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 Prowler prices... enigma ? (Page 1)
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halicat unregistered Personal ScrapBook Admin Use |
posted 01-22-2006 09:34 AM
   
After watching the Barret Jackson auction the past few days, I can only look at my automobile and wonder how many of us owners are going to be kicking our own butt in 10 years if we sell our Kats for $32-34,000 prices range that seem to me the norm these days. I can never understand how a limited production car such as the Prowler, that is hand built, and sports leading edge technology can sell at these low prices. Why these cars are not getting the MSRP today is beyond me. With approx. 11,000 produced, and probably 1000 already in the bone yard, it would seem to me that $45,000 for a low mileage, piece of automotive history is a deal. These are just my opinions, what to you guys think ? How many years will it take before the Prowlers will reach the MSRP of $44,000. ( they were $64,000 in Canada with only 673 produced for the Canadian market)
This message has been edited by halicat on 01-22-2006 at 10:18 AM |
tangled up in BLUE      POA Site Supporter Prowler Junkie From:New Castle, Ind |
posted 01-22-2006 09:43 AM
I have 2 "NO/LOW MILE" examples waiting for the MILLION $$$ bids....  ...I fully believe in the coming decade these cars will find a footing in the collector car market...but it's hard to justify higher prices now when there are still a few new ones on dealers lots for sale....give these cars another 10 years to get used up and destroyed, become more of a novelty, and you may see the interest start to build....by then, I will be in "the HOME" with the "Lucid Eye" lying dead at my feet ps....I remember seeing a Dodge Daytona for sale for $2800. once and I walked away....I looked at a HEMI CUDA for $2200 in the early seventies and passed...passed on a 53 Vette in the late seventies for $6K.....the Amphibicar that bid to $115K, there was one for sale not far from my house for $1500 for two years....just takes time This message has been edited by tangled up in BLUE on 01-22-2006 at 09:50 AM |
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halicat unregistered Admin Use |
posted 01-22-2006 09:51 AM
The price paid for the Electric Blue one of a kind .. doesn't look that crazy now ... So you figure they will going for the MSRP in around 10 years ? I bought a 68 charger in 1974 for $500... it was a 318 auto, Bronze with the white interior. sold them all and never got more that i paid for them... Who-da Thunk it ?? This message has been edited by halicat on 01-22-2006 at 09:57 AM |
The Phantom Prowler Enthusiast From:Oak Brook, Illinois U.S.A. |
posted 01-22-2006 10:07 AM
True automotive enthusiast's own a specific car because they love it; not for the hopes of what the value or investment return will be. This message has been edited by The Phantom on 02-03-2006 at 04:46 PM |
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halicat unregistered Admin Use |
posted 01-22-2006 10:17 AM
Maybe I should make the point that my car will never be for sale...not to be confused with complaining that I can't make a profit on a sale. I have put myself in the position that will allow me to never have to sell the it. This is just a discussion regarding future value... |
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Bcoffman Gray Ghost Prowler Junkie From:Marshall,Mo.65340 |
posted 01-22-2006 11:08 AM
quote: Same amount of money invested wisely in the stock market would have done the same thing. "WISELY" Same with certain car models. And what if you picked the wrong ones? Or had a fire? Tornado? Hurricane? Earthquake? Flood? And when would you have been satisfied with your profit and cashed out? "Shoulda, coulda, woulda" Hindsight don't amount to squat!!! This message has been edited by Bcoffman Gray Ghost on 01-22-2006 at 11:09 AM |
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halicat unregistered Admin Use |
posted 01-22-2006 12:29 PM
quote: |
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drbob Prowler Newbie From:Freeport, IL 61032 |
posted 01-22-2006 01:08 PM
10 to 15 years with under 20000 miles. |
Prowl 36 POA Site Supporter Prowler Junkie From:Palm Bay, Florida, US |
posted 01-23-2006 01:58 PM
