C'5 prices falling???
Racer
Joined: May 2002
Posts: 379
Likes: 0
From: Sacramento Ca
Originally Posted by Scoundrl
If prices fall to much we are definently going to lose some of our exclusivity. I don't want any joker who could buy a honda buying a Vette and screwing it up for the rest of us. MHO
-Ken
-Ken
Are you kidding me? This is the attitude that kills perceptions of corvette owners. How many C5's did they make in the year you bought yours??? Reality check.
Melting Slicks
Joined: Oct 2003
Posts: 2,183
Likes: 5
Originally Posted by Scoundrl
If prices fall to much we are definently going to lose some of our exclusivity. I don't want any joker who could buy a honda buying a Vette and screwing it up for the rest of us. MHO
-Ken
-Ken
This is how exclusive C5's are
And here
No need to start another flame war, just stating the facts.
Last edited by vectorz; Sep 11, 2005 at 11:22 PM.
Drifting
Joined: Mar 2005
Posts: 1,336
Likes: 0
From: North Canton OH
Originally Posted by Scoundrl
If prices fall to much we are definently going to lose some of our exclusivity. I don't want any joker who could buy a honda buying a Vette and screwing it up for the rest of us. MHO
-Ken
-Ken
When you see a beater on the road do you think the guy intentionally banks rolls of fat cash and drives a beater because he wants to? Most times when I see a family traveling in a rusted out beater, I feel sorry for them, because I know its probably the best car they can afford.
It would not make me feel good to drive up along side them in hopes they stare at my "exclusivity."
Now if what you are talking about is that a honda guy gets his hands on a vette, throws a couple fart tips on it and a huge win, then ya, that will suck. But to each his own.
Banned Scam/Spammer
Joined: Mar 2005
Posts: 8,083
Likes: 3,869
From: Bonita Springs FL
The C5s just got a year older. A showroom condition 2004 C5 coupe can be had for mid 30s where I live. The asking prices for some of the C5s here are laughable. 04 ZO6 with 10K miles for $46,000, 02 C5s for $35,000. Get real guys! These sellers need to look at the auction reports and swallow a good dose of reality.
Drifting
Joined: Aug 2005
Posts: 1,297
Likes: 0
From: Menands (Albany) NY
Originally Posted by drmustang
The C5s just got a year older. A showroom condition 2004 C5 coupe can be had for mid 30s where I live. The asking prices for some of the C5s here are laughable. 04 ZO6 with 10K miles for $46,000, 02 C5s for $35,000. Get real guys! These sellers need to look at the auction reports and swallow a good dose of reality.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$$$$$$$$$$$$
I "Hope" LOL
Team Owner
Joined: Apr 2001
Posts: 54,204
Likes: 180
From: S.W. Ohio. . . . . . NRA Life Member
the price of 1997 C5's dropped the minute each one left the dealership and became a "used" car.
The 2004's first were being driven off the new car lot in July 2003. So that makes these early production '04s over 2 years old by now.
I personally don't see any additional price drop other than standard depreciation.
And the value of a used car is what the similars have sold for... not the "asking price" .
The 2004's first were being driven off the new car lot in July 2003. So that makes these early production '04s over 2 years old by now.
I personally don't see any additional price drop other than standard depreciation.
And the value of a used car is what the similars have sold for... not the "asking price" .
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Team Owner
Joined: Apr 2001
Posts: 54,204
Likes: 180
From: S.W. Ohio. . . . . . NRA Life Member
Originally Posted by kbreese
Well they will now be dropping more than the regular depreciation that they have experienced since 97 simply for the fact that the next generation (C6) is now here.
Safety Car
Joined: Apr 2003
Posts: 4,306
Likes: 773
From: Long Island NY
It seems some people were "iffy" on the new C6, but from what I have seen people are coming around. I think pretty much any time you have a long running succesful generation, whenevre the new one comes out you will have the people who just simply don't like change. People get used to the looks the way they have been and almost anything different will initially be a dissapointment. But thye C6 is still a Corvette and still a nice looking car and these people will come around like they always do. the C6 Z06...well there is nothing not to like about this car. It's hot as hell and performance wise it's a world beater at a relatively cheap price. To compete with it you have to spend 3X+ what it costs. 
