Z06 vs C7 resale
06-05-2016, 09:55 PM
#1
Melting Slicks
Thread Starter
Z06 vs C7 resale
I'm seeing that the Z06 is holding value better than the stingray.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
calling a 2015, two years old, and i'm stretching that by a few months, that is only a 14.5% drop or 7.2%/yr drop. if you figure they perhaps got the Z06 for 6,000 off, that would be 4%/year.
At worst the 2014 stringray has dropped 31.8% or 10.6% a year or at best it has dropped 24.9% or 8.3% a year.
The z06 has dropped at worst 14.5% total or 7.2%/yr and at best just 8%, or 4% a year.
Further, I'm still seeing tons of guys trying to sell 2015 USED z06's for new 2016 prices. all the forum dealers have 1LZ 2016 for 75-77k now. Just some observations, take it for what it's worth.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
calling a 2015, two years old, and i'm stretching that by a few months, that is only a 14.5% drop or 7.2%/yr drop. if you figure they perhaps got the Z06 for 6,000 off, that would be 4%/year.
At worst the 2014 stringray has dropped 31.8% or 10.6% a year or at best it has dropped 24.9% or 8.3% a year.
The z06 has dropped at worst 14.5% total or 7.2%/yr and at best just 8%, or 4% a year.
Further, I'm still seeing tons of guys trying to sell 2015 USED z06's for new 2016 prices. all the forum dealers have 1LZ 2016 for 75-77k now. Just some observations, take it for what it's worth.
06-05-2016, 10:03 PM
#2
Le Mans Master
Member Since: Jul 2015
Location: Northern California
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St. Jude Donor '15
I didn't buy my car to resell it, I bought it to drive. I can guarantee you it's a hell of a lot more fun to drive than it is to worry about resale value. 
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06-05-2016, 10:06 PM
#3
Team Owner
I'm seeing that the Z06 is holding value better than the stingray.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
calling a 2015, two years old, and i'm stretching that by a few months, that is only a 14.5% drop or 7.2%/yr drop. if you figure they perhaps got the Z06 for 6,000 off, that would be 4%/year.
At worst the 2014 stringray has dropped 31.8% or 10.6% a year or at best it has dropped 24.9% or 8.3% a year.
The z06 has dropped at worst 14.5% total or 7.2%/yr and at best just 8%, or 4% a year.
Further, I'm still seeing tons of guys trying to sell 2015 USED z06's for new 2016 prices. all the forum dealers have 1LZ 2016 for 75-77k now. Just some observations, take it for what it's worth.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
calling a 2015, two years old, and i'm stretching that by a few months, that is only a 14.5% drop or 7.2%/yr drop. if you figure they perhaps got the Z06 for 6,000 off, that would be 4%/year.
At worst the 2014 stringray has dropped 31.8% or 10.6% a year or at best it has dropped 24.9% or 8.3% a year.
The z06 has dropped at worst 14.5% total or 7.2%/yr and at best just 8%, or 4% a year.
Further, I'm still seeing tons of guys trying to sell 2015 USED z06's for new 2016 prices. all the forum dealers have 1LZ 2016 for 75-77k now. Just some observations, take it for what it's worth.
06-05-2016, 10:10 PM
#4
Burning Brakes
I'm seeing that the Z06 is holding value better than the stingray.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
calling a 2015, two years old, and i'm stretching that by a few months, that is only a 14.5% drop or 7.2%/yr drop. if you figure they perhaps got the Z06 for 6,000 off, that would be 4%/year.
At worst the 2014 stringray has dropped 31.8% or 10.6% a year or at best it has dropped 24.9% or 8.3% a year.
The z06 has dropped at worst 14.5% total or 7.2%/yr and at best just 8%, or 4% a year.
Further, I'm still seeing tons of guys trying to sell 2015 USED z06's for new 2016 prices. all the forum dealers have 1LZ 2016 for 75-77k now. Just some observations, take it for what it's worth.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
calling a 2015, two years old, and i'm stretching that by a few months, that is only a 14.5% drop or 7.2%/yr drop. if you figure they perhaps got the Z06 for 6,000 off, that would be 4%/year.
At worst the 2014 stringray has dropped 31.8% or 10.6% a year or at best it has dropped 24.9% or 8.3% a year.
The z06 has dropped at worst 14.5% total or 7.2%/yr and at best just 8%, or 4% a year.
