I have a 1982 Olds Delta 88 in excellent condition with 21,490 original miles. They dont make Olds anymore. My neighbor's male "friend" (who graduated Magna *** Numbnuts, from Know-it-All University) told me that as my car gets older it will depreciate with age instead of appreciating. What could I possibly get for this car and is he correct? (I live in Ohio--is anyone is seriously interested in buying my car)
2006-09-16 13:44:05 · 20 answers · asked by ? 3 in Cars & Transportation ➔ Other - Cars & Transportation
In general, many cars start to increase in value when they reach 30 years of age and reach a peak value when they reach about 60 years old. Consider that a used 1930 Duesenberg 4-door sedan was worth around $1000 in 1950 and is worth more than $1,000,000 today. Some cars will not increase in value much but they all will increase in value. HOWEVER, it MUST be factory new spotless, shiny, no defects, very well maintained without rust. mold, or rot Everything must be working correctly and the car must be stored inside preferrably in a controlled environment.
An Oldsmobile will have limited potential unless there's something unique about the car that appeals to Oldsmobile collectors. A good source of prices for your car may be found on eBay. Your car also has value to someone wo needs to reassemble a desirable, unique Oldsmobile of that year because your parts may still be factory original.
2006-09-16 13:55:24 · answer #1 · answered by waplambadoobatawhopbamboo 5 · 1⤊ 0⤋
All cars depreciate, until they get to a point where they become rare. Right now you have a car that is 25 years old (the 2007 vehicles are out). It has extremely low mileage, it the mileage is correct. That year vehicle had a 5 digit odometer, so when the car reached 99.999 miles it rolled over to all zeros again. Have you owned the car (or has it been in the family) since it was new?
What is the body condition? Is there rust? Has the car sat out in the weather, or has it been garage kept?
If the car is in excellent condition, it may be worth $1000-$1500, depending on your finding the right buyer. If you keep the car, and do not drive it much, you will not lose much, if any, value. The car is old enough that the it may actually gain a bit of value in the next 5 - 10 years.
2006-09-16 15:54:05 · answer #2 · answered by fire4511 7 · 0⤊ 0⤋
Depending on the car, the older they get, the more likely they are to appreciate in value once they reach the antique mark. Corvettes, Camaros, Nomads, Goats (GTO) and the old Mustangs and Impalas can fetch a tidy return. Unless you find someone who appreciates Delta 88s, you might be hard pressed to get a lot for the car. (You got a nice car, I'd keep it if it runs ok)A car dealer might be able to tell you what the book value of your car is. I had a '76 Impala that I rode into the ground. It was 22 years old when it died. Had I kept it in pristine condition, I'm sure I would have gotten a pretty penny for it.
2006-09-16 16:38:48 · answer #3 · answered by Call Me Babs 5 · 0⤊ 0⤋
As I am in the UK I have no idea as to the value of your car.
However, cars depreciate from new, and the steepest part of the curve is in the early years.
Some vehicles, which can be considered 'classics' can actually start to appreciate in value again, but it is a matter of much discussion what constitutes a 'classic'!
I would have thought that a 1982 car would depreciate very little, so long as its condition remains reasonable, and it is still roadworthy and usable.
2006-09-16 13:48:11 · answer #4 · answered by aarcue 3 · 0⤊ 0⤋
Some cars do depreciate! Your car could probaly sell for the same or little bit less than what the sticker price was in 1982 that is because of the milage on it! But the only person that will by this car is someone that is looking for that exact car! But it ain't no musle car!
2006-09-16 21:24:39 · answer #5 · answered by SOLUN macedonia 3 · 0⤊ 0⤋
I recently had my 1980 Grand Prix stolen.. with 52,000 miles I only got $2,200 from the insurance company
some cars depreciate in value
unfortunate for you a 82 Delta 88 isn't worth very much 'cause its not a desirable car
on the other hand.. I know of someone who has a 72 Dodge Superbee 440 Magnum worth a lot more than what they paid for it
If its a desirable car.. its worth more than it cost originally
2006-09-16 13:55:26 · answer #6 · answered by Mopar Muscle Gal 7 · 1⤊ 0⤋
All cars depreciate as soon as their driven off a lot new, and they keep depreciating with age. Some faster than others. If your car is one that is in high demand, you could get more out of it, than one that isn't. But your friend is correct. Cars do depreciate.
2006-09-17 03:32:18 · answer #7 · answered by Iam!! 4 · 0⤊ 0⤋
Most cars do depreciate with age. The exception to the rule is cars which have collectible value (Corvettes, Mustangs,and so on). Unfortunately your Olds doesn't have much value in that department.
2006-09-16 13:48:31 · answer #8 · answered by mad_mav70 6 · 0⤊ 0⤋
im sorry but the neighbor is correct once the car leaves the showroom floor its value is gone. The classic cars have better value than the new even though the car is old
2006-09-16 13:58:20 · answer #9 · answered by missreka145 1 · 0⤊ 1⤋
all cars depreciate as soon as they leave the show room. Some, regain value as they become more rare...'69 Camaro, '70 Cuda, '70 Superbird.
...but an '82 Oldsmobile...I don't think so
2006-09-16 13:55:05 · answer #10 · answered by Joe 5 · 0⤊ 0⤋