DEEDEEZ

Lady Z owner here. Have a 16 3LZ A8 with under 2000 miles. Listed at $99k. Really had to stretch to buy this beauty, but an very concerned by all this lawsuit business and the value going down the tubes. Being told some dealers are not even taking Z06 in trades right now. I'd rather bail out now and take the loss and get a 2LT Stingray. Worried about being hit with 50% loss or more if I wait. Car has never been tracked or never will. One dealer announced 20% on Z06 is coming. Goodbye trade in value. Most on here have valid and well thought out opinions, I'd like some advice.

Blvdbrawler

My advice to you is to stop listening to FAKE NEWS!

Enjoy your car!

BOBSZ06

Yes...sell now....worst to come!

I will buy it out of the goodness of my heart to save you at 50 % off your purchase price.....going, going, going........

USMCVader

The first question is why did you buy the car to start with? If you bought it as an investment, then I suggest you might want to discuss investing with a financial planner since cars are not exactly at the top of the list for investments. If you bought it to enjoy the performance it offers, how does the lawsuit change any of that, especially if you do not track it? If you bought it with the idea of selling it within a couple years and moving on to something else, then perhaps you may have a concern, although I would offer the damage is already done and no vector you choose will change the image already out there. My advice, and one that I follow every time I take mine out, is to enjoy the car as the car it is, and try not to obsess over the stuff you can't control. The only caveat I apply is that I try to avoid rain, but that is more a matter of not wanting to wash it all the time than any concern about future value.

MSG C5

If a Chevrolet dealer didn't take my Corvette trade-in, I would look for another dealer.

If anything, once the C7 Z06 goes out of warranty, track rats will begin modding it to their liking so I wouldn't worry about any more than average depreciation. You bought an expensive sports car. It's going to depreciate. Get some more miles on it and enjoy the experience.



Besides, over the years I've received many "you may be entitled to damages" class action lawsuit letters in the mail. How many of those actually paid anything of substance?! I remember I once got a check for $25.00 for some cable over-charges, but that was it.

Drive it like you stole it!

lgodom

You're already driving a 2 year old car which has taken a hit on depreciation regardless of the lawsuit. There's no way this would work out financially in your favor. I'm still looking at buying a 18 Z06 once they start painting them in the new paint shop. Just because there's a class action lawsuit doesn't ran they'll win. The sky isn't falling, unless you listen to chicken liftle.

Les

If you like the car and will never track it, you may as well keep and enjoy it. You've probably already taken the biggest hit you'll take on it simply by driving it off the lot. The lawsuit may hurt desirability somewhat for future buyers but I don't think it'll be a huge factor. If you're the kind of buyer who only keeps a car for 1-2 years and then moves on, maybe it would make sense to step up the schedule. I choose cars that I really want to keep long term, so I'd never bail this early after a new car purchase.

capevettes

The sky is falling Drive this great car and enjoy it. No new car is immune from depreciation. It is an investment in pleasure and I'm enjoying every second I spend behind the wheel.

pewter99

IF they file and IF it winds its way through the system it will be 5 years before anything comes of it....by then the least of your worries will be the result of that in terms of value

2fastnow

When you buy a car soon as your check clears you lost money.

kenw

As an owner of a C6 Z06 and as many know there is a Class Action suit regarding the LS7 motor which is going NOWHERE and will probably be years if anything happens. I would not worry about this one damaging the resale of the car.

