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1990 Chevrolet 1500 Pickup 454 SS with only 7 original miles

4311 Views 4 Replies 4 Participants Last post by  nvestysly
Back in the day I used to drool over these trucks, and I still do.

from the article:
HARD to find 1990 Chevrolet 1500 454SS and what makes this one "One of a Kind" is that it has 7 ACTUAL MILES! Yes this is not a typo, 7 miles! The story of this truck is this truck was bought NEW at this very dealership when it was Pete Gunn Chevrolet and under a different Owner. If you look at the Original window sticker you will see the address is the very same. The gentleman bought 2 and this one has spent its entire life in a garage under a car cover. So this truck is ONE OWNER!!!! It has been checked from front to back and is literally in NEW CONDITION! It still has the original plastic on the seats.

43 pictures and full article

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That certainly is an interesting truck. I searched Barrett-Jackson and I found several 1990 SS 454 trucks that have sold in the past 5 years or so. Most of them for less money, but they sold a year or more ago and even though they were low miles they had been driven and had hundreds if not few thousand miles. Nothing like this that had barely been taken of the delivery truck and put up in storage.

It's hard to imagine who would buy it. Maybe a museum as indicated above - here are two that come to mind:
In between making phone calls and getting other things done this morning I just keep thinking about the truck. Yes, it's really cool and I like the idea of seeing it in a museum somewhere. So I came across a web site for these trucks and see they were produced from 1990 - 1993.

Here's a sample window sticker from a 1990 model:

Text Font Parallel

That means the $18,845 originally paid for the truck has grown to $49,500 - assuming the seller is able to find somebody to "buy it now." Let's think of this as a bank certificate of deposit - $18,845 growing for 25 years to $49,500 is an approximate annual interest rate of just under 4% if my calculations are correct. That doesn't sound too bad - it's certainly better than putting your money under the mattress.

But compare that to the money you would have made in the stock market if you simply put the $18,845 in an S&P 500 index fund. Over the same 25 year period the S&P 500 grew at just over 7% annually. So 4% versus 7% - that sounds pretty substantial but what does it mean in dollars? The same $18,845 would have grown to over $118,500! Not too shabby!

I know this is the GM Truck Club forum and not the financial forum but I just couldn't get this out of my head this morning. As much as I like all things automotive I think I'll stick to making my long-term investments in other arenas.

Gotta say though... that's one cool truck!
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