How to Buy a Corvette ZR1 for Peanuts (If You Like to Gamble)
How to Buy a Corvette ZR1 for Peanuts (If You Like to Gamble)
YouTuber shows us a pair of Corvette ZR1s purchased for a steal at auction, but with some caveats.
Corvette ZR1s are usually not a dime a dozen on the new and used markets, whether it’s nearly $35,000 for a C4-era ZR-1, or at least $118,900 for the 2019 C7 version. But what if you could own one of these magnificent machines for thousands less than they usually go for?
Well, you can, but be careful what you wish for. YouTuber Samcrac (he of the infamous restored Dominos DXP delivery cars) recently looked over a couple of ZR1s, starting with a fairly clean 2010 C6 with some water damage selling for around $38,000. At first, its location in Knoxville, Tennessee suggested this ZR1 was not a part of the big mess Hurricanes Harvey and Irma delivered back in 2017, and that all was well with the world.
Not so fast. Samcrac learns through his AutoAuctions.io account that this car arrived from a third party, which turned out be based in Houston. Yes, this car was a Harvey car sold on Copart for around $25,000 back in January 2018, and it was a muddy, filthy beast compared to its Copart listing in Knoxville months later. The car did find a new seller in North Carolina, and it is running well (and available on Craigslist for $40,000, if you like gambling).
The second ZR-1 on tap is one of the first, a 1990 C4 model with damage to its door and left rear quarter panel which sold for $6,800. Samcrac says the C4-era ZR-1s have yet to truly appreciate in value compared to later cars, though the 1990 ZR-1 will likely be the first to see its value rise in time. All this one needs is a new door, some wiring, and maybe a new engine computer. So, do you like to gamble?
