Bought before March 3rd?
Racer
Joined: Sep 2013
Posts: 481
Likes: 3
From: Houston
The worth of a car depends on how much a person will pay to buy it. A few grand here and there will not make it a big deal imo. These cars are meant to drive and are not an investment, it is depreciating daily...
Racer
Joined: Dec 2013
Posts: 453
Likes: 23
From: Londonderry NH
I think if anything the increase just means we have some extra equity...a little bonus as I think of it.
You could, theoretically, sell you car for what you paid or maybe a little more (provided it was MSRP or less) to someone looking to buy one. They would be saving the increase, or some of the increase.
Of course as bevo 87 said, that all depends on whether you could find a buyer willing to pay the price.
-Mark
You could, theoretically, sell you car for what you paid or maybe a little more (provided it was MSRP or less) to someone looking to buy one. They would be saving the increase, or some of the increase.
Of course as bevo 87 said, that all depends on whether you could find a buyer willing to pay the price.
-Mark
Instructor
Joined: Oct 2013
Posts: 235
Likes: 0
From: Lansing Michigan
I asked my salesman this question yesterday. If the price of my Z-51 increased $3200.00 how does this price increase effect the wholesale/retail value of my car. He said that either value would increase somewhere in the area of half the price of the cost increase. He's no dummy and has sold Corvettes for years and has dealt with mid year price increases on previous GM vehicles.
AIR FORCE VETERAN
Joined: Nov 2009
Posts: 6,223
Likes: 441
From: Pennsylvania
The value of anything is determined by the market. Price guides, like KBB, do not buy cars people do. The day you sell your car and accept payment that is the value. No matter what someone else paid.
