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#1
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Do you guys believe that these cars will continue to appreciate at the current pace? Any ideas? Thank you. I am not a dealer.
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#2
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I think they will still increase in value but at a slower rate. I can't believe they will increase like they have in the last year. A good example is the ZL1s, about a year ago you could get one for 150K now you can't touch one for less than 275K! Do I think they are worth these prices? Yes, if Cobra's are selling for this kind of money there is know reason a ZL1 should not be in the same price range, they are just as exotic. When BKH had his Camaro for sale for 150K, I thought that was kind of high but not now! I won't belong before the matching number frame off Yenko Camaros will be pushing 200K. The Yenko Chevelles have always been under priced but I will bet you can't touch one of them for less than 125K. The Deuces have been edging up to 50K and you get one the quality of Kevin Hand's Hugger Orange you could be pushing 70K! I know one thing, if I had the money LV's ZL1 would be sitting in my garage! That is a gorgeous car! I would also talk him out of that "new" Hugger Orange Camaro that he has! [img]/ubbthreads/images/graemlins/naughty.gif[/img] [img]/ubbthreads/images/graemlins/biggthumpup.gif[/img]
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1968 COPO/YENKO 9737 Non-Converted |
#3
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Thanks for the information. Who is the person to see to find a genuine COPO? There is a Hugger Orange RS version offered by World Wide Muscle Cars by (I think) one of the guys who uses this web site. Is the $125K price reasonable? I have followed the WWMC site for some time and the dealer has nice vehicles, but they all seem to be pretty pricey? Fred Gustat, Illinois, (815) 223-5828
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#4
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Welcome aboard Fred. If all things stay the same, you will very much enjoy the info you receive here.
Check with the COPO Connection, their link is on the main page. Ed is the man with the numbers. As far as locating one for you, there are MANY members on this board that can help you if that is what you are looking for. Rick N.
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Rick Nelson Musclecar Restoration and Design, Inc (retired) www.musclecarrestorationanddesign.com https://www.youtube.com/watch?v=62r-6vgk2_8 specialized in (only real) LS6 Chevelle restorations |
#5
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9/7/03
Hi, Rick! Is that you? Wow, what a web site this is, eh? Good to see you in print. I will call you this week about an LS6 you know. I thought this search was over, but maybe not. Take care of yourself and I'll call you this week. Fred Gustat |
#6
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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. |
#7
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I would completely agree with the last post from whitetop. As a former corporate VP for a large brokerge firm, his comments regarding the inverse relationship between collector cars and the stock market is pretty accurate. Buy the car if you love it, making money on your collector car in the long run is pure bonus. Just my opinion.
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Jim |
#8
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9/7/03:
Hi, Jim: This whole thing started with a search for an LS6 with original sheetmetal, drivetrain, and documentation. I couldn't find "the right one" and here I am in Camaro land. I love both cars, but I still would go for a real LS6 if I could find the one I have in mind. So, it's either an LS6, a Z/28, or a COPO, but the COPO is a BIG, BIG maybe for dollar reasons. Know of any real LS6's for sale in the $50K to $65K range? Thanks. P.S. I know that love of the car is paramount with most enthusiasts, but because they now are SO expensive, I have to think about value/appreciation in a few years - I need to know I can make an exit without taking a bath if I have to sell the car or if I want to sell to buy another one. Fred Gustat |
#9
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9/7/03
Hi (Dave?) and thanks for the sobering thoughts. I appreciate your input and have wondered about that myself. I guess it's like anything else you purchase, you have to "buy it right". I started thinking about buying one of these just to make a few dollars and that is still on my mind, but I would like to own and drive one for awhile and know that it would hold its value/appreciate while I have fun with it. That's the scoop. Thanks again. If I get serious about the search, I'll write you again. Fred Gustat |
#10
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Just found these two Fred.... [img]/ubbthreads/images/graemlins/dunno.gif[/img]
http://cgi.ebay.com/ebaymotors/ws/eB...tem=2431421291 http://cgi.ebay.com/ebaymotors/ws/eB...tem=2431491892 |
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