I saw this the other day. I wonder how long it will be before the Viper increases in value
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I had a '66 Lincoln in turquoise with suicide doors ( loved them). But itwas.a sedan and wasn't really worth much.
I own the top two but don't think I will live long enough to see these being collectibles.
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I remember the exact time [ the 96 B/W GTS debut ] when the Mercedes Gullwing's price plumetted to around 300K from its previous glory of reaching million dollars at auctions.I don't think their value is back up to a mil yet ,but doubt it.Some specialty cars still holding their values regardless of economy . I'd never buy a car for investment purposes . One of my collector car I restored was a 64 Lincoln that I practically gave away to a friend rather than let someone else steal it .They were going for a lowly $4-5000 for standard models , 25K for verts. It was only worth a fraction of the convertible model [ the price difference in option when new was only $300 ] No one knows if only the ACR , GTS-R models will be collectible
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I hate to be a party pooper but I just don't see the Viper being ultra collectable in 20 years from now. It might hold its value or increase in dollars on par with inflation but I'm not expecting mine to be worth a fortune. There is just too many Vipers out there. Yeah, per year was only about 1500 units, but they have been in production since 1992. Now, I'm not trying to stir the *** but to be honest I don't think the fact that Viper is continuing production for 2013 helps. The fact that older muscle cars in great condition are selling for huge numbers is because back then nobody had any idea that these cars were going to be valued so highly and therefore most were scrapped. Most guys back then didn't have climate controlled garages and most only had one car to drive and that muscle car WAS the daily driver and sat outside day and night, winter, sun and rain. So the remaining salvagable survivors were worth money. Not to mention the baby boomers who have paid large dollars for these cars were blessed with a double dose of Benjamin windfalls. #1 is their very comfortable pensions that I believe will be a thing of the past - its just not sustainable to pay somebody just as much or more in their retirement years between ages 55 to 90 then they made during their working years. #2 is the large inheritances that the boomers are receiving because their parents squirreled away every penny and didn't spend it on anything for themselves. Todays generation is frivously spending their money on disposable items from China and Walmart and will be lucky to retire with no debts. And depending on how soon we run out of oil.... you got to understand that rising nations like India and China are consuming more oil than we thought would ever be possible. Our 50 year reserves might not last 20, and given that, gasoline combustion cars might only be worth their weight in scrap at the wrecking yard.
Regards;
THE DEVILS ADVOCATE