Blue Batmobile
Viper Owner
Will the 06 Coupe increase in value given that there wont be any 07's, and a revision for 08?
Bat™
Bat™
With apparently no 07 production, will 06 Coupe increase in value?...
- Thread starter Blue Batmobile
- Start date
zen garage
Enthusiast
I have been preaching for months that all srt's will increase in value next year when supply dwindles and the 08 pricing come in HIGH
I would venture to say that they will depreciate less than any of the formers. But appreciate...don't think so. Unless the '08 came in at 100k+....and they don't discount,then all previous years will see a nice turn.
DodgeViper01
Enthusiast
That is a good question.
If there is a significant price increase, I would think so, especially if the price increase was only due to power and not much of a body change. If they only do engine work, I think people will buy GEN IIIs as a way of rationalizing the price difference, and if they wanted the power, they would mod and it could possibly be cheaper.
I recall seeing this happen in the past with many other cars, like when the Murcielago came out and many still missed the Diablo look. As a result 6.0 Diablo values, pretty much went through the roof, as high as $200K from about $140K - $150K. This also happened a little bit with the GEN IIs once the SRT came out.
If there is a significant price increase, I would think so, especially if the price increase was only due to power and not much of a body change. If they only do engine work, I think people will buy GEN IIIs as a way of rationalizing the price difference, and if they wanted the power, they would mod and it could possibly be cheaper.
I recall seeing this happen in the past with many other cars, like when the Murcielago came out and many still missed the Diablo look. As a result 6.0 Diablo values, pretty much went through the roof, as high as $200K from about $140K - $150K. This also happened a little bit with the GEN IIs once the SRT came out.
Blue Batmobile
Viper Owner
some good points Tiger 
.
Bat™
.Bat™
PatentLaw
Enthusiast
End of the line almost always means it is more valuable (over time as compared to like body styles of a generation). Look at the almost endless variations of the Corvette. Model years 62, 67, 82, 96 are almost all worth more than their counterparts (82 having some exceptions). If I were a betting man, I would say yes, but it takes time. I think that the cars will actually nose dive immediately, however, as soon as a new announcement is made. If you are going to buy, that would be the time to go after the bargain.
They just dropped the price of new Vipers by about 30K in Canada....
They finally adjusted pricing so it is line with our Canadian dollar, and what you guys pay in the states for new Vipers. Only problem is that it also drops the value of my 03 SRT buy 30k...the way I see it!
They finally adjusted pricing so it is line with our Canadian dollar, and what you guys pay in the states for new Vipers. Only problem is that it also drops the value of my 03 SRT buy 30k...the way I see it!
268Copperhead
Enthusiast
Just my opinion but I think a price appreciation is unlikely. It may not stay as depressed as it is now.
The cars have depreciated substantially over the last year. The prices are unheard of. Which is great for someone like me that just bought one. Not so great for someone that bought one a year or two ago.
Not sure what you paid for your Viper in 2003. But I have seen prices north of $120,000. CDN.
I just picked up a 2005 Copperhead with 374 miles for around $81,000 CDN. All in. Bought it in the US and imported it a month ago.
The 08 model is going to be an upgrade. So prices will likely take a dive when the 08 is released. but then it may go back up as the attraction of owning a Viper may actaully increase.
Just my two cents worth. I would not buy one as an investment. But I sure like owning one. Nothing like it.
The cars have depreciated substantially over the last year. The prices are unheard of. Which is great for someone like me that just bought one. Not so great for someone that bought one a year or two ago.
Not sure what you paid for your Viper in 2003. But I have seen prices north of $120,000. CDN.
I just picked up a 2005 Copperhead with 374 miles for around $81,000 CDN. All in. Bought it in the US and imported it a month ago.
The 08 model is going to be an upgrade. So prices will likely take a dive when the 08 is released. but then it may go back up as the attraction of owning a Viper may actaully increase.
Just my two cents worth. I would not buy one as an investment. But I sure like owning one. Nothing like it.
I think the guys that a thinking long term have a valid case. What most folks don't realize is there were less than 1000 Coupes built in 2006. This alone, and with many colors in very limited runs, should be of benefit years in the future. Scenario is similar to many cars, where production dropped due to economic/insurance/fuel concerns, and then later folks became aware of how rare their models were. Just my humble opinion.
Example: 300 Copperhead Editions built in 2005, but only 50 total Copperhead Coupes built ( in all variations ) in 2006.
Example: 300 Copperhead Editions built in 2005, but only 50 total Copperhead Coupes built ( in all variations ) in 2006.
