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#1
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Bummer. I'm sure he will come around eventually. Holding an engine hostage is not a cool move. As stated earlier, your offer was twice market value which should be fair for everyone. I appreciate you posting this info here for all to see. Transparency can only help in this situation.
Out of curiosity, was there a conversation about a trade in with the take out restoration engine? Jason |
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PeteLeathersac (08-10-2022) |
#2
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I offered trade with no respose.
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#3
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It’s like holding a winning lottery ticket but you cannot turn it in...in his case a grenade
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#4
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It felt like a kidnap for ransom right from the start. He was trying to fund his retirement off the engine. And I agree, he knew what he had all along, just needed the people on here to verify/find the car so he could make his ridiculous price.
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Mitch 1970 Chevelle SS 1966 Chevelle SS 1967 Camaro ss/rs 1938 Business coupe, street rod 2000 FXSTS, original owner, 13k miles |
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Copo_Cartel (08-10-2022) |
#5
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How much difference in the price/value of the car when comparing non-born-with engine as compared to born-with engine? In a rate high performance car like a 427 Yenko, I think it would be quite a bit.
The way I see it, IF the value of the car differs by X amount, a reasonable price is around 65% of X. Were not talking peanuts here, were not talking run of the mill engines and cars. So if the "value" of the car goes up 100,000, why should the guy with the engine not be allowed to get his share of the value either? Now IF the Yenko value is only increasing say $40K, then YES $20K is a strong offer. Is the engine worth 20K to anyone else, no. But the car owner should be the only one making huge profit IF and when he sells. IF I was the owner of the car, I would find out the how much MORE the car is worth with the born-with engine. I would start at 50% of that value. BOTH should profit almost equally in the reuniting of the born-with engine. BUT now that the engine is out there and known, will probably be reunited down the road once reality sets in on both side. Might take time or a few years, but should happen some day.
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'58 Apache pick up restomodding with twin turbo 522 '78 Z28 4sp being restored '78 Z28 32,000 survivor, Og Yellow paint, AC. '70 W30 convert TRIBUTE '70 CANADIAN Nova SS396 L78 Pro Street '69 CANADIAN Nova SS 396/350 hp '67 CANADIAN Nova SS 427 10 sec. driver '66 CANADIAN Nova SS Race Car '69 FIREBIRD Tubbed Racecar '61 CANADIAN Pontiac Bubble top 409+/4sp (SOLD) '31 ALL STEEL Chevy P.U. GONE (EX-WIFES NOW) |
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#6
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For 30+ years, the #3 ZL-1 had the engine from ZL-1 #26. That car has the engine from #3. Why not just swap? As #3 moved on, each owner tried to get it done, no go. The engine from #57 has been known for years. Not in use, just sitting. Won't sell.
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Learning more and more about less and less... |
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PeteLeathersac (08-10-2022), Too Many Projects (08-10-2022) |
#7
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I did quite a bit of thinking about this before I made the offer. I feel that 25 to 30000 tops would catch the difference between an original engine Yenko Camaro versus a restoration motor. Original trans and rear push that number higher. Even though reportably rebuilt this motor would need to be diassembled to determine pistons and camshaft used. Aftermarket rocker arms indicate a custom build probably not correct for stock application. Then theres the actual remove and replace. Not for the faint of heart. Dont forget transportation 1000 miles. Could even be an issue like a cracked cylinder bore or out of round bores or line bore issues. Reported to be blueprinted but obviously not decked. Easy to spend another 5000 on top of the 20000. If your number was 65 percent using 25000 invested then that would yield a car value increase of around 35000. I think thats at the very top of added value. Of course theres a restoration motor to sell. It would need to be decked as well.
All this adds up to my offer of 20000 which I feel is fair. How much the seller has invested or to gain or lose is irrelevant. |
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#8
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Many end up having more $$$ then the cars worth after resto. I have GIVEN stuff away because it was the right thing to do. I have also taken LESS then offered from people because I didn't think it was fair. I'M NOT RICH but not broke either. I was thinking, on a Yenko, a born-with engine would be about $50,000 more bump in value at time of sale. Good luck, time will tell.
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'58 Apache pick up restomodding with twin turbo 522 '78 Z28 4sp being restored '78 Z28 32,000 survivor, Og Yellow paint, AC. '70 W30 convert TRIBUTE '70 CANADIAN Nova SS396 L78 Pro Street '69 CANADIAN Nova SS 396/350 hp '67 CANADIAN Nova SS 427 10 sec. driver '66 CANADIAN Nova SS Race Car '69 FIREBIRD Tubbed Racecar '61 CANADIAN Pontiac Bubble top 409+/4sp (SOLD) '31 ALL STEEL Chevy P.U. GONE (EX-WIFES NOW) |
#9
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No quite correct. When I owned # 3 I bought the engine for # 26 from Jim Stubbins who bought it from Porterfield after Porterfield could not get a trade done. I tried to work a trade with 26 owner but was a waste of time. I then put the engine for 26 into # 3 figuring someday someone would get it done. Before that # 3 had a different engine in it that I think I sold to Kevin Suydam.
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#10
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69 Camaros, 69-70 Chevelles, and in particular special paint cars. |
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