04-07-2024, 08:34 PM | #1 |
Drives: '16 Z06/Z07, '15 Z/28,1972 Stingray Join Date: Feb 2013
Location: Drivers Seat
Posts: 837
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Z/28 values
Any comments?
My $.02…hold on!
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2015 Z/28 #642 Black Bad Ass
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04-07-2024, 10:03 PM | #2 |
Drives: Chevrolet Camaro Z28 (2015) Join Date: Feb 2023
Location: Washington state
Posts: 81
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as a general trend, cars drop in value for the first 20 years, then if they have some kind of collecting value they climb. I think it's too early for the z/28 to rise in value. now it's time to buy them
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2015 Red Z/28. Seattle area |
04-08-2024, 07:28 AM | #3 |
Older Than Dirt
Drives: 2010 & 2013 Camaros Join Date: Apr 2010
Location: Aiken, SC
Posts: 4,565
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As an even more general trend- cars are generally a bad investment. Not all, but most. Nameplates alone doesn't always mean it's valuable. Sure, one would expect a Z/28 to be worth more than most other Camaros in the same condition, but if you beat on yours and wrecked it, raced it, etc., you won't get what you think you will.
If you have an ultra-low mile original, then you have to keep it that way or value drops. You have to maintain it, or value drops. In order to baby it the way it needs to be to be worth $$ down the road, there needs to be demand, as well as paying for the insurance and upkeep and storage along the way. And unless you want a 1:1 scale model car to look at every now and then, as that's what you'll end up with, it may not be worth it. Can't enjoy it the way it was meant to be, so what's the point? And the math is usually fuzzy when it comes to average costs to own a car for say, 20 years. I know some people say "I drove my car for 10 years and got the same price I paid when new, so I broke even when I sold it." Except they didn't include inflation. So technically, they lost value in reality. This is to say those who pamper their cars shouldn't suffer as much at sale time as those that use their cars to store their used McDonald's coffee cups and other useless junk, etc. They'll do better, sure. But if you go down the "keeping it pristine" route, you can't just partially do it. Whole hog or nothing. Even if you keep it clean and well-cared for, driving it around periodically will hurt the value as miles rack up. It just depends on what you're wanting to do. But unless the kids now grow into wanting a Z/28 as adults, the value may not hold as well as one would hope. If you're 60+ and have a specialty car, then drive it. You likely won't live long enough to do much with the extra few bucks you get by poking it away for others to enjoy one day. If you want to pass it on to relatives, that's one thing, but thinking the car's going to be worth big bucks 20 years from now? That's a gamble I'm not going to take anymore. YMMV
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2010 2SS TE, 1 of 822/2013 Camaro ZL1 vert, 1 of 54
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04-08-2024, 08:14 AM | #4 |
Drives: 2015 Z28 Join Date: Feb 2022
Location: Cambridge UK
Posts: 129
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If youre going to keep a car for 20 years while it appreciates you also need to factor in storage, insurance and maintenance costs, people often overlook this.
That said, if you make the right choice you can be pretty confident that you wont lose much, I actually made money owning a Ferrari F355 and Im pretty sure my MR-S and '08 135i coupe are worth more than I paid for them and Z28 fits right into this category for me - sought after, limited numbers, legendary name and dynamically awesome, ID get another one if I could |
04-10-2024, 10:58 AM | #5 |
Drives: Z/28 Join Date: Feb 2022
Location: Orange County CA
Posts: 299
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Nope. Z is slept on by enthusiasts. It's not high on the list like Mustang GT350(R)/Ms/JDMs/P-GTs.
Maybe later on as suggested, similar to Mustang Cobra R? I drive and enjoy my cars and hopefully it will not depreciate too much comes time to move on. I got my money back with cars like DC2ITR/M3/EVOMR, etc. Kind of double edge sword since we tend to like the same cars for when time comes to buy and sell. |
04-10-2024, 02:49 PM | #6 |
Older Than Dirt
Drives: 2010 & 2013 Camaros Join Date: Apr 2010
Location: Aiken, SC
Posts: 4,565
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Plus, unless the parts availability is even remotely available to fix anything that breaks, cars that still have aftermarket or corporate support to any degree will hold more value than the glass egg cars. Will it be worth $300K or more to make a custom part manufacturing cost worth it down the road? Only time will tell.
I still think the COPO cars will be the ones that draw the bigger bucks. But stranger things have happened. There's value in saving the car, someone with more money than brains, or a smart person that has of money will do so. And hopefully loan it to a museum so when we're all 90 years old we can see it and say I remember when you could buy one of these new...
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2010 2SS TE, 1 of 822/2013 Camaro ZL1 vert, 1 of 54
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04-11-2024, 10:43 AM | #7 |
Drives: Z/28 Join Date: Feb 2022
Location: Orange County CA
Posts: 299
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Yes, COPOs will be highly sought after.
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04-11-2024, 11:17 AM | #8 |
Drives: 2015 Z/28, 2007 HHR Join Date: Jan 2014
Location: Republic of Texas
Posts: 1,148
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Im about to hit 50k miles of depreciation in mine today, and plan to keep going for as long as the car will let me.
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04-11-2024, 11:50 AM | #9 |
Drives: 2014 Z28 Join Date: Jun 2022
Location: Idaho
Posts: 20
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I don't believe modern COPOs will increase in value as they do not have a title or are street legal in any way like the 1960's models. They are only used on the drag strip.
As for the Z, i own mine for the pleasure of driving it. I didn't purchase it as an investment, a damn simple money market is returning 5% which is a better investment. |
04-11-2024, 07:45 PM | #10 | |
Older Than Dirt
Drives: 2010 & 2013 Camaros Join Date: Apr 2010
Location: Aiken, SC
Posts: 4,565
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Quote:
The Z/28 isn't as rare. And if it weren't for the first gen Z/28's popularity, the modern Z/28 maybe wouldn't have even happened. My uncle had a 69 Z/28 he bought new and it was just a fast car to him. Bent every corner on that thing. By the time he got rid of it, it wasn't worth a whole lot. He didn't seem to care back then. Those cars were factory hot rods meant to be driven hard. But he did see the error of his ways years later when those cars did become highly sought after. Don't get me wrong, a Z/28 is a desirable car. My pick is still the ZL1. But right now, it's not as desirable as most others. Time may change that, but the world is evolving into a place none of us know how the future muscle car landscape is going to play out.
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2010 2SS TE, 1 of 822/2013 Camaro ZL1 vert, 1 of 54
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04-12-2024, 11:56 AM | #11 |
Drives: Z/28 Join Date: Feb 2022
Location: Orange County CA
Posts: 299
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Glad the market serves both groups of people. Some like FI and some like NA. Nothing wrong in either.
I just prefer NA cars like Z06/GT3/DC2ITR and early days of F1 with NA V10/V8. Of course, the best of NASCAR with that glorious V8! |
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