Scott_in_FL
Viper Owner
All bets need to be placed before the '08 is announced, so I jumped in and purchased my '06 coupe a couple of weeks ago. So, if you can't tell, I agree with much of the foregoing.
Short term, the prices will stay depressed. Mid to longer term, you will see slight increases back to an equilibrium (which will still technically be depreciation but at a very acceptable rate).
The reasons are several. First, the '08 is likely just a power increase and minor appearance mods. Vipers lend themselves to solving those issues very easily, so purchasers will see value there.
Second, there will most certainly be more '08 and '09 coupes than '06. That will make the car more rare even if it's a slightly lower performing car.
Third, prices of new vehicles tend to increase over time and that will continue for high performance, limited run autos. New Porsches, Ferraris, Audis, Lambos, etc. will continue to push the median MSRP higher and higher (think back about 10 years and $150,000 cars were hard to come by, now everyone including Ford has one). That will also keep depreciation in check and maybe even help increase the value of your '06 that will then be viewed as an absolute bargain for $80k.
Short term, the prices will stay depressed. Mid to longer term, you will see slight increases back to an equilibrium (which will still technically be depreciation but at a very acceptable rate).
The reasons are several. First, the '08 is likely just a power increase and minor appearance mods. Vipers lend themselves to solving those issues very easily, so purchasers will see value there.
Second, there will most certainly be more '08 and '09 coupes than '06. That will make the car more rare even if it's a slightly lower performing car.
Third, prices of new vehicles tend to increase over time and that will continue for high performance, limited run autos. New Porsches, Ferraris, Audis, Lambos, etc. will continue to push the median MSRP higher and higher (think back about 10 years and $150,000 cars were hard to come by, now everyone including Ford has one). That will also keep depreciation in check and maybe even help increase the value of your '06 that will then be viewed as an absolute bargain for $80k.
DodgeViper01
Enthusiast
some good points Tiger
Bat™
Thank you sir. I am very intriged to see what acutally happens though.
Les Quam
Enthusiast
I am still interested in adding a 2006 generation 3 coupe to my collection and wondering if anyone has accurate information as to what new 06s can actually be bought for now, new from the dealer?
In regard to this thread in my experience with buying and selling muscle cars over the years it's my humble opinion that the Viper is a significant car from a historical basis as it is a handbuilt American big block musclecar/sportscar.
The Viper is really an enigma if you ask me? The first two generations had incredible iconic styling that will clearly pass the test of time like the 67 big block Corvette's and many others. The Vipers also have a big block stuffed into a sports car like the 60s era Shelby Cobra's. However with neon like rear brakes and lumpy cams they also remind many of a muscle car. Unmolested factory original low mile no story Vipers through the first two generations are holding their value and in some cases increasing.
Another factor that is similar to muscle cars that works in a Vipers favor for appreciation purposes is that most Viper owners upgrade or modify their cars which is great since the current owners are not saving them for the next guy but enjoying them right now. However that will make unmolested Vipers rarer in the fuure causing them to appreciate and take the modified ones along for the appreciation ride. The special edition low volume Vipers also serve to assist appreciation potential however many now are paint and tape specials and not actual options like the ACRs and GT2 cars so that IMHO diminishes their appreciation potential somewhat.
The third generation lost the unique clamshell type hood that opened up the engine compartment and some of it's timeless styling IMHO. However it is a completely sorted out chassis now with world class supercar handling characteristics and styling that is still beautiful and unique and still handbuilt so I think again that in the LONG term future , unmolested, factory original low mile gen. 3 cars will appreciate.
IMHO most important for apprection analysis is that Viper owners are incredibly passionate about their cars similiar to Ferrari owners and that greatly enhances future appreciation potential as a prospective buyer tries to wrestle a rare Viper out of a long term owners hands.
My 2.5 cents (.5 adjusted for inflation)
In regard to this thread in my experience with buying and selling muscle cars over the years it's my humble opinion that the Viper is a significant car from a historical basis as it is a handbuilt American big block musclecar/sportscar.
The Viper is really an enigma if you ask me? The first two generations had incredible iconic styling that will clearly pass the test of time like the 67 big block Corvette's and many others. The Vipers also have a big block stuffed into a sports car like the 60s era Shelby Cobra's. However with neon like rear brakes and lumpy cams they also remind many of a muscle car. Unmolested factory original low mile no story Vipers through the first two generations are holding their value and in some cases increasing.
