Rather interesting>>> - ZR-1 Net Registry Forums

ZR1Vette · 05-21-2009

http://www.hagerty.com/lifestyle/hob....aspx?id=42674

Comments anyone?

secondchance · 05-21-2009

It is my opinion that under current economic situation, value of any kind of collectibles are bound to nose dive.
Furthermore, based on what I have witnessed back in mid 70s to early 80s, we are once again heading into lean years in terms of performance. Will this have positive effect on high performance cars like our ZR-1s?
Way I see it, if the price of gasoline stay depressed, yes.
However, I have a feeling price of gasoline will once again sky rocket with economic recovery.
I hate to say this but value of ZR-1s probably will stay down for a few years and until the next boom. For an example look at historic value of muscle cars such as Cudas, Chevelles, etc...
I my mind, all this is irellevant. Most of us bought our car because we appreciated it's engineering and performance. If we were concerned about investment we would have spent our money on stocks and would be crying our eyes out since last fall.
Car lovers look at value of my car as an indicator of how other car lovers appreciate and desire a particular model. Regardless of market, I personally view purchase of a car as a true investment in a sense that I am investing in fulfilling my desire and nothing else.
Perhaps, that is why all the cars I have owned (my personal cars) was and is my daily driver.
Don't misunderstand, I understand and appreciate those who purchase and store collectible cars. At times, I have a desire to do the same - keeping the car looking exactly or better than the day it was delivered.
I am a weak one for desire to enjoy it has always overcome the desire to keep it looking showroom new. That is why I stay away from 95 ZR-1. I would feel guilty if I had a 95 and turned it into a daily driver. I will stay out and let the keepers of flame a better chance of keeping 90s and 95s alive in musem condition.

Just a crazy thought...

QB93Z · 05-22-2009

SC, I am with you 100%. Well said.

Jim

tccrab · 05-22-2009

Lean times are always murder to "non-essiental" items like our ZR1's. Remember back in the 70's when the Gas Crisis hit?
You could buy a big block Dodge or Chevy for pennies.
Back around '85 I bought a completely stock '68 RT Charger 440 Magnum for $1500.
It was a driver, paint was rough and it needed a little work.
I sold it a few years later for $6k and was actually quite proud of myself.
In 2007 the very same car in the same condition would have traded for $20-40k. Go figure.

Give 'em a few years, they will come around, just like the big block C2's & C3's.
There will always be "Time Capsule" cars that were bought by people with the resources to put them away and never enjoy them. Those cars will bring top dollar. But what use is a car that was never enjoyed?
Our cars will still be someday be worth nearly as much as the garage queens, and they will have been ENJOYED.
So what if a "0" miler goes for $$$$$ and one of ours goes for $$$$?
Those "Smiles Per Mile" would be worth every freaking penny.
In the mean time, lets "Drive 'em Like We Stole 'em"!
It makes absolutely no sense to "Save Them For The Next Guy".

Remeber.....
He who dies with the most toys is still dead.
Can't take 'em with you.
Enjoy every second like it's your last.

TomC
"Crabs"

bdw18_123 · 05-22-2009

Quote:

Originally Posted by tccrab

Lean times are always murder to "non-essiental" items like our ZR1's. Remember back in the 70's when the Gas Crisis hit?
You could buy a big block Dodge or Chevy for pennies.
Back around '85 I bought a completely stock '68 RT Charger 440 Magnum for $1500.
It was a driver, paint was rough and it needed a little work.
I sold it a few years later for $6k and was actually quite proud of myself.
In 2007 the very same car in the same condition would have traded for $20-40k. Go figure.

Give 'em a few years, they will come around, just like the big block C2's & C3's.
There will always be "Time Capsule" cars that were bought by people with the resources to put them away and never enjoy them. Those cars will bring top dollar. But what use is a car that was never enjoyed?
Our cars will still be someday be worth nearly as much as the garage queens, and they will have been ENJOYED.
So what if a "0" miler goes for $$$$$ and one of ours goes for $$$$?
Those "Smiles Per Mile" would be worth every freaking penny.
In the mean time, lets "Drive 'em Like We Stole 'em"!
It makes absolutely no sense to "Save Them For The Next Guy".

Remeber.....
He who dies with the most toys is still dead.
Can't take 'em with you.
Enjoy every second like it's your last.

TomC
"Crabs"

Well said!

"Enjoy every second like it's your last." Very good quote to live by!

tomtom72 · 05-22-2009

My two cents......I agree with TC and SC.

I got my Z because it was the most corvette that I could buy with my budget, and I want to drive it because it's a gas to drive. That's how I get my return on my cash spent on the car.

FWIW I do feel guilty when I wash her & see all the road rash that I caused.

