OhhhApieceOfCandy

What were 01 C5Zs selling for in 2014? My memory is that they were at about where they are now. I'm not saying the LS7 cars don't still have some depreciating to do, but I see values dropping maybe 5k from where they are now, not 10-12k.

keeso6z

I don't see the C8 impacting the value of our cars. However they could continue to slide for a while, but possibly level out. The C6 Z and ZR1 will be considered classic Corvettes and desirable for collectors at some point and that will positively impact the values.

Unreal

Exactly. You can get a c6z for mid to high 20s now, so another $5k or so off over next few years.

OhhhApieceOfCandy

Most high mileage cars I see are in the 27-29 range. cars with sub 50k miles in decent shape are still in the mid 30 range. I don't see those dropping under 25k any time soon but what do I know.

Unreal

Keep looking harder. "high" mileage 50-60k cars are in that 27-29 range with 80k+ in the mid low 20s already.

OhhhApieceOfCandy

I just ran a nationwide search on autotrader for C6Zs with under 60k miles. The absolute cheapest one I found was a silver 06 with 56k miles for 29.6k. So yes, you can find a first year car, in the most bland color for the top end of your range. But the average person who wants a somewhat newer car in a more desirable color is paying closer to 33k. I don't see that car dropping to 23k in the next year or two. 4 years out? Maybe.

Manuals are dying and so are NA motors in general. I'm not going to go off the rails and say that makes these cars some sort of 6 figure diamond in the rough, just waiting to be discovered, but I do think that raises the floor for a 500hp 3,100lb sports car.

phxcobra

Man, what other car comes close to c6 z06 performance for 20-30k? They really are an amazing deal.

Apocolipse

Till the person whom can barely afford the payment has to fix literally...anything on it.

K-Spaz

I do have to say, they are quite a bit more money to maintain than a base model or c5 gen car. Not that it should be a determining factor, but if someone moves up to one and as you say, stretched the budget a bit, a repair can be big pill to swallow. And that's true even if you've got the means to cover it.

Josh M

You have to kind of wait for good deals but Unreal is right. Deals are already out there. I got my 2007 z06 with 14,500 miles in great condition, only 1 small chip in the paint anywhere for 29,500. Came with window sticker, all original paperwork, all maintenance work and new tires.It was an older guy who wanted to trade it in and get a Tesla, so he posted it up for sale for 500 more than the Tesla dealership offered him. Ironically I would check this forum, cargurus, autotrader, ebay, cars.com, etc every damn day looking for a car I liked. This one just happened to pop up in a local ad my friend saw and sent it to me.

Bottom line is these cars will depreciate, but they aren't going to fall off a cliff in depreciation. Just get out and enjoy the car

Unreal

Open facebook, first thing popped up, 2006 c6z, 86k miles, asking $22k. So yes they are out there already in that range. Sure you are going to pay $30k+ for a low mileage later model, but those will continue to drop as well. If you can't find a nice driveable c6z in the 20s you aren't looking hard enough. If you want a collector car low mileage car to sit in a garage, of course it will be higher.

Bigjsn250

Are there 15K C5Z's, 22K C6Z's and 45K ZR1's? yes, yes and yes and all come with high mileage, accidents, multiple owners, stories and issues. Here are the facts, on average a decent (decent being 1 to 2 owners, no accidents and average or below avg mileage) C5Z goes for 20-22k and decent non ZO7 C6Z goes for 30-35K, a decent ZO7 C6Z goes for 40-45K and a decent ZR1 goes for 55-60K. Newsflash here, but the economy has a lot to do with pricing. No one can predict what the DOW, Interest rates or the Country's micro and macro economy is going to do in the future.

The C8 is mid-engine and no manual trans option. That could be a deal breaker for some and that could lessen the hit on the C7 and C7Z. The other thing that could lessen the blow is the fact that we have no idea when a C8ZO6 or C8ZR1 are going to appear. So that person wanting 650hp will not have many choices for a few years, unless they want a 4000+lb ZL1 or CTSV. The C5 and C6 will have normal depreciation as long as the economy remains strong. The C6ZR1 with only ~4000 produced is not going down any further. Anybody that disagrees with that statement I would be glad to make a small wager.

92rsz

Had a friend show me a listing for an 06 Z with 88000 miles on it for 25k wanting to know if it was a good deal. I advised against it because he didn't take into account how quickly he'd get over the 30k mark when things started to fail as pointed out in an above post. They're out there, but they've mostly been beat on to get the price that low. But that is a smoking deal if you're looking for a track car!

Texasthunder

Another key factor is the "person" willing to give away his or her C6.

zet06

Seems that the C6 Grand Sport is still a hot item.Especially GS verts. I think the low mileage 11-13 Z is still a bargain and will not drop much more. Early 06-09 will continue slowly downward as lots of beat up, high miler and modded ones available for 20-25 K... . It seems that every dealer has too many C7s. Think GM deliberately flooded the market to give time for the C8 to sink in.Should be some deals especially if you can find a man trans .
I see the C8 evolving dramatically very year and within 2-3 years for sure a hybrid option.
After owning a tight fitting C7 'Ill stick to my C6 427 Vert and will forget the C8 especilly if they can't deliver it for a decent price.

Gunrunner72

I'd agree with this too. These cars have gotten cheap enough for "younger" people to buy, but many get tired of the bread it still takes to make the payment and look to unload them quick. And, even more probably run into the new wife/first kid scenario.

keeso6z

The really cheap deals in the $20s and low $30s don't apply to extremely low mile collector quality cars that spend most of the time sitting in the garage. Those are in a different category. And those will be the ones that hold their value and possibly go up in value at some point after the values bottom out. But most don't buy one to have sit in the garage and collect dust.

GX427

Anyone think a 40-60k mike c7z will hit the 40s mid around the c8 drop?

Texasthunder

With the number of new C7 corvettes sitting on dealer lots waiting to be sold I don't think used C7's will drop much.

phxcobra

Are you saying there are a lot of c7s waiting on dealer lots to be sold? If so, would that seem to indicate to much supply and as a result prices for new and used would drop?