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Its crazy to think pre pandemic was essentially 4 years ago. Ive lost track of how many people swore the sky was falling and everything would be worthless and prices are going to plummet and.... you get the point. The truth is inflation is here to stay. The best advice ive seen here is to plan out your purchase. If you cant afford it now, save until you can. Once you find the one you are looking for, trim/color/transmission/coupe or vert, just buy the dam thing. No sense in hoping you'll find one 1k, 2k cheaper. Sure, dont overpay, but the market is what the market is. Or just dont buy one and regret you didnt.
Agree.....you can always make more money. The one thing you can't beg, borrow, or steal more of is time.
I looked at a GMC Sierra AT-4 about a year ago, similar truck with similar miles is $10k cheaper now (from $55k to $45k). Corvettes are holding tough though
I looked at a GMC Sierra AT-4 about a year ago, similar truck with similar miles is $10k cheaper now (from $55k to $45k). Corvettes are holding tough though
Paid $39 cash in 2018 for my bone-stock 2013 Grand Sport 3LT 6MT with 4,044 miles on it. Worth more today five years later. I searched nationwide for 13 months to find EXACTLY what I wanted and found this 30 minutes from my house at the Jaguar dealer...they had it for one day and I snagged it. You only live once...if you find what you like, get it.
I bought my 2005 base coupe with 40k miles last May and it booked for $22,500 at the time. I only paid $18,000 because it was a recall buy-back car. I paid 80% of the high book value. Solid as hell BTW.
Today, one year later, my car books for slightly over $28,000. Which is nice because that’s how much money I have into it now.
The pandemic caused supply chain issues in the new car industry that they are still reeling from to this day. That is the main factor in the used car market being so high. I have read a couple of articles about it since it first started affecting the market. And…
I just bought a ‘12 grand sport convertible a little over a month ago with 20k miles for $45,100. When I bought it, it booked for about $45.1. By the time the paperwork was completed, and the car had shipped to me, (which was barely a week ago) the blue book had went up to $47,700. In one month! I’m not gonna lie… I’m liking all of that. I’ve never had a car go up in value after I bought it. That just doesn’t happen. So this whole thing is rather refreshing for me.
But I know it’s going to come back and bite me in the *** when I’m ready to go out and buy a Z06 to go with the other two. 😉
I bought my 2005 base coupe with 40k miles last May and it booked for $22,500 at the time. I only paid $18,000 because it was a recall buy-back car. I paid 80% of the high book value. Solid as hell BTW.
Today, one year later, my car books for slightly over $28,000. Which is nice because that’s how much money I have into it now.
The pandemic caused supply chain issues in the new car industry that they are still reeling from to this day. That is the main factor in the used car market being so high. I have read a couple of articles about it since it first started affecting the market. And…
I just bought a ‘12 grand sport convertible a little over a month ago with 20k miles for $45,100. When I bought it, it booked for about $45.1. By the time the paperwork was completed, and the car had shipped to me, (which was barely a week ago) the blue book had went up to $47,700. In one month! I’m not gonna lie… I’m liking all of that. I’ve never had a car go up in value after I bought it. That just doesn’t happen. So this whole thing is rather refreshing for me.
But I know it’s going to come back and bite me in the *** when I’m ready to go out and buy a Z06 to go with the other two. 😉
Kelley. It varies depending on your location. Used my VIN and did a comprehensive options check-off list. Even told me about any recalls I may have out on it. Currently none open.
The 2005 screenshot was taken on April 28. The 2012 screenshot was taken May 12. There is a noticeable difference if you compare them to the ones I took today. The biggest reason for this is that people are asking more money for their Corvettes. That’s how KBB comes up with their amounts.
I have been monitoring this for some time now. All of the sellers out there seem to be setting their own bar. I say go for it. The last thing I want is for these cars to become worthless.
i just got a 08 z51 3lt manual for 22k with 77k miles on the car but its cleaner than some cars i went and saw with 40k miles. i remeber in 2019 i saw a clapped z06 for 18 or 19k the car was thrashed strait piped 130k miles clearly abused but still sub 20 for a z06
Last month I paid $34K for my 07 Velocity Yellow coupe, with 6750 miles, 3LT, heads up display, polished aluminum wheels, magnetic ride with the dual roof package. I exceeded my budget by 3K but it has what we wanted. KBB Private Party Value is $33,062 but doesn't matter because we bought it to enjoy.... The yellow/grey combo was our first color choice.
Last edited by MyYellow07; Jun 2, 2023 at 06:32 PM.
Chalk up high prices to inflation which isn't going away. Both parties are spending hand over fist which will exasperate the problem. Welcome to the dystopian future where Corvettes are appreciating assets at least on paper.
At least it's not just crappy German cars appreciating anymore.
Also bear in mind, the newest c6 is 10 years old now, the oldest nearly 20. They're rapidly entering the modern classic phase. It's the nearly age at which cars like this turn the corner anyways. The fact that GM won't build you a front engine, V8, manual Corvette anymore doesn't hurt either.
I bought my 2012 M6 Grand Sport in 2014 for $41,500 -- used CPO car with 6K miles - no issues. And now I feel lucky to have bought it for what I can sell it for today given what I have read.
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette
Slideshow: A Jaguar designer's personal project imagines what a modern front-engined Corvette might look like if Chevrolet revisited the golden age of the Stingray.
