2 Yenkos for sale at Legendary Motorcar

[AutoInsane]

Look in the inventory section:

http://www.legendarymotorcar.com/home.htm

[T Billigen]

It would be intersting to know what the asking price is for the cars. /ubbthreads/images/graemlins/flag.gif

[John]

...When I last checked the Yellow one was $155,000...and the orange one was $171,300 ( in US dollars )...but "price subject to change at any time" was what they told me. /ubbthreads/images/graemlins/blush.gif

[jg95z28]

I'll bet that L-78 is well over $100k as well. /ubbthreads/images/graemlins/dunno.gif

[T Billigen]

Did they happen to mention if they were matching number cars or how old the restos were? /ubbthreads/images/graemlins/dunno.gif

[T Billigen]

Just had a look at their site. Both cars look pretty nice. Yellow car has the side gills but not a blacked out tail panel? Is it a X-66? Orange car has smog system and is pretty detailed but has the wrong tires. (F70/15s)

[Zedder]

TB, I saw the yellow car at the RM auction. Not a number 1 car - scratched glass, frayed wires underhood, chipped paint around bolts etc. I didn't look for numbers etc. Your car looks like a bargain in comparisson.

[T Billigen]

Pictures sure do not tell the whole story, thats for sure!! /ubbthreads/images/graemlins/naughty.gif

[mhassett]

The Orange YENKO and my Orange YENKO were Both Owned by Otis Chandler, they were displayed together in his museum. Mine is the 4-Speed and the other is the Automatic. They Both have the Original Engines. I am sure they are pricing it higher because it came from the Chandler Collection. See American Muscle (Muscle Cars from the Otis Chandler Collection) by Randy Leffingwell. Page 8. It seems like a Dealer will Always get more Money for a car than a Private Owner!!! Mark <font color="purple"> </font>

[Mr. T]

I sent the dealer an e-mail, and asked them if the Yenko's are X-11 or X-66 cars. I am hoping to get an answer back. /ubbthreads/images/graemlins/flag.gif

[Jeff H]

Geez, with all these Yenkos for sale, the prices will probably be dropping fast! /ubbthreads/images/graemlins/rolleyes.gif I'm still surprised to see this many pop up for sale.

[hvychev]

Jeff there ARE more Yenkos for sale than lets say a year ago. Notice how they are sitting around longer now a days? Notice the same thing about the COPO's.

[sYc Yenko]

I think its good in away, Because it gives one that is looking for one of these cars, Just that little bit more chance of owning such rare cars

[sixtiesmuscle]

[ QUOTE ]
Jeff there ARE more Yenkos for sale than lets say a year ago. Notice how they are sitting around longer now a days? Notice the same thing about the COPO's.

[/ QUOTE ]
Ya but, other than Tom's car, the prices are not commensurate with the quality of the cars available, IMO. The cars "sitting around" would sell [and DID sell] quickly when they were priced correctly. The lack of cars available beginning about a year ago is what drove the prices up. Then, as usual, more became available. To think that this combination of factors is a predictor of an impending price drop is overly pessimistic. OR, optimistic if you're hoping for values to erode.

[T Billigen]

There are a few Yenkos for sale right now but if the quality is not there they will stay for sale. Most people that buy these cars are pretty well informed. For example the Yenko the Lengendary has for sale for 171K looks good in the pics but if you look at it in person it probably needs freshened up which could cost you another 10-20K! and if it does not have all the correct parts that could turn into a real nightmare! /ubbthreads/images/graemlins/eek.gif

[mc25t190]

Nicely worded Mike. These seem to be the picked over cars that are trying to sell for the picked first price. Again, rare or unique, small #'s available, quality and freshness of resto. i am not referencing the cars at legendary in particular, but, the yellow one sold on ebay for $100k, why? see above explanation.

[JChlupsa]

Of the 2 which one is going for 171K? whats the price of the other one also?

[T Billigen]

The Hugger Orange is the 171K and the Yellow is 155K Someone on this thread contacted them for the prices.

