Question about value of 92 ZR-1

[dorri732]

So I'm considering selling my '92 ZR-1. I'm having some difficulty determining how much to ask. Most of the ZR-1's I see selling are in very good condition and mine is not. It has 130,000 miles on it, and looks like it. It has had a pretty lousy repaint at some point, and the interior has some rips/tears, etc. The weatherstripping needs attention.

Mechanically, it seems to be in really good condition. I've replaced all 16 fuel injectors, and the engine runs strong. The secondary system is still in place and functional. I can't really feel any difference when switching between suspension modes, however.

Here's a picture of it (http://i.imgur.com/XvWYy.jpg). The rear has been lowered since that was taken. Here's one (http://i.imgur.com/trSOR.jpg) with another set of rims/tires. Those are Nitto NT-01's with most of the tread remaining.

Any thoughts on what this car could bring?

Thanks

[tccrab]

Sadly, C4's in general aren't worth much these days, even our beloved and rare ZR1's.
And to make matters worse, it sure don't look like their values will be appreciating any time soon.
There were 502 '92's and white was the third most common color with 78 white Z's made.
Your biggest price deductions arise from the repaint and the interior condition. Neither of these will be easy or cheap to fix.
Anyone who knows anything about the LT5 engine knows that if properly maintained it will continue to perform way into the 200-300k miles range as evidenced by this list of known 100k+ mile cars:
http://www.zr1netregistry.com/Information/100,000MileClub.aspx

I'd start by asking $15-18k and see if you get any bites.
It's worth at least $10-12k, I wouldn't go any lower than that.

'Crabs

[Mystic ZR-1]

Don't give it away!!!
Sometimes we're our own worst enemies...

[taximan]

Don't give it away!!!
Sometimes we're our own worst enemies...


So true. These cars have finally bottomed, and will see gradual but steady appreciation.

The attached numbers in kbb are from "sold" cars. granted these are 95, low mile cars, but the overall c4 zr1 market is changing. The numbers of available zr1s are at an all time low.

Unfortunately, the most popular years, colors, and low mileage ones go up the most.

[bamawrx]

Is that a grey 928 in the first photo? Cool car.

[cvette98pacecar]

I wish you luck selling your car. As for the price TCCRAB is right on the money.
10k to 12k.
It is unfortunate that our cars are not appreciating as they should. And as for the cars that are worth money, those are the 5k or so that are not driven with less than 1000 miles.
This is just my opinion, There is a very small nitch market for the Z, and most of the owners already have one or more.

[dorri732]

Is that a grey 928 in the first photo? Cool car.

It's this one (http://i.imgur.com/n0ldR.jpg). I sold it a few weeks ago. Downsizing. :)

[dorri732]

As for the price TCCRAB is right on the money.
10k to 12k.
It is unfortunate that our cars are not appreciating as they should. And as for the cars that are worth money, those are the 5k or so that are not driven with less than 1000 miles.
This is just my opinion, There is a very small nitch market for the Z, and most of the owners already have one or more.


I listed it for $12,500 (http://greenville.craigslist.org/cto/3976807134.html). We'll see if I get any bites. I also listed it on the Marketplace here, but it hasn't shown up yet.

Lots more pictures here (http://imgur.com/a/n2n9W), if anyone is interested.

Thanks!

[bamawrx]

It's this one (http://i.imgur.com/n0ldR.jpg). I sold it a few weeks ago. Downsizing. :)

Man we may have worked out a two car deal! I'm looking for C4 ZR1 and love the P928. Never thought the same guy would have both. Guess its the interest in that generation of sports cars.

I'm hoping to find a Z car closer to home so I can go look at it first. Just missed out on a 35K mile car for 15K in good condition. Sold day before I could get seller to return my email. Good luck on the sale of your cars.

[XfireZ51]

Have you thought of parting it out?
Don't see many 928s and that one looks pretty nice. I tended more towards the 944.
Drove one and was impressed with that German tautness in the steering and suspension.

[dorri732]

Never thought the same guy would have both. .

Funny, I bought both of them from the same guy.

[bamawrx]

No kidding. That is hilarious.

[bamawrx]

I've been thinking about your car. Parting out may be the way to go. Too many cars in 15-19k range available with under 40k miles. An unwrecked unflooded unburnt zr1 should add up pretty quickly in parts.

