i just seen a 1991 Z28 1LE on Barrett Jacksons page with only 78 miles on it...
lot # 412 @ Scottsdale. WTF? talking about a trailer queen, why have such a nice car and not take it out on a cruise every once and a while, i can see like maybe 16,000 miles but dang 78!!!!! Im sure all 78 miles on it were people test driving at the chevy dealership in 1991


there was another one a 1990 IROC 1LE with only 1,200....lot #36 @ PBCCA Palm Beach

Must be nice to buy a new car so it can sit in your garage and look pretty till it becomes a classic, wish i had that $$$$ to blow

http://www.barrett-jackson.com/appli.../w_search.aspx
then enter the lot # plus location to view cars

 

I think the car has gone round and round, last year it sold for $40,000, by the time its all said and done it came out to $42,000 with Seller Fees, Buyer Fees, Get in the door Fee, look at the auctioneer Fee and the Bathroom Fees...

John

 

Lot 463 is the white 84 Z28 that was on eBay last year with only 6 miles on it. There was a long discussion here as to how accurate the car was if anyone remembers.

https://www.thirdgen.org/forums/hist...tml?highlight=

Also, BJ charges a 10% buyers fee and also an 8%(?) seller fee so a $40k sale will actually cost a buyer $44k and the seller pays $3200 more for a total of $7200 going to BJ to sell 1 car! It's no wonder the owner is filthy rich.

 

yeah, the Barrett Jackson 1LE is at the dealership I work at....it's absolutely perfect...I've taken tons of pictures of it...and I think it has 81 miles on it now...

we also have a 1969 Camaro "COPO" with only 57 original miles

here is a link to the 1LE at the dealership....notice how much they want for it now...

http://www.sampiercechevy.com/Preown...oryId=14228090

 

still crazy to never drive a car, i like what i seen on a car show one day, this guy said

"i dont understand these guy who put thousands of dollers in their cars and never drive them, all they do is sit in a garage and ride on a trailer, hell its a car, get out in it and burn out, thats what its made to do, if you break it fix it"

If i went out and got a brand new Z06, or even one of the new camaros, i would drive it

 

I agree....but there is a reason why some of these cars bring so much money.....less miles=more money....and in this case..ALOT more money

 

x2 ... A cars only worth as much as someone's willing to pay. The "investor" wants to sink his money into something that will have the potential to bring him more money back (either at a later period of time, or in a different market.) A perfect example is a 1LE with almost no miles... this could also very well explain why I couldn't sell my 92 rs with 100,000 miles and a v6

 

There was a 74 Trans Am on ebay this week with 8,900 miles on it , 455 super duty , he had a buy it now of $ 250,000 .
He gets one for the price and he gets one for not driving it more .

 

Some people don't drive them because they aren't road legal. Some of those 78 mile cars haven't been registered since new and are probably covered under home owners insurance rather then auto insurance. I have a hard time justifying paying to have a car insured and liscenced that I don't plan on driving.

 

To do just that and never register a car is STUPID STUPID STUPID, a prime canidate for Vin Identity Theft in my book.

JOhn

 

There are lots of reasons people have cars that don't get driven....I have a 92 Z28 with 125 miles, a 1994 Z28 with 595 miles, a 1999 SS Vert with 800 miles and an 02 SS with 22 miles.

I don't drive the 92 because I feel it is a rare car and don't want to put miles on it. The other cars, I just don't have alot of time so they rarely are driven. I do take excellent care of them so they are ready to drive if I want to. When I retire I will have plenty of driving time and I'll still have the cars.....I won't be the guy that says "gee I wish I still had such and such car"....I will still have them!

Leonard

 

For the most part Leonard has a point, although I do not think he intended it. When you consider that most collectors have more than one car, Take an extreme collector, Jay Leno for example, if he drives on average 500 miles a week, and he has 52 cars and he equally distributes the time he drives each car then each car would only rack up 500 miles a year...

