Why so many multiple owners??
Pro
Joined: Jan 2021
Posts: 569
Likes: 252
From: Canada
C7 of the Year - Unmodified Finalist 2021
I wanted to buy a Gallardo so bad until I was offered to try one out. If you think getting in and out of a vette is difficult, climbing aboard a Gallardo you need a contortionist degree. For the most part among other things it killed my dream right then and there for that particular model.
Race Director
Joined: Oct 2011
Posts: 15,058
Likes: 1,613
From: Holly Springs NC
St. Jude Donor '16-'17,'22,'24
IMHO, the number one reason is, these cars are actually big boy/women toys. Some owners move on to a more expensive toy, some decide they don't want a two seater toy, but at the end of the day, very, very few buy a Corvette because it's practical. Maintenance records, condition and mileage mean a lot more for a Corvette than number of owners.
As examples, the eight year old C5 I purchased had four owners and 53K on the clock. I'm the second owner on my 2014 C7 that I bought at the beginning of 2016.
As examples, the eight year old C5 I purchased had four owners and 53K on the clock. I'm the second owner on my 2014 C7 that I bought at the beginning of 2016.
Le Mans Master
Joined: May 2005
Posts: 6,659
Likes: 828
From: FORT LAUDERDALE FL
I also own a Porsche 911 S Cab. It is not uncommon for a 2-3 year old P car to have 2 owners and by 7-8 years to have 3-4 owners. These cars are very expensive to purchase, insure and maintain...what a lot of people find out AFTER they take the plunge to say: "I have a Porsche". Many simply want the next new thing. Like my neighbor said to me: "I'll bet that you'll have a GT3 within a year'. You will see on the Carfax, owner #1: 1 year 2 months - 1458 miles, owner #2: 2 years 3 months - 4,500 miles. and so on. The main thing is not necessarily how many owners but how they drove and cared for the car. Many multi owner Porsches have low miles and are GQ's, it's not an issue...........
Last edited by jimmie jam; Jan 11, 2021 at 09:08 AM.
Safety Car
Joined: Mar 2018
Posts: 4,754
Likes: 1,650
Reading many of these posts it is clear to me many guys cannot afford these high end vehicles. Purchasing/leasing them gives guys an opportunity to enjoy something which they really cannot afford but allows them to do so for a brief period of time.
Melting Slicks
Joined: Sep 2013
Posts: 3,119
Likes: 799
From: East Lansing, MI
Le Mans Master
Joined: Sep 2012
Posts: 8,793
Likes: 145
These are plastic Chevys, not "high end vehicles".
Real high end vehicles, exotics or semi exotics, it is actually seems rare to me to see one that has one owner through the first 5k miles.
While vettes are not exotic, they are still toys and therefore subject to similar forces in the market and have some overlap in the type/mindset of new buyers.
Race Director
Joined: Oct 2005
Posts: 10,020
Likes: 3,427
From: Plymouth Massachusetts
2025 C7 of the Year Finalist- Unmodified
2024 C7 of the Year Finalist - Unmodified
2020 C7 of the Year Finalist -- Unmodified
Many guys always trying to upgrade or down grade depending on how you look at it....
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer
Brett Foote
10 Things Every Corvette Owner Needs (2026 Edition)
Michael S. Palmer
8 Most "Only Corvette Owners Understand" Quirks and Problems
Pouria Savadkouei
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years
Joe Kucinski
How Much Horsepower Every Corvette Engine "LOST" in 1972
Joe Kucinski
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!
Michael S. Palmer
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Safety Car
Joined: Mar 2018
Posts: 4,754
Likes: 1,650
How would you get any of that out of this thread exactly?
These are plastic Chevys, not "high end vehicles".
Real high end vehicles, exotics or semi exotics, it is actually seems rare to me to see one that has one owner through the first 5k miles.
While vettes are not exotic, they are still toys and therefore subject to similar forces in the market and have some overlap in the type/mindset of new buyers.
These are plastic Chevys, not "high end vehicles".
Real high end vehicles, exotics or semi exotics, it is actually seems rare to me to see one that has one owner through the first 5k miles.
While vettes are not exotic, they are still toys and therefore subject to similar forces in the market and have some overlap in the type/mindset of new buyers.
Le Mans Master
Joined: Sep 2012
Posts: 8,793
Likes: 145
When you factor in lease/car payments, length of loans, maintenance costs, property taxes, insurance, sales taxes, mods, fuel and other economic conditions it is crystal-clear to me affordability is the number 1 factor for this high turnover we see in the new and used car markets. Higher priced autos will drive the market volatility to an even higher degree. Accept this or not. It's reality. It comes down to whether you have the financial means to actually afford the vehicle so you can keep the vehicle in your garage long term. The market place is showing us most people are living beyond their means.
OkIt is MORE expensive to turn them over all the time than keep one for a long time, but proceed I guess.
Safety Car
Joined: Mar 2018
Posts: 4,754
Likes: 1,650
Your logic is flawed. You're assuming buyers are always flipping their vehicles to move into equally expensive vehicles. This is not necessarily the case. Many folks down size their payments due to the many factors I mentioned. It comes down to affordability.
Safety Car
Joined: Mar 2018
Posts: 4,754
Likes: 1,650
You don't hear many people broadcast on social media channels "Hey everybody, I just lost my job, or just got divorced, or I am over spending beyond my means...I'll have to downsize!". A lot of this happens in real life. Making public announcements you're looking to purchase an automobile is easy.
Pro
Joined: Jan 2021
Posts: 569
Likes: 252
From: Canada
C7 of the Year - Unmodified Finalist 2021
You don't hear many people broadcast on social media channels "Hey everybody, I just lost my job, or just got divorced, or I am over spending beyond my means...I'll have to downsize!". A lot of this happens in real life. Making public announcements you're looking to purchase an automobile is easy.
A couple years ago I spoke to a woman who worked in a bankruptcy firm, she said there are tons and she emphasized tons of people who live beyond their means and it eventually the debts catches up with them. A lot of them you thought they had great wealth and success but it was a shell. I agree people don't broadcast they have financial troubles. For example many new General contractors who just got their license a week prior buy themselves these brand new fancy lifted trucks with jewel wheels. I think many of them start off way higher than their means.
Le Mans Master
Joined: Dec 2000
Posts: 5,348
Likes: 3,319
This is what I see among my friends, neighbors, and acquaintances. They buy and sell all sorts of toys - boats, motorcycles, cars. I know one couple who buy a new house every couple of years as they enjoy change.
Safety Car
Joined: Mar 2018
Posts: 4,754
Likes: 1,650
Race Director
Joined: Apr 2017
Posts: 13,602
Likes: 12,865
From: Virginia
I wanted to buy a Gallardo so bad until I was offered to try one out. If you think getting in and out of a vette is difficult, climbing aboard a Gallardo you need a contortionist degree. For the most part among other things it killed my dream right then and there for that particular model.