Losing Value....:(
Losing Value....:( How do you guys feel about our cars continuously loosing value. I kno it happens right when they leave the lot but i kbb'd mine today and its only worth 8k. I just paid it off and my balance was 7k after 3 years of payments. Now i have a base t/a with no engine trans or rear that needs paint and isnt worth ****. Not that i was thinking i was sitting on a gold mine or trying to profit but damn. How do you guys feel about this with your cars? I was going to dump like 13k into mine but now im having second thoughts especially when numbered cars with less miles are going for less than i was going to put into mine.
I see it now that I am trying to sell mine 
I'm just glad I don't HAVE to or else I'd be taking a huge hit. But lower mile stock or light mod cars will still sell. Alot of them are in the 100K+ mile club now.
I'm just glad I don't HAVE to or else I'd be taking a huge hit. But lower mile stock or light mod cars will still sell. Alot of them are in the 100K+ mile club now. 
TECH Apprentice
Joined: Feb 2006
Posts: 392
Likes: 0
From: Canada
cars always lose value, its the way it is. put as much or as little money into it as you want, you are never goign to get it back so you might as well drive it til the wheels fall off.
its a toy - play with it.
its a toy - play with it.
Trending Topics
LS1 Tech Stories
The Best V8 Stories One Small Block at Time
6 Common C5 Corvette Failures and What's Involved In Repairing Them
Pouria Savadkouei
Retro Modern Bandit Pontiac Trans AM Comes With Burt Reynolds' Autograph
Verdad Gallardo
Top 10 Greatest Cadillac V Series Performance Models Ever, Ranked
Pouria Savadkouei
Top 10 Most Powerful Chevy Trucks Ever Made!
Hennessey's New Supercharged Silverado ZR2 Has 700 HP
Verdad Gallardo
Coachbuilt N2A Anteros Is an LS2-Powered C6 Corvette In Italian Clothes
Verdad Gallardo
Awesome K5 Blazer Restomod Comes With C7 Corvette Power
Verdad Gallardo
10 Camaros You Should Never Buy
10 LS Engine Myths That Refuse to Die
Verdad Gallardo
On The Tree
Joined: Jun 2007
Posts: 181
Likes: 0
From: 29 Palms, CA&Lebanon, IN
How do you guys feel about our cars continuously loosing value. I kno it happens right when they leave the lot but i kbb'd mine today and its only worth 8k. I just paid it off and my balance was 7k after 3 years of payments. Now i have a base t/a with no engine trans or rear that needs paint and isnt worth ****. Not that i was thinking i was sitting on a gold mine or trying to profit but damn. How do you guys feel about this with your cars? I was going to dump like 13k into mine but now im having second thoughts especially when numbered cars with less miles are going for less than i was going to put into mine.
i'm sure you already know this but a newer car is not an investment. it all depends on what you want. do you want a bone stock low mileage car to never drive and store in a garage and hope that it accumulates value in 30 years or a car that gets driven and you enjoy driving it. i've got $20k+ in my car i don't give a damn how much its worth because i don't intend on selling it. every time i drive it its worth every penny to me. my only regret about spending that all that money is i didn't get a engine built for boost.
surely your kno kbb price was for stock configuration. I just meant im in the middle of a drivetrain swap. i was thinking of going built 347 for a maggie and a 9". T56 is on its way but i will be spending like 14k ish and that could buy me a lower miles newer ws6 with perfect paint lol. Thats why i feel like i got hit by a brick. I do stick to the rule of only tearing apart base cars though. I would never do what i am to a ws6 or firehawk. I just wish i had decent paint like some guys dont even have to try for. I have a problem with the clear so theres a ton of white spots from wax all over the car. Sucks bad 
. I think i will be happy when shes back on the road problem free.
. I think i will be happy when shes back on the road problem free. 
TECH Junkie
Joined: Aug 2006
Posts: 3,915
Likes: 676
From: Western North Carolina
The key to losing $$$ on any car is how long you keep it. Spend $20,000 on a low miles beauty or having $20,000 in your own 'built' car is ultra cheap if you keep it 10 years. Keeping a $20,000 F-body for 10 years is a lousy $2,000 per year provided you get ZERO back when you are ready to sell. What on this planet can give you such enjoyment and transportation for less than $200 a month?? (I know gas and maintenenace are not included but every car falls in this category). Now if you buy and sell cars every couple years you are going to take a hit. Everyone's situation is different but many owners will get some $$$ back when the car sells making the yearly loss even less. Compared to all forms of required payments like insurance, utilites, etc.. owning a nice car is a pittance. Build your car and enjoy it unless you are planning on selling real quick, but even then, I would still do it instead of driving an 'appliance' like a consumer mag would have everyone drive. Don't be discouraged.
Last edited by NC01TA; Jun 29, 2008 at 07:36 AM. Reason: grammar
Teching In
Joined: Oct 2007
Posts: 42
Likes: 0
Oddly enough, the value of f-bodies around here is appreciating! I have a '02 WS6 and a '00 Firebird.....I'm thinking about selling the Firebird in the near future so I have been researching what it's worth....the KBB price (and other sites like Edmunds, etc.) is higher now, a couple years later and with 10K+ more miles on it, than the KBB price when I first purchased it...although I'm sure that it'll quickly fall if gas keeps going up.....
but i think the v6s may hold the "drop off" years if you will because their demand for daily use is still there. Where as the less practical suffer. and when your already near the bottom its harder to drop much further. just my thought on that...
Teching In
Joined: Oct 2007
Posts: 42
Likes: 0
That's very true....it's weird though; my '02 WS6 gets about the same mpg as my '00 Firebird gets....I keep maintenance up on both of them, yet they are both very close....and neither are what I consider fuel efficient lmao! But if people want to buy the V6s (using mpg during daily use as a major factor) vs. the V8s, they will be sorely dissappointed....
I bought mine rather cheap and could make a little or break even if I sold it today, even with a few bolt-ons and 6,000 more miles than when I originally got it. When it's paid off in 2 1/2 more years, might not be the case...
I like my Camaro and intend on keeping it around. I know it'll be worth little to nothing someday, but you have to look at it another way. The cheaper these things get, the more we save and can put towards modifying them. It's like still being able to snag a nice 5.0 or LT1 for less than $5,000, although nice Foxbodies are starting to appreciate. I think these cars are the Foxbodies of the new generation, and nice examples will always catch a good dollar.
I like my Camaro and intend on keeping it around. I know it'll be worth little to nothing someday, but you have to look at it another way. The cheaper these things get, the more we save and can put towards modifying them. It's like still being able to snag a nice 5.0 or LT1 for less than $5,000, although nice Foxbodies are starting to appreciate. I think these cars are the Foxbodies of the new generation, and nice examples will always catch a good dollar.
TECH Enthusiast
Joined: Nov 2001
Posts: 720
Likes: 1
From: THE BANDIT'S LAIR in Louisiana
What?!
Nope, I just checked PBB (Paul Blue Book) and my car is right where it should be for valued worth...
...PRICELESS!
Cause it is not an option to sell my car...EVER!
When I die I'll make plans to have it donated to an automotive museum or something like that.
Nope, I just checked PBB (Paul Blue Book) and my car is right where it should be for valued worth...
...PRICELESS!
Cause it is not an option to sell my car...EVER!
When I die I'll make plans to have it donated to an automotive museum or something like that.
On The Tree
Joined: Jun 2007
Posts: 177
Likes: 0
Personally, I plan on giving my W to my kids one day and I don't have any kids! I think it would be damn awesome to have a son and one day watch him light the tires up on my TA! Better yet, watch my daughter do it!