C5 Values (Depreciation?)
Le Mans Master
Joined: Sep 2016
Posts: 6,480
Likes: 555
Depends on what your definition of "collectors car" is...I consider ALL Corvettes collectables, it's just that some are in much higher demand, and also command much higher resale prices than others do...
Team Owner
Joined: Mar 2001
Posts: 21,325
Likes: 3,841
From: small town in S.E Pa. PA
St. Jude Donor '03-'04
Just wanted to give you an idea what is out there. My car isn't a garage queen, I drive it I sometime go to the hospital and doctor, grocery store, out to dinner, to my gun club with it etc. Of course a cruise on a nice day is always a consideration.
Last edited by Evil-Twin; Dec 31, 2016 at 02:44 PM.
Melting Slicks
Joined: Jan 2016
Posts: 2,398
Likes: 768
From: jefferson texas
I look at C5's as a drivers car, pure and simple. Picking up a super clean and meticulously maintained C5 in the $15 to $20 thousand range is entirely doable with a little patience. Just my gut feeling but I don't think a really nice low mileage C5 is going much lower, if at all, especially verts, 6m cars and, of course, nice Z's. These are not investment cars and they are not six figure C7's, Porsches, etc. I see them as a really terrific and fun drivers car that can be had, even the nicest examples, at almost unbelievable prices, considering the performance, style and fun factor. Even should my '99 30 thousand mile 6m vert drop a bit under the 16.5 that I paid I would consider it to be inconsequential when compared to the ownership experience and overall performance value for the dollar. When I think of what I would have to spend on anything else to get the same overall level of, well, everything, it just makes me smile. Y'all take good care and Happy New Year, please have a safe one!
Last edited by friou; Dec 31, 2016 at 09:01 PM. Reason: word error
Team Owner
Joined: Mar 2001
Posts: 21,325
Likes: 3,841
From: small town in S.E Pa. PA
St. Jude Donor '03-'04
This is how most of us feel about our nice C5's.... to replace it and get the same kudos, and rush. We would have to spent 65K and then another 15 % to make it our own. at 80 K plus 5 K in tax.. what exactly would we be getting. a New car, Payments , New technology. Its always nice to have the feel of getting the key for the first time. I've done that 27 times and it is a buzz. I just don't think that 80K will equate to the amount of sensory pleasure it would take to replace the sensory pleasure I get from my C5. I have no interest in a C6,,, a C7 is a nice car. but at my age, a Heritage C7 Grand sport would be my only choice and a selfish one at that.
Burning Brakes
Joined: Jan 2011
Posts: 1,067
Likes: 46
From: Springfield IL.
Oldtimer
I bought my 99 in Feb of 11 for 12 grand with 120,000 on the clock. Did about $600 worth of repairs and maintenance right off the bat. Was offered 16 grand from a fellow I worked with that summer. Put new tires on it and new seat skins and foam a couple years ago. It's got 146,000 on the clock now, which nobody believes until I show them the odometer. Didn't drive it much this year as my wife has been really sick, but she was able to go on a couple cruises with me, top down, and she really enjoyed it. My daughter wants it bad, and says she'll pay more than I have in it. I'll have to help her find one this spring, if I can't find her a good one, I'll let her have mine. I believe they are worth about what they were worth 5 years ago. At least around here.
Melting Slicks
Joined: Feb 2007
Posts: 2,533
Likes: 3
From: New fairfield Connecticut
Racer
Joined: Apr 2015
Posts: 428
Likes: 30
From: Cape Coral, FL
Informative. Seeing how I won't have time to enjoy the driving of it. I may skip a Carlisle purchase and just go for research. Then buy a C5 with the Winter Discount before Christmas.
A well maintained 2001 silver base coupe, auto with under 50K miles for $12,000 is the goal.
A well maintained 2001 silver base coupe, auto with under 50K miles for $12,000 is the goal.
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