3 1970s Chevy cars that are worth a lot of money

Almost any car you buy—no matter how flashy, how expensive, how cool—begins to lose value the moment you take it off the lot. The average value of a car decreases by about 20% in the first year you own it and then loses another 15% in value each additional year you own it. Therefore, most vehicles should not be viewed as an investment that will increase in value over the years.

Unless you own one of the following classic 1970s Chevrolets. Although not every vehicle from the “Me Decade” has increased in value, the prices of subsequent 1970s vehicles have increased exponentially over the last half century due to a variety of factors.

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C3 Corvette

MSN recently noted that the third-generation Corvette (an era that technically runs from 1968 to 1982) is clearly the most popular incarnation of the model, with over 542,000 examples produced in its prime. That’s more Corvettes than in any other era. That popularity continues some 50 years later – in 2022, a 1971 C3 Corvette sold for a whopping $965,500.

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Monte Carlo

Although they do not resell for nearly $1 million like the C3 Corvette, MSN reported that the Monte Carlo – particularly the 1973 to 1977 models – was extremely popular upon its release and sold well despite the oil crisis at the time. They continue to be popular with collectors for resale in the 2020s, with models selling for around $17,000.

suburb

While a seasoned classic car collector can occasionally find a Chevy Suburban for as little as $5,000, MSN reported that a souped-up 1979 model of the proto-SUV resold in 2023 for well over $100,000. As “the longest-running nameplate in American history.” “The Suburban certainly deserves such a high price.

If one of these happens to be parked under a tarp in your garage, consider trading in your wheels for a possible six-figure payout.

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This article originally appeared on GOBankingRates.com: 3 1970s Chevy Cars That Are Worth Big Money