Introductions & Greetings New to the site? Say hello!

Inherited a 2002 CETA

Thread Tools
 
Search this Thread
 
Old Apr 23, 2013 | 01:32 PM
  #21  
ramairetransam's Avatar
TECH Junkie
20 Year Member
Photogenic
Photoriffic
iTrader: (18)
 
Joined: Aug 2005
Posts: 3,462
Likes: 75
From: Amsterdam Ny, the good part
Default

you should go get Grundy insurance on it , just in case something happens. then if someones drives if and something does happen your covered . Thats what i would do .
Reply
Old Apr 23, 2013 | 01:55 PM
  #22  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

Originally Posted by Bell Automotive Todd
Welcome to the forum! Wow what an incredible low mileage car you have there. All the best with figuring out how to sell it.

Cars like yours, super low mileage and hoped to be a collector piece one day but aren't quite old enough to be considered that yet can really take a hit in the marketplace, so I'd suggest putting a reserve on it if you have a certain number in mind. If I were you though I'd keep it the way it is for another 5-10 years when it'll finally reach collector status.
I'm not looking at it as in investment and it's not even really the cash I am after. It simply boils down to not having room for it and I'm definitely not going to incur expenses on storing it somewhere. If I am going to keep an awesome car around I want to drive it. With that said, I'm not going to just give it away either. There is most likely someone out there that is looking for something like this, that has space, as an investment. Don't get me wrong I'd take an LS1 as a daily driver, just not this one. A trade for an evenly valued vette would interest me or even better a CTS V (only because 4 seats would fit my needs better at this point in my life).

Last edited by MyCN18; Apr 23, 2013 at 04:15 PM.
Reply
Old Apr 23, 2013 | 01:57 PM
  #23  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

Originally Posted by ramairetransam
you should go get Grundy insurance on it , just in case something happens. then if someones drives if and something does happen your covered . Thats what i would do .
It's covered right now. What is good about Grundy? I probably get a better rate with my regular insurance company since I am able to bundle everything on one policy. But I don't know that for sure. I've never called Grundy.
Reply
Old Apr 23, 2013 | 01:59 PM
  #24  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

Originally Posted by MasterTomos
Was the car on jackstands with the suspension free hanging? If so, you'll want to check out the shocks and make sure they aren't shot.

Congrats on the car. I'd say $25-30k depending upon documentation.
It was on jack stands for a little while, not the entire time it was sitting. He kept air in the tires. Everything with the suspension seems tight, like new. the Tires appear to be just fine, no flat spots.
Reply
Old Apr 29, 2013 | 01:35 PM
  #25  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

FYI....This car will be listed on eBay starting tonight at 2330 EDT.
Reply
Old Apr 29, 2013 | 02:04 PM
  #26  
Sam Hadji's Avatar
Staging Lane
iTrader: (1)
 
Joined: May 2012
Posts: 73
Likes: 0
From: Port St Lucie, FL
Default

Awesome car, hope you get what you want for it!
Reply
Old Apr 29, 2013 | 03:35 PM
  #27  
demonspeed's Avatar
It's not mine! woo hoo!
20 Year Member
Photogenic
Photoriffic
iTrader: (7)
 
Joined: Jun 2003
Posts: 7,128
Likes: 5
From: Pittsburgh, PA
Default

Originally Posted by MyCN18
It's covered right now. What is good about Grundy? I probably get a better rate with my regular insurance company since I am able to bundle everything on one policy. But I don't know that for sure. I've never called Grundy.
Grundy, Hagerty, etc. is collector car insurance where you essentially tell the company how much you want it insured for. They then base your premium on that. Otherwise, your regular insurance company is likely going to base its value on current NADA value. I'm guessing it'd be in the ball park of $15-$20k retail that way; however, I'd have that insured for at least original MSRP.
Reply
Old Apr 30, 2013 | 07:41 AM
  #28  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

Originally Posted by demonspeed
Grundy, Hagerty, etc. is collector car insurance where you essentially tell the company how much you want it insured for. They then base your premium on that. Otherwise, your regular insurance company is likely going to base its value on current NADA value. I'm guessing it'd be in the ball park of $15-$20k retail that way; however, I'd have that insured for at least original MSRP.
Thanks for the info. My fingers are crossed I get it sold relatively soon. Hopefully this is a non issue for me.
Reply
LS1 Tech Stories

The Best V8 Stories One Small Block at Time

story-0

Topdon ONE vs. Artidiag 800 BT2: Which is the Diagnostic Tablet For You?