You take me, I have the following:
87 Formula
89 Formula 350 convertible,
67 Buick Riviera
87 Formula LB9/M5

Most of the time I have to force myself to drive one of those cars because I have a daily driver. Its not that I do not enjoy driving them its I primarely use those cars for special things, car shows, burning rubber etc. I have my Daily driver which is a 1995 Buick Riviera SC, it sucks gas, but its a comfortable ride, and it drives great. I do not get the pleasure of driving this car that I get from one of my others BUT I do not drive my cars when it Might rain, or usually between October and May. Half of the year in my climate is basically shot.

If the car is your primary source of transportaion, forget it. If you have to go through extra steps to get the car out to drive it then its not as likely to be driven. If you have more than one collectable car then you have to divide your time between cars. If you are like me and just like working on the beast, then thats what you enjoy. I enjoy working on my car doing things that I want to do as much as driving it.

My point is that some cars are not driven because they are not neglected, but rather they are not convenient.

John

 

Plus, whats wrong with having a couple cars that are never driven? They will still be around a long long LONG time from now...after most of us are gone. Gotta preserve some history... A handful of cars not driven out of thousands made (of one type) isnt crazy at all...

Not sayin I wouldnt drive em... Just saying I understand why there are a few cars that never get driven. They'll end up in a museam getting our children's children's children's interested in cars.

J.

 

How is the car not registered cause a problem of VIN theft? By looking at that 1LE it isn't registered, it doesn't have plates on it front or back. They are titled (obviously) just they don't have tabs. You can get a title initially without registering it.

 

Got pics/vids? I'd love to see those vehicle's with such low mileage.

 

I have some digital pics if you send me your email address. I don't know how to post them on this site.

Leonard

 

Make a photobucket account Leonard, it's easy and free and makes sharing pics of all sorts easy.It's also a plus if you sell stuff on the boards.

 

If the car was never registered to an owner, IE the car goes from Person to person without getting a license plate, or a title then what can effectively happen is someone can make a clone, (this has been done) and then sold overseas, then the original car can be sold to somone in North America. Now you have 2 Identical cars. The Clone comes back to the US due to some reason, and then there are 2 Legitimate cars driving around with Identical VIN's. No one knows which car is the real one.

Its not impossible AND it has happened. Thus Why it is important to keep your registration current.

JOhn

 

I can understand how cars end up not getting driven, I havent driven my cars as much as I would have liked - but this is not to say I dont want to drive them. I just dont seem to get the chance often(under 1K/year on the TTA's and about 6K/year on my GTA).

To purposely not drive a car is something I dont understand - but I'm sure the people who sit on cars with almost no miles dont understand why I want to drive mine

In the end, to each his own so enjoy em as you see fit

Steve

 

In WA Registered and Titles are two different things. We got to the DMV and get the title using the old title (signed by both parties) and a bill of sales. That is when you pay your "Use Tax" on the vehicle. It is then registered with the DMV with the VIN and your name, and you'll get the title in the mail in a few weeks. Then you pay another X amount for tabs on the vehicle, and a plate if it needs it. That is completely separate from the Title work part. I know things work different from State to State, so that may be where the confusion comes in.

Just a note, here in WA if you get "Collector Car" plates the tabs never expire, so once that it done you never need to re-register it again. So that would fall into the same category is not paying the 70 bucks for tabs every year.

Douglas

 

just a FYI Amor

NO homeowners insurance contract covers autos of any kind, registered or not.

So if you have a car your restoring in your shop or garage you will be sadly disappointed if you have a thief or fire loss. Here is a funny thing about homeowners insurance coverage. The parts of the car are covered if they are not physically installed on the auto, as soon as you add them, they are no longer covered under personal property of a homeowners policy.

 

So if I disassemble a project car then my insurance will cover the car but if I leave it assembled I have to have an auto policy?

Leonard

 

Grab a free account here: http://photobucket.com/

They have tons of free space--and can even host some videos as well. If your images are large you have the option to allow a max filesize or max resolution--which ever suits you.

 

Here is a photo of the 92.

Leonard

 

That is interesting, I'll have to check my policy.

LOL, if that is the case then I am fine, most of mine are in pieces!

 

I have to agree with John on why cars don't get driven.

