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Depreciation now that 2015's are out?

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Old 10-24-2014, 12:01 PM
  #21  
Hdhuntr01
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I too would like to see listings of 2014 C7's that are priced below $50K. So far I have not seen a single one in that range. I still see plenty of 2014's priced in the mid 60's and a few in the upper 50's. Many can say that the prices have dropped drastically but let's see some PROOF!
Old 10-24-2014, 12:05 PM
  #22  
WKMCD
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Those of us that staged our cars before the price increases are in a good place. After March 3rd, the '14 Z51 increased by about $4k.

I've never worried about depreciation on any car I've ever owned. I never even consider resale value. I keep cars until I'm bored and then move on. That being said, I intend to take the C7 into retirement with me in a couple years.
Old 10-24-2014, 12:05 PM
  #23  
tunaman
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Biggest hit on depreciation always comes before the ink is dry. From that point it is typically a fairly even slope downward.

Your target numbers are reasonable... Just keep saving up so that you are ready when you make the decision to purchase - you will not be disappointed!
Old 10-24-2014, 12:20 PM
  #24  
thrilled
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Originally Posted by RedC7AZ
I'd have to disagree. A loaded low miles 2010 is not worth near the same as a stripped low miles used 2014 1LT C7.

KBB on a loaded 2010 GS Coupe with low miles is $37k+/-
KBB on a stripped 2014 1LT Coupe with low miles is $53k-+/-

KBB is probably a bit high on both, and they don't always factor true supply/demand accurately.

There may be a few 2010's "for sale" with an asking price near the price of a C7, but they won't sell for that.
The 2014 1LT used no options with let's say 3,000-4,000 miles really
$53,000 .kerbeck selling new for $50,000 with gm supplier discount maybe
$46,000 so your saying used is more money than A new one.
Ok if you say so.
Old 10-24-2014, 12:29 PM
  #25  
RedC7AZ
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Originally Posted by thrilled
The 2014 1LT used no options with let's say 3,000-4,000 miles really
$53,000 .kerbeck selling new for $50,000 with gm supplier discount maybe
$46,000 so your saying used is more money than A new one.
Ok if you say so.
...and a 2010 GS isn't going to sell for $37k either. Demand for C6s sunk a bit when the C7 was released.

Again, the KBB is high on both. However, KBB shows the difference between the 2 cars, regardless of actual selling price, at $16k. Seems about right since the 2010 has depreciated for a whopping 4 additional years.

Loaded cars usually have a faster rate of depreciation off MSRP too. So, a "loaded" GS isn't going to retain as much of it's value as a moderately equipped one. Meaning, a loaded $65k MSRP GS is not worth too much more than a $60k MSRP "moderately" equipped one, right now.

KBB is way off? OK if you say so.

Even, $46k is still 25% higher than $37, right?

Last edited by RedC7AZ; 10-24-2014 at 12:51 PM.
Old 10-24-2014, 12:41 PM
  #26  
R&L's C6
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Originally Posted by Daekwan06
I could only wish that you were right. As a person who wants a C7.. but is in no rush to trade the C6 I barely drive for one.. Exactly where are these heavy depreciations? Or are you looking into some magic crystal ball that shows made up numbers.

Can anyone even show me a link for ANY used C7 that is priced below the $50k mark? Remember this is car that was selling for $52k brand new!!
If you cant find a five year old C6 at about 50% of it's original sticker price you ain't looking very hard.....
Old 10-24-2014, 01:06 PM
  #27  
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Originally Posted by RedC7AZ
...and a 2010 GS isn't going to sell for $37k either. Demand for C6s sunk a bit when the C7 was released.

Again, the KBB is high on both. However, KBB shows the difference between the 2 cars, regardless of actual selling price, at $16k. Seems about right since the 2010 has depreciated for a whopping 4 additional years.

Loaded cars usually have a faster rate of depreciation off MSRP too. So, a "loaded" GS isn't going to retain as much of it's value as a moderately equipped one. Meaning, a loaded $65k MSRP GS is not worth too much more than a $60k MSRP "moderately" equipped one, right now.

KBB is way off? OK if you say so.