Safety Car
Joined: Jun 2004
Posts: 4,353
Likes: 22
From: Bella Vista Ca
Originally Posted by Scoundrl
If prices fall to much we are definently going to lose some of our exclusivity. I don't want any joker who could buy a honda buying a Vette and screwing it up for the rest of us. MHO
-Ken
-Ken
Safety Car
Joined: Dec 2002
Posts: 3,530
Likes: 0
From: Lake Wylie SC
Originally Posted by kbreese
It seems some people were "iffy" on the new C6, but from what I have seen people are coming around. I think pretty much any time you have a long running succesful generation, whenevre the new one comes out you will have the people who just simply don't like change. People get used to the looks the way they have been and almost anything different will initially be a dissapointment. But thye C6 is still a Corvette and still a nice looking car and these people will come around like they always do. the C6 Z06...well there is nothing not to like about this car. It's hot as hell and performance wise it's a world beater at a relatively cheap price. To compete with it you have to spend 3X+ what it costs.
Safety Car
Joined: Apr 2003
Posts: 4,306
Likes: 773
From: Long Island NY
Originally Posted by Bacchus
How are they iffy? Won't a base '06 outperform an '04 Z06?
Last edited by kbreese; Sep 14, 2005 at 08:39 PM.
Race Director
Joined: Jul 2005
Posts: 11,308
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From: The Beautiful Greater Bay Area California
Price compression occurs with virtually any vehicle with time, and, even more so along with the introduction of an upgraded model change. However, Corvettes are unique and do hold an amazing mystique, historical tradition and high performance esthetic in any automotive market (old or new).
In the final analysis, I am in total agreement with Steve (84zz4vette) whom has basically stated above that it really does not matter. Go and buy want you want and can afford, then, mod it to your hearts content. But, remember to be sure to enjoy it.
In the final analysis, I am in total agreement with Steve (84zz4vette) whom has basically stated above that it really does not matter. Go and buy want you want and can afford, then, mod it to your hearts content. But, remember to be sure to enjoy it.
Administrator
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From: In a parallel universe. Currently own 2014 Stingray Coupe.
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Prices are going down - all the more reason to just keep what I have.
Le Mans Master
Joined: Jun 2004
Posts: 6,269
Likes: 50
From: Dallas Texas
St. Jude Donor '06-'07-'09-'10
As long as GM keeps making Corvettes, the resale prices on the last generation will decline. Sure extremely low mileage and special edition models will bring higher prices, but in general they'll lose value. Dealers here are already offering '05 C6's for under $40K to move them out for the '06's.
When you could buy an '04 last Summer with GM discount and 0% financing for as much as $12K off MSRP, why would you pay more today for a similiar used Vette? Dealers can ask what ever they want, but what they'll finally take is the key.
When you could buy an '04 last Summer with GM discount and 0% financing for as much as $12K off MSRP, why would you pay more today for a similiar used Vette? Dealers can ask what ever they want, but what they'll finally take is the key.
Safety Car
Joined: Jul 2005
Posts: 4,743
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From: Omaha Nebraska
St. Jude Donor '06
Originally Posted by Terry Corp
I'm on my sixteenth new Corvette ( I've owned them since 1962), and I've seen a lot of Corvettes change hands through the years ..... there is no car that better fits the description..... "you get what you pay for." 
Terry
Terry
Sixteen!!
We should start a thread asking how many Vettes have you owned??
Drifting
Joined: Jul 2000
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From: Northwest Member - Medford, OR
NW Events Coordinator
Originally Posted by VRROOOM2
SIXTEEN??? WOW!!! How do you keep track of them? Ok, now that I think aboutit, I can tell you all the cars I've owned in the last 26 years but... Sheesh!!
Sixteen!!
We should start a thread asking how many Vettes have you owned??
Sixteen!!
We should start a thread asking how many Vettes have you owned??
There are quite a few people on this forum who have owned more.
Many of my former Corvettes are shown on my Forum website if you're interested.
http://www.corvetteforum.net/c5/terry_corp/
I love the cars and I've had the good fortune, by actual ownership, to witness many changes with Corvettes through the years. I would never have believed in 1962 they would evolve into the engineering masterpeice they are today. Dave Hill and his crew have done us all proud.......
Motor Trend's cover headline last month that stated " 'The 06 Z06 Corvette - Sell the Ferrari!!" sums up well what Dave Hill and GM have created for us....... Zora would be proud......
Terry