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Like most, I have read about people selling their C7s for good money right now. Out of curiosity, I reached out to a few on line places and best offer I got was just shy of $73K. My car is a '19 GS, 5800 miles, 2LT, M7, admiral blue, white stripe, red hash marks, red calipers, heritage package, comp seats, red seat belts, etc. verified by the museum 1 of 2 built with these specs. It also has PPF on the entire front of car and front facing surfaces along with a few tasteful mods that can be reversed if need be. I've never really thought about selling, but when I got this offer, it has really gotten in my head. Is there really this much of a demand for these cars right now and I am crazy to not sell or crazy to hold on to it at this point?
If you wish to move on away from Corvettes now is a good time. But if you just want to pocket some money and then get another Corvette, you will have to move down to do so.
I bought my 2016 2LT with 16,600 miles from Vroom 3 months ago for $46k.
Here is what I found coming up at Vroom yesterday.
Is there really this much of a demand for these cars right now and I am crazy to not sell or crazy to hold on to it at this point?
Well obviously there's this much demand or buyers would not be offering so much for these cars.
Whether a C7 owner sells or not is a personal decision totally based on their individual finances and circumstances. Not sure why owners keep coming on here asking what they should do.
I often don't even take my financial advisor's advice and he knows most everything about me, certainly aren't going to ask strangers on the internet what I should do regarding financial decisions.
Do you have another fun car that could hold you over for a while? I feel like even if the used car market doesn’t completely crash it will cool off significantly once production of been cars gets back to where it was and companies have excessive inventory to offer rebates, discounts, etc. between the reduced production from Covid and now the chip shortage that is what is mainly driving used car prices up.
I bought a WRX for a daily driver last year and just checked Carvana and they are offering me more then a grand over my out the door price. Really makes no sense but I started to see if anything else catches my eye to replace it with. But same applies for your corvette; before selling I would either be ok without one for a while or identify a replacement given how the market is right now.
A corvette is not an investment, you probably paid more than that recently to get the Corvette, I would ask myself why do I now want to give up the car and get most of my money back and have no corvette.
From: In a parallel universe. Currently own 2014 Stingray Coupe.
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Apparently the market is strong or those companies would not be offering to buy cars at the prices they are quoting. Only you can decide whether or not to sell your Vette and if you are OK without one in the garage, now could be the time to sell it when prices are so high. This spike in value will not last forever.
A corvette is not an investment, you probably paid more than that recently to get the Corvette, I would ask myself why do I now want to give up the car and get most of my money back and have no corvette.
While I agree with you regarding C7s, I have found Corvettes in general over my last 40 years purchasing them to not only be investments, but some very good investments. Especially when you factor in enjoyment of ownership. Certainly more fun than a stock certificate.
Whether a C7 owner sells or not is a personal decision totally based on their individual finances and circumstances. Not sure why owners keep coming on here asking what they should do.
100%
Sell it. Don't sell it. None of us have any possible way of knowing what makes sense to the individual. Even the best offers are only resulting in a few grand of actual profit realized when all factors are considered, and I'm making an assumption that most C7 owners are not in dire need of a few grand. It's a great market if you were already planning on selling your car. You're gonna get more out of the deal than you expected. But if you had no plans to sell anyway, even with the good prices it doesn't seem like enough to push people in to doing something they weren't planning on doing anyway.
While I agree with you regarding C7s, I have found Corvettes in general over my last 40 years purchasing them to not only be investments, but some very good investments. Especially when you factor in enjoyment of ownership. Certainly more fun than a stock certificate.
I agree that “classic” vette can be good investments if bought correctly. I had a 68 all original 427 vert and a 79 L82 and drove both for several years and made money upon resale.
Like most, I have read about people selling their C7s for good money right now. Out of curiosity, I reached out to a few on line places and best offer I got was just shy of $73K. My car is a '19 GS, 5800 miles, 2LT, M7, admiral blue, white stripe, red hash marks, red calipers, heritage package, comp seats, red seat belts, etc. verified by the museum 1 of 2 built with these specs. It also has PPF on the entire front of car and front facing surfaces along with a few tasteful mods that can be reversed if need be. I've never really thought about selling, but when I got this offer, it has really gotten in my head. Is there really this much of a demand for these cars right now and I am crazy to not sell or crazy to hold on to it at this point?
Where did you get this offer? Carvana is not giving online offers, it says to call and manually appraise. Carmax is not giving online offers either, it says we have to see your car in person.
That's why it pays to have two Corvettes in a garage. Get a great offer on one, sell it, jump into the other one and take a cruise! Then when the crazy market becomes quite a bit more sane go out and buy another to replace the sold one for less than you got for the one that's gone. Pocket the difference. Easy peasy!
If you're OK without it go ahead and sell it. You'll never get any more for it than now anyway. Unless you don't drive it and hold on to it for 50 years. I know I'd sell it if I didn't care if I had it or not.
Last edited by joemessman; May 22, 2021 at 01:41 PM.
Used Vettes and houses; we live about 40 minutes south of Seattle and between selling the Vette (can get more than I paid for it) and our house (as you probably know home sales are insane). So sell them both, make a tidy little profit and live in our RAV 4 Hybrid for a year or so when reality comes back like the "hot kiss at the end of a wet fist".
Good plan, eh?
Considering selling
I know I'd sell it if I didn't care if I had it or not.
