I keep reading in many different areas that 100K was offered for Vin #1. Does anyone actually remember 100K being offered for the car? I personally remember making the statement that I believed if an auction were to take place, Vin #1 could go for more than 100K if it turned out to be black. I never offered 100K, only gave my opinion that it might get that type of bid.
That being said, I would have bid 100K for the car at auction as long as the auction took place before the car was delivered by Pontiac to the new owners. I placed this kind of value on #1 for a specific (charitable) reason, not for investment reasons. In my opinion, the car isn't that valuable from an investment standpoint.
Sure it has some extra monetary value being #1, but nothing significantly different than any other first 1000 car, in my opinion. Most of the value is in the hype, the anticipation, etc...not in the car itself. Now that the hype, and delivery has occured, miles have been driven on the car, etc...the value is now much less than before. If you think otherwise, see if you can get #1 to put the car on Ebay with a very very high reserve (high enough that noone will buy it) & see how high anyone bids - I can assure it won't be anywhere near 100K.
Now that being said, lets think about this. If I were willing to pay 100K previously & the owners didn't want to accept that price, they essentially paid 100K for the car because they gave up my cash that I would have paid them. From the standpoint of owning a unique car, I don't blame #1 at all - I think its great & I'm happy for them, but lets not call it a good business deal.
Seriously, does anyone really think this car is EVER going to be worth more than 100K? I don't, but even if it did somehow reach that amount in the future, it will never be worth the amount that could have been made through properly investing the 70K difference that Vin #1 essentially paid for the car.
That money put in just about any real estate & held for 20, 30, 40, 50 years will be more valuable than Vin #1 could EVER EVER EVER become. So all of you who think this car is something like the lottery don't really understand business, in my opinion.
Hopefully, noone will be offended by my opinions, but I am getting tired of seeing so much said about the value of Vin #1 - get real - noone is going to pay that much money for this car - yeah, I would have for my own reasons, but I have more money than brains!!
So stay excited about getting your new cars & Vinny # 0001 - enjoy - its an expensive toy, but it sure will be nice to show all your friends at diiner, won't it!!
That being said, I would have bid 100K for the car at auction as long as the auction took place before the car was delivered by Pontiac to the new owners. I placed this kind of value on #1 for a specific (charitable) reason, not for investment reasons. In my opinion, the car isn't that valuable from an investment standpoint.
Sure it has some extra monetary value being #1, but nothing significantly different than any other first 1000 car, in my opinion. Most of the value is in the hype, the anticipation, etc...not in the car itself. Now that the hype, and delivery has occured, miles have been driven on the car, etc...the value is now much less than before. If you think otherwise, see if you can get #1 to put the car on Ebay with a very very high reserve (high enough that noone will buy it) & see how high anyone bids - I can assure it won't be anywhere near 100K.
Now that being said, lets think about this. If I were willing to pay 100K previously & the owners didn't want to accept that price, they essentially paid 100K for the car because they gave up my cash that I would have paid them. From the standpoint of owning a unique car, I don't blame #1 at all - I think its great & I'm happy for them, but lets not call it a good business deal.
Seriously, does anyone really think this car is EVER going to be worth more than 100K? I don't, but even if it did somehow reach that amount in the future, it will never be worth the amount that could have been made through properly investing the 70K difference that Vin #1 essentially paid for the car.
That money put in just about any real estate & held for 20, 30, 40, 50 years will be more valuable than Vin #1 could EVER EVER EVER become. So all of you who think this car is something like the lottery don't really understand business, in my opinion.
Hopefully, noone will be offended by my opinions, but I am getting tired of seeing so much said about the value of Vin #1 - get real - noone is going to pay that much money for this car - yeah, I would have for my own reasons, but I have more money than brains!!
So stay excited about getting your new cars & Vinny # 0001 - enjoy - its an expensive toy, but it sure will be nice to show all your friends at diiner, won't it!!
I know that's one of those "big ifs", but stranger things have happened. Me? I'd take the $100K, buy another Solstice and pay off some bills with the change. 
