Used C8 Prices...WTF?
Melting Slicks
Joined: Jun 2013
Posts: 2,598
Likes: 1,593
Face it, buying a new Corvette (or a new anything) is a stupid financial decision.
When I bought my C7, I got a $3K discount, but have still lost $30K in depreciation.... I knew this going in, and decided I wanted a new car..... was that stupid?
If you are willing to wait, in 2023, you can buy a 2020 C8 for $50K.... "If You Are Willing To Wait".
If you are willing to wait, the HS Homecoming Queen will be divorced, with 2 kinds, and 40 pounds heavier.... "If You Are Willing To Wait".
If you are willing to wait, your $1M Life Insurance Policy will pay off your kid's student loans... "If You Are Willing To Wait."
See how easy life is?
When I bought my C7, I got a $3K discount, but have still lost $30K in depreciation.... I knew this going in, and decided I wanted a new car..... was that stupid?
If you are willing to wait, in 2023, you can buy a 2020 C8 for $50K.... "If You Are Willing To Wait".
If you are willing to wait, the HS Homecoming Queen will be divorced, with 2 kinds, and 40 pounds heavier.... "If You Are Willing To Wait".
If you are willing to wait, your $1M Life Insurance Policy will pay off your kid's student loans... "If You Are Willing To Wait."
See how easy life is?
Drifting
Joined: Dec 2013
Posts: 1,787
Likes: 646
From: Retired to Mississsippi.
As my Father told me when I was young, "things are only worth what People are willing to pay for them".
All this ranting and raving proves is that GM could have asked much more for the Car and sold every one they built.
As an aside, it appears the low optioned 1LT's are getting their Owners the most Profit.
All this ranting and raving proves is that GM could have asked much more for the Car and sold every one they built.
As an aside, it appears the low optioned 1LT's are getting their Owners the most Profit.
Team Owner
Joined: Sep 2010
Posts: 32,290
Likes: 4,625
There's some great advice here. And some juicy remarks and observations.
I think it's wonderful that the C8 is such a big hit. It ensures the bloodline of Corvette going forward. I was more concerned about what if it's a flop. Recently purchasing my 2nd new Corvette in 40 years, a C7, this is great news for the model going forward. The current supply and demand popularity of the C8 is terrific. Everyone wins!
I think it's wonderful that the C8 is such a big hit. It ensures the bloodline of Corvette going forward. I was more concerned about what if it's a flop. Recently purchasing my 2nd new Corvette in 40 years, a C7, this is great news for the model going forward. The current supply and demand popularity of the C8 is terrific. Everyone wins!
Racer
Joined: Jun 2004
Posts: 424
Likes: 59
From: Warner Robins GA
We paid 97K for ours used with 1.5K miles, MSRP was $85K, Z51, FE4, high wing. I wasn't happy about it but my wife really wanted the car now. It comes down to supply and demand and she didn't want to wait until late 2021.
Racer
Joined: Apr 2005
Posts: 297
Likes: 33
From: Peoria Illinois
My first Corvette was a 1978. I had ordered a silver anniversary edition and waited months for it. The reason I had to wait for so long was because the Corvette plant was turning out the pace car edition and they where going for as much as 80% above sticker. I finally found a Corvette that the person who had ordered it backed out and I bought that one. After a few years the pace car value drop like a rock and they did not start to recover until just a few years ago. We have also seen this in the C4 ZR1s. But if you have the money and the ego then all power to ya. Sadly I have neither.
I also have a 2020 HTC ordered and I am setting at 3000. It was ordered a MSRP, lucky me.
I also have a 2020 HTC ordered and I am setting at 3000. It was ordered a MSRP, lucky me.
Last edited by craigcurry; Aug 17, 2020 at 12:19 PM. Reason: Needed to add a little more.
Racer
Joined: Feb 2020
Posts: 483
Likes: 227
From: Houston, TX
Banned Scam/Spammer
Joined: Jul 2015
Posts: 2,670
Likes: 401
I get they want it now, but it's insane the amount of money they are literally throwing away for it. And if they have that much money to burn then why aren't they buying something like a McLaren? If, on the other hand, they don't have that kind of coin, then I hate to say, but it's borderline idiotic. And that's coming from a car guy with poor priorities! lol
Either way, I wish I realized this lunacy would happen, because I would have got in line to buy a 2020 from the right dealer, and sold it for a profit!
Either way, I wish I realized this lunacy would happen, because I would have got in line to buy a 2020 from the right dealer, and sold it for a profit!
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Safety Car
Joined: Aug 2004
Posts: 4,083
Likes: 190
From: IL / FL .
Looks like Dana Mecum is running your 1LT through his Kissimmee auction next week at no reserve.
.
Last edited by ZL-1; Aug 18, 2020 at 07:09 PM.
Race Director
Joined: Jan 2005
Posts: 13,934
Likes: 4,257
From: NC
Face it, buying a new Corvette (or a new anything) is a stupid financial decision.
