Found the right car, scared to pull the trigger
02-12-2019, 07:58 PM
#21
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St. Jude Donor'15
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rsvette12 (02-13-2019)
02-12-2019, 07:58 PM
#22
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Finally, after a 4 long month search for the perfect C7, i managed to find my dream. Its a beautiful 2017 GS 2LT M7 3k miles, with the color and options of my choice. I am buying the car at about 66% of the original MSRP. I think thats a good deal 
I am working with the dealership and my bank to finish up the formalities.
And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation?
Any C6 owners here who can comment on C6 resale values when the C7 came out?
Is this a wrong time to buy a C7?
I am working with the dealership and my bank to finish up the formalities.And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation?
Any C6 owners here who can comment on C6 resale values when the C7 came out?Is this a wrong time to buy a C7?
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devnull (02-12-2019)
02-12-2019, 08:08 PM
#23
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^^^ I'm with you, Gary!
02-12-2019, 08:13 PM
#24
Melting Slicks
I say go get that Vette - you'll love it...
I'll also say, I think it's foolish not to think / worry about resale... What's wrong with wanting to get a great deal now that may help you sell it down the road for minimal or even zero loss? That's not foolish, that's smart in my book.
I've sold (3) of the (5) Corvettes I've owned and I have MADE money on every one...why? Cause I was patient and waited and bought each one at super low prices and then sold them for what they were really worth or more (cause all my Vette's were show condition). I dont think there is anyone here that would say "I'd rather lose money on my car" vs. "Im happy I made money or broke even when I sold my car"...
Nothing wrong with planning ahead and making sure you dont lose your shirt during resale... Just my .02 cents but buying new (when purely talking finances) is the real foolish choice - it's a loss the minute you start the car for the first time...
I'll also say, I think it's foolish not to think / worry about resale... What's wrong with wanting to get a great deal now that may help you sell it down the road for minimal or even zero loss? That's not foolish, that's smart in my book.
I've sold (3) of the (5) Corvettes I've owned and I have MADE money on every one...why? Cause I was patient and waited and bought each one at super low prices and then sold them for what they were really worth or more (cause all my Vette's were show condition). I dont think there is anyone here that would say "I'd rather lose money on my car" vs. "Im happy I made money or broke even when I sold my car"...
Nothing wrong with planning ahead and making sure you dont lose your shirt during resale... Just my .02 cents but buying new (when purely talking finances) is the real foolish choice - it's a loss the minute you start the car for the first time...
02-12-2019, 08:15 PM
#25
Melting Slicks
Finally, after a 4 long month search for the perfect C7, i managed to find my dream. Its a beautiful 2017 GS 2LT M7 3k miles, with the color and options of my choice. I am buying the car at about 66% of the original MSRP. I think thats a good deal I am working with the dealership and my bank to finish up the formalities.
And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation? Any C6 owners here who can comment on C6 resale values when the C7 came out?
Is this a wrong time to buy a C7?
I am working with the dealership and my bank to finish up the formalities.And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation?
Any C6 owners here who can comment on C6 resale values when the C7 came out?Is this a wrong time to buy a C7?
02-12-2019, 08:23 PM
#26
Racer
I would wait a little longer maybe 6 months to a year to see what happens with the C8. By doing this you will save some money and possibly get a better deal. Imagine getting an 18 or 19 for the same price as the 17. It’s a waiting game.
Now if you play that game I’m afraid you may deprive yourself of all the fun all of us here are having. So that being said please post on some pics when you pull the trigger.
Now if you play that game I’m afraid you may deprive yourself of all the fun all of us here are having. So that being said please post on some pics when you pull the trigger.
02-12-2019, 09:02 PM
#28
Finally, after a 4 long month search for the perfect C7, i managed to find my dream. Its a beautiful 2017 GS 2LT M7 3k miles, with the color and options of my choice. I am buying the car at about 66% of the original MSRP. I think thats a good deal I am working with the dealership and my bank to finish up the formalities.
And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation? Any C6 owners here who can comment on C6 resale values when the C7 came out?
Is this a wrong time to buy a C7?
I am working with the dealership and my bank to finish up the formalities.And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation?
Any C6 owners here who can comment on C6 resale values when the C7 came out?Is this a wrong time to buy a C7?