I love my Prowler and if I wanted it to be an investment I could take the 35k and put it into a fixed 6% rate that is guaranteed and make a 50-55 THOUSAND DOLLAR PROFIT in 20 years and not have to worry about upkeep or insurance on the Prowler. I suggest if you are looking to make money SELL YOUR CAR NOW. Who knows what the next twenty years will bring for the automotive industry. Will we even be burning GASOLINE, or will that be a thing in the past and we will all be sitting on cars that will become flowerpots, and the values drop?? Just like fluctuation in the market for many commodities??  |
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Thunder POA Site Supporter Prowler Junkie From:Vancouver, B.C., Canada |
posted 01-23-2006 07:04 PM
There is no doubt in my mind that in 10 - 20 years these cars will be worth big $$$$....that is if we are still burning gas and, and, and.....JMO By then the big 3 will have merged (in order to survive) there will be about 20 models, a couple of sports cars, the odd super car. Oh yea, gas will be $15.00 US a gallon. |
Chromer   POA Site Supporter With Jack the Wonder Dog - Official POA Mascot Personal ScrapBook From:Denver, Colorado, USA |
posted 01-23-2006 07:21 PM
quote: Never Equipped with a :
JMO |
SOCRATES POA Site Supporter Prowler Junkie From:Lakeland, FL , USA |
posted 01-24-2006 08:53 AM
Wow, with the buy it now price on this one, you'd think they've already started on the fast path to appreciation.  [/url] This message has been edited by SOCRATES on 01-24-2006 at 08:55 AM |
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elambeth Prowler Newbie From:Dallas, Texas |
posted 01-24-2006 11:11 AM
This should actually be an important topic for all of us, regardless whether we ever plan to sell our Prowlers. Reason: Your car is probably insured under an exotic auto policy for "Agreed Value". (And if it isn't, it should be. Otherwise a total loss would result in you getting paid out at the fully depreciated rate for an ordinary passenger vehicle... perhaps $20k or less for a 5+ year old vehicle.) I have my "Agreed Value" policy through Hagerty Collector & Exotic Car insurance (hagerty.com). As the name "Agreed Value" would imply, the ins co and I have contractually agreed on a dollar amount that they will pay me if the car is wrecked, regardless of what Kelly Blue Book or other market guide might say. I've set my agreed value to $38k for a stock 2001 Mulholland edition with ~7k miles. I haven't changed the insurance amount for 3 years, so this may be a bit on the high side, as I believe Prowler prices have been falling. Hagerty charges $20.50/year per $1000 of agreed value, so if I'm overinsured, I'm wasting $$$. Im thinking of reducing my coverage this year to $35k or so. It's tough to know exactly how much a replacement car would cost, though... so we all need to keep our eyes on this. I'd hate to be underinsured even more than to be overinsured. This message has been edited by elambeth on 01-24-2006 at 11:13 AM |
PROWLEN Prowler Junkie From:Wa. USA |
posted 01-25-2006 01:48 AM
I agree! Prowler prices are way too low, and that it is an undervalued automobile. Why do you think so many Prowler owners own more than one? Because they are smart! It not only is a great looking and fun car to own, but the low, low production numbers make it an excellent investment car as well. I have heard all the cons about, if you think it is an investment car dream-on, but you have to admit it has all the ear markings of future collectible. A lot of us paid over sticker for our cars for various reasons, but mostly because we could, and wanted one now! I paid $50K for mine, $5K over MSRP on my 2000. It was a great deal at the time! If I had a crystal ball, would I have waited for prices to come down? Maybe, but I don’t regret my purchase, and I have had several more Great Years of Prowler ownership and fun, that seems fairly priceless, than if I had waited a couple of years and saved thousands of dollars. And no, I am not wealthy and can afford to loose thousands, just a blue collar guy that worked hard, saved for my dream, and made it happen. Like a lot of great car guys on here, when the Prowler came out and we learned that it would be a production car, I thought, “I can finance and insure that? And it comes with a warranty? Yahoo! I’ve got to get one of those!” I was welling to pay a premium for the Prowler because of the whole package. Great retro Roaster styling, combined with state of the art technology and engineering, extensive use of aluminum and composites panels, eye popping looks