A buddy of mine just picked up a straight-bumper '70 Z that was originally Dark Green (code 48) with standard Black interior (711).It is pretty solid but has some rust bubbling through near the drip rails on the roof and in the usual places along the rocker panels but not too bad considering it's a CA car.It has been in a garage since the late '80's and shows 41k on the odometer.Somewhere along the way,someone retrofitted Pontiac T/A rear disc's on it.
Anyways,he goes to
www.nada.com and comes away with this inflated $35K figure for a "average" condition car so...he thinks his is worth that!
I said...NO
...your car need s a TOTAL resto and I figure it in the $12-$15K range plus another $20K for the restoration...I know because I've BEEN there!
I then ask him..."So then,what's my #'s-matching '70 Hugger Orange R/S Z worth that has been completely restored?" and he says $58K which is what NADA says an excellent example will bring.
Again...I said NO
because that figure just isn't realistic.That is '69 Z money and I just don't see prime '70 Z's bringing that kind of money....yet at least.
I don't know where NADA gets these figures but I think they are kinda high...what do you guys think?