View Full Version : 1969 Z28 trying to gauge value
Billy d. Apr 4th, 08, 09:21 AM I have a friend who has a 69 Z28 for sale for $30,000.
The car was originally Dover white and is now lemans blue and will need to be repainted(scratches,dull paint).
the interior is black deluxe and is all original,complete and looks nice.
The car is also a factory cowl hood car.
The car is rust free from being stored inside all its life.3 owner car
Car only has about 54,000 documented miles.
Car did have it's original tranny and rear,but the owner sold them off.I might be able to get the tranny back,and I know who has the BU rear.
The problem with the car is the current owner turned it into a bracket racer.No nothing has been cut up or off the car,he just rolled the quarter panel wheel well lips.
It now has a high dollar Big block,automatic 3 speed,and a Strange Eng. 12 bolt rear end.
He says that if I sold the racing drivetrain(after I buy the car) that I could get about $9,000 to $10,000 for it.
What do you guys value the car at in it's current condition with racing drivetrain?Would the body alone be worth $20,000 without it's original drivetrain etc.?The car is very clean and rust free.I have been trying to talk him into selling it to me without the drivetrain to no avail.
Thanks in advance.
Chevy-SS Apr 4th, 08, 09:34 AM "Rust free" is a good thing. Being a "real Z28" is another good thing. 54,000 documented miles is still one more good thing. Is much (or any) of the original paperwork available?
Check out the latest Barret-Jackson auction results and you can see some Z28's that recently sold - http://www.barrett-jackson.com/application/search/carlist.aspx
Example: #659.2 - 69 Z28 numbers matching, sold for $58,000
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36j1967 Apr 4th, 08, 09:36 AM You would have to want it really bad for that money IMO. Used drivetrains are normally worth about half of what the owner thinks they are worth.
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&ih=013&sspagename=STRK%3AMEWA%3AIT&viewitem=&item=230235239337&rd=1
Billy d. Apr 6th, 08, 12:43 PM More opinions appreciated.thanks
gold67rs Apr 6th, 08, 01:15 PM First off you have to ask yourself what your plans or for the car. If you plan on restoring the car back to original then I think you are better off looking around for a more complete original project. Putting the car back to original, including body and paint will be costly.
IMO I think $30k for that car is way way way to much.
Rust free is good but still not great because the lips have been rolled and it needs paint and it might need more once you tear in to it.
Sure it might say X33 or X77 on the trim tag but without the original drivetrain it's a Z/28 in name only. Price up putting together a complete correct drivetrain. Not cheap.
Keep looking, you'll find something a lot better. Matter of fact there is a barn find Z/28 for sale on here that I would consider before I would buy an old bracket racer.
Just my opinion.
Rick H.
camaromaniac Apr 6th, 08, 01:32 PM Billy,
You are correct in evaluating the car as it sits. Best to ignore how much the current drivetain alone may be worth as any number is likely foolhardy. This is not a BJ car, nor will it likely ever be unless a whole lot of money and time is put into it. That said, what are your intentions with the car? If you plan to keep it the way it is, then you likely can come up with a value for your purposes. As noted, it likely will cost tooooooo much to restore it to stock and you will be better off finding another.
Charlie 69 RS/SS & 69 RS
Billy d. Apr 6th, 08, 01:42 PM The car has been stored in a garage since the 70's and was turned into a bracket racer in2004/2005 and has only been raced twice.This is not an old bracket racer.The car only has about 54,000 miles on it.
thanks for the replies so far.
gold67rs Apr 6th, 08, 02:11 PM What kind of reply are you looking for? You haven't stated what your plans are.
Maybe it would have been better if I said it's an old Camaro that was turned into a bracket racer. Still the same thing.
Seeing that the original drivetrain is gone, miles are irrelevant.
Bottom line is it's your decision and you do what you want. You're the one paying for it.
Rick H.
Bgonz 69 Apr 6th, 08, 09:00 PM It now has a high dollar Big block,automatic 3 speed,and a Strange Eng. 12 bolt rear end.
He says that if I sold the racing drivetrain(after I buy the car) that I could get about $9,000 to $10,000 for it.
What do you guys value the car at in it's current condition with racing drivetrain?Would the body alone be worth $20,000 without it's original drivetrain etc.?The car is very clean and rust free.I have been trying to talk him into selling it to me without the drivetrain to no avail.
Thanks in advance.
I'll go out on a limb and say you may be able to barter some of the HP stuff for some bodywork/paint or maybe another engine. If your car/parts savvy you can surely sell off quite a bit. As far as 10k worth ???? Thats hard to say. Its funny how everyone says 69 Z's are so valuable but shoot you down for 20k for a solid roller ????? If the body and interior are good thats half your battle :thumbsup: You dont need a real 302, throw together a 010 blocked 350 with 186 heads and snowflake intake and know one will know the difference :beers: And while your at it screw the muncie and buy a TKO 600. Again who's gonna know ???? I'm sure you can build a super nice car using the parts money alone. And at the end of the day its a real X-coded Z/28 With a real trim tag.
JMO of course.......
bob
68IslTeal Apr 7th, 08, 09:24 AM Hard to tell you value of something without actually eyeing it over imo. However I can tell you what I just saw a 69 z auction for at the autofair. This was a sharply restored 302, protecto plate, build sheet, camaro and it went for 25k. I also seen dozens of camaros lining the track in all shapes and condition and the avg. price bar a cpl extreme instances were 20k and change range.
