FOLDNTOP

The high road would be for the dealer friend to help the widow get fair value for her car rather than try to get her to bite...JMHO

DRIVE AMERICA

IM often bothered when I hear or read that the C-6 has over 70% new parts. The truth is it doesn’t. What is never explained or discussed is that actual claim made by GM is that 70% of the part numbers are new and not necessarily the parts themselves. Daniel Pund explained in Car and Driver that they frequently go through this with part manufactures. A control arm for example may have a different part number than another but be exactly the same. The C-6 is a great car just the same but the claims that it is so different than the C-5 is over exaggerated. Pond went on to say that we will compromise and call the 2005 Corvette the “ C-5 and 11/16ths.” Just my two cents.

04 commemorative

Maybe cause it's "FUGLY"

screw991le

Too bad the C6 is just a C5.5

Don't listen to some of the C6 owners, most are first time Corvette owners who think the "latest is the greatest".

I think the C5 is the best looking Corvette for all times.

I'll admit, I did not like Vettes until the 80's and fell in love with the C5.

I Remember when the first C5 commercial came out, I wanted one. Now I have one.

jrose7004

I don't know about the C5 being overpriced! A buddy of mine just bought a 01 Black Vert with 35,000 miles for $23,500. I think that was a great buy.

Jaymer

i must agree....not that our c5's are undervalued nor overpriced.....model, milage, condition, color, location will dictate the price. i started looking around for a car over 1 year ago. in 1 year i've seen vehicles depreciate alot, thats including benz, bmw's, lexus....etc. not to mention American vehicles, cadillac has taken a huge hit. i live in miami, the car market here is fast and the overturn is amazing, corvettes in miami are not cheap, not to say overpriced!.....anyways, i found her in Savannah, GA. '01 vert with 32,900k miles for $23,229k. a hairline scratch on the rear 1/4 panel would keep her from perfection(just like the pats losing the superbowl and keeping them from perfection). i got the best car $23,000 can get you. a neck breaker. awesome.....i love her.

blacksedan87

There are some deals to be had on C5's. Obviously as time goes on - the real low mileage ultra clean used C5's are going to disappear. Look through the ads in Auto-Trader or Cars.com and you'll find C5's with under 10K listed for mid $30'S. An '05 C6 convertible with comparable mileage is only a couple of thousand more.

I think there will be a time in the very near future that a very low mileage C5 convertible will go for more than a low mileage C6 - why? You can still buy a new C6, you can't buy a new C5.

My buddy almost bought an '03 Anniversary convertible with 6500 miles for $29K, but the guy was originally asking mid $30's. The higher mileage cars are going for a lot less - but the cars will sell for what the market will support.

The C6 is a great car, it rides real nice, it has some electronic enhancements that C5 owners would like to have like the navigation, etc., but it was not the groundbreaking new design that the C5 was - it's really more of an enhancement. It utilizes the same architecture that was developed for the C5, hydro-formed frame rails, rear mounted transaxle, all aluminum engine, etc. So it's not totally new compared to the previous generation like the C5 was to the C4.

But as mentioned - it's still a Corvette and for that single reason alone, it's all good with me. This car has to evolve in order to survive, otherwise it will die.

71vetteinva

There are lots of great deals on C5 Corvettes out there. I had zero problems finding cars with 50k or fewer miles for $25k or less. Just check out Autotrader.com.

I bought a 2000 convertible on Monday with almost every option. Great looking paint with some only some minor wear on the interior and exterior. 38,800 miles. I even have the original window sticker. The MSRP for the car in 2000 was just over $50k. I paid $24k, which is below Blue Book.

I did a quick search on Auto Trader and just found about a dozen used C5 Corvettes with between 30 and 60k miles on them. None were over $25k.

Mike Mercury

let me translate:

"the C6 is depreciating at a higher percentage rate than the C5... and we're jealous".

MrEldo

I'm saving my loot for a C-5. Prefer a 'vert and intend to put as much cash down as I can, so needless to say I'm in no hurry to buy. I have been watching prices for '03 and '04 C-5s and IMO they are 5 to 7 grand too high.

Some dealers are trying to hold buyers up in the $34K-$36K range when I've seen '05 coupes in the $36.5 to $38K range. I'm now considering an '05 coupe because of the prices.

