Hey guys,

I know I listed this car before but I need some immediate input!!! I have been going back and forth with the owner of this car and we slightly agred upon a price.

$11,250 for this 68'. It looks like an awesome driver but needs floor pans pretty bad. It does have a 12-bolt and I would say overall it's a 7/10.

I think it's worth it. I am looking to flip it to make some money (college career:D )

what are your thoughts?

here is a link to the last posting http://www.camaros.net/forums/showthread.php?t=119027

That's a good price for purchase and drive. I don't know if it's a great investment oppurtunity for short term. You might get stuck holding it for a while. If you had the money to spare and wanted to hang on to it for a few years then I would say go for it.
Nada.com says low blue book is 11,820 and high is $39K with an average of $21K. You won't lose your shorts on the deal but I don't know if you will make a whole lot either.

I hate to make a judgement on a few pictures but that car looks pretty good for the money. I don't really care for the ladder bar thing on a street car but hey that can be fixed if desired. Certainly I would do all the checking around to make sure it has a clear title etc and I agree with the fact that you may not make a ton right away but longer term it looks like it may do you some good. Heck any first gen that drives is probably worth almost that and this one looks good to boot.

I hate to make a judgement on a few pictures but that car looks pretty good for the money. I don't really care for the ladder bar thing on a street car but hey that can be fixed if desired. Certainly I would do all the checking around to make sure it has a clear title etc and I agree with the fact that you may not make a ton right away but longer term it looks like it may do you some good. Heck any first gen that drives is probably worth almost that and this one looks good to boot.

Awesome,

What are you guys thinking it may be worth?

I was projecting $13-16K

I think based on the current market, this range is feasible for a first gen in this condition

That's a good price for purchase and drive. I don't know if it's a great investment oppurtunity for short term. You might get stuck holding it for a while. If you had the money to spare and wanted to hang on to it for a few years then I would say go for it.
Nada.com says low blue book is 11,820 and high is $39K with an average of $21K. You won't lose your shorts on the deal but I don't know if you will make a whole lot either.


Cant go by NADA for any real world prices. Bad time to try to sell. I've seen so many cars lately that are downright cheap and I'm still hesitant. I dont think the market has bottomed out yet. Be careful.



JMO of course......



bob

Cant go by NADA for any real world prices. Bad time to try to sell. I've seen so many cars lately that are downright cheap and I'm still hesitant. I dont think the market has bottomed out yet. Be careful.



JMO of course......



bob

Good point. The funny thing is that I have had over 7000 viewers and over 200 watchers on a project car I have for sale.

The project car market is MUCH different than the driver/show condition cars

Hey guys,

the dealer called me today and said he would take $10,500 for the car...


I think I may have to pull the trigger. What do you think?

If they're calling you, what's the harm of waiting it out. It dropped $750 in less than a week, the dealer is having trouble unloading it, and based on the way you've described it, no one here has jumped in and said "heck yes, buy it and you'll make $5K".

You describe the floors as being really bad, which to me means to make any significant markup flipping it in the market as it's going right now, you're either going to have to put floors in or flip it to an unknowing buyer.

You only got $12K for a 67 vert driver 3 months ago. I'm just having a real hard time seeing this 68, as you've described it, as a $10K plus car right now.

That looks like a pretty good car. Heck the paint is worth 3-5 thousand that makes the rest of the car worth $5. As far as flipping bad timing but looks like a decent buy:D but I am in no way an expert on value.

good luck

67for/me

Are you planning on flipping it immediately or replacing the floors yourself? If an immediate flip, I would counter with a lower offer and if replacing the floors, I would estimate the materials cost for the floors (and anything else that needs attention) and reduce my offer by that amount. Cash talks, everything else walks. Charlie 69 RS

Are you planning on flipping it immediately or replacing the floors yourself? If an immediate flip, I would counter with a lower offer and if replacing the floors, I would estimate the materials cost for the floors (and anything else that needs attention) and reduce my offer by that amount. Cash talks, everything else walks. Charlie 69 RS

I think I am going to stay firm with my initial offer of $10,000. It was only a day and the price fell from where it was.

I'm not sure the cost of having floors put it. I can't do it myself because of my living situation so I would have to pay someone.

I would guesstimate $1,000 for parts and labor???

not too sure though...

I seems when I try the buy low sell high thing I always get stuck in the end. That being said, be careful, if the dealer can't sell it how were you going to? I'm not being an a$$ when I say that, just watch your money. Wes

I seems when I try the buy low sell high thing I always get stuck in the end. That being said, be careful, if the dealer can't sell it how were you going to? I'm not being an a$$ when I say that, just watch your money. Wes

Good points Wes. THey don't have teh car advertised on the net which is a huge reason why the car is still available. Also, im not 100% sure they know the muscle car industry as well as they know the used car industry.

I think there could be some money made but I am hesitant to hang on to the car. I would be looking for a quick flip because I dont have a place to keep it for a long period of time.

Justin,

Just be aware and know that the market has gone a little soft. Charlie

I'm not sure the cost of having floors put it. I can't do it myself because of my living situation so I would have to pay someone.

I would guesstimate $1,000 for parts and labor???

not too sure though...

