Have prices gone up that much?
Thread Starter
Racer
Joined: Aug 2001
Posts: 473
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From: Raleigh NC
Have prices gone up that much?
A quick scan of Collector Car Trader Online reveals only a couple of 68/69 BB verts under $25K (matching or NOM). I know that asking and getting are two different things, but given the fact that there are few candidates available for sale, you could assume that these prices are attainable. Have prices gone up that much?
I thought the guys at Vette magazine were nuts when I saw their new price guide that listed the value of a #3 car at $25-26K. They must be close.
I guess I can keep pumping money in my old car because it is appreciating faster than I can buy parts!
I thought the guys at Vette magazine were nuts when I saw their new price guide that listed the value of a #3 car at $25-26K. They must be close.
I guess I can keep pumping money in my old car because it is appreciating faster than I can buy parts!
Senior Member since 1492
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From: Just because I'm paranoid doesn't mean people aren't out to get me...
St. Jude Donor '09
Re: Have prices gone up that much? (hudman)
I hope so, that means that maybe rest of the low production early C3's will rise too. Good for an owner, bad for a buyer.
Burning Brakes
Joined: Nov 2001
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Re: Have prices gone up that much? (Jughead)
Good for an owner, bad for a buyer.
Le Mans Master
Joined: Mar 2002
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From: End of the Ike IL
Cruise-In V Veteran
Cruise-In VI Veteran
Re: Have prices gone up that much? (mayberg)
isn't that one in a long list of justifications that we use with our spouse?
Drifting
Joined: Nov 2003
Posts: 1,634
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From: Northern NJ
St. Jude Donor '04 & '05
Re: Have prices gone up that much? (BlueL36)
isn't that one in a long list of justifications that we use with our spouse?
:yesnod: and to ourselves :yesnod:
:yesnod: and to ourselves :yesnod:
Of course we all know that making a buck on these toys is not really the point! :D
:seeya
Senior Member since 1492
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From: Just because I'm paranoid doesn't mean people aren't out to get me...
St. Jude Donor '09
Re: Have prices gone up that much? (mayberg)
Good for an owner, bad for a buyer.
I disagree. Good for an owner, and good for a soon-to-be owner over the long haul if prices continue to trend up.
I disagree. Good for an owner, and good for a soon-to-be owner over the long haul if prices continue to trend up.
Safety Car
Joined: Jan 2000
Posts: 4,143
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Re: Have prices gone up that much? (Jughead)
....I don't see how higher prices would look attractive to a buyer?? :confused: How bout them gas prices??
I've seen wealthy car collectors who own several Lamborghini's & Ferrari's who also have a vette or 2........but they're C1 & C2 Corvettes in mint condition.
You might be finding a C3 in their stables now ! :yesnod:
Of course 'Average Joe' will eventually be priced-out of the market altogether on the steel bumber cars. :crazy:
As for gas.....it....well..... :U
But I cannot complain until it tops $2 per gallon and even then I'd still drive my '68 :auto:
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Burning Brakes
Joined: Nov 2001
Posts: 1,191
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Re: Have prices gone up that much? (Jughead)
I don't see how higher prices would look attractive to a buyer??
Drifting
Joined: Mar 2001
Posts: 1,600
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From: Valencia (near LA) CA
Re: Have prices gone up that much? (ACECO)
I hope they are going up... I already have almost $45,000 into a car that is only worth $20k or so.
... and my friends and family...etc. That way they won't think I am completely insane!!
Only fellow forum members need to know the truth about my sanity :banghead: :lolg:
~Jay
isn't that one in a long list of justifications that we use with our spouse?
Only fellow forum members need to know the truth about my sanity :banghead: :lolg:
~Jay
Melting Slicks
Joined: May 2001
Posts: 2,131
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From: May help you? You can sure as hell try!
Re: Have prices gone up that much? (hudman)
I'd never buy a Corvette as an investment but it's sure nice knowing that you can buy it, play with it for a while, and then sell it without losing your butt to depreciation. Try that with a new car !!
Thread Starter
Racer
Joined: Aug 2001
Posts: 473
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From: Raleigh NC
Re: Have prices gone up that much? (LemansBlue68)
Not looking to mine as an investment either. It just makes me feel better to know that I am not just digging the hole deeper (especially since my Al Knoch top came in the mail today-Ha Ha).
It just never ends with these things, but boy do I sure love my car.
It just never ends with these things, but boy do I sure love my car.
Safety Car
Joined: Jan 2000
Posts: 4,143
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Re: Have prices gone up that much? (Harold69)
69 # matching 427 vettes are over 40K now.... They will never catch up to the 67's but at least they go up in value over time vs. other assets!
Melting Slicks
Joined: Nov 2002
Posts: 2,231
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From: Fort Pierce Florida
Re: Have prices gone up that much? (verskel)
I'm never buying a car as an investment. For the most part, in less you plan on storing it for 20 years you'll never see a GREAT return on your money (unless you buy an Enzo for $700K and sell it for 2 million).
Pro
Joined: Jan 2004
Posts: 522
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From: Grayslake IL
Re: Have prices gone up that much? (hudman)
Where are all the people that say buy mutual funds or invest in stocks? Go to Vegas more like it. At least it is an investment that is tangible and it's fun. So it doesn't appreciate like a mutual fund, but you aren't likely to loose your shirt when a CEO decides to get greedy either.
I think they are excellent investments, even if they just hold their value. Really what does nowadays?
I think they are excellent investments, even if they just hold their value. Really what does nowadays?
Melting Slicks
Joined: Oct 2000
Posts: 3,023
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From: TEXASTEXASTEXASTEXAS TEXASTEXASTEXASTEXAS
St. Jude Contributor
Re: Have prices gone up that much? (thevetterisbetter)
:iagree: That's the way I look at it. It's a "got my cake and eat it too" situation, IMHO. Not much fun involved in a drawer full of mutual fund statements.
JB
JB
Melting Slicks
Joined: May 2001
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From: May help you? You can sure as hell try!
Re: Have prices gone up that much? (JB)
You guys raise a good point! Maybe that's why the muscle car and Corvette market has gone up so much in recent months...'cause nothing else has!
Now if I can just convince the wife with the same investment wisdom......
:cheers:
P.S. Don't get me started on the greedy executive rant. Grrr..... :cuss :reddevil :mad
Now if I can just convince the wife with the same investment wisdom......
:cheers:
P.S. Don't get me started on the greedy executive rant. Grrr..... :cuss :reddevil :mad