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[Music] welcome to Corvette today the show that
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talks about everything Corvette with your host Steve Garrett lifetime member of the National Corvette Museum
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president of the Corvette club of Kansas City Missouri and radio disc jockey at the number one radio station in Kansas
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City for over 45 years here's Steve
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Garrett thanks for listening and watching Corvette today the show that talks about everything Corvette and the
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only current podcast dedicated to Corvette I'm your host Steve Garrett I appreciate you tuning in Corvette today
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is brought to you by wheelcraft want to dress up your Corvette with bright Chrome or black chrome wheels visit
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about finding and purchasing the Corvette of your dreams Joey benjamini from collectible Classics is with me to
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into topics like the top mistakes to avoid when buying a Corvette should you sell or consign your Corvette and what
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Corvettes are holding the most value today Joy is also the largest volume seller on bring a trailer so he
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definitely knows what he's talking about Joy welcome to Corvette today hi Steve how are you doing thanks for having me
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on today I'm glad to have you with me Joey I always start out with my guests by asking a little bit about themselves
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tell me about your childhood where did you grow up did you come from a car family absolutely so I'll jump right in
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background from me I grew up in the suburbs of Philadelphia I wouldn't say per say I came from a car family but I
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always really was interested in figuring out how things work taking them apart I remember as a child I used to get toy
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cars and I used to completely destroy them by disassembling them and I could never put them back together but I would
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make them into like a toy boat and like put the toy boat in a pond and it would go nowhere nice but yeah I always enjoy
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taking things apart and I feel like once I got a car when I was 16 let's say I had to take it apart fix it repair it do
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whatever it was and that kind of spawned my love for the automotive industry and the automotive world because honestly
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cars are so much fun to work on so much fun to enjoy and drive especially if you know how they work they're just so cool
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yeah I agree with you 100% so how did you get started in the automotive industry then so pretty much like that I
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was just 16 bought a car it was horrible bad mistake I bought it at an auction was totally broken wow had no idea what
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I was doing I made all the mistakes I'm going to tell you guys not to make later had to take it apart fix it put it back
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together and I eventually sold it and I actually made money it was nuts it was a disaster but I made the best of it you
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know sometimes when you have like a bad situation it actually works out for the best right that was that so that's how I got into space and I'm pretty committed
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to making sure that one I buy the right cars now because I've made those mistakes hundreds of times and then that
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I can provide a cool product for my clients when we sell cars buy cars all that kind of stuff nice nice now how did
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you get from where you started back then all the way up to where you are present day then so about where we're at present
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day Steve we do about 100 cars a month wow we buy everything we buy private
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party so that means literally every car we get in is from an individual like one of your listeners right so imagine your
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listeners in Idaho or in Nebraska or in Kentucky or in Oregon we buy cars from all across the us we have a pretty
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unique process that's mostly automated using text we have docs get sent out we have videos get transferred to us and
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once we have videos docs we make payment we have a pretty unique Payment Processing system pretty unique document
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system all of it's electronic pretty simple we pay people in a matter of 30 minutes after we get their info even it's
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Saturday Sunday every day of the week we're processing payments getting people paid and getting their cars picked up tell me more about collectible Classics
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then tell me what you guys specialize in too okay so what we're focused on and if anyone has these call us but anything
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that's unique low mileage clean anything from a 62 fuy Corvette that's original
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numbers matching to a 2010 Corvette that's completely modified with a Callaway kit that's your audience but
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not just Corvettes anything so if you have something from the 60s that's really unique all the way up to 2025 and it's just a different special vehicle we
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want to have it we pay top dollar for those Vehicles because we feel like we have a really good eye for evaluating unique vehicles and appraising them so
