe more. Some people can't afford a 35-45,000 hit at once, but they can buy a 15-20k car and pick away at it.
People are beginning to see the value in these cars, and realizing their importance as easily the best Z ever built.

Back to the flipping thing, I'd much rather have people flipping than hoarding, keeps the cars out there, and not rotting into the lawn, you can see the damage that has been done to this car by "storing".

[budnate]

[ QUOTE ]
Back to the flipping thing, I'd much rather have people flipping than hoarding, keeps the cars out there, and not rotting into the lawn, you can see the damage that has been done to this car by "storing".

[/ QUOTE ]

[GM-26]

[ QUOTE ]
If you wanted to drive it to the Camaro nationals and set it on fire, that is up to you.

[/ QUOTE ]

[Rick H]

I don't have a problem with anyone buying a car for resale but wouldn't it make better sense to ask what a car is worth BEFORE you bought it for resale?

And again, normally those who deal in these cars and even own one would or at least should know it's value. I would think. That's all I am saying. I could care less what someone does with their cars.

This is just my 2 cents on what some are saying about it's worth so don't take it personal. I can't believe that the car is worth $20-25K in the condition it is in. Even $15k is a little high.
The car needs a total restoration and for those who haven't priced out a restore lately the hourly rate is not cheap. The roof repair alone is going to top the list as high dollar. Let's say it takes 1000 hours to restore at a medium rate of $50.00 an hour. That's $50,000 in labor alone. Then add in the parts needed. You'll be up close to $100k when finished. Are 70 Z's worth that number? I find it hard to believe and I own one. JMHO.

Now go have fun.

Rick H.

[DarrenX33]

[ QUOTE ]
This is just my 2 cents on what some are saying about it's worth so don't take it personal. I can't believe that the car is worth $20-25K in the condition it is in. Even $15k is a little high.
The car needs a total restoration and for those who haven't priced out a restore lately the hourly rate is not cheap. The roof repair alone is going to top the list as high dollar. Let's say it takes 1000 hours to restore at a medium rate of $50.00 an hour. That's $50,000 in labor alone. Then add in the parts needed. You'll be up close to $100k when finished. Are 70 Z's worth that number? I find it hard to believe and I own one. JMHO.

[/ QUOTE ]

Got to agree on that one. That's why I asked the question. IMHO I don't think 70Z are demanding that much yet.

[69LM1]

Rick, good info. Even if the first post was a little agressive IMHO if the person does not know you from here.

Was anyone watching this auction? The 70Z there was almost just like this one, just more rust. 6,700.00 final selling price.


70 Z on Ebay Click Here

Rich

[Rick H]

[ QUOTE ]
a little agressive

[/ QUOTE ] LOL, I get like that sometimes? I don't mean to offend anyone, believe me.

Rich, the one you posted is a 1971 Z28 but the point is the same. Cars in this condition are IMO just not worth big dollars yet. If you have to pay twice what it is worth just to restore it then that is not an investment.

Of course if you want to buy a rust bucket, restore it to pristine and drive/keep it 10-20 years then by all means go for it. It's all based on individual choice.

Rick H.

[ANDY M]

Check out the for sale ads in Hemmings. If I had a dollar for every ad that had the line "$$$ invested in restoration, will sacrifice for $$$" I'd be a rich man.
The 80% restored ads are also know as "Divorce Projects", meaning that if you spend another dollar, etc.
(Or the guy needs money because of the impending divorce).
We have all heard these stories.
Buy one that's done!
Or figure out if the parts are worth more than the asking price and part it out. Just as much work, but less chance of losing money.