Why are vettes values dropping so fast
12-11-2010, 02:12 PM
#21
Burning Brakes
I understand what you're saying about the Viper, but that's a completely different beast. Different ownership experience, I can only imagine. One example; when I visit Miami Beach and see a Corvette drive down Ocean Dr I don't hardly look at it because they are common and seen everywhere, but a Viper, Ferrari, Lambo, etc drives past and I general take a glance at em.
I don't understand why guys don't drive their cars, just in an attempt to retain resale value. The value will always go down. Sure you may get a few extra bucks for a garage queen, but how much value you did you lose by not driving the car. The very small price I may lose when/if I sell my car will not be greater than the experience I had driving and owning it. Ya know?
Yeah, but it does suck that our values are dropping.
12-11-2010, 02:23 PM
#22
Drifting
12-11-2010, 04:01 PM
#23
Drifting
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There are only a few select cars that are made to become investments... Most people buy a car with the expectation that the car will drop in value. I know this is a Corvette, although it is just a car. People park these cars and baby them like it is a child or something. They buy them when there 50k and wonder why they lost over 60% in value in a few years. These cars should be driven because they are not an investment of any sort. At least not right now they are not. Who knows in 50 years on if they would be worth the lack of enjoyment.. Again will you be around to enjoy the returns?
12-12-2010, 12:40 AM
#28
Instructor
12-12-2010, 12:56 AM
#29
Instructor
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12-12-2010, 07:26 AM
#32
Drifting
2000 Vert. New, out the door was around 58,000
For sale today, including some mods at 63,000
Serious inquiries only. If there are no takers, I will just wait until tomorrow.
Mark
For sale today, including some mods at 63,000
Serious inquiries only. If there are no takers, I will just wait until tomorrow.
Mark
12-12-2010, 08:53 AM
#33
Drifting
My Vette's not dropping in value-in fact it's worth more TO ME now than it was when I bought it.
Not planning on selling,so it doesn't matter what it's worth to anyone else.
Not planning on selling,so it doesn't matter what it's worth to anyone else.
12-12-2010, 10:39 AM
#36
Melting Slicks
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They are just a car that are bought to be driven and enjoyed.
If you keep them for 30 or so years, then they may start to become and investment,but only if they are 100% original and a model that is consider to be.
Just like any other old vette.
You can get a recondition 76 for 7 to 8k but a recondition 74, 4 speed , 454 is worth 20K. So if you are buying one for and investment and you are over 30,you are wasting your time. You will never see your investment pay. You will also be gambling as to what would be consider rare 40 or 50 year from now.
Drive the S--t out of it is what I say!
If you keep them for 30 or so years, then they may start to become and investment,but only if they are 100% original and a model that is consider to be.
Just like any other old vette.
You can get a recondition 76 for 7 to 8k but a recondition 74, 4 speed , 454 is worth 20K. So if you are buying one for and investment and you are over 30,you are wasting your time. You will never see your investment pay. You will also be gambling as to what would be consider rare 40 or 50 year from now.
Drive the S--t out of it is what I say!
12-12-2010, 10:56 AM
#37
Melting Slicks
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Location: Lower, Slower Delaware, formerly from Mobtown, MD (Baltimore)
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They are just a car that are bought to be driven and enjoyed.
If you keep them for 30 or so years, then they may start to become and investment,but only if they are 100% original and a model that is consider to be.
Just like any other old vette.
You can get a recondition 76 for 7 to 8k but a recondition 74, 4 speed , 454 is worth 20K. So if you are buying one for and investment and you are over 30,you are wasting your time. You will never see your investment pay. You will also be gambling as to what would be consider rare 40 or 50 year from now.
Drive the S--t out of it is what I say!
If you keep them for 30 or so years, then they may start to become and investment,but only if they are 100% original and a model that is consider to be.
Just like any other old vette.
You can get a recondition 76 for 7 to 8k but a recondition 74, 4 speed , 454 is worth 20K. So if you are buying one for and investment and you are over 30,you are wasting your time. You will never see your investment pay. You will also be gambling as to what would be consider rare 40 or 50 year from now.
Drive the S--t out of it is what I say!
Put 9K on my '10 GS since June, not a whole lot, but it's getting driven.
12-12-2010, 11:37 AM
#38
Burning Brakes
Flame suit on! Ummmmm, maybe the word's out they are a POS GM product that has to many problems and cost to much to repair.
Last edited by Han Solo; 12-12-2010 at 11:42 AM.
12-12-2010, 11:49 AM
#40
Race Director
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St. Jude Donor '12-'13-'14
Mr.Bill
Last edited by Mr.Bill; 12-12-2010 at 11:51 AM.