Do you agree with that?
Thread Starter
Le Mans Master
Joined: Oct 2002
Posts: 7,178
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From: Bahston Mass.
Do you agree with that?
I've been told, by more than one person, that once you start doing any kind of mods to a Vette, that you lower the value signigantly... From what I saw, when looking a couple months ago, the modded Vettes were cheaper, so I want to see what you guys think?? The dealer told me "A modded Vette is the sign of a beat Vette".. I dont know if I buy THAT totally, but there is SOME logic to it... If you're running 450 RWHP, wouldn't you tend to USE it??
Jeff
Jeff
Le Mans Master
Joined: Apr 2000
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From: Amateur driver on open course.
Re: Do you agree with that? (Jbaker)
I wish I could say I agree or disagree. Truth is, I think you'll find that most of us here bought their vettes to enjoy them. Re-sale means nothing to me. Mine's modded, and very well taken care of, but definately not beat on. There is a pretty thick line between "using" your power, and beating on the car. I have 430 horsepower at my disposal, and I do use it. but it's not my fault....the car begs for it!! :D
Race Director
Joined: Aug 2001
Posts: 18,447
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From: Sheboygan Wisconsin
St. Jude Donor '04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14
Re: Do you agree with that? (Jbaker)
To each his own, everybody marches to the tune of a different drummer. Cars resale value in any case is whatever someone else is willing to pay. Some want mods, some don't. Differnet 'strokes" for different folks :cheers:
[Modified by bizaro1234, 6:37 PM 12/5/2002]
[Modified by bizaro1234, 6:37 PM 12/5/2002]
Thread Starter
Le Mans Master
Joined: Oct 2002
Posts: 7,178
Likes: 1
From: Bahston Mass.
Re: Do you agree with that? (bizaro1234)
Good point, I suppose it is in how you look at it... I'm talking more of what I was told then what I believe... See, I've NEVER owned a vehicle that remained stock, and yes, I've always lost my shirt when I sold it, I've enjoyed it while I had it.
Jeff
Jeff
Team Owner
Joined: Apr 2002
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Re: Do you agree with that? (Jbaker)
It always depends on the type of modification. Perhaps I wanted some polished ZR1 wheels and opted for the 11" in back? That should actually raise the resale price. Performance tires help resale as well. What will kill resale? Any type of modification to the body in the form of body kits, spoilers, etc. Internal engine mods (unless you don't tell them at the time of resale--but I would), irreversible mods, interior color change, things like ram air and cold air intakes, most drivetrain mods, nitrous will obliterate resale value, etc. Mods that will not hurt value are wheels and tires as mentioned above, engine appearance mods (tasteful), window tint, catback exhaust, stereo mods (as long as you don't add subwoofers and things of this sort), I would assume that most handling upgrades won't harm the value too much, and the list goes on. There's not an easy way to tell what will and won't harm resale value, just use common sense.
EDIT: I forgot to add that if there's a rollbar installed in the car, resale value goes bye bye. :seeya
[Modified by GDP, 7:53 PM 12/5/2002]
EDIT: I forgot to add that if there's a rollbar installed in the car, resale value goes bye bye. :seeya
[Modified by GDP, 7:53 PM 12/5/2002]
Burning Brakes
Joined: Oct 2000
Posts: 897
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From: My Own Private Idaho
Re: Do you agree with that?
I worry about resale value about as often as gas mileage. Never.
Those concerns belong in Corvette Bizarro World (where practical, sensible, logical cars rule the earth).
Those concerns belong in Corvette Bizarro World (where practical, sensible, logical cars rule the earth).
Race Director
Joined: Mar 2002
Posts: 12,968
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Re: Do you agree with that? (Jbaker)
owning a corvette is about personal enjoyment, not always the bottom line. :yesnod:
my '85 is a piece of s**t, and im sure is almost worthless, but i like it and i mod it how i want :cheers:
my '85 is a piece of s**t, and im sure is almost worthless, but i like it and i mod it how i want :cheers:
Team Owner
Joined: Apr 2002
Posts: 43,370
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Re: Do you agree with that? (cgtarga1)
I worry about resale value about as often as gas mileage. Never.
Those concerns belong in Corvette Bizarro World (where practical, sensible, logical cars rule the earth).
Those concerns belong in Corvette Bizarro World (where practical, sensible, logical cars rule the earth).
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Thread Starter
Le Mans Master
Joined: Oct 2002
Posts: 7,178
Likes: 1
From: Bahston Mass.
Re: Do you agree with that? (GDP)
Well, that's what I'm thinking, long term. What if a few years from now, I want to upgrade... I'm obviously not considering it now, more like confirming rumors :)..... I'm talking wayyy down the road!!
I need to DRIVE mine first
Jeff :yesnod:
I need to DRIVE mine first
Jeff :yesnod:
Team Owner
Joined: Aug 2000
Posts: 40,156
Likes: 45
From: San Pedro CA
Re: Do you agree with that? (Jbaker)
I like upgrades that enhance a vehicle.
Hurst shifter, Corsa's, better suspension...
But if your upgrades effect the overall reliabilty, then you effect the resale value.
