C5 prices holding their value !!!!!!!
Intermediate
Joined: Mar 2006
Posts: 46
Likes: 0
From: Ottawa Ontario
C5's in Canada also retaining their value
I just picked up my 03 Vert last week. It's fully loaded, 6 spd, medium grey with black convertible roof, polished rims etc. and had 13K km or 8,000 miles on it.
I was surpirsed at how well the C5's were retaining their value. The first 2-3 yrs are where the majority of the depreciation happens, then if well maintained, they seem to drop about $3k/yr or less.
I got the car for about $30K less than when it was new and everything in Ontario was at the same price, low to mid $50K's I was expecting to pay mid to high $40K's.... Oh well I'm happy now!!!
I was surpirsed at how well the C5's were retaining their value. The first 2-3 yrs are where the majority of the depreciation happens, then if well maintained, they seem to drop about $3k/yr or less.
I got the car for about $30K less than when it was new and everything in Ontario was at the same price, low to mid $50K's I was expecting to pay mid to high $40K's.... Oh well I'm happy now!!!
Le Mans Master
Joined: Aug 2004
Posts: 5,403
Likes: 1
From: Just moved back to the "old country"
Originally Posted by DAGORED-C5
Sometimes a picture is worth a thousand words, I LOVE MY C-5
Racer
Joined: Aug 2001
Posts: 266
Likes: 0
From: Chelsea MI
I think the C5's will be hold their resale value a lot better than most people thought. Remember when the dealers were discounting the 04's heavily and all the buzz was about the C6 ? Those days are over, and the C5 has stabilzed considerably. I bought my 98 in Nov. of 04, the seller just got a new C6 and he gave me an excellent deal on the 98 like it was yesterdays news. I'm confident that I could sell the 98 for more than what I paid for it. Now that doesn't happen every day !!!!
Pro
Joined: Apr 2006
Posts: 737
Likes: 24
From: Edwardsville IL
I think the price of the 6 is helping hold the value of the 5.
But OMG - the C6 sure looks good to me. From any and every angle too. Could only imagine how it would look from the drivers seat with my tags on it. Conversely, my liquid assets would be done for after pulling that trigger.
But OMG - the C6 sure looks good to me. From any and every angle too. Could only imagine how it would look from the drivers seat with my tags on it. Conversely, my liquid assets would be done for after pulling that trigger.
Drifting
Joined: Mar 2006
Posts: 1,665
Likes: 4
From: FL
Originally Posted by ^2fastC6^
Consumer reports gave the C6 a better rating than the C5. Cheap looking? I guess you think Italian exotics look cheap too?
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Drifting
Joined: Aug 2004
Posts: 1,799
Likes: 1
From: Dayton Ohio
Don't hold your breath. The C4's also held their values very well for a few years. The early consensus was that the C5s had a big rear end, were no faster than the LT4 and weren't even close to the retired ZR1 (all true).
We eventually warmed up to them (over 1/4 million of made), Chevrolet released the Z06 and the C4 prices dropped steadily for years.
We eventually warmed up to them (over 1/4 million of made), Chevrolet released the Z06 and the C4 prices dropped steadily for years.
Drifting
Joined: Jun 2002
Posts: 1,945
Likes: 41
From: Corinth TX
Actually I have noticed that C4s and C5s seem to be holding their value very well. Maybe its because so many people are seeing the light of the Corvette world. The C6 is a beautiful car as well and I think that it has brought alot of 1st time buyers who are starting to realize the value and fun of owning a Corvette. I never have a problem driving to work. Now once I get there it's a different story but driving there is great!!!
Instructor
Joined: Apr 2005
Posts: 192
Likes: 0
Originally Posted by beden1
Looking at the picture posted of the C5 and C6 next to each other . . . my first thought was what is that Camaro doing parking next to the Vette. I don't know what Consumer reports you read, but the annual edition I bought last night didn't have it that way at all. The C5's were rated better in just about every category, for most years.
Race Director
Joined: Jul 2004
Posts: 10,295
Likes: 4
From: Downers Grove IL
St. Jude Donor '15
Originally Posted by ^2fastC6^
Yea, why is that firebird parked next to the C6?
Team Owner
Joined: Feb 2005
Posts: 35,976
Likes: 29
From: San Clemente California
Originally Posted by tjfontaine
I'm sorry guys - but this picture IS worth a thousand words - the C5 simply looks DATED compared to the C6 ... and it seems like some C6 bashing here ... these are all VETTES, remember? The C6 looks cheaper than the C5 - come on ...
Bad pic of the C5 but to me it still looks 100% better than smiley faced Nissan.
Burning Brakes
Joined: May 2002
Posts: 1,007
Likes: 2
I figure in 6-7 years it will be worth 50% of it's value today. 
Well looks are subjective. I prefer the C6 styling, and there's no doubt it's a superior car, however most will take the slightly used C5 and $10k-$20k in the bank. If money were absolutely no object I would bet that lots more would take the C6.
Originally Posted by DJN
Bad pic of the C5 but to me it still looks 100% better than smiley faced Nissan.
Well looks are subjective. I prefer the C6 styling, and there's no doubt it's a superior car, however most will take the slightly used C5 and $10k-$20k in the bank. If money were absolutely no object I would bet that lots more would take the C6.
Last edited by EricR-TX; Apr 12, 2006 at 03:21 PM.
Instructor
Joined: Apr 2002
Posts: 228
Likes: 11
From: Southern Maryland
to the C5 holding their value!!I was at a Chinese restaurant last night here in Germany and there was a nice looking red sports car in the parking lot... I had to walk over and look at her butt to realize it was a Corvette. Maybe it was viewing it from the side but I don't have that problem with any other generation -I have Vette-radar! If I'd seen it driving towards be with the bright DRLs, I'm sure I'd have recognized it...
I'm not trying to dog the C6. It's a great looking car. Just an observation from someone that doesn't see them very often.
Instructor
Joined: Apr 2005
Posts: 192
Likes: 0
Originally Posted by DJN
Bad pic of the C5 but to me it still looks 100% better than smiley faced Nissan.
Drifting
Joined: Mar 2006
Posts: 1,665
Likes: 4
From: FL
Originally Posted by ^2fastC6^
LOL, you C5 owners crack me up. You're the same guys that give me the stare ahead and don't wave when I pass you. Get a grip.