Will C5 prices keep going down?
Race Director
Joined: Mar 2004
Posts: 15,195
Likes: 0
From: Philadelphia PA
I don't think prices will drop below 15K this winter for an early C5 FRC, and will most likely come back up a few Gs during the spring.
I hope to find my C5 Torch Red coupe MN6 with around 50K or less miles for 25K or less. The lower the price goes, the more i can save up for mods
I hope to find my C5 Torch Red coupe MN6 with around 50K or less miles for 25K or less. The lower the price goes, the more i can save up for mods
Racer
Joined: Feb 2004
Posts: 301
Likes: 0
From: Vista CA
Originally Posted by my50thvette
Mines not going down in value... I still like it just the same. I think they are about to bottom out now. There was such a drop due to the ones dumping theirs for the new C6. Now that it's over I believe the prices will stay. Around here the dealerships got plenty of C6's. Even the little small guy in my neighborhood has three.
Makes me wonder if the C5 will go back up in value cause nobody likes the C6.
I think they are about to bottom out now. There was such a drop due to the ones dumping theirs for the new C6. Now that it's over I believe the prices will stay. Around here the dealerships got plenty of C6's. Even the little small guy in my neighborhood has three. Makes me wonder if the C5 will go back up in value cause nobody likes the C6. 
Thats friggin !@#$%^&*(WOW!!! 
The look in his face said it all C- friggin 5 
Team Owner
Joined: May 2001
Posts: 25,044
Likes: 1,265
From: Virginia
St. Jude Donor '11
Originally Posted by 92BlackRoseconv
As we all know C5 prices have gone down a lot over this summer. My question is will they continue to go down over the winter. Will they be cheaper now in the fall or cheaper in the spring? Everyone knows sports cars are cheap in the fall. Will they go back up in Spring? It's weird because you see a lot of C5's prices where a 92-96 is priced now with low miles. Sometimes I'm seeing C4's be more expensive then C5's
When will the C5 stop sliding and will it rebound any time soon?
When will the C5 stop sliding and will it rebound any time soon?
Race Director
Joined: May 2003
Posts: 14,136
Likes: 2,984
From: Iowa
St. Jude Donor '03 thru '26
Originally Posted by Neablas
nope the prices will continue to fall mainly due to the fact of the high production numbers.
that's why IMHO it was silly to place your car in the garage and not drive it .. it's depreciating in value while sitting there.
$0.02
that's why IMHO it was silly to place your car in the garage and not drive it .. it's depreciating in value while sitting there.
$0.02
Racer
Joined: Oct 2004
Posts: 443
Likes: 0
From: Wichita KS
Originally Posted by indy300
What are the opinions on the early C5 prices over the next few months? I am waiting for the 97-00 models to come into my price range. 
I hope the local market will be "flooded" when the first snow hits :o
I hope the local market will be "flooded" when the first snow hits :ohttp://www.stingraysfromheaven.com/381220.html
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Race Director
Joined: Apr 2000
Posts: 11,073
Likes: 0
From: South Joisey
Originally Posted by Neablas
nope the prices will continue to fall mainly due to the fact of the high production numbers.
that's why IMHO it was silly to place your car in the garage and not drive it .. it's depreciating in value while sitting there.
$0.02
that's why IMHO it was silly to place your car in the garage and not drive it .. it's depreciating in value while sitting there.
$0.02
Thread Starter
Racer
Joined: Dec 2003
Posts: 463
Likes: 2
From: Wausau WI
Originally Posted by Yello95
I do not give a rats azz if it goes up or down because if I wanted to make an investement I would have dumped my money in the stock market or somewhere else instead of an '04...If someone is worried about how much their Vette will be worth in the future, they shouldn't buy one...just my .02
I wasn't asking to see what mine would be worth. I was asking to see if I should buy my next one this fall and store it or buy one next spring. I live in Wisconsin. I wouldn't care what my car is worth after I buy it. I do care when I'm going to save money buying it. I think ayone would. So you can have your .02 back.
Drifting
Joined: Jun 2003
Posts: 1,510
Likes: 3
From: Life moves pretty fast... if you don't stop and look around once in a while, you could miss it!
CI 6-8-9 Veteran
Originally Posted by Neablas
nope the prices will continue to fall mainly due to the fact of the high production numbers.
that's why IMHO it was silly to place your car in the garage and not drive it .. it's depreciating in value while sitting there.
$0.02
that's why IMHO it was silly to place your car in the garage and not drive it .. it's depreciating in value while sitting there.
