The Chevrolet Corvette C3: A Worthy Classic Car Investment?

Most people will tell you that a car is not what they would consider as an investment. Instead, they’d direct you towards buying property or investing in companies, for example. Savvy investors know that the right classic cars can offer a good return on their investment.

Chevrolet Corvette C3

There are plenty of classic cars that one can consider as worthy of investment. Perhaps the best-known example is the Jaguar E-Type. Britain’s iconic sports car is well-known across the globe. But, what about American muscle cars? Sure, there’s the Ford Mustang. Another car that is appreciating in value is the Chevrolet Corvette C3.

Some folks have owned such models, and artists have even sung songs about it! There’s no denying that this is one of GM’s finer vehicles and a worthy classic. What makes it such a good idea from an investment point of view?

It’s an iconic muscle car

The Chevrolet Corvette C3 is also a familiar vehicle with car enthusiasts globally. It’s one of those cars that you fall in love with, even if you’re not a huge fan of sports cars!

It’s that popularity that has helped raise resale values in recent years. You might be thinking that few people are buying classic cars because of the economy. But, it turns out that more people than ever are buying their dream cars!

They are getting rarer

Another thing that bumps up the price of the Chevrolet Corvette C3 is the fact that there aren’t many left. The sad truth is that some over-enthusiastic drivers end up totalling their ‘vettes. And others end up getting left to rot inside of a barn.

The basic rules of supply and demand dictate that the value of something goes up if the supply is low. Of course, it helps that the item in question is popular. We all know how much-loved the C3 is!

Original examples fetch the highest prices

One thing about classic cars in general is they fetch more money if all the parts are original. I know that some things will need to get replaced like batteries, tires and such. But, if the car sports the original motor and panels, it’s more valuable to future buyers.

My cousin once owned a C3. He used to have it maintained by a specialist (http://corvettemotorsports.com, in case you wondered). The fact that everything was like new meant he sold it for more than he paid for it. I think he even made enough money to cover most of his maintenance costs too!

They are a piece of American engineering

Last but not least, more people favor buying classic American cars than ones made abroad. That’s bad news for folks that love their Jaguars and BMWs. But, it’s good news if you own a Corvette C3!

Don’t believe me? Visit http://www.barrett-jackson.com and see what classic cars go for at an auction!

How to buy a mint example

Finding a good condition C3 can be something of a challenge. It’s important that you bear in mind the following:

  • The VIN sticker should be intact;
  • There should be no signs of overspray or color change on the car;
  • The motor and transmission should be original;
  • There should be no major damage to the body.

Good luck!

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