I decided to put my 92 z28 up on ebay. Moderators, could you please leave this post up for 3 days since the classifieds are still down.

Here is the ebay link:

http://cgi.ebay.com/ebaymotors/aw-cg...tem=1807646259

Any questions email me at mlduarte@earthlink.net or call me at (512)252-0641

Manny

That price is too high IMO. You can get later 80s vettes in great condition for that price. Hope ya get lucky Just my .02

$10,500?!! whatever you're smoking pal it's some good stuff. That's alot of money IMO for that car. I've got an 87 IROC in very similar condition with similar miles and I'd feel like a jacka$$ asking $7k for my car. Heritage edition or not like said previously you could get a mint late 80's vette for that much.

Why are you selling? You just bought it. And what did YOU pay for it?

Willie

Actually,

That is the buy it now price. My reserve is at 10k but I will probably sell it to the highest bidder. I know it will probably end between $8000 and $8500.

My wife says I need to get $10k but I told her unless the person that is looking for this exact camaro and has the cash to pay $10k, it is not going to happen.

I know a dealer will only give me about $5500 for trade which in that case I will keep it.

You never know on ebay. I sold a 81 z28 with a blown engine and slight hail damage for $2700 last May.

Maybe I will get lucky!!! We will wait and see.

Manny

Willie,

I paid $8k for last June. I am selling because I am getting the new car blues.

I have been looking at the new SS's and wife said if I sell my 92, I can get the 02 SS.

If I do not get close to what I want, I will keep the 92.

I know the car is probably worth between $8000 to $8500 but wife said to get $10k. I told here it will be tough but you never know on ebay.

Manny

Thanks for the info Manny.

I wish you luck but also hope that you don't sell it. Let me explain. Any new car is the absolute worst "investment" you can make. That piece of metal (and plastic) will depreciate like a rock; 27 percent when you drive it out of the dealership and will be worth ~50 percent within three years. And I don't really care if it's the last Camaro to be built and/or if it's an "anniversary" car. All new cars will depreciate initially. Of course, if you buy it new and don't use it, you will recooperate your money in about 10 years (or longer). To me, even that's not an investment. It's like loaning a family member $25k for an indefinite period with no interest hoping that you'll get it back.

Conversely, your '92 has already seen the worst of depreciation and will hold it's value quite nicely over the coming years. If I were you, I'd keep it (as I plan on keeping my 1987 anniversary Z28 convertible) indefinitely. It's called a "bathtub" curve. Initially, all new cars depreciate very quickly. Then it flattens out. If it's a collectible (as your '92 is), it will eventually begin to appreciate.

I myself have not bought a new car since 1989 and will never do so again. If I got the "new car itch", I'd sit on it for about three years, then buy it for about 50 percent of it's original value. That's about the time when the depreciation curve tends to flatten somewhat.

Good luck in whatever you decide. Finding the "right" buyer is like finding a needle in a haystack. However if you keep at it, it should eventually happen. Patience is the key.

Willie

Willie,

Thanks alot for the info. I really appreciate it.

The reason I got the new car itch is that I have never bought a new car ever. I have owned 4 camaros and all used.

Chances are slim I will not get what I want so I will keep the 92.

We will wait and see.

As for the new car depreciation, it is so true, most cars that will have any future value will bottom out at about 5 years and slowly appreciate.

Thanks!!!

The wait is on!!!

Manny

damn im glad im not married!!! im keeping my 3rd gen!!!! lol!! good luck selling it brah.

:sillylol:

You have a sweeeet car but i really dont see you getting 10k, if i had 8 to spare i wouldnt buy it. btw my dads coworker has an 02 SS, he put on a catback and k&n fipk. he's already running 12.8's

Manny, I remember back when you were searching for that anniversary Z28 and how euphoric you were when you found it and bought it (I would be too). You do own a somewhat rare collectible Camaro.

The reason I got the new car itch is that I have never bought a new car ever. I have owned 4 camaros and all used.

