Anybody know of or have a chart or something with the price of a new model vette vs what a vette of that year is worth now. I would like to see a historic chart for years in the past to see when is a vette at its typical as cheap as it is ever going to get price. I hope you understand what I am trying to get at. The bottom line: What is the cheapest a new Z06 will ever get? I want one of those in a BAD way.

For example for 2003 it would be:
Year : 1969
Price New: 5000
Price Now: 15000

Year: 1980
Price New: 12,000
Price Now: 12,000

Year: 1990
Price New: 32,000
Price Now: 14,000


But in 1992 it might have been:
Year : 1969
Price New: 5000
Price Now: 13000

Year: 1980
Price New: 12,000
Price Now: 8,000

Year: 1990
Price New: 32,000
Price Now: 25,000

 

A new Z06 will never be cheaper than it is right now. Used Z06's, on the other hand, will depreciate just like ZR-1's -- if not more so because they will ultimately be more common.

There is definitely a depreciation curve on used Vettes. C3s have already hit bottom and are starting to rise. C4s are still working their way down. You can get a nice early C4 truly dirt cheap!

 

Yeah, that is what I meant! What is the cheapest a used Z06 will ever get. I love those cars. At what point will I be able to trade my 69 for one straight up.

 

I saw a Z06 in the paper here for $38K, which seemed like a good deal. Not that I have $38K laying around. :lolg:

 

uuuuuh hummm, you're not 40 yet :p: :jester :troll

 

It seems to me, for a decent condition used vette rock bottom value, it seems to hit about 40-50% of its new price and lingers until age starts to make the prices rebound. If this is the case, for a drivable Z06 in 15-20 years, you may expect 20K ballparks minimum.

Giving hopeful inflation rates of only 3%, that might be around 12K-14K in todays dollars in 15-20 years. Hope you can wait that long.

Id like to get a Z06 in bad way too blk/blk w/ M6 :reddevil

I have to try to convince the wifey that I simply just go on without one. :jester .

Brent...

 

It should go way lower than 50%. For instance, once can pick up a 84 or 85 for roughly $6K now. This was a $32K car new. The going rate for ZR1s here in the Northwest, as well as down in Houston when I lived there was around $22K, and those cars were MSRP near $67K if I'm not mistaken. (Heck my father was offered a brand new '91 ZR1 towards in '92 for $38K by a dealer who couldn't sell it!)

Z06s will probably fall to about $15Kish in 10-13 years. Generally there are forces that make very desirable cars now, less so then. (More power, totally changed styling, higher gas costs etc...)

 

I wonder if comparisons with past depreciation curves are applicable. 1980 was the last of the noncomputer controlled cars. The C1/C2/C3 cars are relatively simple. The C4 and C5 have become progressively more complex, and hence more difficult for a "regular"person to repair.

What will be the availability of computer parts for the C5 in 20-30 years. If I can't work on them (C4/C5) now, I don't think I'll be able to work on them when they get into their heavy repair/rebuild cycle. The problem may not be the drive train so much as the other electronic and computer controlled systems.

All this may mean that the used prices of the C4/C5/Z06 may not follow the same depreciation pattern as earlier generations.

Just a thought.

 

I think the same thing, I wonder if they will drop more % in price than others. Let me know when Z06's reach 20K, I'M BUYING.

 

While the 81 was the first year of the CCC, it's functions are still quite rudimentary and the whole system can be bypassed with a few bolt on changes. IE: New distrib, carb, etc. So all is not totally lost if the computer goes south and you don't want to spring for a new one.

 

Maurice, depending on the economy as a whole, not just specifics...you well may be able to find ZO6 for less than 8 grand in say 4-5 years maybe less...and I"m talking clean too....

GENE

 

"What is the cheapest a new Z06 will ever get? "

If we new that it'd be too easy to make good decisions on car investing. I think a lot of it depends on what happens with cars in the next 10 years or so. If we get another administration in the future that caves in to the huggers, the insurance companies go ape again on premiums, and gas goes through the roof percentage wise, all of which happened in the 70's and performance cars are basically killed off, the good stuff might stay high. If there's a 500 horse 8 speed 2500 lb Corvette 10 years from now, then the Z06's likely won't hold their value.

As far as the demise of the ZR1, there were several things that contributed. First, the option was overpriced in the first place. I bought a new one in 1990 for sticker, which I had ordered about a year earlier. The car cost less than 61,000.......60,400 if I remember right. I also bought a 90 Callaway which a local doctor ordered and traded on an NSX when it was about 6 mos. old. He paid about 70K, but the dealer laid it to him. I had a chance to sell the ZR1 when it was new for 10K over sticker and declined, wanting to keep it, so I guess it could be said that I had 70K in it instead of 60K, depending on how you look at it. I kept both of these cars for about 8 years and watched em fall off a cliff value wise. I finally sold my ZR for 30K (3K original miles and never wet) and the Callaway for 25K. The other thing that hurt these cars was the fact that the std. cars kept getting better, and also the fact that the bean counters at GM, in their infinite wisdom, decided that the std. Corvette in 91 should look like the ZR1 in the rear, so there wasn't the visual impact of spending the extra25K for the engine and other subtle differences. I will say this, the ZR1 was a great car, and if I had it to do over again, I'd probably keep it.