ZR-1's at Mecum Monterey

[Fully Vetted]

Originally Posted by John Boothby

You ever look at NADA? Current values are: Low Retail $13,725; Avg $21,875 and High Retail $33,250. These are for a 1990.

So, where do they come up with these numbers, if not from the market?

Auctions are quirky.

I would not let my 90 with 79k on the od go for less than $20K with all the extras. It has been driven and well taken care of. Everything is working.

Technically, NADA doesn't set the market. It's the other way around. The market is whatever people will pay. And right now they're just not willing to pay. When looking at auction prices I always throw out the highest and the lowest. Too many variables are involved. Was it late in the day with no reserve? Was the car a perfect example with 0 miles and a storied history and 2 people let their emotions get the best of them? Who knows. Take the middle grouping and there's your market.

[John Boothby]

I understand what the market is. I spent 30 years appraising real estate here in Southern Nevada. I did not mean that NADA set the market, I ment that they get their numbers from the market. In real estate, we look at "arms length" transactions. ie: willing seller, knowledgable buyer, motivation, exposure to the market for a reasonable period of time, etc etc.

There also seems to be more supply than demand.

[WARP TEN]

Originally Posted by XfireZ51

Just drive the damn thing and have fun. All of this strongly suggests you mod the car to your liking and enjoy. Stock, the ZR is a great car. Add another
120-150rwhp to it, and its just a blast while being competitive with 95% of the new stuff for 1/3 of the cost. Not to mention you don't see one every day.

I certainly agree also with Dom. You can get a surprisingly cheap ZR-1 and with a few thousand in service make it just like a new car. I chose a different route--decided that for my second ZR-1 I wanted a low mileage late production 95, paid up for it, then had Marc Haibeck work his magic with the 510 HP package (paid dearly for that but worth every penny). So you can get a $13,000 ZR-1 and have a great time with it. On the other end, if I sold mine at say, $42k, I would lose a ton of dough but someone would get one of the last 40 produced, a low mileage stock car with very special modifications done by the world's premier ZR-1 specialist at half cost plus all the original parts to put back for NCRS judging. So which ever way you want to go--just drive the heck out of it and enjoy what we call the "Permagrin". --Bob

[FU]

Great post Bob

[tpr60]

Saw that 91 with 18k miles yesterday at the auction, nice car, thought it didn't sell at $18,500 because of a higher reserve. I've got a red/red 64k miles 90 I want $20k for with all the usual things already fixed, an all I get is low ball offers. Go figure??

[PhillipsLT5]

From what I read, all C4 prices are depressed due to lack of parts, just drive em with permagrin & ENJOY, mine at 76K still runs GREAT but not worth much except enjoyment