Buying
Buying related
I just took delivery of my Corvette ZR-1 last night. What a fantastic feeling to think that it’s finally here after all these years of dreaming.
The event itself was a bit of a suprise. I contacted the shipping company at around lunch time and was told it would be next week as they didn’t have a transporter coming up this way till then. Then at about 4.30pm I got a call and the guy says “I’m delivering your Corvette, I’ll be there about 8.30!”
Ten out of ten for nice suprises, but -1000 for customer contact skills. Also to make things worse, the storage facility I am going to use till Spring closes at 7pm.
So at the appointed time I go out to meet the transporter at a nameless Husky gas station on Highway 17. It’s pitch black and -7C, I have knots in my stomach from excitement and worry and I feel like a stolen car dealer – now where did I leave my ski mask?
The first thing I see as we pull up is the distinctive wide rear of the ZR-1, I’ve thought about these cars and ‘studied’ them so much I barely have to glance at it to recognise the shape. It’s dirty, filthy in fact, covered in road grime and gunk, barely recognisable as the car I saw a few weeks ago. But it doesn’t matter, it’s mine and I’m about to drive the King of the Hill. The Beast. Continue reading →
Okay… had to happen I guess. We have a problem, not of the Houston variety.
When I bought the ZR-1 we did an exchange of the car title (ownership record) and money via mine and the sellers respective banks. This was all well and good, protects people from possible problems etc. All nice and clever and simple.
Except, as I mentioned in a previous post, it meant I ended up with the title and it needed to stay with the car for import purposes. Couldn’t be a copy, has to be the original.
So I went to my post office, said “I need to send this to the US fast and secure.” the Canada Post lady said I needed to use their xpresspost delivery and it would cost $14. Seems a lot of money I think but what the hell, I want it done quick. After sealing the title inside the envelope and filling in everything, paying my money etc. she then adds ‘It will take 6 working days, and tomorrow doesn’t count.”
Why Wednesday doesn’t count as a working day for Canada Post is a mystery. I’m not happy about this, 6 days isn’t what I would call ‘fast’ for delivery to a destination I can drive to in 8 hours. Unfortunately by now I’d paid my money, sealed everything up and didn’t feel I have any choice any more.
So here we are, over a week later and the letter still hasn’t got to the destination. I’m tracking it online and it apparently crossed over to the US on the 9th, it’s now the 15th. Now, slow is one thing, but 6 days to travel the hours drive from the border to the destination?
At this rate it would have been quicker to send it by pony express – using dead ponies!
Naturally I phoned Canada Post to see what was happening. The helpful man on the other end of the line informs me that all mail is now routed through New York due to “Homeland Security”. And what has just happened to New York?
Umpteen feet of snow… So the title is stuck in a snow drift, somewhere…
If I had hair, I’d probably be tearing it out right about now.
The deed is finally done!
After all this time I have finally bought a ZR-1.
The vehicle is currently in Michigan and has 33000 miles on it, the bodywork is almost flawless and so is the underneath. It has a custom exhaust and wheels, but comes with all the original parts (including the original 1991 tires!) and even has the original window sticker (original price $66000!)
The previous owners have really kept the car in amazingly good condition and a big thank you goes out to all of them.
Of course, the story is not quite that simple. It never is it seems
– in this instance the car is in the US and I’m in Canada, so now I have to go through the importing process.
My first thought was that I would drive it back Continue reading →
There’s a ZR-1 for sale on the registry site for $5000. Now, hold on just a second, before you go running off to get the number to call the seller, there’s something you should know. It’s been rolled.
There’s no engine or transmission. Most of the front and bodywork is gone and there could be some rear damage too, there also appears to be some damage to the top of the windshield too possibly.
Okay, so now it’s a junker, right? Why am I wasting your time with this?
Well, there are some real possibilities here.
First of all, the overall condition of the chassis and the passenger cell etc. looks in good condition. The parts that are damaged are mostly the parts that are standard to any C4 so plentiful and cheap.
So what you have here is one hell of a fantastic project potential.
First there’s the obvious scenario. Rebuild the car, find an LT-5 and transmission and drop it in. The problem with that idea is that LT-5s aren’t exactly hanging around on street corners waiting to be bought and when you can find them they’re expensive. Still allowing around $10k for the engine, $2k for the transmission and maybe another $6k for the rest of it still leaves you with a fairly good priced ZR-1.
Some other options spring to mind though. Let’s say you do find an LT-5, originality isn’t an issue here so how about mounting the ‘Heart of the Beast’ to an automatic gearbox? The mounting should be a fairly easy fabrication for anyone with a decent home workshop or could be farmed out to a good shop. I can hear the purists gasping in horror at the thought, but hell you’d have the only slush-box ZR-1 on the planet probably.
