Interesting Pace Car
02-26-2016, 11:33 AM
#1
Racer
Thread Starter
Interesting Pace Car
I thought this was interesting, this 8 mile pace car, asking a ton of money. I never understood the thinking behind this, unless car is for a museum seems like a waste to buy a car and never drive it.
http://www.ebay.com/itm/Chevrolet-Co...m=161989428443
http://www.ebay.com/itm/Chevrolet-Co...m=161989428443
02-26-2016, 12:03 PM
#2
Melting Slicks
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St. Jude Donor '08-'09-'10-'11-'12-'13-'14-'15-'16
The problem of buying any low mileage car is that the intrinsic value (whether higher or higher) is in the low miles. Consequently, buying it and driving it would just decrease the value and you lose money.
I was at Carlisle one year and there was a 1963 Impala SS with a 409 with 39 miles on it. Nice car, but, I wanted something to drive, not store in a museum.
I was at Carlisle one year and there was a 1963 Impala SS with a 409 with 39 miles on it. Nice car, but, I wanted something to drive, not store in a museum.
02-26-2016, 12:52 PM
#3
For $130K they better give me their daughter too and she better look damn good..!
02-26-2016, 01:41 PM
#5
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2023 C3 of the Year Finalist - Unmodified
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The Buy It Now price is at least $100,000 more than it's worth. He will own it for a very long time at that price. Alot of people put those Pace Cars away when they were new, hoping to cash in years later. It never materialized and they probably over payed for them when they were first out.
02-26-2016, 02:31 PM
#6
Administrator
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The Buy It Now price is at least $100,000 more than it's worth. He will own it for a very long time at that price. Alot of people put those Pace Cars away when they were new, hoping to cash in years later. It never materialized and they probably over payed for them when they were first out.
Thats the problem... there are so many ultra-ultra low mile Pace Cars out there that they are not special, and some sellers just don't get that.
02-26-2016, 03:40 PM
#7
Racer
Thread Starter
That would be a nice car to have at around 25k then you can drive it and not worry about running up miles but at 100-130k thats crazy
02-26-2016, 08:41 PM
#8
Drifting
02-26-2016, 09:59 PM
#9
Le Mans Master
02-27-2016, 04:56 PM
#10
Le Mans Master
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Buy virtually any new car and you lose money by driving it. I can certainly see buying a car like this (for a reasonable price) if you weren't able to get one in 1978 and driving it just as you would any new car and not worrying about the loss in value. Certainly that's what I'd do if I had the money to buy such a car. It would be great fun to buy a new 1978 in 2016 and drive it as a new car.
Last edited by Priya; 02-27-2016 at 04:56 PM.
02-28-2016, 01:47 AM
#11
Race Director
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Some ultra low mileage 78 PC's have recently sold in the 75-80k range at auction,one even sold on the field where it sat for Years dust and all for 80k.
02-28-2016, 07:37 AM
#12
Safety Car
If I ever get stupid money (Lotto, inheritance from long lost relative), then the folks at Meacham's will lose their minds when I take one of those cars out to the parking lot and do doughnuts.
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jim777 (02-29-2016)
03-05-2016, 07:16 AM
#13
Le Mans Master
14 of them...
A friend of mine bought 14 of these when they were first released. I think he paid $14,000 each. He turned around about a year later and sold 12 of them for $30-35,000 each. He kept the other 2 for decades but I lost track of him so I don't know if he still has them. He made a ton of money off them. I bet he couldn't get $30,000 for them today.
04-08-2016, 08:19 PM
#15
Team Owner
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St. Jude Donor '05
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Screw that saving it stuff what a waste of money Id drive the wheels off it and enjoy every minute of it
We only go around once, going to let someone else have all the fun? Think not.
He will never get that kind of coin for it unfortunately someones fishin.
Screw that saving it stuff what a waste of money Id drive the wheels off it and enjoy every minute of it
We only go around once, going to let someone else have all the fun? Think not.
He will never get that kind of coin for it unfortunately someones fishin.
Last edited by cv67; 04-08-2016 at 08:20 PM.