Not out in the marketplace??? My dear boy, I've been around a lot longer than you and have had Corvettes all my life. According to your profile you have only been around 23 years, so I would assume that you've been interested in the Corvette market since say.....your 15 yrs old? That would be about 8 years educating yourself about the market of Corvettes opposed to my 48 years in the market. I have seen various Corvettes that were in demand and brought prices that are out of the norm for the average market. You have contradicted everything you said on your first post. You did say high $20's by summer, now you've changed your tune, so I would assume that most people on this site have your number already. Second of all, you first said that you did light mechanical work and own a mechanic shop, so why didn't you ask your own mechanics about what type of cam to put in, instead of asking here. Third of all, now you're talking as if you are a dealer and wholesaler. Did you get you get your dealers license yet? You missed the whole concept of what I was saying, and now you are misconstruing it all to make yourself sound right. Based on your posts and contradictions, in my eyes, you have lost all your credibility. So, I end my conversation with you, and will not waste my time any longer with someone who obviously hasn't even been around long enough to really know the Corvette people and community and the love for this automobile. Stick with your foreign cars, because you obviously know nothing about the Corvette market. If you would like to educate yourself a little more, give a call to Corvette Mike or other experts in the Corvette world. Maybe they can help enlighten you. Have a good day my boy!

 

Haha, do not let the age fool you, trust me I have been around cars all my life. I been to the marketplace, most of the auction around the U.S. However, I would not state that I know everything (such as yourself), market are very unstable, especially in the passenger car market. A guy your age, I assume that if you were 15 and you add 48 year of experience you are 63. At your age you should know that the marketplace is unstable and you should know Z06 will depreciate. It is a typical older guy that thinks a young guy knows nothing. Remember it is us young people that make the world's economy go around and around. I agree with you, age comes with knowledge, but also ignorance (to you). I hate to be so harsh, because I am a nice guy. But some of the comments you made just blows my mind. Since I was just hear stating my opinion, I get some maniacs like you taking down to me. I thought most guys your age would respect someone's opinion, but I guess not. But I am not going to let you, make me sterotype guys your age. Since, I have met many respectable man your age that are very easy going and very unbias.

I am very easy going and I know anything can happen in the market and you let the facts of all the past vehicles tell you how to predict the future. I do not let my opinion of a typical vehicle that can hold value, such as my first 3rd generation Rx7 interfer with facts. I know for a fact if they came out with another Rx7 than my car is going to depreciate.

Do not let yourself think that vette is the only vehicle in the market. From what it seems you only shop in the vette market. All passenger vehicle effect each other. Example: opps, you just had a kid, dang got to get rid of my vette and get a mini van :lol: (it happens)

You of all people should know that the market place is never stable and cars depreciate. It is just typical of someone your age, thinking that a guy my age has nothing under my belt. My father is your age even understand in the car market everything depreciates. Unless it is a rare car. Z06 is not that rare of a car. I see at least 2 or 3 a week.

Also how did I contradict myself. Maybe it is your old age, but I still said it would go for high 20's on the 02 Z06 by the summer. I am assuming that you would already know that if it was a low mileages 02 Z06 that it would still go for low to mid 30's. Most Z06 is not going to driven a lot, so I am sure there is going to be a lot out there under 25k miles. There is a good chance there will be some out there in the high 20's over the 25k mile range. I would expect you to already know when I stated the comment about high 20's 02 Z06 that I did not mean that all the Z06 is going for that price. That there will be deals out there for high 20's.

General mechanic, hmm... read that one more time. We do not specialize in performance and neither the majority of general shops in the U.S. only few shop specialized in cams and heads and even fewer dealing with corvette performance. Yes, I know how to do engine work, nothing with porting and so forth. Ask TTrotary, if you own an Rx7 you are going to learn something about cars. But it is not just being around an Rx7 I learn mechanic work. I also work with my mechanic at times when I am free. I learn how to inspect cars at the auction to decrease my chances of buying something that will have long term problems. Also when I have time, I will go get my hands dirty and do some work.

I saw you never never answered some of my comments on the pricing of the C4 20k miles and what a person would buy, a C5 or a C4 same price with the same mileage. You never even commented back on anything. All you said was age, contradicted myself, and the legacy of vettes. Never said anything about my statement that many C5 out there are not owned by people that go for the legacy, that most people buy vettes nows is because of great pricing, performance, and good reliablity.

I do not manipulate your words. I actually read each of your comments that I wanted to answer. Which I said first off, second, and so on. So that everything would not jumble up, so you could read each of my comments.

