Is the ZR-1 going to appreciate in value eventually?

[weneversleep]

I was the one who posted the "C5Z06 owner thinking about a ZR-1". I appreciate all of the feedback I got on that thread.

I'm now in serious looking mode for a nice ZR-1. I actually prefer the 90-93 interiors over the 94-95 sport seats, even though the 94-95 is probably a "better" car, or at least more powerful.

I'm just wondering, as probably most ZR-1 owners (or potential owners) do: will the ZR-1 ever be an appreciating value collectible? I can't see any reason why it wouldn't be, but then there's the school of thought that says that "modern" cars will never appreciate in value.

Anyway, just another discussion thread...

[Kevin]

it's a limited edition mass produced american car... the answer is who cares. I'll be dead by the time it matters. i'll let my nephews fight it out

[Fully Vetted]

Originally Posted by Kevin

it's a limited edition mass produced american car... the answer is who cares. I'll be dead by the time it matters. i'll let my nephews fight it out

Explain that to the '87 GNX guys that are now watching their values go up.

Cars are not investments? I totally disagree. The right cars bought at the right time and at the right price are gold mines.

[Kevin]

Originally Posted by Fully Vetted

Explain that to the '87 GNX guys that are now watching their values go up.

Cars are not investments? I totally disagree. The right cars bought at the right time and at the right price are gold mines.

and for every one car that goes up in value there are thousands that go down. Cars aren't investments.

[Fully Vetted]

Originally Posted by Kevin

and for every one car that goes up in value there are thousands that go down. Cars aren't investments.

I'm not saying ALL cars are investments. That's ridiculous. Almost as ridiculous as saying NO cars are investments.

[vilant]

A better comment would be that there is better investments. Like putting 20-30K in a 7% stock portfolio fund. Also look how many car shows there are on Velocity. There are thriving businesses which just buy and sell collectible cars, and make a lot of money doing it.

[ZONER 95]

Originally Posted by Kevin

and for every one car that goes up in value there are thousands that go down. Cars aren't investments.

You're right...most cars aren't investments...but certain ones are... as history has shown us....

[scottfab]

Originally Posted by ZONER 95

You're right...most cars aren't investments...but certain ones are... as history has shown us....

Precisely correct and might I add succinctly put. Now if I only had a magazine from the future

[Paul Workman]

Originally Posted by Kevin

and for every one car that goes up in value there are thousands that go down. Cars aren't investments.

Yeah...well...I wish I had that 69 SS 396 Chevelle back that I let go for $500. Methinks it was a mistake to let it go!

P.

[scottfab]

Originally Posted by Paul Workman

Yeah...well...I wish I had that 69 SS 396 Chevelle back that I let go for $500. Methinks it was a mistake to let it go!

P.

Yup me too. Had a 66 Chevelle SS w/396 and let it go for $400 so I could buy a new mustang. Now I see them go for a low of $40k and as high as $60k

I've always viewed my ZR-1 as an investment in fun. It's cheaper than laying on a couch blabbing my problems and it sure as hell maintains more value than the run of the mill GM car.
I think I've got my money's worth. In fact I think I'll go out and get some more of my money's worth from my investment today