Can someone explain the math?
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Pro
Joined: Apr 2012
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From: Maine
Can someone explain the math?
I’ve seen a lot of Corvettes that were sold with almost no miles for less then what the original price was, this makes no sense to me. The person put the Corvette into a climate controlled garage for years then sells it? People will say it was an investment, my checking account gives me more??
Drive the dam car !!
Drive the dam car !!
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99% of all cars, and that includes Corvettes, are not an investment. They depreciate and any modifications also depreciate.
Over the years, I've seen high-mileage Corvettes that look like they were just drove off the showroom floor and I've seen low-mileage Corvettes that look like hell.
Buy it, mod it, personalize it, drive it, and enjoy it!
Melting Slicks
Joined: Oct 2008
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From: DC
St. Jude Donor '09-'10
Owner could've purchased it with high hopes and dreams. Wife gets pregnant, so priorities change. Don't want to sell it yet because he just got it. Few years pass, kid grows up, owner goes for a few drive but he doesn't want to put a carseat in it. More years pass, owner rarely drives it. Kid's in school. Need some extra money, vette is paid for but can bring money in. Let's sell it.
Point is that everyone has a story. No point in judging people.
Point is that everyone has a story. No point in judging people.
Le Mans Master
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From: Rotonda West, FL 2015 Z51 M7 3LT
Oldtimer
Yep, I buy 'em to drive 'em. Only reason I don't take 'em out if it's gonna rain is that I don't want to have to detail them any more often than I have to. And I absolutely refuse to drive a dirty Vette.... <shudder>
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St. Jude Donor '12-'13-'14
A couple of reasons.
The C5 is not an investment no matter what way you look at it.
The economy is in the pits.
The C5 is 9 - 16 years old.
Take your pick.
Sure the C5 is a great value for what you get, But it is not a car you will make money on by not driving it.
Mr.Bill
The C5 is not an investment no matter what way you look at it.
The economy is in the pits.
The C5 is 9 - 16 years old.
Take your pick.
Sure the C5 is a great value for what you get, But it is not a car you will make money on by not driving it.
Mr.Bill
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From: Rotonda West, FL 2015 Z51 M7 3LT
Oldtimer
I don't think anyone gets "bent" about folks letting them sit, we just don't understand it. They certainly aren't going to appreciate in value, that's for sure so what we don't quite comprehend is why they were bought in the first place... but get "bent" over it? Far from it.
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I laugh when people say "I've invested $10K into the car" when the truth is they spent $10K on the car. I know a guy who could not understand why someone would not pay an extra $15K for his Corvette because he installed $15K worth of mods. Guess what, the mods are also used!
I just try to use the word "investment" correctly as I would like better than a -50% return rate on my investments.
Drive it, don't drive it, look at it, do whatever you want. Just don't kid yourself and think that it's an appreciating investment.
Last edited by MSG C5; Feb 25, 2013 at 04:43 PM.
Thread Starter
Pro
Joined: Apr 2012
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From: Maine
I don't think anyone gets "bent" about folks letting them sit, we just don't understand it. They certainly aren't going to appreciate in value, that's for sure so what we don't quite comprehend is why they were bought in the first place... but get "bent" over it? Far from it.
100% I won't say 110% either because that makes no sense.
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Have to agree with that. Doesn't matter to me whether the owner keeps the mileage low - makes for a good deal for the next buyer if the maintenance has been kept up.
Instructor
Joined: Feb 2013
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Stay happy
I have just recently bought my 03 z06 with 10k miles - in the couple months I have owned it I have put down 4500 more miles. They are cars you are meant to keep for your lifetime - but most dont because they dont realise they aren't buying an investiment into $$$, they are buying an invenstment into your mental health and happiness. A lot of times people dont realise it until they find that kids are more important and provide more happiness
I put down miles on mine, I love it to death. Others keep it stored for good looks and fun, more power to them. The car was made to make people smile, long as its doing that then I feel use it for whatever you want.
The only unreasonable use of a corvette is the one that doesn't make you smile, or if your buying it to destory it just to make sure others cant get one......
I put down miles on mine, I love it to death. Others keep it stored for good looks and fun, more power to them. The car was made to make people smile, long as its doing that then I feel use it for whatever you want.
The only unreasonable use of a corvette is the one that doesn't make you smile, or if your buying it to destory it just to make sure others cant get one......
Drifting
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Are you having a break down? Out of medication? Whats up?
Melting Slicks
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This kind of thread happens many times of year, somebody cares that this happens.
Team Owner
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St. Jude Donor '03-'04
Why do people care so much what others do with their car. People seem to be so critical that some one doesn't drive their car much , or that others beat the crap out of it. Its almost as if those critical of others are trying to say that " Their " method of care, or the amount they drive it or don't drive it is the right way to do it and imply that anyone else who does it differently is somehow less of a car guy. Of course if some one wants to buy me a New C7, they can tell me how they think I should care for it.
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From: Pasco WA
I've had my 02Z for 10 years, and it's only got <19k miles. There's been lots of downtime while I was doing mods in my garage, but until the C7 came out, I've never considered selling it. Just love the new car, but I'd have to give up 200 or so HP, and mine's paid for, so....
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I’ve seen a lot of Corvettes that were sold with almost no miles for less then what the original price was, this makes no sense to me. The person put the Corvette into a climate controlled garage for years then sells it? People will say it was an investment, my checking account gives me more?? Drive the dam car !!
Melting Slicks
Joined: Jan 2008
Posts: 3,164
Likes: 7
From: CA
Why do people care so much what others do with their car. People seem to be so critical that some one doesn't drive their car much , or that others beat the crap out of it. Its almost as if those critical of others are trying to say that " Their " method of care, or the amount they drive it or don't drive it is the right way to do it and imply that anyone else who does it differently is somehow less of a car guy. Of course if some one wants to buy me a New C7, they can tell me how they think I should care for it.