Why the 5th Generation Camaro will not be a collectable car - Page 6 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

cbass · 06-20-2012, 08:24 PM

Quote:

Originally Posted by Wizard1183

I agree completely but $200000 for inflation? I seriously doubt itll be that much lol. Look at how thigns are going, no way what you buy for $40k will cost $200000 in 30-40 yrs. If thats the case, look for half the nation to be homeless living under an overpass near you.

Not with the way the Fed is printing money these days.

Let's hope you won't need $200000 to buy bread in the next 10 years. Look at the history of some European nations.

CamaroFemme · 06-20-2012, 08:27 PM

Just MO:

I didn't buy this car for it to just sit in hopes that one day it will be collectable. I bought it to drive it and have fun with it. If you drive it you experience the joy, speed, and performance that is Camaro. If it just sits in your garage, you have a $40,000 hunk of metal, rubber and plastic, nice to look at but ultimately you're missing out on the whole point of why you would even 'collect' this car.

If you are fulfilling the dream of someone you love, such as a great-grandson or what have you, fine (cross your fingers he likes classic cars, and don't fool yourself that he automatically will.) But otherwise, deprive myself of all this awesome so that someone else might possibly have a pristine classic car one day?

No.

90503 · 06-20-2012, 08:38 PM

I don't think there were ever (except maybe some from the factory that are in museums) any collectible cars that were never driven. So far, I plan to keep my Camaro "forever" and it probably will belong to my son one of these days. Doesn't mean I'm not driving it or enjoying it. And I didn't buy it solely thinking it would be an instant or future classic.

It is posssible to plan to care for a car for many years and still be in excellent condition years later. I knew before I bought it that it wouldn't be a daily driver, or grocery getter. I wouldn't use my car any differently if I knew for a fact it would never be a "collectable".

If it does turn out to be that way, it'll be my kid's "problem".

AZCamaroFan · 06-20-2012, 08:41 PM

Quote:

Originally Posted by Wizard1183

3rd and 4th Gens arent exactly muscle. Sure the 4th Gens had more Hp than the 3rds but both Gens were made during economic changes which is beginning to take place again. So the 5th gen muscle I'd think would be prized later on down the road. Im not going to say our cars will be worth $500k but Id imagine it'll go up to at least what we paid for them. ZL-1s, Id imagine the collector market will be good for them since production will be low on those animals. Question is, how high will the bar be pushed at in producing HP on an economical level? My thoughts are its going to start declining as that of the 80s and 90s going to the twin turbo 4 cyl and 6 cyliders.

it depends how you define it. old timers talk about cars of the 60s "it had 300HP." yeah GROSS HP. An IROC-Z would whip a 67 SS 350. Heck, an LS1 4th gen would have 400GROSS hp under the old ratings.

JusticePete · 06-20-2012, 09:06 PM

Everything is collectable. The variable is how many years it takes for the item to increase in value. Model Ts, all black...

Ladybugsmom · 06-20-2012, 09:23 PM

It really doesn't matter to me, since I'm making plans to be buried in it. On the off chance my family decides not to honor my wishes, I'll leave the chiclets on - just in case

two_wheel_mayhem · 06-20-2012, 09:26 PM

If YOU don't enjoy the car, and in 20 years it still has low miles, then it will be worth something to someone.

Is it worth it dragging it around taking space in the garage for 20 years so you can recollect what you paid?

Or will you restore it after you wear it out and hope for big bucks? Most non-special restored cars that go across the block don't sell for enough to cover the cost to restore.

The 82 Mustang GT and GM F body cars started all this crap again after the fuel crisis of the 70's that brought us a lot of crappy cars. They are historic cars, they brought back performance....sorta. These cars if clean and original will bring $5000, that's less then they were new.

Angrybird 12 · 06-20-2012, 09:30 PM

Quote:

Originally Posted by JusticePete

Everything is collectable. The variable is how many years it takes for the item to increase in value. Model Ts, all black...

Untrue. To quote Mike Wolfe of American Pickers, "Not everything old is collectible". First you need somebody to want it. Can you ever imagine a Yugo being worth more than it cost new? Heck they weren't worth that much when they WERE NEW!