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stuff that doesn't fit into like the generic models of Carmax or carvana where they give you a number for a
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Toyota Camry or a 3 Series BMW if you have something that's out of the ordinary special color combination
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special interior something that only an automotive Enthusiast could appreciate that's kind of where we fit in because
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we bridge that gap between standard car dealers who just buy inventory to have inventory on the lot and the automotive
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Enthusiast world where when you buy a car you're looking for something that's really special and we feel like we have a really good pulse on that market of
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what's special what's unique what's moving what gets people excited and just we get that inventory that makes people
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excited that's what we do in the space so we find those unique vehicles those one-off Vehicles so I'll give you an example we just bought a collection of
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Cars one of them was an 87 Grand National with 700 miles wow just wild
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cars like anything that's different we'll pay way too much money for Unique cars for sure aren't they yeah it's just
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fun to do different stuff very nice talk to me about what features and qualities buyers look for frequently when they're
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shopping for like a classic Corvette or from any generation of Corvette yeah absolutely so on Corvettes you guys know
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this probably just as well as I know but I'll give you a little bit of my insight people love originality that's massive
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for collectors so if you're looking at something in the classic space take the time to delve into learning about what
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makes that car unique what are the original components on that car and what the top dollar car is sell for so if
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you're looking at Corvettes at older Corvettes numbers matching is obviously huge but beyond numbers matching making
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sure that your car is original or restore it to its original condition or if it's improved how is it improved and
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how does that match up with how it was original so definitely that's a factor and then color and Rarity are pretty unique and I see a lot of people with
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like Signs holding up at car shows and they're like my car is one of one not everyone's car is one of one that's just
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not true right you can't say like I'm the only one with white seats and blue interior and 16-in wheels and special
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tires and like you have Michelin tires and someone else might have a different brand of tire what makes a car unique and like what makes a car cool is if you
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have a one-off color or if you have a limited production run or you have a Callaway Corvette that's one of 10 right
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you know like that's wild and that makes a car unique so definitely Rarity and difficult to replicate makes a car more
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special if that makes sense that definitely makes sense well joy let's take our first break when we come back
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we're going to talk more about collecting Corvettes from Joy benjamini of collectible Classics here on Corvette
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today and now back to Corvette today with your host and my husband Steve
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Garrett thanks for checking out Corvette today on podcast and YouTube it's the only current podcast dedicated to
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decom today or give him a call 833 639- 4231 I'm your host Steve Garrett with me
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is Joey benjamini from collectible Classics we're talking about how to buy the Corvette of your dreams Joey there's
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been a lot of demand for C4 C5 and C6 Corvettes over the years that's involved
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into a great classic car market hasn't it yeah absolutely totally agree and I would say like we talked about before I
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would say C4s c5s and c6s are still great values in the market with c8s
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being so new and everyone's all excited about them and c7's also being wildly expensive from time to time I think C4
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c5s and c6s are phenomenal value for anyone looking at the Corvette market and specifically in those Generations
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there are some pretty special cars that are not properly appreciated today and we'll definitely talk about which ones I
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think are like unbelievable values in the current market but just overall C4s from convertibles to the lt4 to the ZR1
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which is ridiculous to the special edition models for the H models just anything in that C4 Market really really
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cool lots of fun and if you get like the right one or the clean one they're just really rewarding c5s are some of the
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best out there there's not much else that gives you the raw power of an LS1 and a six-speed manual those are so much
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fun to drive even the early ones like 97 98 99 if you get a crisp C5 just like a
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crisp C4 those are a ton of fun and then the C6 is just get anything modified in the C6 is wildly powerful yeah really
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reliable driv train just so much car in the C4 C5 C6 markets that's super easy