and great colors, coupled with limited production, and a fun factor off the scale! We love this car for all of its great attributes and its exclusiveness, as well. When more people start to realize exactly how rare 11,702 copies are, prices could sky rocket over night. Supply and demand is a perceived factor, and in the mind of the public, a mind set. Just wait until there is a sell off of the dollar, (Iran), or some other hick-up in the economy and smart investor start looking for tangibles to invest in. Low production and a high demand could send our cars soaring in price over night, and I don’t think that you will have to wait ten years for it to happen. These are tough times for a lot of us, and some people have to sell their cars at discounted prices to move them. If you paid $35K for yours and drove it a couple of years, you might be willing to take $30K for it, but if you paid a premium like a lot of us, $30K would be a heavy hit, a $20K loss in my case, at today’s values. Yes, my car is used, going on 6 years old now, but still in near mint condition, as many of us car guys love and baby our rides. Not to mention the thousands $$ invested in bolt-on mods and the like, a whole other discussion, I’m sure. If a dozen people advertised their cars for $50K on ebay and a dozen more advertised in Auto Trader for the same, it would be perceived that Prowlers are going up in price! $40K would suddenly become a steal. It has happened to obsolete and hard to find Prowler accessories, trailers, and hardtops too, for awhile. I say that the Prowler is, just that rare, and the near future will prove me right. The enigma that shouldn’t be! Just my thoughts on Prowler values... ------------------ PROWLEN.... John (-: |
galaxie       POA Site Supporter Prowler Junkie From:middleburg hts. Oh. U.S.A. |
posted 01-25-2006 02:53 PM
I agree John. Nuff said  |
DR PROWLER POA Site Supporter Prowler Florist From:TORONTO,ONTARIO,CANADA |
posted 01-25-2006 03:45 PM
Or for a mere 2 million you can have this car!Wow  |
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Bcoffman Gray Ghost Prowler Junkie From:Marshall,Mo.65340 |
posted 01-25-2006 03:46 PM
Has always amazed me how much difference there is in value depending on whether you are the buyer or the seller. JMO |
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halicat unregistered Admin Use |
posted 01-25-2006 05:34 PM
Bravo John .....!! Very well said .... Speaking as another blue collar guy, driving his dream.... I gotta say "I truely feel lucky to own this car"... This is a review I found on the Prowler written by the local paper here in Nova Scotia.... Impressions If Plymouth was looked upon as Chrysler's value leader - offering a lot of car for little money - you have wonder how the aluminum-bodied Prowler ended up in Plymouth's garage. Perhaps it's because the Plymouth Road Runner was at the heart of the muscle car wars of the late 1960s. More practically, the reason might be as simple as to give that division its own image icon, just as Viper is Dodge's. Giving Plymouth high visibility in Canada, however is really a mute point. The Prowler is only Plymouth model you'll be able to get for 2000. The Breeze, Neon and Voyager are gone. Regardless of the internal politics and/or 'market rationalization' that led to the Great White North being treated like a Great White Elephant, the Prowler is the most outrageous street machine ever built by Detroit. Although the powertrain was upgraded with the 253-horsepower 3.5-litre SOHC V6 from the Chrysler 300M last year, the Prowler could be considered more of shocking fashion statement than a pure, all-out performance machine. Proof of that might be in the changes for the 2000 Prowler, which has reduced front and rear spring rates to improve the ride. The ride? Funny, we would have bet good money that ride quality wasn't a huge priority with Prowler owners. Further proof is that while the Viper has been performance enhanced every year since its inception, Prowler changes have been largely cosmetic. For 2000, you can get a Prowler in silver (sorry, no more purple), as well as black and red. Hot Rod, yes. Tire-frying canyon carver, almost. Still, the Prowler is the envy of any Canuck with red blood coursing through his or her veins. Despite its questionable functionality, the Prowler's tight cockpit has enough room for a leather interior, airbags, seven-speaker 320-watt stereo, all the while returning good fuel economy and meeting all safety and emissions standards. The Prowler is the best of all worlds. |
