Basic Economics About Our Trucks!!

[LurchGuy03]

Hey Guys and Girls,

I know im new to owning my truck. As i think about the great purchase i have made and how happy i am with it, i see how a truck like these can become a valuable investment. These trucks as we all know where a very limited production, less then a 57 Corvette (which they made 6339 of). If we all got together and agreed to raise the value of our tucks buy either not selling or selling for a much higher price they would become more valuable. With such a low number of owners i do not see why we have not all gotten together before to disscuss this matter. I do not want to sell my truck in any way, but i would love to know that the truck is worth 50,000 instead of 15,000. We as a community can make this happen pls post on your thoughts.

Thank You
Adam

 

[93TyphoonPacetruck]

Re: Basic Economics About Our Trucks!!

Well, I can tell you right now, nobody is getting my TY, and my new SY is only going to either my cousin, someone I know, or someone that has an offer that is too good to ignore. I feel what you are saying, but for some people it is hard to keep throwing money at these trucks, and they get fed up pretty fast. Just think though, if the price wasn't as low as it was when you purchased yours, would you have still bought it??

 

[LurchGuy03]

Re: Basic Economics About Our Trucks!!

If the price was set and i could not find one cheaper then yes i would have either saved a little more or took out a bigger loan. People will pay the price you tell them as long as they can not find it cheaper elswere.

 

[Typhoon1099]

Re: Basic Economics About Our Trucks!!

I own Typhoon # 1187 and it has 20k miles and still has it's original tires on it. It is like 1993 all over again. I agree about the value of our Ty's! I had someone stop by my house the other day with a new SS blazer all tricked out and he saw my Ty and flipped. He told me he has a TTA and had a Ty and would love to have another. He said there hard to find in my Ty's condition. That's why some are cheap and some aren't, it's condition and rarity. It will get better! the guy offered me 20k just like that,I said no way!! I told him 28k! I have PAS inc congrats paperwork on buying # 1187, window sticker, original bill of sale, odometer reading statement, brodsures, manuals,50 magazines with Typhoon and Syclones from 90 to 93, .Trophies, plaques, The guy was a GM tec and very anal, I'm glad he was!! So lets join together and increase the values, they will go up ! It's only been 13yrs, Look at the Turbo GN's. Look what there doing, and Ty's are much rarer so I'm in!!!

 

[ircwet]

Re: Basic Economics About Our Trucks!!

Well if you want it bad enough you will find the $$$ to support it......I payed top $$$ for something that is CLEAN and not abused......

 

[gkrcr882]

Re: Basic Economics About Our Trucks!!

Good plan, but I wouldn't hold my breath in hopes of making a fortune from selling one someday (unless you have a Marlboro...lucky bastards!

). Excellent condition bone stock trucks are becoming hard to find, mostly due to modification and accidents (but this isn't driving up the value). Even on a mint stock truck with only 500 miles or something, I wouldn't expect to see it sell for more than $25K, at the top end. It is interesting that some trucks are worth almost what they were brand new, but that doesnt include modifications or restoration work. Who knows, I might be wrong and and a mint Sy (non Marlboroized) might fetch 50K someday...just not in the immediate future. For now, Just enjoy the truck for what it is, a fun piece of automoive history, and a membership in the elite club known as "Sportmachines"

On a side note.....1000th post!

. Even though some were BS posts, its still a milestone

 

[jbone]

Re: Basic Economics About Our Trucks!!

Well, I can tell you right now, nobody is getting my TY, and my new SY is only going to either my cousin, someone I know, or someone that has an offer that is too good to ignore. I feel what you are saying, but for some people it is hard to keep throwing money at these trucks, and they get fed up pretty fast. Just think though, if the price wasn't as low as it was when you purchased yours, would you have still bought it??

pat you know me, GIVE it to me :lol:

I wish it were that easy to raise the value of our trucks. But regardless it doesnt really matter how much money its worth. It could be worth a dollar or 50,000 its not going anywhere.

