see below

Now is not a good time to be selling or trading. But if buying w/o a trade you can get some wicked great deals.

 

I have a 08 Fully Optioned Pace Car Coupe, dual tops, Auto, Nav, etc, that stickered for almost 64K and they were only willing to give me 30K for it on trade on a new Z06. Granted the deal on the new Z06 was great but not when you are being taken to the cleaners on your trade.

Mark

 

GM should just shut the corvette plant down for a year, skip a model run. Get all
the hanger on's 08-10 cleaned out.

 

Bought my VR MN6 1LT with chrome gumbys and a transparent roof two days ago for 34.5K. Car had 600 miles on it. I think I did OK.

 

Re-read the original post, softballer - it reads 231 miles. When I picked up the car for him in Dallas it had 58 miles on it.

 

I justed checked www.kbb.com and in the last month my Vette's value dropped by 4K!

 

Now is not the time to trade in a car!

 

yes you did....

 

I have no idea how some of you can stomach the $20k-$30k loss on a car after 2-3 years. I would love to drive a new vehicle, but as a somewhat frugal person I couldn't handle that.

My last few vehicles have been sports cars and I always try to buy in the winter and sell in the summer or fall when the weather is really nice.

I also tend to buy cars that are 3 years old or so. It's not as reassuring as buying new, but many used cars come with manufacturer backed warranties when certified. With newer cars, problems are rare up until the 80k-100k mile mark, anyways. For some reason, I also like buying a car that isn't completely flawless. When I have had new cars, it stressed me out every time I got a rock chip or small scratch.

I'm not knocking anyone's decision. If I made 2-3x what I bring home now and wanted a Corvette, maybe I would go down and pick whatever I like off of the dealer's lot. But, even in that case, I'd probably shop around for a used Gallardo.

 

I love it!!!

 

Oh ok must have read it wrong if its brand new that an ok price.

 

I guess we all have to understand that there is a direct correlation betw. new car prices (dropping) and used car prices (dropping). That means, even if they are trade-ins, they're considered used cars.

It's the "market's condition." If a dealer has to take less for a brand new car, he has to pay less for a used car.*

It means, cars aren't selling. Which they aren't in any great numbers. Except for Ford.

(*That maintains a spread between new and used prices. Otherwise, you could wind up with a used car priced the same, or more than a new car.)

 

When GM and it's dealers give BIG DISCOUNTS on new vehicles, it trickles down to the used market, - Everyone, including me, wants to buy a new Vette for the absolute lowest price and expect to get big bucks for our used ones. -- Not always possible. -- --

 

I don't think the original poster stated how many miles were on the $30k car that sold. The unknown may be the reason for the price.

 

I picked up my 09 C6 LT2 MN6 base w/16k mi on her for 34K 10/1/9... and loving it.

 

Well stated and spot on.

 

That's a bargain. Nice job.

 

To get a feel take a look at what Carmax is selling them for. I saw a 2008 3LT Convertible Z51 loaded for 37k with 23,000 miles.

 

It is not a good time to sell a car now unless you are friends with the dealer. It is an excellent time to buy a car if you can find something you like. Some dealers will still not budge though and then tell you that you "wasted their time" when you told them you bought something else.

 

The msrps keep rising and I keep getting more tired of the "game". The "game" is being told how much money we are "saving" off the msrp. The more the msrp rises the more we save but in the process the retail selling prices creep upward with no additional added to the car by way of value.

You know, it's like the local jewelry stores that frequently have 50-100% off sales. OK, so some people may be paying twice what the sale price actually is???

I'll tell you what might drive up vette prices in a few years.....scarcity!!!!

How so? Wasn't there a post a few days ago about another slowdown of the BG line to 8 cars per hour? If demand drops off to near nothing for new cars then the existing new ones in dealer stock and used ones might become more valuable. Or they might not.

Eventually the vette might be like the Viper was....a corporate icon, halo car, but made in such small numbers that prices stayed very high.

I think it might be the dealer attitude coupled with the nonstop msrp increases that are helping to decrease sales. I mean, you walk in that there's this HUGE msrp and a dealer who maybe has added on some " market adjustment" just for grins. I mean, who needs that action?

And yes, the cars can be bought long distance from selected dealers who understand they can make good money selling high volume at lower margin rather than very low volume at very high margin etc. But the local guy in anytown USA just walks into the dealer lookin at a new vette and gosh darn it all the price just takes your breath away.

Then Joe average would have to endure hours of psychological torture to try to get the price down from the ridiculous msrp all the time the salespeople telling him better buy now 'cause the msrp is going to go up again next month....and the month after, and the month after etc.

Pretty soon a modestly optioned Z06 is going to sticker at 100 grand.

I think many potential buyers are just becoming weary and don't want to play this game anymore.

As for used vettes they are a bargain but only if their warranty is absolutely, positively, without a doubt intact and not voided due to tuning or performance mods etc. If I were in the market for used right now I'd want to take the car to a dealer and PAY the dealer a hun or so just to provide me IN WRITING that the car was not modded and still in warranty.

One thing that will happen to many lower cost used vettes is that they will much sooner than "usual" get into the hands of people at such low cost that they will be modded beyond recognition almost immediately. It's what has happened to Camaro class cars for years because they depreciate so fast. It's a shame...if the resale prices stay higher owners have to sacrifice more for their cars and are less likely to butcher them ( my opinion ) with drastic mods.

This is why it's almost impossible to find an unmodded old 60s muscle car....all depreciated to next to nothing and then went to teenagers who tore them apart ( literally ). The older performance vettes ( mid to late 60s I'm thinking ) can be found in much more original condition precisely because they were not modded early on.