For me gas was not the issue. I got drafted by Uncle Sugar in 1969 (Viet Nam was in need of my assistance, they said) and my annual pay would not pay for insurance for that wonderful C2. So I sold it for the market value at that time. It was $3750, if I remember correctly. This was a 390 HP (single Rochester 4bbl), 427 coupe, 4 speed with factory air. If I had known then what I know now...

 

Your original post stated 2000 miles, now you state 22,000 miles.

You were asking, original post, $39.000.

Considering the '04's (CE. loaded) were going in the low $40k area in late '04, it is no wonder you could not get $39k.

Just a note - be wary of the '05's - they are having more trouble than any year 'C5 - IMO.

I would not buy an '05. And since GM seems to have finally admitted that the issues (specifically electronics) actualy existed and changed them on the '06's, I think I'll wait a few more months to order mine.

It appears you have bought the '05 - hope it works out for you.

 

When the first run up of prices on big blocks occured in 1989,90, people were buying boats just to get those old rat motors out to put back in their 66 and 67's. I'll bet there are a lot of restamped fakes out there.

 

Somewhat. I am paying off 1/2 of my bills. I did buy another toy not for a ton of money but something fun for weekends. Its a car I can unload pretty easily I think. So if/when I want to get rid of the rest of it (as I pay it monthly now at 2% fixed intrest) I can sell the car for additional cash.

 

I'm just happy to live in the USA and drive the worlds best car.

 

Fortunately, your opinion and the actual facts are worlds apart with regard to the above.


A total of 37,372 cars were built during the 2005 model year and very few problems have been reported.

The ones which have include "dead battery syndrome" which at least some cases can be attributed to driver's neglect.

Crank pully bolt failure, about 300 reported cases. And also seen in other cars including the C5.

Column lock, fewer than 10 cases reported in the forum. And also present on the C5.

Faulty gas guage. Also seen in the C5. Fewer than 10 cases reported on the fourm and corrected before the end of the '05 model year.

Brake lines too close to exhaust in the early models, corrected before the end of the model year.

Clutch stuck to floor. Also reported in the C5 and infrequent in both cars.

Of the reported problems with the '05 C6 by far the most significant was the crank pulley bolt failure. But as mentioned before few cases have been documented of the 37,372 cars produced. The rest of the problems are minor and similar to those found in any other make or model. Thats if they occured at all.

However, it is worth it to note that conspiciously missing among the '05 C6s problems are: piston slap, oil consumption, rocking seat, premature wear of leather seats, leaking battery resulting in severe electrical component damage, wet passenger side floor........

 

Just drive and enjoy !!!!

 

Is GM offering a $1000. rebate only for the 05's or does include the 06's as well?

 

I thought inflation was 3%.... If that is the case.... 6% a year for a car is pretty good!

 

Compared to what????? they only made so many and they arent making anymore However like my old grampa used to say,....."something is only worth what someone is willing to pay!" I think that in the near future all of us that put a LOT of mods. on our vets may have some problums!.................REALLY! I dont know for sure but one of the advantages of advanced age is experience and my state(Wa.) and oragon to the south just changed the standards to the NEW callifornication standards,...... .witch are about nothing more than making a LOT of funding (see $$$) on the backs of all those people who changed from the "stock" configuration! whether they pass emission or not ,............................

 

The number chosen for inflation varies according to what period you choose and which measure you use. In the 2000s it has been fairly low (2-3%) except for medical and energy, but in the 70s, double digit inflation of 14% or more was happening. I used 6% as a conservative average for the 40 year period; some would argue that 8% could be used. Whatever value you use the point is that using a Vette or almost any other car as an economic investment is not usually going to pay off.

Low production of particular model won't necessarily make it valuable over time. (The Pontiac Aztec will never be a collector's car, praise the Lord!) And while appearance and performance mods may increase the short term selling price (though usually not enough to pay for the cost of the mods), they kill long term selling prices. Collectors are looking for original cars, in pristine original condition, with matching numbers everwhere, etc,etc. And it is collectors who pay the big bucks for cars, not everyday, having-a-blast drivers like we all are.

 

Well said! Zuti JUST DRIVE IT!

 

No offense, but you really thought you were going to get good money in November for a convertible in Upstate New York??? Unless the car has a machine in the back that can manufacture heating oil or natural gas you were never going to get good money for your car. You would have been far wiser to hold it until Spring.

C5's will hold value like all other Vette's before them. In fact, because they're a relatively short generation in terms of years produced, they may do better in the long run (i.e. wayyyyy down the road).

-Mr.Z-06

 

I figure the depreciation on my '98 is about $2000/year. Thus this is what I assume it cost me per year to own the C5 --about 2 grand. Better than leasing....

 

Ohh the pain! The pain!!!

 

Well this is a good thing or a bad thing.

The good: For future owners they will get great deals.

The bad: Everyone will be driving a corvette, thats no fun

The ugly: You cant sell them even close to what you bought them for.

The price for C5's will level off after next summer in my opinion. 'Vettes will never be 15k a pop for 50k miles in the near future.

 

Local dealer has 7 C5's lined up for sale...never seen so many at once on the same lot....probably all trades for new C6's

Looks like a buyers market....maybe I'll buy another

 

Our local Chevrolet dealer where we bought our 2004 convertible has seven C6 convertibles in stock and one C6 Z06 and not a single C5 on the lot.

CRVETTE

 

I'm still driving my 02 vert. I owe about $19k on a 0% interest, 100% financing loan I got when I bought it under sticker. ( forum dealer Jason, c5discounts).

I looked at a new 05 vert, DSOM, 6spd, Z51, Nav. Man, I was tempted. But the prospect of paying for a $62k new car...

So went home, put a fresh coat of NXT on and some lexol on the seats and said, "yup, I'd buy this baby for $19k at 0%." And I did.

 

who cares if they depreciate! when i'm dead & gone i'll leave my z06 for my estate to cry about how the car isn't worth anything anymore...

but in the meantime, the fun's mine all mine all mine!