SILVRKAT POA Site Supporter Prowler Junkie From:Capon Bridge, WV USA |
posted 01-25-2006 06:10 PM
Very interesting post! I'm sure this discussion will go on for some time. I think it might work to bring up the prices if every Prowler owner advertised their car on some sales site like eBay, and listed them for $50,000.00 to $75,000.00.That way $40,000.00 would seem like a deal. It is possible since there are really so few Prowlers out there compared to the other makes. I have owned about 30 different cars in my lifetime and I never sold one for a dime more than I paid for it! I love driving a good Hot Rod and my Prowler got more looks than any other car I owned and was more fun to drive than any other one. They all have high mileage on them when I do decide to move on to something else. |
Wayne Finch POA Site Supporter Prowler Junkie Personal ScrapBook From:Toronto, Canada |
posted 01-25-2006 09:49 PM
Among the price limiting factors of a Prowler is that even though production is limited, most of those cars are semi garage queens that are in great condition and always will be. There is probably 10,000 great Prowlers out there. |
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Chi_Town_Prowler POA Site Supporter Prowler Junkie From:Chicago, IL |
posted 01-26-2006 03:38 AM
The Barrett-Jackson Auction should teach Prowler owners one thing: R-E-L-A-X!!! IT WILL GET THERE!!! Anytime super expensive Bentleys and Ferraris that are just a couple of years old are going for less than half of their original costs should tell you something. Late model performance/sports/special interest cars all take a dip in price and then they bottom out. Afterwards, they start to rise. All of those cars at Barrett-Jackson did the same thing, too. Examples: A buddy with a triple white '64 GTO ragtop (in good condition) couldn't give that thing away in 1980. - In the winter of '87 a guy offered me a '70 HEMI Challenger for $2000.00 - At the '85 World of Wheels car show in McCormick Place, a couple of guys had a sweet, blue Superbird that they couldn't GIVE AWAY for $5000.00 - In '96 a shop offered me a '66 Ford Fairlane ragtop with FACTORY 390 for $2000.00. The car was in good condition and I've NEVER seen another one since. - The hood on my '70 Road Runner today costs more than I paid for the ENTIRE car back in the mid nineties. Prices are actually strong for the Prowler compared to other cars in its style (sports/special interest) and original price range. |
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PROWLEN Prowler Junkie From:Wa. USA |
posted 01-26-2006 03:55 AM
quote: And your point is? 10,000 Great Prowlers.... Just checked the world population... 6.5 Billion people and counting, That makes one of Ten Thousand a very rare club to be in... Just thinking aloud again... ------------------ PROWLEN.... John (-: |
WildCat      POA Site Supporter Prowler Junkie Personal ScrapBook From:North Louisville, Indiana, USA |
posted 01-26-2006 09:45 AM
`69 Charger SE $425 in `76 traded for mach 1 `69 SS 396 375 HP Chevelle $500 in `76 sold for $750 3 weeks later `71 351 cleveland Mach 1 $900 + charger in `76 sold for $1,750 in `77 `72 340 stick ralley Challenger $1550 in `78 sold for $1,500 in `95 `71 383 `Cuda Convertible $850 in `79 sold for $1750 in `86 `77 Dodge Aspen $6,300 in `77 don't remember but it was in `79 so ex wouldn't get it `99 Prowler $41,000 in `98 sell in the future? `98 Prowler trailer $4,600 in `98 sell in the future? I have had some winners but sold them before their time The Charger was a buddies that had drained the oil out of the blueprinted and balanced 383 in the fall and left with no oil or drain plug. a $65 383 and I had it back on the road the chevelle was another buddies that wanted a new luguna S3 (YUCK) and wanted money fast The Mach 1 was wanted by a very good friend and was in collage. He said if I bought it he would get a job in the summer and buy it from me. He finished putting the motor in the charger and we traded it off. 3 months later he decided he didn't want it and I sold it. The challenger was a parts car as far as I was concerned. The guy out it back on the road. TOO MUCH RUST but still had the # matching 340 with the car, Hemi 4 speed My Cuda convertible (one of the most desirable musclecars of all times) It needed the engine and trans rebuilt due to