The other night I had a dream that literally shook me awake. It took me a minute or two to realize it was just that—a dream. Somehow, I had "rattle-can" spray-painted my 1977 Corvette in primer, only to watch most of it run down the sides of the car in giant drips. Yes, that's Lake Erie and no, that's not my house.
If anything, my long-gone, woe-begone '77 was one car that didn't need a paint job. Maybe it was a combination of missing the old girl and stumbling across this 1969 Corvette that desperately needs one that conspired to wake me up in the middle of the night.
My wife actually spotted it out on Lake Road during one of our leisurely cruises in the 1991 Corvette convertible I replaced the '77 with.
"Did you see that red Corvette back there that looked like our old one?" she asked as I zipped past it.
I immediately turned around for a better look.
The front chrome bumper told me everything I needed to know. This was one of the holy grails of third-generation Corvettes—a 1968-1972 chrome-bumper car.
Beginning in 1973, to comply with federal 5-mph front-impact standards, Chevrolet replaced the chrome front bumper with a body-colored urethane nose over an energy-absorbing structure. The rear bumper received similar treatment for 1974.
In my opinion, the literal plastic surgery Chevrolet designers and engineers performed on their Plastic Fantastic was among the best work they did during the 1970s. It was so successful that, back then, some owners of 1968-1972 chrome-bumper cars actually updated them to resemble the newer rubber-bumper models.
Times have certainly changed.
Today, the simple elegance of the chrome-bumper cars has sent their values soaring. Although there's nothing particularly special about this example beyond being a 1969 Corvette, if it were in good-to-great condition, it could easily bring $50,000 or more. Some online valuation guides would even have you believe it's worth considerably more, though those estimates tend to be optimistic.
Which makes the $10,000-or-best-offer asking price dangerously alluring.
Let's roll up our sleeves and see what we'd really be getting ourselves into.
The paint alone could run as much as $25,000 if done to a very high standard. If you're going to do it, do it right. Otherwise, seriously what's the point? Even a cheapie paint job will run you ten-grand.
Assuming the front and rear suspensions need rebuilding—as my '77 eventually did—you could easily spend around $4,000, depending on whether you tackle the work yourself and whether the differential also needs rebuilding.
If the engine and transmission both require overhauls, figure another $6,000 to $10,000, depending on what's actually wrong and, as the old saying goes, "How fast do you want to spend?"
Then there's another $2,000 or so for period-correct wheels and tires.
The frame is soft just ahead of the rear wheels, too. Repairing that with welded reinforcement brackets could add another $1,500 to $2,500. That's the sort of repair that does resale value and buyer appeal no favors.
The good news? The interior appears to be in respectable shape. I didn't open the car to take a sniff inside it; you know cameras and all.
I'd also budget for electrical work. C3 Corvettes are notorious for electrical gremlins. If the wiring harness ultimately needs replacing, you could spend anywhere from $3,500 to $5,000. Personally, I'd want the body off the frame before tackling a job like that. Otherwise, you're just asking for headaches.
So, assuming you negotiate the purchase price down to around $8,500, you're looking at well over $60,000 invested by the time the dust settles. And after all that, there's no guarantee you'd recover your money if you decided to sell it.
Talk about a nightmare.











