Lifetime Premium Member
Date registered: Aug 2002
Vehicle: And what was left was what was guilt was what u gave to me
Location: A cavalcade of strangers came to tear ur world apart
Mentioned: 6 Post(s)
Quoted: 1726 Post(s)
^I put 278 miles on it to be exact. I had a new 1989 Formula 350 with typical options at the time ('89). The Formula was $15k (the window sticker is still hanging in my garage), a loaded GTA like this would have been at least $24k. You can see why the GTA's were rare as they didn't make economic sense. Such is the way of the American car collector, the less desirable and ridiculous it was new, the more valuable it will be later.
A mega low mile IROC cnv. is a safe bet. The best of those would be the ultra rare 5 spd., tuned port, 5.0 with the rear disc brakes. I believe there were less than 200 made like that. That is the shit needless to say. Also a real first gen. (f body) Firehawk is a great investment too. I believe they made one or two convertible Firehawks, those would be the infinite GM collector cars as long as the miles are extremely low. Collectors nowadays accept no high mile cars, anything over 10k miles is considered scrap. I don't agree with this philosophy, it is a little naive, but the die has been set. I believe a black Firehawk cnv. privately traded hands a couple years ago for $70k'ish.
The impetus behind the GTA purchase was simply this: The least outlay of cash for the maximum return. I think percentage wise I just might be on to a winner here. I genuinely like the car so someone is going to have to get very needy for me to sell it anytime soon. Very needy. It is only increasing in value.
Last edited by Shane; 02-19-2009 at 08:28 AM.