Going to be looking for an 03 or 04 Z06 this spring/summer. My thoughts are that with the introduction of the C6 and the level of performance it is offering, can I expect to see a sizeable drop in Z06 price? Do you think dealers will be discounting even more so they can to liquidate their 03 or 04 inventory? How much do you think they would drop it to? Maybe 38-44k for an 03 or 04?

 

There has been a lot of discussion on this topic recently and there seems to be a split in opinion. Some people believe that the prices on the 03 and 04s will continue to go down. Others have suggested that if the C6s are priced too high either by GM or by dealer markups, the prices on the 03 and 04s will not go down and might even go up. I tend to think that the former is more likely. However, the prices on both new and used right now are pretty darn good. By this summer, you might be able to pick up a used 03 in the high 30Ks or a used 04 in the low $40Ks. In fact, if my memory serves me, about a month or two ago, a forum member from your neck of the woods posted that he was selling his 04 for $41.5K. But, I personally don't see the brand new 04s going off of the lot for as low as you are thinking. Good luck.

 

I believe that with the release of any new cars, prices will drop for the previous model. I am interested in the 02 z06 and it will probably drop into the high 20's by the summer. I saw one on Ebay sale for 31k with only 20k miles on it. If there is high demand for the c6, then all year c5 and models will drop drastically.

 

Used cars prices will be partly driven by the financing on new cars. If zero percent continues all used cars will continue to drop at higher rate. Why buy used if you can pick up a new one for the same monthly payment. Whether GM can afford to continue zero percent depends on how strong a comeback the country makes and if rates go up.

As far as the emotional side, of model changeover, when I bought my C4 when the C5's came out, I was able to beat the wholesale Blue book by $5K. It was also the end of the year at the time. Never regretted it. Thoroughly enjoyed the car. With the C6 performance near the Z06, until the dealers stop marking up for the C6 (which they will) it won't be attractive for me to trade in my 02 Z06. I also will hold my final decision after the test drive.

 

I just purchased an 03 ZO6 for 40k. It had only 345 miles on it. Thought that was a good deal, so jumped on it!!! :steering:

 

Alabama is dreaming, the 02 Z wont drop to the high 20 because of the C6 coming out.. NO way that is only wishful thinking or is that dreaming? LOL..

Yeah maybe you will find a 50 thousand mile 02 or even 01 Z06 in the 20's, but just remember when you get all your coins together to buy one.

YOU GET WHAT YOU PAY FOR. and thats with anything you buy in this world.

Im with the last guy, that C6 will have to impress me awhole lot to get me to buy one. I would never ever ever buy a new change over body style the first year. Look at the 84 vette, the 97 vette and im sure there are more examples out there. I made the mistake of buying the first year of the Z28 coming out in 1982.. WoW did they have to work the bugs out of that car.

I said Nevermore, Nevermore. :rant:

 

Good deal on your new purchase of that 03 Z06.. but you and i know that is a RARE, VERY RARE deal you got.
What color did you get? you like it? thanks for answering.. T :cheers:

 

Yes, I agree with you. Sold my 96 Coupe a week ago Sunday. Spent the next two days 24/7 on the internet, until I found this deal. Color is EB/BLK. Don't know yet as it will be delivered this weekend. I will let you know then and post some pics. :jester

 

Great color Vettesrus. Im happy for you on your new purchase, i hope to find someone also looking for my low mileage very nice 02 Torch Red. I have a very clean garage kept one for sale on the board. I hope to see that Electron Blue Bad Boy soon. What did you get for your 96 if you dont mind saying.. thanks again. T. :hurray:


[Modified by White Hell, 2:11 AM 1/6/2004]

 

Not enough. Thing against me was it had a salvage title. Previous owner wrecked it. I got 12.5k. It only had 11k miles on it. Oh well, live and learn. What are plans when you sell your 02? :crazy:

 

Um, Whitehell I don't know how old you are, but the first year of the Z28 was 1967. BTW that first year came....stock....with headers and a cold air "cowl induction" in boxes inside the car. There were also "options" like special hardening for the rear axle gears, special NASCAR front spindels, and special fiberglass front seats available as "factory options". Yep, I still have the original Chevrolet brochure. Oh, and they WERE RPO Z28, but they did NOT have any such badge. Their only external identification was a "302" badge.