I get depressed a bit till I'm back behind the wheel again....from the driver's seat I can't see the rash in the paint, only the nicks in the windshield...and even they disappear when I start doing road work...

all in all, it would seem from that graph that muscle cars were not as bad off as stocks over the same time frame? Ya can't play with a stock certificate

Jason 91 · 05-23-2009

Very interesting information -- thanks for posting!

Tomtom, I'm with you in terms of enjoying the car as much as I can and being frustrated at how hard it is to keep it looking brand new.

The thing that surprised me were the prices on the 1991's. Of course, these are probably show cars that we are talking about, but still.

I will continue to enjoy mine as much as I can given work schedules and travel and be happy that I've had the opportunity to.

secondchance · 05-23-2009

As I have posted on earlier thread, upcoming CAFE and emission standard will put a stop to further development and production of high performance cars such as new Camaros and Challengers. Even performance of Corvettes may suffer for a few years as car makers struggle to meet new standards and maintain politically correct image.
On the positive side, this situation may reawaken awareness of pre-new regulation era high performance car. We all saw legend and myth over pre 1972 cars such as Hemi Cudas, big block Chevelles, etc...
Who knows, another 5 years and ZR-1s (certainly including C6 ZR1s) and ZO6s may be a thing of legend.

tomtom72 · 05-25-2009

I hear ya also, Jason and I agree. Since it was my cash that bought the car, I'm the one that's going to use it up!

I know that sounds like I might not care about the car, but I do very much care about it...really, it's just that I get my "pleasure/fun of ownership" from using it as much as I can. And Lee, that's the word I was looking for...."Patina".....thanks!

I'm gonna use that the next time I get the "If this is a rare vette?...how come you use it!?!"...I get a laugh out of statements/questions like that one! I think to myself, what good is having a ZR-1(as in I only have one ZR-1!) if you/I leave it in the garage all the time??

Hey SC, thanks for reminding me of those "clear bras"...I completely forgot! Maybe some day, maybe some day.....I'll have to put the paint work back on the list....after the headers, P & P, et al....

secondchance · 05-25-2009

Tomtom,

Given a choice between waxing and driving, I always elect to wax and then drive. I noticed a significant increase in top speed due to reduced friction and energy stored in sunlight boosting forward momentum.

05-21-2009	#1
ZR1Vette Join Date: Dec 2007 Location: Reston, Virginia Posts: 939	Rather interesting>>> http://www.hagerty.com/lifestyle/hob....aspx?id=42674 Comments anyone? __________________ Michael :cheers: [I][SIZE="2"]1990 RED on RED #566[/SIZE][/I] [I][SIZE="2"]WAZOO MEMBER[/I][/SIZE]

05-21-2009	#2
secondchance Join Date: Aug 2006 Location: McLean, VA Posts: 3,723	Re: Rather interesting>>> It is my opinion that under current economic situation, value of any kind of collectibles are bound to nose dive. Furthermore, based on what I have witnessed back in mid 70s to early 80s, we are once again heading into lean years in terms of performance. Will this have positive effect on high performance cars like our ZR-1s? Way I see it, if the price of gasoline stay depressed, yes. However, I have a feeling price of gasoline will once again sky rocket with economic recovery. I hate to say this but value of ZR-1s probably will stay down for a few years and until the next boom. For an example look at historic value of muscle cars such as Cudas, Chevelles, etc... I my mind, all this is irellevant. Most of us bought our car because we appreciated it's engineering and performance. If we were concerned about investment we would have spent our money on stocks and would be crying our eyes out since last fall. Car lovers look at value of my car as an indicator of how other car lovers appreciate and desire a particular model. Regardless of market, I personally view purchase of a car as a true investment in a sense that I am investing in fulfilling my desire and nothing else. Perhaps, that is why all the cars I have owned (my personal cars) was and is my daily driver. Don't misunderstand, I understand and appreciate those who purchase and store collectible cars. At times, I have a desire to do the same - keeping the car looking exactly or better than the day it was delivered. I am a weak one for desire to enjoy it has always overcome the desire to keep it looking showroom new. That is why I stay away from 95 ZR-1. I would feel guilty if I had a 95 and turned it into a daily driver. I will stay out and let the keepers of flame a better chance of keeping 90s and 95s alive in musem condition. Just a crazy thought...

