Thinking about selling....

[69camfrk]

My 1969 Camaro. I haven't completely made up my mind, but I would sort of like to get a C6 Z06, and pay cash for it. If I let the Camaro and the '72 Vette go, that wouldn't be an issue, plus it would free up some space in the garage. While I really enjoy the old cars, it would be nice to have something that I could take a long trip in without issue, and would still be fast. I've had 5 '69 Camaros in my life, and they will always be my favorite car, but it seems like an awful lot of money tied up in something that doesn't see 500 miles a year. What say ye VBOT?

[Sea Six]

I'm currently selling my car collection, so here's my thoughts on the subject.

I'm getting just about what I've got in my old cars, possibly making just a little overall.

But the two cars I bought new are a totally different story. If I take what I paid (an 04 and an 05) and subtract what I will sell them for, I'll have lost around $60,000 dollars.

Dividing the total number of times I actually got in each car and drove them for *any* distance, whether I went to the store for a six pack or drove to visit my sister in TX, it worked out to about $100 dollars every time I drove the cars.

Since I owe about $60,000 on a rental house, that means that it cost me a free and clear house just to have those two cars sitting in my garage depreciating for the ten years I owned them. And when they're gone, I don't even get to drive them any more, but I'm still out the money.

My advice: if you are bored with your current '69 and you want something different that drives fast and handles great, buy a nice crate-motor high performance resto mod that someone else has spent a fortune building, that will never get his money back out of the project.

Then, when you sell it, I doubt seriously you'll lose as much as you would in depreciation on a C6 Z06.

[DAB]

The reason I'm down to a truck. I'd never drive a corvette, so why spend $$$$ on one now.

[Jeff '79]

:iagree:
They're great usable pieces of art, but like everything else, the novelty wears off and it's on to the next flavor of the day.
If you're done with them, then yes, do it.

[lander]

I thought I wanted back into a Vette but have decided instead for a VW GTI...just waiting for the Performance Package vehicles to arrives so I can test drive one and see if it's worth the extra dinero.

It'll be something I can drive every day, convenient (i.e. I can fit my golf clubs in it), and room for 4 (in case hookers go on special 3 for 1), plus still sporty (as sporty as a box can get that is) and fun to drive without attracting too much attention from da police...

[69camfrk]

I'm currently selling my car collection, so here's my thoughts on the subject.

I'm getting just about what I've got in my old cars, possibly making just a little overall.

But the two cars I bought new are a totally different story. If I take what I paid (an 04 and an 05) and subtract what I will sell them for, I'll have lost around $60,000 dollars.

Dividing the total number of times I actually got in each car and drove them for *any* distance, whether I went to the store for a six pack or drove to visit my sister in TX, it worked out to about $100 dollars every time I drove the cars.

Since I owe about $60,000 on a rental house, that means that it cost me a free and clear house just to have those two cars sitting in my garage depreciating for the ten years I owned them. And when they're gone, I don't even get to drive them any more, but I'm still out the money.

My advice: if you are bored with your current '69 and you want something different that drives fast and handles great, buy a nice crate-motor high performance resto mod that someone else has spent a fortune building, that will never get his money back out of the project.

Then, when you sell it, I doubt seriously you'll lose as much as you would in depreciation on a C6 Z06.
I realize that I would eventually lose my ass on the Z06. My Camaro could easily be turned into a pro touring car with an overdrive trans and a few suspension mods. Body, paint, and interior are all good. It just went through the body shop 2 years ago. Car is cherry. I am running a stout 383 (Brodix heads, all forged, roller cammed) engine, Autogear Muncie with rock crusher gear set and a 12 bolt with 4:10 cogs with a new Eaton posi, and Moser axles. I can get my money out of it as it sits, and it is a ball to drive, but obviously the way I have it set up, only short distances are in order. My Corvette has new interior, and is numbers matching (4 speed), but the numbers motor is pickled in a crate in the garage. I used the motor that was previously in my Camaro in it, and it knocked down 300 rwhp on a chassis dyno. Of course I am big into Harley's and would like to get a Street Glide that should last until I'm dead and gone. It is just something I am tossing around right now.:seasix:

[Sea Six]

