What is the value of a 1971 Corvette Stingray?
I am helping my wife's aunt sell her husband's 1971 Stingray. He passed away 16 years ago and the car has literally not been touched since, she just couldn't do anything with it. i think the doors have been opened twice since then. It's covered in dust, but looks like it would clean up pretty good. It is a 4sp manual, with the 330 hp lt1. Right before he died, a new carb and breaks were put on. I believe it is the original motor, but it did have a rebuild on it at one time, someone put sugar in it. But the car was running good when it was parked. It has 44,000 miles. From what i could see under the dust, the body looks good, a few little chips, but no rust, dents, scratches, etc. The interior looks good too, red leather. I am assuming from sitting it will need a complete rebuild to run correctly, but assuming that it cleans up as good as i think it would, and mice or something have totally gotten in there and ruined everything, what could this be worth? She is looking to sell it this summer as is. We live in northern indiana.
Alot of times mice will tear a wiring harness up and sitting with gas most likely new gas tank rebuild carb,no telling whats destroyed under the dash rats and mice as i found out can find there way into a car through some really small places,need to find out exactly how long been sitting does the engine turn over how rare is a 71 i bought a 76 for $3000 with 68000 original miles but i'm sure a 71 is worth more but in that condition maybe about that . Good luck look into everything make sure you get what it's worth.
It is difficult to assign a specific value to any car sight-unseen, but we know from personal experience that an average 1971 Corvette has a minimum value of $14,000 and goes north from there based upon a whole array of factors. The high-end for people who watch too much Barrett-Jackson auctions on SPEED-TV may be as high as $40,000 to $100,000. Based on the description you offer in your question it sounds as though the car is restorable to original form with much of the original car in place. I would suggest one of two ways to proceed with the sale; (a) Do a little research on eBay, Hemmings and other classic car websites and see what they are selling functional (driveable) 1971- Corvettes for and establish an average price, (b) Invest in getting the car in running condition, this will improve the value significantly, ask a median price for it. Pay attention to your prospective buyers reactions to your asking price, adjust as necessary to sell the vehicle. Let the necessity of the sale drive your actions, get as much money as you can for the car, the buyer wants as much car as he/she can get for his money. Its only fair.......
f the car is totally original, and is a true LT-1 the min9mum price should be in the $15,000 range. Have it cleaned up, and see if a mechanic can get it running. A better that show room car 71 LT-1 is being sold for $33,000 on line from a dealer. Soap and water and some spray on car shine n wash will bring out a lot of shine. Even pay to have it detailed. You may be surprised at the beauty. Total interior a grand, new wiring and carb/fuel pump, clean out the gas tank and new ignition, perhaps another grand. Spend two grand on it, and sell as is for $25,000. Yes you can spend more but have a good repair shop give a price estimate. There are Corvette clubs around, give them a call and a good Corvette expert will gladly come out with two things, advice, and a check book.
I bought a fairly good condition '71 stingray from a widow for $5,000.00, invested approx. $3,000.00 into it, & sold it for $24,000.00, so in my oppinion, they are worth what the buyer is willing to pay.
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