06-24-2018, 07:52 AM | #57 |
Drives: GTO Join Date: Jun 2018
Location: Around the world
Posts: 43
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I restore classic muscle cars and what I have noticed over the years is money is worth less, so for instance in 1970 a customer of mine bought a big block challenger he paid around $5K for it, kept it all these years and I restored it about 3 years ago, the car restored is worth $50k. In 1971 my parents bought a home for $19K that today is worth $320K (they no longer own that same house), so its the money that is worth less not the vehicle worth more...
Now there are exceptions to every rule, that was a basic car and a basic home, both used and kept up over the years.. You can say what if he bought a hemi convertible 71 cuda for $6k, wrapped it in plastic and then sold it in 2010, SURE the car would be worth $5.5m untouched with 3 miles on it.... But on the other hand what if back then you bought $100K worth of lake front property on lake winnipesaukee? That could have bought you half the waterfront back then, lol, and now if it was untouched and undeveloped would be worth an uncalculatable amount... I can think of a few cars made after 1980 that did very well with values when kept in good condition, early 80s hurst olds, grand nationals, gnx's, turbo ta's, pace cars, 1991 zr1's, tt supras, rotary powered mazdas, then of course the countach, f355, actually and f car, lol, do very very well, but thats a small percentage of cars from a few decades, I have a 39 ford that was probably 375 new and its worth 55K now but would I say it was a good investment if I bought it in 39? nah... lol 2010 camaros IMO will suffer the same fate all mass produced cars do, with the exceptions of low mile, exceptional condition, restored, desirable low production special models or options, and desirable customs... But the everday drivers with 175 on them faded paint and sagging doors, will be on the market for $2500 some day... craigslist "iroc-z" you can find a 1990 for $550 with 130K and in need of a lot of love and yet the same car with same options color etc with $50K miles in garaged condition is selling for $18K, ITS ALL ABOUT desire and condition because on the other hand a 1990 caprice in great shape is worth nothing... |
06-24-2018, 08:49 AM | #58 |
Fast Cars and Old Guitars
Drives: 2015 2SS RS (L99, baby!) Join Date: Apr 2012
Location: N. CA
Posts: 3,937
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I was just happy to see the dang thing worth it's residual on a lease after three years. There was a time when some are virtually worthless after the lease end. But mine has very low miles. Maybe nothing has changed if you hit the max mileage?
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06-24-2018, 10:24 AM | #59 |
Drives: 2015 Comm. M6 2SS convertible Join Date: Jun 2018
Location: TN
Posts: 45
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My thoughts having been into cars for longer than I care to admit .. back in high school you could find a NICE 67-69 Camaro for 2-4 k ..if it was convertible or SS and super clean it might bring 5-7 but that was considered insane...you could find the 70s Camaros/Z28 drivable and in need of a little love for +- 1k easy by the mid 80s
Now those cars are being dragged out of fields and restored and bringing big bucks ..I would say going by what I have seen in mid America a (reasonably desirable) car bottoms out around at 15-18 yrs of age, then around 20 begins to climb again, I think time /price will be kind to the 5th Gen more than others because it really harkens back to the 67-69 Camaros more so than any other ever has and these are some of the few cars that its hard to ever find many people that dislike the style , its timeless. , it will get cheap but it will rise again big production numbers will have an impact ..but bigger population and demand will off set that <--something many people overlook, SOoo many more people playing with cars now than back in the 70-80 |
06-24-2018, 10:46 AM | #60 |
Drives: LT W/2LT,blue metallic Join Date: Jul 2016
Location: central florida
Posts: 4,891
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numbers will also ensure that restoration parts should be more available for the 5th gen camaro.a ton of early mustangs were made you can buy a new chrome bumper for< $100.try that with a GTO and its 3X the price or better.
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06-24-2018, 11:26 AM | #61 | |
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So they may get down to $10k but idk see them dipping below unless it’s junk you’re buying. A low mileage 2010 SS in great shape won’t dip below 10k on a bad day...
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06-24-2018, 12:19 PM | #62 | |
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Drives: Camaro V6 Join Date: Oct 2016
Location: U.S.
Posts: 1,722
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Quote:
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06-24-2018, 12:57 PM | #63 |
Drives: Iron Lung, Jimmy Join Date: Jun 2009
Location: Louisiana
Posts: 1,440
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You guys do realize this thread is from 2010, right?
So back then we were speculating what our cars would be worth in eight years, and... poof!... here we are eight years in the future and they have held up somewhat better than we thought. |
06-25-2018, 08:30 AM | #64 |
Drives: 2002 Camaro SS SOM; 2015 Malibu LTZ Join Date: Dec 2010
Location: Queens, NY
Posts: 4,010
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All cars depreciate, so figure about a 60% depreciation or more by year 8. Now, if you keep your car is mint condition (appearance, miles) then you can ask a small premium above the book value price.
What could be a good bet, given if the configuration of Camaro may change in the next decade (meaning if the v8 will still be in production, power levels, etc.) is that your Camaro could eventually appreciate in value. Do not look for appreciation inside of 10 years. Twenty five years or more its possible for a small appreciation.
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'02 CAMARO SS SOM; 5.7L LS1/FLS6B
'08 TBSS AWD Black Granite Metallic '15 Malibu LTZ 2LZ Turbo '14 CAMARO ZL1 Blue Ray Metallic |
06-25-2018, 09:07 AM | #65 | |
Drives: 2014 2SS blue Join Date: Jun 2016
Location: Socal
Posts: 689
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Quote:
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06-25-2018, 09:43 PM | #66 |
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Understand salvage titles equate to about 50-60% off value. Now they may have asked for more and gotten it. However anyone in their right mind wouldn’t give what they ask for it near blue book value
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Life is short, drive it like you stole it! |
06-26-2018, 08:28 AM | #67 | |
Drives: 2002 Camaro SS SOM; 2015 Malibu LTZ Join Date: Dec 2010
Location: Queens, NY
Posts: 4,010
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Quote:
The real benefit to me is that its my time capsule car. When people ask whether the paint is recent or if I'm the original owner, sometimes I get the surprised look when I tell them that the car is all original and I'm the original owner. That's the added bonus that's icing on the cake for owning and safeguarding my good cars.
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'02 CAMARO SS SOM; 5.7L LS1/FLS6B
'08 TBSS AWD Black Granite Metallic '15 Malibu LTZ 2LZ Turbo '14 CAMARO ZL1 Blue Ray Metallic |
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06-26-2018, 10:43 AM | #68 |
Drives: 2011 Camaro SS Convertible Join Date: Nov 2015
Location: Rochester, NY
Posts: 671
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Daily drivers won't be worth much unless it was some rare model that has been fully restored. I really could care less about the "potential" value of my Camaro down the road. Why? Well, first off, I plan on keeping it for a long time. Maybe even giving it to one of my sons someday. I enjoy my car, but I don't drive it in the winter, and it's not a daily driver. I keep it mint for me, not for resale value. I get off on having people comment whenever I take it out, "Man, that's one badass Camaro," or "Wow, what a beautiful car!" I enjoy shining it up and keeping it looking like the day it was made. My mods are few but have added visual appeal. I'm enjoying it and that's the only value that anyone should seek. If the day comes and I sell it, and it brings in a few bucks because of condition, that's icing on the cake.
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