Future C5 Prices
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Really hard to say. Some sources say for a really low mile, well maintained car the prices are appreciating a bit. Obviously the more miles that are put on a car the lower the value will be.
Racer
Joined: Mar 2014
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From: Southern NH
Am I the only one that thinks they already have? I mean, its based on mileage but I can't see a clean c5 coupe with say 100k miles selling for much less than $10k and that's about where they are. Of course you will find cheaper with high miles or bad titles but your everyday average 100k vett seems to have stopped at $10k for the last few years.
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From: The Rock Arkansas
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I think the prices have pretty much bottomed out..due to the high production and long model year run, there will be C5s all over the price sprectrum...from sub 10k cars that need alot of love to 20 to 30k low mileage minters...
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With cars this old, it's all about condition and how they were maintained...
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Joined: Jan 2008
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From: oregon
i don't think they ever really do as condition becomes so big of a factor. we're also bumping into a generational thing. a lot of younger people just aren't that into cars. down the road this will play on value
nice stuff really hasn't went down over the past few years. c4s have been stable but only the really good ones. cars like the c5z have real draw since so few $15-20k cars can compete with them. the evo8 really the only one i can think of and they are very value stable
nice stuff really hasn't went down over the past few years. c4s have been stable but only the really good ones. cars like the c5z have real draw since so few $15-20k cars can compete with them. the evo8 really the only one i can think of and they are very value stable
Team Owner
Joined: Jun 2004
Posts: 96,209
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From: Houston Texas
St. Jude Donor '09
i don't think they ever really do as condition becomes so big of a factor. we're also bumping into a generational thing. a lot of younger people just aren't that into cars. down the road this will play on value
nice stuff really hasn't went down over the past few years. c4s have been stable but only the really good ones. cars like the c5z have real draw since so few $15-20k cars can compete with them. the evo8 really the only one i can think of and they are very value stable
nice stuff really hasn't went down over the past few years. c4s have been stable but only the really good ones. cars like the c5z have real draw since so few $15-20k cars can compete with them. the evo8 really the only one i can think of and they are very value stable
Those NSX's hold their value like very few cars do today, if they are well maintained....
Race Director
Joined: Oct 2011
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From: Holly Springs NC
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This! The problem for all Corvette owners concerned about value/depreciation is supply and demand. There's plenty of Corvettes out there, but not a lot of young owners and young folks are not as interested in performance cars as the older generations. When I joined a Corvette club, expecting to be one of the oldest members, instead I'm one of the younger members. Heck, we don't need member numbers, just show them your AARP card number. If the prices are going to stabilize, then interest in owning a Corvette has to increase otherwise any Corvette, including some of the older versions, will decline in value. GM reflects this by openly stating they are targeting a younger generation with the C7, let's hope it's successful.
Edit: As for the C5, I think prices will continue to decline, but at a slower pace than before and not as much in terms of dollars as the C6.
Last edited by roadbike56; Jul 21, 2015 at 08:29 AM.
Burning Brakes
Joined: Oct 2014
Posts: 874
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From: Detroit MI
It'll be completely dependent on C7 residuals. They impact C6, which impacts C5. As long as C7 residuals stay high like they are, the C5 is in good shape, especially the later model (01+) cars.
I've got a buddy that's been trying to find a late model C5 for a few months now. Nothing really worth buying below $18k or so. I bought mine last fall for $17k, and it seems like it could be worth more now if I wanted to sell it (yea right). Which bring me to another point...seasonality. Always buy a Corvette in the fall/winter and sell in the spring/summer.
I've got a buddy that's been trying to find a late model C5 for a few months now. Nothing really worth buying below $18k or so. I bought mine last fall for $17k, and it seems like it could be worth more now if I wanted to sell it (yea right). Which bring me to another point...seasonality. Always buy a Corvette in the fall/winter and sell in the spring/summer.
Burning Brakes
Joined: Sep 2014
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I've always calculated my cost of owning a vehicle by taking purchase price, add cost of maintenance , add add on's (mods), subtract what I sell it for and divide by months owned.
Only way to measure your true cost. Corvette will continue to depreciate, however purchased used so initial cost was much lower than new, and at the end of the day this car will be the lowest cost per month that I've ever owned. So while the value drops my pleasure driving it grows, sound like a good match.
Only way to measure your true cost. Corvette will continue to depreciate, however purchased used so initial cost was much lower than new, and at the end of the day this car will be the lowest cost per month that I've ever owned. So while the value drops my pleasure driving it grows, sound like a good match.
Burning Brakes
Joined: Aug 2010
Posts: 1,051
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From: Raleigh NC
I paid 20K for mine with 39k on it. Im pretty sure I can get within 3k of that if I sold it with 87k miles looking at the prices they are going for today around my area. So Id say that Z06's are holding up there Value VERY well.