2014 Stingray future value
Thread Starter
Advanced
Joined: Jul 2013
Posts: 88
Likes: 0
2014 Stingray future value
I am new to the forum (long time lurker) and love Corvette's. I have a deposit down on a C7 and hope to be able to place my order in the next consensus.
I have a question to those who have owned multiple corvettes and the dealers on here. If I pay full MSRP for the C7 does anyone have any idea on the level of depreciation over the next couple of years? I don't think the price of a new one will come down more than 5k in the couple of years right? With inflation the base price may go up in the next 5 years. Dealers may discount a few cars if they have any sitting on the lot, but I doubt GM will offer any rebates in the next couple of years. I think people waiting for the prices to come down more than 3 to 5k may be waiting for several years. Can y'all provide some insight?
I know that the car will not gain in value and I will lose some value as I drive it off the lot, but what is a reasonable depreciation amount over the next few years.
Thanks for your help!
I have a question to those who have owned multiple corvettes and the dealers on here. If I pay full MSRP for the C7 does anyone have any idea on the level of depreciation over the next couple of years? I don't think the price of a new one will come down more than 5k in the couple of years right? With inflation the base price may go up in the next 5 years. Dealers may discount a few cars if they have any sitting on the lot, but I doubt GM will offer any rebates in the next couple of years. I think people waiting for the prices to come down more than 3 to 5k may be waiting for several years. Can y'all provide some insight?
I know that the car will not gain in value and I will lose some value as I drive it off the lot, but what is a reasonable depreciation amount over the next few years.
Thanks for your help!
Melting Slicks
Joined: Feb 2005
Posts: 3,380
Likes: 103
From: Visalia CA
Burning Brakes
Joined: Jul 2011
Posts: 1,027
Likes: 0
I am new to the forum (long time lurker) and love Corvette's. I have a deposit down on a C7 and hope to be able to place my order in the next consensus.
I have a question to those who have owned multiple corvettes and the dealers on here. If I pay full MSRP for the C7 does anyone have any idea on the level of depreciation over the next couple of years?
I have a question to those who have owned multiple corvettes and the dealers on here. If I pay full MSRP for the C7 does anyone have any idea on the level of depreciation over the next couple of years?
pay full MSRP, the combined loss from depreciation + overpaying, will be enormous. And much steeper than the loss seen on most other new cars.
With inflation the base price may go up in the next 5 years. Dealers may discount a few cars if they have any sitting on the lot, but I doubt GM will offer any rebates in the next couple of years. I think people waiting for the prices to come down more than 3 to 5k may be waiting for several years.
if there are GM rebates. Though in real world savings, after subtracting for
3 years of inflated sticker prices, the actual amount saved may be a little less.
Last edited by 85scott; Aug 2, 2013 at 08:23 PM.
Le Mans Master
Joined: Apr 2013
Posts: 6,671
Likes: 4,144
2020 C8 of the Year Finalist - Unmodified
Wow if its only 5 k a year I would be surprized and happy.
Pity the poor McLaren owners. I know one now who paid $285k new, kept it for one year, put on 1100 miles, and is ASKING $205k.
Ouch!
Pity the poor McLaren owners. I know one now who paid $285k new, kept it for one year, put on 1100 miles, and is ASKING $205k.
Ouch!
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
10 Revolutionary 'Corvette Firsts' Most People Don't Know
Joe Kucinski
5 Reasons to Upgrade to an LS6-Powered Corvette; 5 Reasons to Stay LT2
Michael S. Palmer
Drifting
Joined: Jun 2013
Posts: 1,764
Likes: 10
From: Cumming GA
On order: Torch Red Z51
With one of my retirements being from the retail end of the car business, I know that if I planned to turn it in two years, I'd be spending probably $12-1500 per month for that period just to say it's mine. But I plan to keep it, tour in it, and hand it down to my boys when it's time for that to be done. My personal tag will probably stay on it till it's no longer drivable. So depreciation isn't the factor for me it is to some.
I won't EVER track it. Probably
.
I won't EVER track it. Probably
.
Scraping the splitter.
Joined: Jun 2005
Posts: 8,111
Likes: 1,029
St. Jude Donor '13-'14-'15
Those things depreciate as bad as just about anything else out there. I bought a new E55 in 2006 for $95k. In 2012 I got $28k for it. It worked out to just about $1000/month of depreciation.
S.
Race Director
Joined: Nov 2003
Posts: 16,066
Likes: 4,148
From: Bergen county NJ
All kidding aside considering GM will raise the msrp about a grand a year......your depreciating at 5 grand a year is awesome...it would cost you about 400 a month....
Selling in the first year or two, the car should still be in demand...you might get lucky and get 10 grand in the first three years.....
Figure...5 a year for each of the first three years and you ll be close...
Melting Slicks
Joined: Dec 2006
Posts: 2,694
Likes: 106
At MSRP, you're going to lose your a$$ man. The only question is how much. And only $5K? You'll be down that much the moment you drive off the dealership lot 
. If you're value-conscious, right now is NOT the right time to buy.
You'll be down that much the moment you drive off the dealership lot . If you're value-conscious, right now is NOT the right time to buy.
Advanced
Joined: Mar 2013
Posts: 81
Likes: 2
From: Hanover Park Illinois
Perfect example of supply and demand. Wait a few years when these cars are everywhere.