I can't drive my car to work because we have every idiot from every state vacationing here so that won't work. Plus, insurance won't allow it. I also don't drive the car if it looks like rain and that's every day from May to October, our rainy season. The homes down here are built with what I refer to as a small garage so for me to get the car out, I need to pull my truck out, move my son's gokart, get the riding mower out of the way, uncover the car and then go. I can't wait to get the shed built to get the mower and stuff out of the garage. I ws driving my car 2000 miles a year when I lived in Minneapolis with only 6 months of warm weather. Now I have 12 months of warm weather and the car gets average of 500/year. Wish I could drive it more!

 

I guess to answer some of the questions about Identity theft as I understand them.
1) If you apply for a title of a car that title is good forever for all intents and purposes. What keeps the Title current is the fact you put plates on the car and you keep them current. If you fail to renew your tabs or plates then after five years in most states the car simply falls off their records. I know in some states you can simply have a VIN written on any piece of paper and apply for a lost title, and the will issue a title for that car. The Great thing about the never expiring plates is they never expire and are on the books until you sell the car.

Let me ask a few questions:
1) When was the last time you sold a car and you recieved in the mail a notice of title transfer?
2) After 5 years of not registering a car, did you ever get a notice stating that it will fall off the books?

I have never gotten a notice of transfered title, nor a notice that my parts cars are going to no longer be covered.

I am trying to be VERY honest and up front with all of you, it is not some scam to try and scare any of you, I GAIN nothing. I want you to be careful with what you have as some day it may come back and bight you in the butt...

JOhn

 

Yes. as long as the parts, any parts are not installed

 

I guess you have to ask:
At what point do parts become a whole, if you attach it to the VIN tag then removing the Tag would essentially place the car under the home owners. If you state that it would be an assembly, then most of our parts are not a single unit unto themselves as they are assemblies. Even the most basic of parts can be made up of different parts. A rolling Chasis definition would be moot if you remove the tires.

One thing I will suggest is to get your homeowners and your car insurance by the same company, that way when they argue about what is covered by whom, you can tell them to tell it to themselves.

John

 

That's what my situation is. My home and vehicles are both insured with the same company but each has it's own policy contract.
A home insurance policy does not cover vehicles / a vehicle insurance policy does not cover the home or garage. But they can be both through one place of business.

And SLP_GTA hit the nail on the head regarding car parts. A rear diff sitting in your garage can hardly be called a vehicle and thus is covered by the home owners insurance. Once it's on the vehicle (chassis with a VIN) then it falls under the vehicle insurance.

Of coarse the only way to now for sure is to talk to your insurance company to know for sure what the details are. Never assume anything. Some may or may not have stipulations regarding the state of the vehicle (during a restoration tear-down for example) and where it (or the parts) fall under which policy.

Regarding title and registration, I know here in Alberta, AB they are apples and oranges. The only convergance of the two is you can't register (put plates on the car) without having title. But you can have title without registration. Example; I have a '68 Chrysler that sat without plates (no registration) for more than 5 years but I always had title, the VIN was part of it, and always had insurance coverage for fire & theft, etc. It just wasn't insured or legal to drive it around until I registered it and put the plates on it and upgrade my insurance coverage appropriately.

These days both my Camaro & Chrylser are fully covered (titled & registered). During winter storage however to save a few $$$ by dropping the liabilty, windshield and other driving coverage and just leave the fire, theft & vandalism on it. Then come summer they get the works.

 

yea i only put less that 26,000 on mine in over 5 years, but atleast i take it out and drive it, like said before its a car, thats what its ment to do, if i spent $70 grand on a 69 like they do at the BJ i would drive it, thats what collector insurance is for, not saying i would take it out every day, but would take it out a few times a month.

 

I JUST HAVE TO ASK, DID YOU BUY THE CARS NEW? OR DO YOU JUST LOOK AND FIND SUCH LOW MILE CARS?

 

LeonardS is the original owner of the last 1992 Camaro made. He was at the factory when the car ran down the assembly and was signed by all the employees. Not sure of the rest of the cars, but the car that gets him on this board is original owner.