Even, $46k is still 25% higher than $37, right?
How about A fully equipped 2012 with low miles?
Old 10-24-2014, 01:39 PM
  #28  
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Default Beg to differ

Originally Posted by ssidekickbp
My 2014 I bought to keep.

I have zero issues so your first year comment is BS. I think about 95% of 14 owners will agree with me.

This car is the best Corvette I have ever owned and I don't think about depreciation at all. I'm getting my money's worth everyday with this beautiful car and had it while it was the hottest thing out. People taking pictures and thumbs up everywhere. So many people asking about it and starting conversations just because they are interested in the new Corvette.


And the way it drives.......that alone has made everyday I have used it, that much more enjoyable.
Just do an Internet search for crankshaft end play issues, and Z51 oil ingestion problems, well as engine vibration at idle, and The list go's on. I currently own 14 Z51 that's been out of service for 25 days now. problems documented by factory with no solutions. If you own a z51 it will suffer the same problems. Just look up car and driver article with their long term test car eating a motor at 6000 miles. This is the 8th vette I've owned over the years and sadly the worst. If you don't use your car as a daily driver you may not see these problems , but for the daily driver the new LT1 is without doubt the worst small block Chevy to date. I wish you luck with yours, and for those thinking buying one you may want to research my problems list before dropping 70k.
Old 10-24-2014, 02:06 PM
  #29  
trumanjd1
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Default Resale prices

I recently sold my 2014 2LT BACK TO DEALER FOR $54K...TRADED it in early for a 2015 Z51 2LT which I wont see until end of December...and already miss it!!. Hard a tough time getting anything higher than the 54k. Had 4500 miles.
Old 10-24-2014, 02:47 PM
  #30  
RedC7AZ
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Originally Posted by thrilled
How about A fully equipped 2012 with low miles?
Which year C6 GS do you own? It's usually the C6 owners arguing for higher values on the C6.
Old 10-24-2014, 02:49 PM
  #31  
RedC7AZ
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Originally Posted by trumanjd1
I recently sold my 2014 2LT BACK TO DEALER FOR $54K...TRADED it in early for a 2015 Z51 2LT which I wont see until end of December...and already miss it!!. Hard a tough time getting anything higher than the 54k. Had 4500 miles.
You "traded it in" to the dealer, correct? People never get what they want on a trade in.
Old 10-24-2014, 02:55 PM
  #32  
Daekwan06
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Originally Posted by R&L's C6
If you cant find a five year old C6 at about 50% of it's original sticker price you ain't looking very hard.....
Thats not what I asked.

Please show me a single example of ANY used C7 selling below $50,000.

Shouldnt be that hard to do. This is a car that started at $52,000 new.. and has been on the streets for 16 months.

And one that YOU claim will be selling for 50% of its value after 60 months.
Old 10-24-2014, 03:31 PM
  #33  
thrilled
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Originally Posted by ebbiv
Just do an Internet search for crankshaft end play issues, and Z51 oil ingestion problems, well as engine vibration at idle, and The list go's on. I currently own 14 Z51 that's been out of service for 25 days now. problems documented by factory with no solutions. If you own a z51 it will suffer the same problems. Just look up car and driver article with their long term test car eating a motor at 6000 miles. This is the 8th vette I've owned over the years and sadly the worst. If you don't use your car as a daily driver you may not see these problems , but for the daily driver the new LT1 is without doubt the worst small block Chevy to date. I wish you luck with yours, and for those thinking buying one you may want to research my problems list before dropping 70k.
Kind of makes me feel A little better that I didn't get the Z51.
I just got the 1LT no options.So far so good.I do have A little rough idle
But I'm hoping that's because the cam might be A little stronger.I can hope.I drive it daily.Keeping my fingers crossed. Good luck to Ya.
Old 10-24-2014, 03:51 PM
  #34  
Mike Mercury
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Originally Posted by Kaine
DO NOT....worry about depreciation on these vehicles...ever!
wise words IMO.
Old 10-24-2014, 03:59 PM
  #35  
Slappy3243
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Originally Posted by ebbiv
Just do an Internet search for crankshaft end play issues, and Z51 oil ingestion problems, well as engine vibration at idle, and The list go's on. I currently own 14 Z51 that's been out of service for 25 days now. problems documented by factory with no solutions. If you own a z51 it will suffer the same problems. Just look up car and driver article with their long term test car eating a motor at 6000 miles. This is the 8th vette I've owned over the years and sadly the worst. If you don't use your car as a daily driver you may not see these problems , but for the daily driver the new LT1 is without doubt the worst small block Chevy to date. I wish you luck with yours, and for those thinking buying one you may want to research my problems list before dropping 70k.
I own a Z51 and don't have these problems . It's daily driven with over 11,000 miles now. My engine didn't explode either.
Old 10-24-2014, 04:49 PM
  #36  
DALE#3
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[QUOTE=RedC7AZ;1588110677
5 year old C6s are not selling anywhere near the price of used 1 year old 2014 C7s.[/QUOTE]

