Charger From United States of America, joined Oct 2006, 273 posts, RR: 0 Posted (8 years 6 months 3 weeks 5 days 2 hours ago) and read 1553 times:
A local Pontiac Dealer here is advertising the last 14 Pontac GTO's that came off the assembly line for sale. Really decent prices also.
This peaked my curiosity and I took the 15 minute trip to the dealer to check them out. I walked through the lot and jotted down some Vin Numbers off the GTO's. I came home and checked them out through various GTO clubs and they are indeed the last production GTO's. There were 2 GTO's built after these but they were given to some Brass at GM.
My question is if I buy the GTO that was last production one built for sale, would it be an investment? I know it would never reach the prices of a 57 Chevy ragtop or COPO Camaro or even a Hemi Cuda, but it could possibly be worth a few bucks in 10 -20 years. There certainly weren't to many of them built.
GuitrThree From United States of America, joined Oct 2004, 2064 posts, RR: 8
Reply 1, posted (8 years 6 months 3 weeks 5 days 2 hours ago) and read 1548 times:
Well, if the GTO's were actually popular cars, maybe.
Fact is, they aren't.
I for one, can't predict the future value of the cars, but looking at the last "classic" but modern car that was supposed to hold their value, the 94-96 Impala SS's, what I've seen is that if you keep them under a cover in a garage for about a decade, they are worth about $5,000-$10,000 LESS that what was paid for them new.
Your call. I for one NEVER would buy a car on the "hope" that it's worth something in the future.
I'd rather invest the same money in Mutual Funds and make an average of about 10%.. Much better bet. But then, I can't go out in the garage, uncover a car, and show it off to my friends...
LTBEWR From United States of America, joined Jan 2004, 13423 posts, RR: 16
Reply 2, posted (8 years 6 months 3 weeks 5 days 2 hours ago) and read 1548 times:
They probalby wouldn't be worth as much as the two that went to the GM 'Brass' will be. Those real last 2 may still be owned by GM and sold at a later date or placed in a museum. The gain in value in the ones you can get may not cover the costs of proper storage and maintence. Consider that the new generation GTO was really a sales failure and may have little interest in the future, except as a curiousity.
JetsGo From United States of America, joined Jul 2003, 3095 posts, RR: 5
Reply 3, posted (8 years 6 months 3 weeks 5 days 2 hours ago) and read 1535 times:
Quoting Charger (Thread starter): My question is if I buy the GTO that was last production one built for sale, would it be an investment?
No. The GTO for some reason just does not attract many buyers. Sure it has an engine that will blow the pants off most of the competition, but it has very bland styling. Based on the Holden Manero I think it is, it looks too much like nothing. To your average joe, it looks like nothing more than a Chevy Cavalier. Frankly, I believe the days of cars being worth more in 20-30 years are over.