Lingenfelter decision
Thread Starter
Heel & Toe
Joined: Aug 2005
Posts: 16
Likes: 0
Lingenfelter decision
Guys/Girls:
I am thinking about taking my 2001 Mag Red Convertible to Lingenfelter to get the 383 package. I am wondering if this is a smart thing to do given the country's economic situation, the price of gas, and the falling value of muscle cars to boot.
This is not about my personal finance, this is more about being able to enjoy the car for a time and sell it for a decent price.
I was always told the car will be worth the value of the car in the market plus about 90% of the cost of the Lingenfelter package.
I am looking for personal experience of anyone who has taken their car to Lingenfelter. I would like to know if you felt it was worth the money, and if you sold your car how you did on the value.
I am thinking about taking my 2001 Mag Red Convertible to Lingenfelter to get the 383 package. I am wondering if this is a smart thing to do given the country's economic situation, the price of gas, and the falling value of muscle cars to boot.
This is not about my personal finance, this is more about being able to enjoy the car for a time and sell it for a decent price.
I was always told the car will be worth the value of the car in the market plus about 90% of the cost of the Lingenfelter package.
I am looking for personal experience of anyone who has taken their car to Lingenfelter. I would like to know if you felt it was worth the money, and if you sold your car how you did on the value.
Race Director
Joined: Jan 2003
Posts: 19,802
Likes: 0
From: San Antonio Texas
St. Jude Donor '05-'06-'08
Guys/Girls:
I am thinking about taking my 2001 Mag Red Convertible to Lingenfelter to get the 383 package. I am wondering if this is a smart thing to do given the country's economic situation, the price of gas, and the falling value of muscle cars to boot.
This is not about my personal finance, this is more about being able to enjoy the car for a time and sell it for a decent price.
I was always told the car will be worth the value of the car in the market plus about 90% of the cost of the Lingenfelter package.
I am looking for personal experience of anyone who has taken their car to Lingenfelter. I would like to know if you felt it was worth the money, and if you sold your car how you did on the value.
I am thinking about taking my 2001 Mag Red Convertible to Lingenfelter to get the 383 package. I am wondering if this is a smart thing to do given the country's economic situation, the price of gas, and the falling value of muscle cars to boot.
This is not about my personal finance, this is more about being able to enjoy the car for a time and sell it for a decent price.
I was always told the car will be worth the value of the car in the market plus about 90% of the cost of the Lingenfelter package.
I am looking for personal experience of anyone who has taken their car to Lingenfelter. I would like to know if you felt it was worth the money, and if you sold your car how you did on the value.
You be lucky if you get 50% of the upgrades! !
Safety Car
Joined: Jun 2004
Posts: 4,986
Likes: 393
From: Stoney Creek Ontario
Don't ever expect to get your $$ back from up-grades and customizing your car.... do it only if you want to enjoy it for yourself, that's the only consideration you should have. You should be able to expect it to be worth a little more than the average stocker, but no where near what you have invested. I haven't modded my 02 vert yet, other than the snow tires and fuzzy dice, but I've sure sunk a pile of $$ in other cars over the years, and I don't regret a dime of it 'cause I did it to enjoy for myself.
Pro
Joined: Jan 2004
Posts: 749
Likes: 0
From: Las Cruces New Mexico
Race Director
Joined: Apr 2007
Posts: 19,730
Likes: 523
From: Ideals are peaceful...History is violent...St.Charles, MO.
2020 Corvette of the Year Finalist (appearance mods)
C5 of Year Winner (appearance mods) 2019
St. Jude Donor '08-'09-'12 thru'22
Melting Slicks
Joined: Jan 2007
Posts: 3,021
Likes: 133
From: Conejo Valley CA
Don't ever expect to get your $$ back from up-grades and customizing your car.... do it only if you want to enjoy it for yourself, that's the only consideration you should have. You should be able to expect it to be worth a little more than the average stocker, but no where near what you have invested.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Le Mans Master
Joined: May 2006
Posts: 5,383
Likes: 2
From: The real question is; When you turn your car on, does it return the favor..
Cruise-In VIII & IX Veteran
St. Jude Donor '07-'08
I had an 84 that I purchased for 5K... I put in another 12-13k in paint, body mods, stereo, wheel and tires, and other stuff. Could not sell it for 10K. Ended up trading it when I purchased my 02 for 7,500....
Yea this one I am putting in a lot of money on mods but I am going to keep it for at least 10 years and enjoy it....
Yea this one I am putting in a lot of money on mods but I am going to keep it for at least 10 years and enjoy it....
Banned Scam/Spammer
Joined: Jul 2006
Posts: 2,911
Likes: 10
From: Simi Valley CA
Always thought... if I ever upgraded to a Z06, I'd buy one that has already been modded the way I wanted it. When it came down to it, I really didn't want a car that has been (or possibly been) beat on. I bought a virgin. Not even the CLB or CAGS eliminator. As a matter of fact, he still had the registration sticker in the corner of the front window.
Administrator
Joined: Jun 2007
Posts: 66,409
Likes: 2,061
From: Bel Air (by way of Fort Worth, TX) Maryland
St. Jude Donor '12 thru '21
Guys/Girls:
I am thinking about taking my 2001 Mag Red Convertible to Lingenfelter to get the 383 package. I am wondering if this is a smart thing to do given the country's economic situation, the price of gas, and the falling value of muscle cars to boot.