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to achieve and there's no more depreciation there like if you buy a C5 C4 or C6 and you buy it right you're
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only making money there's no downside left in that market that's cool as a matter of fact I was watching bring a trailer today they had a C4 ZR1 that
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sold for like $44,000 I thought that was a great buy you're talking about the 700 mile yellow
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one yes you saw that that was wicked I thought that was cheap there was a 91 went for like 4 some with 900 miles I
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was like that's wildly cheap yeah it was a great buy for whoever bought that car yeah which Generations are you seeing
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are the best value in Corvettes for collectors subjective I don't know that you can put what's the best value where
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can you make the most upside I would say you can make the most upside in the market that has the least value right so
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I'd say if you pick up a C4 right and I'm talking you can get a C4 that's actually clean for under 10 grand which
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is absolutely nuts or even you can get a C5 there are c5s out there that are transacting like near 10 to 15 grand
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that are really clean and I remember there was a time where you could buy a C5 Z6 for under 20K wow I used to buy
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like 18,000 M C5 z6s so I don't think there's a best one but definitely C4 C5
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is where there's more upside c6s are still a little bit higher in price but C4s and c5s are wickedly wickedly cheap
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and there's just nothing out there that even compares in terms of dollar value for the cars especially in Corvette
15:56
World I think they're unbelievable values I agree and I think the C4s and c5s are great starter Corvettes for
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someone just getting into the hobby those are great cars to start with aren't they I had a C8 and I like the
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C4s and c5s better than my C8 wow I'm I'm just being honest they're
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just too many people have C8 it's like everyone in their mom has a C8 now and I don't mean to offend any of the people
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who love their C8 they're cool cars but it's cooler to see a unique color C4 ZR1
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or a super clean C5 Z6 with the Commemorative Edition pack package right like those are more unique to me yeah
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and those draw more attention and like excite me more than seeing another red C8 and that's a good question because I
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wanted to ask you what factors really influence resale value for Corvettes is it mileage is it special editions stuff
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like that so mileage is definitely a factor right that's like the biggest so I'd give you mileage yeah yeah and then
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beyond mileage I think the weird thing about Corvettes and I've thought this forever is that everyone who owns a
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Corvette really keeps it in really good condition which is strange you don't see a lot like you'll see Corvettes even
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with Miles the difference between an 80,000 M Corvette and a 20,000 M Corvette sometimes isn't that much in
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terms of condition which is wild because like all the guys who own Corvettes like me and you and like all the other guys
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yeah they keep them in the garage they wash them every weekend they never leave them outside they wax them more than
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they drive them right and so like you see one that has 70,000 mies versus one that has 30,000 miles like there's no
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bad condition Corvettes like I yeah sure there are ones that are like completely destroyed fine but if you buy it from
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like a guy like you or me they're nice cars you know what I mean yeah absolutely right but I would say special
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editions are huge so when I say special editions I'd say all the upgraded performance models those hold their
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value and go up in value more so than the base ones just because they were limited production right like if you talk about the Z1S there's only a
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thousand a year they made if you talk about the z6s and the c5s and you talk about the special editions of those z6s
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so you talk about the speedway white ones which there's only like 300 of or you talk about the commemorative
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editions which there's only a few thousand of those are limited runs so performance special edition definitely
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add value you got to get the performance model when you're talking about a Corvette because it's all about performance yeah absolutely right talk
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to me about auctions what are your feelings about auctions like meum Barrett Jackson saes okay here's my
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thoughts I think the auction houses they probably won't like that I say this but it is what it is I think the style of
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buying cars at an auction where it's a in-person auction is something that's sort of dying and I'll tell you why
18:32
because there are massive costs associated with running those auctions and I think they're fun events so don't get me wrong I don't think they're going
18:38
to go away I think people go to them not because they sell cars at a great value or you get a lot of information about
18:43
the car you're buying I think people go to them because they like doing it it's fun yeah but in terms of getting the
