Notices
C6 Corvette ZR1 & Z06 General info about GM’s Corvette Supercar, LS9 Corvette Technical Info, Performance Upgrades, Suspension Setup for Street or Track
Sponsored by:
Sponsored by: Kraken

[Z06] C6 Z's and depreciation

Thread Tools
 
Search this Thread
 
Old 09-16-2016, 07:06 PM
  #41  
furiousox
Pro
 
furiousox's Avatar
 
Member Since: Jun 2008
Location: Los Angeles California
Posts: 678
Received 31 Likes on 30 Posts

Default

Sigh every time I want to sell the c6z for something else I just can't get over a 7.0 liter naturally aspirated V8 that revs to 7000rpm in a 3,1xx lbs package

Leasing a new Stingray despite the bad money factor actually makes more sense to me due to more tax write off advantages...but I just love the damn c6 z06 lol

If I wanted a car that holds its value or even appreciates I would have picked up a nice 996 / 997 turbo a year ago
Old 09-16-2016, 08:03 PM
  #42  
Unreal
Team Owner
 
Unreal's Avatar
 
Member Since: Nov 2007
Location: Gilbert AZ
Posts: 24,035
Received 2,313 Likes on 1,793 Posts

Default

Friend paid $28k for a very nice 2LZ silver 2006. ~30k miles. Another buddy just grabbed one for $31k.

$40k better be a 09-10 with very low miles and loaded out.
Old 09-16-2016, 08:16 PM
  #43  
TwoSmoke
Team Owner
 
TwoSmoke's Avatar
 
Member Since: May 2010
Location: Sugarcane town Florida
Posts: 20,596
Received 126 Likes on 78 Posts

Default

Originally Posted by SlowCorvette
Those 35k & below cars are higher miles/undesirable colors.
Comparing a non Z C7 to the C6Z =

Stop using high mile cars as examples for all cars. I've been offered north of $40k for my C6Z several times FYI.

Enjoy your C7
I'm getting a C6Z or a C6 GS. There are plenty of desirable cars in all colors for me to choose from that are under 35 grand.

All I'm saying is that a person who is going to spend north of 40 grand is more than likely going to look for a newer car. Not everyone wants the highest performing corvette available. A 460 horse C7 is a nice car.

But I'll be happy with the C6Z or GS and I know I'll find one under 35 grand that I'll be happy with.

Enjoy your C6Z........it's an incredible car!
Old 09-16-2016, 08:21 PM
  #44  
furiousox
Pro
 
furiousox's Avatar
 
Member Since: Jun 2008
Location: Los Angeles California
Posts: 678
Received 31 Likes on 30 Posts

Default

Originally Posted by Unreal
Friend paid $28k for a very nice 2LZ silver 2006. ~30k miles. Another buddy just grabbed one for $31k.

$40k better be a 09-10 with very low miles and loaded out.
That is insane, I never came across pricing like that in southern California, wish I did

I for one don't care much about how much value my car can hold as I drive all my cars but at the same time I wouldn't have minded paying $10k less for my 07z
Old 09-16-2016, 10:48 PM
  #45  
Unreal
Team Owner
 
Unreal's Avatar
 
Member Since: Nov 2007
Location: Gilbert AZ
Posts: 24,035
Received 2,313 Likes on 1,793 Posts

Default

Prices are coming down, like always. People are looking at asking prices, thinking that is what they are selling for, but they continue to go down.
Old 09-17-2016, 11:53 AM
  #46  
Dan_the_C5_Man
Le Mans Master
 
Dan_the_C5_Man's Avatar
 
Member Since: Dec 2003
Location: Atlanta metro Ga.
Posts: 5,561
Received 444 Likes on 326 Posts

Default

Originally Posted by MTPZ06
zr1
And a CE, and a Z07, and anything 09' or newer..

Last edited by Dan_the_C5_Man; 09-17-2016 at 11:55 AM.
The following users liked this post:
MTPZ06 (09-19-2016)
Old 09-17-2016, 01:03 PM
  #47  
SLOWRYDE
Burning Brakes
 
SLOWRYDE's Avatar
 
Member Since: Feb 2006
Location: Stafford Virginia
Posts: 982
Received 362 Likes on 254 Posts

Default

I bought my 08Z06 to drive. I wanted one since it debuted and just had to wait till the kids grew up before I bought one.