Further, I'm still seeing tons of guys trying to sell 2015 USED z06's for new 2016 prices. all the forum dealers have 1LZ 2016 for 75-77k now. Just some observations, take it for what it's worth.
2014 Z51 3LT Laguna blue / brownstone interior
06-05-2016, 10:14 PM
#5
Le Mans Master
Member Since: Oct 2005
Location: Plymouth Massachusetts
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Finalist 2020 C7 of the Year -- Unmodified
The Z06 is technically still one year old while the 2014 Z51 is 2 years old. The Z06'S will come down in price just like the C6 Z06 and every other car for that matter.
06-05-2016, 10:53 PM
#6
Melting Slicks
Thread Starter
Perhaps. I can't separate the two so I need to maximize my resale value even if that means spending more or getting a used one.
06-05-2016, 11:02 PM
#7
Your information is somewhat skewed. The more options the worse the depreciation.
06-05-2016, 11:12 PM
#8
Team Owner
Member Since: Sep 2001
Location: Denison, TX
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2022 C8 of the Year Finalist - Unmodified
CI 3-4-5-6-7-8-9-10 Veteran
St. Jude '03-'04-'05-'06-'07-'08-'09-'10-'16
Check other cars that were comparably priced originally and you might find the c7 "drop" isn't so bad.
Regardless, cars depreciate, and your years are "off" in your comparisons.
Also, IMO, if you worry about the difference between an 8% or 4% drop, perhaps you shouldn't purchase one.
Regardless, cars depreciate, and your years are "off" in your comparisons.
Also, IMO, if you worry about the difference between an 8% or 4% drop, perhaps you shouldn't purchase one.
06-05-2016, 11:22 PM
#9
Check other cars that were comparably priced originally and you might find the c7 "drop" isn't so bad.
Regardless, cars depreciate, and your years are "off" in your comparisons.
Also, IMO, if you worry about the difference between an 8% or 4% drop, perhaps you shouldn't purchase one.
Regardless, cars depreciate, and your years are "off" in your comparisons.
Also, IMO, if you worry about the difference between an 8% or 4% drop, perhaps you shouldn't purchase one.
06-05-2016, 11:34 PM
#10
Team Owner
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Location: Denison, TX
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2022 C8 of the Year Finalist - Unmodified
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St. Jude '03-'04-'05-'06-'07-'08-'09-'10-'16
Business sense, I assume you mean, and you have no idea what thought I put into my decision as I didn't offer that information here.
Since you mentioned it, though, the average depreciation amount I'd have been ok with would probably be higher than it actually has been. That's a good thing!
06-06-2016, 01:13 AM
#12
Team Owner
There are a lot more Stingrays on the market than Z06's there for demand is going to be higher thus driving up prices......Economics 101 supply vs. demand.
06-06-2016, 01:30 AM
#13
Melting Slicks
Thread Starter
If however you got your c7 6k off, we'll now things look pretty good for the Stingray.
This is potentially only a 2-3yr car for me. I'm likely moving and having kids after that so if I pay 75k and sell it for 65 that's the same as if I buy a used 2014 stingray for 53 and sell it for 43. For the most part, I will also be less likely to mod the z06. I feel like I'm already mentally doing mods on the 'ray to get more power. Headers, tune, e85, intake, will put me in the ~520 crank hp arena but will cost ~$3300 to do it if I install myself. So assuming I pre-order a 2lt grand sport for 66k I'm at 69ish with mods, just 6 grand short of a 1LZ on sale.
But then it won't have curb cameras and heated/cooled seats but does 650hp care? I don't know, haven't answered that yet.
06-06-2016, 01:57 AM
#14
Safety Car
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I ordered my car....spent an additional $1000.00 for the Museum Delivery. MSRP for my 3LT 2016 Convertible was $82,290.00 Ask me if I care about depreciation. I could have bought a Z06 for less money IF I WANTED TO. I got the car I wanted and like the Corvettes I bought before...when the time comes...I'll trade this one in and buy another. And, for those who want to know....would I spend the $1000.00 again for a Museum Delivery....the simple answer is YES.
