I am considering a Ligenfelter 630 package for my 2009 Z06. I did search the forum on Ligenfelter and couldn't find this exact topic. If it is out there and I missed it, I apologize.

I really what some thoughts on how that type of mod would impact the the valuation. My Ligenfelter sales rep said that it would increase the value by approximately 1/2 the package price, which really surprised my, but I also didn't get the impression he was overselling either.

Your views will be appreciated!

 

I just bought an '09 ZR1 with 1700 miles on it (Perfect shape). It had a Lingenfelter Stage 3 upgrade that had 50 miles on it. I bought this car cheaper than ANY ZR1's (bone stock or modified) I have seen advertised. Does that help you with valuation?

 

Very interesting.....thank you

 

Don't do mods thinking of the value added (for the most part there is none). Do it because you want to and it will put a smile on your face.

 

I'm sure if you have represented mods done by someone like Lingenfelter, your value would increase. I'm pretty sure that mods like most of us do on here actually hurt the resale value though (unless you sale directly to someone who wants those mods).

 

Yes, not doing it to improve value, but was concerned of the potential negative impact. Thx

 

 

Thx

 

Personally I say don't ever plan on getting any extra for any mods you add, and go into it knowing you will limit your potential audience when you eventually go to sell. If you are lucky and find the right buyer you might get a little something extra.

Do the mods for your enjoyment only and then don't worry about it. I've spent a ton of money on my Avalanche that I know I'll never get back but I've also gotten 9 years and counting of enjoyment out of them.

 

Warranty voiding speed mods do not increase resale value. Reread Racer's post.

Trading a car with a sc is a nightmare unless the dealership knows of a buyer. Best place to sell a car like that is on this forum.

Mod because u want the power and the fun and don't worry about resale

 

Most owners that I know that had mods done lost their a** on them when they sold it. In other words whatever cash you put in is lost at resale unless you have that miracle buyer. And then you also sometimes have a hard time selling it because of the mods.

 

dealers generally like to see cars bone stock when its trade in time, they don't like "modified" cars, unless its a particular reputable modification, like a shelby name or Rouse.

in some instances it will even bring the cost of a car down, i didn't say vette, is said car, so car in general......

with my car, i sank about another 30K into it with various mods, don't expect to get any of that back, so it's all doubled, meaning, i have double the parts, if i modify a stock part it's put away and another modified part put in place, this way i can put the car back to exactly to stock if i ever decide to trade it in....

then i'll list all the other stuff for sale here or on eBay...

 

I think mods are great if you can find the right buyer. But even the right buyer really isn't going to pay extra for the mods. Light mods help sell a car, engine mods tell the buyer to beware of future or present problems. If you plan on keeping a car for a long time, do the mods. If not keeping it, plan on losing a bunch of money. It's hard to find that needle in a haystack that wants someone's mods with no suspect.

 

LPE Is a known entity out there in Corvette world.However,only to a collector will these mods add any real value.In all of my experience mods bring 25 cents on the dollar when you do them yourself,maybe 30 or 40 cents if it's LPE or Callaway or one of the better known ones,if the right buyer comes along. Doesn't mean they are bad,just that people prefer to do their own mods if they mod at all.

 

the above explains the psychology behind mods for the next buyer. which then explains the actual value at the time of sale.

the other posts look at it from a dealer standpoint.

start out with this in mind: most likely, you lower the number of potential buyers that you can interest in your car. less demand, less cost which means less that you can ask for the car including the mods.

some will say there are buyers out there who want this mod, this "name"---maybe true, but how many are there looking at just the time you want to sell? and some will say, it only takes one buyer for that mod or "name." true, but will that one buyer appear when you are selling and if not, what's the value to all the other buyers?

and that is despite the fact that the name is one of the best in the business and highly respected.

 

Mods are only valuable to the person who puts them on the car. Unless you find a like minded person when you sell the car they may actually devalue the car for resale.

 

Mods are done for your own pleasure. When selling the car you have a larger market of buyers if you can return it to stock. Otherwise, you need a customer interested in all the exact mods that you like. Very small market of potential buyers.

 

you won't get 10 cents on the dollar for mods. on the contrary, you'll get negative value vs. bone stock.

 

When it comes time to sell your modified C6 there will be a significantly smaller market. The vast majority of used car buyers want showroom stock. Some dealerships are hesitant to take-in a highly modified C6 (of course when they're selling one it's the greatest thing since sliced bread). Although the resale market is diminished, certain astute buyers recognize the benefits of buying a performance modified car done 'right.' Corvette owners are widely known for selling well maintained, low mileage cars. Condition is paramount but many realize they can acquire a modified car at a discount from what it would cost them to do the same modifications to a stock car.

Having modifications done by one of the premier names in Corvette performance is a huge plus. Names such as Lingenfelter, Callaway, Pratt & Miller (and a couple others) have long established, international reputations for quality and excellence….their name alone speaks volumes. If you performance modify a newer C6 expect to lose your power-train warranty, however, Lingenfelter provides a great warranty on their applications (racing excepted). This is a testament to the quality of their workmanship. I’ve seen a couple professionally modified C5’s (one by Lingenfelter) sell for significantly more than their stock counterpart would sell for. That said, it’s not like you’re going to recoup the money spent on modifications.

I’ve never bought or modified a car with any thought about resale value. I buy a vehicle for its utility and driving enjoyment and I performance modify a car solely for my use and driving enjoyment. I don’t flip in and out of cars every couple years….I keep a good car for quite-a-few years. With years of regular track use my fully built LPE motor has bulletproof….it’s been phenomenal. If you want to performance modify your car I suggest you go with the best (such as Lingenfelter) and you don’t get overly hung-up on resale value. Mod the car and enjoy the hell out of it. When it comes time to sell it is what it is.

 

Thx