Pricing Advice
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Joined: Sep 2013
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From: Draper Utah
Mid to upper 30's gets you a low mileage Z06 garage queen where I live. I'm certainly not going to pay Z06 money for a GS. YMMV
Chevrolet Corvette Z06 2LZ https://cars.ksl.com/listing/6679841
Chevrolet Corvette Z06 2LZ https://cars.ksl.com/listing/6679841
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From: Pacific NW USA
Racer
Joined: Dec 2017
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From: Plymouth MA
I think a fair price assuming tires are good is 36K private party for the miles and condition.
But to be honest why pay an extra 6K for a grand sport wide body and not just narrow body for less dough?
If you really want a wide body spend the extra money and buy a Z06. You already had a 427 and a modded ZL1 you won’t be happy with a grand sport and power level. Just a thought.
But to be honest why pay an extra 6K for a grand sport wide body and not just narrow body for less dough?
If you really want a wide body spend the extra money and buy a Z06. You already had a 427 and a modded ZL1 you won’t be happy with a grand sport and power level. Just a thought.
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From: Pittsburgh
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OP, if this car checks all of the boxes for you, 35k tops
Race Director
Joined: Oct 2012
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From: Melbourne, FL
I agree with you. I too have been periodically shopping for over a year now. It’s certain to me prices are up. C5, C6, C7, doesn’t matter, they’re all up, like by about $5-7k across the board. Not a buyers market right now. Give it a few months. After the election, when Covid settles down, when the C8 Z06 is unveiled, all the older vettes will come back down into a buyers market.
And to be clear, you're not buying a 10k mile 2012 z06 for 40k. You might buy a 35k 2007 z06, but that's 3x the miles and 5 years older
Le Mans Master
Joined: Sep 2017
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From: Rural NW Georgia. GO DAWGS!
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You're definitely shopping at the worst time, right now. Not only is it the typical summer-sales pricing, COVID has driven up prices by quite a bit for the used market. https://www.usatoday.com/story/money...vs/3297869001/
Once things settle down and the cooler months set in, we might start seeing them settle down.
Once things settle down and the cooler months set in, we might start seeing them settle down.
With the GM strike, then Cov19, this is definitely a sellers market. I have a friend who has sold Chevrolet’s at one of the largest dealers in my area for the last 35 years, and their lot, which typically holds hundreds of cars, might have 100 in it now. He told me it’s the worse he has ever seen. I bought a truck from him and he gave me a bit of a break from MSRP, but he told me he was glad I wasn’t trading anything in on it. They aren’t paying people what they usually do for trades, and they aren’t backing off their sales prices much if at all.
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Joined: Mar 2015
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From: Woodbridge CA
There's a lot of other pricing factors. Is it a CE? Or just a regular 2012? Is it a rare and desirable color?
I don't think it's priced high, it has very low miles. If you don't buy it, someone else will.
The best advice I can give you is don't miss out on your dream car over a couple grand. It's only money, and not that much of it anyways.
I don't think it's priced high, it has very low miles. If you don't buy it, someone else will.
The best advice I can give you is don't miss out on your dream car over a couple grand. It's only money, and not that much of it anyways.
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Joined: Mar 2015
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From: Woodbridge CA
Mid to upper 30's gets you a low mileage Z06 garage queen where I live. I'm certainly not going to pay Z06 money for a GS. YMMV
Chevrolet Corvette Z06 2LZ https://cars.ksl.com/listing/6679841
Chevrolet Corvette Z06 2LZ https://cars.ksl.com/listing/6679841
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There's a lot of other pricing factors. Is it a CE? Or just a regular 2012? Is it a rare and desirable color?
I don't think it's priced high, it has very low miles. If you don't buy it, someone else will.
The best advice I can give you is don't miss out on your dream car over a couple grand. It's only money, and not that much of it anyways.
I don't think it's priced high, it has very low miles. If you don't buy it, someone else will.
The best advice I can give you is don't miss out on your dream car over a couple grand. It's only money, and not that much of it anyways.
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Joined: Mar 2015
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From: Woodbridge CA
I searched autotrader and input your criteria. There's 6 for sale in the USA. Lowest is $35k. Others are hovering around $40k.
You might get a larger sample size if you're willing to go up on the number of mileage. Under 30K miles the number of vettes goes to 14 but those 14 are still $35 to $40k.
You might get a larger sample size if you're willing to go up on the number of mileage. Under 30K miles the number of vettes goes to 14 but those 14 are still $35 to $40k.
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Joined: Mar 2015
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From: Woodbridge CA
In early May I got a '12 GS 'vert 3LT auto with 25K miles, cyber grey that was in great shape with new tires. I paid 36.5K for it. Could I have saved a couple thousand had I looked longer and harder? Maybe, but I have no regrets buying the one I have at the price I paid. My plan is to have this car for a long time so in the long run while I may have gotten a slightly "better deal" on another car, five or 10 years from now the price difference isn't going to matter one bit.
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Joined: Mar 2015
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From: Woodbridge CA
Thanks everyone for your input. All I can do is make an offer if see if it sticks. Not in a hurry, and I do believe there is another 2009 right around the corner and toys will be dropping in value. I am bored with not being able to do what I want to do and am looking to scratch an itch. It isnt the right time to scratch.