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best value for your dollar you're way better off in my opinion buying on a site like bring a trailer or cars and
18:55
bids where you can really evaluate the car in 300 photos walk around videos startup videos driving videos you can
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interact with the seller for multiple days you can ask questions you can pull a Carfax you can look at the history you
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can ask for the service records whereas me Barett Jackson or SBE their process is different in the sense of like you
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show up to the option and you have your sticker and you're ready to throw your number up in there and you just say yeah
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I'll buy it I won't buy it don't get me wrong I think there are really good values there and sometimes really really great cars transact there but it's super
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hit or miss in the sense of like you might overpay pay by 20 grand because some other guy sitting next to you also
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has his wife there and he wants to pay a lot of money and bring home a car and other times you'll steal something because no one else wants that car no
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one else is paying attention fine so that happens at the in-person auctions but I think the online auctions are the
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way of the future because it gives you so much more information than you could possibly get in 60 seconds yeah I think
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you're right bring a trailer is super super popular right now that's a place to go that's for sure yeah it's only
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going to get more popular because it's undeniably the best way to buy cars if you're a consumer there's no way better
19:58
way to do it because you get to see everything there's nothing you can hide on an auction like that because one you have 10,000 people in the comment
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section who will jump onto the auction if there's anything hidden and demand that it be presented you have like a
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research staff of like 10,000 people who are reviewing the listing on your behalf yeah and for some reason they have the
20:17
most exciting time ripping apart an auction even when it's not accurate right so they'll come onto an auction and they'll just like ask any question
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they can to devalue the vehicle for fun but it's great for anyone who's a potential buyer because if I answer
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those questions and I answer them accurately and you can tell that I answer them accurately you get those answers and if I can't answer them then
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you know that this is probably not a car for you yeah that's pretty accurate anyone who hasn't jumped onto those sites should definitely take a chance
20:41
look on them don't even buy them just join read the comments read the listings learn how the process works I look at
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bring a trailer every single day every morning that's for sure it's a sickness it is a sickness that's for sure Joy
20:53
let's take our final break when we come back we'll wrap things up and talk more about buying the Corvette of your dreams
20:58
it's Joey benjamini from collectible Classics with me here on Corvette
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today are you ready for a better insurance policy without the Corvette tax with agreed value protection the
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insurance.com the National Corvette restorage Society is celebrating its 50th Anniversary this year 50 years of
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restore and drive line all throughout the year joining is simple and easy just go to ncrs.org and sign up there are
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ncrs chapters all throughout the US and all around the world chances are there's a local chapter near you so join ncrs
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today at ncrs.org we come for the Corvettes we stay for the friendships
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4550 hi I'm Mark falter host the retirement income Hour podcast in Corvette Enthusiast I know when I bought
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my Z6 I was thinking two things these cars are fantastically fast and wow are
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they expensive owning a Corvette isn't just about driving fast it's about living life in the fast lane but are
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your finances keeping up on my podcast I'll make wealth management as smooth as
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podcast on Corvett Corvette today thanks once again for listening and watching watching Corvette today the show that
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talks about everything Corvette Corvette today is brought to you by wheelcraft I know you want your Corvette looking its
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best dress it up with bright Chrome or black chrome wheels visit wheelcraft decom and learn about their Advanced PVD
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chrome finishing they can refinish your wheels or do a wheel exchange and you also get a 5year warranty so visit
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wheelcraft ccom today or just give them a call 833 639-
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4231 I'm your host Steve Garrett with me is Joey Meanie from collectible Classics
24:30
we're talking about how to buy the Corvette of your dreams and buy it right Joey there's a lot of particular models
24:36
of trims for C4 C5 and C6 Generations that are consistently fetched a premium
24:41
price talk about some of those trims and the particular models you're seeing the best value with okay great question the
24:48
best value my opinion on the best value on the special trims I would take a C4 ZR1 absolutely love those cars 9495 96
24:57
are exceptionally hard to find in the ZR1 their production numbers were in like the triple digits for those years
25:02
so any of those C5 ZR1 late models with the Mercury Marine 45 horsepower engines
