C6 Value
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Racer
Joined: Jun 2005
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C6 Value
For what it is worth. The 2005 C6's may be taking a big hit on depreciation. I saw a C6 today with an original sticker price of $53,000+. The dealer is asking $43,000. The car has 4500 miles on it. What are your thoughts?
Team Owner
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From: Plano Texas
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CI-VI Car Show Winner
St. Jude Donor '07-'08-'09-'10-'11-'12-'13
Keep in mind that many dealers are giving up to $8k off MSRP on '05's- so that is affecting the used C6 prices.
Melting Slicks
Joined: Mar 1999
Posts: 3,211
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From: Rochester Hills Michigan
Not like the intro of the C5 at all, when it was so freakin' hot...when I bought my '98 I could have sold it for what I paid for it over a year or two later! Plus when I was going to pick it up...the dealer offered me $1500 just to walk away if I wanted (ie another buyer wanted it).
Last edited by RedC5; Oct 13, 2005 at 09:26 PM.
Burning Brakes
Joined: Jun 2005
Posts: 984
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From: Austin Texas
If they dont it will be bc of silly superstitious buyers. First year modle run cars dont have the problems they once did. Helly the 2004 vettes had many if not most of the problems the 97-98s did.
you can do a search but it was posted multiple times here recently how well the new Vette holds its value. Anyways, Im not too concerned. If buying a car that held its value well was my primary concern Id be driving an Accord. This car was an investment in fun.
you can do a search but it was posted multiple times here recently how well the new Vette holds its value. Anyways, Im not too concerned. If buying a car that held its value well was my primary concern Id be driving an Accord. This car was an investment in fun.
Team Owner
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Originally Posted by leeman
For what it is worth. The 2005 C6's may be taking a big hit on depreciation. I saw a C6 today with an original sticker price of $53,000+. The dealer is asking $43,000. The car has 4500 miles on it. What are your thoughts?
Certainly no reason for '05 C6 owners to panic.
The C6 Z06 guys are bitching about dealers charging well above sticker for those cars.
The owners of C5 Z06s are taking a beating on their trade ins, http://forums.corvetteforum.com/show...1&forum_id=100 and the C5 coupe and vert values are falling as we speak. Indeed all C5s are decreasing in value at an alarming rate.
C6 might be the best value out there right now. They all have 400hp and come with a warranty, and no one is adding a "dealer surcharge" to them.
Why buy a C5?If someone wanted my Z51 MN5 '05 right now, I would tell them to meet my price or go and buy themselves an outdated C5 Z06 or C5 of one flavor or another, or wait in line for a C6 Z06 with a 20k surcharge placed on it.
Last edited by '06 Quicksilver Z06; Oct 13, 2005 at 08:18 PM.
Team Owner
Joined: Dec 2003
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From: queensbury ny
43 large...
that car may be a fluke that the dealer came by at auction,or some knucklehead that needed to get out quick.I think it is an exception rather than a rule as far as buying a c6 goes.It could also have an unseen drawback.I.E. flood car,salvage title,etc.It could also be legit,but the one thing I know for sure is it;s a USED CAR.all kinds of possibilities there as to where it came from.I love my c6 and it'll be around a loooooooong time!!As long as they don't repo it!! 
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Thread Starter
Racer
Joined: Jun 2005
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I know the dealer personally
Originally Posted by jesse12804
that car may be a fluke that the dealer came by at auction,or some knucklehead that needed to get out quick.I think it is an exception rather than a rule as far as buying a c6 goes.It could also have an unseen drawback.I.E. flood car,salvage title,etc.It could also be legit,but the one thing I know for sure is it;s a USED CAR.all kinds of possibilities there as to where it came from.I love my c6 and it'll be around a loooooooong time!!As long as they don't repo it!!
Team Owner
Joined: Dec 2003
Posts: 57,408
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From: queensbury ny
makes sense!
Jess, this dealer only sells low mileage creampuffs. I drove the car and it is perfect. I think the previous post hit the nail on the head. Dealers are reducing prices on leftovers up to $8000. $53,000-8000= 45,000. When you take off another $2000 for the 4500 miles on it the selling price makes sense. }{ That means the person who traded the 53000 dollar car took 30 something as a trade allowance....scary,i wouldn't do that.
