1970 W30 Convertible "Alley" Find
#1
1970 W30 Convertible "Alley" Find
Thought this was interesting. 3 days left to bid...
I just want the gold horn button!
https://www.ebay.com/itm/223459940271
I just want the gold horn button!
https://www.ebay.com/itm/223459940271
#7
Speaking from exp (on a 70-442 that was in much better condition)
That car will suck at least $125k outta your wallet, if you pay a real professional to perform the job, at least that much. And likely over a yr to complete
#8
If you have that kind of coin buy one done and save yourself the brain damage. Thorton (the seller of the car in this op) did my GSX took 3 years and 100k++ and its still going on. Lesson learned. Buy 'em done or pay up on a survivor when you can.
#14
In Rhode Island it would cost me a minimum of 14K in tax alone, if the car was purchased at any price under 200K. More than 200K would cost me more.
#15
I want to clarify that the car was not being sold by Thornton Restorations. It was being sold by Thorton's brother, not Thorton Restorations.
I do not believe that there is any affiliation.
Apparently some misunderstood my statement in post #10.
I hope this clarifies any misunderstanding.
I do not believe that there is any affiliation.
Apparently some misunderstood my statement in post #10.
I hope this clarifies any misunderstanding.
Last edited by twilightblue28A; April 1st, 2019 at 08:22 AM.
#16
I'm sorry, I forgot it was a convertible. Make that a minimum of $21,000 in sales tax to RI alone. In RI, by law they must go by the NADA clean retail value for sales tax regardless of condition. A 70 W30 has a NADA value if 200,000 X 7%=$14,000. A convertible is currently at 300K by NADA. That is without any other options. Options add to the value.
#19
Rant over.
#20
It feels like govt is trying to put an end to classic cars and the enthusiast without officially making the cars illegal. They are squeezing the people who may find this hobby enjoyable out of the hobby by making it unaffordable. For a lot of people who enjoy old cars, tinkering and the nostalgia, taxes like this will drive them out of the hobby. Its like a silent coup. This will turn into a rich mans hobby if all states follow suit.
#21
I don’t know what or if the government has anything to do with it think it has to do with people going to motor vehicle and having written down paying a couple hundred dollars for a car when they pay thousands. NADA is just a universal tool that just about every car dealer new it used uses and it makes things universal across the board. Doesn’t make it right but makes it so all are doing it the same. The government sets the tax scale but sont think that’s changes in years at least here in Delaware . We have had 6% for as long as I’ve been buying cars
#22
My issue with the whole valuation thing is, there is no credibility backing the values as stated by the guide. The guide is put out by an organization called the "National Automobile Dealers Association". You might think the price guide would consult "Nation-wide Automobile Dealers", and use actual sales of automobiles to develop a perception of value. That is Not being done. In this case, they have their "Average Condition" values, far exceeding any actual sales prices, of even the most rarest and finest completely restored examples.
Other than a taxing authority, who in their right mind would ever give any credibility to the values they are listing?
According to NADA, this car which has A/C, in its current condition, is currently valued at $158,970. If it was in average condition, it would be valued at $220,185. If it was in excellent condition, it would be valued at $326,025. Where do these numbers come from?
Other than a taxing authority, who in their right mind would ever give any credibility to the values they are listing?
According to NADA, this car which has A/C, in its current condition, is currently valued at $158,970. If it was in average condition, it would be valued at $220,185. If it was in excellent condition, it would be valued at $326,025. Where do these numbers come from?
#23
W30?
I Like the car don't like the price LOL, not sure why folks are calling it a w30, hopefully not because of the wrong stripes, it has no w30 stuff? no under bumper scoops, No red fender wells, nothin' lol... Id be surprised he gets the opening bid... just my 2 cents
#24
is RI & other states gov't licensing/registration entities (that are using NADA) AUTHENTICATING cars to warrant the possibility of doubling available revenue?
or do their taxes revert to the model (no OPTIONS considered) based on the VIN number? in this case: 1970 Oldsmobile "34467"
or do their taxes revert to the model (no OPTIONS considered) based on the VIN number? in this case: 1970 Oldsmobile "34467"
#25
you need to follow the original post/auction not the eBay redirected '69 convertible auction
#26
My issue with the whole valuation thing is, there is no credibility backing the values as stated by the guide. The guide is put out by an organization called the "National Automobile Dealers Association". You might think the price guide would consult "Nation-wide Automobile Dealers", and use actual sales of automobiles to develop a perception of value. That is Not being done. In this case, they have their "Average Condition" values, far exceeding any actual sales prices, of even the most rarest and finest completely restored examples.
Other than a taxing authority, who in their right mind would ever give any credibility to the values they are listing?
According to NADA, this car which has A/C, in its current condition, is currently valued at $158,970. If it was in average condition, it would be valued at $220,185. If it was in excellent condition, it would be valued at $326,025. Where do these numbers come from?
Other than a taxing authority, who in their right mind would ever give any credibility to the values they are listing?
According to NADA, this car which has A/C, in its current condition, is currently valued at $158,970. If it was in average condition, it would be valued at $220,185. If it was in excellent condition, it would be valued at $326,025. Where do these numbers come from?
there is no accountable reason other then money to justify how they scale vehicles these days
Guess the moral of the story would be have your car appraised , will cost a little bit but may save you a lot at the other.
and the car in the pic that I get is a rarer car but someone put in a bid of $50000, it will take easily that amount if not more to get that car in a state that you might break even.
Think Hemmings still has the Ming green 70 W30 for sale documented 19,000 mile unrestored car while not a
convertible there asking $105000 or best offer. There was a very nicely restored Ming green convertible for sale few months back may still be for sale think that was up for $125000 . The done cars are out there. Too much time and money at least for me to restore one .
#27
is RI & other states gov't licensing/registration entities (that are using NADA) AUTHENTICATING cars to warrant the possibility of doubling available revenue?
or do their taxes revert to the model (no OPTIONS considered) based on the VIN number? in this case: 1970 Oldsmobile "34467"
or do their taxes revert to the model (no OPTIONS considered) based on the VIN number? in this case: 1970 Oldsmobile "34467"
Did I mention our Governor, Gina Retardo wants us to become a sanctuary state? Can't wait to move out of here.
#28
70's didn't have under bumper scoops. It had the OAI system under hood
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