NEW! Award 55: 1969 Chevrolet Corvette 350/350 4-speed Coupe – SOLD!

Dec 2020 | Classifinds, NEW Award, Sports Car Saturday

December 17th Update: We just confirmed the private seller of this ’69 Corvette deleted their Craigslist ad, so we’re now able to call this one “Sold!”  While this one got away, if you have your heart set on something similar, email us the details of what you’re looking for or call Rudy directly at (908)295-7330.

Reading phrases like “I know what I have” or “I know what this car is worth” when scouring Craigslist ads make us cringe as sellers who use these terms tend to be too optimistic with their pricing based on their car’s actual condition.  A case in point is this Marlboro Maroon over red 1969 350/350 4-speed Chevrolet Corvette Coupe originally listed in December 2020 on Craigslist in Garwood, New Jersey with an asking price of $25,000 or best reasonable cash offer. Unfortunately, despite what the seller wants you to think, this Corvette is at best a #4 Fair condition car for several reasons we will justify below.  The Collector Car Market Review Online Tool reveals it’s #4 “Fair” condition estimate of $13,175.  Similarly, the Hagerty Insurance Online Valuation Tool backs that up as this guide’s #4 “Fair” (Daily Driver) estimate is currently $12,300.  Both of these estimates are before adjusting for factory side pipes, the upgraded small block power train, and desirable power steering.  Consequently, this nearly ten grand difference between condition and asking price has us awarding our latest “NEW! (short for “No Effin Way!) Award for the seller’s way-too-optimistic asking price. 

While this Corvette “Runs, Drives, and Stops”, the Jersey inspection tag and description confirm the car has not been on the street for ten years.  A fresh set of tires just installed resolves one immediate concern.  The seller says the only thing changed-out on the car is the LT-1 hood from a later model car.  Unfortunately, the pictures clearly show an aftermarket tach (a hint this car has likely been street raced at some point), an aftermarket JVC cassette stereo (Where’s the factory original), and period red braided hose covering.  Finally, there are more than “some chips, nicks, and scratches” in the paint. In particular, there are spider cracks and big paint chips missing from the claimed original paint.  All of these factors add up to a C3 with great bones and potential that have us rating it a #4 “Fair” condition.  It’s daily-driver quality with a number of visible flaws and as such should be priced accordingly.  Negotiate hard with cash in hand and good luck with the purchase!

Here’s the seller’s description:

“I’ve got a nice Original, Untouched, Unrestored 2 owner 1969 Corvette Coupe. This Vette has 78,000 miles with the Original Numbers Matching 350 Cubic Inch, 350 Horsepower Motor, Original M21 4 Speed Close Ratio Transmission, and the Original Posi Traction Rear. Original Factory Marlboro Maroon Paint, and Factory Original Red Interior. Original 1969 Factory Installed Side Pipes. Power Steering, and Power 4 Wheel Disc Brakes. Rally Wheels and New Tires. A Second Set of Clear T Tops Will Be Included. Clean (not Rebuilt or Salvage) NJ Title in Hand. The Only Thing That Was Changed is the LT 1 Hood. Otherwise, This Corvette is all Original…When’s the Last Time You Saw an Original Corvette Like This…! This Vette was Purchased New in 1968 (obviously) and Changed Hands Only Once in 40 Years! It Has Been in a Heated Building For 10 years, and Now’s the First Time its Up for Sale. There is Some Chips, Nicks and Scratches in the Paint, But the Interior is in Very Good Shape. What a Great Starting Point For How Far You Want to Take This Corvette! It Runs, Drives and Stops Fine. Asking $25,000 But All Realistic Cash Offers Will be Considered. Low Ball Offers Will be Ignored. I Know What This Car is Worth. Must Be Sold Today…Losing Storage Space. Call Me Now… 908 456 4051…Exit 137 off the Garden State Parkway in Garwood”

Show or go: what would you do with this Corvette?  Comment below and let us know!

1 Comment
  1. Anonymous

    you cant insure it for 25000.

    Reply

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