 Pouria Savadkouei
story-1

Gas Monkey Built a 6-Wheel Ferrari Testarossa With a Corvette LT4 Engine

 Verdad Gallardo
story-2

7 Most Reliable High-Performance Engines GM Has Ever Built

 Verdad Gallardo
story-3

Amazing '71 Camaro Restomod Is Modern Muscle Car Under the Skin

 Verdad Gallardo
story-4

6 Common C5 Corvette Failures and What's Involved In Repairing Them

 Pouria Savadkouei
story-5

Retro Modern Bandit Pontiac Trans AM Comes With Burt Reynolds' Autograph

 Verdad Gallardo
story-6

Top 10 Greatest Cadillac V Series Performance Models Ever, Ranked

 Pouria Savadkouei
story-7

Top 10 Most Powerful Chevy Trucks Ever Made!

 
story-8

Hennessey's New Supercharged Silverado ZR2 Has 700 HP

 Verdad Gallardo
story-9

Coachbuilt N2A Anteros Is an LS2-Powered C6 Corvette In Italian Clothes

 Verdad Gallardo
Old Apr 30, 2013 | 11:04 AM
  #29  
scottyroc's Avatar
Banned
iTrader: (5)
 
Joined: Apr 2013
Posts: 51
Likes: 0
From: NEPA
Default

Great car!! Shame you are letting it go.
Reply
Old Apr 30, 2013 | 02:08 PM
  #30  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

Originally Posted by 2GOOD4U
I think your car could get anywhere from $27-$32k from the right investor. Do you have all the original paperwork, manuals, window sticker, etc? Can you park the car near the auction with a forsale sign in the window? Maybe have the original window sticker on the window, etc?
BTW, I finally looked to see what paperwork I have because a bidder on eBay asked. I have it all, I have the Original Window Sticker, Original Build Manifest, Original Sales Receipt from the Dealer, Original Emission Sticker, Original Owners Manual, Original Warranty and Owner Assistance Information Book, Original Collectors Edition Booklet, Original Application for Title, Maintenance History Paperwork. Why does this increase the value?
Reply
Old May 1, 2013 | 11:22 AM
  #31  
Bell Automotive Todd's Avatar
Closed ex-Sponsor Account
 
Joined: Feb 2013
Posts: 53
Likes: 0
From: Nashville, TN
Default

Collector car provenance is why. When you have a specialty car and someone is looking to keep it a long time to hopefully get a return on it paperwork is absolutely key.
Reply
Old May 7, 2013 | 10:46 AM
  #32  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

She sold. Got almost what I was hoping to get. If I could have picked a number that I would have been thrilled with,that number would have been $25k. It sold on eBay for $23,600.00 to a person in Chicago. There are several people wanting upper 20's to lower 30's for these cars, but wanting and selling are two different beasts. I'm very pleased with the $23,600.

For the amount of cars like this that were produced they are readily available in today's market. Most of them are low mile cars, too. This one was on the low end of the scale. I found one with 232 miles on it. But it's not selling because the seller thinks it's worth more than it really is.
Reply
Old May 7, 2013 | 11:53 AM
  #33  
levilz's Avatar
12 Second Club
iTrader: (6)
 
Joined: Oct 2005
Posts: 64
Likes: 0
From: Clarksburg, WV
Default

Congrats on the sale. It sounds like both you and the buyer made out like champs in this deal!
Reply
Old May 7, 2013 | 12:10 PM
  #34  
b.lee's Avatar
Launching!
15 Year Member
iTrader: (6)
 
Joined: Sep 2006
Posts: 274
Likes: 0
From: Southeast, Michigan
Default

I would have kept it and drove it every sunny day in my fathers honor.... these cars are made to be driven and very doubtful they will gain any value within our lifetime.

The key is having fun and living life... should have drove it and lived a little....
Reply
Old May 7, 2013 | 02:06 PM
  #35  
blackls1ta00's Avatar
11 Second Club
iTrader: (27)
 
Joined: Jul 2008
Posts: 905
Likes: 2
From: kittanning,pa
Default

i would NOT have sold that car!!too late now!

Last edited by blackls1ta00; May 7, 2013 at 02:09 PM. Reason: took out some words
Reply
Old May 7, 2013 | 02:11 PM
  #36  
blackls1ta00's Avatar
11 Second Club
iTrader: (27)
 
Joined: Jul 2008
Posts: 905
Likes: 2
From: kittanning,pa
Default

i guess its all about the money for some people
Reply
Old May 7, 2013 | 06:21 PM
  #37  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

Originally Posted by blackls1ta00
i guess its all about the money for some people
Actually, it's not. I'm turning around and buying a better car that i will drive everyday and the cash I got for this car won't dictate the money I am going to spend. I don't need the money, trust me. The fact is, I think the car is ugly and I'm not a Firebird body style fan. I don't like the flash of a yellow car. I do believe cars are made to be driven, this particular car would not be by me and I don't want to store it. Someone else can enjoy it. It's that simple. This car had a killer engine, in my opinion that's it. But to each his own. If you're a fan more power to you.
Reply
Old May 7, 2013 | 06:27 PM
  #38  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

Originally Posted by b.lee
very doubtful they will gain any value within our lifetime.
Exactly.