[jg95z28]

It almost makes me wish I actually considered that #'s matching 68 Yenko I saw a year ago for only $105K. /ubbthreads/images/graemlins/dunno.gif

[Mr. T]

Jeff,

I know the feeling! Back in the early to mid 80's, I passed on so many collecter 69 Camaro's - SS's, Z28's, RS's, SS/RS's, until I finally found the "69" cars that I was looking for.
The prices back then were considered kind of spendy , but compared to the present time, those prices were dirt cheap. Too bad I didn't buy more of them back then. /ubbthreads/images/graemlins/frown.gif
Hindsight is sure wonderful isn't it!!

[jg95z28]

Hindsight would be not selling my 68 RS Camaro to my brother for $1500 ten years ago. /ubbthreads/images/graemlins/no.gif

[Mr. T]

Does your brother still own it, and would he consider selling it back to you? /ubbthreads/images/graemlins/biggthumpup.gif

[jg95z28]

He sold it two years later for $1000 after replacing the powerglide with a TH350 and dropping in a built 355 cid sbc. It changed hands three more times. It recently went up on ebay for $10,000. I contacted the seller in September. I almost bought it back (he was asking $12K at the time) but I didn't like the new baby blue color with medium blue stripes. So I passed. For more on the story (and pictures) Check out the following link:

http://camaroz28.cardomain.com/memberpage/240075/4

I contacted the winning bidder on ebay, be he hasn't responded yet. (It might have been a shill bid to bump the price.) /ubbthreads/images/graemlins/no.gif

[Mr. T]

Just received a response by e-mail from Legendary Motorcar Company. I asked them if the 69 Camaro Yenko's were X-11's or X-66's, but did not give an answer. However, he did give me the current prices for the orange Yenko, yellow Yenko, and orange SS/RS L78. Here they are.

1969 Yenko orange $149,000 USD
1969 Yenko yellow $135,000 USD
1969 SS/RS L78 $59,900 USD /ubbthreads/images/graemlins/flag.gif

[jg95z28]

[ QUOTE ]
Just received a response by e-mail from Legendary Motorcar Company. I asked them if the 69 Camaro Yenko's were X-11's or X-66's, but did not give an answer. However, he did give me the current prices for the orange Yenko, yellow Yenko, and orange SS/RS L78. Here they are.

1969 Yenko orange $149,000 USD
1969 Yenko yellow $135,000 USD
1969 SS/RS L78 $59,900 USD /ubbthreads/images/graemlins/flag.gif

[/ QUOTE ]

Less than $60K for the L78??? Wow! That's the deal of the century! /ubbthreads/images/graemlins/naughty.gif

[Mr. T]

Less than $60K for the L78??? Wow! That's the deal of the century! /ubbthreads/images/graemlins/naughty.gif

[/ QUOTE ]

That is what I thought. I know of a guy right now, selling his 69 Camaro SS396 L78 (fully documented/datecoded) for $78,000.

[T Billigen]

The reduced prices may reflect the actual quality? /ubbthreads/images/graemlins/naughty.gif

[BillD]

I called early in the week on the Orange 69 L78 and was told $70,000 US. I guess it really doesn't matter if it's 60 or 70, because I am not a buyer at either price

[BillD]

If I can ask a stupid question (which may be my specialty) how can decent cars end up at dealers all the time? If a car is really a good car, and the owner is willing to let it go for a wholesale price to a dealer, wouldn't somebody step up to buy the car at that price and cut out the dealer? If I had to give up a good car, I would rather let it go to someone who wants it to keep, rather than someone who wants to make money off me. Just my 2 cents

[Charley Lillard]

Ha !!! Weren't you just offered the green L78 car before the Dealer bought it ? There are usually lots of reasons People sell their cars. Sometimes they want a quick sale and don't want to put up with lots of People picking their car apart so they sell it to a Dealer and let the Dealer deal with all the tire kickers. Marketing a Car is a Pain and the Dealer usually earns his Money. I think the Canadian exchange rate has also affected the asking price on the Yenkos being discussed here. I had offered my Impala for sale here on this site but got no takers. I just sold it to a Dealer. Now it will probably be priced higher but he will probably do a better job of marketing than I did.

