TRADE MY ZL1 FOR A COPO? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Bigtime53 · 01-05-2014, 04:48 PM

I have found a COPO camaro and I am thinking about selling my Z or trading it in. I know trading is not good cause I could get more by just selling it. Do you think the COPO will gain in value in say 10 years? I know the ZL1 is not going to gain any value in 10 years unless GM stopped today making them but that is not going to happen. I imagine the ZL1 will be around in 2015-16 so I think these cars are going to be like any production car and not like the "limited" COPO which should gain over the course of time. Now I know the COPO cannot be driven on the street and cannot be titled but I am thinking in the long term here. What do you think?

2012-1822 · 01-05-2014, 04:58 PM

I hate to state the obvious, but you know you can't just drive around in the COPO. Don't know what you do with your ZL1 now. But unless you simply garage the COPO you'll need a trailer and a capable vehicle to take it anywhere.

I'd love to have one. Same as with the Z/28, I personally am not willing to give up my ZL1 to get one.

Value, sure, a garaged COPO might be worth something sooner, might. Generally no car is actually a good investment. Sounds great to get a '69 matching numbers SS and invest in it for a while. Problem is you have to pay to keep them up. Only the rare exceptions end up being worth more than you've got in it.

All I'm saying is if I were you I wouldn't get one because I looked at it as an investment. If I had the means I would get one because I wanted it knowing that if I ever got rid of it I'd lose money, same as the ZL1.

motorhead · 01-05-2014, 04:59 PM

I can think of better ways to increase my net worth than to buy a car and park in the hopes that it will return an investment. For me I would rather have a car that I can enjoy.

I call it Vera · 01-05-2014, 05:05 PM

Quote:

Originally Posted by Bigtime53

I have found a COPO camaro and I am thinking about selling my Z or trading it in. I know trading is not good cause I could get more by just selling it. Do you think the COPO will gain in value in say 10 years? I know the ZL1 is not going to gain any value in 10 years unless GM stopped today making them but that is not going to happen. I imagine the ZL1 will be around in 2015-16 so I think these cars are going to be like any production car and not like the "limited" COPO which should gain over the course of time. Now I know the COPO cannot be driven on the street and cannot be titled but I am thinking in the long term here. What do you think?

I see no point in buying a COPO unless you are going to the drag strip. I do not see it as a collectible. You'll pay a lot more for it.

Better to drive you ZL1 into the ground, and put the difference in a low yield CD. you'll come out ahead.

Do you go to the strip alot?

It doesn't even have a VIN. I wouldn't buy anything I couldn't put on the street.

Bigtime53 · 01-05-2014, 06:15 PM

Quote:

Originally Posted by I call it Vera

I see no point in buying a COPO unless you are going to the drag strip. I do not see it as a collectible. You'll pay a lot more for it.

Better to drive you ZL1 into the ground, and put the difference in a low yield CD. you'll come out ahead.

Do you go to the strip alot?

It doesn't even have a VIN. I wouldn't buy anything I couldn't put on the street.

I know it does not have a vin and all of the other stuff. I would not race it I would put it in my climate control building and store it. I simply was wanting thoughts of the forum if it would be collectable in say 10 years and increase in value. 25 to 30% would be great in that amount of time,{I don't know if it would increase that much}and that is sure more than any cd would pay.

oldfriend · 01-05-2014, 06:26 PM

Quote:

Originally Posted by I call it Vera

I see no point in buying a COPO unless you are going to the drag strip. I do not see it as a collectible. You'll pay a lot more for it.

Better to drive you ZL1 into the ground, and put the difference in a low yield CD. you'll come out ahead.

Do you go to the strip alot?

It doesn't even have a VIN. I wouldn't buy anything I couldn't put on the street.

Low YIELD CD = close to nothing - inflation and you are in negative territory , just like the COPO CAR

Fast92RS · 01-05-2014, 06:35 PM

IMO the ZL1 and Z28 will be worth more in the future as a collectible

onewaydave · 01-05-2014, 06:36 PM

Keep the ZL1, later add a COPO!

nitto85 · 01-05-2014, 06:52 PM

Buying a car as a investment is a bad idea, unless you get something that is already 40+ years old and in good condition.
COPOs are cool, but guys on here have built just as fast if not faster, nicer, for less and can be driven on the road.

jayb53guy · 01-05-2014, 06:56 PM

Quote:

Originally Posted by Fast92RS

IMO the ZL1 and Z28 will be worth more in the future as a collectible

I agree with this. The COPO quite honestly is just a race car, and something to just say "I have one" in my opinion.

OldJedi · 01-05-2014, 08:23 PM

Quote:

Originally Posted by Fast92RS

IMO the ZL1 and Z28 will be worth more in the future as a collectible

In my opinion buying the COPO as an investment over a ZL1 or Z28 is not a good idea. Historically the only race cars that have increased in value have a winning lineage with multiple NHRA / AHRA championships with well known winning drivers. Holding onto a non raced Race Car that cannot be street driven will not increase in value as much as the ZL1 and even more so the Z28. There will be over 10,000 ZL1's built by the time the run is over. With Z28's costing over $75,000.00 each the number purchased will be far less than 10,000. If it was my money and wanted to store a car without driving it, I would pick the Z28. However, that is not what these cars are built for. Drive your ZL1 and enjoy it and find a better way to financially invest your money if your goal is to have your money work for you. Good luck with your decision.

cdjnight · 01-05-2014, 08:38 PM

my 2 cents is by an SS cut it up and make a fake COPO. beat the living crap out of it for half the money, end the end sell it, some clones bring pretty penny just because they can be titled and driven on the street which is what most enthusiast want to do now and then

Zl1 #586 · 01-05-2014, 08:53 PM

My .02 listen to everyone on here that is warning you not to buy one as an investment there are many more practical way to invest in the future.
That is unless you have discretionary income that allows this choice
I personally buy unique vehicles to drive and enjoy and to mod till it hurts
Here's the latest

Angrybird 12 · 01-05-2014, 08:56 PM

I like what Jay Leno said one time. Cars are meant to be driven and enjoyed. Enjoy it until it gets run down then restore it and drive it some more. Not a direct quote.
Keep your Z and enjoy it.

