1SC 2003 coupe - investment or not?
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Melting Slicks
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1SC 2003 coupe - investment or not?
Yeh, so we know that there's been quite a few "special" editions of the Corvette over the years. The original GSs (which ARE, of course, worth a nice chunk of change), the following edition, the CE from last year, and so on.
I'm looking for opinions from people that probably know more about this than I do - given a fairly low-mileage 1SC coupe (say, <5000 at the most), does anyone have some sort of educated guess on the value of this car at any given interval?
I'm having a bit of an argument with someone over the subject. With some 11,000 / 33,000 '03 models being the 1SC, and 4,000 of those being coupes, how long would it take for this car to significantly appreciate? It doesn't seem like the best investment in the world - especially considering it's a car to enjoy, imo - but I'm sure some of you have more concrete footing with your answers.
Anyone?
I'm looking for opinions from people that probably know more about this than I do - given a fairly low-mileage 1SC coupe (say, <5000 at the most), does anyone have some sort of educated guess on the value of this car at any given interval?
I'm having a bit of an argument with someone over the subject. With some 11,000 / 33,000 '03 models being the 1SC, and 4,000 of those being coupes, how long would it take for this car to significantly appreciate? It doesn't seem like the best investment in the world - especially considering it's a car to enjoy, imo - but I'm sure some of you have more concrete footing with your answers.
Anyone?
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St. Jude Contributor
A Vette is NOT an investment. Sorry, jmho. There are just too many Vettes out there for it to appreciate value. Those w/Comm Ed Coupes and Z06's won't even appreciate, (although they may hold their value better over time). The only way I see a C5 actually "appreciating", will be if you put it in a plastic climate controlled storage tube, and then wait 20 years, minimum.
Buy a C5 to enjoy it, not as an investment.
(BTW - I'll be very curious to see what happens over the next 15+ years for those who bought a C6 before the "color change fiasco".)
Buy a C5 to enjoy it, not as an investment.
(BTW - I'll be very curious to see what happens over the next 15+ years for those who bought a C6 before the "color change fiasco".)
Last edited by IwantmyC5; 08-26-2004 at 10:10 PM.
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That's my opinion, as well, I'm just wondering what would have to happen and in what time frame in order for the car to actually be worth the "investment"; personally, if I had $50k-ish to spend on a car, it surely wouldn't be to garage-queen it.
I can see the line of thought - ~4,000 / ~33,000 isn't exactly mass-production - but it just doesn't seem like a good investment.
The reason I ask, of course, is that I'm not exactly an authoritative source on the matter.
I can see the line of thought - ~4,000 / ~33,000 isn't exactly mass-production - but it just doesn't seem like a good investment.
The reason I ask, of course, is that I'm not exactly an authoritative source on the matter.
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St. Jude Donor '03
I agree. Put the probably $40K into a 60's muscle car if you're not going to drive it anyway. Corvettes will never be collector cars. Too many out there. That's what I can't understand about some guys that only drive them on weekends, etc. The next guy will get a great value for the $$ spent and they've missed out on alot of fun driving! Sorry, I know that's a whole nother arguement.
Don't buy it as an investment!
Don't buy it as an investment!
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[QUOTE=IwantmyC5]A Vette is NOT an investment. Sorry, jmho. There are just too many Vettes out there for it to appreciate value. Those w/Comm Ed Coupes and Z06's won't even appreciate, (although they may hold their value better over time). The only way I see a C5 actually "appreciating", will be if you put it in a plastic climate controlled storage tube, and then wait 20 years, minimum.
Buy a C5 to enjoy it, not as an investment.
Buy a C5 to enjoy it, not as an investment.