clearwaterms

afterdrive (a show on the Drive channel on youtube) posted a video that they talk about the top cars you can buy for 35k today that cost $70k new. The first one they mention is the C6 z06. They are predicting in the next year you will find be able to find z06s for around 35k.

The prediction is that as the c7 will continue to drive down prices on the c6 with the release of the c7 z06 in the near future, people will be looking to upgrade. The question that I have is that if z06's start going for even 40k, what will happen to base c6s?

64drvr

You should visit the for sale forum, autotrader, etc.

Plenty of c6z's in the mid-low 30's.
you can find a lower mileage 2009 c6z in the mid-low 40's now

RJRSW

Pretty much all vettes that are still in nice condition with fairly low miles go for around 50% of the original window sticker at 4-5 years old. The more expensive the car the bigger the loss.

The base cars will loose less because they cost less in the first place. A good example are the crazy low mile pristine ZR1's that are now selling for 55.000 under the original sticker which means they lost more in value than the base car stickered for in the same model year. So anything the base car would sell for more then $0 would be dollars ahead.

for example:

80,000 car will be around 40,000 = 40k loss
60,000 car will be around 30,000 = 30k loss

I think that Z06's will be hit harder that the base cars because the 2015 Z will not only be more similar to the ZR1 than the C6 Z06 but will be available in both coupe and convert and manual and automatic.

SlothX311

I've been combing through all the usual sites daily. There are plenty of C6's in the low to mid 20s.

I have seen a few Zs in the mid-low 30's but not as plentiful.

jedblanks

Maybe short term, but someday the 427 is going to be worth a lot of $$$. At least the ones that don't have holes in the block/piston from dropped valves.

clearwaterms

you should never buy a car as an investment. Even the cars that are worth a fortune today would not have been considered a good investment if you look at other ways you could have invested money over the years.

I have not spent a lot of time looking at classified ads, but it appears that clean 2002-2004 C5s go for high teens. Alot of people think that is about the floor for those cars that the prices at this point are mostly based on condition. What do people think the "floor" for base c6s will end up being?

Huskerman

I try to encourage folks to buy new Corvettes......and take good care of them and not drive them much....so then I can buy them for half price.....and think I got a hell of a deal......

Conv_GSDriver

Friend of mine just bought an 08 C6Z 3LZ for 39k with 21k miles. Not a bad deal.

clearwaterms

A 2008 C6Z new was around $70k

A 2008 C6 coupe new was ~$50k (depending on options)

If the rate of depreciation is about the same, does that mean you could likely find a c6 coupe for around $28. You don't see too many 08+ coupes for less than 30k. I know that alot of people wait for the first model of a new vette to work out the bugs, so I wonder if that means that this winter we will see 08+ coupes in the 25~28 range with the low mileage examples closer to $32 ~ $35.

cclive

You can do this on a two or three year old BMW or Mercedes easily. A C6 has to be older to get it done.

clearwaterms

do what?

The original question was as the c7 has come out, and the c7z will be out shortly, will it drive the c6 prices down quicker? If so, will the c6 hit a floor like the c5 has? If so, will it be above the c5?

I think most agree that the c6 is superior to the c5, the c5 was more iconic. The c6 was a refresh of the c5, compared to the c7 being a totally new car (like the c5 was when it replaced the c4)

23/C8Z

Ford GT my friend.... look it up. prices climbing every year for a two year run car in this era. some times they hit the nail right on the head.. you would have made out had you bought one of them lol.. That car will be $500,000 in 5-7yrs or so.

RJRSW

I cannot think of anything that is now part of the C7 that couldn't have been introduced on and during the C6's run on the C6. To me the C7 is just as much of a refresh of the C6 as the C6 was of the C5.

Take a look back at the extensive changes that occurred during both the C3 and C4 era. The changes during both of those generations from the first to the last of them was every bit as great as the changes of the C6 to the C7.

I have owned vettes from all of the first 6 generations and believe me drastic change doesn't always equate with better. When the C2's came out they were a drastic change and having owned 3 of them brand new that included a 63 split window (my least favorite vette of the 25 I have owned), a 64 convert and a 67 AC coupe I can tell you they were not better. Of all the vettes that I have owned the C2's were the most disappointing and there is a reason why that generation run was short and so quickly replaced with the C3.

LFZ

Actually a 2008 Z06 brand new was about $78k. on average. Some past $80k for 3LZ with chrome..

cclive

Cut in half from the new price to the used price...title of the thread.

clearwaterms

the exception, not the rule...

Freedmilk

You have to add in inflation and people holding on to cars longer. It looks like 5-6 yrs for base C6 with nice options to depreciate to half its value. It may be 6-7yrs for a C7 with decent option and trim to to depreciate to half (unless it a 1LT M6) Will C7 affect C6 prices not at all IMO. The generation years are too long.