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

[RiceEatingZR1]

I see both sides of the coin on this one. I think that the value is only in the eye of the person that wants one. The ZR-1 is a piece of art every part of it, from under the hood to the sound of the exhaust. They are made to drive and drive hard and then clean it up to show it off. I personally drive mine, if the value goes up then good, but I don't plan to sell it either.

[Fully Vetted]

Originally Posted by tcz062

Look at it this way. In 1969 they produced over 200,000 Camaro's the avg price was around $3,500 new. The average nice 69 Camaro now is about $25,000.

How much of that $25k is just due to inflation, though. To get the real value increase you have to know what $3500 in 1969 money is worth today.

[scottfab]

Opinions about cars are like round parts of the human anatomy.
We all have them. Some have good parts other have poor parts.
But all of those parts are good investments.


What? That doesn't makes sense.
Exactly.
I deny typing that unless it makes sense then I did.

[Fully Vetted]

Originally Posted by tcz062

Look at it this way. In 1969 they produced over 200,000 Camaro's the avg price was around $3,500 new. The average nice 69 Camaro now is about $25,000.

So, based on my inflation calculator $3500 in 1969 is now worth $21,875. Not far off the current $25,000 price tag. You figure in the 43 years of use and I'd say that you're doing ok on that $3500 investment.

[Paul in SC]

Originally Posted by RiceEatingZR1

I see both sides of the coin on this one. I think that the value is only in the eye of the person that wants one. The ZR-1 is a piece of art every part of it, from under the hood to the sound of the exhaust. They are made to drive and drive hard and then clean it up to show it off. I personally drive mine, if the value goes up then good, but I don't plan to sell it either.

IMHO...
Some cars can definitely prove to be very valuable today relative to their original value. However, it's usually those that were an "investment" in cash at the time as well for the buyer.

We have an '80 with 23,000 miles, all original, top flight, original rims/tires with original 1980 air . Real garage queen/show car. Worth about $18,000 - $20,000 to a collector in better days. Cost of ownership is well over that amount for the years we have had it. BUT, for what it is and how we have enjoyed having it...priceless! Not an investment at all, just pure fun.

Now if we had invested that same money in 1980 in an income generating source ...WOW. Some real value.

Take that $3500 for that Camaro and do the same real investment in 69; living large right now. But you would have been missing all the fun. Now take part of your original invested $3500 and you could buy that car now and still have money left. You would have also saved all the ownership costs from 1969 to 2012.

My thinking:
I am never going to be able to lay out the money for a real investment-type vehicle SO I will enjoy what I can afford for as long as I have it. The dollars at the end don't really mean a thing!!!

[4CAM LT5]

Originally Posted by Paul in SC

My thinking:
I am never going to be able to lay out the money for a real investment-type vehicle SO I will enjoy what I can afford for as long as I have it. The dollars at the end don't really mean a thing!!!

AMEN, brother. Could not have said it better...!!!

[bdw18_123]

Originally Posted by scottfab

Opinions about cars are like round parts of the human anatomy.
We all have them. Some have good parts other have poor parts.
But all of those parts are good investments.


What? That doesn't makes sense.
Exactly.
I deny typing that unless it makes sense then I did.

[tcz062]

Every investment gain is based off of three variables. The ZR1 will no doubt capitalize on two of those, limited supply and inflation. Demand is the 3rd and who knows what will happen. No different than any other investment.