I can think of plenty of reasons why buying a project car like this 1967 Camaro Convertible could be a wise move. It is a complete classic that runs and drives. The engine bay features its original V8, and the parts required to return it to its former glory are readily available. The icing on this cake is that with values continuing to climb, it is a car that could represent a fantastic long-term investment. If I have put forward some arguments that are too compelling to ignore, you will find the Camaro located in East Aurora, New York, and has been listed for sale here on eBay. A single bid of $12,500 has started the ball rolling in what is a No Reserve auction.

If you ignore the aftermarket wheels, this Ermine White Camaro appears to be an original and unmolested classic. The buyer will be faced with the task of tackling a complete restoration, but the starting point for this undertaking looks pretty good. There is the rust that we’ve come to know and “love” in areas like the lower rear quarters and rockers, but this is not particularly extensive. The frame rails are said to be structurally sound, and I can’t spot any nasty surprises lurking around the cowl. The floors have accumulated a collection of pinholes, and the trunk pan is slightly worse. So I suspect that the buyer will probably replace these to achieve a high-quality restoration. The frame is present for the soft-top, but the top itself is gone. The external trim looks like it would respond well to some polish, but a new windshield will need to be added to the shopping list due to the massive crack present in the existing one.

Lifting the Camaro’s hood reveals the numbers-matching 327ci V8 and the Powerglide transmission. This is the L30 version of the V8, so the buyer can expect it to produce 275hp. The Powerglide will knock the edge off outright performance, but the Camaro should still romp through the ¼ mile in 16.6 seconds. To gain an insight into the impact that the Powerglide has, consider that if you were to swap that for either the 3-speed or 4-speed manual, the same journey would take 15.4 seconds. The owner says that the Convertible runs and drives, and you can tell in this photo that the 327 is spinning away quite merrily. The car is running off a fuel can at present, which suggests that the fuel system will require some attention if the vehicle is to be returned to a roadworthy state.

I’ve said in the past that one of the few drawbacks of owning a classic convertible is that it is difficult to hide any interior shortcomings. That is the case with this Camaro. It appears that a few dash pieces are missing, but the overall impression is that the whole thing needs to be stripped and gone through with a fine-toothed comb. The starting point will almost certainly be a trim kit, and the price will depend on the buyer’s sense of taste and whether they are seeking to complete a faithful restoration. The Trim Tag indicates that the interior featured Red Standard trim with no headrests, and matching kits are easy to find. A basic kit will cost the buyer around $800, but a complete kit will push that price to approximately $1,200. If the buyer isn’t fixed on originality, they could opt for a Deluxe kit, which would increase these figures. However, it is still affordable, and it is this affordability and availability of parts that make cars like the 1st Generation Camaro an attractive proposition as a project car.

I admit that this 1967 Camaro Convertible has me scratching my head. It is a solid and complete classic that offers a lot of promise as a project car. Compared to many similar vehicles that we’ve seen in the past here at Barn Finds, its rust issues appear relatively minor. It confuses me because, from the time the owner listed the vehicle, it took almost exactly one day for the sole bid to be submitted. A further two days have passed with no other action, although 71 people are watching the listing. Maybe some of those individuals are waiting until the last moment to stake their claim. Are you tempted to join them?