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Old Aug 8, 2008 | 12:34 PM
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Default Used C5 prices

Are they about to get crushed more with the 0% new C6 deals going on right now?
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Old Aug 8, 2008 | 12:43 PM
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0% deals on new cars always hurt the used car market!
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Old Aug 8, 2008 | 12:59 PM
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Are you sure the deal includes Corvettes? Usually those deals exclude Corvettes.
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Old Aug 8, 2008 | 01:23 PM
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Corvette prices... well....

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Old Aug 8, 2008 | 01:31 PM
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I purchased a 09 Z06 last week. Traded in my 98 C5 coupe w/29,7xx miles. I did okay on the deal. The Z06 was MSRP of $80,015 and I wrote them a check for the amount of $51,538 for the differance. That was out the door, but not including TT&L.

The dealer has my old C5 on the lot for $20,825.
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Old Aug 8, 2008 | 01:38 PM
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Originally Posted by JoesC5
I purchased a 09 Z06 last week. Traded in my 98 C5 coupe w/29,7xx miles. I did okay on the deal. The Z06 was MSRP of $80,015 and I wrote them a check for the amount of $51,538 for the differance. That was out the door, but not including TT&L.

The dealer has my old C5 on the lot for $20,825.
sounds like the dealer got the short end of the stick on that deal, but that ok.......
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Old Aug 8, 2008 | 02:03 PM
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Originally Posted by JoesC5
I purchased a 09 Z06 last week. Traded in my 98 C5 coupe w/29,7xx miles. I did okay on the deal. The Z06 was MSRP of $80,015 and I wrote them a check for the amount of $51,538 for the differance. That was out the door, but not including TT&L.

The dealer has my old C5 on the lot for $20,825.

so the dealer gave you about 14K for your C5?
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Old Aug 8, 2008 | 02:05 PM
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Originally Posted by vettesplus
sounds like the dealer got the short end of the stick on that deal, but that ok.......
I'm guessing they sell 500-600 new and used vettes each year, so I guess they know what they're doing. I'm not complaining.
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Old Aug 8, 2008 | 02:15 PM
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I have spent the last few weeks looking and I don't think much is changing for the older C5's. Now the early C6's have dropped considerably since 0% was offered last week. I was looking at a '05 that dealer dropped 5K yesterday to under 30K to make the deal. They were very firm at $34,900 last week.
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Old Aug 8, 2008 | 02:24 PM
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Originally Posted by warren s
so the dealer gave you about 14K for your C5?

$17,500. I bought the Z06 with the GMS which was $69,038. Dealer told me they would rather have C5's as trade-ins vs C6's so the used car lot was not in competition with the new car lot.

Last edited by JoesC5; Aug 8, 2008 at 02:26 PM.
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Old Aug 8, 2008 | 02:45 PM
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Don't forget, dealer gets a % of completed new car sales at the end of the year from GM -- it's called "holdback" -- and that $ is added profit. (Google "GM holdback" for details)

Here in the NW, Vette prices tend to be higher. C5s seem to be holding their own (except for high-mileage examples), but 2005 C6s are running only a couple thousand more than late C5s.
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Old Aug 8, 2008 | 06:52 PM
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Originally Posted by RacrX
Are they about to get crushed more with the 0% new C6 deals going on right now?
I sure hope so, I need a second C5 for the Wife!
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