 

yea i wouldnt drive that 92 either, LOL it would be a garage/trailer queen

but WHY on the other ones?? its pointless to me, unless i had bookoo $$$$$$ to blow........id make some time to drive them, atleast a cruise around town or what not

 

Ok, I have made this point before. 1987 you take 20000 and invest in a 1987 Formula and your friend invest 20000 in the stock market. Lets say he invested 20000 in Micro soft. You save it till 2008 and sell it with 54 miles for 54000 dollars. You just made a 34000 investment. Your friend who invested 20000 in microsoft, purchases your car for his collection and his personal mechanic will take care of it. I purchased a house in 2001 for 120000, it was just acceseed at 280000. A car is still a terrible investment. Drive the hell out them and have fun.

 

first off, hell yeah

secondly, if i had 20 grand in microsoft i wouldnt drive them i would have someone else drive me around in them.

also, i agree cars are bad investments unless it is something that there are only 5 of.

finally, beyond that i couldnt let something that pretty just sit there i would have to show it off.

 

Ug, I hate hate hate seeing this "cars are a bad investment". YES, NO KIDDING! They are not an investment, however, that does not mean that people should not own low low low mileage cars. It is THEIR money, why should YOU have any say in what THEY do with THEIR car.

I want low mileage cars when I build my garage, why, because to me they are pieces of art to show off. If I want to invest I will put money in the stock market.

 

Plenty of people have bought houses in the last 5-7 years thinking they would be "good investments". I'd like to ask some of those people how there "good investments" are now. Anybody heard that the forclosure rate is at an all time high. Stockmarket is a good investment if you know what you are doing, if you dont it could be all gone overnight!! Anyone who buys a car for a good deal, and there out there, and sells it 2-3 years later and makes money, is a good investment, plus they had the time to enjoy them.

 

I bought the 92, 94, 99 and 02 new. The only one I bought used was my 69 Z28. I bought it in 1987.

 

Well thats just amazing to me!!! I hope you keep them for a good long time!! You know there's discussion about keeping these cars and not driving them. I'm glad theres people like you that dont because someday they'll be sold and I'm glad the younger generation will have a chance to own a great peice of history. I currently have a 1987 iroc convertible with 12,000 miles and a 1988 5.7L with 2300 miles, which sounds like a lot to you probably. The 1988 I just got from the original owner and when "not" car people see this car, they just cant believe its condition or its milage!! I felt totally privledged to have a chance to own a car like this ,and just like to look at it. Your's would totally BLOW their MINDS !!!!!

 

dang i opened a pandora's box here lol

 

YEP!!!

 

I always get a kick out of these threads, where almost everybody just starts yapping about how the car should be driven, blah blah blah. While I am a firm believer in using my cars, I also completely understand the place these no-mile originals have in automotive history. Many people view ownership of these cars more as a custodian or caretaker opportunity until it's passed on to the next person. As a thirdgen fan, I get extremely excited when I have an opportunity to look over a car like that. It's a rare glimse at a perfect version of my favorite car that you just can't ever get from looking at a restored example. You're looking back in time, admiring flaws and all.

If I had the money, you bet that I'd own as many of those low mile original thirdgens as I could afford. Sure, I'd still have even more drivers, but I'm sure I'd be most proud of my perfect, untouched originals.

 

I don't know about the next generation being able to own Leonards cars. I'm hoping that he calls me someday and says I can have my pick!!!

 

Im not questioning your integrity, Im just interested. How sure are you that they are original? Do you have pictures?

 

Some homeowners insurance contracts do cover autos. I know for sure as I checked with my insurance before restoring a car in my garage. As long as my car was in the garage, it would have been covered for theft or fire losses.

 

Interesting, do you mind me asking who you have your home insurance with? In addition did you hear this from your agent or did you read this in your policy?

In my experience, I have never seen a home contract that covers any owned autos. I'm not saying you don't but read your contract to be sure and please report back.

 

I'll check at home and see the name of my company. I originally heard it from my agent who handles all my different types of insurance, but I read my policy to verify that the agent was correct.

 

my home owners covers my car as long as its in the garage, thats why i leave it here and not trailer it if we get a really bad hurricane, figure its safe in my garage with the door reinforced than on a trailer somewhere trying to get away from it

 

i can get pictures if you would like. It has all documentation....everything to prove that it's truely a COPO with 57 miles. The have it listed for 1.5 million....completely crazy. Thats why the COPO and the Barrett Jackson 1LE we have will never sell....