1955 CHEVROLET CORVETTE CONVERTIBLE 'SERIAL ONE'
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Description
Summary
First production V8 Corvette, VIN #001, 265ci with Powerglide automatic transmission, Polo White with red interior. Professional frame-off, nut-and-bolt restoration. NCRS Top Flight. Sold as a package with Lots 1352 and 1353.
Details
This 1955 was the first production Corvette equipped with Chevrolet's now-famous small block V8, as well as the first production Corvette equipped with a 12-volt electrical system. Discovered behind a Lexington, NC, residence in 1970, it was rescued by a young enthusiast for the pricey sum of $500. This car received a professional frame-off, nut-and-bolt restoration with all date-code and number-correct components, resulting in an NCRS Top Flight at a Chapter meet with a net score of 99.3 in
2008. Features include a 265ci engine with Powerglide transmission and Polo White exterior with red/white interior. The unique features for this Corvette, 1955 production unit VIN #001, includes a 1954 frame with modifications for V8 engine mounts and fuel pump clearance. The body is basically a 1954 with firewall modifications for the heater hose relocation and the plunger style windshield washer. The 6-cylinder equivalent firewall holes were simply plugged. The V8 engine also included several unique features for the Corvette: The distributor has a special grease lubricator, an external Mallory capacitor, special ignition shielding with a very rare housing and the extremely rare original Hallett ignition shielding. Complete and correct in every detail with proper early components and date codes and an award-winning restoration, this historically significant Corvette is recipient of the highest recognition from the organization that has set and maintained the standards for the state-of-the-art restoration accuracy. **SOLD AS A PACKAGE WITH LOTS 1352 and 1353**
Financing
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Monthly payment of $549.20 based on a purchase price of $50,000.00 with 15% down and 9.47% APR financing for 120 months. Monthly payment of $926.28 based on a purchase price of $100,000.00 with 20% down and 9.35% APR financing for 144 months. Monthly payment of $1,650.77 based on a purchase price of $200,000.00 with 20% down and 9.29% APR financing for 180 months. Rate with optional AutoPay (ACH Debit) discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay discount are 0.25% higher. Best rates are available for credit scores of 700 and above. TT&L may also be financed. Not all applicants will qualify. Rates and terms are subject to change without notice.