1970 Corvette LT-1 Convertible

[Marina66SS]

So I guess the deal has fallen through with his brother which I knew it would. So I am getting the car as long as all the numbers show it is a real LT-1. What would this car be worth needing restoration and what would it be worth after the restoration?

[TimG]

There's way too many questions about the car to answer this question accurately. Someone would really need to evaluate the car and provide an estimate on what a restoration would cost. I would imagine that a correct restoration would begin at $50,000 as the car needs the engine rebuilt and heavy body work and paint. Paperwork would be a big plus on this car as it is rare and rare cars really can use some supporting paperwork. My feelings are that you could be upside-down real easy in this car as the very top of the market may be $70,000 for a car with judging credentials. I know of a very nice, Benchmark caliber '70 LT1 roadster for sale at $75,000 and it is well documented. A nice original such as this is worth more than a restored car equipped similarly. Unless you are in a position to do much of the work yourself, I'd tread very carefully.

[firstgenaddict]

Tim... why do the early 70's Vette's just not bring the money that the F bodies do, it makes no sense to me?

[Dave Rifkin]

Hemmings is listing the 1970 LT-1 Corvette as the next $100,000 Corvette.

[Johnny Horsepower]

I have been looking for one for a year or so now. Passed on a few and can't get the one i wanted at the right deal.
These cars are going up I think when people catch on to the fact that you make close to big block horses with small block weight in a car designed to handle well (for it''s day)
Thats why documented 70 Z28s (LT-1) will continue to rise.
Second gen camaro was superior in engineering to the 1st gen and you only had one strike shortened year to get the high compression power in a decent handling road car.

Just my $.02

John

PS if you are like me and love to actually drive (the piss) out of your cars, then don't think about the money too much and just make sure your not so upside down that you can't breathe!

[PeteLeathersac]

[ QUOTE ]
Hemmings is listing the 1970 LT-1 Corvette as the next $100,000 Corvette.

[/ QUOTE ]

Wouldn't you think the undervalued Vette L89's as really a better deal? .
I like LT1's and all...but that aluuuuuuminum!!!!!.

~ Pete

[69LM1]

What's with the LT1 370hp vs 360hp (vette vs Z28) rating? I hear that it was just a marketing ploy, but which was correct? The 370 hp or the 360hp?

Rich

[olredalert]

Rich,,,The exhaust was the difference according to the General.....Bill S

[firstgenaddict]

[ QUOTE ]
[ QUOTE ]
Hemmings is listing the 1970 LT-1 Corvette as the next $100,000 Corvette.

[/ QUOTE ]

Wouldn't you think the undervalued Vette L89's as really a better deal? .
I like LT1's and all...but that aluuuuuuminum!!!!!.

~ Pete


[/ QUOTE ]

Pete I think you are right on the money... 68 -69 L89... under 100k... ding ding ding we have a winner!

[Marina66SS]

I restore cars for a living now so doing the restoration is not a big deal. Just curious if the car would be worth restoring now or selling as a project. You can sometimes make more money selling it now and not putting the work into it than selling it later.