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Joined: Dec 2019
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From: Pacific NW USA
I don't think the C8 z06 will make a difference at all. Firstly, it's a totally different car, a Corvette in name only. Secondly it's like, 60 grand more than this c6 GS. Thirdly, the C6 is almost 10 years old, it's value won't be affected by new car releases like if it were the new hot **** car.
And to be clear, you're not buying a 10k mile 2012 z06 for 40k. You might buy a 35k 2007 z06, but that's 3x the miles and 5 years older
And to be clear, you're not buying a 10k mile 2012 z06 for 40k. You might buy a 35k 2007 z06, but that's 3x the miles and 5 years older
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Joined: Mar 2015
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From: Woodbridge CA
It’s a domino effect that affects the whole brand... There’s a YouTube video where a Corvette World salesman equates the recent rise of C7 values due to first the GM strike followed by Covid. Since base C8 Corvettes are scarce and not many people can afford to pay over MSRP, they turn and buy a C7. That’s his interpretation based on working with Corvette buyers; what they’re telling him. And it’s the nature of the beast. Once the C8Z comes out, once the market gets satisfied with base C8s and more people can afford them, less interest will be on the C7 and values come down. At that point, people who are currently shopping for a C6 suddenly find they can now afford a C7. There again, the domino effect.
At this point I might just wait on the C8 if I can get past in no longer being a Vette in my book. I wish they had called it a Zora and left the Vette truer to its roots. Not compaining about the car, just not sure the name fits anymore.
Race Director
Joined: Oct 2012
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From: Melbourne, FL
At this point I might just wait on the C8 if I can get past in no longer being a Vette in my book. I wish they had called it a Zora and left the Vette truer to its roots. Not compaining about the car, just not sure the name fits anymore.
It's like if they decided to make a new minivan and called it the suburban and it now had 4 rows. It wouldn't crater prices of the real suburban,.
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Joined: Mar 2015
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From: Woodbridge CA
This is why the C8 has no impact on other generations. They are not the same car. They have the same name, but are not at all the same kind of car.
It's like if they decided to make a new minivan and called it the suburban and it now had 4 rows. It wouldn't crater prices of the real suburban,.
It's like if they decided to make a new minivan and called it the suburban and it now had 4 rows. It wouldn't crater prices of the real suburban,.
Racer
Joined: Oct 2004
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From: Sacramento California
I just traded in my 1999 C5 at the end of August for a 2013 50K mile C6 GS. After trade-in value I spent 25K for the C6 GS, I drove up to Seattle from Sacramento to pick it up. It's black on black, 6spd manual, 60th anniversary edition, 3LT Option Package.
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From: Pacific NW USA
I think it is probably having an impact on C7 cars, but I am not so sure much beyond that. I know several people that were planning on buying/ordered C8's that have bought 7's to hold them over. I am not so sure I understand that, but I do see it happening. Of course I don't undrstand paying 20k over sticker to be an early adopter, let alone soem of the extreme markups I'm seeing. Different car, but saw a GT500 on a lot with a 100k dealer hit on it. For now I'll just be happy with my Raptor and wait until things come back to earth to ad a toy.
Been keeping an eye on the C6 market and... Have people just been adding 5k cause of the pandemic? Looking at a higher mileage GS and one that was 23k at 92k miles a few months ago is now floating around 28/29k for the same mileage. I have two near the southern california area and they're all around the same price, even 24/25 k for a base! - https://www.corvetteforum.com/forums...post1602133577
Last edited by GemStater; Sep 26, 2020 at 12:19 AM. Reason: Link
Race Director
Joined: Oct 2012
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From: Melbourne, FL
I think people realized the c5 market was higher than people said, the C6 is a much better car than the c5, and prices have started to reflect that.
It also doesn't hurt that you tubers are talking about them now. Once you tubers start talking about what great deals they are, prices usually go up, and stay up, by like 30%. You used to be able to get Aston v8 vantage with a stick and low miles for like 25k. Then YouTube figured that out and now they're all 45k with more miles. That was pre pandemic pricing too.
Another thing my dad said is a lot of older folks are taking money out of stocks and stuff and accepting they're likely going to be forced into retirement, and many are buying that car they wanted and had been putting off for years. His friends are all old (late 50s and 60s) like him and many of them have decided their money is more secure out of the market and in a toy they can enjoy.
I think people saying this is a temporary thing are going to find themselves mistaken.
It also doesn't hurt that you tubers are talking about them now. Once you tubers start talking about what great deals they are, prices usually go up, and stay up, by like 30%. You used to be able to get Aston v8 vantage with a stick and low miles for like 25k. Then YouTube figured that out and now they're all 45k with more miles. That was pre pandemic pricing too.
Another thing my dad said is a lot of older folks are taking money out of stocks and stuff and accepting they're likely going to be forced into retirement, and many are buying that car they wanted and had been putting off for years. His friends are all old (late 50s and 60s) like him and many of them have decided their money is more secure out of the market and in a toy they can enjoy.
I think people saying this is a temporary thing are going to find themselves mistaken.
Le Mans Master
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From: Rural NW Georgia. GO DAWGS!
2024 C8 of the Year Finalist - Unmodified
Another thing my dad said is a lot of older folks are taking money out of stocks and stuff and accepting they're likely going to be forced into retirement, and many are buying that car they wanted and had been putting off for years. His friends are all old (late 50s and 60s).
