One of our three "Sports Car Saturday" "Classifind" features this week on GuysWithRides.com is this 53 original mile, red over black leather, 1990 Chevrolet Corvette ZR-1 currently listed for sale on the New York Craigslist by whom we believe is the the original owner with an asking price of $68,500. The #1 "Concours" estimate on the Hagerty Insurance Online Valuation Tool is $41,000, so the current caretaker is banking a buyer will be willing to pay a $27,500 premium for what is essentially a 30 year old new car.
In 1990, the C4 Corvette's base price was $31,979 and checking the ZR-1 package option box added a whopping $27,016 for a combined total of $58,995. That's the equivalent of $117,538 in today's dollars. We suspect this seller bought his "King of the Hill" ZR-1 on speculation hoping in 30 years it would be worth a lot more. Turns out that was a bad decision as ZR-1 prices stalled in the collector car world for many years and are only now starting to see a modest rise.
Look online for a decent financial calculator and you'll find that same $58,995 invested in 1990 in an S&P 500 index fund (with dividends reinvested every year and ignoring taxes) would be worth an estimated $1,032,246 today.
This poor 53 mile 1990 Corvette ZR-1 still has all of the dealer-prep wrappers in place and the leather looks unused.
That's a much better return on your money than having a new unused Corvette take up space in your garage for 30 years. We'll never understand the logic of someone buying a new car only to go through the hassle of storing and maintaining it with the hope of someday having it be worth way more.
The moral of the story - buy new cars to drive and enjoy, not save for the next caretaker!