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#11 |
![]() Join Date: Jun 2013
Location: PA
Posts: 879
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#12 |
![]() Join Date: Jul 2013
Location: Atlanta
Posts: 451
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The C4 is the bastard of the Corvette line and while the ZR-1 may be Jon Snow, it's still the bastard. Not to the folks here, but to the rest of the Corvette world, yeah pretty much. And I'm ok with that because I absolutely love the C4 style, clean almost European lines, and the LT5 is awesome. I do think the value will go up, but probably won't hit a rocket ride and probably not for a few years yet.
If I were to sell my car right now and I wanted it to really sell (not sit on the market forever), I'd probably price it at 17k and might have to take less. That's just reality. And that's for a sorted, reliable, every day driver ZR-1 that still looks good. Not ideal, but that's what 99% of cars do. Hitting one that jumps in value is rare - I've got one of them, but I've also had 40+ other cars that didn't.
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Mark '90 ZR-1 #1322 Daily Driver, 64k and counting Black/Gray [IMG]http://i208.photobucket.com/albums/bb49/mlitherland/IMG_0326_zps3d50d8cb.jpg[/IMG] Last edited by 8cam; 06-26-2016 at 11:14 AM. |
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#13 |
![]() Join Date: Nov 2014
Location: Brooklyn ny
Posts: 1,045
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Interesting question would be if they do shoot up in value where would they be?
An average price for a good horsepower C3 I would say varies from 20-30K....Lets forget about the L-88 and the tri powers.... Average new price of a C3 way back I think was in the range of 5-6K...... So it's safe to say you can get maybe 3-5 times back your initial investment if you bought it new...... My 91 Z stickered at 65K.........Do I really really think twenty or so years from now my car will follow the same trend? No way.... I think what the previous posts were getting at is the fact that if you are maybe the fourth or fifth owner of the Z your investment should stay where it's at if taken care of, or maybe even go up slightly.... |
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#14 |
![]() ![]() Join Date: Nov 2007
Location: Squires (near Ava MO in the Mark Twain N'tl Forest) - Missouri
Posts: 6,493
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First: I don't give a ratz azz about resale value; I'll keep it "forever".
Second: the tide of negative perception is formed by exaggeration of some issues, and the fatuous blather of those ignorant (and just plain jealous) "experts", may(?) affect the resale value. But, the truth of its performance and its iconic contribution to (Corvette) and its uniqueness is NOT diminished. (Ask anyone that gets behind the wheel, or has done some simple modifications.) And, something else: I've noticed that several credit agencies no longer will finance an "older" car (cars older than 7 years). There are exceptions, but I have to wonder just how much this affects the size of the market. Not everyone that wants a ZR-1 can plunk down $30 to 50k for what a nice Z might be worth. They might be able to do a second mortgage or home improvement loan (or whatever) as a bridge loan. But, the economy has put a great deal of downward pressure on discretionary spending, for sure!! ![]() ![]() I summarize it this way... (My) Pros:
some Cons (I admit) are:
So, as I see it, there is a rift between market pricing and the car's true worth in all things not related to price. IMO, they ARE steal !!
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Good carz, good food, good friendz = the best of timez! 90 #1202 "FBI" top end ported & relieved Cam timing by "Pete the Greek" Sans secondaries Chip & dyno tuning by Haibeck Automotive SW headers, X-pipe, MF muffs Former Secretary, ZR-1 Net Registry |
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#15 | |
![]() Join Date: Nov 2013
Location: ..
