...well, Z06 pricing to be specific. my quest for a 'new' vette has begun. i have been looking/calling around at some 01-02 Z06s. my question is this. if i buy one now, am i gonna be upset in a couple months because they will be even cheaper? Its winter time and if i would get one, its gonna do alot of sitting. but i have been saving my pennies since this summer when i sold my C4 and i am at the point where i want to buy one if the deal is there. My original plan was to wait until Febuary or so, after the C6 Z is debuted. do u guys still recommend that? how much is that gonna effect the C5 Z pricing? looking forward to hearing some of your thoughts...thanks, as always

 

OK, my $.02 is that now is a perfect time to be looking. Prices are typically lower this time of year - I would not be surprised to see the prices stay pretty flat through at least early spring. At thay point I would think that the usual spring time increase in prices may be held down with the new Z model availability - maybe to the point that they offset each other.

By the way I want to give my magic 8 ball credit for helping me rreach this conclusion....

 

The introduction of the C6 if it was going to hurt prices would have taken place. Just over the last 6 months prices have fallen appox. $2,000 on these cars. Now let me state the introduction of the C6 Z06 if anything will raise prices on C5 Z06 or plato. If that car is going to be semi limited under 7,000 units and appox. $60,000, thats a $20,000 price difference between a 04/06 Z06. Thats too big of a margin, they (C5 Z06) will not have any reason to fall in price.

As for waiting until Feb. thats when prices will be starting to peek. They have already start creeping up early this year.

Good Luck!

 

If you wait, it will always be cheaper (at least until the C5s start appreciating in 20-30 years). But during the time you wait you don't have the enjoyment of owning and driving the car. If you really like the car, buy it and don't worry that you might have saved $x,000 if you had only waited juuust a little bit longer...

 

hmm...these answers r the opposite from what i was expecting

 

So what does that mean your going to do?

Just to ask how much cheaper do you or did you think these cars could go?

If its speed and overall feel you want you can't beat a Z06 over a 05 Z51 car. But if you want overall comfort and the latest and greatest and don't car about HUD, then look at a base 05 with Z51. Your still talking about a $6,000+ difference between a 7,000 miles and under 04 Z06 and a new base 05 w/Z51. If you think your going to buy a used 05 w/Z51 for dramicly less than a new car thats not going to happen. Outside of the CF world lives a much larger Corvette market. A market that doesn't have allocation. A market that brings sticker plus and has $500 dealer fee's. These cars wholesale still bring with in $3,000 of sticker and in many cases with in $1,500 of sticker. Like someone said above whats it worth to you to be driving and You can wait every year and watch the prices fall and say I should have bought but when cars are 1 to 2 year old and they have depreciated $15,000 to $20,000 of their MSRP you have to know it can only get so bad after that. This is assuming your dealing with a super low mile no accident type cars.

 

If you are going to worry that what you want will be cheaper in a few months, which may well happen, you can kep waiting and never buy. If you find something you are comfortable with, why wait?

 

Hey, this is easy. Wait ten years and you will darn sure get a 2004 Z06 cheaper than you can buy it today. Wait 15 and you'll save even more!

 

some of u guys mightve missed what i was sayin. im a kid right out of college getting started w/ my career. i have bills and have been sacrificing alot to save for this car. im at the point where i can get this thing and still live fairly normally, but i would like to save myself some cash if i can. if i get this 01 for say 27000, is it possible that if i'd wait til febuary that a car exactly like this will be going for , say 24-25? after the C6 Z comes out and everything. if u add that drop plus, whatever i can save in this time period, i can drop my monthly payments alot. but i can swing this car now, so thats why i am asking if its smart to get now, or wait if u guys project that they will drop that much.

 

I don't think that prices will drop any further until next winter.
Accident and damage free, unmolested, all original - bone stock C5 Z06's and FRC's with low mileage will always be at a premium, IMHO.

I agree with ptdrummer54 and his magic 8 ball.

 

No your not going to but a 2001 Z06 depending on miles for $24,000. Go back and read my posts. The market is not going to shift backwards $3,000 dollars in two months or 6 months when the car hits the streets. The market goes up that time of year not down. Especially a car already under $30,000. Your $60,000 buyer is in a different league than your under $30,000 buyer. Your shopping price more than car, that will get you in trouble all the time.

 

100% Many now have their cars in storage so the selection is more limited than in spring, but if you find a good deal now I highly doubt that it would be considered a bad deal come springtime. Thanks to GM heavily discounting the leftover '04s (got one thanks. ) these have already taken their huge hit.

 

So let me get this straight... You'll be financing your car and you won't be driving it during the winter ?

If that's the case, I wouldn't buy right now. Why make car and insurance payments on a car which you won't be driving ? Even IF the price remains the same (depreciation loss balanced out with spring premiums), you'll still come out a winner. You would have saved extra money for your downpayment (which will reduce the monthly payments/interest) and you'll potentially get a larger selection of cars.

Of course it'd be a different story if you were buying it outright with cash.

The other thing to consider is the allocation of funds for repairs. These cars aren't exactly cheap to fix. Make sure you factor that in when pricing out your car.

I was in the same situation as you when I was younger. I got out of school, got my first job and saved up enough for a Vette. But after looking at insurance premiums, cost of maintenance, inpracticality of a two seater, etc. I caved in and bought a Z28 which served me well.

That was around 10 yrs ago but I'm glad to say that I'm looking for a C5 once more.

Good luck on your search !

 

Normally Spring time sees prices go a bit higher because people look for cars like the Vette for good weather driving. I've always bought mine in the winter and feel like I got a good deal. Sure the prices may go down, but if you find a very nice car now, it may not be available later on at a price you want to pay. Get it now and know that you have it at your disposal.