As I said an LT-5 is pretty hard to find and expensive. So how about dropping an LS-1 or LS-2 in there. Again this might be sacrilege to many, but in many ways the new C5 and C6 engines are the descendents of the mighty LT-5 (albeit a somewhat side branch of the family).
A standard LS-1 will give power levels approaching a pre-93 ZR-1 and with some fairly simple bolt-ons will surpass it, at least on a pure horsepower level, if not in terms of refinement and top end.
The newer engines are also very amenable to tuning; there is a bewildering array of power-adders and updates for these engines. What’s more they are plentiful and relatively cheap. And on top of that, like the LT-5, they’re a completely aluminium engine so the power to weight ratio is excellent.
The fabrication again shouldn’t be too hard. The LS series engines were tested in the C4 chassis while GM was doing early testing with ‘mules’ so should present few problems. The gearbox and instrumentation may need some work but hey we all like a challenge don’t we?
Lastly, how about this for an idea. Install a C5-R 427 or similar. This probably wouldn’t cost any more than trying to find a replacement LT-5 but the power levels would be fantastically insane. One thousand horsepower should be easily within reach with this kind of setup. Adding in super or turbo chargers would provide enough power to move a small planet
Maybe it’s just me, but the idea of rescuing a fallen warrior and breathing new life in to him, giving him the weapons he needs to rise again, that sounds very cool!
How many ‘vettes are there in your personal target group?
Thirty thousand? Fifty thousand?
GM have built around twenty to thirty thousand Corvettes most years of the car’s existence, so the target of ‘possibles’ should be quite high for any given year.
Or perhaps not.
Corvettes traditionally come with quite a lot of options, especially in the earlier years when some models had as many as four or five engine choices, gearbox options, rear-end ratios, suspensions etc.
This profligacy ended when the laws were changed to require all variants to be tested for safety, crash testing and fuel efficiency, which is why later models typically have less mechanical options. On top of these we have the various technology updates which on a ‘vette tend to be a yearly cycle as well as interior and exterior trim and things like performance brakes or suspension.
One Corvette owner I met told me that ‘all Corvettes are rare’ and indeed that’s true. Compared to a typical saloon or minivan twenty or thirty thousand vehicles isn’t many. He then went on in great detail how his car was rare because GM had changed supplier mid-year and his shade of blue was slightly different to the one that replaced it.
In engineering circles this sort of thing happens all the time and is called a manufacturing or engineering tolerance. It’s nothing special, it just means that nothing is truly perfect or consistent.
On that basis, every Corvette (and in fact every single manufactured item on the planet!) will be unique and infinitely valuable. If GM changes supplier for 10mm bolts during a year and you get one of the cars with the lesser suppliers bolts does that mean you have a rare or valuable ‘vette?
A feature in ‘Corvette Fever’ recently featured a car they celebrated as unique, purely because the owner ordered a bunch of options that weren’t really standard and the engineers at the factory threw the car together haphazardly, often not even bothering to make the various options work correctly. Poor workmanship does not a valuable Corvette make…
In fact, if producing poor quality vehicles was the key to success, GM, Ford et al. would be kicking Toyota and Nissan’s collective arses.. instead of suffering from their customers walking away them in droves.
A significant number of ‘vette owners vastly over-rate their cars value, at least judging by the asking prices seen, and many don’t even know what they own. I’ve seen numerous ‘T-roof’ C4s (there were none ever built), ZR-1s with automatic transmissions (again none were built) and a host of others that are rare by distiction of being only one of ten thousand built that year with a red exterior.
This for example, labelled as a ZR-1. The engine is clearly not an LT-5. It claims to be a 412ci engine, which might be true, but it isn’t a ZR-1. Dressing up an L-98 base-engined car like a tart’s handbag doesn’t make it a ZR-1
I hate negotiating a deal. To me something is either worth the asking price or it isn’t. If you’re trying to sell me something you are far better off quoting a fair price than adding on in the expectation that I’ll haggle you down.
The chances are I won’t even look your way if you overprice and if you mark something at a real rip-off price I won’t buy it even if you subsequently drop the price to something reasonable or even cheap – you’re already tagged as a rip-off merchant in my mind and my principles kick in.
What’s more, we all know the market value for things these days (or if you don’t, then you need to start using this thing called the internet for something more useful than reading my reading my immortal prose!). Everything is published online, somewhere, from used car values to what the neighbour really got for his house.
