Prices
Thread Starter
Racer
Joined: Oct 2012
Posts: 335
Likes: 7
Prices
I bought a 2005 Z51 Corvette when it was 6 years old with new tires low milage for $22,000,I am looking at few 2016 Z51 in the same condition and they want $53,000 and up,that is more than twice what I paid for about the same age car,does that sound right?
Team Owner
Joined: Sep 2002
Posts: 30,420
Likes: 4,589
From: Bonita Springs, Florida
Depends on options, condition and mileage of course.
Safety Car
Joined: Sep 2007
Posts: 4,005
Likes: 490
From: South Florida
If you can wait, then wait. If you can’t, make sure you are willing to take a possible 20k hit within a year or two on a USED car. After saying that, I bought a c6 about 4 months ago. I paid a couple grand more than I would have pre-Covid. Now the same car, spec, miles, owners would be about 10k over what I would have paid pre Covid. All that on a sub 40k 10 year old car. To me I’m extremely happy I bought it, but for more reasons than just the price I paid. If the car will bring you whatever you’re looking for than buy it. Tomorrow is never promised.
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
10 Revolutionary 'Corvette Firsts' Most People Don't Know
Joe Kucinski
5 Reasons to Upgrade to an LS6-Powered Corvette; 5 Reasons to Stay LT2
Michael S. Palmer
Le Mans Master
Joined: May 2015
Posts: 5,187
Likes: 1,216
From: Las Vegas Nevada
And you are complaining? If you sell you car yourself, you will probably get $20K for it. That would be 11 years of ownership for $2K. It's all relative. Just FYI, the price for 2016 seems inflated even above what current prices are. C7's prices are soft compared to C6's, so you might look around a bit more for a better deal.
Safety Car
Joined: Sep 2013
Posts: 4,355
Likes: 2,633
From: Draper Utah
I'm not sure where you're getting that info from, but not where I live. I follow C3, C6 and C7 prices closely and percentage wise the C6 and C7 prices are both up about equally.
Race Director
Joined: Nov 2017
Posts: 12,759
Likes: 10,655
From: Prosper TX/Austin TX
2020 C6 of the Year Winner - Modified
The C7 prices I’ve seen are as ridiculous as the C6 prices. March 2020 I was looking at a ‘16 Z06 Convertible with Z07 pkg, 3LZ, manual 7-speed, sport seats, carbon fiber interior, etc. basically every available option with only 15k mi for $53k. Similar cars now are high $70s - mid $80k. ‘19 GSs that dealerships were begging people to buy with $15-20k discounts are back up to their original MSRP. 
