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Old 31-05-2009, 17:12   #1
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Sell Stock '63 Vette w/ 32k Miles?

I have an ethical question, maybe…
My wife and I live in Grenada and just boat a beautiful boat, not new but it has been across the pond and has been taken better care of than one could imagine.
My dilemma is that my wife wants me to sell my 1963 Corvette. It has 32K miles and was bought for me when I was a senior in High School. Obviously I can’t drive it now and it sits in a barn in Maine. Great engine, original chalk marks from the production floor on the frame. Spins tires in all four gears and has gone 130 mph and not topped out, ( i had the engine set up for racing fuel but still original). What should I do?
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Old 31-05-2009, 17:25   #2
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what good is it doing you now or for you future dreams, sell it
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Old 31-05-2009, 17:25   #3
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you didn't mention...

...whether it's a split-window coupe or just a convertible. If it's the former, you could cruise comfortably for a decade on the proceeds of the sale.

I'd sell it in a heartbeat, either way. Don't think of it as losing your Sting Ray, think of it as gaining time on the water.
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Old 31-05-2009, 17:27   #4
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Give it to someone who would really appreciate it. Like me. What a warm, wonderful thing to do. You'll feel better having done it. Trust me.
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Old 31-05-2009, 18:18   #5
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If it's a split window coupe, I'd definitely keep it. Convefrtibles are way less rare so may not be as good an investment. In any case, a low mileage stock '63 Vette has got to be as rare as Hen's teeth. Both are likely to be an appreciating asset.

Take into account if Obama has his way, we'll only be able buy rubber band powered roller skates which will make real cars way more valuable as the years pass. We also could be in for some heavy inflation with the combination of government spending and inflated money supply. Hard assets like gold and Vettes will weather the storm. It's not a good time to be sitting on cash.

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Old 31-05-2009, 18:43   #6
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Originally Posted by landonshaw View Post
.
My dilemma is that my wife wants me to sell my 1963 Corvette. It has 32K miles and was bought for me when I was a senior in High School. What should I do?
Sell your wife instead...easier to replace!
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Old 31-05-2009, 18:54   #7
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Thank you for your words of wisdom. I'm headed back north in a few weeks and will give it a last drive, but again maybe I'll have some fun and put it back up for another year. Then back to sailing after a month of visiting.
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Old 31-05-2009, 21:41   #8
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I'm also a classic car guy. If you wanted to sell that car, you missed your timing by about 12 months...

I was thinking of selling mine (a '57 Mercedes 190SL), but I've decided to keep it a while. Don't need the money, and the market is a bit depressed right now.

IF things recover (that's a big if...), we might actually be at the bottom of the market right now.
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Old 31-05-2009, 21:44   #9
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My advice,don't ever get rid of it. You will regret it. But if it's the only way to get in a nice boat ready to go, then it's like trading one dream for another. I still have all my toy's and I am trying my best to keep them. I own a nice cruising boat already and that's my priority. I don't need all these toy's, but i'd love to keep them,but times are getting tough.
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Old 31-05-2009, 21:52   #10
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If you do decide to sell it, check out Barrett Jackson auction in Scottsdale Arizona.
They get big bucks for awesome cars.

Barrett-Jackson - The World's Greatest Collector Car Events™

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Old 01-06-2009, 02:29   #11
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My second car was a '56 Corvette. The car got me engaged and my future father -in-law said that it wasn't the kind of a car that a married man drove, so I could either have his daughter or my car. Now I have neither.

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Old 01-06-2009, 02:38   #12
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Thank you for your words of wisdom. I'm headed back north in a few weeks and will give it a last drive, but again maybe I'll have some fun and put it back up for another year. Then back to sailing after a month of visiting.
The car was gifted to you in high school and now costs you some storage fees.

I think your wife has unreasonable expectations. The car is an asset worth a lot of money. In this economy you might not get top dollar for it anyway.

You also will likely never get this car or one remotely like it again.

Do you need the money?
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Old 01-06-2009, 05:03   #13
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Nice hearing all of the comments. We do not need the money and it is not costing anything to store, and we already have the boat. It is another toy like a 42 Farmall tractor and a lot of tools. I do think I will go back and run it a few times and look at the AZ thiing to see the market, but in no hurry to finalize and decision. Thanks
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Old 01-06-2009, 05:48   #14
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My second car was a '56 Corvette. The car got me engaged and my future father -in-law said that it wasn't the kind of a car that a married man drove, so I could either have his daughter or my car. Now I have neither.

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He said WHAT??? Screw him!
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Old 01-06-2009, 10:50   #15
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If you don't need the money and it costs nothing to store it, KEEP IT!!!

In the long run, it's an appreciating asset, something hard to find these days.

Steve B.
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