Value
Instructor
Joined: Aug 2016
Posts: 103
Likes: 6
From: Tyngsboro MA
Le Mans Master
Joined: Nov 2014
Posts: 6,117
Likes: 113
From: Texas
Been looking for a fun weekend vert since I sold my 72 Cutlass (tired of the maint). I had never really considered vettes since my only experience was with c3's which I found too rough. Drove a bunch of imports but they were boring. I finally tried a manual C6 - I was blown away!
In the ATL area. Found a 07 with 25k, power top , nav, not z51. I got the dealer down to 30K but he won't go lower. Is this a decent value?
I get the feeling this will be my entry vette so resale is on my mind
In the ATL area. Found a 07 with 25k, power top , nav, not z51. I got the dealer down to 30K but he won't go lower. Is this a decent value?
I get the feeling this will be my entry vette so resale is on my mind
I'd put it high for an LS2 even in perfect shape. Then again, if the freight is what you can bear and you like the dealer / car, do it. It's not like you're gonna be dying someday & pissed off you spent $1,500 too mich on your dream car.
Le Mans Master
Joined: May 2015
Posts: 5,187
Likes: 1,215
From: Las Vegas Nevada
$5000??? Possibly for a small sampling, maybe 5 cars, but overall, not a chance.
Granted, there is a price bump for a 'vert, but not $5000 on the C6, as the value for that model, as well as virtually all options, is reduced over time. Yes, you will see a good bump on later C6 models, but by the time you get to an '05 to '07, there is little diff.
Currently, the valuation differential of identical '05 Corvette coupes vs 'verts is slightly over $800. The differential of 2013 coupes vs. 'verts is about $2700.
(Added via edit). For the record, I used values from KBB and NADA. Nada had to be tossed, because those fools show a retail/dealer price for a 2013 base convertible to be the exact same as that for the coupe, which is nonsense. KBB showed value differentails that were consistent with my own records. You can argue that KBB or NADA are not accurate, but the simple value differentials will be equally accurate or inaccurate for both models.
Granted, there is a price bump for a 'vert, but not $5000 on the C6, as the value for that model, as well as virtually all options, is reduced over time. Yes, you will see a good bump on later C6 models, but by the time you get to an '05 to '07, there is little diff.
Currently, the valuation differential of identical '05 Corvette coupes vs 'verts is slightly over $800. The differential of 2013 coupes vs. 'verts is about $2700.
(Added via edit). For the record, I used values from KBB and NADA. Nada had to be tossed, because those fools show a retail/dealer price for a 2013 base convertible to be the exact same as that for the coupe, which is nonsense. KBB showed value differentails that were consistent with my own records. You can argue that KBB or NADA are not accurate, but the simple value differentials will be equally accurate or inaccurate for both models.
Last edited by buckmeister2; Dec 5, 2016 at 07:55 PM.
Le Mans Master
Joined: May 2015
Posts: 5,187
Likes: 1,215
From: Las Vegas Nevada
I don't think any base C6 will appreciate in value until it hits the rock-bottom of the cycle, probably around the 25-year level.
Race Director
Joined: Mar 2010
Posts: 16,841
Likes: 5,280
From: T-Town WA
2016 C6 of Year Finalist
Drifting
Joined: Sep 2016
Posts: 1,260
Likes: 324
From: Florida
It works both ways! It helps us poor folk, so we can afford to join your lovely Corvette family!
Le Mans Master
Joined: Jan 2016
Posts: 8,055
Likes: 2,694
From: New Mexico
2018 C6 of Year Finalist
Le Mans Master
Joined: Jan 2016
Posts: 8,055
Likes: 2,694
From: New Mexico
2018 C6 of Year Finalist
First post says "in the ATL area". IMO the value by location thing is way overblown. Maybe not the case 10-20-30 years ago, but the internet has made the world a very small place.
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Melting Slicks
Joined: Feb 2004
Posts: 2,791
Likes: 44
From: Loudon/Lake Mary Tennessee/Florida
Been looking for a fun weekend vert since I sold my 72 Cutlass (tired of the maint). I had never really considered vettes since my only experience was with c3's which I found too rough. Drove a bunch of imports but they were boring. I finally tried a manual C6 - I was blown away!
In the ATL area. Found a 07 with 25k, power top , nav, not z51. I got the dealer down to 30K but he won't go lower. Is this a decent value?
I get the feeling this will be my entry vette so resale is on my mind
In the ATL area. Found a 07 with 25k, power top , nav, not z51. I got the dealer down to 30K but he won't go lower. Is this a decent value?
I get the feeling this will be my entry vette so resale is on my mind
Burning Brakes
Joined: Dec 2015
Posts: 786
Likes: 155
From: Oak Island NC
Also check the large online auction site's "completed" listings that actually sold [notated with a green dollar value]. This will also give you a frame of reference for pricing relative to miles, trim level, etc. The Vette search is part of the fun! Enjoy the journey.
Le Mans Master
Joined: May 2015
Posts: 5,187
Likes: 1,215
From: Las Vegas Nevada
I don't think you got "lucky". I think you paid attention, did your research, and, as a result, were on top of a good deal when it broke.
People who decide they want a 'vette, and have "X" amount of money often buy the first one they find at that price. Six months later, they want to sell it so they can buy the 'vette they really want. Problem is, they overpaid, so they are stuck.
Congrats on your car...would like to see some pics...
People who decide they want a 'vette, and have "X" amount of money often buy the first one they find at that price. Six months later, they want to sell it so they can buy the 'vette they really want. Problem is, they overpaid, so they are stuck.
Congrats on your car...would like to see some pics...
Melting Slicks
Joined: Apr 2013
Posts: 2,691
Likes: 140
They produced way less verts then coupes especially as the years go on. If it's the car you want (color/trans/etc) and in near perfect condition, i wouldn't sit to wait for another car to save a couple thousand, and may not be the color you want, more miles, etc.
Some people sit to look for a "deal" forever and never buy anything.
Just my opinion.