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Old 12-23-2009   #21
93RubyZ
 
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Join Date: May 2006
Location: Texas
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Default Re: Found a basket case 91' ZR-1 today...

Quote:
Originally Posted by Ccmano View Post
What amazes me is that people let cars like these get to this point.
I think the same thing every time I see one like this. And there have been others out there not much different as well.
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Old 12-23-2009   #22
fred
 
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Default Re: Found a basket case 91' ZR-1 today...

This is pretty much the life cycle of any car. The repairs exceed the value of the car, the cars get cheap enough that people who can't really afford to maintain them get their hands on them, and the cars just wear out. In this case, I talked to the guy, it seems someone bought the car 3 years ago, probably for under $10k (I vaguely remember this car), and thought he could restore it. Somewhere along the line, reality set in, along with a collapse of their values, and he decided to bail. Probably going to see a lot more of these cars in the next year or so. Which is good, and normal too, I've seen it with every generation of vettes. Some will get restored by people who can't afford to pay the big $$$ up front, once they reach a point of affordability (probably about $5k), some by hobbyists that just enjoy restoring cars, and many will get parted.
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Old 12-23-2009   #23
4DSZR1
 
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Default Re: Found a basket case 91' ZR-1 today...

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Originally Posted by fred View Post
.... The repairs exceed the value of the car, the cars get cheap enough that people who can't really afford to maintain them get their hands on them, and the cars just wear out. ...
True words, That's how I got my first 58 in 1979. It was in as sad as shape if not worse than this ZR-1 but getting a basket case 58 running was much easier and cheaper, comparatively, than getting a basket ZR-1 running today.

ah, it was fun getting the old bashers running :-)
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