I was offered a COPO from GM, need to sell my 69 camaro

[speedmon]

Originally Posted by gkvette

Just curious, how much do you think your 69 is worth?

That's the question.....

Stocker 69 pricing peaked last year from what I've seen....and is very soft right now.
It used to be that stockers fetched top dollar...but its the resto/mods that are in the $70s-$90s.

Stocker Z-28s are lucky to see $50K...and it needs to be the original block...and heads and intake/carb and exhaust and stamped trans....

Stocker SS 350s with T350s are lucky to see the $30K-$35K range.....and if not a #'s matching car.....I've seen em go for $22K to $28K depending on condition....its more economical to gut em and resto/mod em......and that's about $50K in cost.

[tpower]

Get the copo

[AWSME SS]

Do what ever will make you happier.

[joelster]

Get the COPO.

If you don't end up using it or enjoying it you can easily sell it. Then you can buy WHATEVER '69 Camaro you want. Full resto perfect '69 Z28 cross-ram, etc, etc.

[Trackman]

Get the COPO

[K1SSRSS]

Keep the 69 and find another way to finance the COPO if possible. The COPO will go up in value, but not for another 20-30 years, the 69 will also and I think you will have a very hard time replacing such a well documented original 69.

I was debating on doing the same with my well documented 68 RS/SS and a new Z/28, but after watching the market which is very low for collector cars right now and looking back on how hard it was to find the 68 in decent shape with documentation, I have decided to find a different way to finance the Z/28, luckily I could only find a 2015 allocation so I have a little while to save up.

To be honest what you will get from the 69 won't get you very close pricewise to the COPO with the market the way it is right now. When the market bounces back in 5-10 years you will be kicking yourself for selling the 69 because they will be back up 2-3 time what their bringing now.

[joelster]

Originally Posted by K1SSRSS

Keep the 69 and find another way to finance the COPO if possible. The COPO will go up in value, but not for another 20-30 years, .

You're crazy! You can't find a COPO anywhere for under $120k. They all cost about the same, roughly $91k. Quite a return on the investment for such a short period of time.

Here's one for sale:

http://www.racingjunk.com/Complete-R...PO-Camaro.html

[SSMKNU2]

I'd keep the 69. No doubts

[Padre]

Salesman at my dealer got a first year COPO.

He turned around and sold it for $300,000. Funded his kid's college.

But nowaday's, that kind of return won't happen. I see lots of COPO's at LSX events.

Padre

[gen=5]

Question why has this thread turned into a advise thread about if he should by a copo or not.They sell,and there are certain people who aren't interested in a street car,and a copo fits there needs..

If its raced and wins a few races within the NHRA the value will increase over those that just sit....and have no racing history,so I say if it makes you happy and even if its to have for a collection its a great car,as in the coming yrs some people do not understand that CAFE is going to kill the racing and sports car world..

[Z/28Dan]

Originally Posted by gen=5

Question why has this thread turned into a advise thread about if he should by a copo or not.They sell,and there are certain people who aren't interested in a street car,and a copo fits there needs..

Looking back at OP, it reads like you are floating your '69 out there for offers or opinions...not sure which. I definitely agree with your pricing analysis. You are right on the money as far as current value. I sold my '69 last year and got into the 5th Gen world. I have never looked back. You already have a 5th Gen so you have the best of both worlds. And an unmolested '69 is a rare car indeed.

The question now is, what drivetrain do you put in your new COPO? Me, I'd go with the 427. And if I was smart and wanted to invest 90K, I would buy a COPO in a heartbeat. That car is definitely going up in value over the next 10-15 years. Way more than a '69 will--over that same period.

Why? Because the guys buying muscle cars now, drove them in high school. Just look at the history of car collecting and you'll see that once the prime buyers age out, the market softens. '32 Fords, '57 Chevys, mid year Vette's, etc. Now everyone is into the early '70's muscle. It doesn't mean the value goes down, it just doesn't go up as much by comparison to their prime years. In 15 years the prime aged buyers will be looking for 5th Gen Camaros. And a ZL1, Z/28 & COPO will be at the top of their list.

I may be wrong, but that's my unscientific opinion.

Discuss...

[stratman2SSRS]

Thanks for all of the opinions guys, it's much appreciated.
I will discussing the copo with GM tomorrow.
I'll let you know how it goes.

[BronxxBombers213]

NO!

/thread

[SirCrush32]

Originally Posted by stratman2SSRS

I may need to sell my 1969 Hugger orange SS.
It is a true survivor car.
Original 350 engine.
Original automatic trans mission.
90% of the paint is original.
It has never been hot rodded or modded.
Original carb, and exhaust manifolds.
Totally original rust free body.
NO Bondo anywhere.
I have the protecto plate and build sheet.
I also have the original owners order form where he picked the options.
Very low mileage.
You will not find a more original 1969 Camaro around.

The ONLY reason I am even considering selling this car is because I was given notice from General Motors that I have been chosen to have the chance to buy a 2014 COPO Camaro.
Otherwise this car would never leave me.

I will get more pictures later.

That 2nd to last sentence you said does it all for me. Seems like there's no guarantee you will be chosen and to get rid of a true classic for track only car isn't an investment I would even think twice about. You my friend have a vehicle that most of us would love to have and it is ORIGINAL. Keep the 69, you will be happier in the long run.