This is not about my personal finance, this is more about being able to enjoy the car for a time and sell it for a decent price.
I was always told the car will be worth the value of the car in the market plus about 90% of the cost of the Lingenfelter package.
I am looking for personal experience of anyone who has taken their car to Lingenfelter. I would like to know if you felt it was worth the money, and if you sold your car how you did on the value.
I am thinking about taking my 2001 Mag Red Convertible to Lingenfelter to get the 383 package. I am wondering if this is a smart thing to do given the country's economic situation, the price of gas, and the falling value of muscle cars to boot.
This is not about my personal finance, this is more about being able to enjoy the car for a time and sell it for a decent price.
I was always told the car will be worth the value of the car in the market plus about 90% of the cost of the Lingenfelter package.
I am looking for personal experience of anyone who has taken their car to Lingenfelter. I would like to know if you felt it was worth the money, and if you sold your car how you did on the value.
Team Owner
Joined: Feb 2003
Posts: 37,329
Likes: 12
From: Plano Texas
CI 6-7-8-9 Veteran
CI-VI Car Show Winner
St. Jude Donor '07-'08-'09-'10-'11-'12-'13
Another viewpoint:
Say you have a 2001 (as noted). Value is 'x' depending on mileage.
You've no intentions of getting rid of the Vette in the near term (say 5 years).
So, in 5 years what will be the value of your Vette? Assume that by that time you have 75k on her - do you think you will be able to sell her for more than $10-12k?
Okay, now assume you install the LPE, for ~$10k. You keep the car for the next 5 years, but the motor has ~20k on it.
Do you believe it will be worth more than ~$10 - 12k - I.e., a similar Vette with an OEM motor with 75K?
Then the question becomes - in the next 5 years will you enjoy the Vette more, or less, with the LPE, and was the average yearly cost for the motor of $2k ($10k/5)worth it if the selling price makes the yearly costs drop to ~$1k (I.e., in 5 years your Vette sells for ~15 - 17k)?
Just a note - I went through this with my '99 - installed a LPE 427 (~$20K). I felt sure I would keep the Vette for at least 5, and possibly 10 years.
The cost per year thus were ~$2k and 4k per year, and with the possibility of recovering ~$5 - 7 k for a LPE 427 made the economics (and the enjoyment) acceptable.
Just my $0.02
Say you have a 2001 (as noted). Value is 'x' depending on mileage.
You've no intentions of getting rid of the Vette in the near term (say 5 years).
So, in 5 years what will be the value of your Vette? Assume that by that time you have 75k on her - do you think you will be able to sell her for more than $10-12k?
Okay, now assume you install the LPE, for ~$10k. You keep the car for the next 5 years, but the motor has ~20k on it.
Do you believe it will be worth more than ~$10 - 12k - I.e., a similar Vette with an OEM motor with 75K?
Then the question becomes - in the next 5 years will you enjoy the Vette more, or less, with the LPE, and was the average yearly cost for the motor of $2k ($10k/5)worth it if the selling price makes the yearly costs drop to ~$1k (I.e., in 5 years your Vette sells for ~15 - 17k)?
Just a note - I went through this with my '99 - installed a LPE 427 (~$20K). I felt sure I would keep the Vette for at least 5, and possibly 10 years.
The cost per year thus were ~$2k and 4k per year, and with the possibility of recovering ~$5 - 7 k for a LPE 427 made the economics (and the enjoyment) acceptable.
Just my $0.02
Race Director
Joined: Jan 2001
Posts: 14,999
Likes: 312
From: P-town Baby! Virginia
I would say that you should do it! You only live once. You will get a ton of enjoyment every time you turn the key! That in itself...will be well worth the price! Will you see much of your $$$ return when it's sale time? No...but you will see some...especially with an LPE car. Research and drive several different options...stroker, tt, s/c, heads/cam...etc.......that way you will be familiar with all the choices and make the right choice for you. If you are going to do a 383...why not go 427? Whatever you do.....I would do something and do it soon...so you can begin enjoying!!
Melting Slicks
Joined: Aug 2006
Posts: 2,123
Likes: 0
From: Issaquah WA
St. Jude Donor '08-'09-'10
Don't ever expect to get your $$ back from up-grades and customizing your car.... do it only if you want to enjoy it for yourself, that's the only consideration you should have. You should be able to expect it to be worth a little more than the average stocker, but no where near what you have invested.
Racer
Joined: Mar 2008
Posts: 323
Likes: 0
From: Warren Michigan
[QUOTE=
Yea this one I am putting in a lot of money on mods but I am going to keep it for at least 10 years and enjoy it.... [/QUOTE]
thats the way I live both on my cars, trucks and home. Do it if your going to enjoy it for a good period of time. If not, then you may enjoy spending money else where
Yea this one I am putting in a lot of money on mods but I am going to keep it for at least 10 years and enjoy it....
[/QUOTE]thats the way I live both on my cars, trucks and home. Do it if your going to enjoy it for a good period of time. If not, then you may enjoy spending money else where
Race Director
Joined: Jan 2002
Posts: 12,263
Likes: 86
From: O'Fallon Missouri
I recently bought an LPE car, and the seller got 100% of the cost of the engine package back. Only thing is, he had to throw the car in for free. 
I bought the car for a little more than he paid for the LPE Twin Turbo package.
I bought the car for a little more than he paid for the LPE Twin Turbo package.