Another factor that is similar to muscle cars that works in a Vipers favor for appreciation purposes is that most Viper owners upgrade or modify their cars which is great since the current owners are not saving them for the next guy but enjoying them right now. However that will make unmolested Vipers rarer in the fuure causing them to appreciate and take the modified ones along for the appreciation ride. The special edition low volume Vipers also serve to assist appreciation potential however many now are paint and tape specials and not actual options like the ACRs and GT2 cars so that IMHO diminishes their appreciation potential somewhat.
The third generation lost the unique clamshell type hood that opened up the engine compartment and some of it's timeless styling IMHO. However it is a completely sorted out chassis now with world class supercar handling characteristics and styling that is still beautiful and unique and still handbuilt so I think again that in the LONG term future , unmolested, factory original low mile gen. 3 cars will appreciate.
IMHO most important for apprection analysis is that Viper owners are incredibly passionate about their cars similiar to Ferrari owners and that greatly enhances future appreciation potential as a prospective buyer tries to wrestle a rare Viper out of a long term owners hands.
My 2.5 cents (.5 adjusted for inflation)
C O D Y
Enthusiast
The 06 coupe are so rare and hard to find that Dodge is willing to send you on their privet jet to Germany if you take a new coupe off their hands.
The 1996 RT/10's are not real gen 2, but not just a gen 1. That is exactly how the 06 coupe will be viewed in the future. It will be the Coupe with less HP.
The 1996 RT/10's are not real gen 2, but not just a gen 1. That is exactly how the 06 coupe will be viewed in the future. It will be the Coupe with less HP.
C O D Y
Enthusiast
How much would you pay for a 2006 coupe if the the new 2008's had a Hemi V10 with 600 HP?
Well..if the MSRP is north of 95k....I would still buy an '06 Coupe for 75k. The cars will look similar, no doubt. So 20k+ for 100HP....makes the '06 look good. SC that puppy, and pocket 10k...or even a TT...for the same price as an '08. My info and take on this '08 is that it is a stop gap to answer our calls to put the Viper back in front of all USA cars again. And my understanding is that the "revised motor" is capable of way more than the initial '08 will put out in HP. Enough to answer the call again in '09 if required to beat anyone else who delivers more punch than the '08 will have. All this being said...it is a very expensive motor...enough to push the price of the car over 95k.
Scott_in_FL
Viper Owner
Wise folk will listen to Viper585... he speaka da truth.
Casey
Enthusiast
I agree, if the car looks essentially the same and has a few more HP from the factory, I would rather save the $ from the purchase of the car and use that $$ with Heffner.
That's what I did in the past, and most likely what I will do in the future.
And please don't tell me I will NOT have a warranty, as you would be wrong!
That's what I did in the past, and most likely what I will do in the future.
And please don't tell me I will NOT have a warranty, as you would be wrong!
268Copperhead
Enthusiast
Interesting points. They are just an absolutely awesome car. A visual thrill ride.
No matter what they do I am sure glad I have one.
No matter what they do I am sure glad I have one.
What if the '08 has undefeatable traction control (similar to the Z06)? Would the incursion of electronic nannies (TPMS, yaw/stability, etc.) affect the resale value of the '06 models (which would then be the 'final chapter' in unfiltered raw power).
Or is there just no chance of that happening?
?
-J
Or is there just no chance of that happening?
?
-J
No, I don't think it will go up in value. Hopefully that's not why you bought it. I also agree with Viper Jon, pricing will only matter if it continues to be an underachiever. The Viper is about being the king, if it doesn't regain that status, it will go away.
Scott_in_FL
Viper Owner
Well, if it goes away, then we're all sitting on something very, very special.
FinalEd357
Viper Owner
I think of the SRT models, it will hold its value best for the next 5 years. Historically, wouldn't you say most convertibles hold value better over hard tops, though. It seems a bit backward that the SRT model doesn't follow this trend - at least for now...
FinalEd357
Viper Owner
I really like the idea of an extremely low production color combo (non special edition car). Having a "1 of very few" will mean much more value 20 years from now, in my opinion..
Scott_in_FL
Viper Owner
Of course, all of this assumes that any one of us is interested in holding these cars for 20 years. During that time, sportscars will just about sprout wings. It will be tough to pass on all of the anticipated future enticements and then roll up to Barrett-Jackson in 2026. Hell, by then you will be so tied to the car I don't think you could sell it - regardless of the $$$.
Newport Viper
Enthusiast
Similar threads
Latest posts
-
Right side outer rocker panel.- Latest: snakeSRTops
-
-
-
-
-
-
-
Staff online
-
Bruce H.Enthusiast