I'm curious to know why we are all constantly trying to de value our own cars? I have wanted a Viper since 92 when a local business owner brought one to our shop, and finally about 2 1/2 years ago I got to buy my first one.95 last 300. I have absolutely loved it and been addicted ever since!! Last Nov. I purchased my first GTS added a ROE s/c and absolutely love it too! My point is simply this...... What other car demands the attention, has the tuneability,rare production numbers,exotic looks,yada yada yada????
Why is it that so many people that own these cars want them to always be cheaper??? I don't need a bunch of smarta$$ answers just some viable input as to why?? THERE IS NO OTHER CAR with the performance potential or public approval anywhere near the Vipers price range. exc. maybe the Supras but the general public still doesn't look at the Sup as exotic. I personally think we should all want the prices to stay the same or maybe even....gasp......rise? The enthusiats that own these cars control the market of what they're worth. Again I bring up the Supra, look at how much these cars sell for with low miles.... why? supply and demand. If people think the price is too high no prob. someone else won't! That's enuff of my rant
Because most people are 'buyers' and not 'sellers' that are trying to de-value the car. Think about it, many people want a Viper, but most don't have one. Supply and demand, like you said. Therefore, people come onto these boards quoting prices from EBAY or Autotrader etc... Sometimes these cars don't even exist. Basically, trying to de-value the car. Also, many Vipers that people quote prices on are not very nice cars, and once someone actually takes a look at them the truth is revealed. In reality, the market value on Gen I and Gen II has INCREASED over the past 2 years. And I don't see this trend ending. That's not to say deals can't be found, but that's true for any car. But I do agree, it is one of the best values out there and they could be priced higher. My jaw drops at the prices the old muscle cars command, and wonder what a Viper will be worth in 15-20 years. For over 10 years it was the ultimate muscle/exotic supercar made in the USA. And 20 years from now there won't be many left.
Because most people are 'buyers' and not 'sellers' that are trying to de-value the car. Think about it, many people want a Viper, but most don't have one. Supply and demand, like you said. Therefore, people come onto these boards quoting prices from EBAY or Autotrader etc... Sometimes these cars don't even exist. Basically, trying to de-value the car. Also, many Vipers that people quote prices on are not very nice cars, and once someone actually takes a look at them the truth is revealed. In reality, the market value on Gen I and Gen II has INCREASED over the past 2 years. And I don't see this trend ending. That's not to say deals can't be found, but that's true for any car. But I do agree, it is one of the best values out there and they could be priced higher. My jaw drops at the prices the old muscle cars command, and wonder what a Viper will be worth in 15-20 years. For over 10 years it was the ultimate muscle/exotic supercar made in the USA. And 20 years from now there won't be many left.
The enthusiats that own these cars control the market of what they're worth...
Thanks guys for the sensible comments Hopefully some of the nay sayers will comprehend the logic
That's far from logical.
It's basic economics... as hard as you may try, you and a handful of enthusiats are not going to artificially inflate prices. The buyer will just consume other options (other Vipers or even another make of car) which they see better value in. You may 'want' prices to stay high or even increase, but you have no control over it given the huge inventory of Vipers.
It's the buyers who control the market, not the sellers... this applies to cars, houses, etc.
Because most people are 'buyers' and not 'sellers' that are trying to de-value the car. Think about it, many people want a Viper, but most don't have one. Supply and demand, like you said. Therefore, people come onto these boards quoting prices from EBAY or Autotrader etc... Sometimes these cars don't even exist. Basically, trying to de-value the car. Also, many Vipers that people quote prices on are not very nice cars, and once someone actually takes a look at them the truth is revealed. In reality, the market value on Gen I and Gen II has INCREASED over the past 2 years. And I don't see this trend ending. That's not to say deals can't be found, but that's true for any car. But I do agree, it is one of the best values out there and they could be priced higher. My jaw drops at the prices the old muscle cars command, and wonder what a Viper will be worth in 15-20 years. For over 10 years it was the ultimate muscle/exotic supercar made in the USA. And 20 years from now there won't be many left.
It's basic economics... as hard as you may try, you and a handful of enthusiats are not going to artificially inflate prices. The buyer will just consume other options (other Vipers or even another make of car) which they see better value in. You may 'want' prices to stay high or even increase, but you have no control over it given the huge inventory of Vipers.
It's the buyers who control the market, not the sellers... this applies to cars, houses, etc.
Huge inventory???? compared to what??? An enzo?!!?!?!
I think it has more to do with the economy than the car...at least that is what it seems. I know guys who were going to spring for some toys, but because of the higher interest rates they have balked at doing anything. I know of a dealer who just sold a 2002 RT/10 with 1700 miles for $60K...I got lucky and picked up mine for less than $50K with 2300 miles. The owner of my car wanted it gone, so he priced it to sell.
