[Z06] would you downgrade?
Safety Car
Joined: Mar 2000
Posts: 4,847
Likes: 10
From: Bartlett, IL
Cruise-In XI Veteran
St. Jude Donor '06-'07-'08-'09-'10-'11-'12
I dont really think this topic is about which car is better/faster etc.... its about being given a nice opportunity and making an educated choice. If you are given the chance to purchase a 12K mile 2003 Cobra convertable for $12,000 then you would be a fool not to purchase it. If that means selling your Z06 then do it, even if you take a $3-4K loss on your Z from what you paid you are basically buying that Cobra for $12-14K under market value...... For all of you math challenged here that is a $9-10K profit
The original poster mentioned some CC debt and that he would eventually like to get another vette, this is a great opportunity for him to get back on his feet and still have a very nice car while he does it.
Take the deal, get back out of debt and then purchase another vette or hang on to the Cobra..... either way you are really coming out a winner.
The original poster mentioned some CC debt and that he would eventually like to get another vette, this is a great opportunity for him to get back on his feet and still have a very nice car while he does it.
Take the deal, get back out of debt and then purchase another vette or hang on to the Cobra..... either way you are really coming out a winner.
Thread Starter
Pro
Joined: Aug 2006
Posts: 664
Likes: 0
From: Arlington TX
I dont really think this topic is about which car is better/faster etc.... its about being given a nice opportunity and making an educated choice. If you are given the chance to purchase a 12K mile 2003 Cobra convertable for $12,000 then you would be a fool not to purchase it. If that means selling your Z06 then do it, even if you take a $3-4K loss on your Z from what you paid you are basically buying that Cobra for $12-14K under market value...... For all of you math challenged here that is a $9-10K profit
The original poster mentioned some CC debt and that he would eventually like to get another vette, this is a great opportunity for him to get back on his feet and still have a very nice car while he does it.
Take the deal, get back out of debt and then purchase another vette or hang on to the Cobra..... either way you are really coming out a winner.
The original poster mentioned some CC debt and that he would eventually like to get another vette, this is a great opportunity for him to get back on his feet and still have a very nice car while he does it.
Take the deal, get back out of debt and then purchase another vette or hang on to the Cobra..... either way you are really coming out a winner.
Tech Contributor
Joined: Oct 1999
Posts: 41,042
Likes: 9,806
From: Charlotte, NC (formerly Endicott, NY)
It sounds to me like you are trying to set your financial house in order. Your dad is offering to help by giving you a deal so you can still have a performance car Vs an econobox.
Neither car is going to maintain its value that well. For the foreseeable future the value of both of these cars will will trend downward. As for collectibles their value will not be realized for many years (at least 20 years from now) yet and you don't know whether either one will be a collectible. I sort of doubt any car of this era will be very collectible except for museum pieces as we will be off from an oil economy by the time they get old enough to be collectible. Do you want a collector car that has to be pushed on and off the auction block because there is no gasoline to put in its tank?
Do the right things financially and get a brand new Vette when you can afford one.
Bill
Neither car is going to maintain its value that well. For the foreseeable future the value of both of these cars will will trend downward. As for collectibles their value will not be realized for many years (at least 20 years from now) yet and you don't know whether either one will be a collectible. I sort of doubt any car of this era will be very collectible except for museum pieces as we will be off from an oil economy by the time they get old enough to be collectible. Do you want a collector car that has to be pushed on and off the auction block because there is no gasoline to put in its tank?
Do the right things financially and get a brand new Vette when you can afford one.
Bill
Advanced
Joined: Jan 2006
Posts: 92
Likes: 0
From: Castle Rock CO
It's a tough call, although contrary to what alot of people here think, a 03/04 Cobra isn't as much of a downgrade as they'd like to think. I have had both and can speak from experience. As far as resale goes, there is no hotter car than a 03/04 Cobra right now in terms of holding value. The 03 Z06 was a mid 50 thousand dollar car and a nice low mileage stock one can be had for low 30s... A 03 Cobra coupe was low 30s when it came out and the nice ones are still selling for mid to high 20s.
The Vette is a sportcar, and the Cobra is more of a muscle car, but IMHO, the only place the Vette has a huge advantage over the Cobra is braking.
The Vette is a sportcar, and the Cobra is more of a muscle car, but IMHO, the only place the Vette has a huge advantage over the Cobra is braking.
Thread Starter
Pro
Joined: Aug 2006
Posts: 664
Likes: 0
From: Arlington TX
It's a tough call, although contrary to what alot of people here think, a 03/04 Cobra isn't as much of a downgrade as they'd like to think. I have had both and can speak from experience. As far as resale goes, there is no hotter car than a 03/04 Cobra right now in terms of holding value. The 03 Z06 was a mid 50 thousand dollar car and a nice low mileage stock one can be had for low 30s... A 03 Cobra coupe was low 30s when it came out and the nice ones are still selling for mid to high 20s.
The Vette is a sportcar, and the Cobra is more of a muscle car, but IMHO, the only place the Vette has a huge advantage over the Cobra is braking.
The Vette is a sportcar, and the Cobra is more of a muscle car, but IMHO, the only place the Vette has a huge advantage over the Cobra is braking.
