The 05s have taken a big hit lately i think. Back when i was trying to sell mine in June there were about 15 or so on ebay. Just for giggles last night i looked now. There are probably 50-75 on there and they are all getting significantly less than the cars were getting in June. That being said in certain markets where dealers are notorious "gougers" like florida and california the market is probably still decent. I think part of the problem the 2005s are suffering is that the z06 came out now so no one wants the "base" model although it is still an amazing car. Therefore lots of people in the market for vettes are wanting only the z06. Those that want a vert or a targa of course are very well off right now.

 

I have spent my life being smart money wise. Watching depreciation curves. Buying depreciated assets. etc. etc. And I have done well. My wife thinks I am a financial genius. Please don't tell her she is wrong, I enjoy her adoration and respect.

I bought an early 2006 C6 Coupe through a sponsor dealer. I paid close to MSRP. I know I lost about 10G the day I drove it home......And I don't care! I have lusted after a Corvette for 41 years, ever since I was a 16 year old kid growing up on the streets of Detroit. And now I have the Corvette I have desired my entire adult life. It is exactly the car I want. I spec it, I followed the order day by day and enjoyed each step forward. I drove it off the assembly line, the first time it moved under its own power I was driving it. After a chamber of commerce luncheon this week virtually everyone came by the car in the parking lot to look it over. "Lucky Dog" and "I envy you" are words I have heard many times this week. My sons high school and college friends have come by the house to see the car. If a vote was held I would win the coolest father award. Until my wife rode in the car with me her attitude was "You've worked hard all your life, you've done well, if this is the silly thing you want, get it". Her first ride I punched it on a straight and did a couple of curves at .8 G. She looked at me and with a gleam in her eye said "Oh yeah, Now I understand your passion!"

PRICELESS!!!!!

 

DING DING DING WE HAVE A WINNER

 

maybe we have a different meaning of the word "hobbyist" my meaning is that no Vette is outdated because they always seem to be in demand,no matter what generation and a real hobbyist of the Vette would never use that term to describe them. while keeping in mind that cars are some of the worst investments, i think most savvy people know this already. but i agree,to some Vettes are outdated,but if your trying to use a Vette as some sort of investment or return.........

 

This car's a keeper.

 

KeY Words!

For Sale

 

Is it an A4?

 

Perhaps our definitions of the word "hobbyist" do differ. . And I have never purchased any of the Vettes I have owned as some sort of investment or expected return on investment.

But when you get down to it, a Vette is like any other car, in the sense that with the changing of the body style, the body style before it is outdated. The fact that all Vettes are in demand does not matter. Outdated is outdated.

Merriam-Webster Online Dictionary

One entry found for outdated.
Main Entry: out·dat·ed
Pronunciation: "aut-'dA-t&d
Function: adjective
: no longer current : OUTMODED
- out·dat·ed·ly adverb
- out·dat·ed·ness noun

 

Kerbeck's and others are doing deep discounts on leftover 05's. One could expect a used 05 to take a big hit. As I have said before all those must have/sometimes used/ seldom used/never used and I don't even know how to use them---OPTIONS ---will really depreciate fast. 1SX'S AND 1SA'S will hold more of their origional value then fully optioned 1SB'S. It is a buyer's market for an 05 indeed.

 

im glad we can agree to disagree

 

Until G.M stops Whorring out the Corvette and actually starts caring about it's Halo car & it's customers, we will be facing these kind of ridiculous discounts!!!

The Corvette is not a volume car, it is an image car for G.M. If they cut production by 20% or so, then things like steep depritiation & discounts will not be! Plus, it would a little more exclusive.

I know some are going to start firing away....."well if they produce less, then it would make it less affordable" etc. etc.

The Vette shouldn't be a car that most can afford. It should be a car of status and something we strive for as we move up in life!!

 

Sounds like they're still smoking the same stuff they were when they were asking for 10K over MSRP when they first came out..

 

There will be no problem with the resale on C6s. As soon as the dealers sell their left over 05s a used C6 will be hard to find.

 

There will be no problem with the resale on C6s. As soon as the dealers sell their left over 05s a used C6 will be hard to find. You will have to pry mine "From my cold dead hands"

 

I think everyone is blowing this out of proportion. The average asking price for a 1997 Coupe on Autotrader.com is $21,000. The average asking price for the 576 new and used 2005 Coupes on Autotrader is $49,600 with only 25 of them advertised below $43,000 including at least several rebuild or flood cars I would estimate.
The 06 just came out, winter is approaching in the northern states, and many of these cars have a lot of miles. Look at the prices next May and I am sure they will look very differant. My 06 VY is on the truck and should arrive in Florida by Tuesday. I bought my first new Vette in 1978 and just traded my 2000 Vert for my 06 which is #9. The first year is always a little higher but overall they hold their value very well.

 

Hmmm.

I am considering you point of view, and I thank you for sharing it. While respecting it, I find it difficult to assimulate into my own creedo, and I suspect others will, too.

So, it is clear that you see the Corvette as mere status symbol, much like the thirty thousand dollar watches in the link below, and not a utilitarian object, for it's PERFORMANCE SPECIFICATIONS, or dollar-value, correct?

http://www.jomashop.com/patek-phille...lications.html


While I don't begrudge anyone their God-given right to spend hundreds of thousands (or more) of dollars on useless frippery, I would simply offer that perhaps a Bugatti or Rolls Royce would be a better object for you to concentrate such attentions on. I sincerely doubt that the folks next door in the Hamptons are really going to be properly wowed by your loud, plastic, poorly-fitted, and dare I say gauche Z06, much less a pedestrian and relatively humorous C6...


Me?

Here is my own speed:

http://shop.vendio.com/Brandsonsale/.../?s=1129284867

(fifty bucks, NIST tracible accuracy, lasts forever, and if I lose it, I get another in a few minutes)

 

That's true. At the end of the C5 model, discounts on the '04's were substantial. The used market did not catch up until 8 months later.

I got the best deal ever on my '05 during the GM Hot Button rebate promotion in May. Local dealer, great trade, and great price on the C6.

I know I will never be able to buy a new Corvette for less.

 

If it`s a Demo I wouldn`t touch it...

 

I bought my C6 as a toy. Toys do not appreciate they get played with and if you can put a price on the fun I have then it would be a lot more than 50k. The C6 is one awesome car!

 

I plan on keeping the C-6 for 7 years. Resale at present not an issue.