[dorri732]

I've been thinking about your car. Parting out may be the way to go. Too many cars in 15-19k range available with under 40k miles. An unwrecked unflooded unburnt zr1 should add up pretty quickly in parts.

I just don't see the value in parts. A high mileage engine is what? $5k? Then the only ZR-1 specific parts are the body panels. I think it's worth more as a complete car.

Maybe I'm wrong. At any rate, I'm not in any particular hurry to sell. I really do think the car will only go up in value, but I guess everyone thinks that about their collector car.

[tccrab]

Don't lose the faith, brother.
The value will surely go up........someday.
Hard to predict how long that will be.
Remember during the oil embargo and big block cars of all makes and models weren't worth a chit and got hauled off to the scrappers?
Just like then, our beloved Z's are undervalued now because John Q Public has either forgotten what a leap of technology the mighty LT5 is, or never bothered to learn.
All people seem to know now is that "they're hard to find parts for" and "there's nobody that knows how to work on them at the Chevy Dealership".
*sigh*

'Crabs

[DennisC]

Keep it, as stated by others it should start appreciating in value soon, I wanted a 1991 Quasar Blue one in 1991 when I was a patrolman but couldn't afford a new one at $69K, settled for a 93 Quasar Blue LT-1 one when I made Detective, 17 years later I found a 1991 Quasar Blue ZR-1 with 56,000 miles on it. I hit the buy button at $22,500 and got my dream car, I have put about $10,000.00 into the motor and still doing upgrades and things to it, restoring carpet next. Love this car, hang on to it it will appreciate.

[Cal55]

Keep it, as stated by others it should start appreciating in value soon, I wanted a 1991 Quasar Blue one in 1991 when I was a patrolman but couldn't afford a new one at $69K, settled for a 93 Quasar Blue LT-1 one when I made Detective, 17 years later I found a 1991 Quasar Blue ZR-1 with 56,000 miles on it. I hit the buy button at $22,500 and got my dream car, I have put about $10,000.00 into the motor and still doing upgrades and things to it, restoring carpet next. Love this car, hang on to it it will appreciate.

I have a 91 Quasar Blue/Black ZR1 with 27K miles on it. I'm thinking about selling it reluctantly, maybe I should keep it. I had a 1970 Bridgehampton Blue Stingray coupe, 350/300hp, 4 speed, that I owned for about 10 years that I kind of miss. This car is in much nicer condition than that was when I bought it and around the same age as when I bought the 70, but that car had around 175,000 miles on it and I was told it was 75K, until I talked to the original owner. Blue has always been one of my favorite colors from the time I was a kid and had a blue 5 speed Schwinn Stingray.

[cvette98pacecar]

Keep it, as stated by others it should start appreciating in value soon, I wanted a 1991 Quasar Blue one in 1991 when I was a patrolman but couldn't afford a new one at $69K, settled for a 93 Quasar Blue LT-1 one when I made Detective, 17 years later I found a 1991 Quasar Blue ZR-1 with 56,000 miles on it. I hit the buy button at $22,500 and got my dream car, I have put about $10,000.00 into the motor and still doing upgrades and things to it, restoring carpet next. Love this car, hang on to it it will appreciate.

That is kind of funny. I was a single dad and settled on a 92 QB Roadster. bought my first Z three years ago when my last child was out of college.
I am now like Krammer. Buy, Buy, Buy.

[DennisC]

Funny my son was born in 96 and he moved in with me from mom's the year I bought mine we both have the right priorities children first, He wants to join Marines when he graduates so I imagine my stable of two Corvettes will grow.

[Mystic ZR-1]

I have a 91 Quasar Blue/Black ZR1 with 27K miles on it. I'm thinking about selling it reluctantly, maybe I should keep it. I had a 1970 Bridgehampton Blue Stingray coupe, 350/300hp, 4 speed, that I owned for about 10 years that I kind of miss. This car is in much nicer condition than that was when I bought it and around the same age as when I bought the 70, but that car had around 175,000 miles on it and I was told it was 75K, until I talked to the original owner. Blue has always been one of my favorite colors from the time I was a kid and had a blue 5 speed Schwinn Stingray.

Shoulda kept the Schiwnn! $$$ today!

[DennisC]

Plenty of the schwinns for sale on Google in blue over $600.00 if your looking Cal55

[Blownrunner]

I went to a Corvette graveyard close to Tampa, FL where there were 300 c4 parts cars on the lot. That would never happen to C1 or C2 cars: they never get parted out, only repaired/restored...