By on January 19, 2009

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27 Comments on “Is This Car Worth $350k?...”


  • avatar
    elloh7

    Er… No?

    I’ll give you 35 for it, though. thirty five dollars, that is. Thirty five whole dollars. Probably more than its worth..

  • avatar
    Droid800

    No. Which is why anything over MSRP went to Charity.

  • avatar
    DearS

    I thought it was $27,995, what gives?

    Any how a good RWD coupe I wanna see in used car heaven. I just saw one the other day, It looked a little cheap. Like its front was made of plastic. Again at least its RWD, probably comfy, powerful, and affordable.

  • avatar
    ca36gtp

    If I was filthy rich, I’d have bid $351,000.

  • avatar

    Certainly Not!

    –chuck

  • avatar
    Scorched Earth

    I dunno…having the first off the line would be pretty cool…

  • avatar
    slartybarfast

    at least its one special edition they can’t repeat.

  • avatar
    rjones

    No, but GM is worth at *least* that.

  • avatar
    Zarba

    With $325K of contraband in the glovebox…maybe

  • avatar
    KixStart

    You could rephrase this like the recent QOTD, “Given $55K, what would you buy?”

    In this case, it’s “Given $350K, what would you buy?”

    Not this. But maybe the buyer already has all the other cars I’d put on that list.

    For the record, I’d buy his’n’hers Maserati Quattroportes.

  • avatar
    forditude

    Depends. If they are available this summer as scheduled, then no. If GM sinks further and has to cancel the launch (admittedly not likely), then it would be worth it to place into your hermetically sealed garage so you can re-auction it 20-30 years from now. Actually, if it never makes it to production, I’m sure there’s a hardcore Camaro guy out there with way more money than brains (or hair) that would pay well north of $350k for the exclusivity of having a preproduction model. If GM didn’t get the bailout and had to seriously stare bankruptcy in the face and shut down production lines, then this would be a much more interesting investment.

  • avatar
    John Horner

    No.

  • avatar
    Johnny Canada

    Yes. That’s what someone paid for it. The Market never lies.

  • avatar

    Well, it depends. Can they prove to me that this car can, in fact, turn into a 30 foot tall giant robot?

  • avatar
    "scarey"

    One dollar, Bob… er… I mean Drew.

  • avatar
    06M3S54B32

    No!! There is not one American made car worth over $30k IMO.

  • avatar
    98Accord

    Oh wow. I thought it said 50K and I recoiled. 350k???? Unless it has an engine block made of a solid diamond.

  • avatar
    Droid800

    Good God people, do you actually know anything about these auctions? For first run cars like this, anything over the MSRP goes directly to charity. The man that bought it KNEW it wasn’t worth $350k, but he bought it because he wanted to do a good thing for charity and get a car in exchange for it.

  • avatar
    MMH

    So should the real question be, “Is this car worth a $350k tax break?”

  • avatar
    RX

    If it has $312,000 worth of diamonds sitting in the glovebox, yes.

  • avatar

    Actually, it’s a great deal for a collector. Remember, some of the folks bidding at Barrett-Jackson like Rick Hendricks and Dave Ressler own Chevy stores and they can use cars like this as display cars in their stores. They also have large car collections. For a collector to be able to buy a 001 VIN at MSRP and equip it exactly the way they want to is an incredible opportunity. These guys have already budgeted their charitable contributions so the extra $300K or so going to the American Heart Association isn’t hurting the buyer. Then, as a top ten seller this year, the value of the car as a collectible takes a bump.

    The 1st new Camaro may never be worth $350K, but properly maintained in low mileage condition it should hold at least MSRP value and then start to appreciate slowly. Since the rest of the $350K is tax deductible, it’s a pretty good investment.

  • avatar

    These BJ auctions definitely are a BJ to the value of automobiles…

  • avatar
    Jeff Niman

    I wouldn’t pay 350,000 Zimbabwean dollars
    http://www.oanda.com/convert/classic

  • avatar
    Kurt.

    That’s the new Camero? I hope the photo is just bad. I thought it was an East LA tuned Challenger. That is ugly. No accounting for taste I guess…

    …no, I appologize…to East LA!

  • avatar
    meefer

    SO you’re asking me if I want that Camaro, which appears to be not special in any way save being the first of the line, or:

    a Corvette ZR-1, Lexus LS460L, Mercedes SLK55 AMG, and Land Rover Supercharged (just to piss off the greenies).

    The answer is no.

    Hell just give me a Ferrari F430 Scuderia and a G8 GXP.

  • avatar

    SO you’re asking me if I want that Camaro, which appears to be not special in any way save being the first of the line, or:

    a Corvette ZR-1, Lexus LS460L, Mercedes SLK55 AMG, and Land Rover Supercharged (just to piss off the greenies).

    The answer is no.

    Hell just give me a Ferrari F430 Scuderia and a G8 GXP.

    Chances are that whoever paid for the right to get the first ’10 Camaro already has a ZR1 on order.

  • avatar
    kid cassady

    You don’t like the new Camaro. We get it.

    The extra money went to charity – wasn’t that the whole point? This is like going to a senior center charity date auction and cynically asking, “Is dinner with this 75 year old woman REALLY WORTH $80?”

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