Like I said before, I am not here to down on the vette. I am just stating what the future will fare on the prices. There is not a shortage of Z06 out there, if there was, than yes, Z06 is going to stay high valued or even appreciate. But GM wants to make a lot of money, if they can sell a lot of Z06, they will. Like I said wait til June and July and we will talk.

Quick facts: October 2003 saw a Black 02 Z06 with 11k miles go for $34k at the auction. Which is close to the price guide I go by, I think about $900 cheaper than my guide ($34,900). I have the Janurary price guide $32,700. You probably find cheaper ones, like the $31k I found. Regardless, if you count the price guides in the past 4 months there was a $2,200 difference. Six months til summer with the anticipation of the new C6 is definitely going to mess with the Z06 prices. Z06 prices are bound to drop and it goes back to production level of the Z06. It is not that rare, if it was than I would say it would hold optimum value. I know you cannot look at guide to base judgement on the prices of the Z06. But I know in the marketplace there is good deals.

 

Wow I've seen the light! I'm going to pay somebody to take my Z06 from me! What a pathetic loser I am to have one.

FWIW, the new C6 has a price increase, right? Additionally, most new C6s will go for sticker if not more. Finally, I would imagine that the new C6 Z06 will be stickering for at least mid 50s to low/mid 60s (depending on options). The end result will be that the Z06 prices will stabalizing, since even at $40K for one it will be quite a bargain with the price increase of the new Z.

Finally, I notice that there a lot of low post people here talking about how worthless (money-wise) the Z06 is, yet I see that some of you down own a Corvette let alone a Z06. So perhaps before you start calling us all fools for owning a Z06, and how we got ripped, maybe you should go out and buy one.

:troll

-N

PS - you're all wrong, the depreciation is as a result of the massive # of Z06s sold and the incredible discounts offered by GM as a result of the horrible economy.

 

Most 2002+ Z06 cars will not even have over 25,000 miles by this summer. If you really want to pick up a 2002+ Z06 for a cheap price just remember that you will get what you pay for.

I am keeping mine so I guess I am helping to keep the values up. :p:

Spell checker please....

 

As one who has been shopping nationally for a used Z06 for the last few months I couldn't help but add my ignorant $.02 to this discussion.
I think maybe high 20s this summer will be more in the 01 range , not for a 02.
I figure I will be doing good to get a low mile 02 for around low to mid 30s or a 03 for mid to high 30s by summers end but who knows, prices might even spike if the C6 is priced high enough. Only time will tell.
Also, an earlier post equated ZR1s with Z06s as far as resale values. I may be wrong, but I think there were far fewer late model ZR1s sold and I expect them to hold their value better. :steering:


[Modified by Digital Disaster, 11:20 AM 1/12/2004]

 

No way would I go out and buy one now. Not when the future has a lot on store for the new C6 and the prices on the current Z06. Shoot, might as well go buy the new C6 Z06. Who said the Z06 was worthless (looking around). It is all about depreciation. Cough, low post (me or you or both) :lol:

P.S. There is a good amount of Z06 sold and the economy is not that bad off. You will know when the economy is bad. When construction are halted and nobody is purchasing houses, than you know economy is going down the drain. People are spending more now than they ever were in the past few years.


[Modified by AbadVette, 2:00 PM 1/12/2004]

 

Frank Parra Chevrolet, Irving TX, like them or not, will deal with you. Be ready to buy and know your numbers and have an exit plan if you don't like the offer.

Remember, you, control the the sale. If it doesn't go your way walk. These guys will deal. See J.R. Munoz, he's an ex-military guy and a squared away straight shooter. He's been selling Vettes for Parra for over 10 years. But as in Life, you need to be ready to deal. The best deal is, the deal you negotiated with good information.

Good Luck!

:chevy


[Modified by WFO, 11:39 PM 1/12/2004]

 

This coming from the financial genius who gauges value by looking at eBay.

Yah, you're a winner!

Now go away and keep saving your pennies till you can finally afford that high $20K Z06, we sure as heck know you couldn't afford one new.

-N

 

Come in off the ledge, Timeless. We all absolutley love the Vette. Some here may even feel your passion. But don't let emotions cloud your business sense.

Business is business. Whether your selling sweaters at Nordstroms, Corn at the corner grocer or Vettes down at Bob's. Prices will be, what they will be. What a dealership will charge for anything could be/will be a day to day, week to week or month to month decision.

When push comes to shove the deals fly if and when they need to. How much of a deal anyone can expect is typically predicated on any number of factors. What the market will bear in the particular region, what the sales/fiscal objectives are for that particular dealership and, product allocation on a given model to that dealership, etc.

No need to get any panty twisting here.

