c6/c5 corvette retains value
Thread Starter
Drifting
Joined: Oct 2003
Posts: 1,747
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From: williamstown nj
c6/c5 corvette retains value
did anyone see the article for the top ten cars that hold their residual value after 5 years of use. number 7 on the list was the corvette. they expect the 2005 corvette to hold 48.5% of its value after 5 years of use. kinda funny that it loses about 5% in the first 5 minutes of driving it off the lot.
i guess if i think about it, my 98 with 21k miles is just over 6 years old and had a sticker of $42675.00 and 48.5% of that is $20697.38, the going price nowadays.
info courtesy of edmunds.com
lenny
i guess if i think about it, my 98 with 21k miles is just over 6 years old and had a sticker of $42675.00 and 48.5% of that is $20697.38, the going price nowadays.
info courtesy of edmunds.com
lenny
Last edited by builtfspd2; Dec 11, 2004 at 11:19 AM.
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Not bad after five years. 
Thread Starter
Drifting
Joined: Oct 2003
Posts: 1,747
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From: williamstown nj
link
http://www.aol.com/autos/index.adp?ref=ws
a small simple article.
click on cars.
then click on corvette.
a small simple article.
click on cars.
then click on corvette.
Racer
Joined: Jun 2004
Posts: 298
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From: Lakeville MN
I wonder what effect the recent dumping of C5's will have on those numbers. I bought my 04 convertible in August. I got nearly a $12K discount, which was about 21% ($42,800/$54,400) off MSRP. I find it hard to believe that the discounts we all got on late C5's won't have a trickle down effect. But hey, if I can have the car worth $26K in five years, I'll take it.
Karl
Karl
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