Now I see why you are so gung-ho on buying this car for a flip. You have no idea what it cost to pay someone to fix a rustbucket.
Last quote I got on complete floor and trunk pans was ~$10,000.
Granted that was California labor and a convertible, but it's still cost alot to have a shop do the work. Alot more than $1,000.

if buying from a dealer, dont forget the sales tax and other "dealer fees" that will tack on another grand easy. good thing about buying from a private seller is you can leave the title open and save some money there.
as for the price, walk in with 9k and hand it to the sales manager, nothing is selling right now (not just classics) he will take it.

if buying from a dealer, dont forget the sales tax and other "dealer fees" that will tack on another grand easy. good thing about buying from a private seller is you can leave the title open and save some money there.
as for the price, walk in with 9k and hand it to the sales manager, nothing is selling right now (not just classics) he will take it.

well they said it was seperate from the dealership because they were selling for a friend. I wouldnt buy if the title couldnt remain open.

Maybe I will bring some cash in and lay the smack down

Now I see why you are so gung-ho on buying this car for a flip. You have no idea what it cost to pay someone to fix a rustbucket.
Last quote I got on complete floor and trunk pans was ~$10,000.
Granted that was California labor and a convertible, but it's still cost alot to have a shop do the work. Alot more than $1,000.

Full-Length Floorpan R&R $500.00 each side ---Goodmark Installation Prices

Add another couple hundred for two floors and roughly $1,200-$1,500

well they said it was seperate from the dealership because they were selling for a friend. I wouldnt buy if the title couldnt remain open.

Maybe I will bring some cash in and lay the smack down

Just Curious.....Isn't the whole "open title" thing illegal.....I don't care and have actually done it myself....but I thought I read somewhere that that practice is illegal?...anyone know the skinny?

Dan

Probably -

Here in PA, the state wants their piece (sales tax) each time the car changes hands. I'm not sure how the code is written (timeframes and such), but leaving them open doesn't seem common any more.

Full-Length Floorpan R&R $500.00 each side ---Goodmark Installation Prices

Add another couple hundred for two floors and roughly $1,200-$1,500

Dream on with the $1,500 floor install.

Dream on with the $1,500 floor install.

Thanks for the help

I think for 10K the car is a good buy, even if the market is a little soft right now. I would certainly buy it if in the market for a driver quality first gen.

I know the guy that does my paint and body work would install the floors for $1000 or so.....actually I remember a friend telling me he the same guy would do a whole floor on a '80 Trans Am for less than that....

I think alot of the high prices you see on paint and body work are because of one or more reasons-

The guy does supior quality work and puts ALOT of time into it for a factory type finish-

The location is very high priced-like southern Cal vs Southern NC

Or the paint and body guys really doesn't want to do it so he gives a high price to scare the hobbyist away. Lets face it, most paint and body guys outside of a high end restoration shop make their money on insurance stuff involving newer vehicles.

Dream on with the $1,500 floor install.
No, $1500 is about right for the floor install.

However, the overall cost of the project will go something like this:
Local labor to remove front clip, engine trans subframe interior (as required) $1500
Load and ship NY to NC (where the bargain sheetmetal work is) $750
Replace floor pans $1500
Unforseen rust and other hidden damage $2000
Other work you might as well do while your in there $1000
Load and ship NC to NY $750
Local labor to reinstall front clip, engine trans subframe interior $2500

Sound about right?

Biggest piece of advise I can give you is if your trying to make quick money this isn't the way. The profits on most of these cars anymore are so marginal that you need to sell lots of them to make much. It's one thing if you are picking up a few good buys here and there to get 1-2 thousand bucks to fund a project. It's a whole other thing when your picking up a car from a delaer for 10K that needs work unless you can either do it yourself or you employ guys that can do the work. Let's face it, as any guy who knows these cars will tell you it's never just floors. When you start tearing into these things you find rot in places you never new existed. If the floors need to be replaced you can bet they are not the only thing. Unless the car is a Z, SS, COPO, etc. or your going to do a very nice clone of something like a Yenko it's not worth it for the flip. Now if your saving the car because you love it and your going to do it right then you have everyones full support. You need to figure that the cost per hour of a good body man is $60-$80 and the average resto takes between 200-400 labor hours...you do the math. Why do you think guys are selling COPO clones for 70K? It's because it costs that much to build them right! Not because they are anything more special than what they started with. If you want to make money for school buy cheap Toyota's and fix them up and sell them to new drivers, you'll make a fortune. If you love Camaro's and want to restore and appreciate them then your doing the right thing. I know TV has made all this look so glorious and easy but trust me there's alot you don't see. You'll be knee deep in problems and the money will run out quick so be careful.

68 Ragtop, I agree completely with you. I'm not talking about the price to weld the metal in, I'm talking about the price to do the job. They are two very different things.

68 Ragtop, I agree completely with you. I'm not talking about the price to weld the metal in, I'm talking about the price to do the job. They are two very different things.
I knew you were, I was just trying to be tounge in cheek about it.
My guesstimate may be a bit off, but was made to show the potential pitfalls and obvious things ommitted in the original estimate.