02-12-2019, 09:07 PM
#29
02-12-2019, 09:14 PM
#30
Moderator
I could have paid off my house but instead bought a 2019 GS. Financially speaking it was a horrible decision. But the fun I am having with my dream car is something I'm glad I didn't pass up. Go buy it and enjoy your life. Sounds like a killer deal.
Last edited by Zjoe6; 02-12-2019 at 09:14 PM.
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dcooper23 (02-14-2019)
02-12-2019, 09:14 PM
#31
Drifting
It sounds like it has experienced a fair amount of the steep front end of the depreciation curve. With that low a mileage, ypu can drive it and not be too concerned. The new C8 will likely be more expensive, that should help the C7’s. Don’t wait too long! Best of luck.
Last edited by Michael T*; 02-12-2019 at 09:15 PM.
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jefnvk (02-13-2019)
02-12-2019, 09:27 PM
#34
YMMV 
..
Last edited by Skid Row Joe; 02-12-2019 at 09:29 PM.
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GS60th#47 (02-13-2019)
02-12-2019, 09:30 PM
#36
Le Mans Master
Finally, after a 4 long month search for the perfect C7, i managed to find my dream. Its a beautiful 2017 GS 2LT M7 3k miles, with the color and options of my choice. I am buying the car at about 66% of the original MSRP. I think thats a good deal I am working with the dealership and my bank to finish up the formalities.
And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation? Any C6 owners here who can comment on C6 resale values when the C7 came out?
Is this a wrong time to buy a C7?
I am working with the dealership and my bank to finish up the formalities.And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation?
Any C6 owners here who can comment on C6 resale values when the C7 came out?Is this a wrong time to buy a C7?
02-12-2019, 10:00 PM
#37
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If the car has everything you want at a price you're willing to pay now, go for it.
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jefnvk (02-13-2019)
02-12-2019, 10:14 PM
#38
Le Mans Master
Finally, after a 4 long month search for the perfect C7, i managed to find my dream. Its a beautiful 2017 GS 2LT M7 3k miles, with the color and options of my choice. I am buying the car at about 66% of the original MSRP. I think thats a good deal I am working with the dealership and my bank to finish up the formalities.
And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation? Any C6 owners here who can comment on C6 resale values when the C7 came out?
Is this a wrong time to buy a C7?
I am working with the dealership and my bank to finish up the formalities.And then i did the stupid mistake of doing some research on the C7 resale values and now i can't stop to think,
When the C8 comes out later this year/early next year, will C7 take a big hit in depreciation?
Any C6 owners here who can comment on C6 resale values when the C7 came out?Is this a wrong time to buy a C7?
02-12-2019, 10:38 PM
#39
I could have bought a 1/4 Million dollar home instead of my new C7 - I already had a paid for home. So, the home was never an either or choice. It's kind of a slamdunk on "it being a horrible financial decision" however, there's more to it than that. An analysis of one's total financial picture needs to be assessed. Everyone's assessment is going to be different. Thusly, not paying off your home for you, made sense. To me? No, it wouldn't have made sense. However, one thing is for certain; the lost opportunity cost paid for a C7 is ever present. My C7 has already cost me roughly $40K in lost opportunity cost. So, yes, you're correct in that the C7 was a horrible financial decision. All depends on how you look at it. My C7 is such a minute part of my total financial and lifestyle assessment/picture, it isn't even worth mentioning. YMMV
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YMMV ..
02-12-2019, 10:42 PM
#40
Moderator
I could have bought a 1/4 Million dollar home instead of my new C7 - I already had a paid for home. So, the home was never an either or choice. It's kind of a slamdunk on "it being a horrible financial decision" however, there's more to it than that. An analysis of one's total financial picture needs to be assessed. Everyone's assessment is going to be different. Thusly, not paying off your home for you, made sense. To me? No, it wouldn't have made sense. However, one thing is for certain; the lost opportunity cost paid for a C7 is ever present. My C7 has already cost me roughly $40K in lost opportunity cost. So, yes, you're correct in that the C7 was a horrible financial decision. All depends on how you look at it. My C7 is such a minute part of my total financial and lifestyle assessment/picture, it isn't even worth mentioning. YMMV
..
YMMV ..