05-22-2009	#3
QB93Z Join Date: May 2007 Location: Westminster, Maryland Posts: 3,689	Re: Rather interesting>>> SC, I am with you 100%. Well said. Jim __________________ If it isn't fun, you aren't doing it right! 1990 Black ZR-1 - sold 1993 Quasar Blue ZR-1 1994 Competition Yellow ZR-1 1995 Dark Purple ZR-1 Maryland State Coordinator WAZOO Member

05-22-2009	#4
tccrab Join Date: Oct 2004 Location: Folsom CA Posts: 1,654	Re: Rather interesting>>> Lean times are always murder to "non-essiental" items like our ZR1's. Remember back in the 70's when the Gas Crisis hit? You could buy a big block Dodge or Chevy for pennies. Back around '85 I bought a completely stock '68 RT Charger 440 Magnum for $1500. It was a driver, paint was rough and it needed a little work. I sold it a few years later for $6k and was actually quite proud of myself. In 2007 the very same car in the same condition would have traded for $20-40k. Go figure. Give 'em a few years, they will come around, just like the big block C2's & C3's. There will always be "Time Capsule" cars that were bought by people with the resources to put them away and never enjoy them. Those cars will bring top dollar. But what use is a car that was never enjoyed? Our cars will still be someday be worth nearly as much as the garage queens, and they will have been ENJOYED. So what if a "0" miler goes for $$$$$ and one of ours goes for $$$$? Those "Smiles Per Mile" would be worth every freaking penny. In the mean time, lets "Drive 'em Like We Stole 'em"! It makes absolutely no sense to "Save Them For The Next Guy". Remeber..... He who dies with the most toys is still dead. Can't take 'em with you. Enjoy every second like it's your last. TomC "Crabs" __________________ TomC '90ZR1 #792 Honorary Pirate [B]If it ain't FUN, you're doing something terribly WRONG. [/B]

05-22-2009	#6
tomtom72 Join Date: Dec 2004 Location: Jacksonville, FL USA Posts: 4,645	Re: Rather interesting>>> My two cents......I agree with TC and SC. I got my Z because it was the most corvette that I could buy with my budget, and I want to drive it because it's a gas to drive. That's how I get my return on my cash spent on the car. FWIW I do feel guilty when I wash her & see all the road rash that I caused. I get depressed a bit till I'm back behind the wheel again....from the driver's seat I can't see the rash in the paint, only the nicks in the windshield...and even they disappear when I start doing road work... all in all, it would seem from that graph that muscle cars were not as bad off as stocks over the same time frame? Ya can't play with a stock certificate __________________ 1990 ZR-1, Black/grey, #2233, stock. ZR-1 Net Reg Founding Member #316 & NCM member

05-23-2009	#7
Jason 91 Join Date: Mar 2006 Location: Denver, CO Posts: 124	Re: Rather interesting>>> Very interesting information -- thanks for posting! Tomtom, I'm with you in terms of enjoying the car as much as I can and being frustrated at how hard it is to keep it looking brand new. The thing that surprised me were the prices on the 1991's. Of course, these are probably show cars that we are talking about, but still. I will continue to enjoy mine as much as I can given work schedules and travel and be happy that I've had the opportunity to. __________________ 1991 Quasar Blue ZR-1

05-23-2009	#8
secondchance Join Date: Aug 2006 Location: McLean, VA Posts: 3,723	Re: Rather interesting>>> As I have posted on earlier thread, upcoming CAFE and emission standard will put a stop to further development and production of high performance cars such as new Camaros and Challengers. Even performance of Corvettes may suffer for a few years as car makers struggle to meet new standards and maintain politically correct image. On the positive side, this situation may reawaken awareness of pre-new regulation era high performance car. We all saw legend and myth over pre 1972 cars such as Hemi Cudas, big block Chevelles, etc... Who knows, another 5 years and ZR-1s (certainly including C6 ZR1s) and ZO6s may be a thing of legend.

05-25-2009	#9
tomtom72 Join Date: Dec 2004 Location: Jacksonville, FL USA Posts: 4,645	Re: Rather interesting>>> I hear ya also, Jason and I agree. Since it was my cash that bought the car, I'm the one that's going to use it up! I know that sounds like I might not care about the car, but I do very much care about it...really, it's just that I get my "pleasure/fun of ownership" from using it as much as I can. And Lee, that's the word I was looking for...."Patina".....thanks! I'm gonna use that the next time I get the "If this is a rare vette?...how come you use it!?!"...I get a laugh out of statements/questions like that one! I think to myself, what good is having a ZR-1(as in I only have one ZR-1!) if you/I leave it in the garage all the time?? Hey SC, thanks for reminding me of those "clear bras"...I completely forgot! Maybe some day, maybe some day.....I'll have to put the paint work back on the list....after the headers, P & P, et al.... __________________ 1990 ZR-1, Black/grey, #2233, stock. ZR-1 Net Reg Founding Member #316 & NCM member

05-25-2009	#10
secondchance Join Date: Aug 2006 Location: McLean, VA Posts: 3,723	Re: Rather interesting>>> Tomtom, Given a choice between waxing and driving, I always elect to wax and then drive. I noticed a significant increase in top speed due to reduced friction and energy stored in sunlight boosting forward momentum.

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