2006 z06 Value ?
Thread Starter
3rd Gear
Joined: Feb 2012
Posts: 3
Likes: 0
2006 z06 Value ?
Hi, I'm new to this site.
I had a questions for you people, I recently bought a 2006 z06 with less then 300 miles, The original owner purchased the vehicle and stored it in a climate controlled building, only only drove it to get sevice done to it, the car is in mint condition. I know there were only 6,272 z06 produced of that year and also know that the 2006 z06 was the return year of the z06 while Chevrolet took 2005 to redesign the frame and engine. So the question is, should I store the vehicle for resale value(if yes, when do you expect the value to go up on the vehicle and an estimate to approx how much?), or just drive and enjoy the hell out it. I'd really appreciate your feedback, so thanks in advance.
I had a questions for you people, I recently bought a 2006 z06 with less then 300 miles, The original owner purchased the vehicle and stored it in a climate controlled building, only only drove it to get sevice done to it, the car is in mint condition. I know there were only 6,272 z06 produced of that year and also know that the 2006 z06 was the return year of the z06 while Chevrolet took 2005 to redesign the frame and engine. So the question is, should I store the vehicle for resale value(if yes, when do you expect the value to go up on the vehicle and an estimate to approx how much?), or just drive and enjoy the hell out it. I'd really appreciate your feedback, so thanks in advance.
The Consigliere
Joined: May 2006
Posts: 22,997
Likes: 6,045
From: 2023 Z06 & 2010 ZR1
Drive that bad boy. It's brand new. It will be worth a lot of money, perhaps, in 40 years.
Go enjoy a great vette, and one of the best sports cars on the planet.
And welcome aboard the forum.
Go enjoy a great vette, and one of the best sports cars on the planet.
And welcome aboard the forum.
Burning Brakes
Joined: May 2006
Posts: 1,139
Likes: 81
From: Springboro OH
My view is the car will not increase in value because of the large numbers made and there is nothing special about the car. That not to say it's not a great car. I have an 06 and think it's the best car I've ever owned. My advice is drive it and enjoy.
Burning Brakes
Joined: May 2007
Posts: 1,044
Likes: 0
From: Edmond Oklahoma
Bought a 2006 Z06 a few months ago and I drive it every single day!
I can't think of anything I'd rather drive!!
I say drive it and enjoy it!!!
Tammye
I can't think of anything I'd rather drive!!
I say drive it and enjoy it!!!Tammye
Last edited by bwgreen; Feb 6, 2012 at 08:40 PM.
Le Mans Master
Joined: Dec 2007
Posts: 5,738
Likes: 81
From: Milford NH
Unless you're prepared /able to store this vehicle as the original owner did for another 25-40 years then drive the thing. American muscle WILL NOT interest 50/60 somethings in 2048 as the 70's cars are salavated over buy this age group now, so this reduced interest will set the price.The ,"'it's only worth what someone is willing to pay for it" rule will apply. Enjoy that bad boy.
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Drifting
Joined: Apr 2004
Posts: 1,342
Likes: 464
From: Raleigh/Cary NC
Imagine what a 1966 Corvette big block that had been stored for 46 years would be worth. About 100K, probably, as it would need a total restoration at this point. You'd do better if you had bought stock in AT&T, IBM, etc. back then.
Cars are meant to be driven. Drive it.
Cars are meant to be driven. Drive it.
Safety Car
Joined: Oct 2003
Posts: 4,024
Likes: 13
From: Loveland CO to Central Coast CA
Did you buy it:
...as an investment and future collectible?
...to be its caretaker for the next 30 years?
...to sell at a Barrett-Jackson auction in 2040?
Enjoy your new C6 Z. Drive it!
...as an investment and future collectible?
...to be its caretaker for the next 30 years?
...to sell at a Barrett-Jackson auction in 2040?
Enjoy your new C6 Z. Drive it!
Safety Car
Joined: Oct 2006
Posts: 3,602
Likes: 3
From: Cincinnati OH
Imagine what a 1966 Corvette big block that had been stored for 46 years would be worth. About 100K, probably, as it would need a total restoration at this point. You'd do better if you had bought stock in AT&T, IBM, etc. back then.
Cars are meant to be driven. Drive it.
Cars are meant to be driven. Drive it.
And that's assuming you have good paperwork to go with it, on the right day - and giving 10 or 20% to the auction house (don't forget TAX on that "income" either!).Cars are not investments for the vast majority of us, and it's already a "two owner car." Regardless of what you do, that car will continue to depreciate over the foreseeable future, perhaps just at a slower rate with the limited miles.
Watch the auto auctions on TV once in a while, the few cars that sell for more than $30K have at least that much put into them during the restorations. Even the 1970's era cars, unless super rare or super desirable for whatever reasons, rarely catch more than that without restoration (and that's 40 freaking years of holding onto a car!)
Just drive the damn thing and enjoy it. If you want to invest, there are smarter ways of gambling with your money.
Last edited by Random84; Feb 7, 2012 at 03:46 PM.
Melting Slicks
Joined: Aug 2009
Posts: 2,529
Likes: 3
From: Arlington VA
Its a bad investment. Sure, it might be worth 150k 40 years from now.
But if you took that 50k or whatever you paid for it, and invested it with a decent broker making 5%, it would be worth at least double that.
But if you took that 50k or whatever you paid for it, and invested it with a decent broker making 5%, it would be worth at least double that.
Le Mans Master
Joined: Nov 2002
Posts: 5,832
Likes: 1,682
From: Rochester New York
A loaded 2006 black Z06 just sold at the Barrett Jackson auction for $52,000. The car had only 91 miles on it. Was this a good investment for the original purchaser to let the car sit for 6 years and lose 20 grand....I don't think so! Drive it and enjoy it!
Melting Slicks
Joined: Nov 2009
Posts: 3,298
Likes: 1,153
From: Klein TX
2023 C6 of the Year Finalist - Unmodified
2022 C6 of the Year Finalist - Unmodified
Drive and enjoy!
Thread Starter
3rd Gear
Joined: Feb 2012
Posts: 3
Likes: 0
I am a day trader, thats how I made the money to purchase the vehicle, especially since I purchased it with the intention to drive the vehicle, so I wouldn't consider it a bad investment. But wanted the opinions of the Corvette enthusiasts who have an interest in the car to hear their input.
Last edited by abxmo; Feb 13, 2012 at 06:16 PM.
Thread Starter
3rd Gear
Joined: Feb 2012
Posts: 3
Likes: 0
I'm the one who purchased that Corvette from Barrett-Jackson, my question was in reference to that. Glad to know people on here pay attention and may even go to those auctions, so next time if i'm interested in a corvette and can't make it, i'll post here so some kind person could maybe be my eyes there. Thanks alot, and thanks for being nice to the newb.
Drifting
Joined: Jan 2007
Posts: 1,565
Likes: 6
From: Henderson NV
I'm the one who purchased that Corvette from Barrett-Jackson, my question was in reference to that. Glad to know people on here pay attention and may even go to those auctions, so next time if i'm interested in a corvette and can't make it, i'll post here so some kind person could maybe be my eyes there. Thanks alot, and thanks for being nice to the newb.
