Curious
Le Mans Master
Joined: Oct 2007
Posts: 6,149
Likes: 11
From: Greater Detroit Metro MI, when I'm not travelling.
I can't say I have ever thought of buying a mass produced car as an "investment"... You can buy a 2007 C6 Z06 today for $34,000. That's a depreciation of almost 60% in 7 years. Why do you think any one version of the C7Z may be much different?
Last edited by PowerLabs; Jun 6, 2014 at 02:08 PM.
Leeds.io
Joined: Sep 2003
Posts: 4,604
Likes: 409
From: White Mountains
St. Jude Donor '14-'15-'16
NCM Sinkhole Donor
Melting Slicks
Joined: May 2007
Posts: 3,269
Likes: 25
From: Simi Valley Ca
In this case, I think it's more a case of perceived value and volume of any one particular flavor. I'd speculate that there will be less of the Z07 version produced and as such, the demand for that version may be higher. The shorter the supply and larger the demand, the higher the perceived value when it comes to resale. Somebody who has to have the Z07 will likely be willing to pay more for it used because there will be fewer available on the market. The level two version of the Z06 will follow that methodology however I think the level two version will likely be the most popular variant and thus easier to find on the secondary market.
Le Mans Master
Joined: Oct 2007
Posts: 6,149
Likes: 11
From: Greater Detroit Metro MI, when I'm not travelling.
That is what I thought, but he specifically used the word "investment", which, at least in any of the languages I speak, implies "an asset or item that is purchased with the hope that it will generate income or appreciate in the future."
I am not aware of any vehicle you can buy at a GM dealership that meets that criteria
...
I am not aware of any vehicle you can buy at a GM dealership that meets that criteria
...
Last edited by PowerLabs; Jun 6, 2014 at 03:06 PM.
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
Thread Starter
6th Gear
Joined: Oct 2013
Posts: 6
Likes: 0
curious
Many corvettes have appreciated over the past years! The 2015 c7zo6 could bring a immediate return on the investment ,if the production are low.
Drifting
Joined: May 2011
Posts: 1,300
Likes: 39
From: White Oak NC
You'll get VALUE and UTILITY for your Z06 purchase price, just not in the form of money. No mass-produced modern car is an investment, in the sense that it will never sell for more than their new price, let alone make up the money you spend on fuel, maintenance, repairs, and worst of all, tires.
If you want the consolation prize of losing the least amount of resale value, then get your Z06 with as few options as you can live with. Well-equipped used cars sell for only a small amount, always smaller than the options' new cost, more than otherwise identical barebones examples.
Thread Starter
6th Gear
Joined: Oct 2013
Posts: 6
Likes: 0
curious
But your toilet won't go 200mph, nor can you drive it on the Tail of the Dragon or bring home groceries in it. Unless you want a lot of strange looks.
You'll get VALUE and UTILITY for your Z06 purchase price, just not in the form of money. No mass-produced modern car is an investment, in the sense that it will never sell for more than their new price, let alone make up the money you spend on fuel, maintenance, repairs, and worst of all, tires.
If you want the consolation prize of losing the least amount of resale value, then get your Z06 with as few options as you can live with. Well-equipped used cars sell for only a small amount, always smaller than the options' new cost, more than otherwise identical barebones examples.
You'll get VALUE and UTILITY for your Z06 purchase price, just not in the form of money. No mass-produced modern car is an investment, in the sense that it will never sell for more than their new price, let alone make up the money you spend on fuel, maintenance, repairs, and worst of all, tires.
If you want the consolation prize of losing the least amount of resale value, then get your Z06 with as few options as you can live with. Well-equipped used cars sell for only a small amount, always smaller than the options' new cost, more than otherwise identical barebones examples.
Le Mans Master
Joined: Oct 2007
Posts: 6,149
Likes: 11
From: Greater Detroit Metro MI, when I'm not travelling.
Name a single one that has appreciated in value over the last, say, 30 years? The ZR1 of the 80s and 90s can be had for 12 grand today. The only way you are getting a "return on investment" for a Z06 is if you get it within a few months of release and manage to flip it just as quickly without paying sales taxes on it.
Drifting
Joined: May 2011
Posts: 1,300
Likes: 39
From: White Oak NC
Most haven't, and for the few that do, it takes decades. I'm not at all the collectible Corvette expert, but I can't imagine anything newer than a C2 (last model year 1967, I think) selling these days for more than its original price after inflation adjustment.
Production won't be low. GM will stamp them out as fast as they can. Even in 2013, an otherwise slow year for Corvette sales, they made 2,552 427 convertibles, essentially a convertible Z06 with a steel frame. You can still find a few new ones for $15-20,000 off. Now that we'll have a Z06 convertible that actually IS a Z06 convertible, for about the same price, I'd guess at least 4,000 C7 Z06s in even the short 2015 model year.
You might could play arbitrageur by buying one at MSRP and driving or delivering it to a market where the fair market value exceeds MSRP, or if you've waited months for yours, you could flip it for a premium to somebody who doesn't want to wait. That won't last long.
The 2015 c7zo6 could bring a immediate return on the investment ,if the production are low.
You might could play arbitrageur by buying one at MSRP and driving or delivering it to a market where the fair market value exceeds MSRP, or if you've waited months for yours, you could flip it for a premium to somebody who doesn't want to wait. That won't last long.
Thread Starter
6th Gear
Joined: Oct 2013
Posts: 6
Likes: 0
curious
Name a single one that has appreciated in value over the last, say, 30 years? The ZR1 of the 80s and 90s can be had for 12 grand today. The only way you are getting a "return on investment" for a Z06 is if you get it within a few months of release and manage to flip it just as quickly without paying sales taxes on it.
Burning Brakes
Joined: Oct 2005
Posts: 767
Likes: 0
That is what I thought, but he specifically used the word "investment", which, at least in any of the languages I speak, implies "an asset or item that is purchased with the hope that it will generate income or appreciate in the future."
I am not aware of any vehicle you can buy at a GM dealership that meets that criteria...
I am not aware of any vehicle you can buy at a GM dealership that meets that criteria
...
Drifting
Joined: May 2011
Posts: 1,300
Likes: 39
From: White Oak NC
To people who didn't want to wait a few months. By late 2010 the discounting started, and by 2011 some were going for under $100k. Now they're just another used car, and with the C7Z almost here, C6 ZR1 prices are going nowhere but down for a long time to come.
So, buy a car because it's just awesome in and of itself, not to try to make money.
So, buy a car because it's just awesome in and of itself, not to try to make money.