ZR-1 Net Registry Forums  

Go Back   ZR-1 Net Registry Forums > C4 ZR-1 > C4 ZR-1 General Postings

Reply
 
Thread Tools Display Modes
Old 07-01-2011   #11
Kevin
 
Kevin's Avatar
 
Join Date: Jun 2005
Location: pittsburgh
Posts: 4,632
Default Re: There goes the resale value

Quote:
Originally Posted by John Boothby View Post
If you buy these things for resale, you would be better off just buying some art to hang on the wall and look at! These will probably never appreciate like the mid-years. According to the newest Corvette Magazine even the new ZR1's are not collector cars. They built too many. Dealers are now discounting them to get rid of them! Our cars will always have the stigma of hard to find parts. People are just too leary of the parts issue even though for the most part that is just perception. I say, keep them maintained and drive em like you stole them!!
perception is, unfortunately, reality. we do our best but the average person at a car show who can hardly spell zr-1 will say "oh that's one of them there 4 cam cars...ya can't find parts for them" Leave it be that way, I want prices to stay low for more than a few years so i can pick up a few at a low cost
__________________
It's not the car, it's the people - Doug Johnson
90 r/r "KEYS ON" nick named "T.L.B"
Kevin is offline   Reply With Quote
Old 07-01-2011   #12
rhipsher
 
rhipsher's Avatar
 
Join Date: Aug 2008
Location: Houston 90 Red ZR-1
Posts: 2,320
Default Re: There goes the resale value

You know this thread made me think. My 1968 Mustang fully restored is worth more than my ZR-1. But if the day ever came that I could only keep one and had to choose, the mustang would go without a second thought.
rhipsher is offline   Reply With Quote
Old 07-01-2011   #13
jcruz
 
jcruz's Avatar
 
Join Date: Mar 2010
Location: Fort Myers, FL
Posts: 343
Default Re: There goes the resale value

Patience boys...prices will go up. In the meantime, I just picked up 1992 #043. Never in my life would I have ever dreamed that I could own a ZR-1...let own two!
__________________
1992 #043, Aqua/Gray 40k miles
jcruz is offline   Reply With Quote
Old 07-01-2011   #14
jrd1990zr1
 
jrd1990zr1's Avatar
 
Join Date: Dec 2005
Location: Delanson, NY
Posts: 916
Default Re: There goes the resale value

It is just a matter of a little time and a bit better economy. They are going to go up in value.

It wasn't that many years ago you could by a C-3 small block for a couple grand, maybe less. Look where they are now in price.

I think our ZR-1s get a bad rap, but it is the folks like Jerry, Brett and others who are having parts made who really deserve the credit for saving the value of our cars.

My $0.02
__________________

1968 convertible Lemans Blue,
1986 coupe Medium Blue NCRS Top Flight (sold),
1990 ZR1 #2529 Red NCRS Regional and National Top Flight (sold),
1990 ZR1 #2124 Charcoal Metallic NCRS Top Flight 2010 & 2018,
2003 Anniversary Red Convertible (sold)
jrd1990zr1 is offline   Reply With Quote
Old 07-02-2011   #15
cvette98pacecar
 
Join Date: May 2011
Location: Sydney, Australia
Posts: 2,479
Default Re: There goes the resale value

I dont think the Market will ever sky rocket on our ZR1. There is a very small group that truly enjoys these cars and it is not going to get larger. With the C6 Z06 that put out more power, handle better, get twice the fuel economy and have every part still available the market wont grow. Now dont get me wrong When I drive my ZR1 I feel like I am in one of the best Corvettes that was ever built.
cvette98pacecar is offline   Reply With Quote
Old 07-02-2011   #16
Kevin
 
Kevin's Avatar
 
Join Date: Jun 2005
Location: pittsburgh
Posts: 4,632
Default Re: There goes the resale value

