Stop gap Stingray
Thread Starter
Instructor
Joined: Apr 2023
Posts: 187
Likes: 116
Stop gap Stingray
I am thinking of buying a stingray while I wait for the ERay, assuming ~6 months, have found two without the 2100 price increase.
1) 2LT Z51 Mag Lift GT2 coupe -89k MSRP
2) 1LT Conv Perf Exhaust, Comp seats -79k with a $1300 discount.
I wanted to know if 2 will be much harder to resell 6 months later compared to 1. I am getting it at a $3400 discount which is very tempting but wondering if I will get stuck with it due to the textile comp seats/1LT and maybe that's why it is discounted?
1) 2LT Z51 Mag Lift GT2 coupe -89k MSRP
2) 1LT Conv Perf Exhaust, Comp seats -79k with a $1300 discount.
I wanted to know if 2 will be much harder to resell 6 months later compared to 1. I am getting it at a $3400 discount which is very tempting but wondering if I will get stuck with it due to the textile comp seats/1LT and maybe that's why it is discounted?
Popular Reply
Oct 17, 2023, 08:20 AM
Melting Slicks
Joined: Feb 2023
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From: Northern Virginia
2023 C8 of the Year Finalist - Unmodified
With winter soon upon us, unless you are going to daily drive it, I would personally just wait for the E-Ray.
Pro
Joined: Jan 2023
Posts: 614
Likes: 653
For resale no doubt #1 is the best option, however, watching the market closely I agree with proeagles that the market is getting cold. I would not buy a car thinking of reselling in six months, unless you don't care about losing money......
Thread Starter
Instructor
Joined: Apr 2023
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I am okay losing the sales tax, registration etc. I see a lot of 23s on the lot but was thinking that a well optioned 24 C8 would still be desirable come spring/summer 24 for someone who doesn't want to wait, at close to the new MSRP. If I don't get an ERay for any reason, I can continue to drive it.
Le Mans Master
Joined: Jun 2005
Posts: 5,037
Likes: 520
From: Texas
I am thinking of buying a stingray while I wait for the ERay, assuming ~6 months, have found two without the 2100 price increase.
1) 2LT Z51 Mag Lift GT2 coupe -89k MSRP
2) 1LT Conv Perf Exhaust, Comp seats -79k with a $1300 discount.
I wanted to know if 2 will be much harder to resell 6 months later compared to 1. I am getting it at a $3400 discount which is very tempting but wondering if I will get stuck with it due to the textile comp seats/1LT and maybe that's why it is discounted?
1) 2LT Z51 Mag Lift GT2 coupe -89k MSRP
2) 1LT Conv Perf Exhaust, Comp seats -79k with a $1300 discount.
I wanted to know if 2 will be much harder to resell 6 months later compared to 1. I am getting it at a $3400 discount which is very tempting but wondering if I will get stuck with it due to the textile comp seats/1LT and maybe that's why it is discounted?
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Instructor
Joined: Sep 2023
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From: Hearne
I am okay losing the sales tax, registration etc. I see a lot of 23s on the lot but was thinking that a well optioned 24 C8 would still be desirable come spring/summer 24 for someone who doesn't want to wait, at close to the new MSRP. If I don't get an ERay for any reason, I can continue to drive it.
Race Director
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From: Garden Valley CA
It depends on the tax laws in your state. Some states charge the full tax whether or not you trade in a car.
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There seemed to be a lot of 1LT cars bought over the past few years. That may be a better buy if you plan to resell quickly, but personally I would rather have the 2LT as it has options I would want on a car.
Drifting
Joined: Aug 2019
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I have a 21 z51 3lt. Holding out for a zr1 since I already have a great car to drive. In the interim I have looked at zo6 but under no circumstances would I pay msrp+. Since I got on the list late everything I see is msrp plus. Too long of a wait at msrp for an interim car. Glad I have a good stingray.
Drifting
Joined: Aug 2019
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Likes: 648
I have a 21 z51 3lt. Holding out for a zr1 since I already have a great car to drive. In the interim I have looked at zo6 but under no circumstances would I pay msrp+. Since I got on the list late everything I see is msrp plus. Too long of a wait at msrp for an interim car. Glad I have a good stingray.
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You are doing well if a Stingray is just a stop gap bridge to get to the car that you really want
Race Director
Joined: Apr 2005
Posts: 10,179
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From: Wesley Chapel, FL Las Vegas, NV
I got on the list for ZO6 at MSRP and then bought my HTC 3LT Stingray. The more I drive the Stingray the more I think the ZO6 is not worth the extra $40-$50k.
I go back and forth in my thinking.
I go back and forth in my thinking.
Thread Starter
Instructor
Joined: Apr 2023
Posts: 187
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This is what I've decided, if I get the ERay allocation tomorrow, I might not get the Stingray otherwise I'm going for it. I don't want to wait and miss out, with this stingray I could potentially skip the ERay and go for the ZR1 as well. Most dealers have reissued window stickers now with the $2100 price increase, even for the 2024s that were built before the price increase 
Instructor
Joined: Sep 2023
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From: Hearne
Drifting
Joined: Oct 1999
Posts: 1,673
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From: Corrales NM
This is what I've decided, if I get the ERay allocation tomorrow, I might not get the Stingray otherwise I'm going for it. I don't want to wait and miss out, with this stingray I could potentially skip the ERay and go for the ZR1 as well. Most dealers have reissued window stickers now with the $2100 price increase, even for the 2024s that were built before the price increase
For me it is enjoy the 2023 SR, order a Z06 in Jan 2024, wait for a 2026 ZR1 and see if I really want it. Since I have zero interest in anything electrified, and a boosted engine is not my first choice (depending on much yet to be released data on the ZR1), I may just keep the Z06 and be buried in it. Oh the horrors of a first world problem we are all so lucky to have!!!!
Thread Starter
Instructor
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Race Director
Joined: Apr 2005
Posts: 10,179
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From: Wesley Chapel, FL Las Vegas, NV
Correct. However consider this.
The trade-in value you get from a dealer is most often substantially less than you get selling to a private party.
For example if the tax rate is 6% and you can sell the car private party for an amount which is over 6% more than the dealer is offering on a trade you're money ahead selling PP
$80K car total trade value with tac credit is $84800. Sell PP for over $84800 and you are better off.
Down side is it's less hassle to trade in to the dealer and is the effort going PP worth it?
The trade-in value you get from a dealer is most often substantially less than you get selling to a private party.
For example if the tax rate is 6% and you can sell the car private party for an amount which is over 6% more than the dealer is offering on a trade you're money ahead selling PP
$80K car total trade value with tac credit is $84800. Sell PP for over $84800 and you are better off.
Down side is it's less hassle to trade in to the dealer and is the effort going PP worth it?