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Old 04-09-2016, 07:23 PM   #1
Stephen12ZL1


 
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Barrett-Jackson 2015 Z/28 sold cheap...

Check out the pic...not good for the Z/28 values...
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'12 ZL1 10.52@131 1.55 60' 2:13 VIR Full (sold)
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Old 04-09-2016, 07:43 PM   #2
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It's wholesale. Remeber, add another 10% for buyers fees - $51,7 out the door of BJ. How many miles were on it?
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Old 04-09-2016, 07:52 PM   #3
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221 miles.
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Old 04-09-2016, 07:54 PM   #4
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Only a problem if you are considering selling! :-)
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Old 04-09-2016, 09:23 PM   #5
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2016 SS or 2015 Z/28 - Z/28 takes it everytime.
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Old 04-09-2016, 10:10 PM   #6
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Originally Posted by 69L48Z27 View Post
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.
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Old 04-10-2016, 02:27 PM   #7
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2016 SS or 2015 Z/28 - Z/28 takes it everytime.
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Old 04-10-2016, 03:28 PM   #8
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people don't go to Barrett to buy something for sale down the street. just well bought IMO
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Old 04-10-2016, 03:35 PM   #9
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Plus TTL in your state.
That applies to anyone baying a car , no mater where you buy it !
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Old 04-10-2016, 05:47 PM   #10
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That applies to anyone baying a car , no mater where you buy it !
Ok. Point on matter?
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Old 04-10-2016, 06:12 PM   #11
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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?
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Old 04-10-2016, 07:41 PM   #12
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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.
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Old 04-10-2016, 08:50 PM   #13
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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!
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Old 04-10-2016, 09:24 PM   #14
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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! :-)
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