C4 Corvette ZR-1 Poised for a Comeback, Values Should Peak in the Next Decade
Classic car collectors should keep an eye out for the C4 Corvette ZR-1—it’s set to peak in popularity and value. This elegantly elongated car is definitely deserving of a resurgence, considering it’s been out of the limelight for a good two decades.
Back in 1990, you could get the ZR-1 for an MSRP of $58,995. Due to the high demand of this model when it first came out, the manufacturer sold 3,000 in the first year alone. Since its debut, dealers have sold these models for more than $100,000, as sales records testify.
Not only was it the most expensive Corvette released to date, but it was also stunningly speedy for its day. With a maximum speed over 180 mph and the capability to lap a quarter-mile jaunt in just 12.7 seconds while traveling over 110 mph, who in the 90’s wouldn’t want to take home one of these sexy animals home?
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Fast forward to the present time—exactly how much are ZR-1’s going for right now? The current going price, according to Hagerty’s Valuation Tool available online, is $46,800 for a #1 condition model from 1990. Cars in a #2 condition sell for an average of $33,100, while those in a #3 condition sell for $23,000. These costs are expected to double in the next five to ten years.
Now is the time to buy, according to the experts. Not only can you enjoy owning such a sleek, vivacious retro car that outputs an awe-inspiring 375 horsepower, but it promises to give you a substantial return if you sell it come ten years down the road.
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