 

Sorry about that 63 Corvette. I was talking about the body change over in 1982 it was the first year of that body style and retooling of the Z28. And it had alot of bugs, YES i know all about the Z28 years you mention and just didn't write everything i should of in that post.

Oh im a 40 something white boy..LOL.. do you still have the 63 Vette? like to see it.. thanks Tony :steering:

 

White Hell,
Guess you do not know how to hunt for bargains, I highly doubt that any car with less then 20k would be in that bad fo a shape and is still under warranty. Like I said Ebay sold a -2 Z06 for $31k with around 20k miles. I guess you get what you paid for right there, I promise you if something is screwed up, Iam sure the warranty will pay for it.

I see a lot of deals like that going on You just have to go out there and find one. Hmm... plus I am a dealer, auctions and also dealer to dealer trades can help me out in my best interest. I know for a fact I can get one at high end of the 20k, I would say around 27 to 29k thousands by this summer a 02 Z06. I am sure there would be also individuals selling cars around high 20's. You wait and see. Remember a Vette is like any other domestic car, it depreciates very fast. Although, it does hold it's values better than most, it is still not a BMW, Benz, or a Lexus.

 

:yesnod: Your post just makes me :cry when I think about the 69 DZ302 that I had, love the Vette though. BOT I think the ZO prices will at least hold being that their not releasing the next one as they say till 05.

 

AbadVette, go wash your face, i never said i was hunting bargains like most of the people on here. I am selling a bargain because its new still and an 02 Z06.. sure if you like 20 thousand miles better than 3600 miles, go for it, but most of the guys dog and run the crap out of their Z's. Not this kid tho, as i say YOU get what YOU pay for. if you care to use that warranty up, go for it.. Id rather have a sweet one that doesn't need to go to the shop and be repaired or put back together. Another fact, the guys at the shop love driving the poopie out of your cars when you bring them in. I have friends that love doing just that. But not with my car. Shop that ebay all you want i dont trust it and i surely dont believe in ebay car shopping. But thats me.

OH i went back and reread this dude's post.. he's a dealer.. GOSH, should have known, i wouldn't buy from you and you know what??? it matters who you buy from too, I wont buy from just anyone or any dealership because they could care less about the customer at 99% if the places.

You keep dreaming about high 20's for a Z06.. id like to see the condition and the foot wear in that drivers floorboard and drivers seat of that higher mileage car you find at that price. Sure there are desperate people out there that you might find time to time that need to sell, but you wont see these 02 Z06's in the high 20's this year or next. they will always hold a better value than any other car out there. And also were talking Z06, not coupes or converts. OR BMW's or whatever else you deal with.
Sounds like a guy always trying to cut corners, never heard anyone WISHING to visit the warranty shop as much as you?? GO FIGURE people who like taking their cars in to be used and abused by our finest mechanics.. HAHAHAHA. Good luck with your dreams of finding that low milegage Z for your dream price.. i say GET REAL!


Take care snake! :chill:


[Modified by White Hell, 5:05 AM 1/6/2004]

 

Don't expect all dealers to discount thier Corvettes way low. They will be using the C6 as bait to get folks into left over C5's.
"Sorry customer, but we are selling all our C6's at $10K over MSRP. If that's too steep for you, we have some real good deals on these here left over C5's. How much you lookin' to spend tonight?"

 

I agree Goody, not all will sell at a lower price, i found that out last week on my search. but the dealer i deal with is one that gets a good alotment of Z06's each year and its like the other guy said on here, its because they move their cars and they get more each year for moving the vehicles. they have always been a motivated dealer. im not saying im special or im the only one they are going to sell this car at this price for, but they know me and know i wont pay sticker price or im out of there. i feel they wont sell this low to just everyone, because they get alot of people in there that lust over the cars and im not that way, ive always had the attitude i can live without it, or they can help theirselves by moving another unit. and i got this price without my car.. just dealt with their car only. they are holding it for me a few days.. i need to make up my mind soon on the Z16.. enough said, im getting sleepy.. take care.. T.

 

White Hell, getting kind of testy, must of touched a nerve huh? Your 40 something right?