REALLY?
Old 10-24-2014, 05:14 PM
  #37  
R&L's C6
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Originally Posted by Daekwan06
Thats not what I asked.

Please show me a single example of ANY used C7 selling below $50,000.

Shouldnt be that hard to do. This is a car that started at $52,000 new.. and has been on the streets for 16 months.

And one that YOU claim will be selling for 50% of its value after 60 months.
A five year old C7 will be selling at about 50% of what it's sticker price was, just wait and see.

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Old 10-24-2014, 05:51 PM
  #38  
ebbiv
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Default Lt1

Originally Posted by thrilled
Kind of makes me feel A little better that I didn't get the Z51.
I just got the 1LT no options.So far so good.I do have A little rough idle
But I'm hoping that's because the cam might be A little stronger.I can hope.I drive it daily.Keeping my fingers crossed. Good luck to Ya.
Base car has standard oil pan configuration, so you will not experience the oil ingestion issue. Rough idle is more like a shake, not to be confused with a cam lope. Put car in neutral and let it idle down when warmed up. if you see the rearview mirror shaking, and with hood up you can see motor visibly shaking then i'd be concerned.

GM is sending engineer down to inspect my car on Tuesday. Mechanic that worked on my car has years of experience with the vettes, and was the one that found the crank to be out of spec. Sadly dealer is telling me only an engineer can make that assessment?? So if the engineer is going to inspect to attempt to refute a certified vette mechanics claim, how much faith should we have in GM's service practices? I was also asked why i took the car to 3 different dealers and i simply stated the first two could not address the issue. Fact is in Florida a car is an automatic lemon after 30 days of down time, and that is rapidly approaching. I think they fear they will have to buy it back, and since my research has revealed several cases of crankshaft tolerance issues, another recall is all they'll need. Can you imagine if they have to recall all LT1 motors for manufacturing defects? Bring back the old LT5 of the original ZR1. Now that was a motor.

If your a GM fan just look to the past, and you'll see they kill off any quality product they ever built (Buick Grand National, Caprice based impala SS, LT5 Vette, ect..), and replace it with half-assed junk, and use us as the test mules.

Sadly I traded my 2014 3000 mile ZL1 Camaro for this thing, and as much as they try to compare the vette to it, i'm sorry to say 580 Supercharged Horse is terribly missed and regardless of what you read it stomps the 460 Horse Vette.

Best of luck, and I hope your one of the lucky owners with no problems.
Old 10-24-2014, 06:03 PM
  #39  
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Originally Posted by ebbiv
Base car has standard oil pan configuration, so you will not experience the oil ingestion issue.
So your saying the construction of the main bearing caps are part of the Sump system of the z51
Old 10-24-2014, 06:30 PM
  #40  
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Originally Posted by DALE#3
So your saying the construction of the main bearing caps are part of the Sump system of the z51
The problem is the Z51 uses an oil tank, so the oil is held in the tank instead of an oil pan as used on the base car. The vent line from the tank is routed into the air intake tract, and under hard acceleration the vacuum created causes the vent line to burp oil into the air intake. The base car doesnt have this problem as there is no oil tank, and therefore no vent line. They did this with the Z51 for emmissions reasons, in an off road car, or race car per say, the vent is routed to a canister to catch any oil, and prevent its entry into the air induction tract.

I could easily buy one and solve the problem, but why should I have to spend money on aftermarket non emmissions certified parts on a 70K car. I cant wait to see how the new ZO6 fairs, as it uses a basically beefed up version of the same motor. Add a supercharger and boost to the equation, and you'll see a real mess occur.


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