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So I guess what this points out is that the market for these cars is almost nonexistent or could it be the fact that Mallet went belly up and people are leery about buying one of his builds ? I think Rob hit the nail on the head with his comment that these are "toys" plain and simple just like any heavily modified car they appeal to a certain group sort of like pro street cars.
:agree::agree::agree:

Cars are never an investment.

Almost everything loses value when it leaves the store for the first time.

The more uniqueness to an end item, generally the smaller the set of people who would pay to own it becomes.
 

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Cars are an investment, but long term and only when done properly. Like Rob said, as so as you drive off the lot you lose 30% (unless it's an M3). Typical depreciation on a Cadillac/BMW/Benz/Audi is 50-60% in 1.5yr.

For 'collectible' cars, seems that the trend is they depreciate and bottom out in value over 20-25 years. Then, they start climbing. Finally, when they're like hen's teeth and nostalgia kicks in, they skyrocket.

IF you're going to invest, these are my general rules (if possible):

1) 2 door. 4 doors will never meet the collectibility of a 2 door. People want sporty

2) RWD. fwd was never legendary and never will be. AWD is an alternative if it was the only option (See: Syclone/Typhoon)

3) RARE. A plain Jane 65 Mustang will not be worth anything in your lifetime. Should have driven it 1 million miles instead of letting it waste away in a garage for 50 years just so you could lose money with inflation-adjusted costs. Now, the first Mustang ever produced, GT500, Daytona Coupe, ...

4) powerful. Rare doesn't mean **** if it doesn't have power. See: Aztec

5) manual Because real men drive sticks, and collectors know this even if they can't.

6) convertible This one I don't care about and would never buy a vert. But, if you have a choice between two 1966 prototype RS/SS/Z28/427 Camaros and one is a vert, take the vert. Collectors always want the vert.

When you hit niche markets, it's a crapshoot. In the meantime, buy a house.
 

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hmmmm I think I would put my money on the na engine setup that Tony has for sale for $3250 complete less head even if you hired out whole install and the new head I think you would be on the street for under $5500 and 440 whp would be good match for the corvettes for sure and you would be about 350 lbs under
 

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Cars are an investment, but long term and only when done properly.
I like your list - quite sensible.

People forget to figure in the true cost of ownership when calculating their 'profit' on a sale. The present value of the original purchase price, the carrying costs if they borrowed it or didn't use it to retire other existing debt, all the maintenance they had to do. Really hard to actually make more on a car than you would have made had you just stuck the same money in a conservative financial vehicle, and really, really easy to lose money. Just ask my buddy that let a kid test drive his Corvette hoping for a sale. What he got was a bill for $35K and a kid that wasn't worth chasing, and an uncooperative insurance company.

I am presently looking at selling some of my cars, and on only one will I make any 'profit', in the simplistic sense that term is usually intended.

I just sold one car for triple what I paid for it in the early 1980s. I figure that I only lost about double what I originally paid for it, when you factor in a body refurbishment and the new engine I put in it, but I'll bet that many people would be trumpeting their business savvy and claiming a real profit!
 

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Discussion Starter #27

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Sold! $26,700 7/23/14

Someone got a free Solstice. :cool:
Late to the thread, but happy to have been the buyer on this car. Taking my time evaluating it in the light of my other cars and spending some time (as I have it) on this forum to educate myself. Thanks to the moderators and contributors. The information is a priceless part of the experience. Headed to the dyno next week to get some baseline performance measurements. With the money I saved on the purchase, maybe....?

 

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Cars are a bad investment

Of COURSE cars are an investment. They just happen to be a BAD economic investment. But can be lots of fun.
I agree, a lot more fun than the $300K lost in the last market crash. My heart tells me buy a V8 Kappa. My head tells me buy a low mileage Solstice GXP Coupe. My wallet tells me don't buy either, keep your boosted Coupe and just have fun.
 

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Lmao! ^ I thought about a C7 but if I would be getting one it would have to be the Z06 simply because out of the box I can just take it to the track. The Stingray handles great as well but even the Zip package still is a tier lower than what the Z06 has.
 

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Late to the thread, but happy to have been the buyer on this car. Taking my time evaluating it in the light of my other cars and spending some time (as I have it) on this forum to educate myself. Thanks to the moderators and contributors. The information is a priceless part of the experience. Headed to the dyno next week to get some baseline performance measurements. With the money I saved on the purchase, maybe....?

Congrats! You got yourself an amazing car. Would have loved to have it. Have fun! Welcome to the forum!
 

