If I change exterior color on a ZR-1, how does that impact resle value?
#1
Drifting
Thread Starter
If I change exterior color on a ZR-1, how does that impact resale value?
This black ZR-1 needs a paint job and is in the For Sale section here: https://www.corvetteforum.com/forums...500-miles.html
If I bought it and changed the exterior color to 'White Diamond' (a GM color that I absolutely love), how do you guys think that would affect resale value????
Thanks
If I bought it and changed the exterior color to 'White Diamond' (a GM color that I absolutely love), how do you guys think that would affect resale value????
Thanks
Last edited by Chevy-SS; 08-06-2016 at 09:38 AM.
#2
Melting Slicks
If it's repainted properly it won't hurt that much because they aren't bringing much money anyway even if all original and low miles. It's sad but true I know I've got two of them.
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Chevy-SS (08-06-2016)
#3
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St. Jude Donor '05
^^^^
Dont worry about it just enjoy
Dont worry about it just enjoy
#6
Safety Car
This black ZR-1 needs a paint job and is in the For Sale section here: https://www.corvetteforum.com/forums...500-miles.html
If I bought it and changed the exterior color to 'White Diamond' (a GM color that I absolutely love), how do you guys think that would affect resale value????
Thanks
If I bought it and changed the exterior color to 'White Diamond' (a GM color that I absolutely love), how do you guys think that would affect resale value????
Thanks
#7
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what you will pay to have it painted will not increase the cars value by the amount
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Chevy-SS (08-06-2016)
#8
Drifting
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#9
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w/ others; new paint = more than poor condition original. (Unless you intend to enter it at shows in the "Survivor" category...IDK.)
I love that color too! (Our new Buick Enclave is painted "White Mist", and it is (to us) gorgeous! Drawback? Danged hard to see in the fog!!)
Costs:
Ask you painter about the PPG "single stage" paint. BMW and some other manufactures are now using it - single stage b/c there is NO clear coat. It is beautiful! (People are always remarking on how it looks. But, the best one ever was unsolicited - me standing away at some distance - when I notice a group of fellow Corvette drivers walking across the parking lot. (It was at the hotel during a C4 gathering in Bowling Green.) The 3 of them, walking past all the Vettes in the lot suddenly stopped at mine and walked around it to look it. As they regrouped to continue on their way, one remarked, "That's the best one on the (parking) lot"! [Thanks, Brett, for the paint recommendation!])
I love that color too! (Our new Buick Enclave is painted "White Mist", and it is (to us) gorgeous! Drawback? Danged hard to see in the fog!!)
Costs:
- Most expensive: turn-key job involving a change of color! $10-$11k is not out of line for a professionally done paint job. Could be more if it is to be a "show car" as getting it (better than factory) "perfect" take more man hours with a buffer and elbow grease.
- Least expensive: You prep/prime, they shoot it the same color, sans door jambs*, etc. You reassemble. The cost could be as little as 1/3 that of a full turn-key, custom paint job - depending on the cost of the material (paint).
*Note: The door jambs can be omitted (not painted) IF the colors match. But, going from black to white (for example) increases the labor (yours and theirs) significantly.
Ask you painter about the PPG "single stage" paint. BMW and some other manufactures are now using it - single stage b/c there is NO clear coat. It is beautiful! (People are always remarking on how it looks. But, the best one ever was unsolicited - me standing away at some distance - when I notice a group of fellow Corvette drivers walking across the parking lot. (It was at the hotel during a C4 gathering in Bowling Green.) The 3 of them, walking past all the Vettes in the lot suddenly stopped at mine and walked around it to look it. As they regrouped to continue on their way, one remarked, "That's the best one on the (parking) lot"! [Thanks, Brett, for the paint recommendation!])
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Chevy-SS (08-06-2016)
#10
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2020 C3 of the Year Finalist - Unmodified
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St. Jude Donor '16
2020 C3 of the Year Finalist - Unmodified
Your car, If you plan on driving it do what you want. I'm afraid to say but in our lifetime we will never see the value in high numbers. I did not buy mine as an in vestment I drive them any chance I get. Got 1 with 9k miles now 15 years later over 50k the other with 26k a few years back just hit 32k yesterday.