bad thrust bearing in the motor, new top due the damn dog climbing on it and ripping my NEW TOP and some body work but the pictures I posted are as it was when I sold it. I sold it to a guy that sold it to another guy that I met after he restored it. He had $19,000 invested in the car after restoration. It was not restored as built but with the correct options for a fully loaded `71 `Cuda. BUT this car in the same condition would be in the $40,000 to $50,000 range. The Aspen should have let Sheila have it. Lost my as* on it and it is worth not much more than junk price today The Prowler. I bought mine for list price when they were selling for $15,000 to $30,000 over sticker. Yes I hurt the value of my car by painting it. It will probably get painted again before it gets sold at least once, so it might look more like a stock Prowler, I might just put it all the way back stock so it will be the one that is unusual at events. The Trailer listed for $5,100 when I bought it but the dealer sold it to me for $4,600.......out of the Prowler and Trailer I think the Trailer is the only thing at this time that is worth more the car. AND my custom paint will not hurt the value of the trailer since so many are painting the trailers to match their car. With only 1,300+ trailers made they might be worth more than the cars someday..............hehehehe I do have a old car price guide and got my new copy yesterday. It shows the Prowler worth about $1,500 for one in #6 condition (parts car)and $41,000 for #1 (perfect showroom new) #3 condition (driver) somewhere in the mid $20's. I would say most Prowlers would come in as a #2+ but don't remember what they had for it and the magazine is at work. I was working at Chrysler in the late 70's and living at home with mom & dad paying $25 a week rent. I didn't know what to do with all the money I was making so I was buying and selling car. I had about 20 cars in the 1st year I was out of school. I hope when it is time to sell the Prowler that I can get a good return on my money. Right now for a car that I have had almost 8 years and drove 26,000 miles and had a lot of fun with, if I were to get 75% of the purchase price would be a good investment in my opinion. In the future it might be more and it could be a lot worse. My crystal ball does not work too good so I don't know what tomorrow will bring. I guess if people bought these to make money they could have put it someplace better. All I know is the money I have invested has not done any better than the value of the Prowler and it was a lot more FUN driving it. |
RED5 POA Site Supporter Prowler Junkie From:USA |
posted 01-27-2006 08:59 AM
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elambeth Prowler Newbie From:Dallas, Texas |
posted 01-29-2006 11:57 AM
The $20.50 includes liability ($100k/$300k limits), uninsured motorist ($250 deductible) and agreed value comprehensive/collision ($500 deductible). The one catch is that I have to have a regular liability policy on a different car with a different insurance company for my 'daily driver' vehicle. You can't have the hagerty policy be your only policy, so the prowler can't be your only car (and can't be driven to work/school etc.) I actually have three different auto insurance companies for ridiculous reasons. I've got my daily driver, a Dodge Durango, insured with a regular insurance company. Then there's the Prowler, with Hagerty. Finally, I have a 1982 Jeep Scrambler heavily modified for off-road use (6" lift, 35" tires, fuel injected chevy 350 engine, etc.) My regular insurance company won't insure it AT ALL - even just with liability coverage - due to the high risk of rollovers and other safety hazards, and Hagerty won't insure it since I use it off road (they would accept it if it were a show car, but they took one look at the scratches and mud on it and turned up their nose.) The Jeep actually has $50k of mods in it, so I would really like to insure it for agreed value too, but the best I could find was a State Farm collector's/antique policy, which insured it for an agreed value of $10k (they wouldnt go any higher.) So, three cars... three insurance companies... no multicar discount. (To add insult to injury, State Farm won't write new homeowner's policies in Texas, so I can't get a house+car discount with them either... I have to have my homeowner's with yet a 4th ins co. ARGGGGGHHHH!) |
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