Posts: 693
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I have to agree with you 8cam. I have had 7 Corvettes and I have owned c3's,c4 and c5. Generally the c2 is considered the best looking, then the c3, c5, etc.. the c4 was a huge change in styling geared toward aerodynamics and functionality. When I was younger I found them to be a bit boring and the least appealing. When I drove one it was far better than any c3 and handled better then my c5 also. I drove in a friends c2 and it felt like a dump truck with thin tires and lousy suspension. I have another friend who has a c1, c2 c6 and he routinely says his c1 rides just like a dump truck. Over time I have come to appreciate the style of the c4 and why it has to look this way. It is the first generation that put the corvette on the map world wide with a base model car reaching speeds of 150mph because of body style refinements and higher technology of the engine systems. When the Zr-1 came out its wider rear quarters along with the huge tires gave it just right look and is way more appealing than regular c4 cars. I personally feel that it is a tight little aerodynamic hotrod that not only is relevant with todays modern performance but takes you back in time as a 26 year old classic. It does definitely have an aggressive look and the zr-1 moniker demands respect in any generation. It is the best Corvette I have owned when taking into account rarity, looks, innovation and performance and exclusivity which is why I am lucky to see another zr1 at any gathering. I felt like I had a very nice c5 but in a sea of c5 cookie cutter cars, my beautiful black on black supercharged etc.. just did not attract any attention. Look at the auctions and you will see 150k cars less than 10 years ago selling for 20k. Only lucky dudes who bought l88's and had so much money that they can just sit for 45 years or very astute collector car dealers who find them relatively cheap and resell for millions are the only ones making a living off these cars. I wish I would have kept my fully restored big block c3 71 show winning corvette but I sold it for 16k. I could have got 36k today for that same car that I sold in 1998. Enjoy your zr1 and dont speculate about prices. Life is short and over before you know it. enjoy it. ed ramos #3028 ![]()
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EDRAM454 1990 #3028..siamese ported plen/hous/SGC/fidanza/DRM LTHeaders/DRM roll cage/camber rod/drilled slot rotors hawk track pads/grand sport calipers/full corsa exhaust/Hurst/NO cats/custom SGC chip/cbeamplate/315's on all 4/intake water plugged/smog removed..RC injectors/LED lights..SHOULD NOT HAVE PUT ALL THE MONEY IN IT.. SOLD. |
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#16 |
Join Date: May 2016
Location: The Woodlands, TX
Posts: 48
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Not going to comment on the valuation side of things but I can tell you that all the track miles I have in my old C5Z and the few back road miles in my C4Z that the C5Z out handles it bar none. And my newer C6ZR1 out handles it and the C5Z. The C4 did not pull close to or way over 1.0g in stock form on the skid pad. And before someone says it I do not consider .90 - .92 as being close. A set of tires will not do it. Plus the light weight of the C5Z made it easier to acheive those numbers. My C4Z does not feel light and nimble like that. Still love my car for what it is and what it was.
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1993 #330 White/Red 2012 #172 Centennial |
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#17 | ||||
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Location: PA
Posts: 879
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#18 |
![]() Join Date: Nov 2014
Location: Brooklyn ny
Posts: 1,045
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What year ZR1 sold for 22,000 at Barrett Jackson? Did they say how many miles? Stick or modded? Color?
I tuned in a little over the weekend and if I saw one more Porshe pass the block I was going to switch to the smithsonian channel...I'm like ee nuff already.... Listen 22K is a lot better than that white 91 selling for 12.5k at Mecum weeks ago ... Another thing, if the car wasn't originally priced at 60-70 K we would not be having these discussions about value .... From what I hear some used C7s I think can be had for the high 40s now.... |
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#19 |
![]() Join Date: Sep 2012
Location: Rockwall, Tx
Posts: 1,510
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You need to add in the bidders fee at the auction. Having bought at Mecums before I promise you the bidder was. Also, you're assuming PP sales would be less than the auction because of th auction hype. You can't do that. Especially at BJ because it's a no reserve auction. If that car happens to go thru at a bad time it's going to sell no matter what. You can't then say well that must be what the market is. You've got to figure in known PP sales. I have a buddy who has a classic car dealership and he has sold 2 Z's in the last couple of months. One went for $34k and the other almost $40k. And he has another one on his showroom floor that will probably sell for over $40k based on his other sales. You're putting too much focus on what happens at BJ. While it is a contributing factor the auction can create a deflated price the same as it can an inflated one.
Sent from my iPhone using ZR-1 Net Registry
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_________________ 1994 AB/Grey #141 430 RWHP/392 RWTQ FBI Lyposuction / Secondaries relieved of duty / SW Long Tube Headers / Corsa Exhaust / FIC SS Injectors / MSD Coils / Lightweight Pulleys / Corey tuned B & M Shifter / Aluminum Flywheel / Samco Hoses / Shelby Series One's / C4 No Flex Frame Stiffener BBC - Bling By Carter: Custom ZR-1 Center Caps / Custom Plenum Plate / Air Box Knobs / TB Cover / Oil Filter Cover |
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#20 | |
![]() Join Date: Dec 2003
Location: Arcadia,OK
Posts: 3,385
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I had a friend that sold a 63 SW Fuelie through BJ. He bought BJ prime time slot during TV coverage for big bucks. Auction running behind, missed not only prime time but continued to sell all that was scheduled for that day. By the time his car sold, late at night, most of the bidders had already gone. Didn't get squat for his car. Just another reason to not consider BJ auction hammer price as the gospel for value. BTW, no refund on cost for prime time paid for but missed.
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Jerry Downey JERRYS LT5 GASKETS & PARTS http://www.jerrysgaskets.com 1994 ZR-1, Black/Black, Lingenfelter Aerobody, 416cu in, 3.91 gears, coil-over susp, Brembo brakes, etc. 2016 Black-Red, 3LT-Z51 Auto 8-speed. |
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