I love my C6Z and have addressed the motor issue. I do like the new C7Z and hopefully will get one someday but since I am a track rat will probably look for the 7 speed.

pewter99

well now that they decided GM can't hide behind the old GM/new GM crap and we are moving on with the ignition claims there may be some light at the end of the tunnel...but that's another thread for another day

tzoid9

DEEDEEZ...the first thing wrong with your conclusion is that you're listening to the fox who's guarding the hen house. Never ever believe a car salesman, the sales manager, or even the dealer principle. They want to sell you cars...buy a new Corvette today and they'll want to sell you another new one next year telling you how much better the new one is. These guys make it a lifetime practice of fabricating the most ridiculous fantasies that anyone could ever dream of. The chances of that lawsuit getting any traction at all is negligible, sad to say. This is not like an air bag problem or an ignition switch problem where owner safety is in jeopardy. This "overheating" problem that is such a big deal on this Forum exists because so many of the members here track their cars...there's a lot of those fish in this small pond. You've got how many C7's made and sold, how many Z06 C7's made and sold...and how many people are all bent out of shape about over heating? Just the small percentage of owners who are tracking, not the lion's share of owners like me that never have and never will, track it. Heck, the stone chips stupid issue is a bigger deal when you consider the population and who's being affected. That dealer you're talking to is...1) trying to scare you so he can drive a stupid low number at you for a trade value, and 2) get you to trade it in on something else, probably the new and improved Z06. It's all BS honey, just BS.

Drive your car, enjoy your car and get rid of it when you're tired of it...never, ever make a move to unload it because of the crazy notion that it will be labeled a lemon, like your buddy the car dealer is spouting off about. Engine overheat issues are not a problem to the vast majority of Z06 owners, just like yourself....and me. Stay cool and worry about the Sun coming up

Boba Fett

Total truth right here. Never listen to car salesmen. Great post.

dmaxx3500

you need to give the car to a needy person[me]right now and take the ''TAX'' loss,dont even trouble yourself just give me your address and I will pick it up

you don't need to worry,this will all be over soon

Doctor Mark

Cars, especially mass produced cars, are not an investment. The Z06 is a great car for the money. Drive it and enjoy it. Resale will not be great lawsuit or no lawsuit. It is still a relatively high production number car made by Chevrolet.

SLEEKVET

Anything you buy with a motor will go down in value, and fairly quickly, yet many of us buy it. I purchased mine knowing that "overheating" may occur at high extreme track use, but that did not stop me, although I did buy a 2017. I love my car and wanted a Z06, so I plan on keeping it for a long time.


The C6Z is still at the $40k+ mark, even though there were "issues" with the car. Shop eBay for 2015-2017 Z06's and you'll see they are still holding values. This is the best Corvette in my mind and performance levels at a bargain.


Like others asked, why did you buy the car? I believe it will depreciate at a regular pace if not at a better, slower rate, which helps keep its value. Its not a "Classic" that holds value but a stellar car. I really have not paid any attention to all the "sky is falling" BS, it usually never comes to pass. Enjoy it, don't worry, it is still one of the best cars out there that turns heads and smokes most any other car... it will also sell better than any car out there.

Higgs Boson

this thread is a double negative....car salesman and laywers????

SilverGhost

What u worry?

you bought new from a dealer you used to work for. he gave you a great deal. he will smile and treat you right if you need the dealership.

you pamper the car, less than 2k in two years.

you have a GM warranty for everybody 3year/36k miles bumper to bumper warranty
you have a 2 yr/20k mile scheduled maintenance for free plan
you have a 6 yr /60k power train warranty

you can buy a comprehensive 6 year warranty from GM for less than 2 grand, (hint, most people wait until month 35 or miles 35k of the 3/36 warranty to purchase) to extend your bumper to bumper coverage for a total 9 years, to 2025.

What other high performance sports car is going to give you up to 6 more years (total 9 years) of worry-free warranty on all parts if you pay (less than) 2 grand more in 2019?

So, assuming bought and paid for, 0$ out of pocket costs for maintenance til 2018, for warranty til 2019, powertrain till 2022, and bumper to bumper extendable til 2025.

And a very nice car to drive all that time to boot. What is your loss worry again?

Bill Dearborn

If you try and trade it in you will take the depreciation hit for the first two years. That is whether there is a price drop due to the law suit or not. I would just keep it for a number of years and trade then. Depreciation will reduce after the 3rd year and the car will hold its value better from there. As for the law suit it all depends on how long the people running it want to keep on hurting owners.

Bill