Loading ...Its dirt cheap. This car was stored for 52 years. He tried many times to sell it. Conservatively, a one car garage rental is $100/mo or $1200/year, cheap storage fee. Fifty two years at $1200 comes out to $62,400.
So the buyer, he gets $62,400 of free storage plus the car for only $27,000. The seller stored the car in 1969 for a future buyer that would want that car. The seller doesn’t doesn’t get enough money to cover his storage value. So the buyer at $17,000 and avoiding the $62,400 52 years of storage fees, is getting the car for free. at $27,000
1969 CHEVY CORVAIR 500 ONLY 459 ORIGINAL MILES – cars & trucks – by… (craigslist.org)
Here’s another bargain. Restored 1969 Camaro, for $85,000.
Stored or re-stored, same thing. Seller asking $85,000, buyer getting discount $62,400 52 years of storage value and paying $22,600 more to get the car = $85,000 asking price. Plus the seller said the resto cost $125,000. Stored and re-stored cars are under valued.
1969 CHEVY CAMARO RESTOMOD, LIKE A NEW CAR – cars & trucks – by… (craigslist.org)