01-05-2014, 04:48 PM	#1
Bigtime53 Drives: 2013 ZL1 Join Date: Mar 2013 Location: Oklahoma Posts: 2,298	TRADE MY ZL1 FOR A COPO? I have found a COPO camaro and I am thinking about selling my Z or trading it in. I know trading is not good cause I could get more by just selling it. Do you think the COPO will gain in value in say 10 years? I know the ZL1 is not going to gain any value in 10 years unless GM stopped today making them but that is not going to happen. I imagine the ZL1 will be around in 2015-16 so I think these cars are going to be like any production car and not like the "limited" COPO which should gain over the course of time. Now I know the COPO cannot be driven on the street and cannot be titled but I am thinking in the long term here. What do you think?

01-05-2014, 04:58 PM	#2
2012-1822 Drives: Black ZL1 Join Date: Apr 2013 Location: City of Champions, Alabama Posts: 3,698	I hate to state the obvious, but you know you can't just drive around in the COPO. Don't know what you do with your ZL1 now. But unless you simply garage the COPO you'll need a trailer and a capable vehicle to take it anywhere. I'd love to have one. Same as with the Z/28, I personally am not willing to give up my ZL1 to get one. Value, sure, a garaged COPO might be worth something sooner, might. Generally no car is actually a good investment. Sounds great to get a '69 matching numbers SS and invest in it for a while. Problem is you have to pay to keep them up. Only the rare exceptions end up being worth more than you've got in it. All I'm saying is if I were you I wouldn't get one because I looked at it as an investment. If I had the means I would get one because I wanted it knowing that if I ever got rid of it I'd lose money, same as the ZL1. __________________ Check out Alabama Camaros, for Camaro enthusiasts all around Alabama https://www.facebook.com/groups/1739...group_activity

01-05-2014, 06:35 PM	#7
Fast92RS Drives: 2013 Zl1 Join Date: Aug 2013 Location: Old Bridge NJ Posts: 197	IMO the ZL1 and Z28 will be worth more in the future as a collectible __________________ 2013 ZL1 Roto-fab cai, Apex catch can, Vmax LSA throttle body, Roto-Fab heat exchanger res, ATI balancer with 5% overdrive pulley, Stainless power 1 7/8" long tube headers.

01-05-2014, 06:36 PM	#8
onewaydave Innocent Bystander Drives: 2013 ZL1 BRM/2002 35th SS/2009 GMC Join Date: Dec 2009 Location: Alaska Posts: 385 View My Garage	Keep the ZL1, later add a COPO! __________________ Living on the RaGgEd EdGe!

01-05-2014, 08:38 PM	#12
cdjnight Drives: 2013 ZL1 A6 Join Date: Nov 2013 Location: Council Bluffs, Iowa Posts: 266	my 2 cents is by an SS cut it up and make a fake COPO. beat the living crap out of it for half the money, end the end sell it, some clones bring pretty penny just because they can be titled and driven on the street which is what most enthusiast want to do now and then __________________

01-05-2014, 04:59 PM	#3
motorhead Drives: Love the one you're with Join Date: Sep 2009 Location: Downtown Charlie Brown Posts: 11,850	I can think of better ways to increase my net worth than to buy a car and park in the hopes that it will return an investment. For me I would rather have a car that I can enjoy.

01-05-2014, 06:52 PM	#9
nitto85 Caffeine Injected Drives: 13 Ram - 05 Widebody 1050rwhp Vette Join Date: Sep 2010 Location: Woodstock, Ga Posts: 1,033	Buying a car as a investment is a bad idea, unless you get something that is already 40+ years old and in good condition. COPOs are cool, but guys on here have built just as fast if not faster, nicer, for less and can be driven on the road.

01-05-2014, 08:53 PM	#13
Zl1 #586 Drives: 2016 Z06/07 Join Date: Aug 2012 Location: So cal Posts: 396 View My Garage	My .02 listen to everyone on here that is warning you not to buy one as an investment there are many more practical way to invest in the future. That is unless you have discretionary income that allows this choice I personally buy unique vehicles to drive and enjoy and to mod till it hurts Here's the latest Attached Images __________________ http://www.camaro5.com/forums/image.php?type=sigpic&userid=66451&dateline=135040 1562

01-05-2014, 08:56 PM	#14
Angrybird 12 7 year Cancer Survivor! Drives: 17 Cruze RS, 07 G6 GT, 99 Astro Join Date: Dec 2007 Location: East Tennessee Posts: 21,547	I like what Jay Leno said one time. Cars are meant to be driven and enjoyed. Enjoy it until it gets run down then restore it and drive it some more. Not a direct quote. Keep your Z and enjoy it. __________________ Cancer's a bitch! Enjoy life while you can! LIVE, LOVE, DRIVE... The Bird is the word!