How to bring up my Camaro's value?

[Dyno247365]

Now before you go saying this is another of my impossible to answer threads, it isn't, just a bit harder to answer, that's all

Here's the specs
1987 Iroc-Z28 Auto 305 FI, (edited: It's blue, does that count?) it was in an accident, not really repaired and I rescued it from the junkyard for $1650

My goal is to sell it for 4 grand, this isn't a sure thing but I need some motivation to work on the car, so here it is, otherwise it rots anyway, and I won't let it.

towards the goal of 4 grand, I noticed someone who puts 26k into a car can only get 14k back. Do I need all of the receipts from my purchases to modify the car? The price of fixing the car DROPS a lot if you never pay for labor right? so by buying the parts myself, doing the work myself I don't have to put 10k into a camaro to sell it for 4k, Do I?

The fixins- the batter tray rotted out, I bought all new battery, spark plugs, distributor etc to get the engine going, I'm grinding the old rotted tray out and installing a new one. Then I'm taking the fender that got hit off(it's almost off, my current project) buying a new fender and painting it to match the car, not repainting the whole car. Possibly replacing one ground effect because it's chipped, I might bondo it but I could get one for cheap. The car has Eibach springs and brand new suspension(not sport suspension) I replaced a lot of stuff, air, oil, thermostat, new stuff, no mods
--
So the car will look new from the outside, together it should all amount to 1 grand

Keeping the 16" IROCS wheels, investing $13-1,500 in all around disc brakes, and maybe 500 on a very nice exhaust setup from dr.gas that I repeat DOES NOT bottom out, or it shouldn't, looks stock, but has a high perf cat and Spintech muffler.

So for buying the car, all the new(or good used) parts, and doing the work myself or with friends, no garage, the cost comes to just about what I want to sell it for. Will I get away with $4,000? or Do I need to do a lot more work? If so what kind of mods or fixes will bring up the value? I'm restoring the interior a bit, won't look new bit I'm replacing the carpet and roof insulation.

There's a lot to think about so take your time, who knows how to correctly sell a chevy?

[Savage Messiah]

FYI you can now pick up LT1 4th gens for 4k... just something to dwell on as to what the maximum value for a 305 is...

Doing your own labor will be cheaper BUT may lower the value, whereas having a shop do it and having a reciept would raise the value compared to if you did it yourself. Have to think whether or not what you pay in labor will come back to you sellign the car... cahnces are it won't. Thinks liek that you gotta think about. Mismatching paint will lower the value. Clean up the interior real well as well as cleaning the outside real well and engine bay too.


Other peopel can post more on this.

[Savage Messiah]

The exhaust wont change the value much and sadly to most people the brakes wont either and it'll be liek doing any work yourself... they will say to themselves "well how can I know that these brakes wont fall off in a week, hes not a certified mechanic" blah blah blah

[Dyno247365]

Originally Posted by Savage Messiah

FYI you can now pick up LT1 4th gens for 4k... just something to dwell on as to what the maximum value for a 305 is...

Doing your own labor will be cheaper BUT may lower the value, whereas having a shop do it and having a reciept would raise the value compared to if you did it yourself. Have to think whether or not what you pay in labor will come back to you sellign the car... cahnces are it won't. Thinks liek that you gotta think about. Mismatching paint will lower the value. Clean up the interior real well as well as cleaning the outside real well and engine bay too.


Other peopel can post more on this.

See? This is the stuff I gotta learn. And just because i do the work myself doesn't mean I'm cheaping it. I'm not, i'm working my ass off, why do I need a reciept to show it

Please, more info is appreciated.

[Dyno247365]

Originally Posted by Savage Messiah

The exhaust wont change the value much and sadly to most people the brakes wont either and it'll be liek doing any work yourself... they will say to themselves "well how can I know that these brakes wont fall off in a week, hes not a certified mechanic" blah blah blah

How do I know they won't fall off in a week *covers mouth*

[CamaroRS92]

I did a similar project to this back in 87 and i turned a $3000 profit after all was said and done. (of course that was when third gens were still in production and the car was only a year old)

You say you rescued it from a salvage yard - Does it have a salvage title also?? That will be a major strike against what price you can ultimately sell it for and also if it does have a salvage title you WILL have to show your receipts when it goes thru inspection to prove the parts were not stolen.

