1998 SS 1le
thanks in advance,
ken
First off, let me say that the OP has a very interesting car. The optional content does make it pretty special. I'm assuming this car is an M6 transmission? However, I largely agree with Bandits96ss's post above. Hagerty's valuation is way on the high side IMO.
What were the specs on that 2002 SS 1LE that was mentioned as being sold for $32k? To reach that sort of price I have to imagine that it didn't have much more than delivery mileage. Was it also loaded with other desirable SLP content? That price would suggest a model that's at the peak of desirability in every facet.
Only the most outstanding and desirably special LS1 Camaros in the world have any hope of selling for prices near/at/above $30k at this point. Last year we saw a 7k mile '98 SS M6 sell for $15k in extremely excellent condition (albeit with a couple of modifications.) We've also recently seen an '02 SS M6 with 4k miles in original (apparent/possible #1 car) condition, with a host of SLP/Y2Y content (including the desirable 345hp package), list for as little as $18.9k at a dealer in the last ~18 months. While the OP's car is obviously quite rare the mileage is not ultra low, therefore excluding it from being in #1 condition, so I think that will put a damper on price. The early LS1 SS cars are generally not as desirable as the '01/'02 cars (especially an '02 with the 345hp package, LE 35th, etc.), so while this example does have some specific rarity in its favor (1LE, 73B), I don't think it's going to break any records or hit that Hagerty range at 26k miles. With significantly lower miles, it might be a different story.
Having said all that, on a personal level I find the OP's car very cool. I've always wished my silver '98 had been optioned with the red accent interior; I've only ever seen two of these in person, one was Arctic White and the other was Black. I've always known it was also optional on silver, but I've never crossed paths with one.
On Ebay two years a pair of 2002 Firehawk M6 1LE's with 5K-9K miles sold in the $23K-$24K range Those also are far more desirable than a '98 SS with 20,000 extra miles.
A 1998 M6 SS with 26K miles is normally a $10K-$12K car. Don't see how a 1LE option could add more than around $5K to the car. I often figure out the value of options by taking 50% of the factory option pricing. In this case, taking 100% of the factory option price wouldn't get you past $17K. I know that 2001/2002 SS M6's with 5K-12K miles have sold in the $15K-$17K range.
For valuation purposes $15K-$20K....depending on time of year and what buyers are looking. My best guess would be $15K-$17K and that's still potentially strong money.
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most of us would just laugh inside at that price $32k (sorry if they truth hurts) bc we would just buy a stripper car in good condition for like $6k and anther $1k in a SS hood/wing and painting and some better susp. and basically have the same dam thing for 1/4 of the price. plus most of us dont like to keep anything stock so buying something like that would be a waste of money.
in reality you will more or less MAYBE fine someone to give you $15k and if you do, take it and run. it being a 1998 really hurts its value and im sure many well say this and that but remember talk is cheap. tell them to fork over the cash if what they say holds water.
me personalty i wouldn't touch it for even $8k but thats just my opinion. the only thing thats cool about this car to me is its being a no opt car like my 1SC is since i prefer fbodys setup like that. other wise nothing id go crazy over.
but none of this is nor here or there. its just one's opinion. any and every car is only worth what someone is willing to pay for it. one might see it being worth $5k and anther person might see it being worth $10k.
Last edited by Blackbird-WS6; May 22, 2018 at 06:45 PM.
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I'd happily pay and have no qualms about owning the 1998-2000 yrs. In fact, the 1998's are hard to run across. Go try and find one as you trip over the dozens of later model years available. And if made pre-April/May 1998 will come without the problematic bubbling roof. That's a huge plus if you like to park your car in the sun on nice days and not have to worry about your paint bubbling up while you're not watching. In my own case, I'd prefer the 1998 over a 2002, save $2K or so in the process, and have a sail panel or full hardtop that won't bubble up. Also, no power windows or power antennae to fail. Power seats?
There are plenty of buyers out there who will go crazy over your car, low options, 1998, and everything else. Nice car. Thanks for bringing it by here to discuss. If you gave me the option between a Hugger Orange 1999 that is nothing special but a color, and a 1998 ILE one of 3 "performance cars," I'd take the 1LE all day long. Factory performance rarity over cosmetic scarcity. The factory made your SS like that....not done in someone's garage....lol. That's an important difference. Sure, anyone can shoehorn a performance engine in a 1998 Camaro factory V6...and create an SS or Z28 clone. Doesn't mean it's the same. There's something to be said for owning factory rare performance.
I like the notion of owning a 1998 that won't have as many power options to break...such as power windows and the like. Would be much like being back in my 1969 SuperBee which I miss. Power options (other than PS and PDB) are over-rated for fun performance cars. Silver with red cloth interior? Cool.
I could see a blue 2002 SS 1LE selling for $32,000....though only if under 1,000 miles and ideally still on the MSO. Aren't the post '98/'99 1LE's sort of clones of the "real thing?"
Previous thread on topic of 1998 Camaro 1LE's
Last edited by Firebrian; May 23, 2018 at 10:49 AM.
Cheers,
Kenny
Most folks would rather have at least an '00 (for the Ebony interior) or, more preferably, an '01+ for the various minor performance enhancements included in such. But, it's true that the later "1LE" cars weren't exactly the same thing as this became SLP/Y2Y content rather than a GM assembly line creation. So, from that angle, a certain type of collector might actually value a '98/'99 1LE car higher than an otherwise comparable later model which simply had the SLP/1LE suspension package. However, ultimately, this car still has 26k miles and isn't going to be as valuable to most collectors as a much lower mileage, last year SS car with a ton of SLP options (therefore excluding it from the highest tier of pricing).
I certainly wouldn't hold out hope for a sale of $20k+, and that Hagerty range is definitely misleading IMO. The thing about Hagerty's value estimations is that they include asking price data in the matrix (I've read this previously on their site, I assume it's still true), which can really skew the numbers. I think this is why they always tend to be on the high side, especially with the later model cars where a lot of dreamers are hoping to turn them into classics and listing them high. The availability of nice 4th gens is still sufficient enough that the dreamers aren't able to force these higher prices on the general market since there are still better deals to be found.
However, expecting more than $20k for the car is unreasonable IMO, although there is without a doubt a few people out there who are searching for this exact car and will pay beyond that.
As an example, a 2001 GMMG DEI Camaro with a signed dash and under 1K miles was recently sold for $26k. Documentation from day one, etc.
The cars just haven't aged enough with enough interest to get the prices up. YET.
Last edited by Firebrian; May 23, 2018 at 11:27 AM.
Next time up this way, if you are physically able, I'd enjoy meeting up with you. If you can't drive very far anymore, i wish you the best with everything.
Last edited by Firebrian; May 23, 2018 at 07:27 PM.