Le Mans Master
Joined: Aug 2004
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From: Monroe Township New Jersey
St. Jude Donor '05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16
St. Jude donor in memory of jpee '14
Hey, if the car is a good deal go for it. As for me, I'll keep mine for four years and then think about a Z06
As for me, I'll keep mine for four years and then think about a Z06
Eccentric Member
Joined: Feb 2005
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From: Like Anyone Could Even Know That! Florida
Cruise-In VII Veteran
St. Jude Donor '05-'06-'07-'08-'09
Ferman Chevy here in Tampa has two '05 C6's used for sale right now:
2500 mile coupe mn6 @ $54,000.00
500 mile 'vert A4 @ $65,000.00
2500 mile coupe mn6 @ $54,000.00
500 mile 'vert A4 @ $65,000.00
Heel & Toe
Joined: Aug 2005
Posts: 23
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From: Summerville SC
Originally Posted by Tommy D
Hey, if the car is a good deal go for it. As for me, I'll keep mine for four years and then think about a Z06
As for me, I'll keep mine for four years and then think about a Z06
Burning Brakes
Joined: Jun 2005
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Corvettes aren't rare collectibles - people actually use them. They depreciate like other cars.
However, I think a clean, low mileage Corvette will always demand top dollar in any market.
I'm planning to keep mine for a long time.
However, I think a clean, low mileage Corvette will always demand top dollar in any market.
I'm planning to keep mine for a long time.
Melting Slicks
Joined: Mar 2005
Posts: 2,094
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Originally Posted by EB20003
Certainly no reason for '05 C6 owners to panic.
The C6 Z06 guys are bitching about dealers charging well above sticker for those cars.
The owners of C5 Z06s are taking a beating on their trade ins, http://forums.corvetteforum.com/show...1&forum_id=100 and the C5 coupe and vert values are falling as we speak. Indeed all C5s are decreasing in value at an alarming rate.
C6 might be the best value out there right now. They all have 400hp and come with a warranty, and no one is adding a "dealer surcharge" to them. Why buy a C5?
If someone wanted my Z51 MN5 '05 right now, I would tell them to meet my price or go and buy themselves an outdated C5 Z06 or C5 of one flavor or another, or wait in line for a C6 Z06 with a 20k surcharge placed on it.
The C6 Z06 guys are bitching about dealers charging well above sticker for those cars.
The owners of C5 Z06s are taking a beating on their trade ins, http://forums.corvetteforum.com/show...1&forum_id=100 and the C5 coupe and vert values are falling as we speak. Indeed all C5s are decreasing in value at an alarming rate.
C6 might be the best value out there right now. They all have 400hp and come with a warranty, and no one is adding a "dealer surcharge" to them.
Why buy a C5?If someone wanted my Z51 MN5 '05 right now, I would tell them to meet my price or go and buy themselves an outdated C5 Z06 or C5 of one flavor or another, or wait in line for a C6 Z06 with a 20k surcharge placed on it.
you dont sound like a real hobbyist ,NO CORVETTE is outdated,thats the beauty of the hobby in the first place. all mass produced cars,even Vettes depreciate the moment they leave the floor,and if anyone buys cars and doesnt expect to take a hit at sale time,they are in denial. thats been going on like,forever,the consumer rarely wins this game
Team Owner
Joined: May 2004
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From: McKinney TX
St. Jude Donor '21-'22-'23-'24
Originally Posted by AC54ME
Keep in mind that many dealers are giving up to $8k off MSRP on '05's- so that is affecting the used C6 prices.
Guy I know bought a new 05 vert of the dealer's lot for $8K under MSRP about 10 days ago.
Safety Car
Joined: Sep 2005
Posts: 4,103
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From: Springfield MA
St. Jude Donor '08
I never really thought what it was gonna be worth in a few years.....I really don't care either....I bought it to enjoy it and drive it (2 weeks old - 1500 miles).....it's only a car, it's gonna depreciate.....
Team Owner
Joined: Aug 2003
Posts: 38,314
Likes: 35
Originally Posted by newyiddy20
you dont sound like a real hobbyist ,NO CORVETTE is outdated,thats the beauty of the hobby in the first place. all mass produced cars,even Vettes depreciate the moment they leave the floor,and if anyone buys cars and doesnt expect to take a hit at sale time,they are in denial. thats been going on like,forever,the consumer rarely wins this game
Every automobile eventually becomes outdated. Corvettes included.
Last edited by '06 Quicksilver Z06; Oct 13, 2005 at 11:19 PM.