Re: C4 ZR1 - Value/Investment
 

I certainly don't see values dropping much more than they are. I don't see these cars as being bad investments at all. It would, however, be a shame to buy one and rarely enjoy the purpose for which it was built. That is, to pin your eyeballs to the back glass...

Re: C4 ZR1 - Value/Investment
 

I bought my Steel Blue ZR-1 with 3,200 miles and original tires that disintegrated ( on the way home from installing new fuel injectors) - 2 years ago and paid a similar price. The car was appraised independently for insurance purposes at $34.5k.

I agree with this car being a potential investment long-term, which is also a great car to drive often and hard. The car suffers from sitting, and the more I drive mine, the better it gets. Expect to replace oil lines, all fluids, and weatherstripping too... I have put about $5k into my low mileage car, having done most of the repairs and maintenance with WAZOO.

I now have 8k miles on a showroom new Z that I enjoy driving as much as I can. Choose a rare color combo, or late model 94-95 car if you want the best investment. Definitely drive and see that secondaries open, and put car on a lift before you buy it. Good luck.

Re: C4 ZR1 - Value/Investment
 

You buy that car to just sit on it to make some money youre going to be sittin on it for awhile,Id say maybe 5-7 years at the least.As stated the cars going to need some work if it hast already been done.

Re: C4 ZR1 - Value/Investment
 

Ding Ding Ding.... what he said.

Re: C4 ZR1 - Value/Investment
 

It sounds like we're both on the same page, I've shopped around and tried to find a rarer color, maybe not as rare as your color, but definitely less common than some. And I do expect there will be some maintenance needed regardless that it still looks brand new. I've posed the question of possible issues in the technical section, but thanks for mentioning the oil lines. Fluid and weatherstripping I would have figured on and the oil lines don't surprise me either.

Re: C4 ZR1 - Value/Investment
 

There is no car that has ever been a good investment. If you bought a L88 in 69 for 7k new that money with a modest interest rate would be worth around 800K today. Now I did not figure in the big boom from 1992-1999 when most funds were returning more than 15% on your money in a single year.
In today's market an all original L88 today is worth about 450K.
So here is my opinion. If you are going to mod it buy one with high miles and use the extra money to get the mods done. If you want a garage queen that you can drive occasionally by a 20K mile car. If you want a Museum piece by the 6k mile car.
From my experience I can tell you there is nothing nicer than seeing the owner of an LSV or Z06 yaw drop when you fly by them.

The FBI group has been spanking C5 and C6 for the last couple of years. This year I am hoping to bring my purple beast and see how well she does against the C5 and C6.

Re: C4 ZR1 - Value/Investment
 

"Expect to replace oil lines, all fluids, and weatherstripping too...*"

What do I need to look for regarding the oil lines? Not to hi-jack the thread, but I'm a new owner too, and haven't seen anything about this?

Re: C4 ZR1 - Value/Investment
 

This topic has been beat to death and I'm sure we will have to just agree to disagree but that statement is just not true. You are comparing apples to oranges. There are cars that are good investments. As compared to you're top tier mutual funds, maybe not but why does it have to out perform any stock or mutual fund or any other investment in order for it to be considered a good investment? If you are going to spend some money on a car there are cars to avoid and cars that are good investments when compared to other cars. Are there better ways to invest your retirement money? Of course there is. But that doesn't mean cars are bad investments. That just means there are other better investments. But there are also bad stocks and bad mutual funds.

You're also not taking into account the buyers ability to find a good bargain. Last year I bought a '03 Jeep Wrangler for $7500 before a buddy of mine totalled it. I bought because I knew Jeeps hold there value better than anything else on the road. Period. And they are very easy to work on. Insurance paid me $12,500 for it. All I had in it was a set of $300 bumpers which the insurance company reimbursed me for. It sold new for less than $16k 9 years and 100,000 miles ago. I made $5k in less than a year on that Jeep. And I got to drive it. I'd say I did ok on that investment. And I've done that more than once.

Re: C4 ZR1 - Value/Investment
 

Unless the low mileage Z has been stored outside all it's life, weatherstripping won't be an issue. My 9k mile 95 has very supple rubber everywhere.

Re: C4 ZR1 - Value/Investment
 

There was a thread on one of the local vette boards a few years ago about a barn (condo GARAGE) divorce car - late '80 Aquamarine convertible. NEW, and had sat there with around 2k for 20 years. New owner got it for a song, and spent a small fortune on brakelines, gaslines, interior dust (top was off), etc., etc., ...

I almost paid $26 for a 14k '95 Z. Didn't like the low miles - preferred about 25 - 30k, and found it, for $10k less. Do your homework. Look at 'Sold For' listings on eBay too.

The local (eastern NC) vette market is DRY. Check all your local rags, not just for asking prices, but for absolute quantity. Look at 'Sold For' listings on eBay too.