1980s Most Costly Period to Buy a Corvette
07-08-2016, 11:34 AM
#1
CorvetteForum Editor
Thread Starter
1980s Most Costly Period to Buy a Corvette
You can find some very interesting results when analyzing the inflation-adjusted price for the Corvette every 10 years, starting in 1956 and going up to the 2016 model.
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07-08-2016, 12:05 PM
#2
Race Director
Member Since: Sep 2006
Location: (S) Walton County NW FL
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His $109,257 investment in 2016 dollars.
I purchased a 88 35th Anniv triple white Corvette #1205 in Oct 96 with 16K miles at the time.
When I got the car home (to FL) I proceeded to clean the car and found the Retail Installment Contract from Sovran Bank in Md with Lawrence L. as original buyer dated 09/29/88. APR was 13.00% Finance charge 16,911.95, Amt financed 31,529.17, Total payments 48,441.12, Total sales price 53,892.95
I just ran the total sales amt of 53802 past the inflation calculator and the 2016 result was $109,257 is what the original owner paid to own that car in todays dollars adjusted for inflation. He sold it to me for $7,200 in 1996. While in Md I dropped by a friend in Annapolis after purchase. The car died on the Interstate. Had it towed to another friends garage. Bad fuel pump from moisture in tank. Car was an outside car w/o ever being garaged. Fuel pump was taken out and cleaned of corrosion. Should have replaced with new while it was out of tank.
Fixed and drove it south to FL. Continued to have some die issues off & on. Ended up selling beautiful #20 of 28 to a collector in Eldon, MO.
When I got the car home (to FL) I proceeded to clean the car and found the Retail Installment Contract from Sovran Bank in Md with Lawrence L. as original buyer dated 09/29/88. APR was 13.00% Finance charge 16,911.95, Amt financed 31,529.17, Total payments 48,441.12, Total sales price 53,892.95
I just ran the total sales amt of 53802 past the inflation calculator and the 2016 result was $109,257 is what the original owner paid to own that car in todays dollars adjusted for inflation. He sold it to me for $7,200 in 1996. While in Md I dropped by a friend in Annapolis after purchase. The car died on the Interstate. Had it towed to another friends garage. Bad fuel pump from moisture in tank. Car was an outside car w/o ever being garaged. Fuel pump was taken out and cleaned of corrosion. Should have replaced with new while it was out of tank.
Fixed and drove it south to FL. Continued to have some die issues off & on. Ended up selling beautiful #20 of 28 to a collector in Eldon, MO.
07-08-2016, 01:35 PM
#3
Burning Brakes
That's the color of my '86. I might sell it for $56k. 