Just a suggestion, for what it's worth, everyone do your homework. (Not you in particular, Timeless, but, if the shoe fits do wear it.)

Know what Vette prices are all over the country, as this will give you a better indicator. Although prices will and do vary regionally, they do follow a trend. Also know what invoice really is, know what a "wash out sheet is", (you know, the sheet they try to hide additional charges on.) If you don't know something, anything, ask someone, preferrably before you get to a dealership, kabish? This is not the time to be afarid to ask for directions when you're lost.

Bottom-line: There's absolutely no excuse for not getting the deal you want, ever. When a customer is "truly" ready to buy, has the money, stellar credit or however you're going to pay for it, you literally own the floor, not the dealership. Unless this is a "one off" rare car or a first time production, as in the C6, where allocations are low at start and demand possibly high, then prices will usually be dictated for a short while. Even then, still do your homework and know what you really need to pay for the C6. You might be surprised, really.

If you don't like what your hearing or something smells like fish, get up and walk the %$& outta there, fast. Go somewhere else and tell everyone about your experience. If this is the only dealership around, I feel for you. Re-group yourself, step outside, go home, take a breather. Only return to the bargaining table after asking for a new sales person.

But please whatever you do folks, do the homework. Use the resources available to you. You will be so much happier in the long run.

:rant:

 

:rolleyes: :rolleyes: :rolleyes:

 

:leaving:

 

 

No kidding. I understand where you are coming from, but sometimes I think that people see one really low price, or some wholesale price, and think that is what everyone is paying, or what you can easily find a car for.

My experience watching Ebay Auctions, is that most people do reserve auctions to protect themselves because Ebay brings the lowest possible price for a car. I suppose the reason is that you are buying virtually sight-unseen.

Yes, I did my car from Kevin Will at Les Stanford (supporting vendor I think) here and shipping ran about $600.

You are most likely correct. There is still the chance though, once we see the final details on the C6, that the Z06 will prove to be the best all-around Corvette you can get until 2006. If so, that might prop the value for a year - especially with price gouging (I consider even sticker gouging!) on the C6's for the first year.

As an aside, I do find it interesting that dealers are doing sticker on the C6. The C5 was an easy $5k OVER sticker when it came out, so the market must really be weak on this type of car.

I'm most certainly going to wait for C6 Z06.

:cheers:

 

You got that right! I bought mine from Parra while working in Texas. Good selection and friendly people. However, it took me from 6 pm til after midnight to hammer out a deal. I still don't know who won.....But I love my car!! You're right....have your homework done before you show up there.I know he beat the dealers north of him and Parra responded to my requests via long distance after I bought the car, which puts him ahead of my local dealer in Alabama.
Back to the subject at hand. I think the barometer most dealers use on their lots is whats happening at the big auction houses. Jacksonville is used as a benchmark for many Florida dealers. Keep an eye on their prices over the next couple of months and the trend on resale of Z's will materialize. personally, I think the C6 will sell well and temporarily affect the Z, but not for long. When the new Z comes out and depending on the pricing, now that may be interesting. Stick a fork in me. :hat

 

I think there are a lot of people out there from non Corvette backrounds that have a lot of respect for the Z06. Stock out of the box it has more performance than their current modified rides. When they realize how cheap they are getting I think the prices will firm up. There are a lot of people out there who want the fastest thing they can afford (like me).

Also I just bought my TR 02 Z06 this weekend and I really hope I am right!

 

NO NO NO...


NO Z06 till Summer 2007! Why are you dreaming...?

Get the car now. Later they all disappear. C6 is NOT z06!!!!!

Get the message?

Good luck.
Bill.

Don't kick a good thing.
:D

 

Good reading.

http://zo6vette.com/forums/showthrea...threadid=51541

 

The C6 Z06 will cost more, period. As such I would imagine that the currect Z06 prices will stabilize (say around $40K) slightly after the new Z06 is introduced. It is my guess that the new Z06 will be much closer to $60K, making a $40K C5 Z06 quite a bargain.

-N

 

Nabbs. Who is fatherlarry is he a Priest. :confused: :confused:

I think he is on target about what will happen on the zo6

 

History says that the new body style and features will cause an initial price drop (5 to 10 per cent). However, shortly after the new release, the used prices will bounce back to a level higher than before. The amount of the increase is directly proportional to the increase in the price of the new model.

Should the '05 come out somewhere in the mid sixties, I expect the value of the C5's to increase by as much as two to three years of normal depreciation (e.g. increase 10 to 15% over current values).

However, even if the C5 bucks history and depreciates, I'll still keep mine and enjoy every minute of driving it.

dave