Quote:
Originally Posted by Ironheadspearo
i think that without a doubt if you were to have a mint condition 5th gen 40 years from now it too will be fetching a good dollar. anything old in pristine condition brings big money. lets say you paid 34k for a brand new ss and maybe drove it very limited and kept the mileage down to say 20k miles and parked it. that car theoretically could be bringing 100k to maybe alot more depending on inflation and what not. i was watching barrett jackson the other night and it seems many old cars that to me are not that desireable are bringing a minimum of 20k but more like 30k to 80k
for instance karman ghia for 20k not even a convertible and not original
an old panel truck restored nicely was 35k
dodge dart convertible very clean but again not anything super 50k
why wouldnt a really nice 5th gen in 30 years bring a good increase.
if you really have money to toss around i would be buying one and parking it from day one and forget about it. i firmly believe these are the glory days of the muscle car for quite a long time and just like before government regulation will remove these cars off the road.
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The thing is, many of those cars are barely beating inflation.
Case in point the 87 Buick GN. Fully loaded was about $17k new in 1987, and WAY more limited than the Camaro will ever be. You can now get one with low miles for around $20k, however Based on inflation alone you would have been better off saving the money as that $17k is almost $32k in today's money. They only made 20,000 Buick Grand Nationals in all of 1987 (and only 8,000 in 86), they will make 20,000 '11 Camaro Convertibles in 3 months.
Another thing to point out is while production numbers of the Camaro are similar now to 1969, Cars (in relation to salary) were MUCH cheaper then. Taking Inflation alone again, a 69 Camaro Z28 loaded would be about $22k today, econobox money. And I know from speaking to my elders that even the hottest cars were treated almost as disposable back then. Hence why clean nice ones are so rare (that and the fact the non galvanized steel rusts like crazy). Now a '10/'11 Camaro SS is more than half the average persons yearly before tax salary. Almost every one of us has a car payment of some sort on this site. I think few if any of us will treat a $36k car as "disposable". And also many people have the same idea - "I'm not gonna make the same mistake as my dad, this will be an investment". Well if you add up all those cars, there will be plenty of clean original ones to choose from, even in 40 years. Excess supply = low demand = price down.