JusticePete · 06-20-2012, 09:41 PM

Quote:

Originally Posted by Angrybird 12

Untrue. To quote Mike Wolfe of American Pickers, "Not everything old is collectible". First you need somebody to want it. Can you ever imagine a Yugo being worth more than it cost new? Heck they weren't worth that much when they WERE NEW!

Auto Sales 101 -- There is a seat for every axx and an axx for every seat

Bonanza7 · 06-20-2012, 11:11 PM

Quote:

Originally Posted by Wizard1183

Considering how your talking about these so called experts, it seems they werent very far off the mark now are they? I havent looked up the original price of a dodge dart, but theyre going for around $10k If thats not big bucks compared to what they spent buying it, I dont know what is? Most of the so called experts hold more salt in their words than just a guy on the street. Its all purely speculation. But if you ever give it some thought, spectators can be pretty spot on. Theyre speculating AAPL to double in stock in a few months to a yr. Now while I find it quite inane for it to double, I do see it as a good buy. Intel seems to be decent but Im a little skeptic considering its stock is at the highest its ever been. Anyway, we're going off the mark here but those speculators have some truth in their words. Those who think differently are the same ppl who owned 60s muscle cars and let them go to shit and wish they couldve done thigns differently. Hindsight is always 20/20

I guess it depends on what you expect from a collectible. To me, a collectible is a 57 Bel Aire, or a 70 cuda ragtop. That kind of price increase and popularity. I recall when i was in high school, the 65 Dodge Coronet was being claimed to be the New 55 Chevy. worth more than when new, but never near the value or status of the 55.

Dr. Evil · 06-21-2012, 12:27 AM

$3000 in 1970 is about like $ 16-$18k today adjusted for inflation. If you had invested that $3000 back in 1970 and earned a modest %7 return over that time it would be worth $61,910.33 today. It would have outperformed most all cars, especially when you factor in the cost of maintenance and upkeep on the vehicle over those 42 years.

Just for giggles at %9 your $3000 would be worth over $150k.

Cars are not investments, they are consumables.

Hall of Fame · 06-21-2012, 06:55 AM

Quote:

Originally Posted by blk96gt

Anyone who bought this car with the intent to make money off of it is an idiot. If your Camaro cost you $40,000 today, you would have to sell it for $200,000 in 40 years to even break even after adjusting for inflation. You can make 4-5% by buying a few shares of stock with a good dividend. If you do a minimal amount of research you can find stocks that will net you a 10-15% return over the course of 20 years.

Cars as investments are a terrible idea.

I've been an idiot making money off classic cars for 33 yrs. Never mind the hundred of thousands of dollars I lost in the stock market a few years back. Making a general statement is priceless on the web .

Angrybird 12 · 06-21-2012, 07:02 AM

Quote:

Originally Posted by Hall of Fame

I've been an idiot making money off classic cars for 33 yrs. Never mind the hundred of thousands of dollars I lost in the stock market a few years back. Making a general statement is priceless on the web .

How many we're new when you bought them?

GTUPONIT · 06-21-2012, 07:24 AM

Keep in mind, what is considered collectible 40 years from now depends upon the individual. Watch some instances on Barrett-Jackson. A car you would think is worth some serious coin only goes for 40k. But the next car in line that has a different color scheme sells for 100k. Whats the difference? Someone recalled their youth 40 years ago and either had that car or really wanted but couldn't afford it. Now that they have the means, they will do almost anything to get it.

Enjoy the car for now, that's what they are made for. If you can manage not to wrap it around a tree, sell or trade it in, and can maintain it "daily", it will be worth something in the future.

Realistically, most of us will say in 40 years that we had a 2010-2013 Camaro but got rid of it. "Man, I wish I still had that car!"

