Long Term Value
Race Director
Joined: May 2002
Posts: 10,306
Likes: 15
Originally Posted by nato
I will say again unless you buy a real clean zr1 he needs to get a convertible for the price to stay the same or rise. Show me a c2 coupe that is worth what a convertible is besides a 63, you can't. Show me a 68-72 coupe worth as much as a convertible in the same cond, you can't. Same goes for a c4, even with the zr1 having a lt5 a lot of people wouldn't consider it because it's a coupe. What he needs is a lt4 convertible not that that will rise in price real quick or anything but it won't hardly drop either, not many verts do no matter what year because now that the prices fell again I doubt they will fall much more. Convertibles will always hold their value more and bring more, period. Unless you compare a 86 convertible to 95 zr1 or something silly like that.
C4 convertibles are too squirrely for me.
It's all supply/demand. A convertible is too hot in Florida for me.
Taking the Targa out here and there is enough for me. Even then it gets real loud just like a convertible. Convertibles are nice on a cool night or a cool day- in the summer you cook in them. If I bought one it would have to have a hard top - I think those look real sweet!
Last edited by xlr8nflorida; Dec 20, 2004 at 05:26 PM.
Instructor
Joined: Sep 2004
Posts: 137
Likes: 0
Originally Posted by xlr8nflorida
Convertibles go for more because they cost more MSRP - its not rocket science
C4 convertibles are too squirrely for me.
It's all supply/demand. A convertible is too hot in Florida for me.
Taking the Targa out here and there is enough for me. Even then it gets real loud just like a convertible. Convertibles are nice on a cool night or a cool day- in the summer you cook in them. If I bought one it would have to have a hard top - I think those look real sweet!
C4 convertibles are too squirrely for me.
It's all supply/demand. A convertible is too hot in Florida for me.
Taking the Targa out here and there is enough for me. Even then it gets real loud just like a convertible. Convertibles are nice on a cool night or a cool day- in the summer you cook in them. If I bought one it would have to have a hard top - I think those look real sweet!
but it does and the coupe with the top off after you finally get it off that is wasn't tight at all the convertible with the top off isn't like that. So don't know what you mean by squirrley and if you don't want to cook on a day thats 95 degrees well just leave the top up and then you still have the option and looks to take it down 
Racer
Joined: Apr 1999
Posts: 299
Likes: 0
From: manalapan, nj
I just have a gut feeling that the LT4 is going to be the "67 big block" that the collectors will be fighting over in 15 - 20 years.
The early Zr1s might also be in his price range too.
Also the Grand Sport.
His goal is a Corvette that can be used as a summer driver that will not lose money or might even appreciate a bit.
Let the bench racing begin. 
[/QUOTE]
I dont think any Post 1972 will show any real appreciation. And you must be careful with those years as well. The newer cars get better (more hp) each generation. I just dont see the LT4 as being the "hot" setup with 330 hp when the new vette has 400 and the ZO6 is rumered to have 500hp. Add that to the fact that alot of these cars are used as second cars and are in good shape means that supply is greater than demand. I think all vettes are great, but as far as appreciation, for every one a person makes money on, there are probably 1000 that lose on them.
Buy what you like and enjoy it. Personally he should bye a nice LT1 for 10-12 k and put the rest in a Mutual fund. Then he can the best of both worlds. Some fun and a little appreciation on his money.
Ray
The early Zr1s might also be in his price range too.
Also the Grand Sport.
His goal is a Corvette that can be used as a summer driver that will not lose money or might even appreciate a bit.
Let the bench racing begin.
[/QUOTE]I dont think any Post 1972 will show any real appreciation. And you must be careful with those years as well. The newer cars get better (more hp) each generation. I just dont see the LT4 as being the "hot" setup with 330 hp when the new vette has 400 and the ZO6 is rumered to have 500hp. Add that to the fact that alot of these cars are used as second cars and are in good shape means that supply is greater than demand. I think all vettes are great, but as far as appreciation, for every one a person makes money on, there are probably 1000 that lose on them.
Buy what you like and enjoy it. Personally he should bye a nice LT1 for 10-12 k and put the rest in a Mutual fund. Then he can the best of both worlds. Some fun and a little appreciation on his money.
Ray
Thread Starter
Race Director
Joined: Feb 2003
Posts: 16,475
Likes: 270
From: Kingman AZ
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Originally Posted by Ray z
I just have a gut feeling that the LT4 is going to be the "67 big block" that the collectors will be fighting over in 15 - 20 years.
