Hi new here. Thinking about a camaro. But I cant afford a nice 69.

If you were to hold onto a 87 IROC Z28 for maybe 30 years, would it appreciate like the 69's did? Or would you be better off just buying the 69 and holding?

Second. Does the value of a classic car drop when it has aftermarket speed gear on it? Supercharger , exhaust, suspension..

Thanks

 

in general, originality keeps the value high. the more a car looks like it did the day it rolled out the door, the safer investment it will be

obviously an iroc will be worth more 30 years from now, but will an 87 ever be as cherished as a 69? not a chance.
I think if you can get a good car for a good deal right now, it's a great time to invest, but don't expect a payday anytime soon.

as for the 69, i think the market is a little soft for them right now, people are asking a certain amount for them, but there are so many out there available, there are more cars than buyers, unless you found a buyer who would come down to silly cheap money, it's hard to get a car that you KNOW will appreciate in value.

Here's the problem. A few years ago people bought these cars for 6-10K to fix up as investments. They spent $30-50K fixing them up, and now are trying to sell them for what they have in them.... it doesn't work that way

good luck!

 

Thanks.

This is what I was looking at. Its been redone.

http://www.thecamarotrader.com/details.php?id=15721

I not looking to make money short term. But I don't want to take it in the shorts if for some reason I'm forced to sell. I need to break even.

Will that car hold its value if I can get it for $12k?

 

nice car, but it's been modded to holy hell, and it's too expensive right now.

if you could get that car for $3000, then maybe you could hold onto it, but not this one, no way

if you don't believe me, ask the guys on thirdgen.org. They tend to be very realistic of the collector value of the cars, no pie in the sky opinions over there.

 

$3K? I wish.

Have you looked for $300 dollar IROC's on craigslist? Rough...

 

check out some cars over on thirdgen. that price for that car is stupid high

you'll be lucky if you could sell it for half of that

 

check this one out... it's much more likely to go UP in value in the next 10 years
http://www.thirdgen.org/techboard/ca...9-87-iroc.html

your link isn't a collectable because there's not much camaro left in it. 4th gen seats, stroker motor, ect

 

here's another

http://www.thirdgen.org/techboard/ca...c-z-350-a.html

and another

http://www.thirdgen.org/techboard/ca...c-z-350-a.html

 

If I were serious about buying a third gen as an investment I'd do some research first. I'd see what year had the lowest production numbers, best performance and rarest options and color, then I'd look for it in the most original unmolested condition with the lowest miles I could afford.

 

If you want to talk investment, get out of the car world. Even the rarest of the rare (say, a 1969 ZL-1 Camaro) didn't appreciate enough to get the kind of money that'd make it a worthwhile investment.

~9.5% increase per annum, as I calculated. If you know where to put your money, it'll earn 10, 12, 13% annual returns, which makes a big difference.

And most cars will never appreciate as significantly as those did.

I'm not saying it will never be worth more money than it is now, but if you want to make money out of it, look somewhere else.