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| Team Camaro Tech Current Topic: Second generation 70 Z28 question | ||
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| Second Generation 1970-1981 |
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#1
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OK, I know its a second generation question, but I trust you guys opinion! I have a 1970 Z28 I bought last summer for 17,000.00. The car was restored about 15 years ago, and the family that had it absolutely pampered it. It is the Daytona yellow black stripe car, the motor is correct numbered, it has correct wheels, original "great interior", it is a 4 speed car, 12 bolt 3-73 gear ratio, correct carb, original air cleaner, stock exhaust, floor mounted gas pedal, correct rocker covers, correct heads, super clean body, paint, chrome, interior. Now what is not correct, non stock radio, wrong distributor, could use a new dash pad, blackwall tires, just only a couple of these little things keep it from being super! This car has probally the smoothest shifting trans I have ever had! Engine runs great, etc. I see the median range on NADA for these without the rally sport option is 37000,00 could this be possibly correct? I mean this is worth more than my RS convert, or my big block 68 SS? I guess my question is what is a real world take on a car like this worth? Thanks for your help, I dont feel like signing up to the second generation link for the one question, Mike.
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#2
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IMO those NADA Guides are not worth the ink the are printed with.
Got some pics of your car?To be honest I haven't seen many of those cars sell for even $30k. The couple I did were RS equipped BBs. I am guessing that you would be hard pressed to find a buyer in the $30k range. There are plenty of second (or first gens) that would better buys IMO. Others may disagree
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Addicted to projects... I just wanna drive........
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#3
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ace841, I know what you are saying, but I did watch this one go on e-bay. This car is very close to what I have, only this has the preffered RS package.
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#4
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Heres a another car I watched, they all look very close to what I have, this one did not meet its reserve.
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#5
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Nikkisdad, I think you got yourself a bargain. I think this is the best Z28 of all, (I'm 1st gen owner). 360hp 350 ci, more torque than any 302, a better chassis and IMO an oustanding looking car. These cars are going to get very popular (expensive), especially the 70 1/2 model with the 12 bolt. Great color combo you have also, I think the hugger orange and daytona yellow cars will bring the top dollars.
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Roger 68 SS RS Convertible LS1 6 speed |
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#6
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Ebay is not another good place to rely on for value either, as folks have been overpaying for years. One car doesn't set "the market" You can use it as a datapoint. IMO the second example shows that folks weren't willing to go any higher and the reserve was set higher than what folks were willing to pay. Looking at what you have shown and what I looked up on various for sale stuff, I stand by my words the the NADA guide is full of crap.
I also don't put much weight on what an owner thinks his car is worth unless he stating the selling price after it sold. Also while the 2nd gen Z28 is a nice car to some there are folks who think they are hideous even with more power than the 69. Me, I like most years of Camaros and actually have been thinking I need a 80-81 Z since I used to have one and like it a lot. If you are really interested on what you're car is worth find a reputable appraiser and go that route. IMO folks are getting too caught up on value and need to get back to the roots of what being a Camaro owner is about. DRIVING them and wrenching on them.
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Addicted to projects... I just wanna drive........
Last edited by JWA; Feb 4th, 06 at 07:36 AM. |
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#7
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There's also a big difference in price between the 70 1/2 and the other 2nd generations. I know the owner of the first one that sold for 40K, and that car was worth every penny, Gary restores his cars to perfection, and that's why this one brought ALL of the money. I'd say the NADA guides may be a LITTLE high, but keep an eye on the market, these cars are going up really fast. If you don't already have one, you're just about outta time if you want to find one relatively inexpensive.
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#8
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Is the engine the original one that came in the car when it was built? I watched the prices on second gens for a couple of years. They have risen considerably. I bought a 70 RS/Z28 2 years ago. Engine, trans, rear end original to the car. Had wrong dist, carb, intake, air cleaner, radio, wheels, headers. One repaint. POP, 3 build sheets. 67 thousand miles. I paid 25 for it. Spent quite a bit of cash to get the correct parts. its value today is close to what I have in it.