The early Zr1s might also be in his price range too.
Also the Grand Sport.
His goal is a Corvette that can be used as a summer driver that will not lose money or might even appreciate a bit.
Let the bench racing begin.
The early Zr1s might also be in his price range too.
Also the Grand Sport.
His goal is a Corvette that can be used as a summer driver that will not lose money or might even appreciate a bit.
Let the bench racing begin.
Buy what you like and enjoy it. Personally he should bye a nice LT1 for 10-12 k and put the rest in a Mutual fund. Then he can the best of both worlds. Some fun and a little appreciation on his money.
Ray
[/QUOTE]I like XLR8s advice but Ray Z you the man! That is what I will recommend to him!
Race Director
Joined: May 2002
Posts: 10,306
Likes: 15
I dont think any Post 1972 will show any real appreciation.
And you must be careful with those years as well. The newer cars get better (more hp) each generation. I just dont see the LT4 as being the "hot" setup with 330 hp when the new vette has 400 and the ZO6 is rumered to have 500hp.
Why do people seek out old Corvettes then and pay big bucks for them.
If your logic held true nobody would want a 53 because its a dog yet they can go for over $100,000. The LT4 is a special car and its a 1 year motor. The LT5 & LT4 are the pinnacle of the C4 generation.
Add that to the fact that alot of these cars are used as second cars and are in good shape means that supply is greater than demand. I think all vettes are great, but as far as appreciation, for every one a person makes money on, there are probably 1000 that lose on them.
It's not that complex, you are talking about people buying new cars.
Buy yourself a ZR-1 for $25,000 now, drive it some and enjoy it and in 15 years you will be sitting pretty. Do the same with a C5 and you will lose half your $.
Buy what you like and enjoy it. Personally he should bye a nice LT1 for 10-12 k and put the rest in a Mutual fund. Then he can the best of both worlds. Some fun and a little appreciation on his money.
Now this is great advice. That is what I did with my 93 daily driver.
Let's say you get a LT1 for $12,000 (you get a deal) you can probably drive it for a few years and only lose a few grand - heck alot of L98s are still near $10k.
No question - best bang for the buck in the sports car world is an early 92,93 Vette.
Ray[/QUOTE]
And you must be careful with those years as well. The newer cars get better (more hp) each generation. I just dont see the LT4 as being the "hot" setup with 330 hp when the new vette has 400 and the ZO6 is rumered to have 500hp.
Why do people seek out old Corvettes then and pay big bucks for them.
If your logic held true nobody would want a 53 because its a dog yet they can go for over $100,000. The LT4 is a special car and its a 1 year motor. The LT5 & LT4 are the pinnacle of the C4 generation.
Add that to the fact that alot of these cars are used as second cars and are in good shape means that supply is greater than demand. I think all vettes are great, but as far as appreciation, for every one a person makes money on, there are probably 1000 that lose on them.
It's not that complex, you are talking about people buying new cars.
Buy yourself a ZR-1 for $25,000 now, drive it some and enjoy it and in 15 years you will be sitting pretty. Do the same with a C5 and you will lose half your $.
Buy what you like and enjoy it. Personally he should bye a nice LT1 for 10-12 k and put the rest in a Mutual fund. Then he can the best of both worlds. Some fun and a little appreciation on his money.
Now this is great advice. That is what I did with my 93 daily driver.
Let's say you get a LT1 for $12,000 (you get a deal) you can probably drive it for a few years and only lose a few grand - heck alot of L98s are still near $10k.
No question - best bang for the buck in the sports car world is an early 92,93 Vette.
Ray
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Melting Slicks
Joined: Sep 2003
Posts: 2,208
Likes: 1
From: Ontario
that said, i'm a 100% coupe guy, which has absolutely nothing to do with it! 
[/QUOTE]
I disagree with the vert being the way to go. Myself im a coupe guy and I personally know several people that just dont like the c4 verts beacuse of their body flex and handling. I would say ZR-1 is the way to go being "limited, unique" and right now they are very affordable.
[/QUOTE] I disagree with the vert being the way to go. Myself im a coupe guy and I personally know several people that just dont like the c4 verts beacuse of their body flex and handling. I would say ZR-1 is the way to go being "limited, unique" and right now they are very affordable.
