An OK toy to play with if you can get it cheap enough. About as low performance as any Corvette ever produced with a V8 engine, but ultra easy to modify to make it go a whole lot better.
On the other hand, have you talked to your insurance agent about this possible purchase? Years ago I thought about buying a 61 Corvette--it had been sitting for several years and had a lousy paint job. But it was offered to me for $2300!!! I believe I could have had the solid, straight Corvette on the road for less than $1000 more money. But then I talked to my insurance agent, who told me that the company I was with at the time just plain would not insure a Corvette. And the other companies he talked to were quoting figures of more than $2000/year for minimum liability. That was a WHOLE LOT of money back in the mid 70"s, and it caused me to decide to not buy the car. I wish I had bought it, since I believe I could have made quite a bit of money fixing up the Corvette and reselling it. But I was young and didn"t really have the finances to have a second vehicle that I could never drive. And I also did not have a good secure place to store such a car. Oh well!!!
As others wrote, I agree that a 79 Corvette is unlikely to ever become a hugely valuable car, like some Corvettes have. I would not plan on making ANY money if you were thinking of reselling it.
But depending on where you are in life, an old Corvette can be a fun, if fairly expensive project. I would SURE check out the insurance angle first, then you will not get a horrible surprise if you buy the car. Good luck!
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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