$0.02
Melting Slicks
Joined: Apr 2001
Posts: 2,877
Likes: 7
There are only 2 days of owning a car in which I care what it is worth..
The day I buy It and the day I sell it..
I have my two corvettes and my M3 and I don't plan on selling any of them.. They could be worth 2 cents or 2 million - doesn't matter cause they are staying put.
However, if you looking to get into a C5 this is a great time to do so.. You can get a lot of car for pennies on the dollar!!
The day I buy It and the day I sell it..
I have my two corvettes and my M3 and I don't plan on selling any of them.. They could be worth 2 cents or 2 million - doesn't matter cause they are staying put.
However, if you looking to get into a C5 this is a great time to do so.. You can get a lot of car for pennies on the dollar!!
Drifting
Joined: Jun 2003
Posts: 1,510
Likes: 3
From: Life moves pretty fast... if you don't stop and look around once in a while, you could miss it!
CI 6-8-9 Veteran
I love my C5, I also like the C6. Your average driver out there doesn't know the difference between a C5 and a C6. So for my money, I'm going to drive mine and enjoy it for as long as I can, and if and when the times comes that I can pop for a C6, I'll do it. But the fact is I didn't buy this car as an investment, so as far as prices are concerned, it's no different than any other car I buy. I expect depreciation. This isn't a '67 L88. And if it was, I wouldn't be driving it, and what fun would that be.
Get in it, drive it, have fun with it, and to hell with the value!
Get in it, drive it, have fun with it, and to hell with the value!
Instructor
Joined: Sep 2004
Posts: 159
Likes: 0
From: Lilburn Georgia
Originally Posted by 92BlackRoseconv
I wasn't asking to see what mine would be worth. I was asking to see if I should buy my next one this fall and store it or buy one next spring. I live in Wisconsin. I wouldn't care what my car is worth after I buy it. I do care when I'm going to save money buying it. I think ayone would. So you can have your .02 back.
Good luck with your shopping!!
Best regards,
FDA
Race Director
Joined: Aug 1999
Posts: 15,466
Likes: 0
From: GARDENA Ca, State Of Konfusion
St. Jude Donor '05
Originally Posted by Neablas
nope the prices will continue to fall mainly due to the fact of the high production numbers.
$0.02
$0.02
So mine is a keeper!
Race Director
Joined: Dec 1999
Posts: 11,182
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From: Almost all Skyline Cruises Vettes at Waterside 1-5
Cruise-In I Veteran
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Originally Posted by 92BlackRoseconv
As we all know C5 prices have gone down a lot over this summer. My question is will they continue to go down over the winter. Will they be cheaper now in the fall or cheaper in the spring? Everyone knows sports cars are cheap in the fall. Will they go back up in Spring? It's weird because you see a lot of C5's prices where a 92-96 is priced now with low miles. Sometimes I'm seeing C4's be more expensive then C5's
When will the C5 stop sliding and will it rebound any time soon?
When will the C5 stop sliding and will it rebound any time soon?
Welcome to the position C4 owners found themselves in when the C5 hit the street! Especially watch out for falling prices if the General reinstitutes 0% financing on Vettes!The only vettes holding their own right now seem to be C3's...They seem to even be increasing. The C3 is a"bayby boomer" car. Most of the boomers grew up wanting a C3.
Unfortunately neither the C4 or the C5 will benefit from that nostalgia craze IMHO
So drive it, enjoy it
Jack
Instructor
Joined: Jul 2004
Posts: 111
Likes: 0
From: Vancouver WA
Originally Posted by chevypowr
I just bought my 1997 FRC for $17,500 less than a month ago with 41k!
Production on FRC's didn't start until the 1999 model year.
Le Mans Master
Joined: Jun 2004
Posts: 6,269
Likes: 50
From: Dallas Texas
St. Jude Donor '06-'07-'09-'10
Originally Posted by luvinc5
Surely as night follows day, so too will the decline in C5 value (price).
It's the old law of supply and demand and what the buyer will pay. Used car prices are established by big auction operations like Manhiem Auto Auctions. The buying Dealers know what's the hot seller and that's what sets the price they will pay. Unfortunately, with GM's 0% interest and big discounts, lots of Vettes are in the market place.If the 2004 C5's had stayed at or around MSRP, as an example at $50K for a C5. A similar 2003 used C5 would be 10-15% cheaper or say $44K. But, with a $10K discount on the new 2004, the 2003 now is worth $34-35K and on down for subsequent years.