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oh yeah are absolute unbelievable value so if you have one or you know someone who has one lying around in their garage
25:13
give me a call please genuinely yeah I'm being serious I would love to own those so any 94 95 96 ZR1 any of the C5 z6s
25:23
any special edition C4s or c5s that are modified in any unique way or any any one-offs when I say one-offs I mean like
25:30
really really special mhm then c6s any modified C6 so there's a bunch of
25:36
performance companies that make upgraded c6s there's some pretty cool ones out there the C6 Z6 obviously C6 zr1's are
25:44
pretty pretty cool yeah the zr1's made a big comeback they didn't make a ZR1 on the c5s but the c6s they went Above and
25:50
Beyond on those Z1S so I need the low mileage Z1S one of my colleagues just sold a like Four Mile ZR1 C6 which was
25:58
pretty wild just four miles on that car he got like well over 100 grand for that car wow that's amazing so those are the
26:05
cars that the special editions want all of them call me sell me them buy them yourselves if you can find them they're
26:10
just cool cars to have I would just say anyone who's holding a car because they think it's an investment cars are for
26:15
fun they aren't for Investments no one makes money on them yeah get out and drive your Corvette yeah you know what I
26:20
mean parking in the garage is not going to make you hundreds of thousands of dollars yeah take it to the stock market
26:26
or buy real estate man but not Cars there you go even cars in a garage for 20 years does not work I can tell you
26:32
I've seen it hundreds of times are you seeing any Corvettes that are underrated or seeing a rise in value in the near
26:38
future yeah absolutely so any of the C4s and C5 based models aren't going down in value anymore like we said before and I
26:44
know I talked a lot about the special edition one so let's take a pause on those any base model low mileage C5 C4
26:50
or C6 really really clean are going to go up in value usually the manual transmissions bring a little bit more
26:56
money than the Autos but any clean low mile C4 C5 or C6 won't be going down in value and we be going up in value in the
27:02
near future there's no more down in terms of value for a car that's at 10 grand that's fun to drive yeah talk to
27:08
me about Resto mods Joey because Resto mods I've watched Barrett Jackson and those are going for crazy money hit or
27:14
miss totally hit or miss right so if you have the right one that's done nice and you have documentation on it we
27:20
absolutely love those so yes absolutely send us those or buy those yourselves or find them seek them out when they're
27:26
done right if they're a hack job they're pretty horrible so don't buy those ones gotcha I've bought too many of those
27:32
yeah yeah unfortunately right yeah talk to me about the ca generation how is that car affecting your Market well
27:39
let's talk about how it affected the market in general first so when it came out it was the hottest thing on the planet people wanted to pay two times
27:46
the MSRP on the car yep for 2 years which was absolutely nuts you thought it was going to stop happening like people
27:52
were going to stop paying two times sticker and they literally held out for 3 years people refused to sell them at
27:58
sticker for 3 years so that was absolutely crazy just in the last 12 months have they come back down towards
28:03
reality so what did they do they definitely inflated values on all the Corvettes but they brought prices back
28:10
down now right because when a CA it's selling for 120 Grand a base model right when they came out then how do you value
28:16
a C7 and a C6 right because there has to be some correlation in the sense of that they're replaceable Commodities so if
28:22
you don't have a C8 you might want a C7 or a C6 right so they're substitutes the values in c7s and c6s definitely went up
28:28
a little bit so they've definitely inflated those values I don't think they had as much of an impact on C4s and c5s
28:34
because c7s and c6s are a substitute for a C8 but I don't think anyone looking at a C8 was really going to consider a C4
28:41
or a C5 I think the C4s and c5s have continued to be a Hidden Gem because they're so far off that no one actually
28:47
considered them in terms of an alternative to their d8 that was way overpriced and now that prices have come down it affected all the c6s and c7s
28:54
right you'll see those drop off a lot in value too interesting Joy if people people want to reach out to you how can
28:59
they get a hold of you where's your social media as well okay our Instagram is collectible classic cars and we have
29:05
50,000 followers they are growing daily we post tons of great content whether it be just having fun at the office we have
29:11
a pretty unique setup it's me and my three brothers we're all really really young when I say we're really young the
29:16
youngest of us is 18 and we're just always buying cars all day long so it's a pretty fun setup and we have a 20
29:23
person team just getting those cars prepared rehabilitated ready for show or ready for sale detail team sales team
29:29
buying management team so you can find us on collectible classic cars on Instagram if you want to find Us online we're just collectible classics.com
29:36
where we have great Google reviews so check those out we have 300 fstar Google reviews and I only have one one star
29:43
review I have only one negative review and it's from a truck driver so if you are online and you decide you want to go
29:48
to our reviews page check out my negative review and report that one the truck driver wants to take my money he
29:54
didn't deliver a car he like refused to pick up the car and told me it was too far out of his way and then he demanded
29:59
payment for it anyways was absolutely wild so that's my one negative review so if you guys want to help me out and remove that one that would make me back
30:05
to 5.0 Stars you can find us on collectible classics.com collectible classic cars on Instagram we also have a
30:11
Tik Tok and outside of that you can give us a call our phone number at our office is 484 644 3810 that sounds great Joey
30:21
thank you so much for being on Corvette today this has been so much fun talking to you thank you I appreciate it Steve
30:26
it was a blast thanks again for listening and watching Corvette today and be sure to tell your family friends
30:31
and other Corvette enthusiasts about the Corvette Today Show and thanks to our sponsors wheelcraft want to dress up
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J thanks again for listening and watching Corvette today [Music]