What are everyone's thought of the Viper going up in value?
Right now they cost more that their MSRP. Do you think its at its highest selling price or will it keep going up?
What are everyone's thought of the Viper going up in value?
Right now they cost more that their MSRP. Do you think its at its highest selling price or will it keep going up?
You're asking a fairly biased group here. Guy's that own Vipers think (or hope) they will go up in value, while guy's that don't own one think they will go down.......
The Value for me is the enjoyment of the car and driving it. And if it goes up in value then that’s a bonus ….
You will have to ask my heirs. Selling during my lifetime is not expected.
Dodge completed just over 31,850 Viper (from 1992 to Feb 2016) and for the sake of comparison Porsche delivered 67,535 of the 993 Generation of the last air-cooled 911 (a generation that was produced only from 1993 to 1998)... So the Viper is indeed pretty rare. That sure helps keeping the price going up.
That being said, since Covid, prices of pretty much everything are going up. The stockmarket is beyond crazy (Gamestop, Tesla's P/E over 400, etc..) and raw material's prices are through the roof.
Is the Viper's market distorted? Probably.
But on the long term, I think the rarity and the iconic factors will keep the Viper's prices stable/up.
I think the Supra is a good example of the general direction these are headed. As time goes the amount of cars without a “story” or just clean unmolested cars will be harder to find. Guys are buying 100k trucks without thinking twice, so the market and the money is out there. COVID has added this extra layer of insanity to it all for sure. But even pre-COVID things were moving up.
Could go up, could go down, either way I’m not sellin! Nothing like it; and I don’t want to be priced out down the road.
Lets see what happens (to everything) when the Fed stops QE to the tune of $120,000,000,000 a month and the Fed's balance sheet does not have $8,600,000,000,000 on it while interest rates clime 1, 2, 10 points.
Let's Circle Back Around on this conversation.....
Brian
98 Ronzello PVP Pilot GT2
99 ACR
Capital Vipers Facebook Group
Capital Vipers Founding Regional President 2018 - 2021
Motor City Viper Owners - Associate Member
Coordinator - Amelia Island Cars & Coffee 2021/2020/2019, Hilton Head Concours 2019, Greenbrier Concours 2018
Coordinator - Hagerty Partnership
Coordinator - Spirit of Viper
GT2 Owners Group
Also, important to point out: there is two types of Vipers
A) The very low-mileage pampered garage queen
B) The used and driven sports car
I think value of A) will keep climbing up no matter what, and at a faster pace.
Value of B) might reach the old 911's pattern, where even a 200,000 miles one can have a value 2x or 3x the MSRP, but probably not before 15-20 years from now.
I wouldn't hold your breath. The US Govt cannot turn off the spigot at this point. If they did, then 95% of America would instantly default on all debt from credit cards to homes, not be able to afford food, gas, etc., etc., etc. Can you say civil war?
Do you think anyone on the Govt teet for the last 24 months used any of the handout money to payoff their home? Or, did they go out and stand in line at the Louie Vuitton store at the mall? Have you been to the mall lately? Maybe you should visit and see for yourself.
That's what they said during the last decade. If you're expecting a 2008-style event, you're not going to see it. Covid-19 was your best chance for a significant pullback and where did that go? And how long did it last?
Will we see ebbs and flows??? Most definitely. Is the housing market a bit toppy here? Sure. Will it pull in 5%? Likely. 10%? Perhaps.
The global economy is truly that today, and developing countries are able to catch up and come online faster than ever. Expect that trend to only increase as technology advances expand exponentially. A digital era is also upon us, which will change everything we currently think/know about financial systems. Get ready. It's going to be quite the ride.
And hold onto desirable hard assets as long as you can. So, to the OP, yes, only up from here. The rate of increase is the only question, but it is up. Plenty of threads on this forum about this topic.
Last edited by Scott_in_fl; 10-11-2021 at 12:35 PM.
Are they going up in value? Or is the dollar losing value? I think it’s the dollar falling, dramatically.
Some intelligent replies in here. I think we should turn this into “what should we invest in the next 5 years” conversation. As scott pointed out, the next 10 years will be quite the ride. Anyone have any good input?
I love the car and want it. I'm just looking at worst case scenario (you never know in life) that if i sell the car in 5 years will it still be able to sell it a price i bought it for. The dealer basically wants what the original MSRP was when new.
Another thing is that it is a 2013 with R28 and R29 recalls. Will that affect its value in the future? As it is a concern for me right now.
My opinion is that these cars are so rare and a true American muscle car that i think they will hold their value, potentially keep going up in value.
Drive it. It's worth every penny it will loose in value. If goes up in value and you sell it for more than you paid for it...then you just had the best time of your life.
This can always happen....go drive it and have fun!
1986 Porsche 911 Turbo 930 Value.JPG
Brian
98 Ronzello PVP Pilot GT2
99 ACR
Capital Vipers Facebook Group
Capital Vipers Founding Regional President 2018 - 2021
Motor City Viper Owners - Associate Member
Coordinator - Amelia Island Cars & Coffee 2021/2020/2019, Hilton Head Concours 2019, Greenbrier Concours 2018
Coordinator - Hagerty Partnership
Coordinator - Spirit of Viper
GT2 Owners Group
^^^ What drove the "Porsche feeding frenzy of 2015"? Monkey see, monkey do? ^^^
probably the lower cost Vipers (gen2 and 3) that will double up in value first. As I don't see any ACR's gen5 reaching 1 million before 10-20 years
Don't what you're smoking but that's gnarly.
No idea why you'd bring politics into this, but on that topic, if the 45th somehow (and I hope not because that moron should be rotting in jail) becomes the 47th, the US will turn into North Korea, then good luck driving anything at all.
It's not just the US that plans on going electric, most European countries have pledge to go all electric by 2035-2040 or so.
Just enjoy your Viper.
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