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    Expensive Muscle Cars

    CNNMoney has a nice article on the top ten classic muscle cars:

    ----link to article----


    All of them are interesting vehicles but what really caught my eye was that the 69 Camaro Z/28 was in the group, a vehicle I once owned. It just so happens that their accompaning photo is also the same color combo I had; blue with white stripes. It was a cool car; so highly tuned, it was barely usable on the street.


    Quote:
    1969 Chevrolet Camaro Z-28/SS coupe
    Value in 2000: $18,450
    Value today: $91,700
    Source: Kelley Blue Book

    After the Corvette, the 1969 Camaro is the most popular 1960s Chevrolet among collectors. Available in everything from an economy 6-cylinder model to super-aggressive packages like this, there was a '69 Camaro for virtually every buyer.

    "1969 was a zenith year for Camaro," said Matt Stone, executive editor of Motor Trend Classic magazine.




    Re: Expensive Muscle Cars

    Wow after seeing that price I bet you wish you held on to yours.

    Re: Expensive Muscle Cars

    In some sort of way, yes, but not from an investment perspective. That's less than 9% annual return on the original investment. And this is one of the most successful muscle cars. More typically you're losing money on car collections. No, I think you have to do it for the love of the cars, and yes, from that perspective, I do wish I still had that car.

    Re: Expensive Muscle Cars

    I was thinking you owned it more recently, like late 90's.

    Re: Expensive Muscle Cars

    No, I bought it new.

    Sold it three years later.

    Re: Expensive Muscle Cars

    I'm starting to give older cars the respect that they deserve... (i'm only 23).

    I loved the shelby cobra since the day I saw and drove the kit car version of it in DE. To me that car and the COUPE (the shelby race car coupe...to me is pure sex on wheels). That's just me.

    And it has taken time and MATURITY for me to understand other older cars and respect what they offered to love them too...

    However, I must say for many of these older cars, individual (older individuals) love these cars more than I do.... very simply b/c they wanted them when they were younger. AND I CAN UNDERSTAND THAT. But come on....

    Re: Expensive Muscle Cars

    Quote:
    0two9 said:
    I'm starting to give older cars the respect that they deserve... (i'm only 23).

    However, I must say for many of these older cars, individual (older individuals) love these cars more than I do.... very simply b/c they wanted them when they were younger. AND I CAN UNDERSTAND THAT. But come on....



    You are understanding what drives the value of vintage cars . Add 30 years and value jumps . Why ? The 15 y/o who had a poster of the car on the wall is now in his/her prime earnings years , facing mid-life crisis and wants to regain his youth . Explained the value rise of late 50s/early 60 Ferrari a decade and a half ago , seeing it with muscle cars now - even the " mundane " ones that were around on every street corner. So in 22 years , I predict you will be hot for for a 1998 Camry!

     
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