71 Stingray

Z06 Enthusiasts…

Is the new Z06 going to depreciate like a rock or, due to the performance and drivability aspects of the car, will it hold strong and be a GREAT long-term investment?

I am being told that production will be too high for it to be a true collectors car?

Regards,

Andrew

strato1958

Serious depreciating asset! without question that pop is your money going out the window

Meros

Depreciating asset, although Corvettes do not seem to depreciate as fast as other cars once you get beyond that initial first and second year hit. It is a big hit if you buy at dealer markup. They are meant to be driven and have fun with!

Jinx

Like other mass-produced machinery, you'll probably have to wait twenty or thirty years for nostalgia to kick in before the Z06 appreciates in value.

Another major downturn in new-car performance, like we saw in the 70s, might provide a premature jump.

Anybody who buys a Z06 as an investment in anything but racetrack victories or huge smiles is going to be disappointed.

.Jinx

Nitrodamus

In 1963 they made 199 Z06’s… those are worth quite a bit.

I have a 63’ with AC, they only made 278 of those. It’s only worth a little more than I paid for it 14 years ago, but I bought for pleasure not for potential resale.

There is really no limit to the new Z06 production. GM will make as many Z06’s as people will buy and will they continue to depreciate.

robvuk

No such thing as a "Great, long term investment" when speaking of ANY car. If by chance a car is worth more than expected 30 or 40 years down the road, it's usually pure luck. On the other hand, if you purchase just about any car on the market and put it on blocks and under cover for 40 years, it will probably be worth quite a bit, but the increase will only reflect inflation during the time period which is NOT a GREAT investment. Take any car from the 50's or 60's and adjust it's original cost for inflation, compare it with what it would be worth today in pristine condition and you'll see what I mean.

If you want a Corvette, buy it and enjoy it but don't ever expect to get your money back.

If you want a great investment, I have some land in FL I'll sell you.

rockettc

I think the rarest car for C6 2005 would be a precision red convertible. It's not a Z06 but if they built some it might eventually have collectors appeal.

usroute66 MKW

The only "current" car that is production and US sold that will be worth big money in the future will be the Ferrari Enzo - only 399 made for the whole world - they are done. The Porsche Carrera GT and MBZ SLR will be built in the thousands . Who will pay big bucks for the Enzo in 30 years ? The typical " nostalgia " buyer of high demand vintage cars:45 -55 y/os who had posters of their dream car on bedrooms/dorm walls when THEY were teens . The cycle always repeats - that's why 60s muscle cars are hot right now, and cars like Packards and Duesenbergs , etc have dropped in value - their buyers 20 years ago who remembered these grand cars as little kids in the 1930s are getting too old to even drive now . OTOH, there will be slim pickings after the early 70s on model years . Ferrari 288GTO, F40, F50, Enzo are about it. I doubt current limited production high HP sports specialty cars like Pagani or Koenigssegg will mean anything since they have no provenance . Everything else is now made in the thousands - even V8 Ferraris are now built in the tens of thousands over a 6-7 year run.

HUDDA

Depreciating asset, especially when there's improvements made year after year. If MSRP is too high, I will definitely choose to buy property instead and look for a reasonable C3 to enjoy. However, this is just my opinion.

81ZZ4

Buy what appreciates.....
Lease what depreciates...
It's a toy not an investment.

Sorry to say but Vipers are amazing with resale.
Just get one and drive it like you stole it

BHP

The way technology is moving the Z06 will be on used car lots selling for <$35k (~ 5 years). In ~ 10 years, hydrogen powered cars will be on the scene.

kewlbrz

Only the rarest of the rare corvettes (under 200 or so production) like the L88's, will ever appreciate, and even then its after a 20+ year period.

Look how rare the 65,000 dollar ZR1's are. You can get them for less than half that now. Moreover, dont forget that 65,000 dollar price in todays dollars is around 100,000. So at 30,000 today for a good example is a 70,000 dollar loss.

A cars value is in the happiness and enjoyment it brings you. That can be an asset.

Regarding vipers. at least the new ones, they can hardly sell them. Viper unfortunatly, from a competitor stand point, may be a thing of the past very soon. Too bad as competition fosters betterment for all brands.

SMFCPACFP

Any new car has a long way and many years to go down, before it begins to rise in value again. You would be better off putting your money in a bank savings acount.

hhntr111

It is a depreciating asset. As others have said, it is a toy to be used, or waxed, or shown, or modified, or raced, or looked at in the garage while you walk the dog before bed. We pay to play.

hhntr111

RandyVettes

Well Said!

Joe’s Z06

lt1george

I remember these same questions about the 1990 ZR-1 and the early Vipers. Where are they now.......

Oneslackr

with the above statements. Cars aren't investments 99.999% of the time. They're depreciating money pits.

If you can't enjoy it for what it is..a blast to drive that makes you grin from ear to ear...then you probably shouldn't buy one.

4cefed

You have to wait at least 20 years to see the real effect. PLus, most car's (ZR-1's in this case) will not be worth very much. Only the ultra low mileage, 10 out of 10 quality, are the ones that will have a chance to go across the Barret Jackson action block in 2015 and might be worth something.
I remember when I could buy a sweet 1969 396 Camaro for $2,999 back in 1980. Can't touch that same car for less than 25K today.
You never know but I wouldn't buy any car with the hopes that I would make money on it one day.

robvuk

Proves my point above. Even a nice ride like that is only worth $25k today and that's just the inflation we've had since 1980. So the real net gain is a big "0". Not a very good investment.