The Neighbourhood Mechanic: Is it collectable?

What makes your car collectable? Is it a worthwhile investment to keep your ride on the road 30 years? Now that spring is just around the corner a lot of us in the car world are looking forward to getting our toys out for that first spring run. A question that is often asked, “What's my ride worth?” The truth is your ride is worth what someone will give you for it. What makes your car valuable is that more than one person wants it and they're willing to step up and own it. To become a classic a vehicle should have pedigree, exclusivity and quite frankly gives you a kick. Simple rules to live by: convertibles are worth more than sedans, two door coupes rule if you plan to use your classic, Italian cars look great; but, are really hard to live with. Remember, don't buy something that owns you.

Q. I would like to ask you two questions: 1. Is a Chevy Cobalt SS 2.0L Supercharged 2005 collectible? (It was produced only three years in reduced numbers). And 2. Are the holes in the frame (silicon caped) made by Krown for deeper penetration (for rust control) depreciating the value of my car?

A. Although the SS is a nice car it's just not exotic enough to become a classic. What drives today's rush to muscle cars is three fold. Boomers are buying the cars they couldn't afford in their youth and can afford now. Secondly, as long as interest rates are low, people will invest in goods in order to protect any wealth they accumulated. Cheap money affords the vehicle plus the lack of interest rates offered as investments fuels this process. There are established aftermarket support companies manufacturing parts and keeping the interest alive in these vehicles, none of this exists for your car. Krown's holes will actually increase the value of the vehicle in the used car market. People respect the process cause it works.