1972 Convertible worth buying?

[The73vetteman]

I've been following this thread with great interest and then yesterday found the latest newsletter from proteamcorvette (www.proteamcorvette.com) in my mail. You should check out what they're asking for '72 cars;

Example: an LT1 4 spd vert, $49,999, a numbers matching 350 coupe for $26,995.

I love my car, but those seem silly prices. (Helps to justify my purchase to my wife though! Based on these prices vettes are a better investment than the Dow Jones!)

John

 

[JJS]

I've been following this thread with great interest and then yesterday found the latest newsletter from proteamcorvette (www.proteamcorvette.com) in my mail. You should check out what they're asking for '72 cars;

Example: an LT1 4 spd vert, $49,999, a numbers matching 350 coupe for $26,995.

I love my car, but those seem silly prices. (Helps to justify my purchase to my wife though! Based on these prices vettes are a better investment than the Dow Jones!)

John

This is what I was talking about when I said the average guy/girl can no longer afford the car of their dreams. These prices are a direct result of what they're getting for these cars at the auctions, and there's no end in sight. They're still climbing. Take a look at the prices (if there are any - they list them at "market price") of the 67's, or the big block '66's. You can't touch them anymore.

 

[Koop]

At least you figured this one out ahead of time and not after it's too late.

A stated value insurance policy is almost useless. You can insure your car for 1 milllllllllllllllllllllllion dollars if you want, but you'll only get paid the depreciated value of a 33 year old Chev (Maybe 2-3 grand) in the case of a loss. Hard lesson to learn for most folks.

You need an agreed value policy, big difference.

My car caught fire in '97, it was bad, real bad...Regular Insurance policy with Allstate and they put it back together.

 

[Vettehead Mikey]

My car caught fire in '97, it was bad, real bad...Regular Insurance policy with Allstate and they put it back together.

Ask them how much you would have gotten if it was a total loss, then try to replace your car with their paltry offer.

 

[lnirenberg]

At least you figured this one out ahead of time and not after it's too late.

A stated value insurance policy is almost useless. You can insure your car for 1 milllllllllllllllllllllllion dollars if you want, but you'll only get paid the depreciated value of a 33 year old Chev (Maybe 2-3 grand) in the case of a loss. Hard lesson to learn for most folks.

You need an agreed value policy, big difference.

Right you are, agreed value is what I got based on a bs appraisal I was able to procure but the policy depreciates the agreed value every renewal. The sunny side of the auction induced price frenzy is that within reason the market will catch up to the seemingly stupid money we have in our cars. I may be under water now but what the hay, with the ttops off on a sunny day cruise, nothing seems to matter, after all its only money!

 

[YellowLT1]

I've been following this thread with great interest and then yesterday found the latest newsletter from proteamcorvette (www.proteamcorvette.com) in my mail. You should check out what they're asking for '72 cars;

Example: an LT1 4 spd vert, $49,999, a numbers matching 350 coupe for $26,995.

I love my car, but those seem silly prices. (Helps to justify my purchase to my wife though! Based on these prices vettes are a better investment than the Dow Jones!)

John

Yeah but Proteam prices are not the best to use for comparison. There are lots of places to buy for less in my opinion.

 

[JJS]

I agree. They always seem to be a little on the high side, probably for negotiating (or to give the appearance they're willing to negotiate) purposes.

 

[BruceBed]

I lol when I saw Proteams "market price". I sent them a email. I thought that the "market price" was arrogant. I asked them if they would go in a restaurant or retail store and buy something with "market price". Of course not. The price is the price. Either you want to buy it or not. They do this to discourage people from picking their knowledge. Astute Corvette buyers know what the market is. I have been contemplating a C2 purchase. I wouldn't look or purchase anywhere that I couldn't know the exact price.

 

[JJS]

I lol when I saw Proteams "market price". I sent them a email. I thought that the "market price" was arrogant. I asked them if they would go in a restaurant or retail store and buy something with "market price". Of course not. The price is the price. Either you want to buy it or not. They do this to discourage people from picking their knowledge. Astute Corvette buyers know what the market is. I have been contemplating a C2 purchase. I wouldn't look or purchase anywhere that I couldn't know the exact price.

I'm sure if you gave them a call they'd give you a price on a specifice car. One that would make you pucker, I'm sure!