Well, I know how you're feeling. When I was younger (26), I bought my first NEW car. One year later, I bought another one, then another, then another. All the meanwhile, I couldn't quite figure out why my car payments kept creeping up with every new car I bought and how each successive new car had a retail price LESS than my previous new car. That's when I decided to find out what was going on.

Without going into specifics, buying new cars is an awful "investment". I found out the hard way. Today, I don't get that "new car itch" anymore. Last week I saw a brand spanking new Red '02 Anniversary Edition SS in my work parking lot. Granted, as nice as that car looked, all I could say to myself was, "hehe, I'll buy it off that guy in three/four years for $15k."

Hang in there. Keep your '92!!! You won't regret it.

Willie

btw my dads coworker has an 02 SS, he put on a catback and k&n fipk. he's already running 12.8's

Yes, those LS1's have a lot of potential. But keep in mind how much he had to pay to get it in the first place. I would much rather buy an older car, spend some major bucks and make it go even faster than these new, technologically superior cars of today. BTW, I think I've done exactly this!! 12.05 with a daily-driven, emissions-legal 305? No way you say? I say look in my garage!! And for a LOT less than a new SS.

Willie

What if I own a dealership and keep the car in a gaint glass box inside the dealership?? Say for 30 years?

Good advice from some respectable people here Manny. I'd keep it also at all costs and seeing the auction is at only 3600, more reason to hang on to it. I have friend who bought a 01SS vert last year and was paying over 400 dollars each month. His wife loved the car so much, she wanted one...tack on another car payment of over 450 per month. The first one now has 20K on the odometer and he's come to realize that he'll be carrying over the payments when the 5thgens come out in a few years. He figures he's lost a third of the value of the car in less than a year and a half and regrets driving the hell out of it. You have a car that is and will always be a collectible car...keep it.

No doubt Willie, i'd have to sell a kidney to buy my dads friends car and the stripes on the thing are Fugly, but the black bumper on the special TA is worse. btw wanna enlighten me how you got your 305 to run a 12.05.. i was gonna get a 350 but if i can pull a 12 i'll keep my lg4

We've all seen those car commercials that sound very enticing, the ones that say zero down, zero payments until 2003... it sounds soooo good. In all reality, it doesn't get much worse (financially). I'll explain.

First, look at the value of the car. It plummets 28 percent within the first week. Then it continues to depreciate. Let's say for arguments sake, the car costs $25k. Three years later, it's only worth $13k.

Now let's look at this from a financial point of view. You buy the car for $26k (don't forget about taxes, licencing, etc.), put zero down (or very little) and finance the rest for a minimum of five years (at least). Keep in mind you're making no payments for months. In other words, your balance remains the same, at best. Most of these "no payments until ...." actually add interest during the time that payments are not being made. So your balance actually gets higher!!

At the same time, that "new" car is depreciating like a rock. So now, 2003 rolls around and you've go to start making payments. At this point, the car is only worth ~75 percent of it's original value, about $18,750 but the balance on your car loan is still at $25 (or even higher)!!! Most of the interest on the car loan is all up front (as in any loan), so the principle drops very slowly for the first couple of years. This means you'll be "upside-down" for years -- you will owe much more than the value of the car. What does this mean? It means you will not be able to sell the car until you've reached the break even point, unless you're willing to pay the difference between your balance and what the car is worth. Typically, the break even point does not occur until at least three years. So you're stuck with those extremely high car payments for that time frame. This is the very reason why I won't buy a new car.

So when considering such a purchase, you really need to dig very deeply and ask yourself, "Do I really NEED this car?" Then ask yourself, "Or do I just WANT this car? You need to be honest with yourself. I think you know what the answers are. New car buying is more a WANT, than a NEED. And those salespeople will prey on your desires, not your needs.

Also, how much more will it cost to insure that new baby of yours? Compare it to an "older" car. I won't even go here. We all know the answer.

Anyone who wants to see my list of mods, please e-mail me. It's way to extensive to list here. Needless to say, I put major bucks into my car.

