1969 COPO Camaro w/Documentation

[whitetop]

Fred
Not to tlk you out of buying one of these cars but BEWARE.These cars went skyhigh back in the late '80's when the stock market tanked and people who were not really into these cars put their money into them because of the 15-20% year gains (or more).. The Wall Street Journal had regular columns about the high returns on collector cars. When the market boomed again the car prices crashed for close to 10 years. When the stock market tanked 3 years ago the prices really started to get high again. Also based upon your first post it seems like besides wanting a Copo, monetary gain is what you are looking for in the long term-at least that's some of the impression I get. My opinion is all the high dollar cars will get a significant value adjustment towards the minus side once the stock market comes back very strong. It will not be the value of the cars 3-4 years ago but will be significant enough that some regret their decision(ones who bought the cars late in the game when prices are maxed out-maybe like now??). Besides we are into buying these cars for the love of them 1st and monetary gains are not the first reason why we buy them. Right? Of course this is my opinion and I'm sure I will get flamed by others.
Dave
P.S. If you read the old musclecar mags from the late '80's the same tone of "these cars will continue increasing each year" was the theme. I remember reading about one guy buying a '68-'69 Hemi Roadrunner for 60 grand and two years later could not get 40K for it. Can't remember the $numbers but he took a bath.There were many others.

[SS4Real]

I would completely agree with the last post from whitetop. As a former corporate VP for a large brokerge firm, his comments regarding the inverse relationship between collector cars and the stock market is pretty accurate. Buy the car if you love it, making money on your collector car in the long run is pure bonus. Just my opinion.

[fcneg4]

9/7/03:
Hi, Jim:
This whole thing started with a search for an LS6 with original sheetmetal, drivetrain, and documentation. I couldn't find "the right one" and here I am in Camaro land. I love both cars, but I still would go for a real LS6 if I could find the one I have in mind. So, it's either an LS6, a Z/28, or a COPO, but the COPO is a BIG, BIG maybe for dollar reasons. Know of any real LS6's for sale in the $50K to $65K range? Thanks.
P.S. I know that love of the car is paramount with most enthusiasts, but because they now are SO expensive, I have to think about value/appreciation in a few years - I need to know I can make an exit without taking a bath if I have to sell the car or if I want to sell to buy another one.

Fred Gustat

[fcneg4]

9/7/03
Hi (Dave?) and thanks for the sobering thoughts. I appreciate your input and have wondered about that myself. I guess it's like anything else you purchase, you have to "buy it right". I started thinking about buying one of
these just to make a few dollars and that is still on my mind, but I would like to own and drive one for awhile and know that it would hold its value/appreciate while I have fun with it. That's the scoop. Thanks again. If I get serious about the search, I'll write you again.
Fred Gustat