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#201
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#202
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Crap! I knew I should have waited before I bought my 71 Formula a few years ago..!!! Now I can get it for half price since they are worthless. Bob, I'll give you $500 for your worthless 2nd gen...its a good deal these days...according to Hagerty.
Dennis |
#203
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That's what the old guys said when the F-bodies first came out.....Only 1/2 of a frame...and plastic dash/interior.....They will NEVER be worth anything...
Last edited by Green Hornet; 01-04-2018 at 02:59 PM. |
#204
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#205
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Hagerty says: "At least in the near term, they appear to be about as valuable as they’re going to get".
Not quite "worthless".
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72 Bird |
#206
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Interesting......What do they have to say about 69 Camaro's and Chevelles?
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#207
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Like Formulas ?
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#208
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Just adding to your comment
Early Trans Ams weren't popular when new. The low production of the first few years wasn't because Pontiac only wanted to make a limited number. |
#209
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I tend to think Hagerty's predictions will be accurate for both the 2nd gen birds and the '04-'06 GTOs.
But my old cars are my hobby, not part of my retirement savings strategy. So I don't really care if they're not going to keep appreciating
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keith k 70 Trans Am RA III / T400 / Lucerne Blue / Bright Blue 70 Trans Am RA III / M20 / Lucerne Blue / Sandalwood 70 Formula RA III / M21 / Lucerne Blue / Bright Blue |
#210
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So, recapping...
71-72 TA value today? Lots of opinions... I saw a guy on Facebook fishing a 71 TA LB/4 speed low mile survivor. Lots of FB opinions on value...over 160 comments on that cars value. Anyone here have insight as values are now stable or falling....
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Mike/Illinois |
#211
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As with the entire market at the moment, I think there are fewer buyers so demand will fall and for those sellers who want their car to be the next one to sell, prices will fall.
There are far more buyers for a 20k car than there are for a 50k car. Above that you have to have a love for it to buy/restore. A REALLY nice loaded up 73 TA in very clean driver condition sold privately this week for 20k because the owner didn't have the time to work on it and complete the projects he had started on it. There are probably a lot of these cars out there just waiting for their owners to make that decision.
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Some guys they just give up living And start dying little by little, piece by piece, Some guys come home from work and wash up, And go racin' in the street. Bruce Springsteen - Racing In The Street - 1978 |
#212
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One thing for sure, legit survivor cars are a pretty hot item right now. If they are certified, well preserved, and score high in legends judging etc...they'll bring a premium, but you need the docs to back that up. Just putting something on ebay and saying it's a survivor won't get it done. Putting a value on anything is way too difficult to do with too many variables that come into play. It's what ever the market will bear at the time. Lots of private sales aren't documented so we mainly rely on auction houses. And even that is a roller coaster ride because the quality of the cars can change drastically. You really have to be there in person to inspect the cars, then keep tabs on their prices as they go across the block if you want any real perspective. You can have 2 identical cars that sell $40,000 apart from each other. From my experience that is usually due to things like, documentation, original drivetrain, quality of the work performed, etc... Because one thing is for certain, people will pay a high premium for a legit muscle car with docs, certifications, and restored correctly to a concour level. I haven't seen values falling lately, matter of fact, last couple years it seems they have been creeping up a bit. |
#213
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Yes, true, I hope they all tank so I can load up!
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#214
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yeah, he now says his wife told him to quit pumping the sale, she ordered that the car is NOT FOR SALE. Smart lady.
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#215
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Current Pontiacs - 1973 Formula SD455 - #'s auto orig paint 1972 Trans Am - 4 speed orig paint 1974 Formula 400 - Ram Air automatic 1966 2+2 convertible - 421 4bbl automatic 1967 Grand Prix - 4 speed orig paint 1967 GTO - 4 speed orig paint 35k orig miles |
#216
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I think the 04-06 GTOs were desired when new but many in that group we're not able to afford to buy one. The demographic that could afford a GTO at that time also had several other choices so sales were tough. It seems like the market has bottomed out and now values are creeping upwards for nice examples. Gen Xers like myself would likely be interested in low mile unmodified well cared for cars. Millennials would likely be interested in cars that have upgraded suspensions and hp increases. The dual demand is helping to keep prices stable at the moment. Even so, I would stop short of recommending that an investor aquire one in hopes of making a nice profit. I think it will be quite a while before the 04-06 GTOs enjoy premium collectible status, if ever. It would be a shame if these cars were hoarded up and locked away in a garage. If you have one, enjoy it.....they are great fun to drive. If you have never driven one...I would recommend a test drive. You might be pleasantly surprised. For those that aren't familiar... The 04 model has the 350 HP LS1 5.7 liter engine, smooth hood and dual exhaust on the same side of the car. There just wasn't enough time for Pontiac and Holden to design/build the hood scoops and modify the exhaust or time to Americanize the body styling. There was something called SAP, which is the Sport Appearance Package but it wasn't available until very late in the 04 model run or possibly early in the 05 year. It could be purchased as a complete kit or individual components....all dealer installed. The 05-06 had the upgraded LS2 engines with 400 HP, split dual exhaust, improved brakes and hood scoops. 18" wheels were also available and quite rare today. Currently the 05-06 models are more in demand vs the 04 for the reasons listed above. Cars with the SAP package are priced well above models without. In the future, the 04 models that might be interesting are any with blue interior or the cars with the Bobcat package. I really enjoy my 05 GTO but I am not saving it for the next guy. I drive it often and enjoy the heck out of it. As far as collectability goes....that is the next owner's problem. Sent from my XT1585 using Tapatalk |
#217
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#218
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Could you post a few more pics on your new purchase? Was it widely for sale (advertised) or purchased thru personal channels?
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1966 GTO Vert automatic. 1969 CR Judge Ram Air III 4sp Pattern Car. 1969 GTO standard 350HP TH-400. 2006 GTO Phantom Black 6spd. 1972 Formula 455HO Ram Air. 1976 LE Trans Am 50th Anniversary Edition with T top. 1976 Formula 350. 1977 Grand Prix Model J 350. 1978 Trans am 400 Pontiac. 1979 Trans am 403 Olds. 1968 Olds 442. 1971 TR6. |
#219
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I've said the same thing for years. I think if you are buying cars as an investment, you are a fool. I figure all my cars are worthless, as I don't plan on ever selling one. Someday they will have a value when I'm in the ground.
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#220
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Good info!
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"Those poor souls have made the fatal mistake of surrounding us. Now we can fire in any direction" 1970 Trans Am RAIII 4 speed 1971 Trans Am 5.3 LM7 1977 Trans Am W72 Y82 1987 Grand National |
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