I realize that I would eventually lose my ass on the Z06. My Camaro could easily be turned into a pro touring car with an overdrive trans and a few suspension mods. Body, paint, and interior are all good. It just went through the body shop 2 years ago. Car is cherry. I am running a stout 383 (Brodix heads, all forged, roller cammed) engine, Autogear Muncie with rock crusher gear set and a 12 bolt with 4:10 cogs with a new Eaton posi, and Moser axles. I can get my money out of it as it sits, and it is a ball to drive, but obviously the way I have it set up, only short distances are in order. My Corvette has new interior, and is numbers matching (4 speed), but the numbers motor is pickled in a crate in the garage. I used the motor that was previously in my Camaro in it, and it knocked down 300 rwhp on a chassis dyno. Of course I am big into Harley's and would like to get a Street Glide that should last until I'm dead and gone. It is just something I am tossing around right now.:seasix:

Sounds like you've definitely thought this through.

I'm not trying to tell you how to live your life, I'm just telling you about my personal experience with big-time depreciation.

How much you looking to spend? Early C6 or late-model?

[69camfrk]

Sounds like you've definitely thought this through.

I'm not trying to tell you how to live your life, I'm just telling you about my personal experience with big-time depreciation.

How much you looking to spend? Early C6 or late-model?

I'm thinking '08-'09 or newer if price is right, but Lord knows I have squandered away plenty of money on cars through the years. Guessing somewhere in the 38-45k range for a C6. Some I've come out ok on, some I took a loss just to get them out of my hair. Honestly, I'm not sure how much I would drive a newer Corvette either. As mentioned, the novelty wears off after a while, and with the old stuff, I just don't feel like laying on the Concrete working on them anymore. Used to be you couldn't pry me out from under one with a crow bar and a stick of dynamite. I lived to work on them. The insurance and such on a newer Vette might be a turnoff too. I've not investigated that part yet.

[Grey Ghost]

I got bored with my '65 and '66 Corvette. I think I enjoyed turning a wrench on them just as much as driving them. Can't do that with a new car. I don't drive fast anymore. I just set the cruise about 5 miles above the limit and let the miles roll by. If I wanted the speed thrill. I would build up an old Nova or something for bracket racing at the nearby drag strip. I always kept close tabs on how much I had in my cars. I didn't lose any and didn't make much either. They were kind of like money in the bank, but much more fun than it sitting in a vault or a number on a piece of paper. I still have the urge for a '70-'72 SWB C10.

[lspencer534]

OP, please tell me your depression isn't related to the thread I started last night about the gin you sent me. In truth, it was delicious...perhaps the best gin I've ever drunk. Or that got me drunk. My teeth, hair, and fingernails have almost stopped hurting. Sirus. I'd try it again tonight, but I ran out.

Yea... that's the ticket! - YouTube

[69camfrk]

I got bored with my '65 and '66 Corvette. I think I enjoyed turning a wrench on them just as much as driving them. Can't do that with a new car. I don't drive fast anymore. I just set the cruise about 5 miles above the limit and let the miles roll by. If I wanted the speed thrill. I would build up an old Nova or something for bracket racing at the nearby drag strip. I always kept close tabs on how much I had in my cars. I didn't lose any and didn't make much either. They were kind of like money in the bank, but much more fun than it sitting in a vault or a number on a piece of paper. I still have the urge for a '70-'72 SWB C10.

The Camaro is definitely money in the bank. Even if I don't get another car, some real estate might be in order. I want to have a place in the north GA mountains. I grew up in the mountains of Southwestern Virginia, so it is not much of a departure, plus you still get GA weather. I am not moving back to VA, so I might as well do something else with the money. I have a small farm in VA that I'm going to sell (30 acres about, with a pond, creek, woods, and pasture) I should come out ok on that. I could always keep the '72 Corvette for my classic car fix. Just getting some ideas going. I should have about 7 years or so until I retire, and that will be on me fast.

[69camfrk]

OP, please tell me your depression isn't related to the thread I started last night about the gin you sent me. In truth, it was delicious...perhaps the best gin I've ever drunk. Or that got me drunk. My teeth, hair, and fingernails have almost stopped hurting. Sirus. I'd try it again tonight, but I ran out.

