So...used value

Reply Subscribe

Thread Tools

Search this Thread

Mar 18, 2018 | 02:22 PM

#21

Mrc100

Burning Brakes

Joined: Jan 2011

Posts: 825

Likes: 99

My 15 stickers for almost 76k. I paid 56k new and got $29k trade in on my c6.

Mar 18, 2018 | 02:38 PM

#22

3 Z06ZR1

Team Owner

Joined: Mar 2005

Posts: 20,933

Likes: 906

From: salem OR

Quote:

Originally Posted by Streetrod782

Just venting here so if you don't want to hear me bitch don't read. I've had my 2016 Z51 for a little over two years and was getting the itch for something different. So looked at a ton of new Hellcats in the Chicago area but when I went to get a trade in value I was floored. Anywhere between $42-45k for my car. Holy **** I couldn't get over how many used Corvettes there were in the market. The bottom really dropped out of these cars. This thing stickered for $72k and has lost about 30k in 24 months. Looks like she's staying put for now. Sorry for the rant...so for the forum member who offered me 45k last year you were right!!!

You took car in to trade and got a number. If you were looking for more you always sell it yourself. You are right more C7's than any other Corvette. If bought with a lot of options those cars lose the most the fastest.
A little more for a base Z06 that drops value the slowest.

Mar 18, 2018 | 04:33 PM

#23

PobreWey

Racer

Joined: Oct 2017

Posts: 274

Likes: 86

From: Calgary

Logic is really important to use when you're a grown up. When Math/Logic/Reality and I'd say even history and actual research is used before buying things or making decisions.... you don't end up being as surprised as you were.

Mar 18, 2018 | 06:24 PM

#24

falcon5619

Burning Brakes

Joined: Sep 2007

Posts: 1,048

Likes: 300

From: FL

Yeah, whenever you buy new you have to expect big time depreciation in the first 3 years or so. The only new vehicles I have seen that held their value really well we a Toyota Tacoma, FJ Cruiser and Subaru WRX. They all lost less than 20% of their value over 3 years.

Sports cars, forget it. Buy used if you can't stomach the depreciation.

Mar 18, 2018 | 06:40 PM

#25

C5Driver

Racer

Joined: Nov 2004

Posts: 489

Likes: 174

20 years ago you could sell a 2 year old C5 and only take a 3-4K loss on it.

Mar 18, 2018 | 06:50 PM

#26

AORoads

Team Owner

Joined: Jun 2005

Posts: 46,295

Likes: 2,596

From: Northern, VA

St. Jude Donor '15

"In honor of jpee"

Quote:

Originally Posted by joemessman

That's a gorgeous car! Now I'll have to consider yellow.

That is a gorgeous yellow Vette.

Jun 27, 2020 | 10:16 AM

#27

seniorstorekeeper

Burning Brakes

Joined: Jan 2020

Posts: 808

Likes: 399

From: NW Georgia

I have noticed the same thing about the C7's for sale. Last year when I looking at the market to buy my car, told my wife that one thing about it, finding a good C7 Corvette is easy, they are everywhere. Not so much anymore, everyday I look at the market for the C7's on many different sites and have noticed that unless it is a high miler, all the cars are holding their value and are actually harder to find. Vroom and Carvana both used to have pages full of them for sale, not anymore, what few cars they have sell very quickly and not many cars coming available like they were and the pricing is pretty consistent starting around 40k and going up.

Jun 27, 2020 | 10:48 AM

#28

Zjoe6

Moderator

Joined: Aug 2015

Posts: 12,293

Likes: 4,762

From: SE WI

This is an old thread so things have changed drastically since 2018. Many factors come into play today. One of the most significant is that the biggest competitor of used C7's, GM, is not making them anymore. Then there's the delay of the C8..... that don't have manual transmissions. This summer is a great time to sell a C7.

Last edited by Zjoe6; Jun 27, 2020 at 10:49 AM.