patentcad

A smart buyer gets the best deal he or she can on their Corvette (new or used, I bought new in Dec. 2016) and then ENJOYS their car. The constant hand-wringing over this aftermarket value is preposterous. I don't really know how much my 15,000 mile 2LT M7 Z51 is worth, and I won't care until I consider trading it in on something else.

Newsflash: if you think Corvettes are INVESTMENTS, you're going to be wrong 95% of the time. They are CARS. Keep yours long enough and it might work out financially, but I buy stocks for my portfolio, and I'd say that my average long term annual gain of 15%+ over 20+ years might indicate I have at least a CLUE when it comes to investing. Anyone speculating on the value of a used C7 along those lines may not.

Kent1999

CORVETTE BUYER PRE-PURCHASE: "Who has the highest discount??" "Why is my dealer not discounting more?" "GM's greedy!" WAAA!!!!
CORVETTE BUYER AFTER PURCHASE: "GM is killing Corvette values by overdiscounting!!" "Why do they have to produce so many Corvettes???" WAAAA!"

Just like clockwork!

orca1946

Supply & demand my friend! When you want to buy a car - shop around & bargain for the best price then available to you.

roadbike56

Really? Did you ever track the prices of C1 or C2 from when they were new?
In 1971 you could buy a split window coupe for around $1K. That's a pretty healthy drop from its $3500 sticker in 8 years. C1s were selling for well under $1K in the early 70s. Those owners took plenty of depreciation.
I bought a chrome bumper 69 C3 for $4650. I kept it for 30 years and sold it for $10K. Did I make $5K? Hell no. After factoring in two paint jobs, one new set of seat covers, repairs over that time period and cost of insurance I can assure you I lost money and thats before factoring for inflation. And I had no storage fees.
The folks at Mecum and other auto investment firms almost never discuss the true cost of ownership because it's bad for business.
I'm a true car guy but I would never recommend any car as an investment.

JMII

For sure.

The market determines the price. Dealers aren't killing the market they are reacting to the market. If a new car doesn't sell what do you except them to do? They have floor planning on these things, thus they are paying MONTHLY for that car to sit on the lot and collect dust (and snow for another month). Having a $80K depreciating asset just sitting there must drive sales managers crazy. So they do what it takes to "move the metal" or in this case fiberglass. The closer the C8 gets the more radical the price drop as they attempt to clear old inventory would be my assumption.

dvilin

Drama Queen.

jschindler

mitchydkid

P-car is the perfect car for you. The design never really changes and the price is nicely padded because of the prestige feature.

Hopper12

Well, not exactly.

First of all, discounts have been available on C7s since late in the first model year (and earlier at some dealerships). If anyone has paid anywhere near MSRP for a C7 since late 2014, it's their own fault (exception for ZR1, but that will soon change). As an example (thanks to two great forum dealers - Kerbeck and MacMulkin), we've purchased 2 C7s new early in their model year; one '15 Z51 at a 13% discount, and a '17 GS for a 16.5% discount (it was a high MSRP car that was tagged). So a 15% discount on a new '19 C7 has no impact on our purchases - it's close to the discount we paid anyway.

Second, you can never think of a new car as a non-depreciating asset. Virtually all of them depreciate, and pretty quickly. Including the P car.

Third, the depreciation hit is all relative. Here's an example for ownership for 3 years. C7 MSRP $80k; 3 year depreciation 32% = $25,600 depreciation. Equivalent P car MSRP $100k; 3 year depreciation 26% = $26,000. These figures come from reputable sources. So the $ depreciation hit is equal. The P car depreciation percentage is a bit lower, but real $ are not.

Fourth, buy what you want and enjoy it! But it's uninformed to base this type of decision on 'how much will my car be worth in 3 or 5 years' when not taking the MSRP into account so you really understand the $ depreciation, not just percentage.

Fifth, if the P car floats your boat, get one and enjoy! Although they make a great car (I've driven several, and they are very nice), FOR ME, I would never consider one because, TO ME, they have essentially looked the same for years. And, like model to like model, the C7 is a better performer and, IMO, much better looking.

Nice to have choices and the ability to exercise them.

449er

If you are in the market for a new C7 Corvette & get 15/20% off the sticker, just go buy the car & enjoy it. Other than maybe a C7 ZR1, you will lose money on every one

Mrvettt

Please tell me where 19 GS 3LT's are 20% off. I may be in the market.

Rick

SuperdadZ06

I bought my 911 CAB preowned back in 2002 and paid half MSRP, owned it for 15 years before selling. Cost of ownership was pretty good overall due to price paid up front. You think I would have taken the same approach when I bought my Z06, M7 six months ago but I went new from Kerbeck with a 12.5% discount. It was my very first Vette and I wanted what I wanted off the factory floor. Not the best financial decision but I am one happy guy and that is what counts. These are never investments unless you lock one away for 20 years or so.

SuperdadZ06

PS I test drove several 911 Targa's prior to selecting my Z06 and in my humble opinion the Vette is a lot more fun to drive and a far better value as it has been for years.

TSLAVette

I would think that he would influence many aspects of product management including price (remember the 4 P's?)

TSLAVette

No question about it. There are significant differences in residuals; however, P-cars lease decent; Corvettes simply do not.

TSLAVette

Simpleton.

TSLAVette

It is. I guess something that works for over 50 years and continues to work ain't so bad.

sTz

Avanti

I give up, why would GM care about used Vette prices? :

mschuyler

Why not do your own research and take a look on the forum dealers' sites? But I predict you won't find many 3LTs on dealer lots. Now if you want a 1LT or 2LT with a black interior, I'm guessing you could be accommodated, but dealers don't like 3LTs.