Yea... that's the ticket! - YouTube (http://www.youtube.com/watch?v=iyp9fh-u4w8)

Do I need to score you some more Larry? If you are admitted to the hospital for multiple organ failure, I AM NOT responsible!!! That stuff is $6 a liter. Cost me more to mail it!:lol:

[lspencer534]

Do I need to score you some more Larry? If you are admitted to the hospital for multiple organ failure, I AM NOT responsible!!! That stuff is $6 a liter. Cost me more to mail it!:lol:

$6 a liter? Man, I sold you short. I saw on the interwebs that it went for $4.35 a liter. My sincerest apologies....

[allthrottleandsomebottle]

I say keep 1 musclecar & buy a newer vette..........I have this set-up and like it a lot!
When you want the muscle car feel..........then that long fun drive in a modern vette

[69camfrk]

$6 a liter? Man, I sold you short. I saw on the interwebs that it went for $4.35 a liter. My sincerest apologies....

:rofl: Only the best man!!!!:D

[78SA]

Who worries about depreciation in a car that could be a daily driver in GA? I say go for it and have a car that you can enjoy and also get over 20mpg. :seasix:

[DukeAllen]

OP I'd give you a dollar for every mile per year you put on that Camaro :D

Lander...if you caught 3 hookers, would you know what to do with them? :funny:

[69camfrk]

Who worries about depreciation in a car that could be a daily driver in GA? I say go for it and have a car that you can enjoy and also get over 20mpg. :seasix:

Very true Kerry, but I'm keeping the real estate option open too. Many things to consider at this point. I have definitely poured my heart and soul in the Camaro, but at last, it is just a car. I'm to the point that I need to put money in other places. A Z06 would definitely be a poor investment unlike real estate. Who knows....some changes are in order though. I absolutely do not want to stay in WR the rest of my life.

[Jeff '79]

Very true Kerry, but I'm keeping the real estate option open too. Many things to consider at this point. I have definitely poured my heart and soul in the Camaro, but at last, it is just a car. I'm to the point that I need to put money in other places. A Z06 would definitely be a poor investment unlike real estate. Who knows....some changes are in order though. I absolutely do not want to stay in WR the rest of my life.

Real Estate is hot again.
The stock market is toppy, interest rates are going to start rising soon, and people are reallocating.
After a dead 2 years, I just sold a chunk of land, have a serious offer on another, and have an inquiry on another.
Hearing you say that you're considering land makes me happy, as I'm liquidating all of my vacant land and it's finally moving...
Land is a great investment, as they're not making anymore of it.:yesnod:

[LATB]

Real Estate is hot again.

Did I miss the memo? :island14:

[Jeff '79]

Did I miss the memo? :island14:

You disagree?:waiting:
I'm just talking from personal experience.
You just closed on a few parcels, didn't you?

[Grey Ghost]

You disagree?:waiting:
I'm just talking from personal experience.
You just closed on a few parcels, didn't you?

It is hot in our area. You can't find decent acreage with running water here.
It seems to be what everybody wants and no one wants to sell what they have. There are people lined up to buy anything like that that comes open.

[LATB]

You disagree?:waiting:
I'm just talking from personal experience.
You just closed on a few parcels, didn't you?

I think real estate is beginning to sell. I don't think it's hot.

Yes closed two in the past couple weeks. As a seller and as buyer. Both deals favored the buyer. And I have another for sale with limited interest so far, but it's in SW Fla. and "season" is just beginning down there.

I do like the direction it's going though. :cert:

[onedef92]

How much are number's-matching, Z-28's in Concour's condition pulling down? $60 to $80k and shet? :confused5:

[Cybercowboy]

I've decided to sell my C5 because I'm not driving it hardly at all and it's just taking up space that my wife could use, and she needs a new vehicle. Think we have her down to a new Mazda CX=5. It will run about $33k, I might be able to get $20k for the vette (convertible, very low miles, red/black, all the good options) and about $7k for her current car. Even so I'll be losing about $33k on the vette, but I've owned it since 2001. That works out to a little less than $2/mile not counting anything like gas/insurance/taxes. Probably do it in the next couple of months.