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I own a 2003 Corvette Z 06 Fiftieth Anniversary Edition that has 19,000 miles. Does the car have long term collector value potential? I am new to this forum and Corvettes in general. My brother passed away in May and left me the car. I am trying to decide whether to keep it or sell it and put the money into an education trust for my 7 year old grand daughter. Thanks for any advice.
Sounds like you aren't really a Corvette enthusiast. You should probably sell it and invest the money. No one really knows what the car will be worth in 10 years or if it's value will even keep up with inflation.
No C5 Corvette is collectible and it is likely just going to continue to decline or stay near current value at best as a low mileage vette. The 50th anniversary edition is a widely produced package available in 2003 which was a Ruby Red type color with grey interior. This was not available on a Z06. All 2003 Z06s are labeled anniversary. It is a great car for an enthusiast, but not an investment.
Last edited by Vetteman Jack; Sep 8, 2018 at 11:50 AM.
Most college degrees are worthless and aren’t anywhere near what the kid ends up doing for employment.
If you’re going to **** it away on college I’d just burn the money in a campfire and roast some marshmallows. At least that way you’ll get some use out of the money.
I agree. No C5 is collectable because there are now and has been more sellers than buyers. Many sellers are dreaming about appreciation and big prices. Sounds like a nice car. NADA will tell you what it is worth. Sell it because the price will only drop in the future. There has been talk about C5's reaching the bottom (prices) but then there is reality.
I agree. No C5 is collectable because there are now and has been more sellers than buyers. Many sellers are dreaming about appreciation and big prices. Sounds like a nice car. NADA will tell you what it is worth. Sell it because the price will only drop in the future. There has been talk about C5's reaching the bottom (prices) but then there is reality.
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Who knows what the market will do in terms of the C5, but IMO it will be many years, if ever, that a C5 will be deemed a collector car in terms of investment potential. The C5 prices, especially for something like a low mileage Z06, seem to hold their value fairly well but they too are subject to the depreciation cycle. If you are not really interested in keeping and enjoying the car, it would probably be best to sell it now for the best price you can get. Remember that as winter approaches, cars like the Corvette do get harder to sell, especially in the northern states where winter weather is a factor. And prices generally drop as winter approaches.
Most college degrees are worthless and aren’t anywhere near what the kid ends up doing for employment.
If you’re going to **** it away on college I’d just burn the money in a campfire and roast some marshmallows. At least that way you’ll get some use out of the money.
That's a load of crap.
On average, an individual with a bachelor's degree earns approximately $66,872 per year, compared to the $37,076 average yearly salary of a worker with a high school diploma.
Of course some people don't get much out of a degree, but that is their own fault.
Here's my take. As far as being valuable Corvettes tend to rise in value, but that is long term well past the time Chevy makes future generation Corvettes. If we take a look at past Corvette history and the selling market it tends to fall on Corvettes that have some kind of historical significance attached to them. The other Corvettes that have a "value" would be those that have low production or some kind of "special model" for that generation. I would argue that the Z06 would fall into this category compared to coupes since they are essentially the performance model for the fifth generation. Another option for you would be to give the Corvette as a graduation gift to your grand daughter and turn it into something that could be passed down to future generations.
Sell it and put the money into a secure investment. Hire a fee based financial planner for advice and get a second opinion - worth the money. (From an insurance agent)
Here's my take. As far as being valuable Corvettes tend to rise in value, but that is long term well past the time Chevy makes future generation Corvettes. If we take a look at past Corvette history and the selling market it tends to fall on Corvettes that have some kind of historical significance attached to them. The other Corvettes that have a "value" would be those that have low production or some kind of "special model" for that generation. I would argue that the Z06 would fall into this category compared to coupes since they are essentially the performance model for the fifth generation. Another option for you would be to give the Corvette as a graduation gift to your grand daughter and turn it into something that could be passed down to future generations.
I would pass on that, no sense storing a car no one is interested in. If a car isn't driven it self destructs.
for a car to be collectible you have to prove it's rare.. like a 69 big block 4 speed vert with factory air.. I can't imagine there are more than 100 or so of them. the 1992 ZR1.. 80 were yellow. and although rare, who knows if it is "valuable".
that said anything can have value to the right buyer. in 40 years yeah, you might find some guy whose rih daddy bought him that version of the car for his 16th and desperately wants another
I have to laugh at most of these comments as I have heard them before about my 1975 T-Top.
I ended up selling it just recently for mid 20'sK.
More than double what I paid new for it and was able to get over 40 year's of fun on top of it .
More than happy on the return of what all the nay sayer experts had to say.
I have to laugh at most of these comments as I have heard them before about my 1975 T-Top.
I ended up selling it just recently for mid 20'sK.
More than double what I paid new for it and was able to get over 40 year's of fun on top of it .
More than happy on the return of what all the nay sayer experts had to say.
With that thought, the OP/owner just has to hold on to his car for around 25 years and he'll be solid.
Corvettes tend to lose value once they leave the show room floor. Over the years they continue to lose value for decades until the time when there are not many of a particular model left on the road. Then they start to increase in value and the rare optioned models increase more. Back in the day you could have bought a used C-1 for $1200, I know because I almost bought a '61 convertible in '69 for that. Now you need to add about $40K to that figure for a good one. C-2s were running anywhere from $1500 up. I purchased a '66 427 (425hp L72) 4 speed fastback in 1971 for $1800. Was a great car. Now days that car hovers around $100K. So my advice would be to drive the car, enjoy it, and start a separate college fund for your grand daughter. Your C-5 won't be worth much more than it is at this moment 20 years from now.
Previous generations of Corvette have been through the depreciation/appreciation cycle as numbers reduce due to accidents, etc., etc. Plus there were various rare options. The C5 has another time bomb - irreplaceable electronics. Chevy does not make them any more, nor do the OEM vendors, and reverse engineering is "out" because of (a) the skills and technology involved, and (b) the fact that how these gizmos work is covered by patents and copyrights. Try marketing an aftermarket replacement EBCM and you can bet $$$ to donuts the good people from Bosch would be on your case. Plus, of course the liability issues would probably stop any such project in its tracks.
Going to be a lot of otherwise good electronics-intensive cars parked in the future because of lack of parts - and C5/6/7's etc., will be among them. Sad, but as they say, it's "the price of progress". Want a collectable? Buy an "analog" vehicle.
Last edited by jackthelad; Sep 8, 2018 at 02:19 PM.
All 03 Vette’s are 50th. Anniversary models and came in many colors. Only the Anniversary Edition came in Anniversary Red, not Magnetic Red as many think. All were loaded and then some with items that were not even an option and hade the Shale interior and Champagne wheels.
Keeping yours is totally up to you and what is best for all concerned. College education does mean something, I don,t but it was my choice, have done well. It is what you make of it is up to that person only. BS on not having one it does make a difference, more so in these days.
Sounds like you aren't really a Corvette enthusiast. You should probably sell it and invest the money. No one really knows what the car will be worth in 10 years or if it's value will even keep up with inflation.
Unless the car has sentimental value, I would sell and put the money in ETFs or index funds. Even if the car does appreciate, it will take a while and will will probably not appreciate faster than the rate of inflation...at least in the short term.
Given the fact that the car is a Z06 with low miles, you can get decent coin for it right now which could do much better in a good index fund.
You'll be waiting about 10 more years before C5s start to see any significant appreciation.
Collectible corvette?