 

[gjp]

Re: Basic Economics About Our Trucks!!

seeing the look on peoples faces as a 15 year old truck smokes them is priceless.!

 

[skipztt]

Re: Basic Economics About Our Trucks!!

i had a guy today, try and trade me an 04 gsxr 1100, or something like that, and 6k cash for my ty. i told him its not going anywhere

 

[chelo]

Re: Basic Economics About Our Trucks!!

Lurchguy03. It's funny that you bring up this subject about raising value and not selling the trucks. Although you seem to have yours for sale on craigslist? Or is this not you ? Looks like your trying to make a quick buck? Or you want others to make a buck for you?

 

[Monesq]

Re: Basic Economics About Our Trucks!!

I'm curious as to why you would want the value of these vehicles to be somehow controlled (fair market value that is). I see no real benefit in that most people do not buy these vehicles as an investment. And we wont be able to insure them for $50,000. For myself, I bought this vehicle because it is so damn sweet!!

In the past people have asked me how much for my Ty. I told them I would not sell it for less than $50,000 - that's if I sold it at all. Of course mine has mileage, has some dents etc. I6t is a work in prigress. It is one of the few Hunter Green trucks made in 1993. It now has a new engine and transmission with only 600 miles on it. Now that I am almost at a point of having the Truck at its peak as a daily rider that can blow the doors off of nearly EVERY production vehicle out there, including some vehicles worth hundred's of thousands of dollars. (I checked out the most current edition of an Auto mag). Why worry about value since there is no way I would ever sell it! Where are you going to find a sportsmachine that carries 4 people comfortably, with their luggage and can blow the doors off of nearly any stock vehicle around - and look good doing it? That's priceless. I've only owned two vehicles in my life, a 1979 Hurst Olds and this Typoon. Unless I really need a family car that my Typhoon cannot meet the needs of (like maybe an STS V) once I've completed my mods, including video monitors in the rear for the kids and a new paint job, there is no need to sell. That's my :2cents:

 

[gjp]

Re: Basic Economics About Our Trucks!!

All together I will have near 20k in my sy. No way could I get near that much for it now. I would gues the prices will go up in 5 years. Especialy on the low milage sy-ty's. Mine is mine and I will only sell if I need $$ bad or it drives me nuts. Not for proffit. Buying a car to make money is crazy nand not worth the envestment risk.IMO

 

[Jimmy]

Re: Basic Economics About Our Trucks!!

Lurchguy03. It's funny that you bring up this subject about raising value and not selling the trucks. Although you seem to have yours for sale on craigslist? Or is this not you ? Looks like your trying to make a quick buck? Or you want others to make a buck for you?

:rotf: BUSTED :tup:

 

[gkrcr882]

Re: Basic Economics About Our Trucks!!

I would hardly consider the 700R4 to be a "monster"

. Despite a few spelling and spacing errors, and sounding like an ad for a kids toy, good luck

 

[live1053rulz]

Re: Basic Economics About Our Trucks!!

I would hardly consider the 700R4 to be a "monster"

. Despite a few spelling and spacing errors, and sounding like an ad for a kids toy, good luck

Haha, true that. He's got a bunch to learn, about the trucks; I give him enough shit for his grammar. I wouldn't mind looking at my truck as both something that I never want to sell and have tons of fun with as well as an investment. I think over time they'll increase in value, especially with the constantly inflating economy. One thing I don't think we'd be able to control if we tried are the prices everyone else with a SyTy that's not on the forum sell their trucks for. I'd be curious to know what percentage of SyTy owners are on or know about this forum.

 

[Jimmy]

Re: Basic Economics About Our Trucks!!