If driving a car is living a little......I've lived 100 lives. Living is experiencing life to the fullest without regret.
Reply
Old May 7, 2013 | 06:30 PM
  #39  
MyCN18's Avatar
Thread Starter
Registered User
 
Joined: Apr 2013
Posts: 0
Likes: 0
From: Indianapolis
Default

Originally Posted by levilz
Congrats on the sale. It sounds like both you and the buyer made out like champs in this deal!
Thanks, man. I will be excited to see how pleased the buyer is when they pick it up. I'm glad I found someone who will love the car. Sounds like it will be a sunny, sunday afternoon type of car for this person.
Reply
Old May 7, 2013 | 08:59 PM
  #40  
AmDWs6's Avatar
TECH Apprentice
 
Joined: Apr 2011
Posts: 375
Likes: 0
From: Bahrain
Default

wow, this jumped like a rocket !!
insane car , insane inheritance.
too bad you couldn't hang on to it.
MAN !! .... i have no more words
Reply



All times are GMT -5. The time now is 01:57 AM.

story-0
Topdon ONE vs. Artidiag 800 BT2: Which is the Diagnostic Tablet For You?

Slideshow: We take a close look at the ONE and Artidiag 800BT2 diagnostic tools from Topdon and the reasons to buy one over the other.

By Pouria Savadkouei | 2026-05-28 11:05:11


VIEW MORE
story-1
Gas Monkey Built a 6-Wheel Ferrari Testarossa With a Corvette LT4 Engine

Slideshow: The controversial Ferrari F6 swaps its original flat-12 for a Corvette Z06-derived LT4 V8 and sends power to four rear wheels through a custom-built drivetrain.

By Verdad Gallardo | 2026-05-26 18:23:54


VIEW MORE
story-2
7 Most Reliable High-Performance Engines GM Has Ever Built

Slideshow:These GM engines didn't just make huge power, they survived abuse, boost, track days, and six-digit mileage with a reputation for refusing to quit.

By Verdad Gallardo | 2026-05-21 16:45:27


VIEW MORE
story-3
Amazing '71 Camaro Restomod Is Modern Muscle Car Under the Skin

Slideshow: This heavily modified 1971 Camaro mixes classic muscle car styling with a fifth-generation Camaro interior and modern LS3 power.

By Verdad Gallardo | 2026-05-12 18:06:42


VIEW MORE
story-4
6 Common C5 Corvette Failures and What's Involved In Repairing Them

Slideshow: From wobbling harmonic balancers to failed EBCMs, these are the issues that define long-term C5 ownership and what repairs typically involve.

By Pouria Savadkouei | 2026-05-07 18:44:57


VIEW MORE
story-5
Retro Modern Bandit Pontiac Trans AM Comes With Burt Reynolds' Autograph

Slideshow: A modern Camaro transformed into a retro icon, this limited-run "Bandit" build blends nostalgia with brute force in a way few revivals manage.

By Verdad Gallardo | 2026-04-21 13:57:02


VIEW MORE
story-6
Top 10 Greatest Cadillac V Series Performance Models Ever, Ranked

Slideshow: Cadillac didn't just crash the high-performance luxury vehicle party, it showed up loud, supercharged, and occasionally a little unhinged...

By Pouria Savadkouei | 2026-04-16 10:05:15


VIEW MORE
story-7
Top 10 Most Powerful Chevy Trucks Ever Made!

Slideshow: Top ten most powerful Chevy trucks ever made

By | 2026-03-25 09:22:26


VIEW MORE
story-8
Hennessey's New Supercharged Silverado ZR2 Has 700 HP

Slideshow: Hennessey has turned the Silverado ZR2 into a 700-hp off-road monster with supercharged V8 power and a limited production run.

By Verdad Gallardo | 2026-03-24 18:57:52


VIEW MORE
story-9
Coachbuilt N2A Anteros Is an LS2-Powered C6 Corvette In Italian Clothes

Slideshow: A one-off sports car that looks like a vintage Italian exotic-but hides a C6 Corvette underneath-just sold for the price of a new mid-engine Corvette.

By Verdad Gallardo | 2026-03-23 18:53:41


VIEW MORE