Would sell mine and get an economy car, but this thing gets 30 miles per gal.
Did c5`s drop value that much
Safety Car
Joined: Jan 2007
Posts: 4,225
Likes: 0
From: The Great Truth: "There ain't no free lunch"
St. Jude Donor '08-'09-'10-'11
Drifting
Joined: Sep 2008
Posts: 1,410
Likes: 2
From: Chicago IL
I see it as normal depreciation..
How much do BMW M3's cost? They were like $40K+ new too.
Same with anything.. it's a car.. I don't understand why everyone thinks a corvette is a rare collector's toy.
I do think the early C5's have bottomed out on price.
How much do BMW M3's cost? They were like $40K+ new too.
Same with anything.. it's a car.. I don't understand why everyone thinks a corvette is a rare collector's toy.
I do think the early C5's have bottomed out on price.
Melting Slicks
Joined: Jan 2007
Posts: 2,170
Likes: 6
From: Oilerville Edmonton
St. Jude Donor '08
what have you got for sale? how much, mileage, options??? Get us some info. I think you need to work a little harder to sell it if that is really what you want to do. I have a buddy looking for a vette...
Racer
Joined: Mar 2007
Posts: 422
Likes: 0
From: California
I'm planning on keeping mine for a long time. Pretty much done exactly the way I want it. Stereo, rims, a few performance mods here and there and everything else the car has, its great. Plus with a daily driver, I keep the miles and wear and tear low. Hopefully I can keep the mod bug at bay somewhat.
Race Director
Joined: Jan 2008
Posts: 16,028
Likes: 170
From: oregon
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Verdad Gallardo
Pro
Joined: Jan 2008
Posts: 675
Likes: 3
From: Riverside, California
Me too!! 
Paid for and I love driving it. (although I haven't been stateside since June and it's in mothballs in the garage until I get on R&R again, maybe in December now) I sometimes do some mods which are for my personal taste only (nothing radical) and as the C6's are so damn ugly I wouldn't want one, there's nothing else out there that gets my interest. So, why not just keep it. Maybe in another 10 years there might be something else but for now there isn't. If in 10 years its value is zero, I've definately gotten my money's worth out of her in the pure pleasure of driving a car that I love.
Padrino
Paid for and I love driving it. (although I haven't been stateside since June and it's in mothballs in the garage until I get on R&R again, maybe in December now) I sometimes do some mods which are for my personal taste only (nothing radical) and as the C6's are so damn ugly I wouldn't want one, there's nothing else out there that gets my interest. So, why not just keep it. Maybe in another 10 years there might be something else but for now there isn't. If in 10 years its value is zero, I've definately gotten my money's worth out of her in the pure pleasure of driving a car that I love.
Padrino
Pro
Joined: Aug 2003
Posts: 630
Likes: 81
From: VA
I think a lot of C5 sellers are hurting themselves with asking such high prices. C6 prices are tanking too. If you look there are many C6's in the mid-to-high 20's now. Most C5's should be in the teens to low 20's, but are being priced the same or even more than C6's.
Instructor
Joined: Oct 2009
Posts: 239
Likes: 0
From: Long Island/Pompano Beach
I'm with Padrino.
As I said on another thread I just bought mine. I looked at the market for quite a while and in the end I overpaid for it because I bought it from a relative who is hurting financially.
Now that I own it, I don't plan to let it sit in the garage and depreciate. I plan to drive it every day it doesn't snow.
As I said on another thread I just bought mine. I looked at the market for quite a while and in the end I overpaid for it because I bought it from a relative who is hurting financially.
Now that I own it, I don't plan to let it sit in the garage and depreciate. I plan to drive it every day it doesn't snow.
Racer
Joined: May 2007
Posts: 395
Likes: 0
The trouble is trying to get a loan on an "OLD" car..you can run down to a dealer and for a few bucks down and a couple of hundred a month own a very nice new MB or BMW. Also the banks WILL finance your new car loan while they will turn you down for a loan on most used cars. REMEMBER the c5 cars are getting to that 10 year cut off mark where no bank will give you a loan.
Le Mans Master
Joined: Apr 2001
Posts: 5,305
Likes: 9
From: Weston FL
.... Previous generation priced at the same price as current generation.I was first looking at C4's... but heck, some of them are priced almost as high or HIGHER than some C5s... or "where C5s should be priced at ".
Back in 01 -02, it was the same thing with late C3s and early C4s... They depreciate like any other car...way too many of them in nice condition to choose from.
Drifting
Joined: Feb 2006
Posts: 1,600
Likes: 2
From: Outer banks North Carolina
I bought my c-5 coupe because I like c-5s.. not as an investment! Cars generally make poor investments [with a few exceptions]. I personally believe that if you all of a sudden must sell a Vette you probably couldn't afford it to begin with! A c-5 is probably the best"bang for your buck" you will find for a performance/daily driver you will ever find.
besides, "I love big butts and I cannot lie" Dave
besides, "I love big butts and I cannot lie" Dave
Instructor
Joined: Oct 2009
Posts: 123
Likes: 0
The trouble is trying to get a loan on an "OLD" car..you can run down to a dealer and for a few bucks down and a couple of hundred a month own a very nice new MB or BMW. Also the banks WILL finance your new car loan while they will turn you down for a loan on most used cars. REMEMBER the c5 cars are getting to that 10 year cut off mark where no bank will give you a loan.