Quote:
Originally Posted by cvette98pacecar View Post
I dont think the Market will ever sky rocket on our ZR1. There is a very small group that truly enjoys these cars and it is not going to get larger. With the C6 Z06 that put out more power, handle better, get twice the fuel economy and have every part still available the market wont grow. Now dont get me wrong When I drive my ZR1 I feel like I am in one of the best Corvettes that was ever built.
i didn't know the z06 gets 50 mpg highway

i think the main reason that the value on our zr-1's hasn't jumped up is the ncrs hasn't latched onto them yet...which is just fine by me
__________________
It's not the car, it's the people - Doug Johnson
90 r/r "KEYS ON" nick named "T.L.B"
Kevin is offline   Reply With Quote
Old 07-02-2011   #17
HAWAIIZR-1
 
HAWAIIZR-1's Avatar
 
Join Date: May 2010
Location: Japan
Posts: 3,582
Default Re: There goes the resale value

Speaking of values, the July issue of Corvette Magazine has an article that although nice to see, I'm not sure where their information comes from. I personally don't care about value and want to just enjoy my ZR-1, but if there is some truth to the information it is good to see that the 90MY has jumped in value and mostly because it is the first year and I guess we hit over the 20 year mark?

I'm curious to see what happens over the next 10 to 20 years.
__________________
Craig
"ZR-1 NO KA 'OI"
"ZR-1 ICHIBAN"
1995 #228 Black/Black with Dunn Heads
ZR-1 owner since September 2003
ZR-1 Net Registry Founding Member #0074
NCM Lifetime Member #2048

HAWAIIZR-1 is offline   Reply With Quote
Old 07-02-2011   #18
mike100
 
Join Date: Feb 2011
Location: San Marcos CA
Posts: 1,802
Default Re: There goes the resale value

Well, it's really a matter of having your cake and eating it too. Low mileage, perfect interior, or a 450 hp driver with a few mods and a worn seat bolster?

Maybe I'll be able to pick up a second one someday and drive the uglier one into the ground.

But I have just one and at present, I just need to drive it a couple of times a week.
mike100 is offline   Reply With Quote
Old 07-02-2011   #19
C4Fan
 
Join Date: Oct 2010
Location: Jacksonville, FL
Posts: 24
Default Re: There goes the resale value

The C4 ZR-1 is a special Corvette that speaks to a wonderful period of time in my life. Twenty years later, I am able to afford one. It's the typical collector car cycle. For what it means to me personally, the C4 ZR-1 will always be "valuable". That said, I'm still surprised how little this fact is mentioned; in six years of total production only 6,939 C4 ZR-1s were crafted and that's a good bit less than the 10,594 split-window Coupes of that one single year in 1963!
C4Fan is offline   Reply With Quote
Old 07-03-2011   #20
HIZNHRZ
 
Join Date: Apr 2004
Location: Germantown, MD
Posts: 738
Default Re: There goes the resale value

Quote:
Originally Posted by C4Fan View Post
The C4 ZR-1 is a special Corvette that speaks to a wonderful period of time in my life...
Well said.

As I remember, nobody was talking about how valuable a C2 big block was going to become until it happened. I think what a C2 big block or even the C2 LT1 has in common with a C4 ZR-1 is they were all the hottest, most reveled suck it in, blow it out, go fast machines of their day.

I don't know if our ZR-1's will ever be worth much of anything. I don't really care. I own one because of how I feel when I drive it. My C6 Z06 is a better car, hands down, than every Corvette made before it. In their day the C1, C2, C3, and C6 were all good looking, brutally fast, and great road cars. For me, none of them "speak to a wonderful period of time in my life" like the C4 ZR-1.

This thread makes for interesting reading but there are as many reasons for our ZR-1's to one day be worth plenty as there are reasons for them to be worth little to nothing. A guy smarter than me said it best. "God is great, beer is good, people are crazy."

Last edited by HIZNHRZ; 07-04-2011 at 10:30 AM.
HIZNHRZ is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 03:57 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright ZR-1 Net Registry 2020