09-19-2017, 09:16 PM | #1 |
Drives: '18 1LE '12 V-Wagon, '16 F90 & M3 Join Date: Sep 2017
Location: USA
Posts: 33
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1LE Should I or Shouldn't I?
New to the MB and have some questions...
I would like to place a down payment on a 1LE 1. Does anyone know how many cars will be produced in total? 2. Possibly 750 / year, how many years? 3. Is there any future increase of value of the ZL1 1LE (the 547 GNX Buicks made are now 100K+)? 4. Will minor modifications hurt the value of this car? (headers, exhaust, pulley...)? Any suggested mods or a list would be appreciated. 5. Do you think there will be a niche for an easy resale of this car (I hope it won't crash in price within a year)? 6....any other discussions to assist in purchasing or NOT purchasing would be greatly appreciated. I know we don't have a crystal ball, just wanted to know your thoughts.... |
09-19-2017, 09:43 PM | #2 |
"BEASTM*DE"
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You need to go to the 6th Gen forum...Here's the link...http://www.camaro5.com/forums/forumdisplay.php?f=221
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09-19-2017, 09:49 PM | #3 |
Big Crow
Drives: '13 ZL1 Join Date: Mar 2017
Location: California
Posts: 1,486
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http://www.camaro5.com/forums/showthread.php?t=508104
And other threads. What have the ZL1's done up to now in price changes? The GNX was rare, and 1year only. Now 30 years later in mint condition it commands high prices, that I think will tank once old people stop buying old cars in their retirement years. Edit: But if you want to convince yourself and your wife you will be rich someday as the reason to buy it, that's up to you Oh, and look at cars commanding the high prices, they are all perfect showroom condition with as few miles as possible. Garage kept and hardly driven, and you talk about mods? By the way even original tires battery hoses and hose clamps matter in investment cars. A real investment car isn't something you'd likely enjoy much. |
09-20-2017, 09:42 AM | #4 |
Drives: 2019 ZL1 Join Date: Dec 2016
Location: New York
Posts: 162
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So very true. And when you factor in the 30 years if storage, insurance and maintenance you made nothing
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2013 Inferno Orange
A6, bone stock |
09-20-2017, 09:46 AM | #5 |
Drives: '17 Corvette Grand Sport M7 Join Date: May 2012
Location: Pennsylvania
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Purchase a car to enjoy it. If you're buying a new Pony Car in the hopes that it's worth something in 30-40 years, you're wasting your time.
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MY RIDE: 2017 CORVETTE GRAND SPORT--TRIPLE BLACK, 7 SPEED MANUAL, VARARAM TCR-7 INTAKE, BORLA CATLESS X-PIPE, CARBON FIBER STAGE 2 AERO, MGW SHORT-THROW SHIFTER
**SOLD**2011 TRIPLE BLACK SS CONVERTIBLE--6 SPEED MANUAL, MANY MODS, 455 RWHP/435 RWTQ DAD'S RIDE: 2012 ZL1 #1866--BLACK, 6 SPEED MANUAL, EXPOSED CF HOOD, POLISHED WHEELS, SUNROOF, ROTO-FAB INTAKE "Silly Americans, taking from the rich and giving to the poor only works in fairy tales. Success is earned here!". |
09-20-2017, 09:58 AM | #6 |
Drives: Fast Join Date: Mar 2015
Location: Michigan
Posts: 3,696
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First off, go to the Camaro6 forum for this question. Second off, don't buy a car (Especially a Chevy Camaro) and expect a return on it. If you had a super rare Ferrari 458 Speciale, then maybe, the value would start going up. But you'd have to keep it in pristine condition, sub 1000 miles, with absolutely no flaws or otherwise issues. If you did the same thing with a Camaro, you'd still lose a bunch of cash, plus you don't get the advantage of saying "I own a Ferrari".
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09-20-2017, 08:48 PM | #7 | |
Life Is Short Enjoy It!
Drives: Original Owner 15 Z/28 #934 Join Date: Sep 2016
Location: S. Cal
Posts: 891
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Quote:
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09-20-2017, 10:16 PM | #8 | |
Big Crow
Drives: '13 ZL1 Join Date: Mar 2017
Location: California
Posts: 1,486
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Quote:
We are always in inflation, so assume you are dealing with 3% a year, and have to put in $400 a month in keeping it with a purchase price of $80,000. In 20years if it sells for $277,000 you made nothin'. Kind of an eye opener isn't it?. https://www.investor.gov/additional-...est-calculator (sorry the pics are kind of big, don't know how to easily shrink them) If you plug in a 1987 GNX, purchase price of $20,000 (think it was near $30k actually) and kept it in your garage and paid $200 a month for lic and insurance w/ 3% it would be = $165k now to break even. Investing 101 is to know how much your putting in it and what you need to get out of it to make any profit. Look up what that money in the stock market would be worth now, probably over a million depending on your stock picks. Last edited by silversleeper; 09-20-2017 at 11:23 PM. |
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09-20-2017, 10:35 PM | #9 | |
Banned
Drives: The best!!!!!!! Join Date: Feb 2016
Location: Riverside , CA
Posts: 265
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Quote:
. They cherish their muscle/pony car more. I guess everyone don't want to tell ppl what they own because that sounds so immature |
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03-25-2018, 06:57 AM | #10 |
Drives: '18 1LE '12 V-Wagon, '16 F90 & M3 Join Date: Sep 2017
Location: USA
Posts: 33
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Thanks for all the pointers.
The chart is a real 'eye-opener'. Cars are not an investment but sure are fun. And I am having fun. |
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