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Old 02-18-2019, 08:50 AM   #1
craigc1le
 
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vin#22 z28 for sale

https://hudsonvalley.craigslist.org/...822004312.html
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Old 02-18-2019, 08:53 AM   #2
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wow, that's bad luck..in a wreck on a showroom floor?


That was the end of that employee! GLWS
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Old 02-18-2019, 10:14 AM   #3
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Originally Posted by The_Raging_Bull View Post
wow, that's bad luck..in a wreck on a showroom floor?


That was the end of that employee! GLWS
Probably a pic of it on here somewhere, happened at Felix Chevy on Figueroa.
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Old 02-18-2019, 10:23 AM   #4
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Originally Posted by LateBrakeU2 View Post
Probably a pic of it on here somewhere, happened at Felix Chevy on Figueroa.
Picture is in the craigslist ad

Again, where does a $35k asking price for an r-title, that is/was tracked, come into someone's legitimate train of thought?
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Old 02-18-2019, 12:04 PM   #5
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Originally Posted by j o n View Post
Picture is in the craigslist ad

Again, where does a $35k asking price for an r-title, that is/was tracked, come into someone's legitimate train of thought?
Good question... given the incident seems well documented, it still has low mileage, BUT it does have some tarted up mods that could be reversed (blacked out stupidity, etc) = $30k? Not a bad car if you want a real track only machine.
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Old 02-18-2019, 04:16 PM   #6
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" I won't list all the specs of the car because if your looking for a z28 you already know what it is." what a wonderful quote by the seller"
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Old 02-18-2019, 05:03 PM   #7
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Originally Posted by j o n View Post
Picture is in the craigslist ad

Again, where does a $35k asking price for an r-title, that is/was tracked, come into someone's legitimate train of thought?
You come off as a buyer, yet you apparently own a Z/28?


This car is legit. The story is documented and the car is worth every bit of 35K. Will he get that? Not likely. But it is worth it. What price would you suggest he start at?
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Old 02-18-2019, 05:54 PM   #8
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Originally Posted by Z/28Dan View Post
You come off as a buyer, yet you apparently own a Z/28?

This car is legit. The story is documented and the car is worth every bit of 35K. Will he get that? Not likely. But it is worth it. What price would you suggest he start at?
Always in the market and monitoring activity of vehicles of my interest.

Legit in what sense? It was in a news paper because a car t-boned it in a showroom? What was the repair processes to fix the qtr panel, b pillar, rocker, how's the door seal with respect to air and water? What was the replacement materials used? What's the inside of the panels look like with the repair? Already rusting away with decay? Does not matter if there's paper work backing it or not. Too easy to deceive with documents in today day and age.

R-title vehicles hold no 'book' value. Good faith on buyer and sellers part. Pricing anywhere near a clean titled example of a car is naive on both the sellers and buyers part.

Safety is another issue if improperly repaired. Who wants to prove that point wrong/right? Google some r-title and salvage cars hack repairs fail in crashes. Unless you yourself did the work or contract the work yourself... Unforgiving results may impact your life.

Insurance companies will not insure that car near $35k as an r-title. So you're n a financial gamble just driving down the road.

The true cost for a vehicle is not what the initial purchase price is, but what you lose/gain while owning and parting ways with the vehicle.

So, no. That car is 'worth' nothing near $35k. Spend a few thousand more and have a true solid vehicle with liquidity backing it.
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Last edited by j o n; 02-18-2019 at 06:04 PM.
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Old 02-18-2019, 07:20 PM   #9
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That is what I don't get. Has the guy not done any market comparison. I mean there is a red one on San Deigo CL for 39900 and a black one at Texas HoT Rides for 40k. Anyone who is willing to spend 35k on a "toy" is obviously going to opt to spend the extra 5k and get a clean title. Most advice would suggest title value as 50 to 70% market value so assume 40k thT would put you in the mid 20s which in my mind feels more right than 35k. This being said I will say this is a limited production car so I see some ability to waive some common principles.
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Old 02-18-2019, 10:11 PM   #10
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So a little insight. I’ve rebuilt three z/28s now, using one stripped one and one damaged one to make one car out of two. Almost any z/28 for sale on copart,iaai wrecked or flooded-with a drivetrain in it, that I managed to catch the results of have sold in the 19k to 25k range. Add cost to repair correctly and 35k seems reasonable. The real question is why people are selling clean title cars so cheap. I assume some of it is dealers having less into the cars on trade and can afford to discount them-making the market. At some point these will be owned by the enthusiasts who know what these cars are and prices will reflect it
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Old 02-18-2019, 10:12 PM   #11
craigc1le
 
