GX427

Was just curious on your guys thoughts of depreciation on the c7z once the c8 comes out. Wondering if people will be able to get a c7z in the 40s with 40k miles

Sub Driver

The only cars affected with be the ones that are still new and sitting on dealer lots. Used C7s will only be affected by mileage and age, the C8 will have no bearing on them just like when every new generation is released.

GX427

Anyone know what kind of mileage am I looking at to get a c7 z06 for 45-47k? Manual

Sub Driver

You will likely have to wait another year or two until they fall that far.

RapidC84B

Disagree... supply and demand... if the C8 is the hit GM expects, there will be a sudden increase in the supply of used C7s.

GX427

Now this man looks like he works for GM!!!!

RapidC84B

Because I have a C8 avatar picture? No... but I do have a deposit in on one. I'm selling my C7 now before the rush begins.

Sub Driver

Same thing happens every single generation. New car comes out, people trade in their old ones and we still do not see an increase in depreciation. The fact is, only age and mileage factor into used cars. The new C7s sitting on lots that are unsold next to the C8 will have bigger discounts, that is the only effect it will have.

RapidC84B

That's just not factual... the heavy discounts on new cars depress the values on used ones. You can buy a brand new 1LT Stingray for $43K right now.

Sub Driver

Then it should be easy to show how used prices on 2007 C6s dropped when the 2014 C7 was released. The fact is they were not affected at all.

TXshaggy

Average listings with high miles are currently in the mid $50s. The depreciation curve is slowing, probably another 2 years to get where the OP needs to be. Alternatively, if you can afford 47, you can probably swing 55.

As others have said the first ones hitting that region will be dogs or branded title cars.

Your current budget would buy a nice new C7 at the moment...something to consider.

0JUICED1

I don't think they will drop much if at all. The C6z is still going for the same amount it was when the C7 came out. They hit a spot and stay there for a long time depending on mileage.

Sub Driver

Exactly

01lowbird

Not sure what market you've been looking at C6z were 40-50K, they are now selling at 25-35k. Damn near 30% drop.
You can purchase new c7z in the 60s and used for 50s now. That same 40-50k range is coming.

Monkey D. Luffy

There are C7s sitting on lots and they are still taking orders until July 18 ( so says Rick Conti, corvette sales person). So if you take the first rule of economics (supply and demand , the supply is now greater than the demand) and apply that to the C7, you can see that the price of the C7 will drop like a cheap prom dress on prom night. when the C8s start hitting the sales lots. The ZR1 will be hurt the least because it was a one year only car and it will still be the king of horse power in the corvette world until the C8 Z06 comes out ( The C8 base model isn't going to have 700 HP, no I don't know anybody at GM, but if you think for one second the base model C8 is going to have 700 HP then I got some beach front property in North Dakota to sell ya!!) . The Z06 and Grand Sport will be hit hard and they will be giving Stingrays away ( ok that's not quite true but used Stingrays will be cheap) .

You can throw out everything I just said IF (and that's a BIG IF) the C8 is a dog and nobody likes it.

speed4tu

Why does this same question keep coming up? Obviously with all automobiles and nearly everything made the value drops as time goes by, new models come out and miles/use go up. Other than select exotics. It's a losing game, not an investment.

7spd

I doubt the depreciation will change any after the C8 comes out. You might be able to find one in your price range with several previous owners and high mileage. If that does not bother you, go for it!

Monkey D. Luffy

100%,

with very few exceptions cars are very bad investments. with that said I have enjoyed every second I have spent driving my 2016 Z06. It was worth every penny that I lost buying it brand new with 4 miles on the clock and putting 30100 miles on it to date. Never once have I seen an armored car following a hearse to the cemetery. You can't take it with ya boys may as well enjoy it while ya can. Life is short ( so is my wife, but I sure do love her!!)

2ZORNOT2Z

I agree, cars are not investments. I've only put a few hundred miles on mine and really don't care what it's worth when the C8 comes out. I got a great deal on mine in my opinion, it is exactly what I wanted and I plan to drive it for many years so depreciation doesn't matter to me. I personally wouldn't buy a C8 at 50% off in the first model year given all the changes and Chevy's history with first year cars of all types (look at all the issues on the 2014 stingray and they didn't even have to move the engine). If it spends more time in the shop than in my garage it's just useless. I hope I'm wrong and Chevy hits it out of the park though, truly I do, but I'm not plunking down any cash to gamble on that. It will be around for several years, lots of time to get to know the C8. For me, personally, the announcement that it was going to lack a manual tranny really forced my hand in buying now. I wanted mine while there were still new, unmolested Z's available and I got it for the same price as used 2019s with 5-10k miles. Couldn't turn that down.

For the OP and the "when to buy" question, I think you will probably see 2015 examples with higher mileage in the mid-upper $40k range sometime in 2020 but I'm not sure that has anything to do with the C8 as much as just the age of the car and the high mileage. I also think, compared to a $75k new C8, if it ends up with similar or lower horsepower and performance numbers in base trim (jury is still out on that, I know), lots of folks will be looking for lightly used 2018-19 Zs in the low $60k range with a similar mindset to the OP. Folks who are trying to save that $15k or more who want a car with similar or better performance, depending on what the C8 is actually packing, will keep used, late model, low mile Z's higher in price compared to the older C7s. I think the Z will hold its value better than the GS or Stingray for that reason. Only time will tell I guess but I am extremely pleased with mine so far!

JDMUSCLE

Well the talks is that they aren’t making a manual C8... so C7Zs that are manual will hold their value well. Besides.... the % of manuals out there in the C7Z gen is much less than before. Therefore if you have a manual... it shouldn’t be impacted at all.