Corvette Value Revelation!!!!!!
Race Director
Joined: Oct 2000
Posts: 14,996
Likes: 79
From: central FL, near the beach.
Re: Corvette Value Revelation!!!!!! (trs77)
total c5 for 2001 was 35,599,
97 was 16,116
98 29,331
99 29,606
2000 is missing from my notes.
To convert today's money into 1970 money divide by 10. Gives a rough idea. There are exceptions of course, but it works often.
Like a pound of squash is now $1, was near 10¢ in '70.
a c5 vert is near 55,000, c3 was near 5,500 in '70
97 was 16,116
98 29,331
99 29,606
2000 is missing from my notes.
To convert today's money into 1970 money divide by 10. Gives a rough idea. There are exceptions of course, but it works often.
Like a pound of squash is now $1, was near 10¢ in '70.
a c5 vert is near 55,000, c3 was near 5,500 in '70
Advanced
Joined: Jan 2002
Posts: 51
Likes: 0
From: Miami Fl
Re: Corvette Value Revelation!!!!!! (jwbert)
Bad Idea: RULE OF 72 - take your payment for 6-7 c5's ($280,000.00) invest it at a 10% return. devide the interest rate by 72 and that will tell you how long it will take to double your money... in this case it is 7 years. so in 7 years you have 560k in 14 yrs you have 1.2 mill in 30 years you have 2.5 mill. you are not going to get that out of your c5's.
sorry to smash your idea :smash:
sorry to smash your idea :smash:
Safety Car
Joined: Jan 2000
Posts: 4,143
Likes: 0
Re: Corvette Value Revelation!!!!!! (jwbert)
What ?!? ...the rule of 72 is a 'hoax' is a 'hoax' put forth by real estate scams & guys from pyramid schemes....
It gives us a 'false' security.... besides if you know of a 'solid' 10% guaranteed investment, let me know a.s.a.p.
It's more like 5% and plus feature this :
Collector cars (matching #'s, big blocks, convt., etc.) like 1953-1967 Corvettes are yielding a 5%-7% return right now.
'68-'69 vettes are yielding a 10% return righ now (has to play catch-up where the mid-years pulled ahead in the 80's)
So smash both of you :smash: :smash:
It gives us a 'false' security.... besides if you know of a 'solid' 10% guaranteed investment, let me know a.s.a.p.
It's more like 5% and plus feature this :
Collector cars (matching #'s, big blocks, convt., etc.) like 1953-1967 Corvettes are yielding a 5%-7% return right now.
'68-'69 vettes are yielding a 10% return righ now (has to play catch-up where the mid-years pulled ahead in the 80's)
So smash both of you :smash: :smash:
Drifting
Joined: Sep 2000
Posts: 1,355
Likes: 0
From: Germantown Maryland
Re: Corvette Value Revelation!!!!!! (verskel)
What ?!? ...the rule of 72 is a 'hoax' is a 'hoax' put forth by real estate scams & guys from pyramid schemes....
It gives us a 'false' security.... besides if you know of a 'solid' 10% guaranteed investment, let me know a.s.a.p.
It's more like 5% and plus feature this :
Collector cars (matching #'s, big blocks, convt., etc.) like 1953-1967 Corvettes are yielding a 5%-7% return right now.
'68-'69 vettes are yielding a 10% return righ now (has to play catch-up where the mid-years pulled ahead in the 80's)
So smash both of you :smash: :smash:
It gives us a 'false' security.... besides if you know of a 'solid' 10% guaranteed investment, let me know a.s.a.p.
It's more like 5% and plus feature this :
Collector cars (matching #'s, big blocks, convt., etc.) like 1953-1967 Corvettes are yielding a 5%-7% return right now.
'68-'69 vettes are yielding a 10% return righ now (has to play catch-up where the mid-years pulled ahead in the 80's)
So smash both of you :smash: :smash:
Actually he is correct.. They teach this in any business school . Money invested for the long term in a mix of stocks, bonds etc. will return 8-10 % /yr over 20 to 30 years. This is history... The market goes in cylcles which repeat... The average doubling of money is in the range of 6 to 8 years.
You can't take a snapshot of 2 or 3 years and always see these returns but keep in mind there are years of 20 -25 % returns which make up for it..
:flag
Thread Starter
Burning Brakes
Joined: Feb 2002
Posts: 885
Likes: 18
From: McFarland WI
Re: Corvette Value Revelation!!!!!! (jwbert)
Guys & Gals, this wasn't meant to be serious. Just a comment on how easy it is to get more money into a car than it's worth, but then when you add in the enjoyment derived from all the aspects of the hobby, it is worth every penney. :D
Instructor
Joined: Mar 2001
Posts: 151
Likes: 0
From: Louisville KY
Re: Corvette Value Revelation!!!!!! (drives61)
From 1974 to 1981, annual production was greater than any C5 production year. Acording to the Corvette Black book 2001 edition, the C5 production numbers are as follows:
1997 - 9,752
1998 - 31,084
1999 - 33,270
2000 - 33,682
This compares to C3 production numbers of:
1968 - 28,566
1969 - 38,762
1970 - 17,316
1971 - 21,801
1972 - 27,004
1973 - 30,464
1974 - 37,502
1975 - 38,465
1976 - 46,558
1977 - 49,213
1978 - 46,776
1979 - 53,807
1980 - 40,614
1981 - 40,606
1982 - 25,407
1997 - 9,752
1998 - 31,084
1999 - 33,270
2000 - 33,682
This compares to C3 production numbers of:
1968 - 28,566
1969 - 38,762
1970 - 17,316
1971 - 21,801
1972 - 27,004
1973 - 30,464
1974 - 37,502
1975 - 38,465
1976 - 46,558
1977 - 49,213
1978 - 46,776
1979 - 53,807
1980 - 40,614
1981 - 40,606
1982 - 25,407
Melting Slicks
Joined: Mar 2002
Posts: 2,313
Likes: 0
From: The cure for the blues is eight cylinders roaring
Re: Corvette Value Revelation!!!!!! (hmert)
sharklover the reason I ask when I baught my car the black paint was flakin off on the rear window trim and the trim on the tops and figured they had been painted when the car was repainted, but the trim on the windshield i beleve is original because its not flacking.
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Race Director
Joined: Mar 2001
Posts: 11,601
Likes: 0
From: San Francisco CA
St. Jude Donor '07
Re: Corvette Value Revelation!!!!!! (jwbert)
I was just sitting here thinking, a dangerous thing, I know. But anyway, I thought, with the amount of money I have in my 72 vert, I could have bought 6 or 7 new Vettes back in 1972. Therefore I should buy 6 or 7 C-5's now and then in 30 years when I'm 80, I'll be in fat city, just won't give a damn. All's it takes is money and it isn't worth a thing until you spend it!!!! :lol: :lol: :lol:
Think about it, how much have we all paid for the right parts when GM was originally making them for half the price. So, buy a whole bunch of OEM and then you can sell it in 20 years for 2x or 3x! :eek: Now that's an investment!
