Year specific Value
Thread Starter
Melting Slicks
Joined: Mar 2018
Posts: 2,502
Likes: 187
From: California
Year specific Value
Looking at the rpo codes. Some indication that the value of the c5 should be more. There were for example 18k base models built. And you can also match up how many optional model were made along with optional parts. 20 plus years down the line how many of those Year specific cars are left? The value on these cars should be taking a significant rise in value what’s up with that? It’s just to underrated especially with interchangeable parts!
Instructor
Joined: Jul 2019
Posts: 158
Likes: 104
They made 250,000 C5s in various flavors. There are already too many people that "know what they got" and want twice what the car is worth because they feel like theirs is rare because it's 1 of 1500 made in a particular color combo with a certain option.
These cars are not investments.
These cars are not investments.
Thread Starter
Melting Slicks
Joined: Mar 2018
Posts: 2,502
Likes: 187
From: California
A total of how many still exist on the road would be great to know ..
According to a forum in 2016 28k something. It’s almost 2020! It’s due a for new review!
According to a forum in 2016 28k something. It’s almost 2020! It’s due a for new review!
Last edited by Speedy007; Nov 15, 2019 at 02:45 PM.
Melting Slicks
Joined: Jun 2013
Posts: 3,473
Likes: 691
From: West Virginia
Here's my rule of thumb for the coupes: 1997 $10k. Add $1k per year, so a 2004 about $17k. Not perfect but close. Obviously verts and Z06's are more. Even the FRC's are a bit more - some rarity value, and you can produce a Z06 look alike very easily. Personally, I don't like that style, but that's just me. Apparently Chevy did not like it either as they never made an FRC after the C5.
Safety Car
Joined: Aug 1999
Posts: 4,455
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From: South East
Not to mention time of year, and location. Values vary too much, look at what others are going for locally, say +/- a model year, and similar miles - then you know what the average is vs. high/low $.
Melting Slicks
Joined: Sep 2012
Posts: 2,215
Likes: 782
From: Fort Myers Beach Florida
About seven years ago when I bought a C5 vert I heard the same story. Prices were at the bottom. Since then the prices have dropped about $1,000 a year. Prices are determined by supply and demand and there are so many C5's available prices will continue to drop.
As C7 prices drop when the C8 is released demand for the 20 year old C5 will drop again along with prices. Rare colors and even the precious Z06 models will all see values drop in future years.
As C7 prices drop when the C8 is released demand for the 20 year old C5 will drop again along with prices. Rare colors and even the precious Z06 models will all see values drop in future years.
Team Owner
Joined: Mar 2001
Posts: 21,325
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From: small town in S.E Pa. PA
St. Jude Donor '03-'04
About seven years ago when I bought a C5 vert I heard the same story. Prices were at the bottom. Since then the prices have dropped about $1,000 a year. Prices are determined by supply and demand and there are so many C5's available prices will continue to drop. As C7 prices drop when the C8 is released demand for the 20 year old C5 will drop again along with prices. Rare colors and even the precious Z06 models will all see values drop in future years.
As C7 prices drop when the C8 is released demand for the 20 year old C5 will drop again along with prices. Rare colors and even the precious Z06 models will all see values drop in future years.Corvette Stories
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No Hostility Be Happy
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From: South Hill Wa
2022 C5 of the Year Finalist - Modified
2021 C5 of the Year Finalist - Modified
With the lack of available parts and more becoming obsolete.. vendors will be giving up on these 20 year old cars. their value will become flat, like all the other generations.. there are always exceptions.. but in 1/4 million, chances are slim many cars will become a higher value over time.
That being said, there are of course a lot of things that can fail on these cars and they will continue to drive just fine.
Team Owner
Joined: Mar 2001
Posts: 21,325
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From: small town in S.E Pa. PA
St. Jude Donor '03-'04
Moderator
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From: US
I just went through this myself... sell the car for what, $15k max, or do a refresh, probably spend twice that much, but have a car I really enjoy (guess which option I chose :-) ))
Melting Slicks
Joined: Aug 2014
Posts: 2,461
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From: East Windsor NJ
At the King of Prussia rest stop on the way to Carlisle I spoke with a C6'er outside - said he had never seen a non-Z06 FRC before. Similar story when my starter died at track day and Conte took care of it - said he'd never seen one before. But doesn't mean its going to be worth buckets of money
Melting Slicks
Joined: Sep 2012
Posts: 2,215
Likes: 782
From: Fort Myers Beach Florida
At the King of Prussia rest stop on the way to Carlisle I spoke with a C6'er outside - said he had never seen a non-Z06 FRC before. Similar story when my starter died at track day and Conte took care of it - said he'd never seen one before. But doesn't mean its going to be worth buckets of money
Burning Brakes
Joined: Nov 2009
Posts: 828
Likes: 103
From: Olney MD
I sold my C4 6 speed vert a couple of years ago and bought a C5 AE vert. People on the C4 forums were singing the same song about 'How long is it going to be before the value of my C4 goes up?' C5s and C4s are great sports cars, but you'll be a lot happier if you don't delude yourself into thinking it's an "investment." Just have fun with it, take in a car show or an autocross and enjoy the compliments you get for having such a cool car. Take comfort in the fact that you're much better off than the people who "invested" in beanie babies!
