C7 Z06 Discussion General Z06 Corvette Discussion, LT4 Corvette Technical Info, Performance Upgrades, Suspension Setup for Street or Track

Depreciation!

Thread Tools
 
Search this Thread
 
Old Apr 17, 2019 | 07:07 PM
  #21  
Greg00Coupe's Avatar
Greg00Coupe
Race Director
25 Year Member
Liked
Loved
Community Favorite
 
Joined: Aug 1999
Posts: 13,300
Likes: 2,510
From: Bluffton SC via Canton Oh
Default

I’m trying to sell my 16 z 3lz coupe right now 20k miles In fact took it to some dealers today. Was offered 57 to 60k and tires are somewhat worn.

To the OP your offers sound pretty low.
Reply
Old Apr 17, 2019 | 07:14 PM
  #22  
Mr. Gizmo's Avatar
Mr. Gizmo
Le Mans Master
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Mar 2010
Posts: 5,909
Likes: 651
From: St. Louis
Default

Originally Posted by BDASSZO6
My 2019 ZO6 convertible is the most beautiful enjoyable car I've ever owned. I did an R8C delivery on February of 2018, the first "19 Delivered at that time. It sits in an air conditioned garage most of the time, only getting wet when washed. Over the weekend with the news of the C7 coming to an end this summer, I thought I would look into possibly trading for what appears to be a 1year ZR1 production. I reached out to two Florida dealers to look at the numbers........ Purchasing a 19 ZR1 is not the issue. Getting a reasonable offer for my relatively brand new ZO6 Vert was! My car stickered for $100k. I was fortunate to have employee pricing available, so I paid slightly less. Today I was offered a high of $65k and a low of $62K. I was in the retail car business for a good portion of my life and no expectations that the purchase of this beautiful car would be anything but a cost of doing business for such a wonderful exotic toy. A roughly 40% depreciation within 1 year of ownership is laughable. Fortunately I have no problem enjoying this stunning piece of work for many years to come, but thought I'd share this for those might not.....


i would have expected to pay 75k to maybe 80k for this car brand new. And a 10 to 15k Hit from there is reasonable
Reply
Old Apr 17, 2019 | 08:58 PM
  #23  
LarryFL's Avatar
LarryFL
Racer
 
Joined: Nov 2014
Posts: 485
Likes: 167
From: South Florida
Default

Originally Posted by serpent
Lol, no way in hell the entry level vette is going to have 750hp. Maybe when the c10 or c11 comes. If anything the c8 will prob have 550hp.

GM made too many z06s and buying one new or ordering one is insane considering you can buy a used under 4k miles for around 60k.


EDIT: OP's Z06 is ******* nice btw. Damn I would love to own that in A8 as a daily driver. Viper for the weekends!
Who said anything about entry level? You need to slow down and rear people's posts, I said a couple of years... (when Z06 arrives). Base willl have 500hp, not 550.
Reply
Old Apr 17, 2019 | 09:06 PM
  #24  
Z0HS1CK's Avatar
Z0HS1CK
Race Director
10 Year Member
 
Joined: Nov 2012
Posts: 11,048
Likes: 3,390
Default

Originally Posted by LarryFL
Who said anything about entry level? You need to slow down and rear people's posts, I said a couple of years... (when Z06 arrives). Base willl have 500hp, not 550.
lol

And he said C10 or C11 LOL
Reply
Old Apr 17, 2019 | 09:10 PM
  #25  
JerriVette's Avatar
JerriVette
Race Director
20 Year Member
Liked
Loved
Community Favorite
 
Joined: Nov 2003
Posts: 16,067
Likes: 4,151
From: Bergen county NJ
Default

Keep your car and forget about the zr1

jmo
Reply
Old Apr 17, 2019 | 09:24 PM
  #26  
serpent's Avatar
serpent
Pro
10 Year Member
Liked
Loved
Community Favorite
 