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thanks for all the feedback. felt like i should give additional info and clear up some misconceptions. this car was purchased buy a good friend of mine who owns a body shop. he bought it and repaired it as his own personal track car.purely cosmetic damage. when i sold my gen5 1le he offered me the z28 since he intended to buy a z06.this car has been to lime rock,nj motorsports park and watkins glen and has seen speeds over 150mph without issue.car is mechanically perfect and i welcome a full thorough inspection.
my train of thought on pricing is simple and yes i know the market well. z28's with under 10k miles are averaging $45k with clean title hence my $35k asking price.
this is not a show car and if you want to wax it and go to your local car show than maybe a $45k car is a better option. if you want a great deal on a low mileage track/driver car then this is it. it can be registered in any state without too much hassle and is currently insured for 45k with collector insurance for $750 a year.
as far as pedigree i think this car has an interesting history. the dealer was accused of price gouging on this car and when they couldn't sell it it wound up getting hit on showroom floor lol. and yes my "tarted" black out vinyl lens covers are easily removed. I'm in no rush to sell and track season is approaching quick so it will definitely be seeing more track duty if it doesn't sell. i appreciate the feedback and will be happy to answer any questions
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Old 02-19-2019, 05:47 AM   #12
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Originally Posted by craigc1le View Post
thanks for all the feedback. felt like i should give additional info and clear up some misconceptions. this car was purchased buy a good friend of mine who owns a body shop. he bought it and repaired it as his own personal track car.purely cosmetic damage. when i sold my gen5 1le he offered me the z28 since he intended to buy a z06.this car has been to lime rock,nj motorsports park and watkins glen and has seen speeds over 150mph without issue.car is mechanically perfect and i welcome a full thorough inspection.
my train of thought on pricing is simple and yes i know the market well. z28's with under 10k miles are averaging $45k with clean title hence my $35k asking price.
this is not a show car and if you want to wax it and go to your local car show than maybe a $45k car is a better option. if you want a great deal on a low mileage track/driver car then this is it. it can be registered in any state without too much hassle and is currently insured for 45k with collector insurance for $750 a year.
as far as pedigree i think this car has an interesting history. the dealer was accused of price gouging on this car and when they couldn't sell it it wound up getting hit on showroom floor lol. and yes my "tarted" black out vinyl lens covers are easily removed. I'm in no rush to sell and track season is approaching quick so it will definitely be seeing more track duty if it doesn't sell. i appreciate the feedback and will be happy to answer any questions

Good reply. I'm just glad it got nicely repaired and has been used as intended! Charge what you want for it and enjoy it in the meantime!!
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Old 02-19-2019, 10:52 AM   #13
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Rational reply. Just my random thoughts:

I'm currently in the market to buy a car for my daughter right now and a 5th gen V6 is an option. There seem to be A LOT of rebuilt title cars on the market. My concerns as a possible buyer are; what exactly happened to the car, how it was fixed, the parts that were used to repair the damage, then anything that might be unseen or something like frame damage. A rebuilt title seems like a big gamble for a buyer and the discount would have to be SIGNIFICANT for me to take the risk. Not to mention, when you go to sell the car at some point, some people won't even consider a rebuilt title and it will be tougher to sell at any price. I don't think it's as simple as someone bought a wrecked car and put a bunch of time/money into and it's now worth almost what a clean title car is worth. The risk is on the buyer and the risk has to be worth the discount. I think your buddy's particular car being what many of us see as a collectible makes the risk and future resale even more difficult than, say, the V6 5th gen I'm looking for.

That said, I've never bought a wrecked car and repaired one myself. Are my concerns above valid? Should I not be as worried about rebuilt titles? Is there a way for the buyer to be reassured by the damage and work done? Even if the repairs were made with quality parts and workmanship, should the buyer demand something like paperwork from if/when the car's frame was checked?
If you are buying a car for your daughter DO NOT BUY A CAR WITH A REBUILT TITLE!!!!!!!!!!!!!!!

There are things called crush zones in cars. As the name implies they are designed to crush in an accident. This is designed to control what crushes and helps protect the people in the car. Once they are crushed they no longer provide this protection. So in another accident the passenger area of the car is at a higher risk of crushing. Can these areas be repaired? Yes. However not all shops the repair wrecked cars repair them.

The insurance company has declared that the car is beyond economical repair. So you have to wonder how the repair shop could buy the vehicle, repair it and make any money. Sadly many times they cut corners.

If it's only me in the car I might take a chance but never with my children.

Also don't trust CARFAX. There are ways around their reporting system.

Just my $.02

Good luck
Craig
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Old 02-19-2019, 11:31 AM   #14
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The story is documented and the car is worth every bit of 35K. Will he get that? Not likely. But it is worth it.
No, it really isn't.
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