2 Engineers, 1 website.

 

Financial Jiu Jitsu will teach you how to gain leverage in the real world, step by step, until you are confident you no longer need more.

The C4 I chose to buy and why

The C4 I chose to buy and why

Ok so last week I was pondering quite a bit about my dilemma of which corvette to purchase. Really it boiled down to these 3 choices:

Well I made an excel spreadsheet afterwards outlining some stuff:

C4 corvette's I test drove

C4 corvette's I test drove

Like I said in the previous article, it was very hard not to just pay asking price for the 1996 car. But I pulled myself away to go think about my decision before taking the plunge. If somebody bought the car because of my cold feet I figured I would have to deal with it.

I had been thinking about how much I would pay for each one. I was basing this off of what would really make me happy after the deal and I wouldn't go higher or later I would be kicking myself. I decided I would pay 2500$ for the 1985 and I was unsure about how much for the others. My reasoning was this: I know a good deal when I see one, and a 1985 stick shift corvette in decent shape for 2500$ will always be a deal. Mind you, his asking price was 3500$ so I would feel a bit guilty for offering so low, but I would do it. I had also decided that I could part with 8000$ for the 1996 with the LT4. Both of these were essentially low ball offers in my opinion, but they would make me happy so I don't really care how the seller perceived them. If they get offended by an offer, then they will get offended quite a bit by listing on Craigslist no matter what so they better get used to it.

While I was pondering about which person to call first, the owner of the 1985 called me! He said somebody had offered him 2000$ for the car and that he wanted more but would take 2800$. Since I had driven it first and I had the money, I have no doubt he wanted to give me shot at bidding in a sense. I told him no BS I had 2400$ tomorrow for him in cash if he wanted it, he countered 2500$ and I said "you got a deal." See what I did there? I offered less than my top dollar amount to be happy. Get in the habit of doing this because most people collide in the middle of these negotiations.

The following day he delivered my 'vette to work and he even took it to get it cleaned for me! It was spotless and we happily closed the deal. After immediately doing burnouts in the parking lot and parking right in the entryway to our building forr all the plebs to see, I finished work and drove an hour north. During the test drive I discovered the overdrive actually worked when the car was warm and the button was pushed through the shift boot (as the linkage was broken). I also discovered that 115mph really isn't that fast in a corvette as it comes on quick and cruises easy right there.

For the true mechanics and flippers out there here is what I observed to be wrong with the car and what I plan to do to fix it (which I probably have already done by the time you are reading this):

  1. Change manual tranny fluid (done, there was auto trans fluid in the T-10 oops!)
  2. Car never heats up and temp fluctuates- Change thermostat (done, fixed)
  3. Belts squeal, alternator rotates rough, idler pully squeaks - replace them all
  4. Door lock hard to open on driver side - take door apart and get used to it because these cars make you take the door apart every couple weeks that's just how Chevy made them.
  5. Hatch doesn't stay up - replace gas hatch holder thingys
  6. Shifter notchy - realign, grease
  7. Spark plugs, cap, coil, wires, rotor - tune up stuff
  8. Replace slave cylinder - Car has new master but clutch pedal is still soft sometimes. After a thorough bleeding the clutch pedal has not improved so I assume it's the slave cyl. Ordered one for 30$
  9. Change oil and filter - normal. Done
  10. Install keyless entry and hatch popper - ordered! sweet this is gona be fun

Based on the above list you can see why the guy wanted to get rid of the car, because it takes quite a bit of mechanical aptitude to diagnose and fix these things. Luckily since the overdrive isn't broken like I thought it might be I can almost certainly get this thing running perfect for waaaay less than 400$. With these cars there is an incredible amount of fix-it-yourself information available on the internet because they are so popular and unreliable. I would not recommend them for beginner mechanics just because of the sheer volume and scope of some of the normal issues but for anybody who has an aptitude they are easy to maintain and fix. 

Anyways, I'm stoked and when I'm done I can probably sell for more than I bought so I can put this article in our flip section. Now if you'll excuse me I have brodies to do.....

My weekends are booked now

My weekends are booked now

The Un-Flip: When You Keep The Car You Were Going to Sell

The Un-Flip: When You Keep The Car You Were Going to Sell

Which Corvette to buy? C4 edition

Which Corvette to buy? C4 edition