ZR1 Value - ZR-1 Net Registry Forums

mrzzzr1 · 06-21-2007

Are they going up/down/leveled off and staying the same? Any comments.

People ask me about my '90 and I am not sure what to say. I know I want more than I paid for it 7 years ago. It is clean and a show winner, has headers and flowmasters, tire upgrade and a performance chip, 19k miles.

I replace anything and everything as needed.

Bob Howard · 06-22-2007

i would think that its mileage and condition that set the price. Although there are some low sales, due to conditions beyond the control of the seller. I know of a high mileage ZR-1 that has been so well cared for (all new parts, ect), that would be a better deal than lets say a 70K car. Documentation is important also. As for the 1990 model. Due to the number of units produced, prices right now, stable.

Bob

90 ZR-1 # 342
96 LT-1 Vert

tccrab · 06-22-2007

I'm going out on a limb here and I'll probably get blasted but here goes...

Those of our generation who just caught the end of the muscle car era and still covet those marvelous machines are now in their prime income bracket to re-live their miss spent youth by buying and restoring their car of choice.
Very few of those people could afford a ZR1 back in the day, and most don't even consider a 90's era car a "Hot Rod".
Most would consider our Beloved ZR1's an "Exotic" car, on the same level as at Lamborghini or a Testarossa .
Too difficult and too expensive to work on, but yet too rare and expensive to hack up.
Why a restored 67 Camaro or 68 Mustang should sell for $25k is beyond me. They were great cars for their time, but they didn't turn or stop worth a &hit!
Actually, it's not that easy to find a ZR1 that actually needs restoration. I've seen only a few in the last year or so advertized on eBay (like that fugly 93 Ruby with no motor

), or that black one on Craigslist in Colorado a few weeks ago.
It would actually cost more to restore a badly treated ZR1 than to buy one in good shape.

Perhaps some day our ZR1s will elevate to the status of a L88 or an early 60's Z06, but it won't be anytime soon. The rapidly rising cost of gasoline and more and more prohibitive smog laws will see to that.

kmckiou · 06-22-2007

Quote:

Originally Posted by tccrab

I'm going out on a limb here and I'll probably get blasted but here goes...
Why a restored 67 Camaro or 68 Mustang should sell for $25k is beyond me. They were great cars for their time, but they didn't turn or stop worth a &hit!

It's all about emotional connection and fanatical value placed on "correctness". This sort of thing could collapse, except that we are humans and humans feel good when they are doing what others desire to do. It feeds on itself until the money dries up...ever hear of the Tulip panic? It goes on in the stock market year after year. The market goes up until the last buyer has bought, then it goes down until the last seller has sold. What we need to do is stop selling our ZR1s like they have little emotional desireability or value as a rare automobile. They marked a turning point in the Corvette history. They should be treated and sold as such. Maybe we need to evangelize a bit.

Z Factor · 06-22-2007

A very subjective question. So much depends on the year, miles, condition, and even color to give a definitive answer.

However without being personally familiar with your 1990, I'd be surprised if you could sell it for more today than you paid for it 7 years ago unless you got a great deal on it. I say that for several reasons. First and foremost the used car market in general is not doing well which puts a drag on all cars including ours. Secondly our ZR-1's have not hit the stage (age wise) like the other ones C1-C3's, nor have they become rare enough to dramatically drive up the price.

So in answer to your question, I'd say prices have leveled off with a few exceptions in either direction.

06-21-2007	#1
mrzzzr1 Join Date: Jun 2004 Location: Mi Posts: 57	ZR1 Value Are they going up/down/leveled off and staying the same? Any comments. People ask me about my '90 and I am not sure what to say. I know I want more than I paid for it 7 years ago. It is clean and a show winner, has headers and flowmasters, tire upgrade and a performance chip, 19k miles. I replace anything and everything as needed. __________________ 1990 Red on Red vin #2433

06-22-2007	#2
Bob Howard Join Date: May 2007 Location: Yorkville, IL Posts: 22	Re: ZR1 Value i would think that its mileage and condition that set the price. Although there are some low sales, due to conditions beyond the control of the seller. I know of a high mileage ZR-1 that has been so well cared for (all new parts, ect), that would be a better deal than lets say a 70K car. Documentation is important also. As for the 1990 model. Due to the number of units produced, prices right now, stable. Bob 90 ZR-1 # 342 96 LT-1 Vert

06-22-2007	#3
tccrab Join Date: Oct 2004 Location: Folsom CA Posts: 1,658	Re: ZR1 Value I'm going out on a limb here and I'll probably get blasted but here goes... Those of our generation who just caught the end of the muscle car era and still covet those marvelous machines are now in their prime income bracket to re-live their miss spent youth by buying and restoring their car of choice. Very few of those people could afford a ZR1 back in the day, and most don't even consider a 90's era car a "Hot Rod". Most would consider our Beloved ZR1's an "Exotic" car, on the same level as at Lamborghini or a Testarossa . Too difficult and too expensive to work on, but yet too rare and expensive to hack up. Why a restored 67 Camaro or 68 Mustang should sell for $25k is beyond me. They were great cars for their time, but they didn't turn or stop worth a &hit! Actually, it's not that easy to find a ZR1 that actually needs restoration. I've seen only a few in the last year or so advertized on eBay (like that fugly 93 Ruby with no motor), or that black one on Craigslist in Colorado a few weeks ago. It would actually cost more to restore a badly treated ZR1 than to buy one in good shape. Perhaps some day our ZR1s will elevate to the status of a L88 or an early 60's Z06, but it won't be anytime soon. The rapidly rising cost of gasoline and more and more prohibitive smog laws will see to that. __________________ TomC '90ZR1 #792 Honorary Pirate [B]If it ain't FUN, you're doing something terribly WRONG. [/B]

06-22-2007	#5
Z Factor Join Date: Dec 2003 Location: S. Florida Posts: 2,649	Re: ZR1 Value A very subjective question. So much depends on the year, miles, condition, and even color to give a definitive answer. However without being personally familiar with your 1990, I'd be surprised if you could sell it for more today than you paid for it 7 years ago unless you got a great deal on it. I say that for several reasons. First and foremost the used car market in general is not doing well which puts a drag on all cars including ours. Secondly our ZR-1's have not hit the stage (age wise) like the other ones C1-C3's, nor have they become rare enough to dramatically drive up the price. So in answer to your question, I'd say prices have leveled off with a few exceptions in either direction.