Its a drivers car and that's what I love to do with it. The price was less of a concern to me than the other attributes that attract most of us to this generations Z model. The cars lines, wide hips, slippery look, fantastic handling, glorious '427' with gobs of torque down low and power throughout the curve, light weight, retro details and all around 'bad ***' feel of the car makes it worth every cent I paid. I couldn't care less if I woke up tomorrow and they were selling for $1000.00. Mines not for sale and won't be. I'll let my investment accounts earn me money and let the Z do what it was made for...
The following 5 users liked this post by SLOWRYDE:
bambihunter (09-26-2016), DPW_ (09-17-2016), IMXCITD (10-07-2016), Landru (09-18-2016), Move_Over (09-26-2016)
Old 09-17-2016, 05:00 PM
  #48  
loflite
Drifting
 
loflite's Avatar
 
Member Since: Feb 2001
Location: new ulm mn
Posts: 1,497
Received 55 Likes on 28 Posts

Default

Originally Posted by SLOWRYDE
I bought my 08Z06 to drive. I wanted one since it debuted and just had to wait till the kids grew up before I bought one.

Its a drivers car and that's what I love to do with it. The price was less of a concern to me than the other attributes that attract most of us to this generations Z model. The cars lines, wide hips, slippery look, fantastic handling, glorious '427' with gobs of torque down low and power throughout the curve, light weight, retro details and all around 'bad ***' feel of the car makes it worth every cent I paid. I couldn't care less if I woke up tomorrow and they were selling for $1000.00. Mines not for sale and won't be. I'll let my investment accounts earn me money and let the Z do what it was made for...
What he said!!
Old 09-17-2016, 11:20 PM
  #49  
sam90lx
Le Mans Master
 
sam90lx's Avatar
 
Member Since: May 2010
Location: Ventura CA
Posts: 7,775
Received 172 Likes on 138 Posts

Default

Originally Posted by TorchRedDriver
Looks to me like the C7 GS has impacted C6 prices, causing them to drop further.

There are a ton of C6Z and C6 GS cars on the market right now.

It's very easy to find one 35 thousand dollars and less.

I really don't see why anyone would pay over 40 grand for any C6 now since new C7 cars are around 50.

I saw a 07 C6Z go for 23,900 with 106,000 miles recently.

There is a 2012 Grand Sport 3lt with 98,000 miles in Texas right now for 28,900.

The C6 is an old car now. Prices are coming down.
I don't care if C7's were 30k, they still look like ***.
Old 09-18-2016, 03:08 AM
  #50  
homerandabe69
Intermediate
 
homerandabe69's Avatar
 
Member Since: Aug 2016
Posts: 27
Received 1 Like on 1 Post
Default

Originally Posted by furiousox
That is insane, I never came across pricing like that in southern California, wish I did

I for one don't care much about how much value my car can hold as I drive all my cars but at the same time I wouldn't have minded paying $10k less for my 07z
Just bought my 07 for $35k with 48k miles in Southern California. This was one of the cheapest ones i could find in a 100 mile radius. There was one at a dealership with almost 200k miles for less than $20k but it sold almost immediately.
Old 09-18-2016, 11:48 AM
  #51  
Dan_the_C5_Man
Le Mans Master
 
Dan_the_C5_Man's Avatar
 
Member Since: Dec 2003
Location: Atlanta metro Ga.
Posts: 5,561
Received 444 Likes on 326 Posts

Default

Originally Posted by sam90lx
I don't care if C7's were 30k, they still look like ***.
The following users liked this post:
bambihunter (09-26-2016)
Old 09-18-2016, 05:07 PM
  #52  
LMB-Z
Le Mans Master
 
LMB-Z's Avatar
 
Member Since: Jan 2006
Location: Texarkana Texas
Posts: 6,627
Received 441 Likes on 395 Posts

Default

I'm not going to get into an internet argument over car prices. I'll just say this....I have an 06 Z. I will not sell it for less than $40k . And right now, its not for sale. On another note, I think if I tried to sell it, my sons would disown me....lol.
Old 09-19-2016, 10:19 AM
  #53  
dr_whigham
Pro
 
dr_whigham's Avatar
 
Member Since: Oct 2013
Location: Lafayette Louisiana
Posts: 666
Received 11 Likes on 10 Posts
Default

This is funny... I have an 09 CG Z06, 39k miles and listed it on CL just for the hell of it at 39k. Not a SINGLE call, text, or email.

