Overhaulin'

how long before the value of my car goes up and?

how do i make that happen? i have a 1994 z28 lt1 camaro. v8 5.7 liter. in 4 years it's a classic car right? 20 years old? i heard you go to the dmv and get a classic plate and you're only allowed to drive your car on sundays is that right? well can someone explain to me how the value goes up on a classic car? thx for all the info. based on what everyone says i think im out of luck. my camaro has 130,000 miles on it. it's bone stock though. it's really buffed, shined and cleaned but it has a few cracks on the lip of the bumper(ez fix). and well this is in new hampshire. but i was just wondering anyway so yea thx.

Public Comments

1. Nothing is automatic when it comes to classic cars. The $$ is totally dependent on the market, which can change by the hour. A car is only worth what someone else is willing to pay for it. On the historical plates, the rules vary by state, but most limit the driving that can be done, altho I've never heard of one being pulled-over & questioned.
2. You have a long way to go. Those generation F-bodies are in abundance. Look at the price of 70's muscle cars, the only way it's worth anything if it's all original and have under 10k miles, or it's just had so much money sunk in it that the value goes up, even then they don't get out what they put into it. Camaro's were not an exceptional car then either, if it was a Corvette or Viper in original condition with no miles on it you may have something.
3. Okay, depending on your state, you can apply for classic car status on a vehicle when it reaches 20 years or older. The rules and regulations on the use of that vehicle will vary from state to state, but usually does have a limited use. In other words, it is not considered to be a second car. As for value, this is more dependent on the position the vehicle holds in that particular model history, innovations that particular model has in the company history, number of that model made, and finally condition of your car. Having said all that, if your Z is stock and I mean stock, nothing aftermarket, nothing at all, then you could command top dollar for your car. Of course, low mileage, maintenance documentation, no accident repair, overall great condition, come into play when pricing a used car. I would hazard to guess and this is only a guess, that you are going to have to wait another 10 years before you see a significant increase in value. Good Luck
4. Where the heck did you get that info? For a REAL car collector, the line starts at 30 years! At only 20 years, there are still models of those cars on the road. I don't know where you are, but NO, there aren't "Classic Car" plates from any DMV. You can drive a classic car any time. However, once you have insured the car as a "Classic" car, there are special insurance policies that you pay for. You and the Insurance company place a "Declared Value" on the car. You'll need to have documentation to backup your claim. I have a collection of 16 Classic Muscle Cars to a value of over 5 million dollars. I wouldn't even think of a '94 Camaro Z/28 as a Classic. There's nothing special about it, no historic background, Limited Edition, Police Cruiser or something that makes it different. I have friends that have one of these cars and it's no big deal. Now, if you had a Corvette ZR-1 of that year, things would be a little different. Value goes up based upon many factors, Numbers assembled in that model year, desirability, numbers still existing, Historical background, rare options, color, usage, age, paper trails (pedigree), and many more.
5. very few cars ever go up in value.