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Keep in mind that any increase in value will have to be over and above inflation.
For instance, that '69 coupe that sold in '69 for $6000 may now be worth about $30,000 in today's dollars....which in turn are worth about $5000 in 1969 dollars! Is it really worth more today? No...its worth the same or less, its the DOLLARS that are worth LESS.
Larry
It gets better than that. If a person kept their money in something as mundane as high grade intermediate term bonds since 1966 they would have increased a lot more than inflation in value.
People should do what ever they want with their car, but not fool themselves into thinking their hanger queen is a good investment.
Cars and motorcycles are meant to be consumed, not worshiped.
I had a guy offer me $20k the other day for my two tone "Silver Beige Metallic/Medium Brown Metallic" '86 Coupe with 5800 miles on it. Its ALL original down to the Goodyear Gatorbacks. I would have sold it but I had just bought it from my father 4 days before the offer. I was at the local Chevy dealer and word got out there was a '86 in the lot with 5800 miles on it and the people came out of the wood work, customers, salesmen and the owner of the dealership. It made me pretty proud to own it. I hope in a few more years for a increase in value in the car so I can afford a C5 or C6. By the way if I had sold it I would have had a $6k profit.
Last edited by proemtpff; Aug 27, 2004 at 07:05 AM.
Tough question to answer now. Many collectibles are not always what people had predicted. Lower production models make sense of course. But not only high powered lower models either. I believe I read there were 300 1968 Corvettes made with 3 speed tranny's. Surprisingly, these base models are sought after even though they were at the lower end of performance. Enjoy your C4 and try not to get caught up in future values. There were so many C4's made that it is very difficult to predict if any will be collectible. Convertibles may be worth more in the future but who really knows? Low mileage adds value but why not enjoy driving one's C4.
All in all, I personally do not forsee any C4 being a great collectible. Factoring in inflation, many so called collectibles did not yield great returns either. Plus remember that many potential future buyers may not have the emotional connection with Corvettes as we have. Today's youth cannot afford Corvettes as I could in the 60's and 70's. Their grandfather's may have owned them but not their friends and parents. Whenever they become older and more affluent, they may not have any interest in Corvettes because they were never targeted by Chevy.
You guys are gonna love this..................84s will come into collectable status one of these days,its only a matter of time.An 84 lumped in there with all the snotty Rubies.CE,GS etc.Kind of like the Clammpets living in Beverly Hills.
Hopefully The Z01....Only 2050 of these puppies. God only knows how many left. If it kills me (which it may) i'll still have it to find out when the time comes