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Eagle3sh (06-06-2016)
06-06-2016, 02:08 AM
#15
Melting Slicks
Thread Starter
I ordered my car....spent an additional $1000.00 for the Museum Delivery. MSRP for my 3LT 2016 Convertible was $82,290.00 Ask me if I care about depreciation. I could have bought a Z06 for less money IF I WANTED TO. I got the car I wanted and like the Corvettes I bought before...when the time comes...I'll trade this one in and buy another. And, for those who want to know....would I spend the $1000.00 again for a Museum Delivery....the simple answer is YES.
06-06-2016, 02:58 AM
#16
I've seen a blade silver 2016 1LZ ZO6 for 72 on autotrader as well as a couple in the 73k range brand new. There are cheap ones out there.
Last edited by D'ZR1 Messiah; 06-09-2016 at 01:39 AM.
06-06-2016, 06:57 AM
#17
Melting Slicks
I'm seeing that the Z06 is holding value better than the stingray.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
The highest percentage resale to MSRP is always for low to no optioned cars.
On the used market, you will find a Base 1LT, MN7 in a standard (free) color, with no options, will have the lowest drop in price in terms of both dollars and percentage of MSRP - in the used market, people don't pay extra for $1,995 chrome wheels, $995 paint colors, $595 painted calipers, $995 Carbon trim, $595 for interior color override, $995 for body color vents, $995 for the see-through top, $995 for stinger stripes; and they pay just a tiny fraction of the cost for $1,995 or $2,495 Competition seats; $1,795 for PDR, $2,995 for two roofs or $1,995 for the visible CF roof. In that same vein, 3LT adds less than 20% of its additional cost over a 2LT, which in and of itself only brings about 50% more than a 1LT.
People should buy what they want, but don't expect to resell what you have chosen for top dollar, because others have different tastes/wants/needs.
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L8ter (06-06-2016)
06-06-2016, 01:41 PM
#19
I'm seeing that the Z06 is holding value better than the stingray.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
calling a 2015, two years old, and i'm stretching that by a few months, that is only a 14.5% drop or 7.2%/yr drop. if you figure they perhaps got the Z06 for 6,000 off, that would be 4%/year.
At worst the 2014 stringray has dropped 31.8% or 10.6% a year or at best it has dropped 24.9% or 8.3% a year.
The z06 has dropped at worst 14.5% total or 7.2%/yr and at best just 8%, or 4% a year.
Further, I'm still seeing tons of guys trying to sell 2015 USED z06's for new 2016 prices. all the forum dealers have 1LZ 2016 for 75-77k now. Just some observations, take it for what it's worth.
I can find Z51 3LT that were 77k MSRP in 2014 for 52.5K now. That is a huge drop in 3 years.
10.6% a year drop. even if you got it $7,000 off that would be 8.3% loss a year.
The Z06 model I can't find any for sale under 75k except some ugly (my opinion) yellow one with 29k miles on it.
I've found a white 2lz for 73k and an orange 2lz for 74k, so thats 86k MSRP down to 73.5 to average it out.
calling a 2015, two years old, and i'm stretching that by a few months, that is only a 14.5% drop or 7.2%/yr drop. if you figure they perhaps got the Z06 for 6,000 off, that would be 4%/year.
At worst the 2014 stringray has dropped 31.8% or 10.6% a year or at best it has dropped 24.9% or 8.3% a year.
The z06 has dropped at worst 14.5% total or 7.2%/yr and at best just 8%, or 4% a year.
Further, I'm still seeing tons of guys trying to sell 2015 USED z06's for new 2016 prices. all the forum dealers have 1LZ 2016 for 75-77k now. Just some observations, take it for what it's worth.
Secondly, and I don't intend to nitpick, but your depreciation rate calculation yields a slightly low number. The older a car, the greater the discrepancy. I'm correcting you so that a comparison to other cars is accurate.
Think about this: a 2-year old car depreciates to 81% of its original value (100k to 81k). That depreciation is 10% per year exactly (1.0x year 0, 0.9x year 1, 0.81x year 2), but you would have calculated 9.5%. Your formula should look like this:
Value = <Initial Price> * ( 1 - <Depreciation Rate>) ^ <# years>
Original 2014 Z51 example above (77k to 52.5k): 52500 = 77000 ( 1 - x ) ^ 3
x = 11.98% depreciation per year
While I, like you, think in terms of dollars and cents, I bought a Corvette more for the smiles per gallon investment. Good luck in your investigation OP, hope you are happy with whatever decision you make.