As for myself buying a camaro - I look for what has ever been done to it , what modifications have been made that deviate from original factory design and consider what it will cost me to put it back to factory Specs. Especially emissions tampering - and aftermarket cat. convertor & ect. (that is an automatic -$500 deduction in my mind for the cat alone.)
Im not saying you cant do the repairs yourself - just dont shortcut the steps and have parts left over - Quality Workmanship goes a long way.
As for the brakes - i would stay with what ever came on it originally. and put that extra $$ you would spend in your pocket. If they need fixing - fix what needs fixing but stay with the original design.

[camaromaniac]

well, first of all, you overpaid. if it was wrecked with a 305, i wouldnt have paid more than $1000. right now, a 87 iroc in excellent condition with about 100k, is worth $2000.

[stepho]

the easiest way to raise the value of your car is to go around distroying all the "1987 Iroc-Z28 Auto 305 FI" except for yours.

its worth a shot right?

[Dyno247365]

Originally Posted by CamaroRS92

I did a similar project to this back in 87 and i turned a $3000 profit after all was said and done. (of course that was when third gens were still in production and the car was only a year old)

You say you rescued it from a salvage yard - Does it have a salvage title also?? That will be a major strike against what price you can ultimately sell it for and also if it does have a salvage title you WILL have to show your receipts when it goes thru inspection to prove the parts were not stolen.

ACK i knew this would come up, nah it wasn't junked, almost though if the guy couldn't sell it. He had it on ebay saying all kinds of things were wrong with it. I got a title and bill of sale, it's all good

[Dyno247365]

Originally Posted by stepho

the easiest way to raise the value of your car is to go around distroying all the "1987 Iroc-Z28 Auto 305 FI" except for yours.

its worth a shot right?

HAHAHAHAHAHAHAHAAHAHAHAHA

[Dyno247365]

Originally Posted by CamaroRS92

As for myself buying a camaro - I look for what has ever been done to it , what modifications have been made that deviate from original factory design and consider what it will cost me to put it back to factory Specs. Especially emissions tampering - and aftermarket cat. convertor & ect. (that is an automatic -$500 deduction in my mind for the cat alone.)
Im not saying you cant do the repairs yourself - just dont shortcut the steps and have parts left over - Quality Workmanship goes a long way.
As for the brakes - i would stay with what ever came on it originally. and put that extra $$ you would spend in your pocket. If they need fixing - fix what needs fixing but stay with the original design.

The brakes were done when I got it, I'm planning on installing rebuilt C4 calipers and new rotors, front and rear, but not immediately, though I have the money just in case. I'm sandblasting the rear end, i'm not cheaping it, just doing it for cheap

Camaromaniac, the engine runs and there's not much rust in the body, which I plan on removing, I'd say it was a good deal. Would that be a ripoff whether or not it was junked, or just if it was salvaged?

[Dyno247365]

Originally Posted by camaromaniac

well, first of all, you overpaid. if it was wrecked with a 305, i wouldnt have paid more than $1000. right now, a 87 iroc in excellent condition with about 100k, is worth $2000.

2thou? excellent? where do you shop?

[Savage Messiah]

Originally Posted by Quicksilver_28

2thou? excellent? where do you shop?

Maybe it's just NJ but 305s aint worth much at ALL.

[Earlsfat]

I'm confused. You said youwanted to sell for 4K, but then you said you almost have 4K in it. Did I mis-read something???

And by the way, I honestly think the selling price has alot to do on logistics and who you''re trying to sell to. If you're in an area where that model of camaro isn't too popular and you get a high school kid, who's parents are helping him out, and really likes the car....

[Dyno247365]

Originally Posted by Earlsfat

I'm confused. You said youwanted to sell for 4K, but then you said you almost have 4K in it. Did I mis-read something???

And by the way, I honestly think the selling price has alot to do on logistics and who you''re trying to sell to. If you're in an area where that model of camaro isn't too popular and you get a high school kid, who's parents are helping him out, and really likes the car....

I'm trying to sell it for how much I've spent total on it, an equal trade, plus i'm doing all the labor.

They're telling me I shouldn't give it nice brakes(c4 conversion) or a nice exhaust because the price of them won't factor in. I'm more confused then you Jim