C2 vs C7
Melting Slicks
Joined: Oct 2006
Posts: 2,366
Likes: 105
From: Flower Mound TX
I would put a C7 next to the 64 in the garage in a heartbeat if I didn't have 2 kids looking at college, etc. It really would be the best of both worlds. I drive the 64 every chance I get, but the hp the new cars are producing is quite astounding.
Le Mans Master
Joined: Mar 2010
Posts: 6,501
Likes: 1,938
From: The Golden Triangle, Florida
2024 C2 of the Year Finalist - Unmodified
2023 C2 of the Year Finalist - Unmodified
St. Jude Donor '20 thru '25
I paid so much for my '67 that it would be tough to get all of my money back. HOWEVER . . . it was the car I wanted all my life but had to wait until a point in my life where I could afford it without jeopardizing family finances and retirement. In all likelihood, I will never sell it so it doesn't matter to me.
In 2014, my wife bought a fully-optioned 2012 Grand Sport with 1,900 miles. The original sticker reads $75,000. She paid $54,000. She bought it from a dealer so the original owner probably ended up with somewhere around $50,000 or less when he sold it to the dealer. That's a $25,000 drop in just 2 years so you can see where it's headed value-wise.
Neither one of these cars are investments. For most of us, our cars are toys and recreation. In monetary terms, the return on your investment with either of these cars is not cash but the enjoyment of ownership. For me, when I look at and drive my cars, I never think of money.
BTW, I just turned 70, so the value of my cars 10 years from now is kind of a moot point to me
.-- Steve
Melting Slicks
Joined: Oct 2011
Posts: 2,748
Likes: 90
From: Sacramento California
C2 of Year Finalist (performance mods) 2019
2018 C2 of Year Finalist
Property Tax??
And I thought Cali Sales Tax at 8.5% was expensive...that's just silly! That's like $200/mo tax on owning a new car? Hell with that! (I guess the math is about the same but damn.....)
And I thought Cali Sales Tax at 8.5% was expensive...that's just silly! That's like $200/mo tax on owning a new car? Hell with that! (I guess the math is about the same but damn.....)
We have 5 new Z06's in our local club. At breakfast Saturday, One of the guys mentioned his personal property tax on his new Z06 will be $2600 for 2016. Next year it will be in the $2300 range. In 4 years he will have paid over $8500. When you add in the depreciation plus the taxes it really adds up to a financial loser. When you buy a C2, you may lose on the repairs and any upgrades but you can get most of your money back when you sell it. In Virginia, vehicles with vintage plates are exempt from property taxes. I did have to pay sales tax on it when I registered it but that is a one time fee. Btw, the sales tax on a new Z06 is $4000-$4500.
Last edited by DucatiDon; Mar 7, 2016 at 07:14 PM.
Drifting
Joined: Dec 2009
Posts: 1,388
Likes: 65
From: Sugar Land tx
10 year old corvettes are worth what % of MSRP today? It's pretty low. I'd guess $15k or less on the C7.
Last edited by mrtexas; Mar 8, 2016 at 07:18 PM.
Thread Starter
Instructor
Joined: Dec 2015
Posts: 233
Likes: 8
From: Jupiter Florida
Thanks for all the advise, but I'm not buying the c2 for an investment, I'm buying it because i want one. I just thought it would be worth more in several years.
What many of you are saying is no one other then us old guys want these cars. Makes me wonder what the average age of people that want these cars is. I'm 64.
What many of you are saying is no one other then us old guys want these cars. Makes me wonder what the average age of people that want these cars is. I'm 64.
Le Mans Master
Joined: Mar 2010
Posts: 6,501
Likes: 1,938
From: The Golden Triangle, Florida
2024 C2 of the Year Finalist - Unmodified
2023 C2 of the Year Finalist - Unmodified
St. Jude Donor '20 thru '25
Thanks for all the advise, but I'm not buying the c2 for an investment, I'm buying it because i want one. I just thought it would be worth more in several years.
What many of you are saying is no one other then us old guys want these cars. Makes me wonder what the average age of people that want these cars is. I'm 64.
What many of you are saying is no one other then us old guys want these cars. Makes me wonder what the average age of people that want these cars is. I'm 64.
Steve
Drifting
Joined: Dec 2009
Posts: 1,388
Likes: 65
From: Sugar Land tx
Thanks for all the advise, but I'm not buying the c2 for an investment, I'm buying it because i want one. I just thought it would be worth more in several years.
What many of you are saying is no one other then us old guys want these cars. Makes me wonder what the average age of people that want these cars is. I'm 64.
What many of you are saying is no one other then us old guys want these cars. Makes me wonder what the average age of people that want these cars is. I'm 64.
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Le Mans Master
Joined: Dec 2007
Posts: 8,000
Likes: 659
From: Puget Sound
Thanks for all the advise, but I'm not buying the c2 for an investment, I'm buying it because i want one. I just thought it would be worth more in several years.
What many of you are saying is no one other then us old guys want these cars. Makes me wonder what the average age of people that want these cars is. I'm 64.
What many of you are saying is no one other then us old guys want these cars. Makes me wonder what the average age of people that want these cars is. I'm 64.
Burning Brakes
Joined: Dec 2010
Posts: 1,224
Likes: 361
From: Southington CT
Drifting
Joined: Dec 2009
Posts: 1,388
Likes: 65
From: Sugar Land tx
I wouldn't say "no one" but as the years pass, the number of buyers decreases. Many years ago I restored a 57 T-Bird for my wife. I was a member of the Classic Thunderbird Club International (which had many more members than the NCRS). At 50 years old, I was a baby compared to the others. Most were 70+ and the conventions were riddled with walkers and wheelchairs. Now, the majority of those members have passed on and the prices for 55-57 T-Birds has dropped considerably. The same will happen to all years of Corvettes. It's already affecting the prices of C-1's.
Last edited by mrtexas; Mar 8, 2016 at 10:14 PM.
