Yup
Safety Car
Joined: Mar 2015
Posts: 3,638
Likes: 245
Haha haha major yup.
Forget I said 14k all day on a super low mileage c5, now it just tanked to 9k.
But I do agree with the pic and c7 ouch.... Will suffer
Of course no one wants the reality and still will ask for a million bucks for their beloved corvette.
Forget I said 14k all day on a super low mileage c5, now it just tanked to 9k.
But I do agree with the pic and c7 ouch.... Will suffer
Of course no one wants the reality and still will ask for a million bucks for their beloved corvette.
Last edited by My Vette Life; Jul 19, 2019 at 01:14 AM.
Melting Slicks
Joined: Mar 2008
Posts: 2,962
Likes: 254
From: Richmond, Ky
I don’t see a real correlation between the new C8 and the prices of C5,s. I would think that most C5 customers are in the market for a 10 to 20k sports/ get car. Most people in that market aren’t likely considering a C8 even at the surprisingly low entry price of 60k. The only way I see a big price drop will be if current owners show up at dealerships with their C5s wanting to trade them in for a C8. JMHO yours may vary. I’d say current C7 inventory may see some deep discounts unless the dealers elect to do their LOA add on stickers to the C8.
Instructor
Joined: Jan 2012
Posts: 133
Likes: 39
From: KY
I disagree. Not one of these will be zero option $60,000 cars, most will probably be in the $72,000 range. Then you have 2-3-4 years before they even begin showing up on the used market, and probably in the $55k-$65k range or higher. Not many people are cross-shopping $15k vs $55k used sports cars. I think C5s will just continue along the normal depreciation curve, but not falling as far as C4s have.
Burning Brakes
Joined: Jul 2014
Posts: 1,170
Likes: 253
From: Oconomowoc Wisconsin
I agree with JeffNReg. GM is not going to build the $60,000 base car unless someone orders one that way. Most will be optioned out at $70,000 - $75,000. A low mileage, well taken care of C5 is a great value. The C5 still looks great and modern 22 years after it’s initial introduction and has the largest interior space of any Corvette.
Drifting
Joined: Oct 1999
Posts: 1,390
Likes: 110
From: Cincinnati OH
Cruise-In I Veteran
I like the way my C5 looks for the same reason I like the way my wife looks; Curves, not edges.
I admire the technical advances and the power and the etc. but I determined long ago that the older car just works for me.
I owned a '97 and the 2 advances in my 2003 I really like are the HUD and the F55 suspension. I also got 5 more horses but 345 was more than enough to get me in trouble years ago.
All that said, though, I think the C8's best quality will be making the tent larger. All those people who have lusted for NSX's, R8's or 488's now have a chance to see what the home team does in that ballpark.
From one of the old kids, "welcome!" to the new kids.
I admire the technical advances and the power and the etc. but I determined long ago that the older car just works for me.
I owned a '97 and the 2 advances in my 2003 I really like are the HUD and the F55 suspension. I also got 5 more horses but 345 was more than enough to get me in trouble years ago.
All that said, though, I think the C8's best quality will be making the tent larger. All those people who have lusted for NSX's, R8's or 488's now have a chance to see what the home team does in that ballpark.
From one of the old kids, "welcome!" to the new kids.
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Burning Brakes
Joined: Jul 2018
Posts: 1,113
Likes: 144
From: Miami
Man at this point, why the hell would one even sell their C5? Especially if it's still in good condition and delivers good thrills/$ and more thrills than headaches, why the hell sell it for a miserable $6k? I wouldn't unless absolutely, unequivocally necessary.
Burning Brakes
Joined: Aug 2017
Posts: 958
Likes: 177
From: Newark Delaware
I agree. Obviously the Zs will hold some value, but higher mileage bases that are bringing sub 9k now, will only go down when the price of the C7 is slashed (and it will be), which in turn will kill the market for the C6 and so on and so on. I don't think we'll see the $2,500 C5 like we do on a regular basis with C4s, but 6 grand? I'd bet money on it.
Last edited by Robrote; Jul 19, 2019 at 02:30 PM.
Drifting
Joined: Nov 2003
Posts: 1,645
Likes: 65
Would I love to get a C8, yes, but I can't see parting with $60k-$70k for a weekend driver, I do see a used C7 in the future, but there are to many vacations and other things that are more important to me to buy a C8.
Thread Starter
Burning Brakes
Joined: Feb 2012
Posts: 1,135
Likes: 258
This is basically the only reason I’ve decided to invest heavily back into the car this year. It’s not worth selling...even now.
Melting Slicks
Joined: Jan 2016
Posts: 2,398
Likes: 768
From: jefferson texas
Well, I'll be the first to admit that the new C8 is priced considerably, like a whole lot, lower than I thought, at least for a base model. Time will tell on optioned up models. I still don't think nice C5's will go much lower (perhaps wishful thinking on my part?) than they are now. At least, I sure hope not! In the meantime I continue to enjoy my 40k miles black '99 vert 6m. I am admittedly intrigued by the C8 and can't wait to see one in person. From pics and videos the cockpit looks super modern but cramped. I'm looking forward to a visit to the dealer for an in person looksee. Best wishes to all!