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Now that pricing is out how long will it take to pick one up used for $42-45k?

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Old 04-28-2013, 09:26 AM
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vexC7
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Default Now that pricing is out how long will it take to pick one up used for $42-45k?

That is my price range..No more..So with that said, how long will it take for a used one to hit 42-45k? I am hoping by the end of summer in 2014 but is that wishful thinking? Base model will be fine with me so that doesn't bother me one bit since I will be putting my own extras on it
I was originally apprehensive about me getting one, thinking MSRP would be over 55k..but now that its under 52k it got me back to being excited
Old 04-28-2013, 09:29 AM
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bmacZO6
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4 years 126 days 6 hours and 4 minutes, give or take 5 years.
Old 04-28-2013, 09:31 AM
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-CM-
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Total WAG here, but I'd say you won't see that price range until there's a substantial upgrade or even not until the Z model comes out.
Old 04-28-2013, 09:42 AM
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JoesC5
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Originally Posted by vexC7
That is my price range..No more..So with that said, how long will it take for a used one to hit 42-45k? I am hoping by the end of summer in 2014 but is that wishful thinking? Base model will be fine with me so that doesn't bother me one bit since I will be putting my own extras on it
I was originally apprehensive about me getting one, thinking MSRP would be over 55k..but now that its under 52k it got me back to being excited
I'm assuming that you are talking about a $52,000 MSRP 2014 selling used for $42-45K, not a $65K car.

No one knows how popular the C7 will be or the initial demand for the car.

But, I'm guessing it will be at least 24 months before used C7's will show up selling for $7-10K below MSRP. 24 months from now, new C7's will likely be selling for $3-4K off MSRP(IMO).
Old 04-28-2013, 09:44 AM
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vexC7
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Originally Posted by JoesC5
I'm assuming that you are talking about a $52,000 MSRP 2014 selling used for $42-45K, not a $65K car.

No one knows how popular the C7 will be or the initial demand for the car.

But, I'm guessing it will be at least 24 months before used C7's will show up selling for $7-10K below MSRP. 24 months from now, new C7's will likely be selling for $3-4K off MSRP(IMO).
correct I'm referring to the BASE model MSRP $52k price being used for 42-45k
Old 04-28-2013, 09:47 AM
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lt4obsesses
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Originally Posted by -CM-
Total WAG here, but I'd say you won't see that price range until there's a substantial upgrade or even not until the Z model comes out.
I agree that it won't happen until the Z-model hits the dealers. I can see some folks not wanting to wait and getting a no optioned 1LT car just to "get them by" until the Z-car is available. Which may very well be next fall. But even then, the 2014 will probably sell in mid high 40's.

Market demand, or course will be main factor. If GM holds productions, closer to sales, there still may be a higher demand.
Old 04-28-2013, 09:49 AM
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That'll be a fur piece down the road, son.
Old 04-28-2013, 09:54 AM
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Bill17601
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You can Wish Upon a Star...
Old 04-28-2013, 10:15 AM
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Glenmcp
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As soon as the Z06 or whatever it is called comes out, those with money who bought a 2014 will be selling their 2014.
Old 04-28-2013, 10:52 AM
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vexC7
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Originally Posted by Glenmcp
As soon as the Z06 or whatever it is called comes out, those with money who bought a 2014 will be selling their 2014.
ok cool I guess i'll just have to wait it out
Old 04-28-2013, 10:54 AM
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Originally Posted by vexC7
That is my price range..No more..So with that said, how long will it take for a used one to hit 42-45k? I am hoping by the end of summer in 2014 but is that wishful thinking? Base model will be fine with me so that doesn't bother me one bit since I will be putting my own extras on it
I was originally apprehensive about me getting one, thinking MSRP would be over 55k..but now that its under 52k it got me back to being excited
I think your figures are right on target, if the car was totaled in a wreck!
Old 04-28-2013, 12:05 PM
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sam90lx
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I think it would possible to pick up a used base within a year or so for 45ish. Like any car when you drive it off the lot it drops 8-10k in this price range of autos...imo!
Old 04-29-2013, 05:49 PM
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jdhommert
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I'm hoping dealers will be selling in that price new after about a year or two.

They've done it the last 15 years or so...
Old 04-29-2013, 05:55 PM
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Matt26
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1LT Base will be in the $42k - $45k as soon as it becomes used.

Dealers will go a couple grand below MSRP a few months after launch so you are talking about a $5k difference in price.

Most people will pay $3-4k more for a brand new one, so a used one will have to be below that threshold.
Old 04-29-2013, 06:12 PM
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tail_lights
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Originally Posted by sam90lx
I think it would possible to pick up a used base within a year or so for 45ish.
Old 04-29-2013, 06:16 PM
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ck9887
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Originally Posted by Matt26
1LT Base will be in the $42k - $45k as soon as it becomes used.

Dealers will go a couple grand below MSRP a few months after launch so you are talking about a $5k difference in price.

Most people will pay $3-4k more for a brand new one, so a used one will have to be below that threshold.
Doubtful....

It's going to be nearly impossible to find a C7 that sold for the $52K base price. Nearly all of them will at least have a few options..

Just look at used 2012-2013 models. Dealerships are asking $45K for them. And they are not the newest thing on the streets like the C7 is.
I'd say after they've been out for 6 months or so, they will be selling used ones for $48K
Old 04-29-2013, 06:24 PM
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forg0tmypen
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Im guessing 2 model years. So May 2015 is my guess.

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To Now that pricing is out how long will it take to pick one up used for $42-45k?

Old 04-29-2013, 06:46 PM
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Matt26
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Originally Posted by ck9887
Doubtful....

It's going to be nearly impossible to find a C7 that sold for the $52K base price. Nearly all of them will at least have a few options..

Just look at used 2012-2013 models. Dealerships are asking $45K for them. And they are not the newest thing on the streets like the C7 is.
I'd say after they've been out for 6 months or so, they will be selling used ones for $48K
More people buy the base model than you think.

New 2013's were being sold for $38K or $35k with owner loyalty.

Also, 54% of base coupes and 52% of base convertibles in 2013 were 1LT. There are plenty of people that will buy the base 1LT model. It is the most practical way to get in to a vette.

Dealers can ask whatever they want, asking price != selling price.
Old 04-29-2013, 06:48 PM
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RedC7AZ
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Originally Posted by JoesC5
I'm assuming that you are talking about a $52,000 MSRP 2014 selling used for $42-45K, not a $65K car.

No one knows how popular the C7 will be or the initial demand for the car.

But, I'm guessing it will be at least 24 months before used C7's will show up selling for $7-10K below MSRP. 24 months from now, new C7's will likely be selling for $3-4K off MSRP(IMO).
\

The moment one drives their new C7 off the lot the value of the car drops 10% from MSRP. Just like any other mass produced new car.
Old 04-29-2013, 07:22 PM
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jkcam6017
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Late fall 2014. After the 2015 models start being ordered, some 12 month leases are up, dealers start selling their demo's, people get sick of the ergonomics of a sports car, back problems, hip, knee problems, divorce, death, birth, pregnancy, unemployment, marriage, kids, college tuition, dental work, breast augmentation, retirement, insanity, sanity, and anything else I forgot that will cause some people to sell.


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