Better TR6060 transmission and all, nano-coated, brand new rear tires... and not a single bite. Oh well. For me, I wouldn't TOUCH an 06-08 and the C7 is just too damn electronic for my taste.

To each their own I guess.

Last edited by dr_whigham; 09-19-2016 at 10:20 AM.
Old 09-19-2016, 11:00 AM
  #54  
fueledpassion
Burning Brakes
 
fueledpassion's Avatar
 
Member Since: Apr 2013
Posts: 772
Received 69 Likes on 49 Posts
Default

Originally Posted by TorchRedDriver
Looks to me like the C7 GS has impacted C6 prices, causing them to drop further.

There are a ton of C6Z and C6 GS cars on the market right now.

It's very easy to find one 35 thousand dollars and less.

I really don't see why anyone would pay over 40 grand for any C6 now since new C7 cars are around 50.

I saw a 07 C6Z go for 23,900 with 106,000 miles recently.

There is a 2012 Grand Sport 3lt with 98,000 miles in Texas right now for 28,900.

The C6 is an old car now. Prices are coming down.
I wouldn't disagree there. I don't think things would change for a C6Z until the mid-engine Corvette comes out. I just don't think the C7 has a solid identity. That has always been the issue with that car. Is it raw performance? Is it luxury? Is it trying to re-define what Corvette is? Or was it a terrible attempt to stay technologically relevant while also attempting to keep the traditional aspects of a Corvette?

I dunno. The C6Z doesn't have an identity crisis like much of the Euro performance cars do. It's raw. It's NA. It's a track car in spirit and in the flesh. But most importantly, it is the best version of the iconic shape and styling that Corvettes were known for.

If the new C8 looks a lot like the C7, but also has a mid-engine setup - presumably bolstering its performance significantly...what value then does the C7 have? It just seems the C7 will have an identity crisis when the C8 comes around. I feel like the C7 will be a lot like the C4 - the styling was not timeless. The performance was not any better than the previous generation and it certainly didn't match the C5 performance and styling. There simply was nothing that it offered that its ancestors and predecessor couldn't offer better. That's how I personally feel about the C7 Corvette.

The interior of the C7 was in fact an improvement but all of that was at a little cost to weight. Apparently, this weight issue is significant in the C7Z though the supercharger probably accounts for half the difference.

Last edited by fueledpassion; 09-19-2016 at 11:08 AM.
Old 09-19-2016, 11:14 AM
  #55  
MUKAK
Race Director
 
MUKAK's Avatar
 
Member Since: Nov 2003
Location: Menifee CA
Posts: 11,034
Received 34 Likes on 34 Posts

Default

Originally Posted by dr_whigham
This is funny... I have an 09 CG Z06, 39k miles and listed it on CL just for the hell of it at 39k. Not a SINGLE call, text, or email.

Better TR6060 transmission and all, nano-coated, brand new rear tires... and not a single bite. Oh well. For me, I wouldn't TOUCH an 06-08 and the C7 is just too damn electronic for my taste.

To each their own I guess.
its not funny... just bad timing for you.. winter is around the corner and Vettes are known not to sell during winter months.. unless u in CA

and please tell me why you wouldnt touch 06-08Z? dont tell me cuzz of the Tr6060 and better wheels hubs
Old 09-19-2016, 01:41 PM
  #56  
dr_whigham
Pro
 
dr_whigham's Avatar
 
Member Since: Oct 2013
Location: Lafayette Louisiana
Posts: 666
Received 11 Likes on 10 Posts
Default

Originally Posted by MUKAK
its not funny... just bad timing for you.. winter is around the corner and Vettes are known not to sell during winter months.. unless u in CA

and please tell me why you wouldnt touch 06-08Z? dont tell me cuzz of the Tr6060 and better wheels hubs
The TR6060 matters to me.