Let me correct you about dealers, yes most are crooks and some are not. I deal with other dealers that are just jokes and I have dealed with guys that want high dollar for their cars, which I do not think they are worth. You are very ignorant if you sterotype car dealers as crook. Especially when you classified me as one, without knowing me. Since all I stated was 02 Z06 is going to drop there value expecially in the high 20's by the summer. I posted like all cars that they will drop just like any other cars in the world. I am sure most will agree that Benz, BMw, and Lexus hold their value the best, even better then vettes. Then you come on and start talking crap about nothing you know about. 02 Z06 is not going to hold there value this year or the next, every month it drops, maybe 50, 100, 200, it will depreciate. It is like saying C4 vettes will hold there value after the C5 came out for that year or the next. Face the facts, 02 Z06 will drop, it is like supply and demand, I am sure you went to college and learned that. When there is high demand such as a c6 there will be short supply to raise the prices. If the demand for C5 Z06 is low compare to the c6 (which has as good or better performance in many aspects of the Z06) supplies will be larger, which will decrease the prices. Look, I love vettes as much as you and everyone in the forum. I would love it if they hold their values, but they will not. I am just telling you the facts of life, nothing hold values when it comes to cars (unless you have the first vette ever made or some of the old older ones), it is only the personal prespection of someone that think their car will hold value. But like all thing creates equal it will not.

Also a car with less than 20k miles, I believe in most cars is not going to have a torn leather seat, screwed up foot pedal. Some have, but I bet you about 85% of the cars out there with less than 20k miles and under warranty is not going to be trashed. I also have bought cars off leases which you know for a fact will have minimal damages. I have seen cars with over 100k in better condition than cars with less than 35k miles. You talk as if every car out there with more miles than your car is screwed up. Dang your a better salesman than me.

About the Warranty, if you have not noticed that is what sells cars. If the new C6 did not have a warranty. Hmm... I do not think it would sell that well. Warranty keeps people secure about their purchases. Let's put it this way, I would buy a car with 20k miles with warranty than a car with 3k miles without warranty. I am not trying to be rude, do not take any of this personally. I am just telling you how it is. I have a friend with a 03 Z06 with less then 2k miles that threw a rod.

I also do not shop on ebay for cars, I have bought a car from Ebay before and since I own a mechanic shop, I did not worry that much. End up saving myself 2 to 3 grand on my purchase, which I would have gladly spent another 2 to 3 grand fixing it if I had to, since it was a rare car. Ebay is a good place to find good deals. I buy parts on ebay all the time, sometimes you take the risk. Because eventually you will come out well in the long runs. Buying items on Ebay that involves high dollar. You should try anything in your power to make sure what you buy is legit and up to spec. The car I bought. I made sure it was fully checked by the dealership with a compression test done. I also called the dealership to make sure that is car was in proper running order. I am sure you can find good deals with individuals locally, not just on Ebay. Dealer to dealer trading is always cheaper compare to a individual buying it from a dealership. Without the hassle of taxes, warranties, paper work, and so forth. I also found good deals with individual people in the state or out of state. There is good deals out there that warrants a good car. I do not buy out of impulse. I research the market and the vehicle. I found out which place will have the cheapest prices and I go there and check out the car and make sure it is up to spec.

Did I mention I also do simple mechanic work and that I test drive and analysis every car I buy. So I work at a dealership, work at the body shop, and mechanic shop. And I serve the customers right. I even go tow their car if it gets in a wreck, I even go jump off their car after they bought their car for a few months and they left their lights on. Since I have been working, we have not advertise one bit. We reply on word of mouth to attract our customers.

All things created equal if there was no vettes to produce in 2005 or anytime after. All C5 will hold there value forever, better yet I am sure it would increase as years goes on. But with the release of the C6, hmm... it is going to go down. Anyway hopefully your next response to me would not be so offensive. Farewell... :)

 

Thanks for the responses everyone. I guess it will be hard to speculate what the prices are going to do in about 4-6 months, especially with the new generation coming out. Guess I'll have to wait until spring/summer and shop around to find the best deal.

Also, as a future Z06 owner, I hope the present Z06 owners don't mind me posting questions and requesting information about the Z06. I just want to be fully informed before I approach the saleperson or private owner. Thanks.

 

So Abad...you are selling your RX-7? :confused:


[Modified by TTRotary, 1:34 PM 1/6/2004]