Will the ZL1 appreciate? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Weezerj · 05-29-2011, 10:12 PM

Is this car ever going to be worth at least what you paid for it (or more)?

Assuming its kept low(er) miles?

SuperCarEnthusiast · 05-29-2011, 10:20 PM

I been through a couple of auto auctions for classic cars; and if we have inflation in the future; it may be possible; but in all likely hood; it will not be worth what you pay for it new. Only cars that are special usually appreciate and they are cars that are usually European brands like Mercedes or cars that are Shelby type limited editions made in the 60s or cars in that are made in before the 60s.

Cars that do not have limited runs usually depreciate even in "new condition".

Ovenmitt · 05-29-2011, 10:32 PM

no.

*DGthe3* · 05-30-2011, 12:06 AM

It might keep up with inflation, but probably not. Either way, there are far better ways to invest your money.

MARINE1991 · 05-30-2011, 12:22 AM

Nope it will depriate like every other car...

Weezerj · 05-30-2011, 01:05 AM

then modding it (post warranty) will not drop its value?

Weezerj · 05-30-2011, 01:06 AM

Quote:

Originally Posted by DGthe3

Either way, there are far better ways to invest your money.

but none funner

2ss-booya · 05-30-2011, 01:18 AM

Modding usually does not increase value however if on a slight chance it does, you decrease the amount of people willing to buy your car

Camaro_hx · 05-30-2011, 01:27 AM

Quote:

Originally Posted by Weezerj

then modding it (post warranty) will not drop its value?

Stock usually will sell @ higher price than modified.

LostInMoscow · 05-30-2011, 01:29 AM

If you look at the price for hemi 'cudas over time since they were bought new, I think you will see that they initially dropped in price before they started to appreciate. IF, and that's a big IF, the ZL1 would appreciate like a classic car, there would be an initial depreciation. It's a crapshoot!

The smart thing to do is to always buy after someone else takes the new car depreciation. I bought my last 5 cars with less than 10,000 miles on them for major discounts over what they cost new. Why pay $55K for a ZL1 new when they will cost $45K a year later or there abouts? Want factor! I know!

ffrcobra_65 · 05-30-2011, 01:43 AM

if mass produced...definitely NOT any time soon and a huge maybe in 40 years but who cares in 40 years?

Ron66Vette&10SS · 05-30-2011, 02:32 AM

Quote:

Originally Posted by ffrcobra_65

if mass produced...definitely NOT any time soon and a huge maybe in 40 years but who cares in 40 years?

......100%

nitto85 · 05-30-2011, 02:36 AM

Nope.

LostInMoscow · 05-30-2011, 04:56 AM

Quote:

Originally Posted by ffrcobra_65

if mass produced...definitely NOT any time soon and a huge maybe in 40 years but who cares in 40 years?

While I agree with you in principle, why in the world are late '70s Trans Ams going for over $20K right now? These kinds of things are hard to predict.

05-29-2011, 10:12 PM	#1
Weezerj Drives: 2012 Camaro 2SS -- 02 Escalade Join Date: Apr 2011 Location: Vancouver, WA Posts: 668 View My Garage	Will the ZL1 appreciate? Is this car ever going to be worth at least what you paid for it (or more)? Assuming its kept low(er) miles?

05-30-2011, 12:06 AM	#4
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,372	It might keep up with inflation, but probably not. Either way, there are far better ways to invest your money. __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

05-30-2011, 01:29 AM	#10
LostInMoscow Exiled Speed Junkie Drives: None Join Date: May 2010 Location: Moscow, Russia Posts: 803	If you look at the price for hemi 'cudas over time since they were bought new, I think you will see that they initially dropped in price before they started to appreciate. IF, and that's a big IF, the ZL1 would appreciate like a classic car, there would be an initial depreciation. It's a crapshoot! The smart thing to do is to always buy after someone else takes the new car depreciation. I bought my last 5 cars with less than 10,000 miles on them for major discounts over what they cost new. Why pay $55K for a ZL1 new when they will cost $45K a year later or there abouts? Want factor! I know! __________________

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05-29-2011, 10:20 PM	#2
SuperCarEnthusiast Drives: N/A Join Date: Feb 2011 Location: N/A Posts: 105	I been through a couple of auto auctions for classic cars; and if we have inflation in the future; it may be possible; but in all likely hood; it will not be worth what you pay for it new. Only cars that are special usually appreciate and they are cars that are usually European brands like Mercedes or cars that are Shelby type limited editions made in the 60s or cars in that are made in before the 60s. Cars that do not have limited runs usually depreciate even in "new condition".

05-29-2011, 10:32 PM	#3
Ovenmitt Account Suspended Drives: 2011 RJT 1SS Join Date: Apr 2010 Location: Fort Lewis, Washington Posts: 730	no.

05-30-2011, 12:22 AM	#5
MARINE1991 Drives: COTW 8/29/11 2010 CAMARO Join Date: Jul 2009 Location: HOMELESS Posts: 10,010 View My Garage	Nope it will depriate like every other car...

05-30-2011, 01:05 AM	#6
Weezerj Drives: 2012 Camaro 2SS -- 02 Escalade Join Date: Apr 2011 Location: Vancouver, WA Posts: 668 View My Garage	then modding it (post warranty) will not drop its value?

05-30-2011, 01:18 AM	#8
2ss-booya Drives: 2015 SS Sedan M6 Join Date: Dec 2009 Location: Dallas, TX Posts: 1,086	Modding usually does not increase value however if on a slight chance it does, you decrease the amount of people willing to buy your car

05-30-2011, 01:43 AM	#11
ffrcobra_65 Account Suspended Drives: SuperCharged 2SS/RS IOM MN6 Join Date: May 2009 Location: CA Posts: 5,094	if mass produced...definitely NOT any time soon and a huge maybe in 40 years but who cares in 40 years?

05-30-2011, 02:36 AM	#13
nitto85 Caffeine Injected Drives: 13 Ram - 05 Widebody 1050rwhp Vette Join Date: Sep 2010 Location: Woodstock, Ga Posts: 1,033	Nope.