Valuation Question

[ksechler]

If one had the opportunity to obtain a rust free 1970 240z in non-running condition but with all the parts to make it run, how much would you expect to pay?  Does $7K seem unreasonable?

 

[cbuczesk]

You can probably buy it for even less since he's open to offers. I bet there's rust in the lower fenders, rockers and/or doglegs. That's most likely why it's painted black down there. It's missing the original engine, trans and diff. It comes with some good parts but I wouldn't pay $7000. You need to see just how rust free it is first. Not having the original engine hurts its value and potential value. I'm not sure what it's worth. I'd strongly consider it for $3500-4000. It really depends on the rust. It's not like he went out of the way to show pics of the floors, inner fenders, battery tray, etc.

 

Chuck

[Zed Head]

For less than $5400 you could probably get this shipped to your place - http://salem.craigslist.org/pts/5280971074.html

 

Here's one that was mentioned recently - http://seattle.craigslist.org/kit/pts/5360307108.html

 

$7000 seems like a lot of money for a basket-case.

[ksechler]

You can probably buy it for even less since he's open to offers. I bet there's rust in the lower fenders, rockers and/or doglegs. That's most likely why it's painted black down there. It's missing the original engine, trans and diff. It comes with some good parts but I wouldn't pay $7000. You need to see just how rust free it is first. Not having the original engine hurts its value and potential value. I'm not sure what it's worth. I'd strongly consider it for $3500-4000. It really depends on the rust. It's not like he went out of the way to show pics of the floors, inner fenders, battery tray, etc.

 

Chuck

Chuck:

 

I think you're right.  The black on the lower fenders makes me really suspicious.  I also don't like the black engine compartment and the fact that the car looks like it was very recently sprayed.  Every time I look I see more wrong.   I suspect there are a lot of hidden issues.  I've since decided that I'm going to pass.  My original thought was that if it was really rust free and really an early(ish) production car I could get it running with some of my leftover parts and flip it for a few $.  

 

I think in hindsight that it won't be worth the trouble, and since my existing project car is coming along nicely (finally) I'm not going to borrow trouble.  

[ksechler]

For less than $5400 you could probably get this shipped to your place - http://salem.craigslist.org/pts/5280971074.html

 

Here's one that was mentioned recently - http://seattle.craigslist.org/kit/pts/5360307108.html

 

$7000 seems like a lot of money for a basket-case.

Yikes!  That car looks pretty rough to me.

[cbuczesk]

The car is probably 2 hours for me so I'm not going to look at it. If it's close enough for you I think it's worth a look because you never know! I was interested in it for myself until I saw that the engine was gone. Then I thought about flipping it but with the black paint and other work needing to be done to get it running again I decided that the price was way too high for me.

 

Chuck

[Mark Maras]

 Truly rust free? Not likely, But if it is, or very close, the way prices are escalating for primo early Zs, $7000.00 will be a bargain in just a couple of years. Probably would take that long for me to reassemble it.