Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
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#1
02-01-2004, 12:57 AM
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Re: 70 LS6
Exactly, seems as though we have strayed away from the original questions about this Astro Blue LS6 at the start of this thread and what these cars go for. Regardless if you prefer COPO's or the LS6, recent trends would indicate this dealer is packing about $30-50 grand over what this car is worth. I would say $85,000 to $100,000 would be a decent range.
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Jim 
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#2
02-01-2004, 02:53 PM
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Re: 70 LS6
We've moved from the quality and veracity discussion of the blue LS6 to "musclecars as an investment." I grew up wanting a Chevelle, and that's why I own an LS6 now. Everybody pretty much ends up trying to buy the car that "hits them" in a certain way. At least that's what the HOBBYISTS do....speculators will buy whatever the consensus says is the "fastest rising value" car available. I like the advise that I heard quite a bit when I got into buying musclecars: "Buy what you like; if it goes up in value you will enjoy it and it will continue to be more valuable. If it doesn't go up in value, you will still be proud of it and enjoy it."
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#3
02-01-2004, 04:50 PM
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Re: 70 LS6
Well put...
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#5
02-01-2004, 08:07 PM
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Re: 70 LS6
[ QUOTE ]
Yup, if you don't enjoy your car, why have it! [/ QUOTE ] That seems like a simple and logical question, Jeff, but I feel pretty strongly that many folks in the "hobby" are not in fact in the hobby, but looking for a refuge from their poor performing stock portfolios. To them, making a quick buck is what this hobby is all about.
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#6
02-01-2004, 09:42 PM
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Re: 70 LS6
No doubt about that. I bought my JL8 car because I wanted to have something different that if I had to sell it would hold more value than most Camaros. My 401K isn't exactly performing very well either.
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69 Z28 JL8, #'s match - being restored
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#7
02-02-2004, 04:28 AM
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Re: 70 LS6
[ QUOTE ]
No doubt about that. I bought my JL8 car because I wanted to have something different that if I had to sell it would hold more value than most Camaros. My 401K isn't exactly performing very well either. [/ QUOTE ] You actually might want to check your most recent 401K statement; mine has started bouncing back again  Seriously though, there are a lot of people now in the hobby that NEVER drive their cars, nor do they ever intend to. They are buying whatever the market says will increase in value the fastest. It's always been a nice side benefit of this hobby to expect some appreciation in the car's value, but that shouldn't be the only reason to buy a classic car.
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