Willie

thats a great looking car... i personally wouldnt pay that much for it but hey.. maybe you will get lucky. I ot another question how come almost every third gen i see (especially 92's) have that nasty red color interior?! i would love a leather interior but i really cant stand red interior.

Well, it looks like the 92 might be sold. The high bidder offered me $9500 last night and I said I will think about it.

I told him I wanted $10k (I know I am getting a little greedy here) and he said he would let me know.

I think he will offer $9750 today and I have to decide if I will accept that.

He really wants the car.

It is a tough decision.

Any other help would be appreciated.

Manny

Manny:

It's more my style to say keep the Z28, but if someone even offers you anything remotely close to 10k, go for it if you want.

However, I think you're making a mistake. New cars don't hold value worth a damn.

I'll give you an example. I was at a Dodge dealership last week, they had an 01 Silverado 2500 hd 4x4 for sale. Duramax diesel, auto, 2300 miles. This truck probably sold for 35-36 k new. They were asking 27k for it, and couldn't move it off the lot.

I decided to pass on the new car and if I do sell, probably get either an old low mileage vette or a first gen restored camaro.

I decided after everybody's comments this past weekend that I will avoid the new car. If I want a 02 camaro, I will wait 3-5 years to get one for $15k or less.

There will be quite a few low mileage 02 camaro's for sale in 3-5 years for about 1/2 the msrp price.

Thanks for the info guys. Now I must decide whether to keep the 92 or not.

Wife says yes sell it one day and the next day to keep it. She is driven me nuts.

Only time will tell.

Manny

Women, can't live with em, can't live without em....

You know where we stand at least

Dude,you make the decision.Don't be forced to do something that you'll regret.By the time the 3-4years rolls around you will probably be in a better financial situation.You will still have the '92 and an opportunity to buy a 5thgen when it comes out.

Well, the camaro is sold. I was offered $10k for it.

I have mixed emotions; I am happy I got what I wanted but a little sad to see it go.

I know one of these days I will get another 3rd gen. It will be awhile but it has been fun here.

I will always pop in and give my $.02 worth.

Thanks for all the advice!!!

Manny

Former owner of a 92 z28 Heritage Edition

-Roshambo

Dont't listen to the guys telling you the car isnt worth 10K. A 92 Camaro with 50K miles and in MINT condition is definetly worth 10 grand ! And obviously someone paid that much for it... because it was WORTH it. You guys are just envious your beat up RS's and IROC's can never look that good. LOL

Yeah, what he said...and blackened, I hope you weren't serious with that last part of your statement.

Good luck with your next car Manny, whatever it will be, and stop back often

No I wasn't... I love ALL thirdgens. But you get the point.. I hope

I've seen IROC's go for more. If its something a buyer really wants and they have the $$, they will pay for it.

right. A car is only worth as much as someone's willing to pay for it. It could be made outta gold but if people are only willing to pay for half of its real worth then thats what its going for. As for blackened's statement.....um no! It wasn't in MINT condition. But anyway..good luck with your next purchase topduarte.

Value is in the eye of the beholder. Using the wife as the reason we buy and sell cars is the married guy's way of justifying our hobby. I've owned several muscle cars over the 14 years I've been married and my wife has not only endulged my hobby, but has participated in it. Just recently, she phoned me to ask if she could drive my 91 T/A. She claimed her Volvo wouldn't start. Yeah, sure honey.

Just because you're married doesn't mean you have to drive mini-vans and SUV's. And yes, I have two children. My three year old son is already a gearhead with a Hotwheels/Matchbox collection of over 150.

Ha, the guy i bought my camaro from had to sell it because of his wife. i'm never getting married...

Hey just remeber there is someone out there that has been looking for that car all thire life and in the mean while they were making loads of cash. I think thats a good asking price, just depends how long you want to wait for someone to buy it.

True, as it has been said before... The value of a vehicle is only as much as the prospective buyer is willing to pay for it!