I often see rather ordinary ‘vettes at outrageous prices, so high that you have to wonder where the owners are coming from. Often the strategy seems to be wildly over-optimistic to put it mildly and I often wonder whether the sellers ever achieve these inflated demands or whether they eventually rein back on their hallucinogenic inspired prices.
Interestingly too, I seem to notice this more in ‘vette prices here in Canada than I do in ads ‘South of the Border’. Okay, so Corvettes are less common here (so are buyers!) than in the US, but not that rare, and heads up guys, it’s not exactly hard to find a likely vehicle, hop over the border and drive it back…
A recent example comes to mind – a ’90 ZR-1 advertised at $35k US. KBB price lists this as being worth around $20k, if the car is absolutely flawless!
Fifteen grand is a hell of a ‘maple leaf markup’!
I’ve been looking at a ZR-1 for a few weeks now, exchanging emails and phone calls with the owner. So far it looks like it might be a ‘go’. The photos of the car look okay – not stunning – but okay.
There is a little surface rust underneath (C.V. joints etc.) and it definitely shows signs of being ‘driven’. That’s okay though, I intend driving it too and as long as you’re aware of any possible problems it’s no big deal.
I have to say that the people on the ZR-1 forum have been invaluable in looking at the pictures with a more clinical and knowledgeable eye. It certainly has helped immensely getting their feedback.
The next stage is to go and look at the car to see if it’s as good ‘in the flesh’ as it is in the photos. The owner is in Wisconsin and I’m in Northern Ontario, so it’s around a 2000km round trip in deteriorating weather conditions – not ideal circumstances, but worth it to potentially get a ZR-1.
The vehicle I am looking at is a ’92, so one of only five hundred and two made. It has a black exterior and interior, which isn’t my favourite colour but that’s okay too – Dark Red Metallic (my favourite) are so rare that I don’t really have much chance of getting one, so a respray will be in order.
The owner has it advertised at $28k US and describes it as in ‘excellent’ condition, an assessment which the photos don’t really hold up. I’d judge it to be ‘fair’ to ‘good’ based on the guides on KBB. This gives it a value of between $22k and $24k – just inside my budget.
Although it’s looking good, the one thing I won’t do is get pulled in to a bad deal. I’d rather walk away and put the trip down to experience. That said the opportunity is there and looks good so far.
There’s a ZR-1 for sale on ZR1.NET. My favourite year/colour – ’95 Dark Red Metallic. It has a beige/saddle interior which I’m not keen on, but I’d still take it!
Sadly it’s $48k US, which translates to almost $60k CAN and far beynd my budget. Yes I’m searching for a ZR-1 but that doesn’t mean I’m made of money or won the lottery.
At the moment I can go up to about $25k US, which buys several ’90/91sand a couple of ’92s that I know of. There were a couple of ’94s that I would have jumped at, but I wasn’t able to move fast enough financially. A ’94 for $25k is a bargain.
By Spring my budget should be up around $30k US which brings more cars in to play – it’s always hard when you have a tight budget. There is always the thought lingering at the back of your mind that you have to get the absolute best deal for your money. The problem is that sometimes that makes you hesitate and end up losing out on what would have been a good deal.
It’s very hard being in this position. On the one hand, I could never have afforded to think about getting my dream car in England where I grew up, but here in Canada it is actually doable. On the other hand, when you see something you tend to jump for joy and start making all sorts of plans, then the doubt demons jump up and you start ‘what-if’-ing yourself out of things because of fear.
I’m fighting hard against it.
I’m looking to buy a Corvette ZR-1. These are pretty rare as ‘vettes go (and even a ‘regular’ Corvette is rather rare by typical domestic car production numbers) and to be honest it’s rather a scary proposition.
On the one hand, we can afford the payments no problem and I have the full support of Hil, my fiance. On the other, we’re talking about spending 30-40 thousand dollars (Canadian) on what is essentially a ‘toy’. And not only that but one that we can only really use 7 or 8 months of the year here in Northern Ontario.
That’s a lot of money. In fact a significant percentage of what we paid for our house!
Hil is all for it and 100% behind me. She knows just how long I have dreamed of this and how much I want it. In fact she probably pushes me more to get one than I do myself, because I always feel ‘guilty’ or something.
Still, it worries me and all of those ‘doubt demons’ start jumping around inside my head, bouncing the the “what if’s” around in the space between my hairy ears.
I talk to Hil about it over and over. She must think I am a complete pain in the arse sometimes. She always soothes my troubled thoughts though and reassures me that it’s okay to go ahead.
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