I didn't post it to sell it. I just posted it to see "what would happen" and get a read on the market locally. And here... We don't really get winter. Ever

Last edited by dr_whigham; 09-19-2016 at 01:42 PM.
Old 09-19-2016, 02:03 PM
  #57  
MickVette
Burning Brakes
 
MickVette's Avatar
 
Member Since: Mar 2011
Location: Tampa FL
Posts: 1,078
Received 188 Likes on 138 Posts
St. Jude Donor '13

Default

I can kind of relate to this topic. I was comparing the C7 Z51 to the C6 Z06 this spring trying to decide if I wanted either or to keep my C5. I guess it comes down to your goals with the vehicle. My primary goal was engine performance N/A, aftermarket support, power potential and ability to maintain some sort of retail value down the road. I chose the C6 Z06 for those reasons, and decided to take the hit on my C5 - huge list of new parts that didn't help the overall value much since it was not a Z06.

I felt if history repeats itself the C6 Z06 will have a slower depreciation rate than a C7 Z51 but that is just a guess. The C6 Z06 is a car I can really get into and enjoy modified. The car I bought was already modified but a bit more tweaking and tuning really woke this thing up into beast mode. After more tweaking and tuning I'm finally getting close to 30 mpg on the freeway and no compromise to the performance at WOT.

I did like the C7 Z51's electronics, front end looks and overall feel better, but that wasn't high on my list of importance. I must also mention that at the time a 20K miles 2015 Z51 was going for $57,000 and a 36k miles non-modified 2009 C6 Z06 for $38,000. I bought a 26,000 miles, modded (heads, cam intake, Kooks headers...list of good parts), 2009 Z06 for $42,000. How do the prices compare today? I don't know as I'm happy with the car I chose for the goals I have for a car. I guess I could look into that.

Last edited by MickVette; 09-19-2016 at 02:07 PM.

Get notified of new replies

To C6 Z's and depreciation

Old 09-19-2016, 02:04 PM
  #58  
95rtturbo
Drifting
 
95rtturbo's Avatar
 
Member Since: Nov 2011
Location: Chesterfield (St. Louis) MO
Posts: 1,377
Received 40 Likes on 34 Posts

Default

Originally Posted by dr_whigham
The TR6060 matters to me.

I didn't post it to sell it. I just posted it to see "what would happen" and get a read on the market locally. And here... We don't really get winter. Ever
The 08Zs had the TR6060 as well. I should know, I have one.

Last edited by 95rtturbo; 09-19-2016 at 02:04 PM.
Old 09-19-2016, 02:14 PM
  #59  
SLOWRYDE
Burning Brakes
 
SLOWRYDE's Avatar
 
Member Since: Feb 2006
Location: Stafford Virginia
Posts: 982
Received 362 Likes on 254 Posts

Default

Originally Posted by 95rtturbo
The 08Zs had the TR6060 as well. I should know, I have one.
I was thinking the same thing. I have an 08 also
Old 09-26-2016, 12:10 PM
  #60  
bambihunter
Advanced
 
bambihunter's Avatar
 
Member Since: Sep 2013
Location: Lanesville Indiana
Posts: 99
Received 9 Likes on 6 Posts

Default

Originally Posted by Mr. Gizmo
I think the c6 z's will stabilize at 32 to 45k. Depending on year condition mileage.

I bought mine new sticker 80k. Picked it up with 17 miles for 60k. It's a 2009 bought in fall of 2009. I have been going back and forth on the c7 z. I can easily afford it but it just doesn't appeal to me like me c6 z did when I first saw it and still does.

If you get hung up on depreciation check out how much a BMW m5 from 2009 has depreciated. And BMW wouldn't discount much on those.
Corvettes aren't so bad.
I'm with you. My 2007 Z06 at 41,000 miles, heads redone at 36,000 miles....dynoed at 444HP at the rear wheels...I love driving this car. I wouldn't sell it; and damned sure don't want a C7 until hell gets crusty.

Bambihunter


Quick Reply: [Z06] C6 Z's and depreciation



All times are GMT -4. The time now is 08:26 PM.