Why isn’t the Chevy Corvette ZR-1 worth more?

[Fully Vetted]

Originally Posted by DRM500RUBYZR-1

A few random observations on the subject.

While lots of folks say cars are not or should not be investments I find that somewhat funny.
An investment of any type expects a return.
The return could be yield.
It could be security over yield.
OR, it could be the how one "feels" after making the investment.
Life insurance is an investment.
It yields minimal financial return when compared to other financial investment opportunities.
Yet, many invest in it, as do I it for the security it provides when I think of my wife and son.
I don't need nor care someone trying to convince me that it is a "poor" investment.
They can do as they wish, and I will do as I prefer.

Cars as investments.

I have had hundreds of smart, intelligent, savvy individuals pooh, pooh my
"investments" in collectable cars.
This, while they buy a 100k euro sedan ( or big as* truck ); drive it for 2 or 3 years and trade it for another with a cost of 30k or more for the pleasure.
No problem.
If they like the "return" it's their money, and they seem happy with the deal so it does not bother me, UNTIL......
Until they ask why I put money in cars that have shown little yield.
My "mistake" is easy for them to see, yet they see no mistake in what they are doing.
They provide all kinds of rationalization for what they do, but really miss the mark on what I do and why.
By the way.
My ZR-1 gives me immense pleasure!
I smile simply looking at it in the garage, sometimes even when it is covered.
My wife has found me more than once wandering around the garage just gazing at the cars with a drink and a big smile.
I can assure you she never finds me gazing with a big smile at my investment portfolio statements, even when they are doing well.
It just is not the same thing.

Others tell me I am a fool to own a house, that I should rent.
I am polite, but would not consider it for a minute.
For them it may be fine.
For me.
No way.

My cars are an investment.
They yield me quite a bit of pleasure and fun.
They let me associate with many cool folks who share my auto addiction, who also bring vibrancy to my life.

Regardless if my Z doubles, triples, or falls to nothing really does not matter much to me.
It won't be sold.
There could be more, and frankly all of the BS about "poor investment" makes me laugh.

If your car brings you misery, like some others here, then by all means sell the damn thing and do what makes you happy.
Life is short.
Enjoy yourself, other people and your toys, you are a fool if you don't.
A good Cabernet isn't bad either, nor a sunrise or sunset as often as you can work it in.

But please don't whine ( at least to me ) about the "value of a ZR-1"

If you are, you are likely missing the real value of the car.

Let's have 125 or more friends at Carlisle this year, and we can have a lively discussion of same. Maybe webcast it to the out of town friends.

Oh, and one more thing.
Most Corvettes, and many other marques do not see the rise in value before 25-or 30 years. They depreciate like all other cars for 20 or so years, gradually slowing, then flattening, and EVENTUALLY rising.
Stop looking so closely; step back and look at the bigger picture and maybe you will see it.
There is no reason why logic could support the ZR-1 behaving differently than all of the Corvettes before it.
But heck if it does, I don't really care!

See you in Carlisle in 2017!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
( with my poor investment )





Marty

Well said, Marty!

[32valvesftw]

Originally Posted by Fully Vetted

Well said, Marty!

X2

[Roadster]

Originally Posted by Fully Vetted

Well said, Marty!

I agree

Bought my Vettes over the last 41 years for pure driving enjoyment pleasure. 12 of the 14 I have owned have been my "dd" during that time, and even the ZR-1 for 7 weeks back in '15. Yes, in all kinds of weather, even "SNOW". Only 2 times I turned around from home due to icing conditions and took my wife's car.
As Marty mentioned, "life is short", so enjoy as much as you can you never know what lies ahead!!!
And I understand that "enjoyment" to me may not mean the same to another. And that is fine, but for me cars are meant to be driven, putting the big smile on your face.
One other thought, sure you can buy for investment, but then you limit yourself to use, to me that would be real tough to do, to just look and not drive....JMO