Re: 1969 COPO Camaro w/Documentation
Fred
Not to tlk you out of buying one of these cars but BEWARE.These cars went skyhigh back in the late '80's when the stock market tanked and people who were not really into these cars put their money into them because of the 15-20% year gains (or more).. The Wall Street Journal had regular columns about the high returns on collector cars. When the market boomed again the car prices crashed for close to 10 years. When the stock market tanked 3 years ago the prices really started to get high again. Also based upon your first post it seems like besides wanting a Copo, monetary gain is what you are looking for in the long term-at least that's some of the impression I get. My opinion is all the high dollar cars will get a significant value adjustment towards the minus side once the stock market comes back very strong. It will not be the value of the cars 3-4 years ago but will be significant enough that some regret their decision(ones who bought the cars late in the game when prices are maxed out-maybe like now??). Besides we are into buying these cars for the love of them 1st and monetary gains are not the first reason why we buy them. Right? Of course this is my opinion and I'm sure I will get flamed by others.
Dave
P.S. If you read the old musclecar mags from the late '80's the same tone of "these cars will continue increasing each year" was the theme. I remember reading about one guy buying a '68-'69 Hemi Roadrunner for 60 grand and two years later could not get 40K for it. Can't remember the $numbers but he took a bath.There were many others.
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