Barrett-Jackson 2015 Z/28 sold cheap... - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Stephen12ZL1 · 04-09-2016, 07:23 PM

Check out the pic...not good for the Z/28 values...

69L48Z27 · 04-09-2016, 07:43 PM

It's wholesale. Remeber, add another 10% for buyers fees - $51,7 out the door of BJ. How many miles were on it?

Z/28Dan · 04-09-2016, 07:52 PM

221 miles.

JUSTIFIED · 04-09-2016, 07:54 PM

Only a problem if you are considering selling! :-)

URBAN LEGEND · 04-09-2016, 10:10 PM

Quote:

Originally Posted by 69L48Z27

It's wholesale. Remeber, add another 10% for buyers fees - $51,7 out the door of BJ. How many miles were on it?

Plus TTL in your state.

serviceguy · 04-10-2016, 02:27 PM

Quote:

Originally Posted by Z28 HLR

2016 SS or 2015 Z/28 - Z/28 takes it everytime.

snarky · 04-10-2016, 03:28 PM

people don't go to Barrett to buy something for sale down the street. just well bought IMO

Jackass · 04-10-2016, 03:35 PM

Quote:

Originally Posted by URBAN LEGEND

Plus TTL in your state.

That applies to anyone baying a car , no mater where you buy it !

URBAN LEGEND · 04-10-2016, 05:47 PM

Quote:

Originally Posted by Jackass

That applies to anyone baying a car , no mater where you buy it !

Ok. Point on matter?

Zslash28 · 04-10-2016, 06:12 PM

Quote:

Originally Posted by snarky

people don't go to Barrett to buy something for sale down the street. just well bought IMO

That is the only reason why I think it sold for 47k. Makes no sense to me to take a year old Z/28, to Barrett. You are asking to sell it at bottom dollar price. That venue is not a good representation of the market. When watching these events, many of these new cars are sold as opportunity purchases which skew the real market of where certain cars sell. Why chance spending $55-60k at Barrett just "because", when these cars can be had new and used in the low $50s?

serviceguy · 04-10-2016, 07:41 PM

Quote:

Originally Posted by Zslash28

That is the only reason why I think it sold for 47k. Makes no sense to me to take a year old Z/28, to Barrett. You are asking to sell it at bottom dollar price. That venue is not a good representation of the market. When watching these events, many of these new cars are sold as opportunity purchases which skew the real market of where certain cars sell. Why chance spending $55-60k at Barrett just "because", when these cars can be had new and used in the low $50s?

Just the opposite can be said for the "overinflated" prices at these auctions.

t_towner · 04-10-2016, 08:50 PM

Seems like a reasonable wholesale price (minus commission)? I'm pretty certain this is inline with Manheim results before commission. If I can purchase a brand new 2015 on the lot this weekend for $51,995 then this price seems to be fair with less warranty. Hate to say it but these smell like a C4 ZR1.... The car I bought had been on the showroom since December 2014 and the Manager said I'm the only guy who's inquired about the car in months. I'm afraid those buying for some sort of speculation will be greatly dissapointed based on the depreciation curve. But oh what a car it is from a pure enjoyment standpoint!

JUSTIFIED · 04-10-2016, 09:24 PM

Quote:

Originally Posted by t_towner

Seems like a reasonable wholesale price (minus commission)? I'm pretty certain this is inline with Manheim results before commission. If I can purchase a brand new 2015 on the lot this weekend for $51,995 then this price seems to be fair with less warranty. Hate to say it but these smell like a C4 ZR1.... The car I bought had been on the showroom since December 2014 and the Manager said I'm the only guy who's inquired about the car in months. I'm afraid those buying for some sort of speculation will be greatly dissapointed based on the depreciation curve. But oh what a car it is from a pure enjoyment standpoint!

Yeah, for the most part, investing in cars just seems like a bad way to go unless you are Wayne Carini and you can buy rare cars, fix em up and sell them for a nice profit. As an example, a 1970 a base Boss 302 sold for approx. $3,270. In today's dollars that's roughly $20k. I see a lot of them at the auctions selling for around $70k. That's an average annual return of 2.76%.

Edit: My logic was incorrect. The ROI should've been based on the original price paid. It's 7%, not 2.76%. Still, not great..unless you get to drive it and make that ROI! :-)

Zslash28 · 04-11-2016, 05:53 AM

Quote:

Originally Posted by serviceguy

Just the opposite can be said for the "overinflated" prices at these auctions.

True, but then you get into intrinsic value, of which these Z/28s have non thus far (can still buy them new off the lot). So it would be no different than taking a new GT350 to Barrett expecting $150k and walking away with $60k. Rarely will you see a new car get big money, usually its a very low mile wrapper car or VIN #1 command the high prices, or charity money.
.
The $47k was a good purchase, but the buyer knew what the all in price would be and that falls in the current market value of low to mid $50s.

04-09-2016, 07:52 PM	#3
Z/28Dan Drives: 2013 HWSE Indy Festial #26 Join Date: Mar 2011 Location: Fredericksburg, VA Posts: 2,670 View My Garage	221 miles. __________________ There are only so many days in your lifetime. So get out and drive your Camaro... Dan

04-09-2016, 07:54 PM	#4
JUSTIFIED Drives: 2015 black Z/28 Join Date: Nov 2015 Location: Texas Posts: 1,077	Only a problem if you are considering selling! :-) __________________

04-10-2016, 03:28 PM	#7
snarky ultracrepidarianism Drives: '14 1SS/RS/1LE/NPP '18 Accord Sport Join Date: Mar 2014 Location: where folks drive like shit Posts: 1,297	people don't go to Barrett to buy something for sale down the street. just well bought IMO __________________

04-09-2016, 07:23 PM	#1
Stephen12ZL1 Drives: '21 ZLE A10 Join Date: May 2012 Location: Mechanicsville, VA Posts: 6,812	Barrett-Jackson 2015 Z/28 sold cheap... Check out the pic...not good for the Z/28 values... Attached Images __________________ '21 ZLE A10 Wild Cherry PDR 2:00.78 VIR Full 10.68@131.69 1.68 60' '17 ZL1 A10 Mosaic Black PDR/Nav 2:03.08 VIR Full 11.003@129.2 1.75 (sold) '15 Z/28 #325 Black a/c & stereo. 2:10.1 VIR Full (sold) '12 ZL1 A6 Black 10.52@131 1.55 60' 2:13 VIR Full (sold)

04-09-2016, 07:43 PM	#2
69L48Z27 Drives: 2015 Z/28; 1969 Camaro SS Join Date: Nov 2015 Location: York, PA Posts: 805	It's wholesale. Remeber, add another 10% for buyers fees - $51,7 out the door of BJ. How many miles were on it?

04-10-2016, 08:50 PM	#12
t_towner Drives: Chevys, Fords a Mopar and Ferrari Join Date: Aug 2010 Location: Tulsa Posts: 87	Seems like a reasonable wholesale price (minus commission)? I'm pretty certain this is inline with Manheim results before commission. If I can purchase a brand new 2015 on the lot this weekend for $51,995 then this price seems to be fair with less warranty. Hate to say it but these smell like a C4 ZR1.... The car I bought had been on the showroom since December 2014 and the Manager said I'm the only guy who's inquired about the car in months. I'm afraid those buying for some sort of speculation will be greatly dissapointed based on the depreciation curve. But oh what a car it is from a pure enjoyment standpoint!