That all being said, do not use barrett jackson auctions as a rule of measure, unless you run that circle of people with more money than sense! I like to refer to smaller auctions because these are usually more realistic in $$$.
/shrug I dunno if that helps or not
Chevy-SS Apr 7th, 08, 09:26 AM ...a 69 z auction ... sharply restored 302, protecto plate, build sheet, camaro and it went for 25k. ... dozens of camaros ...price bar a cpl extreme instances were 20k and change range.
Very interesting. Seems a lot cheaper than the BJ auctions. If you can find a "real" Z, restored, for 25K - then it makes little sense to buy one that needs restoring. Just MHO, of course.
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68IslTeal Apr 7th, 08, 09:36 AM Yeah seems down here the top 3 car population at auto fair this year was:
1. 1969 hugger orange w/white stripe camaros
2. 67-69 clone camaros red w/white or black striping
3. 55-57 chevys red
satz28 Apr 7th, 08, 10:36 AM Hard to tell you value of something without actually eyeing it over imo. However I can tell you what I just saw a 69 z auction for at the autofair. This was a sharply restored 302, protecto plate, build sheet, camaro and it went for 25k. I also seen dozens of camaros lining the track in all shapes and condition and the avg. price bar a cpl extreme instances were 20k and change range.
That all being said, do not use barrett jackson auctions as a rule of measure, unless you run that circle of people with more money than sense! I like to refer to smaller auctions because these are usually more realistic in $$$.
Was this a no reserve auction? Sounds too low for a real Z with some paperwork. Norwood or Van Nuys car?
68IslTeal Apr 7th, 08, 10:52 AM "Was this a no reserve auction? Sounds too low for a real Z with some paperwork. Norwood or Van Nuys car?"
I missed some of the details about the car, I was talking with someone about a 32 coupe that was next on the block. I was giving the info to help him judge the going value. I do not put alot of stock in paperwork unless its an original owner/trackable history, because you can get fake doc's and such.
clill Apr 7th, 08, 11:15 AM Where is the orig 302 for the car ?
okiemark Apr 7th, 08, 12:52 PM it sounds to me this car has been through the wringer. I don't think you can compare it to anything you'd see on Barrett Jackson as far as gaging it for value. Sorry, does it not have the original 302? No original tranny? Plus all the stuff you're gonna find once you get it. Nothing personal, just being honest, sounds like a money pit.
Bgonz 69 Apr 7th, 08, 03:19 PM it sounds to me this car has been through the wringer. I don't think you can compare it to anything you'd see on Barrett Jackson as far as gaging it for value. Sorry, does it not have the original 302? No original tranny? Plus all the stuff you're gonna find once you get it. Nothing personal, just being honest, sounds like a money pit.
Do you really think all the "Barrett Jackson" cars led charmed lives. More phony doc's and trim tags make it to Barrett Jackson Than Ebay. Unless its an original paint/Survivor car MOST cars all have a story to tell, and more often than not its not a good one. How many Musclecars were not raced throughout their lives ??????? I bet more were than werent :beers:
JMO of course........
bob
Billy d. Apr 7th, 08, 04:15 PM Thanks Bob I feel the same as you.
I planned on restoring this car back to stock as close as possible over time. I know where the original tranny and rear end ended up. This car has been nowhere near the wringer and is the most unmolested body I have seen.But like I said this car was stored in a garage since the 70's and was bought in 2004 and pulled out of said garage.Over the last four years car was slowly turned into a bracket racer and only raced twice. I have know the owner for over a year and he is a good honest/christian man who loves racing. Owner still has a copy of the original title.
The original interior is almost like new and has it's original AM/FM radio which works great.
I think the money saved on body work(replacing metal)etc would offset a lot of costs that you would see with most 69 camaros. Just MHO. But of course I wanted you guys' (yalls)opinions also and thanks for the replies so far.
BigBlock1969RS Apr 7th, 08, 07:11 PM Unless you can get the original engine, trans and rear end all back cheaply, I would look at the car more for what it is worth as it is currently than as an investment as a real Z/28 car. Getting that original drive-train back could cost you much more than you get from selling the racing drive train. Ever look at what what correct date coded parts go for on Ebay?
If you have some good leads on the drive-train then it does sound like a great deal. I would just be careful about thinking that since it is a Z/28 it is worth a whole lot, since they really need to be mostly stock to be worth those high prices.
Billy d. Apr 7th, 08, 09:27 PM I never really intended to buy it as a investment to flip,but to keep. I mostly just wanted to know if it was worth what the guy was asking for it.
I like the idea of it being about 98% rust free,all original sheetmetal,very nice original interior,nice rubber seals,and complete minus the original drivetrain.
I will try to get more info on the current drivetrain.
thanks again for the replies so far.
**I would like to know what you guys think the car is worth without the drivetrain???**
68IslTeal Apr 8th, 08, 05:53 AM In my opinion the key thing to remember is that its still a project car more or less, correct?
It may have the original sheet metal, etc.. but that metal could be paper thin and one pass of the blaster would discount a major purchasing factor for you.
I look at it like this, and no offense to anyone, but unless your a collector, etc... why drop premium price for a code car? The more the avg. joe is willing to drop on the code cars the higher they go, which is a good thing. However most people really could live with just a nice old camaro and not a code car. Is it a status symbol, I dunno. Other than camaro enthusiests the avg joe will just say nice camaro, and be confused if you say oh its a x-11 car, etc...
Sorry about the lil rant there, I just get amazed at what people will pay for things if they have a percieved value or status associated with objects.
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