06-20-2012, 08:27 PM	#72
CamaroFemme Drives: 2010 Black Camaro 2SS/RS Join Date: Aug 2009 Location: USA Posts: 1,879	Just MO: I didn't buy this car for it to just sit in hopes that one day it will be collectable. I bought it to drive it and have fun with it. If you drive it you experience the joy, speed, and performance that is Camaro. If it just sits in your garage, you have a $40,000 hunk of metal, rubber and plastic, nice to look at but ultimately you're missing out on the whole point of why you would even 'collect' this car. If you are fulfilling the dream of someone you love, such as a great-grandson or what have you, fine (cross your fingers he likes classic cars, and don't fool yourself that he automatically will.) But otherwise, deprive myself of all this awesome so that someone else might possibly have a pristine classic car one day? No. __________________ -- My boyfriend don't mind it.

06-20-2012, 09:23 PM	#76
Ladybugsmom Older than I look.... Drives: 2010 VR Camaro 2SS/RS LS3 Join Date: Feb 2011 Location: Washington Posts: 6,481 View My Garage	It really doesn't matter to me, since I'm making plans to be buried in it. On the off chance my family decides not to honor my wishes, I'll leave the chiclets on - just in case __________________ High Heels and Fast Wheels!!

06-21-2012, 12:27 AM	#81
Dr. Evil Drives: 2013 SS Join Date: May 2011 Location: Tennessee Posts: 350	$3000 in 1970 is about like $ 16-$18k today adjusted for inflation. If you had invested that $3000 back in 1970 and earned a modest %7 return over that time it would be worth $61,910.33 today. It would have outperformed most all cars, especially when you factor in the cost of maintenance and upkeep on the vehicle over those 42 years. Just for giggles at %9 your $3000 would be worth over $150k. Cars are not investments, they are consumables. __________________ 2013 model 2SS LS3 1969 model wife. Factory stock, no mods. Redhead package. 2005 model son. Special ordered with the hell on wheels package.

06-20-2012, 08:38 PM	#73
90503 Drives: 2011 2SS/RS LS3 Join Date: Nov 2011 Location: Torrance Posts: 14,428	I don't think there were ever (except maybe some from the factory that are in museums) any collectible cars that were never driven. So far, I plan to keep my Camaro "forever" and it probably will belong to my son one of these days. Doesn't mean I'm not driving it or enjoying it. And I didn't buy it solely thinking it would be an instant or future classic. It is posssible to plan to care for a car for many years and still be in excellent condition years later. I knew before I bought it that it wouldn't be a daily driver, or grocery getter. I wouldn't use my car any differently if I knew for a fact it would never be a "collectable". If it does turn out to be that way, it'll be my kid's "problem".

06-20-2012, 09:06 PM	#75
JusticePete Drives: Camaro Justice Join Date: Jun 2007 Location: Virginia Posts: 20,174	Everything is collectable. The variable is how many years it takes for the item to increase in value. Model Ts, all black...

06-20-2012, 09:26 PM	#77
two_wheel_mayhem Would rather be riding Drives: No car no more Join Date: Jul 2009 Location: Indiana Posts: 2,750	If YOU don't enjoy the car, and in 20 years it still has low miles, then it will be worth something to someone. Is it worth it dragging it around taking space in the garage for 20 years so you can recollect what you paid? Or will you restore it after you wear it out and hope for big bucks? Most non-special restored cars that go across the block don't sell for enough to cover the cost to restore. The 82 Mustang GT and GM F body cars started all this crap again after the fuel crisis of the 70's that brought us a lot of crappy cars. They are historic cars, they brought back performance....sorta. These cars if clean and original will bring $5000, that's less then they were new.

06-21-2012, 07:24 AM	#84
GTUPONIT Drives: 2016 Hyper Blue & 2017 SS White Join Date: May 2012 Location: Tampa, FL Posts: 245	Keep in mind, what is considered collectible 40 years from now depends upon the individual. Watch some instances on Barrett-Jackson. A car you would think is worth some serious coin only goes for 40k. But the next car in line that has a different color scheme sells for 100k. Whats the difference? Someone recalled their youth 40 years ago and either had that car or really wanted but couldn't afford it. Now that they have the means, they will do almost anything to get it. Enjoy the car for now, that's what they are made for. If you can manage not to wrap it around a tree, sell or trade it in, and can maintain it "daily", it will be worth something in the future. Realistically, most of us will say in 40 years that we had a 2010-2013 Camaro but got rid of it. "Man, I wish I still had that car!"