Thanks to Robert over at Middle Zone Musings, whose monthly meme this month was about anything on “transportation,” and as I was fading in and out of driving-subconscious this morning on the way to work, which is where I do my best what-to-write-in-the-blog thinking, an older Corvette with a younger guy drove past me. Fast. Jerk. Envy is a terrible thing.
I had a Corvette once, a brand new cream-colored one, 1976. Cost me, if memory serves, around $9,000.
Here’s how I got it. I was in Wichita in the Air Force, but had a parttime job downtown. One of my downtown friends worked in a bank and one day he calls me, all breathless and excited which was not like him at all, being a banker and all.
They had just foreclosed on some motorcycle shop and the bank had been asking for bids for the inventory. But the inventory was not actually in the store yet but on the way, having been purchased from some Canadian company. They didn’t even know how much, what it was, worthless or not. Did I want to bid? There were no other bids.
I said “sure, why not?” So, I bid $3,000, maybe it was $5,000, for the ‘inventory.’ Sight unseen, no one else was so daring stupid.
When the inventory arrived, it was19 brand new Can-Am dirt motorcycles. In boxes. It filled up two storage lockers I had to rent. Sheessh.
I hired an airman to put them together for me, for the favor I gave him one, and the others I sold to guys on the base. It took a week, and I think I sold them for less than $1,000 each. I traded one for stereo equipment and another for an old catamaran sailboat,which was really smart because it was Kansas. And I did not live by the lake. A few guys paid me like $20 per month for years.
In short order, I had made, after taxes, about $9,000. Just like that.
I was 25, with a paid up Corvette, life was good.






14 users commented in " My First StartUp, or I Got My Corvette. "
Nice. A sailboat. In Kansas.
Wow, nice entrepreneurship, GL! Wish I’d had that kind of insanity at that age, but nooooo.
Hey, is this what convinced you to keep goin’ in that direction? You’re doing pretty good with it.
I remember the whole episode like it was yesterday! A I recall, then (as now) you were pretty much attempting to model your life after mine. I had a Bike so you had to up the ante by having 20 bikes. I had a vet; you had to have a newer one (although mine was alot fater).
The remarkable thing is that I had no intention of buying another bike but your slick sales skills (and a price tag of ~$250)was an offer that couldn’t be ignored.
When I told my new bride about this greta deal, she told me I had to stop hanging out with you…the first of many such repetitive directives.
The bike was great but after years of use I traded it for 4 cords of firewood in Omaha.
Robert—II
I dont think this is what convinced me to go this direction, no. IBut maybe so. who knows. I was 25.
And TL, thanks for walking down memory lane a bit. You still owe me that $250, too, don’t you?
Mom has mentioned that Corvette several times.
Me – what I remember is that both of us were still lean and had a lot of hair at that point.
So GL, what was your cadet car? Weren’t Vettes issued back in the day?
Conrad, thanks. You are lean. Me, not so much.
EmDotin–thanks for stopping by and no, I must have missed the free Vette line. I had a red 1970 Monte Carlo, with a white top. Being young and stupid, I did get it with a four on the floor however. What was yours?
So GL, with that kind of “investment” philosophy I assume you have your entire portfolio in a money market fund, and does Jim Cramer call you for advice?
Great story as usual. It also makes me wonder why I was so far behind the times. I didn’t get my first motorcycle until I was 40 (it figures!)and couldn’t afford a Corvette so settled for a Toyota Supra. Cool car but a nightmare in the winter.
Dave
Dave—I wish. My portfolio is not in stuff nearly as saleable as those Can Ams. You should have seen the corvette which I brought with me to MN, talk about a bad winter car. It was made of plastic of course, which tended to creak and make weird noises.
Who cares what kind of noise they make…..as long as they run really fast? I love speedy cars and when we get a new one broken in (Joe doesn’t believe them when they say they are ready to burn rubber after 500 miles…he figures they just want to ruin the motor so you will have to buy another one) and I’ve taken a trip to Salina or Jct. City, he always asks me, “Well, how much will it do.” I ALWAYS tell him the truth….just like any good wife of 60 years would do!
Take care,
Corky
[...] My First Startup, or I Got My Corvette, by GL Hoffman at What Would Dad Say? [...]
GL -
Great writing. Thanks.
Nice muscle car, those early Monte Carlos. Works with the macho-cadet-car thing.
Mine was a 78 Silver Anniversary Corvette. Still have it, and that silver paint looks worse than primer grey after 30 years of sunlight.
Fast, Neat, Average…
thanks EmDotin…i am impressed you still have yours. what class? where are you from?
‘79.
In C-Springs since 2000. Life is good!
[...] My First Startup, or I Got My Corvette, by GL Hoffman at What Would Dad Say? [...]
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