C4 ZR1 - Value/Investment

[hottrodcrazy]

Hello,

I'm thinking of buying a 1991 ZR1 with about 6k miles. It's got a clean carfax and is in excellent condition, even has original tires. I'm wondering is $25k a good buy for one with that kind of mileage? I've looked around and it seems to be.

Any thoughts are appreciated. Thanks.

[Kevin]

don't buy it as an investment, buy it as a car.

[hottrodcrazy]

I'm trying to determine if it is a good buy at that price, not whether people feel it should be purchased as an investment. So, to clarify my question, is it a good buy at that price, regardless of my reason for purchasing?

[LGAFF]

Market is all over the place....I would say anywhere from 23.5 to 27 is pretty reasonable for a mint well maintained example w/6K miles. Go on autotrader and search comparables

[Fully Vetted]

It kind of depends on what you're going to do with the car. If you are buying it for the originality and are going to drive it sparingly to keep the miles low that's about the ballpark. If you're going to mod it and drive it and not worried about the miles there are much more affordable 30k-60k mile examples for under $20k. If the miles don't matter then why pay for something with super low miles?

[Kevin]

if you are going to drive it factor in $1000 for injector replacement and at least $1500 for tires

[Fully Vetted]

Originally Posted by Kevin

if you are going to drive it factor in $1000 for injector replacement and at least $1500 for tires

Very true. The pre-'93 injectors don't do well with our newer fuel. That's why Kevin is referring to replacing the injectors. While they may be ok now at some point it will have to be addressed. New FI's at FIC are $670 a set plus labor unless you do it yourself which is actually not that difficult. I had mine done since they were in the motor anyway.

On the tires...even if they only have 6k miles on them they are still 22 years old.

[mike100]

Originally Posted by Kevin

if you are going to drive it factor in $1000 for injector replacement and at least $1500 for tires

yes for sure this...

The nickel and dime stuff add up. Dormant car maintenance will be surprisingly high.

[hottrodcrazy]

I've done a good bit of looking and definitely seen higher mileage cars for less money, but with 6k miles I definitely don't intend to drive it often, it would be garaged and only driven a few miles every so often, hence the thoughts of using it as an investment. I would NOT mod it at all. I've seen them with a good bit more miles for about the same price so I feel it's a pretty good price. I'm just hoping it's old enough that at this point it's going to hold its value and increase at some point in the future.

[Kevin]

good luck with that