No, I've seen the light on some German sedan purchases - no way to get the same residual value on a trade in on the car with same time period/mileage, as it would have been contractually worth on the lease. The dealer offers were always below.

 

You accepted a low ball offer from a dealer. That's on you.

 

Actually, that may not have been a bad offer. Corvette Magazine just had a discussion about the C6. They stated that prices were "in a state of flux". They suggested that a 2009 coupe with 55K on the clock should retail for around $25K. There are a couple of high mileage 08's with clean carfax within a couple hundred miles from my location asking below $20K. It's taken a while for the older C6 coupes to see a price fall, but it's happening now. Meanwhile, used C7 asking prices are still well above the $40K mark even for 2014s that have either timed out or mileaged out of the bumper to bumper warranty. IMHO, the used C7 market is still strong, but will probably take a hit now that we're heading into winter.

 

Chevy is doing the same thing Harley Davidson did by flooding the market. Years ago their was a waiting list to buy a Harley. What ever you paid for that bike you would get the same value on a trade in. Those days are gone. Chevy is mass producing these cars that the value is dropping a lot. I do agree they are not investment. They are meant to be driven.

 

^^^ New corvettes will never be collectable , they will just take the the place of C6 , as C 5 is now a give away car ..like a C4 .... nothing there to collect.

Harley .....all the old hippies and bikers are sick, diabetic, or dying .....should have been riding bicycles instead. Besides being a death trap . Those bikes will be piled up like firewood one day. Only the antiques will be worth anything. Fade

 

Keep dreaming. By that logic the c6Z should already be worth more than either the c7 or c7z.

What you would see is turbo v8s crushing the c7 and c7z next gen is all.

 

GM's not really in business to help you retain the value of your car. They are interested in selling cars.

 

I distinctly remember those days where the Harley-Davidson dealer sales reps used that projected same value to sell you a new Harley motorcycle. That was before the wheels came off the US Economy 10 years ago. They were riding high. Not anymore.

To me, each new C-Series, leaves a wake of heavy depreciation on the previous C-Series. You really just have to decide where your buy-in number will be in a current C-Series. The good thing is that the road map of choices in the C7 is right before our very eyes - covering 2014 to 2017 models. Choose wisely.

 

I did a year of research on the c6/C7 before I bought mine last month. It was only in the last 3 -4 months from today that the C7s started dropping in prices. It was like a switch was thrown in July or August of this year where the C7s started becoming more affordable than even earlier in the year. I was really only looking at the C5 or C6 until I started noticing the price differentials in the C7 and it wasn't until I joined this board and watched the private party sales start to drop rapidly. Then I started researching new vs Used (c7) and the prices were similar across the board, with a few package exceptions. In addition late model GS and 2013 LT2s were hovering in that high 30 mid 40k price range. I don't know if they were selling at those prices but it could not have helped that 2014/2015 models were hitting the market at the same time. Then the 16' closeouts were also in the high 40s at the time.

I have always tracked car prices over the course of the year before I purchase one, with one exception was our 911 (was looking at G37s). But the Corvette was fascinating at the sheer amount of C6s that were MY 08 - 11 with pricing that was similar to the C7s maybe 10-12% off in asking price difference. I had never been a Corvette Guy before this so I hadn't anticipated numbers like this.

So I bought a low mileage 07 C6 for about 20k and i think it was a decent deal - all things considered.

 

Unfortunate but no surprise, going to be even lower in the next few months.

Damn, 20k hit in 13 months....

 

I'd assume he got at least 10% off. I did 11% off MRSP without trying when I ordered my 15 in feb of 15. So more like $12kish. Maybe ~$14K after he gets bid down to $45k.

I'd also assume that the 1LT cars are gonna fare better relatively speaking.

 

Well, if you think our depreciation is bad- look at the 2014 Jaguar F-Type- $105k new for V8S model, now selling used for ~$61-64k with an extended factory warranty good for another 3+ years

Trade-in Value = $49k on KBB

so > $50k depreciation

 

A buddy of mine that's a car salesman offered me a $105,000 Audi for $36k the other day it was only two or three years old with mid 30s for the miles.

 

My last post but I "unsubscribe" to this silly thread.

Did you really think cars don't depreciate? Cars depreciate so get over it.

I don't give a sh-t how much my C7 depreciates I have too much fun driving and owning the car to care.

 

Pure economics.....Demand is much less than supply. C6 production units were 12-14,000 per year. C7 production in the 33,000+ units per year. Plus, overall automotive market is slowing down, hence, softening of used vehicle prices.

 

The c6 sold in high volume for 4 model years. then slowed down.

So far its the same as the c7.

http://tech.corvettecentral.com/2013...ction-numbers/

 

Yep. The diminishing value made me make my mind up to start a few mods.

 

Yep, Corvettes have limited appeal but their owners are avid fans.

 

C7 still one of the best resale value sports cars.

Year 1-3 are always the deepest depreciation for any car.

This thread is mistitled.

Title should be: "C7 values still relatively high"

I think I'll start a thread by that name when I have time.