how long until prices....?
Thread Starter
Intermediate
Joined: May 2009
Posts: 38
Likes: 0
how long until prices....?
I'm curious with of everyones thoughts when they think the C6's will drop to the $20k mark or $22K. I see many cars now with good mileage between 26-28.
I'm talking about cars that are very well kept and will have less than 40k miles at the time being. I'm thinking the time will be different between the LS2's and LS3's. I see the LS2 coming much faster because the availability to pick up the extra HP so easily with the LS3. I wouldn't mind the LS2 because the only mods i'm really interested in is full exhaust, intake and tune... 400hp is damn good already. I could always cam it down the road too...
I really want a black on black w/ the 6spd, but am stationed in Okinawa for a few years. My price range is going to cap out around 20, simply because buying a house is much more important to me.
Thanks for the insight, I'm a stang guy at heart, but I don't think you can beat the power/quality/performance of these cars for the buck.
I'm talking about cars that are very well kept and will have less than 40k miles at the time being. I'm thinking the time will be different between the LS2's and LS3's. I see the LS2 coming much faster because the availability to pick up the extra HP so easily with the LS3. I wouldn't mind the LS2 because the only mods i'm really interested in is full exhaust, intake and tune... 400hp is damn good already. I could always cam it down the road too...
I really want a black on black w/ the 6spd, but am stationed in Okinawa for a few years. My price range is going to cap out around 20, simply because buying a house is much more important to me.
Thanks for the insight, I'm a stang guy at heart, but I don't think you can beat the power/quality/performance of these cars for the buck.
Racer
Joined: May 2009
Posts: 333
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Well, the unemployment is not suppose to improve until mid 2010 which is a big factor in car prices rising again. So you have a 1 year margin and remember that will be another year gone and price for that year will go down again 5%-10% more.
Then in 2011; the new C7 is suppose to arrive in the marketplace too!
So that how I see it! I cannot resist trying to get a good deal now too; but it tough going a my local corvette dealers; they still have not been beaten down yet so they like to still fight on the price and play their games.
I may go online to buy my 2010 but I try to get it locally first!
Then in 2011; the new C7 is suppose to arrive in the marketplace too!
So that how I see it! I cannot resist trying to get a good deal now too; but it tough going a my local corvette dealers; they still have not been beaten down yet so they like to still fight on the price and play their games.
I may go online to buy my 2010 but I try to get it locally first!
Team Owner
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St. Jude Donor '05-'06-'07-'10
Welcome to the forum. I think it may still be more than a year to two before you see prices of even '05's at 20k.
Regarding the C7 in 2011, don't hold your breath.
Regarding the C7 in 2011, don't hold your breath.
Administrator
Joined: Jun 2007
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From: Bel Air (by way of Fort Worth, TX) Maryland
St. Jude Donor '12 thru '21
Well, the unemployment is not suppose to improve until mid 2010 which is a big factor in car prices rising again. So you have a 1 year margin and remember that will be another year gone and price for that year will go down again 5%-10% more.
Then in 2011; the new C7 is suppose to arrive in the marketplace too!
So that how I see it! I cannot resist trying to get a good deal now too; but it tough going a my local corvette dealers; they still have not been beaten down yet so they like to still fight on the price and play their games.
I may go online to buy my 2010 but I try to get it locally first!
Then in 2011; the new C7 is suppose to arrive in the marketplace too!
So that how I see it! I cannot resist trying to get a good deal now too; but it tough going a my local corvette dealers; they still have not been beaten down yet so they like to still fight on the price and play their games.
I may go online to buy my 2010 but I try to get it locally first!
Safety Car
Joined: Mar 2006
Posts: 4,294
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From: I love the Big Butt Corvettes
St. Jude Donor '08
Don't think you will see a nice, well kept, low mileage C6 in the 20K range for at least 2 more years. I agree that the C7 is a long ways off from hitting showroom floors.
Le Mans Master
Joined: Feb 2008
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From: Rochester New York
Le Mans Master
Joined: Dec 2005
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From: North Western Connecticut
There is also something to the saying you get what you pay for! Many of the 05's and 06's are already paid off so OP's are going to be reluctant to simply give their cars away if it's a nice unit... 
Safety Car
Joined: Sep 2008
Posts: 4,408
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From: Allen Park MI
For $20K I think you will have to stick to a C5 or a Mustang.
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Team Owner
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Safety Car
Joined: Dec 1999
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From: Roxbury NJ
The only Corvettes that every drop to $20k are the ones that almost nobody wants or the ones that are outdated. So, you won't get a C6 for $20k anytime soon unless it's a high mileage / poor condition car.
Pro
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From: Destrehan La
Burning Brakes
Joined: Sep 2004
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From: Boca Raton Florida
I'm sure he meant MSRP.....depending on equipment 10-12 off is not that hard to get nowadays...
A good 05 coup today is about 28K. $31 on Dealer lot and $24 trade-in
A good 05 coup today is about 28K. $31 on Dealer lot and $24 trade-in
Last edited by lottavettes; May 22, 2009 at 10:47 AM.
Race Director
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From: Chatsworth California
Le Mans Master
Joined: Nov 2007
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From: Wilkes-Barre Pa
As long as the HP remains about the same I think in the next 2 years you will be able to find an 05 in your range. But if GM fails or politics force HP levels down to reduce fuel consumption prices may not drop.
Team Owner
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From: Southern Utah
Drifting
Joined: Sep 2008
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From: Durham NC
With the rapid depreciation we've seen over the past couple of years with our cars, I think things are going to level out soon. However, if the C7 arrives, the C6 prices will drop dramatically, but that probably won't happen until at least 2013.
Safety Car
Joined: Oct 2003
Posts: 4,024
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From: Loveland CO to Central Coast CA
It'll be years before you find a decent C6 at $20k. So buy your house first. No rush... real estate doesn't look to recover soon.
If your Vette would be a weekend 2nd car, consider an 03/04 C5. Prices seem to have bottomed. Plenty of good ones within your budget.