FS: Dale Jr's C7 Grand Sport
#61
Melting Slicks
Member Since: Sep 2016
Location: Northville Michigan
Posts: 3,074
Received 1,195 Likes
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663 Posts
C7 of the Year - Unmodified Finalist 2021
Once a car is titled then it is just another used car! Cars generally are not an investment as most depreciate 25% when you drive off the lot and from there sports cars depreciate each year another 15-25% for each year you own it.
It doesn't help that all the buzz is about the ZR1 in which the used market is getting flooded with corvettes and anyone that owns one is taking a bath if they try to sell. In your case, you didn't buy but won the car so I would check Kelly Blue Book kbb.com and see what its worth and discount it to move it. KBB says 55-60K with 300 miles and excellent condition - see below!
Are there some people who have more money than brains and spend and buy ***** nilly because they can but a signature on a dash pad is not worth 30k over what you can buy the exact same car brand new. There is no investment value in that signature for 99.9% of people. However, dead celebrities like Elvis Presley, Michigan Jackson or someone of that stature might be a little different but not in low end cars under 100k is my thought.
The market dictates what a car is worth and it boils down to supply and demand and there is ALOT OF SUPPLY out here. Celebrity affiliation really doesn't add any additional value to the average Joe, I am not going to pay a premium for a car owned by any celebrity and/or president for that matter.
You got it for free less any fees and tax consequences, take what you can and move on as each day you own it the value depreciates because a car is not an investment but a depreciating asset. BTW, people looking for yellow is a niche market in my opinion as the color isn't for everyone which means its less people interested yet alone to over pay. See the top selling colors below:
Top Selling Colors:
2014
1. Torch Red
2. Arctic White
3. Black
2015
1. Arctic White
2. Torch Red
3. Shark Gray
2016
1. Arctic White
2. Black
3. Torch Red
Most Popular 2015 Stingray Colors....
Arctic White...........19%
Torch Red..............17%
Shark Grey............15%
Black....................14%
Laguna Blue............9%
Crystal Red.............7%
Velocity Yellow........5%
Blade Silver............5%
Night Race Blue.......5%
Daytona Sunrise......4%
It doesn't help that all the buzz is about the ZR1 in which the used market is getting flooded with corvettes and anyone that owns one is taking a bath if they try to sell. In your case, you didn't buy but won the car so I would check Kelly Blue Book kbb.com and see what its worth and discount it to move it. KBB says 55-60K with 300 miles and excellent condition - see below!
Are there some people who have more money than brains and spend and buy ***** nilly because they can but a signature on a dash pad is not worth 30k over what you can buy the exact same car brand new. There is no investment value in that signature for 99.9% of people. However, dead celebrities like Elvis Presley, Michigan Jackson or someone of that stature might be a little different but not in low end cars under 100k is my thought.
The market dictates what a car is worth and it boils down to supply and demand and there is ALOT OF SUPPLY out here. Celebrity affiliation really doesn't add any additional value to the average Joe, I am not going to pay a premium for a car owned by any celebrity and/or president for that matter.
You got it for free less any fees and tax consequences, take what you can and move on as each day you own it the value depreciates because a car is not an investment but a depreciating asset. BTW, people looking for yellow is a niche market in my opinion as the color isn't for everyone which means its less people interested yet alone to over pay. See the top selling colors below:
Top Selling Colors:
2014
1. Torch Red
2. Arctic White
3. Black
2015
1. Arctic White
2. Torch Red
3. Shark Gray
2016
1. Arctic White
2. Black
3. Torch Red
Most Popular 2015 Stingray Colors....
Arctic White...........19%
Torch Red..............17%
Shark Grey............15%
Black....................14%
Laguna Blue............9%
Crystal Red.............7%
Velocity Yellow........5%
Blade Silver............5%
Night Race Blue.......5%
Daytona Sunrise......4%
Last edited by KGrant; 11-16-2017 at 09:19 AM.
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Hotrod-Realtor (11-16-2017)
#62
Melting Slicks
Mike, haters are going to hate, let them hate. GLWS and the "right" person will come along and I am sure that you will agree on a fair price and a Dale Jr. fan will have a great piece of Dale Jr. history. GLWS.
The following users liked this post:
$25Mike (11-21-2017)
#63
Drifting
I also haven't won any nascar championships, would you like me to sign the dash as well??
#64
Melting Slicks
Member Since: Sep 2016
Location: Northville Michigan
Posts: 3,074
Received 1,195 Likes
on
663 Posts
C7 of the Year - Unmodified Finalist 2021
I don't think anyone is being a hater but providing honest and realistic advise of what is happening in the marketplace. This is a car that was likely donated to the foundation and the gentleman lucked up and had the winning ticket.
I would place a $20 bet that No ONE would pay $93,000 + for a car because of a signature on the Dash Pad when you can buy the same car for 30k less. As mentioned in the thread, the longer you have the car the more it depreciates.
Don't look a gift horse in the mouth and take the fair market value or enjoy the car or wait it out and then regret not heeding the unbiased advise and wonder why the car is only work 50k and dropping.
The OP can do whatever he pleases and should be respected for that but I sense the dreaded statement will ring true later in that "We Told You So".
I would place a $20 bet that No ONE would pay $93,000 + for a car because of a signature on the Dash Pad when you can buy the same car for 30k less. As mentioned in the thread, the longer you have the car the more it depreciates.
Don't look a gift horse in the mouth and take the fair market value or enjoy the car or wait it out and then regret not heeding the unbiased advise and wonder why the car is only work 50k and dropping.
The OP can do whatever he pleases and should be respected for that but I sense the dreaded statement will ring true later in that "We Told You So".
#65
Burning Brakes
Deep Purple - Hush
HUSH, wait and we will...... good luck
HUSH, wait and we will...... good luck
#66
I don't think anyone is being a hater but providing honest and realistic advise of what is happening in the marketplace. This is a car that was likely donated to the foundation and the gentleman lucked up and had the winning ticket.
I would place a $20 bet that No ONE would pay $93,000 + for a car because of a signature on the Dash Pad when you can buy the same car for 30k less. As mentioned in the thread, the longer you have the car the more it depreciates.
Don't look a gift horse in the mouth and take the fair market value or enjoy the car or wait it out and then regret not heeding the unbiased advise and wonder why the car is only work 50k and dropping.
The OP can do whatever he pleases and should be respected for that but I sense the dreaded statement will ring true later in that "We Told You So".
I would place a $20 bet that No ONE would pay $93,000 + for a car because of a signature on the Dash Pad when you can buy the same car for 30k less. As mentioned in the thread, the longer you have the car the more it depreciates.
Don't look a gift horse in the mouth and take the fair market value or enjoy the car or wait it out and then regret not heeding the unbiased advise and wonder why the car is only work 50k and dropping.
The OP can do whatever he pleases and should be respected for that but I sense the dreaded statement will ring true later in that "We Told You So".
Last edited by $25Mike; 11-21-2017 at 10:34 PM.
#69
Burning Brakes
Thank you, have FUN with your toy. best to u