#11
Drifting
Thread Starter
Thanks
Last edited by Chevy-SS; 08-06-2016 at 12:19 PM.
#12
Race Director
It's your car, do what you want with it to make you happy. There is no price on happiness. I've put kazillions of dollars into my C4 bracket car. It's not worth much, but it gives me great pleasure.
#13
Drifting
Thread Starter
For me, I'm looking for a decent driver that I can take out and enjoy in the nice weather. Any 'happiness' that I get from those cruises would be reduced if I had vastly overpaid for the car in the first place.
I've had two wonderful Vettes so far, a C5 and a C6, both purchased at reasonable prices, driven with great satisfaction for a few years, and then sold at fair pricing to someone else.
#14
Race Director
Well, your situation is much different than mine. You have built up your car for a specific purpose, to facilitate an enjoyable hobby, so it's understandable that you would sink "kazillions of dollars" into it.
For me, I'm looking for a decent driver that I can take out and enjoy in the nice weather. Any 'happiness' that I get from those cruises would be reduced if I had vastly overpaid for the car in the first place.
I've had two wonderful Vettes so far, a C5 and a C6, both purchased at reasonable prices, driven with great satisfaction for a few years, and then sold at fair pricing to someone else.
For me, I'm looking for a decent driver that I can take out and enjoy in the nice weather. Any 'happiness' that I get from those cruises would be reduced if I had vastly overpaid for the car in the first place.
I've had two wonderful Vettes so far, a C5 and a C6, both purchased at reasonable prices, driven with great satisfaction for a few years, and then sold at fair pricing to someone else.
#15
Instructor
If you don't like black, keep looking for a good white car. A good paint job here in Oz is $20K, so unless it's an exceptional car, I will look at all other cars except white ones which I reckon is a boring colour and doesn't belong on a sports car.
I'm not crazy about red either, having just owned a Candy Apple Red Mustang for 5 years and a red TR7 before that.
Something blue, black or green would suit me.
I'm not crazy about red either, having just owned a Candy Apple Red Mustang for 5 years and a red TR7 before that.
Something blue, black or green would suit me.
#17
Changing color on any car requiring repainting all the jambs can increase the cost of the job by as much as 20% or more. The other thing I would consider is if a car you are wanting to purchase needs to be repainted I would guess there is a good chance that it has been exposed to the elements more than average and might also need new rubber seals and interior work. Replacing and or refreshing a Corvette that has been left out in the elements can quickly cost more then the market value of the car.
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Chevy-SS (08-07-2016)
#18
Drifting
Thread Starter
Changing color on any car requiring repainting all the jambs can increase the cost of the job by as much as 20% or more. The other thing I would consider is if a car you are wanting to purchase needs to be repainted I would guess there is a good chance that it has been exposed to the elements more than average and might also need new rubber seals and interior work. Replacing and or refreshing a Corvette that has been left out in the elements can quickly cost more then the market value of the car.
I wasn't really considering this enough, but now that I dwell on it, I can see the relevance of this advice. I see folks on here asking opinions and advice about buying all the time. These tips from 95tealconvert should be included in a sticky or something. Case in point being the car I was originally thinking about in first post, the paint is bad, but so is headliner, plus it's got oil leaks, and that likely means all sorts of other issues have been neglected.
Damn, I'd give two 'Thanks' to 95tealconvert if I could!
Last edited by Chevy-SS; 08-07-2016 at 12:14 PM.
#19
Race Director
my 90 ZR-1 needs paint, but also it is not 100% original, it wasn't when I got it. Due to that I have slowly been making the car how I want it. I just wish I was able to drive it and enjoy more than I am able to..
meaning, I did not buy the car to expect the value to increase, I bought it to have fun with
meaning, I did not buy the car to expect the value to increase, I bought it to have fun with
#20
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St. Jude Donor '05
polos recommendation isnt a bad idea
Do the white in GM Summit white, the AB with a hint of pearl or slight metallic, someone would dig it best of both worlds. Give it some stance, some exhaust, done.
Do the white in GM Summit white, the AB with a hint of pearl or slight metallic, someone would dig it best of both worlds. Give it some stance, some exhaust, done.