Ryan Bell

Clear title, mileage under 40k miles.

Where are they finding deals like this???

Aren't most going for high $50's?

GTB/ZR-1

I believe the prices...

Every so often, people sell their cars for ridiculously low prices, because they want out immediately & taking a hit like that is virtually painless for them, financially.
They'd actually be better off having someone follow them to Carmax, so they can stroke them a ck. Chances are they'd get more $ that way, too...

On the flip side, potential buyers hear abt these transactions & will adjust what they're looking to pay for a car. The problem is, those prices are artificially low & they'll offend a lot of people when they make their offers--unless they come across one of those uninformed/money-doesn't-matter individuals...

jschindler

How do you know this?

BMcD-Z06

If it sounds too good to be true.........................

Not questioning the integrity of the OP, just doesn't jive with what's out there. I already have had the dealer where I bought mine call me recently and ask if I have any interest in selling. When I asked how much, he said $53-55K depending on condition. So you know he's going to try and get $57-58K for that thing. 06 with 5500 miles, BTW.

C5 Frank

Could be they have their dealers license and picked them up at the used car auction..??? That is below offical wholesale prices. Unless they are ragged out, wholesale is at least $50k.

Hatdude

That's not all that far off. I believe the OP said "$40s".. which to me means $49K. Low for sure but not $10K under wholesale. There could have been issues with the cars too.. rough condition.. who knows. Not really much detail here so it's very hard to say. There have been many times I've seen what looked to be a great deal on paper, only to see the vehicle in person and pass due to "issues".

Frenchican

Perhaps there are other influences that are contributing factors here. I wonder how many of these '06 Z owners took an equity loan on their home at sub-prime adjustable mortgages to get their cars?

Could be some folks dumping their Zs to keep their houses.

steve miller

Would anyone here really buy a Z with 40,000 miles on the clock? Datawiz (Craig Ellis) was down here last week and visited for a while. He had his Z on a trailer because he was going racing at Moroso. He has less then 2K miles on the car. As beautiful as his black Z is would you want to buy that car at ANY price especially whe the odometer reads 10K?

427Z0SX

[QUOTE=steve miller;1563823214]Would anyone here really buy a Z with 40,000 miles on the clock? Datawiz (Craig Ellis) was down here last week and visited for a while. He had his Z on a trailer because he was going racing at Moroso. He has less then 2K miles on the car. As beautiful as his black Z is would you want to buy that car at ANY price especially when the odometer reads 10K?[/QUOTE]

So how many miles does he have on the car again?

steve miller

[QUOTE=Rapid Transit;1563823332]To clarify, I mean
"would anyone buy that car when the odometer EVENTUALLY reads 10K miles"

vetracer

Yes, if I was going racing too.

eurotrashkicker

Bingo. If I found a 06 w 5500 miles for 57 I'd jump. Closer to 60 i think they will want to get

RFZ

watched an 06z with 13k miles sell for 54k on ebay,,,,auction ended yesterday....

RC45

Hehe - all the panicked C6 Z owners - you cant stop the value slide.. It's going to happen - depreciation is the great equaliser.. .

In 3 years you will be crying that your cars are only worth $33K... well, only the guy swith 3,000 miles will be crying, the guys with 50,000 miles will be laughing at the memories of the fun they had driving their cars.

Like the guys with 2002 C5 Z06;s with 4,000 miles on.. they barely get $500 more than the guy with a 40,000 mile 2002 car

2007Z06VIC/RED

low mile z06's with very low miles will never go in the 30's in three years, only z's with high miles rough condition will sell for those prices

these are cars with 427 motors

the old z06 i say old meaning the c5 's did not have 427 motors in them hense the prices compared to regular corvettes there is a huge diffrence in the c6 z06 and a c5 z06

lets jump to the year 2011 do you think someone who is selling a 2006 or 2007 z06 with 8,000 perfect condtion one owner car is going to sell for $30,000.00

i think not and if there is ill buy it for that price in 2011 the z06 if there is one will cost around $85,000.00

RC45

Believe what you want - its only a car to more than 90% of the market place now, and only a "used" car to the 95% of the market place when yo uneed to sell it

The car is not limited production, it is a GM and it suffers form regular carfailures - the few private sales or "Corvette Specialist" sales of used Vettes don't dictate the real value - auto wholesalers and the used car auction market dictate the value - and sooner or later, as special as we think the Corvette is, it becomes just another used car

At 5 years old, 50% value is about right for the C6 Z... or many cars in this day and age.

Now, whether the chap with the used C6 Z in 2011 wants t accept $30K or not is no mind, thats what he will have to accept

jschindler

Some of what you say makes sense, some does not. Auctions don't dictate the value of cars, they are simply the most accurate barometer. Supply and demand dictates the market. Wholesalers are just as attuned to the laws of supply and demand as any other part of the supply chain.

GTB/ZR-1

To buy a mint, low-mile '03Z (which is a close derivative of the base C5, as we all know), will still bring approx $30k retail--abt 60% of its new value for a (now) 5 yr-old car.

The C6Z have been out almost 2 1/2 yrs. I really don't think they'll be down to $37.5K (abt 50%) in another 2 1/2 yrs for a mint, low-mile '06. I'm betting closer to $45k (abt 65%) due to much higher content, compared to a base C6.

JMHO & YMMV...

'06 Quicksilver Z06

Out of curiousity, how do you think the ZR1 will affect the price of the used Z06?

BTW, in 3 years, the C7 will be on the threshold. So all C6 prices are apt to drop.

That is unless of course, the power of the C7 is nowhere near the power output of a 427cu inch LS7 based C6 Z06.

If that happens, that the C7 is "underpowered" and significantly so, in comparison to the C6 Z06, then do you still predict the doom you predict for the C6 Z06?

I have no plans of ever selling my Z06, its a keeper, and I will probably go with a C7 Z06, if there is such a thing, or a Pontiac Solstice if there is no C7 Z06.

I don't see myself in any other Vette unless its a Z06.

But anyway, curious as to your thoughts on how the ZR1 will play into all of this, and on how you think the new CAFE resraints will play into it.

Thanks.

Performance Junkie

Galves is the "Bible" for true wholesale prices at auctions.
While I LOVE both cars equally...here is where the Viper GTS Shines in Value residual...but they too are lower "right now" with the economy and fuel as it is.