Hurst shifter, Corsa's, better suspension...
But if your upgrades effect the overall reliabilty, then you effect the resale value.
Racer
Joined: Sep 2001
Posts: 408
Likes: 0
From: Columbia Maryland
Re: Do you agree with that? (GDP)
It always depends on the type of modification. Perhaps I wanted some polished ZR1 wheels and opted for the 11" in back? That should actually raise the resale price. Performance tires help resale as well. What will kill resale? Any type of modification to the body in the form of body kits, spoilers, etc. Internal engine mods (unless you don't tell them at the time of resale--but I would), irreversible mods, interior color change, things like ram air and cold air intakes, most drivetrain mods, nitrous will obliterate resale value, etc. Mods that will not hurt value are wheels and tires as mentioned above, engine appearance mods (tasteful), window tint, catback exhaust, stereo mods (as long as you don't add subwoofers and things of this sort), I would assume that most handling upgrades won't harm the value too much, and the list goes on. There's not an easy way to tell what will and won't harm resale value, just use common sense.
EDIT: I forgot to add that if there's a rollbar installed in the car, resale value goes bye bye. :seeya
EDIT: I forgot to add that if there's a rollbar installed in the car, resale value goes bye bye. :seeya
[Modified by Charlutz, 11:15 PM 12/6/2002]
[Modified by Charlutz, 11:16 PM 12/6/2002]
Team Owner
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From: 63.8% of all statistics are made up on the spot.
St. Jude Donor '08-'10
Re: Do you agree with that? (Jbaker)
I think that this is true for any car not just vettes. The more you depart from original the smaller the set of potential buyers becomes.
Elite Torch Red Member
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From: Exit 89 GSP,Lakewood,NJ The Land Of Mojo
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St. Jude Donor '03-'04-'05-'06-'07
Re: Do you agree with that? (bizaro1234)
To each his own, everybody marches to the tune of a different drummer. Cars resale value in any case is whatever someone else is willing to pay. Some want mods, some don't. Differnet 'strokes" for different folks :cheers:
Safety Car
Joined: Jul 2002
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From: SCMR Rat Pack'r Charter Member, Inland Empire Chapter
Re: Do you agree with that? (Jbaker)
People who buy vettes as an *investment* or worry so damned much about resale just dont get it...vettes are meant to be driven and enjoyed damnit! Not to be beat or ragged...but enjoyed. My '91 has a K&N and Flowmasters....nothing major but I wouldnt heistate to mod it majorly cuz I know I will take care of it, not hurt it and Ill treat it the way a vette deserves :blueangel:
[Modified by DarkHalo, 10:04 PM 12/6/2002]
[Modified by DarkHalo, 10:04 PM 12/6/2002]
Drifting
Joined: Jul 2001
Posts: 1,897
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From: La Fontaine Indiana
Re: Do you agree with that? (Jbaker)
The dealer told me "A modded Vette is the sign of a beat Vette".. I dont know if I buy THAT totally, but there is SOME logic to it... If you're running 450 RWHP, wouldn't you tend to USE it??
Jeff
Jeff
Race Director
Joined: Aug 2002
Posts: 17,367
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From: Kentucky
Re: Do you agree with that? (oldace84)
I know now that if I were in the market for another Vette...the more good mods the better. Just my thoughts....
tony
;) ;) ;)
tony
;) ;) ;)
Race Director
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From: S. Florida
Re: Do you agree with that? (Jbaker)
This is a very good question, and you have received some insightful answers.
I think it depends on the type of car, and the potential buyer. An example would be the older vettes. If you find a 67 vert with a 427/435 that is totally stock, it can cost you the price of a house. Then again, if that car has been modified in anyway, the price starts to plummet. However, most people in the market for those cars are looking for a investment, and to drive it once in a blue moon.
The person that said mods reduce the potential number of interested buyers hit it on the head. If it's stock, anyone might be interested in it. If it's been moded with increasing the HP in mind, then fewer people will be interested in it. Most people that up the HP intend on using the car for street or track racing, therefore the car might have been used hard and put up wet. Rarely will you see someone that spends thousands of dollars to up their HP, without the intent to use that added power. The only buyer that will be willing to pay more for a moded vette is someone that intended to mod it anyway, and they can then get the car without having to put that much into it.
Hope that answers your question.
I think it depends on the type of car, and the potential buyer. An example would be the older vettes. If you find a 67 vert with a 427/435 that is totally stock, it can cost you the price of a house. Then again, if that car has been modified in anyway, the price starts to plummet. However, most people in the market for those cars are looking for a investment, and to drive it once in a blue moon.
The person that said mods reduce the potential number of interested buyers hit it on the head. If it's stock, anyone might be interested in it. If it's been moded with increasing the HP in mind, then fewer people will be interested in it. Most people that up the HP intend on using the car for street or track racing, therefore the car might have been used hard and put up wet. Rarely will you see someone that spends thousands of dollars to up their HP, without the intent to use that added power. The only buyer that will be willing to pay more for a moded vette is someone that intended to mod it anyway, and they can then get the car without having to put that much into it.
Hope that answers your question.