When I bought my C7, I got a $3K discount, but have still lost $30K in depreciation.... I knew this going in, and decided I wanted a new car..... was that stupid?
If you are willing to wait, in 2023, you can buy a 2020 C8 for $50K.... "If You Are Willing To Wait".
If you are willing to wait, the HS Homecoming Queen will be divorced, with 2 kinds, and 40 pounds heavier.... "If You Are Willing To Wait".
If you are willing to wait, your $1M Life Insurance Policy will pay off your kid's student loans... "If You Are Willing To Wait."
See how easy life is?
When I bought my C7, I got a $3K discount, but have still lost $30K in depreciation.... I knew this going in, and decided I wanted a new car..... was that stupid?
If you are willing to wait, in 2023, you can buy a 2020 C8 for $50K.... "If You Are Willing To Wait".
If you are willing to wait, the HS Homecoming Queen will be divorced, with 2 kinds, and 40 pounds heavier.... "If You Are Willing To Wait".
If you are willing to wait, your $1M Life Insurance Policy will pay off your kid's student loans... "If You Are Willing To Wait."
See how easy life is?
PS. I'll probably get my 2021 HTC sometime around February/March 2021. And if someone walks up to me at a gas station and offers me $20K over MSRP, he just bought himself a car!!!
Last edited by jimmyb; Aug 18, 2020 at 07:32 PM.
Thread Starter
Safety Car
Joined: Apr 2003
Posts: 4,306
Likes: 773
From: Long Island NY
It's certainly not just the C8...it was also the Raptor, the GT500, and many other vehicles. It's a new trend and it's frustrating. These are SUPPOSED to be vehicles the average working man can afford, but the spoiled rich folks are ruining that to some extent.
Drifting
Joined: Dec 2013
Posts: 1,787
Likes: 646
From: Retired to Mississsippi.
It's certainly not just the C8...it was also the Raptor, the GT500, and many other vehicles. It's a new trend and it's frustrating. These are SUPPOSED to be vehicles the average working man can afford, but the spoiled rich folks are ruining that to some extent.[/QUOTE]
Yep, we are way past the time for Income Equality. A Corvette in every Garage!
Nothing worse than a spoiled Rich Person. They already own all the Ferrari's, Maserati's and Lambos, those greedy Bastards.
Kia's, we don't need no stinking Kia's.
Yep, we are way past the time for Income Equality. A Corvette in every Garage!
Nothing worse than a spoiled Rich Person. They already own all the Ferrari's, Maserati's and Lambos, those greedy Bastards.
Kia's, we don't need no stinking Kia's.
Melting Slicks
Joined: Aug 2004
Posts: 2,149
Likes: 1,349
From: Big D Dallas TEXAS
I been on a wait list since 1/2016, my car arrived on 6/24/20 & was gone on 8/12/20 I always say everyone has a price, I never intended to sell my car, but sometimes you just can’t say no. This will change, they are making more cars every day. The C8 Z06 will be reveled sometime in 2021 as a 22. I am on the wait list for the Z06 since 2/2018. The C8 is a game changer but at the end the day it’s a mass produced sport car that Is not a limited production speciality car.
Their are so many cars that had an emotional frenzy and dropped in values after 6 plus months.
Acura NSX stayed strong
Honda S2000
PT Cruiser
Prowler
GT3RS
Audi R8
C8 Corvette time will tell
458 Ferrari
Merc G Wagon
I can add 100’s of cars to this list
Last edited by fasttoys; Aug 18, 2020 at 11:01 PM.
Thread Starter
Safety Car
Joined: Apr 2003
Posts: 4,306
Likes: 773
From: Long Island NY
Maybe learn how to quote before you pretend to be intelligent. Baby steps.
Last edited by kbreese; Aug 18, 2020 at 10:17 PM.
Le Mans Master
Joined: Nov 2002
Posts: 5,832
Likes: 1,682
From: Rochester New York
Yeah, my dealer I bought it from sent me that notice. I sold it for $180 shy of $20,000 over MSRP, used it for a month and drove it 1177 miles! The dealer who bought it from me had to ship it to Missouri that cost over $1000 and now has to pay to ship it to Florida! He has to pay seller fees to Mecum. How much can this $62,780 MSRP Used 1LT bring at the auction??? How much can this dealer make on this car?
Last edited by Supersonic 427; Aug 18, 2020 at 10:18 PM.
Melting Slicks
Joined: Jan 2009
Posts: 2,127
Likes: 33
From: Easley/Anderson South Carolina
I literally just watched a yellow $75kish MSRP C8 sell for $104k.
Values are ridiculous right now due to demand. Once production and delivery starts up again, they will drop down to realistic values. Until then, there is money to be made if you own a C8 and can wait til the next production run (if you can get an allocation....)
Values are ridiculous right now due to demand. Once production and delivery starts up again, they will drop down to realistic values. Until then, there is money to be made if you own a C8 and can wait til the next production run (if you can get an allocation....)