Haha, true that. He's got a bunch to learn, about the trucks; I give him enough shit for his grammar. I wouldn't mind looking at my truck as both something that I never want to sell and have tons of fun with as well as an investment. I think over time they'll increase in value, especially with the constantly inflating economy. One thing I don't think we'd be able to control if we tried are the prices everyone else with a SyTy that's not on the forum sell their trucks for. I'd be curious to know what percentage of SyTy owners are on or know about this forum.

The trucks are worth what somebody is willing to pay for them.That's all.

Dude asking 25K for his 37000 mile truck is huffing paint.Unless there is 10k in cash in the center console.

Trust me, the minty MINT no mileage trucks are in the mid to high 20's,which is not bad at all considering GM couldn't hardly give these things away when the were new.

If you are in these pigs for $.TODAY,unless you got a Marlboro, then you are stupid.The American way is to buy low and sell high,so unless you can score a real nice truck from someone for cheap.I suggest finding other ways to make money.

I got no doubt that the trucks will be worth decent money someday,but I don't own my truck for that reason. The only reason I have my Ty and continue to improve on it's performance is because I can.

I ain't scared of anything that pulls up beside me at the stoplight,and I'm not trying to impress anyone but myself.When I do a 10psi launch and my truck is accelerating stupid fast,it's like nothing else in this world,and I like it.

 

[dgoodhue]

The Economics of a price in free market is all about Supply and Demand.

It would be very hard to artificially limit supply of our trucks. This forum can only limited the Supply for sale so much, other owners selling are dealers, people who we don’t reach on this forum and people with financial issues. It would have to be for sustained period of time because many syty owners looked around for month for their trucks. Even if this was all possible often artificial supply usually backfires and would create blimp up in prices but may result in an even lower price. For our truck to be able to create sustained price increase, we need a sustained demand and maybe sustained lower supply of nice trucks through natural selection (worn out/crashed/beaten).

As for the original poster trying to create an artificial shortage when he is trying to sell his truck, it won’t work. Nice try. I have seen this few times on the Corvette forum with the Zr-1 owners, just like you the person trying to organize the price increase is selling or going to sell his car shortly after. We will just have to wait for the price to rise through natural supply and demand. IMO the only easy way to increase price is through demand. The easiest way to increase demand would be through positive press.

 

[atlantasy]

Re: Basic Economics About Our Trucks!!

I think what people fail to realize is that in the late 80's and early 90's the biggest fad was to drop a 350 into an s-10, and because these trucks were lighter than the mustang they were incredibly fast and enticing. If all of you have been through this, then you know the problem was being able to keep the rear tires on the pavement. I have been through all the options out there only to come to the same conclusion... no traction. The Syclones and Typhoons were engineered and built for us. It is not even about the economics of it, it's GM's response to the guys whose efforts brought the Sy/Ty's to the drawing board.

 

[QWERTYphoon]

Re: Basic Economics About Our Trucks!!

I have a Typhoon I bought in January06. It had 135K miles on it and no rust. The guy that sold it to me said it needed a transmission and a turbo. I asked if I drove it 600 miles home if it would make it. He said"No problem". So I took the train out there and drove it home. One of the longest 16 hour days of my life. It barely made it home. I paid $5250 for it. It needed a front prop shaft $300, (not the tranny)and the cat was cloged(turbo, GOOD). The truck has run perfect since I replaced those parts. I have like $10k into mine now. Would I sell it, NEVER!! I am still in shock that I got one for that cheap. I looked for like six months. The only way I would get rid of mine is when the Jaws of life remove me from it. I might get buried in mine, any body have a grave that is 15 X 6 X 6? These trucks are going to be worth alot more in 20 years. No matter what the mileage is. Mine is near perfect condition. Looks like it has 20K miles on it, not 150K. My insurance has it blue booked at $20K.

 

[odium]

Re: Basic Economics About Our Trucks!!

I don't think a freeze on buying and selling of these trucks is ever going to happen. I also see a continuation of depreciation for quite a few years on these things before they start to slowly appreciate in 15+ years.

That being said, I'm keeping mine.