Joined: Jun 2014
Posts: 598
Likes: 209
Default

Originally Posted by RobGZ06
lol

And he said C10 or C11 LOL
Yes I did, it's not unrealistic to imagine these cars will have hybrid drivetrains. Putting down a ton of power when combining electric and gas. After the c8 will be the c9, then the c10 and so on. I mean they could change the chassis code.
Reply
Old Apr 17, 2019 | 09:46 PM
  #27  
tzoid9's Avatar
tzoid9
Drifting
All Eyes On Me
Liked
Loved
Community Favorite
 
Joined: Jan 2016
Posts: 1,465
Likes: 450
Default

Originally Posted by BDASSZO6
My 2019 ZO6 convertible is the most beautiful enjoyable car I've ever owned. I did an R8C delivery on February of 2018, the first "19 Delivered at that time. It sits in an air conditioned garage most of the time, only getting wet when washed. Over the weekend with the news of the C7 coming to an end this summer, I thought I would look into possibly trading for what appears to be a 1year ZR1 production. I reached out to two Florida dealers to look at the numbers........ Purchasing a 19 ZR1 is not the issue. Getting a reasonable offer for my relatively brand new ZO6 Vert was! My car stickered for $100k. I was fortunate to have employee pricing available, so I paid slightly less. Today I was offered a high of $65k and a low of $62K. I was in the retail car business for a good portion of my life and no expectations that the purchase of this beautiful car would be anything but a cost of doing business for such a wonderful exotic toy. A roughly 40% depreciation within 1 year of ownership is laughable. Fortunately I have no problem enjoying this stunning piece of work for many years to come, but thought I'd share this for those might not.....


I think your car looks really nice and as you've probably also concluded, you likely should just keep it. But as a comment, I do believe your math is a little out of kilter. Your car stickered at $100K, but you bought it at a negotiated price with a GM discount, someplace (I would bet) in the low $90K range. You are talking to a dealer who really makes his money on the used car market, not the new ones, so the very best you could hope for is auction pricing or maybe a tad more when you get rid of it now....maybe. He'll want to make at least $5-7000 on the deal when he sells it, "USED", so what would you expect? You can sell it on your own and then have to pay the sales tax on 100% of the new car you'd buy unless you can get the dealer to do a courtesy trade for you, but that's a logistical nightmare between you, your buyer and the dealer. It's a mess....the only possible alternative is to offer the ZR-1 dealer a dog **** number for the new car commensurate with the dog **** number he offered you for your beauty. Sometimes, not often, that works....but I'd keep your car, she's a honey!
Reply
Old Apr 19, 2019 | 08:27 AM
  #28  
us3rname's Avatar
us3rname
Pro
Liked
Loved
Community Favorite
Top Answer: 1
 
Joined: Aug 2018
Posts: 652
Likes: 156
From: Clarksville, TN
Default

New z06's in my area usually sticker around 100k as you say yours was. On the flip side I see a lot of clean low mileage z06's being listed for sale in the ball park of 70-80k and what they are actually selling for is unknown to me. I kinda think the market doesn't know where it wasn't to be with these. Crazy to me that the dealer wouldn't want to work it more if you're about to jump into a new ZR1.
Reply
Corvette Stories

The Best of Corvette for Corvette Enthusiasts

story-0

5 Best & 5 Most Overrated Corvette Track Packages of All Time!

 Joe Kucinski
story-1

Every 2027 Corvette Engine Explained

 Joe Kucinski
story-2

Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette

 Verdad Gallardo
story-3

10 Ugly Corvettes That We Still Kinda Love

 Joe Kucinski
story-4

Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer

 Brett Foote
story-5

10 Things Every Corvette Owner Needs (2026 Edition)

 Michael S. Palmer
story-6

8 Most "Only Corvette Owners Understand" Quirks and Problems

 Pouria Savadkouei
story-7

10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years

 Joe Kucinski
story-8

How Much Horsepower Every Corvette Engine "LOST" in 1972

 Joe Kucinski
story-9

Top 10 DOs and DON'Ts for Protecting Your Convertible Top!