To all you dealers reading this...from a future buyer; You'll have to hold your hand on your azz a long time before you clip myself or any other informed buyer $30K plus for a late C-5. C-5 Corvettes may be fun cars and all the emtional BS that goes along with them... but after all is said and done they're only 4-5 year old used cars...and that's all myself or any other astute buyer will pay.

Mike Mercury

I hear ya; but a car dealer doesn't make any profit from pricing a car too high that doesn't sell... and just sits there.

It's the market that sets prices on used cars... not the Kelly Blue Book as many think it does. If the dealers are indeed selling C5's at this so-called "3 to 5 grand too high" price... then they are not "overpriced"... that is what the market is bringing; and hence sets the cars value.

If no one has dared look at the facts (or they'd rather just be in denial about it)... there's a reason why a used C6 is only a few thousand more than a used C5. Depreciation is not equal between the two series.

For those of you that like the looks of the C6 enough to purchase one; it's a great market for you. Buy the C6, and relish in the good deal you got.

bjon2001

I believe we all want the highest retail for what we own. I have a 98, and yes I have seen some for 13k, but if you want lto buy mine I would give it up for 19,500.

bestvettever

Hi Guys, I beleive Mike has it right. Something is worth what someone is willing to pay. In the case of the C5's they are bringing more on a relative basis , because people are willing to pay that price. If not they wouldn't be selling at that price. In the case of the c6 it is worth less on a relative basis,( compared to original selling price and years of depreciation,) because the people wanting it are not willing to pay more for it. At some point the depreciation factors and value may equal the c5's or may not. Time will tell, but for now we c5 owners have the value leader. As I said before ALL Vettes are really nice, fun, exciting cars to own and drive, so not bashing the c6's at all. But as far as values, and pricing goes, the c5 is in more demand at the time. I could have bought any vette I wanted, and I bought the 2003 AE Vert,(C5), because I found it the most appealing to me.And it seems that others are agreeing with that sentiment.
Luck To All

Choreo

"Better Engineered Car"... sounds like someone trying to convince me that the not-so-pretty girl with the great personality is the smart choice. It may be the "logical" choice, but as history has proved time and again, it won't compete with a sexy rear end.

Chemdawg99

One of the guys in my unit has an '08 C6 M6. I took him for a ride in my A4 (3.15 rear) '04 C5 Coupe and he likes my car better Go Figure

susko

I agree with the c6 poster. For the most part, c5's are overpriced relative to c6's and usually sell when the price falls closer to KBB.

Mike Mercury

Kelly Blue Book and others... are not the set-price, they are to be used as guidelines only; or as a starting point.

All these used car pricing books work almost 100% on a depreciation formula. They don't give much emphasis on trends.

If starting today the 04 Z06 Z16 stopped depreciating - and actually appreciated each year - but only at the rate of inflation (hence holding it's value in dollars)... it may take these used car pricing books two years to catch on. And some flat-out won't sway from their "percentage per month" depreciation formulas - regardless of what's actually happenign in the real world.

Yvonne and I both own C5's that we are officially the original owners of; my 2002 Pewter Coupe has 20k miles and always garaged - never wrecked. Her 2003 AE vert has 6k miles and always garaged - never wrecked. If we ever decide to sell either, I will hold out until I find a buyer looking for exactly what we have for sale; doesn't matter if the car(s) sell in a week, or takes 6 months.
The market (at that particular time) will set the selling price for this specific car transaction.

bestvettever

HI, I agree again Mike, and I might further add that there are even vast differences between the "So Called " pricing guides,IE: Kelly Blue Book, NADA, Edmunds, etc. as to a given models price , using the same input for all. I personally find Edmunds .com, closer to reality that the others. Most Used Car Salespeople know that KBB is usually higher in price and NADA is usually the lowest. In fact I've run across some that will use NADA as a reference when taking a car in trade, thereby giving the seller a lowball price for his trade, and then whipping out the KBB when selling the same car, because it usually gives the car a bump in price over the NADA. Bottom line is The Market sets the Value, and there will be those that get a bad deal and those that get a better deal, but the overall market is the guide.
Luck To ALL

Ikester

You can get a c5 for 15Gs nowadays.

your not a big dog anymore unless you have the C6Z or the upcoming ZR1

65GGvert

That little dot a couple spaces to the right of the "M" key on the keyboard is the period key.