1969 427 COPO Barn find

[chads454Ls6]

Seems fishy to me. The guy buys the car for 40k, then does a video on it at the owners house and talks about How rare it is, and then he wants $225k and lives down the street? Who would want that kind of attention, and have the owners family driving by your house everyday looking like they want to “kill you”.

[JKZ27]

Lot of scenarios possible here. I keep coming back to "turned down $175". Sounds greedy.

Cool car and I hope it ends up in the right hands with enough cash left on the table for a proper resto if it needs it.

[EZ Nova]

Originally Posted by JKZ27

Lot of scenarios possible here. I keep coming back to "turned down $175". Sounds greedy.

Sorry but the new "buyer" sounds like a ass! Friend or not, knowingly ripping the people off that bad is pure SCUM in my book.

UNLESS, after the deal the buyer said that he legally stole this car and wanted to make things right and split the profit 50/50.

I see this transaction being an informed buyer praying on a less informed sell. Just like the scammers that talk older people out of there 401k or the whole reverse mortgage thing.

If it were me, and some of you better of high end car owners can disagree, but I would have taken the quick $175. Then went back to the seller with 2 cheques. First for another $30k. If the seller was genuinely happy and respectful with that cheque, then say here's the rest you should have got. And give him the second cheque for another $30k. Tell him you sold the car for $175 and you kept $75k for yourself, and they got $100k for the car.

But that's just me. Karma's a bitch and it will come back and bit you in the ass sooner or later. And I have done this on 7 different occasions now. The 2nd cheque really surprises them.

[SS427]

Most people here talk like they would take care of the seller and give them a retail price but many have not been in this situation and I honestly think you might act differently if you were the buyer while some of those same people have done just what they are arguing against. Go figure. Buying for $40k and selling for $225k is obviously a stretch but would you tell the seller they were too low if the difference was only $20k? I doubt it. Who here has not bought a home or other properties that were way below market value and in hopes of making a nice profit when selling yet no one has any issues with that????

Though I am comparing cents to dollars is this any different than going to a swap meet where someone is selling a BE rear for $2500 and you stumble across it? Would you HONESTLY tell the guy he is an idiot and his differential is worth many times that and give him the money or would you quietly and quickly dig in your pocket and start grabbing the $2500 cash to make the purchase? I can tell you honestly that I have gone to swap meets and found LS6 1111437 distributors or similar items for under $100 and quietly paid the seller and moved on. Can you people with all honesty tell me you have not done the same? I am in NO WAY condoning the situation with this COPO but am trying to make the Monday morning quarterbacks look at it from both angles.

Again, I am in no way condoning this particular situation nor am I taking sides, just trying to be realistic.

[MosportGreen66]

Originally Posted by SS427

Most people here talk like they would take care of the seller and give them a retail price but many have not been in this situation and I honestly think you might act differently if you were the buyer while some of those same people have done just what they are arguing against. Go figure. Buying for $40k and selling for $225k is obviously a stretch but would you tell the seller they were too low if the difference was only $20k? I doubt it. Who here has not bought a home or other properties that were way below market value and in hopes of making a nice profit when selling yet no one has any issues with that????

Though I am comparing cents to dollars is this any different than going to a swap meet where someone is selling a BE rear for $2500 and you stumble across it? Would you HONESTLY tell the guy he is an idiot and his differential is worth many times that and give him the money or would you quietly and quickly dig in your pocket and start grabbing the $2500 cash to make the purchase? I can tell you honestly that I have gone to swap meets and found LS6 1111437 distributors or similar items for under $100 and quietly paid the seller and moved on. Can you people with all honesty tell me you have not done the same? I am in NO WAY condoning the situation with this COPO but am trying to make the Monday morning quarterbacks look at it from both angles.

Again, I am in no way condoning this particular situation nor am I taking sides, just trying to be realistic.

Like the real stamp 814 alternator that sold on FB Marketplace last night for $200? I don't need it but sure as heck offered to buy it just to keep it on the shelf for the 'who knows maybe one day' narrative... I have a pic of the listing too which I can edit in this evening.

Dan

[cook_dw]

Originally Posted by MosportGreen66

Like the real stamp 814 alternator that sold on FB Marketplace last night for $200? I don't need it but sure as heck offered to buy it just to keep it on the shelf for the 'who knows maybe one day' narrative... I have a pic of the listing too which I can edit in this evening.

Dan

Right there with you. If I’d only seen it sooner.. lol

[GotGrunt]

Originally Posted by MosportGreen66

Like the real stamp 814 alternator that sold on FB Marketplace last night for $200? I don't need it but sure as heck offered to buy it just to keep it on the shelf for the 'who knows maybe one day' narrative... I have a pic of the listing too which I can edit in this evening.

Dan

Originally Posted by cook_dw

Right there with you. If I’d only seen it sooner.. lol

Ditto

[Sean]

I will not go into specifics but I was asked about the car and had a lengthy conversation with a potential buyer. No paper, many unknowns to throw down 6 figures. I asked several questions and they could not be verified. Enough for me that I would walk.

[olredalert]

----Is it just possible that the new owner doesn't really want to sell it so puts a stupid price on it? It would tend to keep the phone calls and E-mails to a minimum......Bill S

[Tracker1]

If I buy stocks on the NYSE for a dollar a share and it blows up to 80 bucks a share, because I did my research, am I supposed to now seek out all the investors that sold their stock for a buck and re-pay them some "stupidity tax" ? As a Canadian (an arguably super-socialist country), I get a kick out of Americans/Canadians who spout this kind of drivel but out of the other side of their mouths will vehemently defend capitalism over socialism or communism when some of the thinking in this thread is total Marxist ideals. The owner could have gone down to the local library and googled COPO Chevelle and gotten his answer on a selling price in 60 seconds. This BS is amazing to me.

I'm gonna win the lottery tonight and give Marathon guy his 225K and then pay Rick Nelson another six figures to restore it for me. Then I'm gonna have an awesome car that has 100K more in it than it is worth. CUZ I LOVE THIS CAR! Then i'm gonna buy a black stripe delete '70 LS6 Chevelle to stick right next to it in my garage and piss myself every morning when I go out in my man cave! What an evil capitalist I am.