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#85 | |
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Older Than Dirt
Drives: 2010 & 2013 Camaros Join Date: Apr 2010
Location: Aiken, SC
Posts: 4,686
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Sure, who wouldn't like to have the real deal, but it was a modded car anyway. As far as buying a Z/28 primarily in hopes for it to be a collectible, you have to be seriously financially-retarded. Never, ever buy a new car for that reason, unless you like throwing away money. This isn't to say you may not get lucky, but that's a lightning strike. If you love the Z/28 and would buy one because you want the most raw Camaro in the 5th gen lineup and it fits you, then do that. I believe the Z/28 will be the one special car that is overlooked for a long time. I'm biased though because I love the Z/28 for what it is. EVENTUALLY, the Z/28 will be a widely desired car and increase in value. But the irony is that they languish on the lots now, meaning there's only a handful of people actually jumping on them at the current pricing. And often, they offer deep discounts just to move them or if they don't, they continue to sit. That is NOT a good sign of instant or near-term collectability as it were. Probably another 20 years or so before you might break even. The fact that we're talking about it (and likely disagreeing with each other) here, and die-hard Camaro fans aren't snatching them up at even the discount prices means the general motoring public isn't talking about them as collectibles either.
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2010 2SS TE, 1 of 822/2013 Camaro ZL1 vert, 1 of 54
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#86 | |
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H-Town Camaro Club Member
Drives: 17 Hyper Blue Metallic KLR-ZL1 Join Date: May 2009
Location: Pearland Tx.
Posts: 2,034
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#87 | |
![]() Drives: 2016 Ram Join Date: Dec 2013
Location: Texas
Posts: 243
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Many collectible cars today are cars that languished on dealers' lots, typically because of the higher price and that there were usually other models/options available that were cheaper and offered comparable performance. Examples read like an all-star list: any Shelby Mustang, the Superbird/Daytona "wing" cars, any Boss Mustang, any Hemi car, etc... Many of us who bought the '14/15 Z/28 might be drooling and in a diaper before they may be worth anything!
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#88 |
![]() Drives: 2015 Z/28 #371 Join Date: Feb 2015
Location: KCMO
Posts: 145
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The typical Camaro fan can't afford a Z/28 and people with the means to buy one can afford many other options. I, myself, was torn between a Z/28 and Z06.
I was compelled to buy the Z/28 because I had never seen one off a dealer lot (still haven't), while I was seeing Z06s pretty regularly. It will take some time, but collectors will realize what a significant car the Z/28 is/was. It is rare, well-regarded in the automotive press, almost certainly the last big-displacement N/A engine in any GM offering, etc. Cars meeting those criteria almost always eventually become valuable collector cars. I agree it will be a while though... Sent from my iPhone using Tapatalk |
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#89 | |
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#90 | |
![]() ![]() Drives: Ferrari F430 Spider F1 Azzurro Arge Join Date: Sep 2013
Location: Irvine
Posts: 858
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#91 |
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Older Than Dirt
Drives: 2010 & 2013 Camaros Join Date: Apr 2010
Location: Aiken, SC
Posts: 4,686
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If we live that long. Take into account the price of the car, now start adding the air conditioning/heat for the storage, the fact that you need to stabilize or drain fuel, dessicants, car bags, wraps, what have you. And inflation. 20 years from now that Z/28 fetching 140K might be just breaking even on the sticker price as far as buying power. Who knows at this point. Then the meticulous attention to detail that you would have to give the car for pristine upkeep. All the while you don't drive it.
Note that even today, there are just a handful of true, survivor cars that bring in major $$. While it may come true with the Z/28 one day, I'd likely make more money off of investing "storage costs" into operating costs- gas/insurance, etc. If any left over, you can invest it in land or stable stocks...I dunno. Interesting article by regular contributor Jim McGowan in this month's "Hemming's Muscle Machines" magazine. In it talks about supply/demand, yada yada. The question come up as to why pay good money for a rare car so it never sees pavement again. Along with that is the realization there is another player in the car hobby- enter the more-money-than-brains crowd; those who spare no expense just to have something no one else has for no good reason. It really comes down to that aspect of which is more important: simple ownership bragging rights or appreciation for the car itself? Most cars stashed away hardly ever see the light of day again. Everyone has their reasons, so it's all good when it comes to collecting. But I certainly don't have time to wait and see how much they'll be worth "down the road." If I had one, I'd drive it. But it doesn't fit what I want in a car, so I leave it be.
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2010 2SS TE, 1 of 822/2013 Camaro ZL1 vert, 1 of 54
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#92 |
![]() Drives: 2014 Z28 Join Date: Apr 2015
Location: San Bernardino, Ca
Posts: 187
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Well said
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