why mods may not be for everyone ... - Chevy SS Forum
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post #1 of 14 (permalink) Old 07-18-2019, 10:06 AM Thread Starter
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why mods may not be for everyone ...

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think SS, 1st edition ('14), low production, low % of survivors, 100% OEM, 30 yrs ...

https://www.yahoo.com/news/chance-ow...164850272.html



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post #2 of 14 (permalink) Old 07-18-2019, 10:37 AM
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Even at $72k it seems low for what some of those hit at before in that condition. Super clean

However -

I see that market on a down turn - less people are into classics at the higher price points and not much of the youth is participating...prices will come down.

Will an SS follow the GXP in the route of increased value? Probably. Although I don't necessarily see it gaining the same as a future Zl1 / ZL1 1LE etc.

Time will tell if the values will go up like they have on current classic cars.
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post #3 of 14 (permalink) Old 07-18-2019, 11:12 AM
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That car is sketchy ... read the description and look CLOSELY ... and not closely for the obvious cover up painting.

If it was a true original unmolested survivor it would be a LOT more $$$
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post #4 of 14 (permalink) Old 07-18-2019, 12:03 PM
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I can live with the repaint if its was done well, but with the date code on the block being illegible scratches it from being a number matching car right there for me. it would however be a very nice driver though.
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post #5 of 14 (permalink) Old 07-18-2019, 12:26 PM
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It's the old to each their own in my opinion. I bought my car to drive and have fun with it. I don't know what the value will be down the road. I have kept all stock parts so I do have the ability to return to stock if desired but it would be slightly molested ha.

That car has 17,800 miles so they did about 450 miles per year. The internet says the MSRP in 1968 was $2,881 - $3,539. Since I'm a numbers guy if I took $3,250 as a base escalated by a 5% annual return (probably may not be attainable each year from 1968 - 2019 but whatever) you would have $24,000 today. I took a base of insurance starting at $100 ( I have no idea what it was in 1968) and increased it by 3% annually. Insurance would've cost you $7,500. So him owning the car cost in $31,500 not including any additional repairs and maintenance. There are other factors but for argument sake I am keeping it simple.

Yes getting $72,000 would've been great if you wanted to just enjoy seeing the car sit in your garage and appreciate in value. For me drive it, have fun with it and don't worry about 40yrs from now.

$72,000 less $31,500 is $40,500 of gain. I'm sure he loved cleaning, washing, waxing and having it in his garage so he could say he had an awesome Camaro. For me to have the enjoyment of driving a car for $1,000/year ($40,500 gain/ 40yrs) is worth more money than someone ever could give me 40yrs from now! But then again I am a simple man.
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post #6 of 14 (permalink) Old 07-18-2019, 12:32 PM
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Don't assume it was NOT a drag car.

Most extremely low miles hipo's were drag cars.
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2017 SIM ROOFLESS SPARE AUTO UNSULLIED
2,701st of 4,008 built 2-5-2017
12th of 17 built as configured

2014 SIM ROOFLESS - Traded
2,703rd customer car built
1 of 73 ROOFLESS SIM customer built cars
1 of 78 total ROOFLESS SIM in US when including the 5 roofless SIM GM internal cars sold as used.
1 of the 78 is confirmed dead and unrecoverable.

I don't do lazy or stupid.
Proudly politically incorrect.
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post #7 of 14 (permalink) Old 07-18-2019, 12:54 PM
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It's even worse if you compound the interest.

39k on the 3250 from 1968
62k on the $100 /yr from 1968

Quote:
Originally Posted by 41AH24 View Post
It's the old to each their own in my opinion. I bought my car to drive and have fun with it. I don't know what the value will be down the road. I have kept all stock parts so I do have the ability to return to stock if desired but it would be slightly molested ha.

That car has 17,800 miles so they did about 450 miles per year. The internet says the MSRP in 1968 was $2,881 - $3,539. Since I'm a numbers guy if I took $3,250 as a base escalated by a 5% annual return (probably may not be attainable each year from 1968 - 2019 but whatever) you would have $24,000 today. I took a base of insurance starting at $100 ( I have no idea what it was in 1968) and increased it by 3% annually. Insurance would've cost you $7,500. So him owning the car cost in $31,500 not including any additional repairs and maintenance. There are other factors but for argument sake I am keeping it simple.

Yes getting $72,000 would've been great if you wanted to just enjoy seeing the car sit in your garage and appreciate in value. For me drive it, have fun with it and don't worry about 40yrs from now.

$72,000 less $31,500 is $40,500 of gain. I'm sure he loved cleaning, washing, waxing and having it in his garage so he could say he had an awesome Camaro. For me to have the enjoyment of driving a car for $1,000/year ($40,500 gain/ 40yrs) is worth more money than someone ever could give me 40yrs from now! But then again I am a simple man.
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post #8 of 14 (permalink) Old 07-18-2019, 01:20 PM
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Tastes have changed and the 60's and 70s' muscle car market is cooling off. The baby boomers who want these more than likely already have them, already have a full garage, or are done buying old cars.
Gen X and Millennials are not as interested in their dad's cars and are looking to European and Japanese offerings.

Myself included.

The person who owned this car probably spent more time daydreaming about driving it than actually driving it. Why own it then?
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post #9 of 14 (permalink) Old 07-18-2019, 01:51 PM
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Quote:
Originally Posted by CB750 View Post
Don't assume it was NOT a drag car.

Most extremely low miles hipo's were drag cars.
While I agree, somewhat,...Z-28 with 302 was not really a good drag car when ther were 396's, and a few 427's to be had for that purpose. The Z-28 was a high revvin' road race machine. It could even be had with, dealer installed 4 wheel disc brakes!
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Previous vehicles:
2015 Cadillac SRX Premium(current wifes car)
2003 Silverado(SOLD 12/2019)
1991 454SS(stolen)
2002 Infiniti Q45(traded in on SS)
1988 Mazda RX7-Anniversary Edition
1986 Mazda RX7 Sport(race car)
1983 Mazda GLC(race car)
1973 Mazda RX2(race car)
1981 Mazda GSL(bought new)
2007 Cadillac STS-V
1999 Cadille Seville STS
1995 Cadillac Eldorado
1990 Cadillac Eldorado
2002 TransAm Firehawk
1977 TransAm - Black and Gold Bandit Ed.
...that's far enough
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post #10 of 14 (permalink) Old 07-18-2019, 02:40 PM
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Quote:
Originally Posted by willy92 View Post
While I agree, somewhat,...Z-28 with 302 was not really a good drag car when ther were 396's, and a few 427's to be had for that purpose. The Z-28 was a high revvin' road race machine. It could even be had with, dealer installed 4 wheel disc brakes!

And the cross ram manifold with 2, 4 barrel carbs if you had really deep pockets back then.
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