[jg95z28]

Excellent point Charlie. The dealer I bought my 67 RS from had a survivor 68 SS-RS 396 Convertible that sold days before I called on my RS. The seller just wanted to get rid of it and move on. At the time it wasn't even running, but the buyer had it running within hours of towing it home. If only I had called a week earlier, I'd have that car today. /ubbthreads/images/graemlins/dunno.gif Shoulda, woulda, coulda.

Btw, the guy who owned my 67 RS, also had a super clean 96 Mustang Cobra. He traded them both in to the same dealer and went and bought an Acura SUV. I know he could've got much more than he did if he sold them on his own, but he just didn't want to deal with the tire kickers.

[BillD]

Charlie, Point well taken. While I was taking the 24 hours to sleep on it, the dealer upped his offer and the car was gone, sweet and simple done and over with. I guess you answered my question as to why this happens. Plus the dealer doesn't care about the stuff I was loosing sleep over.

[Jeff H]

The dealers have the cash available at a moments notice and it's not as big of a risk for them to make a purchase as it is for a private individual. Plus, having the cash to offer immediately will allow a dealer to purchase a car at a good chunk off the asking price. But if there were no classic car dealers at all, most of these cars wouldn't be worth much at all because the average Joe just can't come up with the money. The dealers help the sellers by buying the car and getting him out of the jam. Then they can help the buyer who can only purchase by getting a loan. It always bugs me to see some of these cars sitting at dealers for over inlfated prices, but without them most of these cars would never even be restored. That's my take on it, hope I didn't ruffle any feathers.

[Charley Lillard]

Alot of the time you will also see a high price at a Dealer because someone will want to trade their car in and it is easier to take the car in trade than to tell the buyer that his pride and joy trade is not worth what he thinks it is. Then the buyer can explain to his spouse how much he got for old blue and what a great deal it was.

[Mr70]

[ QUOTE ]
The the buyer can explain to his spouse how much he got for old blue and what a great deal it was.

[/ QUOTE ]
That sounds like you are speaking form Past experiences..
"Aw Cmon Honey,Look at My New Car...it was a Great Deal!" /ubbthreads/images/graemlins/haha.gif

[mrrec]

Bear in mind dealers are much more "visible" than private collectors. If you've had a car for a long time and think about selling it (especially if your not "in" the hobby), it is very easy to jump on the web or see an ad, call a dealer and sell it. No muss, no fuss. This is how many one owner, original cars come on the market.

I prefer not to buy from a dealer, but they certainly have their place and there are some good ones. They are in business to make money and as long as they do so honestly, they can benefit the hobby by bringing that low mile, original car out in the open for us to have a shot at. I am a firm believer the value of any item is what the buyer and seller strike a deal on. Of course, you and I might not agree, but that IS the value to those two at that moment!
/ubbthreads/images/graemlins/wink.gif
Dave

[BillD]

JeffH:

Don't ever worry about ruffling my feathers. You make some good points. Since I consider myself to be in the average joe category, I can add a comment about financing. If you don't have the cash and feel you must use a dealer because you need finance help that's not entirely true. There are some on line loan people who have very competitive rates, and some who will even give you a blank check loan to go shopping with. So you can buy a car privately and get a loan.

And to Charlie, here's another reason to sell directly to a dealer. A dealer doesn't hire a third party to appraise and evaluate the car prior to purchasing it. If I ever sell another car, I can honestly say I don't know if I would be willing to subject myself and the car to this type of review. It's probably easier just to take a few dollars less from a dealer and be done with it.

Have I learned anything from this? Yeah probably. I think prior to this discussion I would have thought that you should just stay away from dealers. I now think that I was wrong in that assumption. I guess you could find a good car anyplace, and since they are so hard to find, I guess you should consider every source.