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Discussion Starter #33
08, Saturn SKY, Mallett (#02) LS2, Auto, Black, 42,150 Miles.

Other Makes Mallett Saturn Sky Roadster Convertable | eBay

HAVE ALL RECEIPTS AND INVOICES: Car price was $28,115 and Malletts conversion was $35,999.52 for a total of $64,114.52
Options include:
GM 400 HP LS2 V8 ENGINE
MALLETT CUSTOM MODIFIED SHOCKS
CORSA STAINLESS STEEL MUFFLERS
CUSTOM 2 CORE DUAL ALUMINUM RADIATOR
ALUMINIZED CARBON FIBER COIL COVERS
3:73 CUSTOM DIFFERENTIAL WITH CUSTOM DRIVESHAFT
SSBC CUSTOM BIG BRAKE UPGRADE WITH MALLETT ENGRAVED CALIPERS
MALLETT CUSTOM BADGING AND SEAT EMBROIDERY
MALLETT CUSTOM NUMBER PLAQUE
SKY REDLINE REAR FACIA
HAS A NICE CUSTOM WINDSCREEN INSTALLED
 

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I have been toying with the idea of either buying one built or doing one myself but after seeing more then one for sale and the baths these people are taking when they go to sell one no thanks .
 

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Discussion Starter #35
Posted on Craigslist 10/25/14, 2006 Pontiac Solstice SS V8! - $30000, Apex, NC

2006 Pontiac Solstice SS V8! (pics)

2006 pontiac Solstice originally a 2.4 manual base car, 09 Pontiac G8 GT V8 6.0 LS76 6sp automatic 6L80E, 3.72 LS pos rear diff, ZO6 suspension kit, custom dual exhaust with dyno tune mufflers, work done by R&J Mechanical Custom Welding at Apex NC, computer,dyno, programming performed by Carolina Auto Masters in Durham NC, red and black interior was done by AAA interiors in Apex.

No tire kickers and no that's cool man... Money talks.. I have a huge albumn of detailed parts, and pictures of the build.. Plus I even modified the trunk a few more cubic feet of space too...

NO TRADES! I'm selling because I'm going out of the country and I can't take it with me... Believe me I want too but the tariff tax is crazy$$$$... So my hard work is your gain
 

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When is someone going to make up a nice plastic (maybe carbon fibre) cover that snaps over the Ecotec cam covers and looks like an LS top end. Laugh if you will, but I can just about guarantee they'd sell them! I'll take a nice LS7.....
 

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Posted on Craigslist 10/25/14, 2006 Pontiac Solstice SS V8! - $30000, Apex, NC

2006 Pontiac Solstice SS V8! (pics)

2006 pontiac Solstice originally a 2.4 manual base car, 09 Pontiac G8 GT V8 6.0 LS76 6sp automatic 6L80E, 3.72 LS pos rear diff, ZO6 suspension kit, custom dual exhaust with dyno tune mufflers, work done by R&J Mechanical Custom Welding at Apex NC, computer,dyno, programming performed by Carolina Auto Masters in Durham NC, red and black interior was done by AAA interiors in Apex.

No tire kickers and no that's cool man... Money talks.. I have a huge albumn of detailed parts, and pictures of the build.. Plus I even modified the trunk a few more cubic feet of space too...

NO TRADES! I'm selling because I'm going out of the country and I can't take it with me... Believe me I want too but the tariff tax is crazy$$$$... So my hard work is your gain
If you look at his underhood pictures, it's clear that that car will have serious overheating problems in warmer climates. Asking $30k, but budget another $10-15 to make the car work.
 

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Discussion Starter #38
2006, Mallett (#28), LS2, 400HP, Agressive (Red) w/silver stripes, 14,960 Miles, $34,988

LUK GOLD PRO CLUTCH MALLETT CUSTOM SHOCKS AND SPRINGS, UP GRADED LARGE BIG RED BRAKES, CORSA STAINLESS STEEL MUFFLERS, CUSTOM MALLETT 2 CORE RADIATOR, POLYURETHANE RACE BUSHINGS, BLACK CARBON FIBER COIL COVERS, MALLETT BODY GRAPHICS, MALLETT CUSTOM NUMER PLATE AND MORE

Pontiac Solstice Mallett 400 HP Convertible | eBay
 

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Compared to what some other members have had to pay to 'fix' their conversions, $35k for a Mallett that 'just works' is probably worth it.
 
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