Is it me or ZR-1 is now gaining value?

[spork2367]

Originally Posted by Livin' in the 80's

At this point who cares if the ZR1 increases in value. Did you buy your Z to have fun with it or to make money? It is an unbelievable super car for the money that no one really knows about. Own it for life and pass it on when you can no longer get in and out of it. Let the next generation make it worth more money. I will enjoy my 90 with under 23k miles for years.

I'm fine with them being grossly under valued. I hope it continues. I'd like 2 or 3 more cars.

Originally Posted by DRM500RUBYZR-1

A more accurate statement would be," ZR-1 prices observed on one or more auction sites have seen a mild downturn. However, there have been too few sales through these venues to draw a firm market wide conclusion."


Marty

Definitely a mild downturn right now. And that's been pretty consistent through the entire collector car market due to uncertainty in the financial markets. I don't know if I'd say there have been too few sales, there have been dozens through auction sites and live auctions in the last year.

Places like BAT and Ebay are much better gages than people want to admit. Unlike live auctions, they take place over a span of time that is long enough to make a wise decision, do research, etc. Not that someone still can't impulse buy through there, but they can impulse buy at a dealer and or be pressured to make a bad purchase.

Not only that, but BAT has VERY good visibility. Better than any dealer or private party sale on the planet. Every ZR1 that has come up on there has been posted over here. Which means the Z community has seen all of those.

If they were selling unusually high, I'd admit that the possibility existed that people got caught up in the auction mentality. When they are all selling in the same price range based on year, mileage, and condition, and it's low, I'd say that's a VERY good indicator of the market.

[shawn8492]

I did a quick search and hit three big sites. These are the cheapest Z's for sale on those sites.
1991 - $15395 – 71k miles - Car Gurus
1991 $16900 – 62k miles – CarsforSale.com
1991 - $16900 – 83k miles – Classic Auto Trader

Just an fyi

[spork2367]

1990 - $8999 - 135k miles - craigslist (and I think the other forum)

[shawn8492]

Originally Posted by spork2367

1990 - $8999 - 135k miles - craigslist (and I think the other forum)

Keep those coming, I would like to add a cheaper high mileage one to beat on lol.

[spork2367]

1990 – $20k – 38.5k miles –craigslist (White/Red)
1993 - $31k – 9.6k miles –craigslist (2 owner)
1990 - $17k – 57k miles –craigslist
1991 - $17k – 66k miles –craigslist (White/Red)
1994 - $30k - 47k miles –craigslist (Admiral Blue/Black)
1990 - $21k - 29k miles -craigslist
1994 - $32.5k - 21.5k miles -craigslist
1990 - $21k - 29k miles -craigslist
1991 - $33k - 17.5k miles –craigslist (1 owner Turquois Metallic)
1990 - $16.5k - 95k miles -craigslist
1991 - $24k - 41k miles –craigslist (1 owner Dark Red Metallic)
1990 - $23.5k - 59k miles -craigslist
1992 - $19k - 69k miles –craigslist (Yellow/Black)
1994 - $28k - 35k miles -craigslist
1990 - $21k - ?? miles –craigslist (Haibeck 511hp, Bill’s Tranny)
1995 - $32k - 20.5k miles –craigslist (White/Red)
1991 - $24k - 41k miles –craigslist (1 owner)
1990 - $16k - 32.5k miles –craigslist (Canadian Market Car)
1991 - $22k - 43k miles -craigslist

[lfalzarano]

U must be retired?


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[spork2367]

Originally Posted by lfalzarano

U must be retired?


Sent from my iPhone using ZR-1 Net Registry

A manufacturing engineer who is good with computers and data analysis. I'm 34 years old. Wish I was retired...lol.

[lfalzarano]

Then get back to work, because your company tracks wherever you go, unless you are working at [emoji536]


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[spork2367]

Looked these up last night:


1990 – $35k – 5.2k miles – eBay – buy it now (Dark Red Metallic 2 owner)
1994 – $28.5k - 22k miles – eBay – buy it now
1991 – $20k - 43k miles – eBay – buy it now
1991 – $33k – 7.6k miles – eBay – buy it now (dealer)
1991 – $27k – 6.5k miles – eBay – buy it now (White/Black)
1991 – $30k – 16.5k miles – eBay – buy it now (dealer)
1993 – $27k - 50k miles – eBay – classified (dealer Ruby Red Metallic)
1991 – $39k - 855 miles - eBay – classified (dealer White/Red)
1993 – $50k – 7.7k miles – eBay – buy it now (dealer Yellow/White)
1990 – $23k – 72.5k miles - eBay – classified (dealer)
1991 – $26k – 52.5k miles - eBay – classified
1992 – $24k - 33k miles - eBay – classified (dealer)
1990 – $28.5k - 43k miles - eBay – classified (dealer)
1992 – $24.5k – 57k miles - eBay – classified (dealer)
1990 – $34k – 4.1k miles - eBay – classified (dealer)
1990 – $21k - 33k miles - eBay – classified (dealer)
1990 – $32k - 15k miles - eBay – classified (dealer Dark Red Metallic)
1990 – $27k - 47k miles - eBay – classified (dealer)
1991 – $30k - 16k miles - eBay – classified (dealer)

[shawn8492]

I am not seeing a lot of cars under $20,000.
That was the price Where I wanted to be. Looking now I am not sure I could find one again for that money and miles.
I gave 17100 for my car in June with 41k miles I believe. There is a 30 minute youtube video of my car made by The Chevy Dude to show condition.
I bought now because I feel they have bottomed out. No hard evidence other than I look at Corvette prices daily because I flip a couple each year to support my habit.
I don't feelike I got a smokin deal on my Z but I don't think I got hurt on it either.
I usually buy the very cheap C4s and flip them. I have an 88 vert and an 86 vert that I will sell soon.

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