Well, maybe I can help.
I am selling my convertible corvette and am competing against about 10,000 other C5's. The reason I am selling is that I bought a 99 GTS (black/silver) with Connelly. I looked forever to find the right color combination (they only made 26) and get a price I felt comfortable with. Since I was limited, I had to pay for the priviledge. I did not feel like it was a buyers market (me) because I couldn't "haggle" over 50 different cars and do what I wanted. So, I think that the value of nice "street" Vipers (non-tracked/wrecked/salvaged) will steady as the numbers of them decrease over time and buyers stay relatively constant.
Remember, it is a true domestic exotic that is hand made and special. Buyers know this, and the market will continue to show it...
im all for keeping viper prices up. however high mileage beaters will continue to reap a lower price than what a viper owner would like to see. if you want to keep your viper value up leave it in the garage.
Well, maybe I can help.
I am selling my convertible corvette and am competing against about 10,000 other C5's. The reason I am selling is that I bought a 99 GTS (black/silver) with Connelly. I looked forever to find the right color combination (they only made 26) and get a price I felt comfortable with. Since I was limited, I had to pay for the priviledge. I did not feel like it was a buyers market (me) because I couldn't "haggle" over 50 different cars and do what I wanted. So, I think that the value of nice "street" Vipers (non-tracked/wrecked/salvaged) will steady as the numbers of them decrease over time and buyers stay relatively constant.
Remember, it is a true domestic exotic that is hand made and special. Buyers know this, and the market will continue to show it...
My car 1998 red gts with 14k on it
What is the year model of the c5 vette you are selling and how much I know a dealer who might buy it
What is the year model of the c5 vette you are selling and how much I know a dealer who might buy it
I am sking $22,800 for it. It is a red 1999 Vert, 6 speed all options.
418 Stroker motor with 482HP/487TQ. Probably not the best car for a dealer to look at, as it is modified, but thanks for asking...
It's basic economics... as hard as you may try, you and a handful of enthusiats are not going to artificially inflate prices. The buyer will just consume other options (other Vipers or even another make of car) which they see better value in. You may 'want' prices to stay high or even increase, but you have no control over it given the huge inventory of Vipers.
It's the buyers who control the market, not the sellers... this applies to cars, houses, etc.
As one of my earlier posts stated.....I'm not trying to inflate any prices, just simply maintain what the car is truly worth, not let a bunch of crybaby buyers say oh it's not worth that! Like I said let them buy something else comparable for so cheap....oh wait there is nothing! and check out production numbers (for what it's worth they're pretty low relatively speaking
The B/W's will hold their value, but the silver, red, and possibly they black 97-99 GTS's are going to settle in this 40K area.
I knew we couldn't get thru this post without a couple links BTW, the first link is dead, but I'm sure the price was cheap.
In any case, we can only go by the average. You always have the low ball ads in Autotrader/EBAY, then on the other side Dupont Registry asking 60K for a solid Red 20K GTS. But as I stated, the average asking price has climbed the past 2 years.
As far as which color hold its value best, that's a tough one. I think that depends a lot on which color is hot at the time, but limited production colors will tend to do better IMO. What's ironic is there are more Blue/Whites (over 2,000)(Red is second) than any other color in the GTS, but people do like this combination. Low mileage ones do tend to get top dollor, mainly because this was the first color produced in the GTS. But other than extremely low mileage cars, I don't think the blue/whites command a higher price than other colors.
I am lucky enough to have 1 of 42 (silver/blue) GTS. And the color combo is stunning if I don't say so.... I suspect this will only help the value when I sell, at least I hope so. I must say, it is nice to go to a Viper event and be the only silver/blue. In all the Viper events I have been to over 4-5 years, I have only seen one other silver/blue.
One other reason I think prices have climbed a bit. The aftermarket has really opened up for the Viper. If you want the ultimate street car, I can think of no better platform. And the prices have come down drastically in the aftermarket. A Viper + $20,000 can get you a 1000 RWHP daily driver. Up it to $30K+ and the sky's the limit. So for well under 100 g's you can have the ultimate street car that is very reliable/stout and looks exotic/jaw dropping. Can't think of another car that can claim this..... If they can make the power, they don't have the looks. If they have the looks, can't be done under 100 g's. And then toss in the reliability factor and most are out the window immediately.
Hopefully some of the nay sayers will comprehend the logic
I suspect this will only help the value when I sell, at least I hope so. I must say, it is nice to go to a Viper event and be the only silver/blue. In all the Viper events I have been to over 4-5 years, I have only seen one other silver/blue.
