I was told of a 1996 coupe for sale that has less than 1000 miles on it..Its not a Collector Edition, or LT4 its just a plain LT1 automatic..

I think the price I've been told is fair, my question is would it be worth buying this car with the expectation of it going up in value.. I now have a 96 coupe that I drive & race, so the new one would not be driven..

I'm not a collector, & have never had a car in a show etc. thats my reason for the post... I wont buy it if it wont increase in value in a "reasonable" amount of time.. I'm over 60 yr old, so I really dont plan on keeping it too long, any thoughts would be appreciated...

 

Sure it will go up in value, but at a rate less than inflation. Deduct the cost of storage and upkeep, and you've got a guaranteed poor investment. Put the money in the bank, let the grandkids buy what they want.

 

Thanks Mike..

Thats what I wanted to know exactly.. maybe I'll take that $$ & put it toward a C6

 

I agree, as an investment, a car is ranked up there with Enron.

Or should I say down there with Enron.

 

I would expect the LT1 C4's to hold around the 12k to 15k range for quite a while. I think they're fabulous cars - I own a '94 auto coupe. Unfortunately they're shadowed by the C5's, which are now shadowed by the C6's. I don't think these things will ever rise in value - I expect them to bottom-out around 10k. You're seeing ZR1's in the under 20k range now, and C5's are about to break 20k.

The late-model C4's were just all alike, and they are plentiful. They are quite expensive to repair if banged up in the front, and you've got the threat of very expensive electronic failures that raise the risk of long-term ownership, along with the expensive Opti-spark distributors (I'm on my third) and so forth.

 

Guys, thanks for the quick, & informative responses.. Now with my new education, I'm going to take a "pass" on the low milage 96. and use the $$ for a Condo in Az.


Dwayne.. I replied to your post only because I saw you live in Az. I just got home from there.. I was there for 2 weeks (business & pleasure) & I LOVE The Weather It was 102 - 106 every day, but between the AC in all the stores, & those "great little misters" it wasn't that bad.

It sure beats the #$%^& winters we get here in NY.. I Hate Cold, & Snow

I was told in Jan, & Feb its 70 daytime, & 50 at night.. ya gotta love that weather!!! Just a little humor.. I drag race a lot, & while out there I rented a Ford Taurus.. all went well, then I took the wife & grand kids to see Grand Canyon.. Its great ! We got a motel room in Flagstaff, & in the AM when we left I started to drive the Taurus & thought I had left the emergency break ON... the car was a slug... nope the break was off.... & as I drove on, I saw a sign "ELV 7600 feet"

Arghhhhhhhhhh no wonder there was no performance, I was almost in outer space, or low earth orbit

I thought I'd just mention how really nice it is in Az. We left Flagstaff it was 65 deg that morning, we spent a great day in Sedona.. all I can say is WOW... and drove back to Scottsdale & 105 deg temp..

One thing I know for sure, if I decide to retire in a warmer climate it will be Az. before Fl. no Hurricanes, floods, & the cars stay clean..

 

My brother moved from NY to AZ about a year ago. He loves it as it is great for his arthritis. Only thing is summer in AZ is like winter in NY. You can't go out of the house. It is too hot to go out after 10AM or before 10 PM. He has a vert but can't drop the top without getting sun stroke.

Far from ideal. I don't care how dry the heat is 110 degrees is *&*$## HOT.

 

Well I have spent my whole life out here in one desert or another, it's something that you have to love, or it will kill you.

If you do decide to move to Az. be sure to look up the ACE. (click link in sig), we have lots of fun all year round...

Also, you can tell your really nutz when you walk out the door at 5am, and you see 100 degrees on the thermometer, and think, WOW! this is NICE!....

 

Check out what's in the Tulsa World this weekend:

BEAUTIFUL
Red 1992 Corvette, Z-R1 chrome wheels, Bose Gold stereo, 6 spd, Borla exhaust, glass top, ex. cond. $13,100. Call 352-1000

That's the 918 area code if anyone's interested.

 

Oops - my mistake. I read it too quickly.

 

"I won't buy it if it wont increase in value in a "reasonable" amount of time."

Financially Corvettes are not good investments, unless you factor in the value of the driving pleasure and other intangibles, and compare to the dollars spent - then it is a very good investment.