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hey y'all, since I'm relatively new to the C5 community, I'm wondering what the values of C5s were before all this non-sense happened over the past 2 years. I am looking to pick up another C5, as I have realized a coupe is going to fit my life a lot better than the vert I have now. I am trying to decide if I want to suck it up for a year or 2 until prices calm down a bit or if I look for another one and then sell my vert. Or are prices right now pretty standard for C5s even before 2020/21??? Thanks.
Values are 30-50% higher than 2019 when folks started drinking those "hard Seltzers". That's really what triggered this whole mess . I paid 22k in 2018 for low mile 04z, built with LS2 based 427, built trans etc. It would go for high 20's low 30's now I suspect. I have no idea where the market is going....
You can sell high and buy high now, or sell low and buy low later. Seems to be a wash to me. The only way to really make out financially is sell now (high) and then wait until later to buy (low). How long would you be without a Vette is anyone's guess. If it were me and I really wanted to make a move, I wouldn't wait. Best of luck.
Of course a lot depends on the year and condition. Verts and manuals command a higher price. I paid $21K in 2013 for a "04 convertible. Prices dropped some after that. Just before the pandemic, somewhat higher mileage '97-'99 coupes could sometimes be found for under $10K. Most non-Z06s ran in the $15K-$17K range. Z06 was in the low twenties.
As I mentioned, verts tend to sell for more than coupes. Since you have a vert, and want a coupe, you might actually be able to make a little bit swapping them out(especially at this time of year).
I paid 11k for my 01 manual coupe 2 years ago come August. It had 106k on the ODO and was virtually unmolested. Today I see the same cars going for close to 20 if not a little over. Depends on the miles and how serious the seller is about selling. I think a lot of guys are putting stupid numbers on their cars just to see if anyone is willing to pay. I won’t get into the stupidity of the situation we’re currently in, but it’s not likely getting better anytime soon.
This world has a short term memory... I still here people tell me this real estate surge is here to stay.. Did we not remember 2008? Anyhow as quickly as values go up they can go back down just as fast... but IMO C5's will always have solid value so i dont think you can go wrong
Its funny how I can buy a new car and in 4 years lose 25 grand... but when I bought my C5 im worried that the market is going to crash and im going to lose 5k in 4 years.... lol.. go figure...best of luck C5's rule
From Corvette Magazine this past year, probably a little low now. This also makes no mention of the premium you will pay for a manual transmission in a base coupe or convertible
Prices on all cars are getting ridiculously high. They will adjust when the buyers stop buying. For now though, it's on like Donkey Kong. Got my coupe in 2021 paying $14,700 for it. It's worth more than $20k now.
The weirdest thing about inflation is that things like homes that should be skyrocketing in price but since most need a mortgage, they can't afford the monthly payment because of the higher interest rate thereby softening the mkt. Some don't qualify at the higher rate as well. Fixed, hard, tangible assets will save your *** in an inflationary economy. Unfortunately fjb is doing all he can to wipe out the average American family. Why does he hate us so much?
From Corvette Magazine this past year, probably a little low now. This also makes no mention of the premium you will pay for a manual transmission in a base coupe or convertible
wow. I’m afraid this is way off. These don’t take into consideration mileage and I wonder where they get their data from. Auctions broadcast on tv like barret Jackson or mecum?
I looked on hagerty for the value of my c5 after some guy selling a trashed c6 z06 with 125k for 43k on this site posted the values of those on that site and they were way high. I looked to see where they get there values from and it was Mecum auctions, the best of the best, no wonder!
so based on all this, my 02 vert 6mt in excellent condition is worth at least $25k? I don’t think so.
Prices on all cars are getting ridiculously high. They will adjust when the buyers stop buying. For now though, it's on like Donkey Kong. Got my coupe in 2021 paying $14,700 for it. It's worth more than $20k now.
The weirdest thing about inflation is that things like homes that should be skyrocketing in price but since most need a mortgage, they can't afford the monthly payment because of the higher interest rate thereby softening the mkt. Some don't qualify at the higher rate as well. Fixed, hard, tangible assets will save your *** in an inflationary economy. Unfortunately fjb is doing all he can to wipe out the average American family. Why does he hate us so much?
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Originally Posted by 4XLR8N
You can sell high and buy high now, or sell low and buy low later. Seems to be a wash to me. The only way to really make out financially is sell now (high) and then wait until later to buy (low). How long would you be without a Vette is anyone's guess.
This sums it up nicely. The market is just nuts right now as to pricing. Values have skyrocketed due to limited availability of new cars - once the supply chain catches up, I think prices will return back to what they were pre-pandemic.
There are things to consider about a C5 beyond it's age. Fact of life there are parts which are no longer available and non-repairable such as the instrument cluster. Original paint only lasts so long...are you willing to invest a large sum of money and time for a 24 year old car? These aren't C1's exactly.
C5 values
Thanks.
. I paid 22k in 2018 for low mile 04z, built with LS2 based 427, built trans etc. It would go for high 20's low 30's now I suspect. I have no idea where the market is going....
