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#1
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Reggie's rebodied ZL1 was over $300k with buyer premium.
As for your opinion - I tend to not agree. If the car was originally built and sold as a Yenko then it will always be one. Despite the fact that it is missing drivetrain, it is still a genuine car. The best thing to do with a car like this is to restore it as close to OE spec as possible. As for why the bank got the car - I was told that the car was used as collateral on a commercial line of credit that was defaulted. This was followed by a very difficult process to get the car that took over a year. |
#2
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<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: talwell</div><div class="ubbcode-body">Reggie's rebodied ZL1 was over $300k with buyer premium.
As for your opinion - I tend to not agree. If the car was originally built and sold as a Yenko then it will always be one. Despite the fact that it is missing drivetrain, it is still a genuine car. The best thing to do with a car like this is to restore it as close to OE spec as possible. </div></div> +1. The majority of supercars (and ANY old cars really) have had some sort of drivetrain replacement within 40+years... all original drivetrain stuff on every supercar would be great, but just not very realistic to expect.
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Joe Barr |
#3
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as the reserve met when it was at $40k?
I
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Jim R Scottsdale, AZ ![]() |
#4
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Joe, no one has checked the hidden vins yet to verify this...probably is correct from what we saw at the inspection, however not 100% certain yet until you pull the cover off.
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Eddie M Camaro-less 87 El Camino SS Few Ferrari's |
#5
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Based on what has been discussed in this thread, this car is a bit of a crap shoot - isn't it? No original drive train components, no long ownership history (at least discussed here), No verification of body vin, no certification from an expert. Just some old photos with stripes that many people added back in the day, and some paperwork - It's probably legit, but fake paperwork is even fooling the experts these days. The bank that is representing this car needs to put more details in the listing - don't you agree?
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#6
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Mosport I understand your line of thinking but I vehemently oppose it:
"I think the cars with non-original drivetrains (motor, trans, rears) should be called mechanical rebodies." This is not a realistic or a responsible stance to take given how abused musclecars were back in the day and - especially when we are talking about GM vehicles - how light-weight some of the supporting elements of the drivelines were (transmissions, rearends). Re-body is a dirty, dirty word in this day and age and to attach it to this Deuce or any other car that needs a complete driveline replacement is wrong, wrong, wrong. They are just number stampings that do affect the value of the car but not its place in a bigger scheme of things. Let's be responsible here. Others are watching this thread and I would hate for someone to pass over a real Yenko Nova because they feel like it wouldn't be an "accepted" car once restored. It is our job to preserve and support this car and others as pieces of the cultural property of the Yenko legend. Not put it up on a dart board and throw the nastiest word we can think of - re-body - at it. Too far. Sorry if I sound like I am high-horsing but that's my 2 cents. This is a great car for someone.
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I ain't nobody, dork. |
#7
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<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The bank that is representing this car needs to put more details in the listing - don't you agree? </div></div>
Bergy, I don't agree with you. The bank is just selling a car that it used as collateral from a bad loan. It is up to the buyer to do their due dilligence on a 40 year old, $40,000+ dollar project car with issues. Someone who is going to drop that kind of cake is gonna do their homework or whatever negative they get is their problem.
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Frank Magallon |
#8
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I see your point Frank - I was just thinking that, if I was the banker, I would try to get every penny that I could to apply toward the outstanding balance on the loan. On the other hand, the outstanding balance may be covered when the bidding hits the reserve (which is all that the bank would care about). Whatever happens, somebody's gonna get a really cool car. If my gatage wasn't already full............
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#9
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Bergy, I spent a decade in the car business. When a bank repop's a car they usually send it right to the auction in whatever condition it is in. No prep, no hype, just try to get whatever they can for it. Bankers are not in the car business or have any knowledge of marketing of these cars.
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Frank Magallon |
#10
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OK - you're probably right. No one ever accused most bankers of doing what makes business sense! By the way, I just looked at you Yenko Deuce - it's incredibly cool!!!! I was just thinking though - a whole decade in the car business - yikes!
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