Resale Value - Newbie question

Thread Tools
 
Search this Thread
 
  #1  
Old 05-30-2013, 11:16 AM
EastCoast's Avatar
Newbie
Thread Starter
Join Date: May 2013
Posts: 2
Default Resale Value - Newbie question

What are the best ways to determine a rare car's resale value? I've looked at Barrett Jackson and eBay but those are kind of difficult because cars vary so much in condition, rareness, etc. I guess they can give you a good starting point. I also understand that everything is worth what somebody else is willing to pay. Any input on how you would go about determining the value?
 
  #2  
Old 05-30-2013, 11:31 AM
Gorn's Avatar
Fourth Generation Moderator
October 2009 ROTM
ROTM Winner's Club
iTrader: (1)
Join Date: Nov 2007
Location: Eastern PA,
Posts: 10,390
Default

It can be very hard. I watch real auction (not rich world barret jackson) and the prices can vary even by season. Rare itself does not generate a lot of value, rare and desirable is where the money is.

Let say you had a rare yellow 69 327 Camaro with rear shoulder belts and a green seats. Rare? very, worth more then a 69 red Z28, Not even close. Now a 69 Z with rear shoulder belts, now your talking.

Also concider the prices of 1st gens have been falling in the last 7 years.
 
  #3  
Old 05-30-2013, 12:18 PM
Camaro 69's Avatar
Senior Moderator
January 2010 ROTM Winner
Join Date: Oct 2007
Location: The 'Burbs of Chicago
Posts: 18,306
Default

Well you said it, a car is only worth what a buyer is willing to pay. ebay is a good place to get ideas, as it has cars and buyers from all corners of the earth, plus you get to see how high someone is willing to go solely based on face value.
 
  #4  
Old 05-30-2013, 01:36 PM
EastCoast's Avatar
Newbie
Thread Starter
Join Date: May 2013
Posts: 2
Default

Originally Posted by Gorn
It can be very hard. I watch real auction (not rich world barret jackson) and the prices can vary even by season. Rare itself does not generate a lot of value, rare and desirable is where the money is.

Let say you had a rare yellow 69 327 Camaro with rear shoulder belts and a green seats. Rare? very, worth more then a 69 red Z28, Not even close. Now a 69 Z with rear shoulder belts, now your talking.

Also concider the prices of 1st gens have been falling in the last 7 years.

Great point. What do you think a 69 Red Z is worth that's completely restored to original condition? How much would you add on top of that for it being rare (rare combo options or hard to find options from factory)? Then how much would you add for it being all numbers matching?
 
  #5  
Old 05-30-2013, 02:54 PM
Gorn's Avatar
Fourth Generation Moderator
October 2009 ROTM
ROTM Winner's Club
iTrader: (1)
Join Date: Nov 2007
Location: Eastern PA,
Posts: 10,390
Default

There are so many factors, first off if you do not have the orginal drive line you will have a tuff time proving the car is a real Z. There are so many fakes out there. Even when you have an all orginal car most collectors want to see the history of ownership. They want to see photos of the car from when it was new with an owner. There is nothing GM made that can not be easly forged or reproduced.

Assuming it is a real Z with the original drive line I would say somewhere between 34K and 114K . There is simply no way to give a real number. Some option are more desirable. Like I said even the time of the year can effect sale price. To get the high numbers you are talking a mint restoration that would most likely cost 60K. With high end restoration WHO does the restoration can add value. There is so much you can not see with a restoration, a collector wants to know who did the restore. If they never heard of them they walk away. Making a car pretty and making a car that is going to last for another 50 years can be two very different things.

The 114K number would be with rare options restored by the best with a complete documented history all the way back to the day it was delivered.

Without the DZ 302 engine its just another 69 camaro that might have been a Z.
 

Last edited by Gorn; 05-30-2013 at 02:57 PM.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
tttttt
93-02 V6 Tech
9
06-18-2011 12:34 AM
Failed Devices
93-02 V6 Tech
4
12-14-2009 05:14 AM
duramax170
70-81 General
0
08-04-2007 07:42 PM
stang1101
LS Series Tech
2
03-05-2007 09:19 PM
96v6maro
93-02 V6 Tech
1
09-01-2006 10:14 PM



Quick Reply: Resale Value - Newbie question



All times are GMT -5. The time now is 06:30 AM.