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Corvette
General Corvette Discussion
Thoughts on "collect-ability" ?
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<blockquote data-quote="EJChevy" data-source="post: 183702" data-attributes="member: 3417"><p>Chiming in, my opinion continues the trend of, "Not going to happen."</p><p></p><p>Looking at the history of Corvettes, since the C2, the only vehicles appreciating in value are ZR1 models, special, extremely rare versions, or cars with a history (owned by a celebrity, was a race car, driven by someone special, etc.).</p><p></p><p>The only C3's that have value, that I can think of off the top of my head, is the L88 - a strictly "off-road use only" version with a 550hp race engine. Only 196 were ever built and now sell for $1-3 million.</p><p></p><p>The only C4 that is appreciating at all is the ZR1 - albeit not very much.</p><p></p><p>I can't think of any particular C5 that has any significant value today, aside from the "first" and "last" made. Pace car versions don't have much, if any, value over a standard trim.</p><p></p><p>The C6 simply isn't old enough to appreciate in value at all.</p><p></p><p>One day, I'd love to collect cars as an investment. In doing this though, what I've learned it you typically want to buy a 20-year-old car that has a special place in popular culture, in as original condition as possible, then sell it a 5+ years later. The reason for this is because these cars were pin-up models for kids when they were new. As those kids turn into adults and get some expendable income (hah, not happening these days), these are the vehicles they want to buy.</p><p></p><p>For example, a 1994 Supra Twin Turbo with about 7,000 miles on it sold for $121,000 in January of this year. When new it would have been around $50,000 USD ($85,000, adjusted for inflation), but when it was 20 years old (2014), it would have likely been worth around $80,000.</p><p></p><p>The C6 you purchased is more than likely going to depreciate a lot before it gains in value, if it ever does.</p></blockquote><p></p>
[QUOTE="EJChevy, post: 183702, member: 3417"] Chiming in, my opinion continues the trend of, "Not going to happen." Looking at the history of Corvettes, since the C2, the only vehicles appreciating in value are ZR1 models, special, extremely rare versions, or cars with a history (owned by a celebrity, was a race car, driven by someone special, etc.). The only C3's that have value, that I can think of off the top of my head, is the L88 - a strictly "off-road use only" version with a 550hp race engine. Only 196 were ever built and now sell for $1-3 million. The only C4 that is appreciating at all is the ZR1 - albeit not very much. I can't think of any particular C5 that has any significant value today, aside from the "first" and "last" made. Pace car versions don't have much, if any, value over a standard trim. The C6 simply isn't old enough to appreciate in value at all. One day, I'd love to collect cars as an investment. In doing this though, what I've learned it you typically want to buy a 20-year-old car that has a special place in popular culture, in as original condition as possible, then sell it a 5+ years later. The reason for this is because these cars were pin-up models for kids when they were new. As those kids turn into adults and get some expendable income (hah, not happening these days), these are the vehicles they want to buy. For example, a 1994 Supra Twin Turbo with about 7,000 miles on it sold for $121,000 in January of this year. When new it would have been around $50,000 USD ($85,000, adjusted for inflation), but when it was 20 years old (2014), it would have likely been worth around $80,000. The C6 you purchased is more than likely going to depreciate a lot before it gains in value, if it ever does. [/QUOTE]
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Corvette
General Corvette Discussion
Thoughts on "collect-ability" ?
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