1970 Ls6 Convertible

[yountto]

Its seems a spin has been put on some comments made here.I dont think Greg C or anyone else has said these cars will be worthless and to hurry and have a fire sale..I also agree with a few statements that the cars that will never suffer are the ultra low production and massive horsepower ZL1s,Hemi cuda and Ls6 converts...If however you dont think this market will suffer if interest rates rise a few points,maybe you need to enroll in a few economic courses at a local college...

[Belair62]

I think you are assuming that people treat these as investments...and I don't think that is the case.If interest rises a whole lot of things will suffer...what's the point ? Yountto ...got any Pontiac stuff ?

[YENKO DEUCE REGISTRY]

I think that a lot of people do treat them like investments, but 'short term' investments. Once they see that the DJIA is back, they will put their money there.

Over the long term, yes the muscle cars have gradually increased in value. However, they are very poor investments, comparitively speaking to Wall Street. For example, if you bought a Yenko Deuce in '70 for it's $4400 sticker price, and kept it real nice, it might bring around $65-80k today. If you had invested that $4400 in an average fund that gave you a 35 year avge ROR of 12%, compounded monthly, you would have approximately $290k today!

So, if you are in it for the long term, it doesn't matter what they are worth in dollars because the real rate of return is your personal enjoyment

[yountto]

Belair if people dont treat these cars as investments and we should buy cars for enjoyment, why did you make this statement yesterday ? Whats wrong with buying a "european clunker" if its what you enjoy,then????......QUOTE "I hope the wealthy younger generation wises up...you keep buying those european high dollar clunkers and you aren't going to be wealthy long !!!Talk about depreciation...buy an "esses" whatever that is (i'm old) now for 80k and sell it for 25 in 5 years

[Belair62]

It was in response to Gregs point about the young wealthy people buying esses...I don't buy my cars as an investment...it just turned out that they are looking more and more like a good one...I usually buy high and sell low ! The thread started with you posting a look and see on an LS 6 convert.Then it went into a value/vs. doc's and how a COPO is this or that and shouldn't be as valuable as they are and that they trade and get inflated by a few people and no one buys them but a few people and yadda yadda....then we went into investments...what was the point really ? I would imagine you of all people should be kind of glad that the prices are where they are...

[yountto]

Belair, Ok then,i will make it short..I have a problem with cars that have "joes a good guy", "Tim judged it",and "BOB put gas in it in 1977" as "documenting" a car.Its done more on this site than ANYWHERE else.Probably because theres not alot of documentation available on these cars like buildsheets etc..The "supercars" are usually mentioned because thats what this site is about more than any other car .I dont specifically have ANY problem with copos [and im currently in the market for one],other than i wouldnt own one that wasnt canada documented[my personal preference]unless it was priced as a well done clone[again my personal preference]. ...After watching the Ebay ls6 gain momentum in acceptability because of the ebay bidding list and one persons opinion,i brought up the fact that now that there were members here bidding on it,everyone jumped on the "its an original car" bandwagon,when for the last year it was for sale not nary a word was said.I guess now that the car went elsewhere we can talk about how worthless the ls6s are again.....Can you imagine how many more 435 67 corvettes would be made"legitimate" if the NCRS started "documenting" cars based on a judges opinion and a Zora Duntov signed glove box??]?????? Simply put,you cant campaign a car as 100% legit UNLESS you have factory legitimate paperwork or in the case of the ZL1s,the vin #,and that will always be the universal litmus test...On another note ..On dreamcar garage, in between the "yenko chevelles and camaros are 150k and novas 300k",didnt i hear an "although not as desirable as an Ls6 convertible" in that sentence correct me if i am wrong

[Belair62]

[ QUOTE ]
didn't pay a "specualted" price.

[/ QUOTE ]Are you going to sell it cheap !!! since you didn't pay up for it...this is interesting news that it's for sale ! Yountto..I wouldn't buy one that was presented as that either. But the car you will accept is going to cost a lot of money.Even one of those well restored clones may have some overpriced rare parts on them that the owner may want to recoup..keep looking. Kind of a strange thread and to tell you the truth I had a feeling the pilot car would be for sale...I hope you find one of those young whipper snappers that drive esses to pay up for it Greg. !! I never heard an Escalade called an ess...I like those...with 22's on em !

[SuperCars]

I get a lot of emails and calls asking to buy cars. It is rarity/desirability of a car combined with supply and demand. For example right now there are 2 or 3 ultra-wealthy collectors trying to buy a 71 Hemi Cuda Conv. These guys are immune to any economic down turns when it comes to what they can afford to pay. So when you have 2 or 3 more buyers, than actual cars to exist, crazy money is offered on cars. But for plentiful and less rare cars, of which there are enough to go around; they will stay at normal prices because you can always seem to find one come up for sale.

Most of you on here have see this with the 427 Yenko Novas at it's record high. It's because there are more buyers wanting one than there are 427 Yenko Novas to exist. That is when prices go sky high. I feel LS6 Convertibles are currently way under-priced, based on the numbers of them to exist.