 Michael S. Palmer
Old Mar 30, 2022 | 05:09 PM
  #29  
Warp Ten's Avatar
Warp Ten
Drifting
Veteran: Air Force
Liked
Loved
Top Answer: 1
 
Joined: Sep 2020
Posts: 1,423
Likes: 639
From: Columbia SC
Default

The prices of ADM's are coming down here in SC. One of the local dealerships had 12 HTC on the lot, 4 weeks ago at $21K ADM. Today they have 4 remaining and now I see they lowered the ADM to $17K. Looks like some locations are getting saturated and will have a hard time getting the big ADM anymore.
Reply
Old Mar 31, 2022 | 01:57 AM
  #30  
Carnac's Avatar
Carnac
Drifting
20 Year Member
Conversation Starter
All Eyes On Me
 
Joined: Jun 2002
Posts: 1,303
Likes: 151
From: Las Vegas Nevada
Default

Three year post - things have changed a bit over the year or so.
Reply
Old Mar 31, 2022 | 01:17 PM
  #31  
JKU007FL's Avatar
JKU007FL
Racer
Photogenic
Liked
Loved
Community Favorite
 
Joined: May 2020
Posts: 474
Likes: 406
From: South Florida
Default

We all try our best making educated guesses, but man, who would've thought that most C7Z these days are going for more of what we paid back then.
Reply
Old Mar 31, 2022 | 03:26 PM
  #32  
Carnac's Avatar
Carnac
Drifting
20 Year Member
Conversation Starter
All Eyes On Me
 
Joined: Jun 2002
Posts: 1,303
Likes: 151
From: Las Vegas Nevada
Default

Originally Posted by JKU007FL
We all try our best making educated guesses, but man, who would've thought that most C7Z these days are going for more of what we paid back then.
Very true.
Reply




All times are GMT -4. The time now is 03:33 PM.

story-0
5 Best & 5 Most Overrated Corvette Track Packages of All Time!

Slideshow: The 5 best and 5 most overrated Corvette track packages ever.

By Joe Kucinski | 2026-06-09 12:46:45


VIEW MORE
story-1
Every 2027 Corvette Engine Explained

Slideshow: Every 2027 Corvette engine explained

By Joe Kucinski | 2026-06-09 12:16:31


VIEW MORE
story-2
Designer Imagines A Corvette That Looks More Like a Corvette Than the Corvette

Slideshow: A Jaguar designer's personal project imagines what a modern front-engined Corvette might look like if Chevrolet revisited the golden age of the Stingray.

By Verdad Gallardo | 2026-06-08 19:53:43


VIEW MORE
story-3
10 Ugly Corvettes That We Still Kinda Love

Slideshow: 10 ugly Corvettes that we still kinda love.

By Joe Kucinski | 2026-06-03 10:34:17


VIEW MORE
story-4
Top 10 Most Expensive Corvettes Ever Sold on Bring A Trailer

A lot of money has changed hands at the online auction house over the years.

By Brett Foote | 2026-06-03 10:21:50


VIEW MORE
story-5
10 Things Every Corvette Owner Needs (2026 Edition)

Slideshow: 10 great gifts Corvette enthusiasts actually want for Father's Day!

By Michael S. Palmer | 2026-06-03 15:43:40


VIEW MORE
story-6
8 Most "Only Corvette Owners Understand" Quirks and Problems

Slideshow: These are the quirks, annoyances, and oddly lovable problems that every Corvette owner eventually learns to live with.

By Pouria Savadkouei | 2026-05-28 09:31:39


VIEW MORE
story-7
10 Reasons the C6 Z06 is Still A Performance Benchmark After 20 Years

Slideshow: 10 reasons why the C6 Z06 is still a performance benchmark after 20 years.

By Joe Kucinski | 2026-05-27 17:20:09


VIEW MORE
story-8
How Much Horsepower Every Corvette Engine "LOST" in 1972

Slideshow: How much horsepower every Corvette engine lost in 1972.

By Joe Kucinski | 2026-05-27 16:54:53


VIEW MORE
story-9
Top 10 DOs and DON'Ts for Protecting Your Convertible Top!

Slideshow: How to Protect A Convertible Top: 10 DOs & DON'Ts

By Michael S. Palmer | 2026-04-03 00:00:00


VIEW MORE