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#9
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At $17,000 I think you got a great buy. Their aren't enough of these cars left to push up the value, but over the long haul I think it's a good investment. You simply have to find someone who wants one really bad to get a good price. I've owned or driven at one time all the variations of Zs. I owned a 70 1/2 Z28 RS in the early 80s and it was hands down the best all around perfromance car I've ever driven. MIne had a rock crusher, factory 4:11s, heavy duty suspension, dealer installed headers, and the rare emerald green hounds tooth interior. I regret selling it more than any car I've owned.
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1966 Chevelle Rag Top<br />1963 Split Window Vette<br />409 small block-9.37 @ 144 mph |
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#10
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Quote:
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#11
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I think you got a good deal on it at 17. It should be worth quite a bit more than that. Whats the story on the 34? Is it going to be for sale? I picked up a 1954 Hemi. I am looking a nice body for it.
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#12
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At the risk of being banned from this site, the 34 F*RD coupe is the funnest car I have ever owned, and that is saying alot! I bought it a year ago at the Autorama, turned out I went to high school with the builder. It has a LT1 corvette 350 700R trans, air conditioning, tilt, leather, solenoid doors and trunk, remote kick but stereo, one piece glass body, american wheels, Heidts suspension parts, 9 inch rear, 4 wheel disks, PPG yellow Lemon Ice paint, and lots more! Car had only 400 mile on it when I got it. I am not sure why he sold it, but I was able to get it for 28,000 and I really thought it would have been closer to 50,000 or even more. The car has won awards at almost every show last year, was picked to be on two show t-shirts, and I even had a guy photograph it and caught him selling posters, t-shirts, clocks, mouse pads, and such with the image of my car! Well that probally a story that will be on a new thread someday, what a jerk! But I guess the short answer is probally no, thanks Mike.
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#13
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The coupe sound killer. I built a glass 32 from the frame rails up a few years ago. Wasn't any where near as nice as yours sounds. Fun car though. Good luck on the sale of the 70. There was a guy at www.yenko.net looking for one a while back. Also the nastyz28 site has a classified section.
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#14
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Thank you Tony!!!
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#15
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Mike, I had the 70 1/2 RS/Z that sold on Ebay. I really appreciate KZ's comments, but truthfully, I bought the car pretty much the way I sold it. I've always been a first gen guy, and I am not a dealer of cars, but knowing the facts and and running the numbers didn't take much rocket science to figure out what was about to happen with the 70 model Z's. I watched them go from 8K to 12K to 20K in the three years prior, and had the opportunity to buy that one in Aug. 04. I considered it a much better risk than any other type of investment. I just decided to pull it out of storage when that other Daytona Yellow RS/Z hit 38,200.00 and the reserve was not met. According to the ad, it was very similar to mine except that it had no docs. I figured then was the time to list mine. One of the best parts of my car other than having the POP and the great condition of the car was that log book the second owner kept. I did't even realize just how great that was until I decided to sell it. That's when I really went through it. It is the most detail history you could ask for. From 28K mi. to 61K mi., he logged every gas and oil fill,tune up, etc., to the point that you could follow it right into the auto repair shop that ended up with the car because of the owners inability to pay for the repairs.
What it probably really came down to was the timing. The same few people that bid on my car were bidding on several of the prior cars that were similar. Even though they were all beat out by a new comer mid auction that wanted to ad an RS/Z to his already impressive collection. To be honest, I think I made a mistake by selling the car because I think they are going to continue to appreciate at a faster rate than any other muscle car to date and because it was a fabulous car to drive and enjoy. I still have it here and it's killing me to know that I can't even take it around the block one more time before the shipper comes after it. I think it almost threatend my loyalty to my 69's. (almost). I would advise you to keep the car, but if you do decide to sell your car, I would appreciate a shot at it. Gary |
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