hudman

A quick scan of Collector Car Trader Online reveals only a couple of 68/69 BB verts under $25K (matching or NOM). I know that asking and getting are two different things, but given the fact that there are few candidates available for sale, you could assume that these prices are attainable. Have prices gone up that much?

I thought the guys at Vette magazine were nuts when I saw their new price guide that listed the value of a #3 car at $25-26K. They must be close.

I guess I can keep pumping money in my old car because it is appreciating faster than I can buy parts!

Jughead

I hope so, that means that maybe rest of the low production early C3's will rise too. Good for an owner, bad for a buyer.

mayberg

I disagree. Good for an owner, and good for a soon-to-be owner over the long haul if prices continue to trend up. After all, isn't that one in a long list of justifications that we use with our spouse?

SharkAttack

Some of it seems true. I've been monitoring it for a while and am surprised at the prices for base model steel bumper sharks.

BlueL36

:yesnod: and to ourselves :yesnod:

ACECO

I kinda used the "Well hon, if we fix it up a bit and keep it nice, we will never lose money and maybe make a few bucks" routine to at least partily justify this toys purchase. Guess if I keep it long enough, perhaps even my rubber bumper C3 might go up in value somewhat. Here's hoping. :yesnod:

Of course we all know that making a buck on these toys is not really the point! :D

:seeya

Jughead

I don't see how higher prices would look attractive to a buyer?? :confused: How bout them gas prices??

verskel

Higher prices wouldn't attract the 'typical' buyer. The higher prices climb, the more attention it'll get from investors . :yesnod:
I've seen wealthy car collectors who own several Lamborghini's & Ferrari's who also have a vette or 2........but they're C1 & C2 Corvettes in mint condition.
You might be finding a C3 in their stables now ! :yesnod:

Of course 'Average Joe' will eventually be priced-out of the market altogether on the steel bumber cars. :crazy:

As for gas.....it....well..... :U

But I cannot complain until it tops $2 per gallon and even then I'd still drive my '68 :auto:

mayberg

Well, if prices were falling, then why would a buyer buy now? The buyer would wait for prices to come down. If prices trend up over the long haul (think real estate) then there's no reason to hold off on a purchase. My thinking is quite simple: buy now before it goes up another $2K! A sure "no lose" transaction that you can get out of later without taking a hit. With prices steady or falling you don't have that luxury.

Jay M

I hope they are going up... I already have almost $45,000 into a car that is only worth $20k or so.

... and my friends and family...etc. That way they won't think I am completely insane!!

Only fellow forum members need to know the truth about my sanity :banghead: :lolg:

~Jay

LemansBlue68

I'd never buy a Corvette as an investment but it's sure nice knowing that you can buy it, play with it for a while, and then sell it without losing your butt to depreciation. Try that with a new car !!

hudman

Not looking to mine as an investment either. It just makes me feel better to know that I am not just digging the hole deeper (especially since my Al Knoch top came in the mail today-Ha Ha).

It just never ends with these things, but boy do I sure love my car.

Harold69

69 # matching 427 vettes are over 40K now.... They will never catch up to the 67's but at least they go up in value over time vs. other assets!

verskel

And what about the 68's ??? :skep: ....everyone seems to leave that out. :p: :lol: :jester

SuprJames

I'm never buying a car as an investment. For the most part, in less you plan on storing it for 20 years you'll never see a GREAT return on your money (unless you buy an Enzo for $700K and sell it for 2 million).

thevetterisbetter

Where are all the people that say buy mutual funds or invest in stocks? Go to Vegas more like it. At least it is an investment that is tangible and it's fun. So it doesn't appreciate like a mutual fund, but you aren't likely to loose your shirt when a CEO decides to get greedy either.
I think they are excellent investments, even if they just hold their value. Really what does nowadays?

JB

:iagree: That's the way I look at it. It's a "got my cake and eat it too" situation, IMHO. Not much fun involved in a drawer full of mutual fund statements.

JB

LemansBlue68

You guys raise a good point! Maybe that's why the muscle car and Corvette market has gone up so much in recent months...'cause nothing else has!

Now if I can just convince the wife with the same investment wisdom......


:cheers:

P.S. Don't get me started on the greedy executive rant. Grrr..... :cuss :reddevil :mad