Value of the C5 Z06 rising?
03-27-2006, 02:39 PM
#1
TECH Addict
Thread Starter
Join Date: Dec 2001
Location: Cypress, TX
Posts: 2,264
Likes: 0
Received 0 Likes
on
0 Posts
Value of the C5 Z06 rising? Is it just me, or do the guides seem to show that the C5 Z06 values are going up? i would swear the last time I checked, average trade-in value was around $30K, but now the average trade-in is around $32-33K and retail shows upwards of $37K (source: www.NADA.org and www.KBB.com).
It would make sense given the continued price premium and rarity of the C6 Z06, wouldn't it?
It would make sense given the continued price premium and rarity of the C6 Z06, wouldn't it?
Last edited by CySevans; 03-29-2006 at 09:40 AM.
03-27-2006, 04:34 PM
#3
TECH Fanatic
Join Date: Feb 2005
Location: Maypearl, TX
Posts: 1,123
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by CySevans
Is it just me, or do the guides seem to show that the C5 Z05 values are going up? i would swear the last time I checked, average trade-in value was around $30K, but now the average trade-in is around $32-33K and retail shows upwards of $37K (source: www.NADA.org and www.KBB.com).
It would make sense given the continued price premium and rarity of the C6 Z06, wouldn't it?
It would make sense given the continued price premium and rarity of the C6 Z06, wouldn't it?
I've noticed that too...don't know if its the supply/demand thing, or as mattslightning said, maybe a seasonal increase?
Trending Topics
03-28-2006, 07:48 AM
#9
Registered User
Join Date: Feb 2002
Location: NYC, NY
Posts: 210
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Jayzvette
With the curent Z06 priced as high as it is. The average vette guy can't afford it. So there looking at the prevous generation. Supply meet demand 
The C5 Z06 won't really drop anymore, demand is constant and supply is no longer saturated. When the new Z came out people were selling their Zs like crazy, making the value drop like a rock. I would imagine the value for Z06s will stay where it is, and I really don't see it depreciating all that much -- it's already taken its hit.
-N
03-28-2006, 09:59 AM
#10
LS1Tech Co-Founder
iTrader: (34)
I see a ton changing hands on www.corvetteforum.com, and my dealer friends are turning a lot of them too. Plus once you go 5+ years out the interest rates go up bigtime. That afffects the price more than anything else. Very few cars level off in depreciation, and a very small handful appreciate.
03-29-2006, 07:21 AM
#12
9 Second Club
iTrader: (27)
Join Date: Apr 2003
Location: HOUSTON-TX
Posts: 3,685
Likes: 0
Received 0 Likes
on
0 Posts
Ive been checking the value of mine through winter up to current prices... It has been about ~2k higher the entire time. Im not complaining since I casually have it for sale LOL
03-29-2006, 10:39 AM
#13
TECH Fanatic
Join Date: Feb 2005
Location: Maypearl, TX
Posts: 1,123
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Tiago
Ive been checking the value of mine through winter up to current prices... It has been about ~2k higher the entire time. Im not complaining since I casually have it for sale LOL
